Discover the Latest Bitcoin (BTC) News

Bitcoin’s ‘Kimchi Premium’ Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances

John P. Njui·July 26, 2022

Bitcoin's 'Kimchi Premium' Under Scrutiny by S. Korean Authorities in Connection With Illegal Remittances 10

Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea...

Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls

Naga Avan-Nomayo·July 25, 2022

Bitcoin dips as the crypto markets anticipate the FOMC meeting.

Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

John P. Njui·July 22, 2022

Bitcoin's $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex's Hayes 11

Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different....

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

John P. Njui·July 22, 2022

Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal 12

Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the...

Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

John P. Njui·July 21, 2022

Summary: The US Attorney’s Office of the Southern District of New York has charged a former Coinbase employee with insider trading. The Coinbase employee allegedly tipped off his brother and friend on new crypto listings on...

Elon Musk’s $1 Billion Bitcoin Sale From Tesla’s Bag Is A Drop In The Ocean – Binance Chief CZ

Naga Avan-Nomayo·July 21, 2022

75% of Tesla's Bitcoin sold as the company navigates lockdowns in China.

Coinbase Distances Itself from Three Arrows Capital, Celsius, and Voyager, Says it Has no Exposure

John P. Njui·July 20, 2022

Coinbase Distances Itself from Three Arrows Capital, Celsius, and Voyager, Says it Has no Exposure 13

Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto...

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

John P. Njui·July 20, 2022

Bitcoin Could Gain Another 18% After Breaking $24k - BTC Analyst. 14

Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could...

Bitcoin May See Another 5 – 6 Months of Downward or Sideways Price Movement – Grayscale Report.

John P. Njui·July 19, 2022

Bitcoin May See Another 5 - 6 Months of Downward or Sideways Price Movement - Grayscale Report. 16

In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their...

$500,000 Bitcoin Still Possible By 2027 – Mike Novogratz

Naga Avan-Nomayo·July 19, 2022

Summary: Bitcoin proponent Mike Novogratz reaffirmed his infamous “$500K in 5 years” prediction during the Bloomberg Crypto Summit. Novogratz made similar remarks back in March a few weeks before the markets tanked. Since his March comments,...

Three Arrows Capital Owes Genesis Trading $2.36B – Report

John P. Njui·July 18, 2022

Summary: Genesis Trading allegedly lent Three Arrows Capital $2.36 billion. Estimates had earlier put Genesis Trading’s losses due to exposure to Three Arrows Capital in the ‘hundreds of millions.’ Three Arrows Capital’s bankruptcy claims have halted...

Bitcoin Turns Bullish, Attempts to Reclaim the 200 Week MA Ahead of Inflation Data from EU, UK, Canada, Japan This Week

John P. Njui·July 18, 2022

Bitcoin Turns Bullish, Attempts to Reclaim the 200 Week MA Ahead of Inflation Data from EU, UK, Canada, Japan This Week 18

Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear...

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Sberbank Readies Ethereum-Compatible DeFi System For May 2023

Ether (ETH) Poised For $6K By 2025, $14K By 2030: Finder Report

Ethereum Engineers Release Shadow Fork To Test Shanghai’s Withdrawal Mechanism

Grayscale Files ‘Final’ Briefs In ETF Lawsuit Against SEC

Cathie Wood’s Ark Invest Says Bitcoin Could Exceed $1 Million By 2030

Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters

Sberbank Readies Ethereum-Compatible DeFi System For May 2023

Ether (ETH) Poised For $6K By 2025, $14K By 2030: Finder Report

Wormhole Set To Become Uniswap’s Official Bridge To BNB Chain

Yuga Labs’ Dookey Dash Is Plagued With Rampant Cheating

Chiliz (CHZ) Debuts EVM-Compatible L1 Blockchain

Squiggles NFT Founders Face Federal Grand Jury Investigation

Kraken Faces SEC Probe Over Sale Of Unregistered Securities