Category: Bitcoin

A court of appeals in Paris has upheld the five-year prison term in the case against BTC-e operator Alexander Vinnik. The court upheld a December 2020 verdict and prison sentence, finding that Vinnik/BTC-e had committed money laundering as part of an organized criminal group, and provided false information about the origin of the proceeds. The

Iran’s Ministry of Industries, Mining and Trade issued operating licenses for 30 crypto mining centers in the country, the country’s Financial Tribue reported last Wednesday. Citing data from the ministry’s website, the report says that Iran’s Semnan Province received the most licenses, with six crypto mining farms now authorized to operate in the region. Alborz Province

Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China. According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions like China, Taiwan, Israel and Iraq. Other banned countries include the United Kingdom — restricted

Guggenheim Partners founder Scott Minerd says a $600,000 Bitcoin is still in the cards, but investors may have to prepare for a further drawdown before BTC can start rising again. In an interview with CNBC, Minerd discusses the possibility of Bitcoin losing over 50% of its based on historical price action.   “Every major run-up

BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported. According to the report, ZG.com is a completely independent

Bitcoin (BTC) starts a new week with a key weekly close under its belt and everything to play for — can it hold higher? After the weekend saw moderate volatility, including a retest of $30,000 support, BTC/USD is back above $35,000. Despite the negative press, FUD and miner shake-up from China, the latest BTC price

Bitcoin’s (BTC) weekend dance between $30,000 and $34,000 seems to strengthen the short-term uncertainty narrative, as JPMorgan strategists believe the cryptocurrency market is not yet healthy. A Friday note from the JPMorgan Chase team suggested that the near-term setup for Bitcoin still looks challenging. Based on the on-chain data, JPMorgan strategists said that “there is

The third richest man in Mexico, Ricardo Salinas Pliego, has doubled down on his support for Bitcoin, revealing plans to open the first BTC accepting bank in the country. On June 27, the Mexican billionaire tweeted his support for the widespread adoption of BTC, noting that his bank is “working” to become the first in

Closely-followed analyst Will Clemente says he’s seeing on-chain signals indicating that strong hands are aggressively buying the Bitcoin dip. Clemente tells his 123,400 Twitter followers that in the past month, long-term holders have quietly accumulated massive amounts of BTC to offset the selling of short-term holders.   “In the last 30 days, long-term holders have

Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year. According to data from blockchain analytics firm Chanalysis that was reported by Bloomberg on June 28, crypto investments increased during mid-2020 before going parabolic as the markets surged into new all-time highs towards