Bitcoin is once again retesting the $34,300 price area $34,300 is the 50% retracement level from the March 2020 bottom to the April 2021 peak A loss of this level will open the doors to $30k and the 61.8% retracement level at $27,111 $28,850 is also a level of support...
In summary: Ethereum has started off the month of June with sideways movement. This movement could be a precursor to another attempt at breaking and holding $250 as support. There is additional fundamental bullishness as investors anticipate staking on ETH2.0. The month of June is now in its second week...
Two unconfirmed transactions show that 9,800 Bitcoin linked to dark web marketplace Silk Road was transferred on Wednesday. 506 BTC was sent to a change address and 0.01 BTC was moved to the wallet 361yog in the first transaction, per reports. In the second transaction, the move transferred 8,200 BTC...
Crimes involving cryptocurrencies have led to billions of dollars worth of losses this year, according to a report from CipherTrace. During Q2 2019, an estimated $125 million was lost due to crypto-related hacks. A total of $227 million has been stolen in various security breaches this year, CipheTrace’s Q2 2019...
Police in Greater Manchester have helped to return more than £4m to the victims of an international crypto scam after specialist officers were sent to track down two suspects. Several people, duped into thinking they were making investments, lost money after following advice from a company that disappeared with their...
Summary: Fidelity announced a new Ethereum index fund per details from a filing with the Securities and Exchange Commission. The mammoth asset manager boasts around $5 million in investments for its latest crypto offering. Galaxy Digital CEO Mike Novogratz hinted that the company might provide retail exposure to Bitcoin soon....
Wednesday was not kind to the cryptocurrency market. As of the time of writing this (Wednesday night), Bitcoin (BTC) has shed 8% in the past 24 hours, falling below $7,700 — a level which analysts said would “make or break” this bull market — in a precipitous drop. Bitcoin is...
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, Bitcoin has fallen below $20,000 and bounced back above the same level. The leading...
Quick take: Bloomberg’s Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k will be Bitcoin’s support next year after serving as a resistance in 2017 Bitcoin’s adoption is increasing and thus providing a firmer foundation...
The Curve CRV-ETH exploiter is yet to return $19.7 million worth of cryptocurrency stolen during the reentrancy attacks on July 30. DeFi projects Alchemix Finance, JPEGd, and Metronome recovered a combined $48.1 million through asset returns from exploiters and white hat efforts. Curve Finance is offering a $1.8 million bounty...
A $57 million lawsuit against Terra co-founder Do Kwon has been brought to light by the Wall Street Journal. The lawsuit alleges fraudulent misrepresentation by Kwon.
