CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case
This is the largest fraud case involving Bitcoin that CFTC has cracked so far. The case involved the CEO of Mirror Trading International Proprietary Limited (MTI). Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities. A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary […]
Kaspa price gives up gains as top exchange delays KAS listing
Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030. The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS. Uphold says the delay is due to a technical issue that will soon be sorted out. Kaspa (KAS) was among […]
Bitcoin supply is dwindling, yet volatility will be the biggest benefactor
Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […]
legendary investor Peter Lynch takes a side
Peter Lynch reveals that he does not own any cryptocurrency. He’s sticking to his ‘buy what you know’ investment strategy. Lynch regrets not investing in Apple and Nvidia in recent years. Bitcoin has massively outperformed equities since the start of this year but legendary investor Peter Lynch continues to prefer the latter. Lynch does not […]
DigiToads, Lido DAO, and Toncoin
DigiToads (TOADS) offers an innovative approach to the NFT space and a promising investment opportunity. LDO is the native token of popular liquid staking platform Lido DAO. Meanwhile, Toncoin’s TON has the potential to benefit from the massive Telegram community and the social media giant’s involvement in The Open Network blockchain. From decentralised finance (DeFi) […]
Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion
Key Takeaways Bitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisis Dan Ashmore, our Head of Research, warns that volatility will return before long Over 50% of stablecoins have left exchanges and orderbooks are thin, he writes, meaning there is less needed to move […]
Bitcoin price prediction for 2024: is $100,000 still on the cards?
Standard Chartered analyst expects bitcoin to hit $100,000 in 2024. Geoff Kendrick explained his bitcoin price prediction in a research note. Bitcoin is currently down over 10% versus its high earlier this month. Bitcoin has lost more than 10% in recent days but that, as per a Standard Chartered analyst, may just be an opportunity […]
RPL whales signaled local top
The price of Rocket Pool (RPL) faces fresh downside pressure near $45, with bulls’ attempting to turn the level into a new primary support zone. As of 12.50 pm ET on Friday, the RPL token was trading around $46.60 – about 2.4% down in the past 24 hours. RPL is one of the altcoins that rallied […]
Bitcoin wallet dormant for 10 years suddenly wakes up
A dormant wallet from 2012 has woken up and moved 279 BTC. According to on-chain data, the Satoshi era wallet holds 1,128 Bitcoin worth $31.6 million. The wallet last transacted when Bitcoin prices ranged in the $12 to $95 zone. While Bitcoin price continues to flirt with $28,000 after this week’s slump from $30,000, a […]
Riot Platforms stock has moved to a bear market: buy the dip?
Riot Platforms (NASDAQ: RIOT) stock price has drifted downwards in the past few days as Bitcoin and other cryptocurrencies retreated. The shares retreated to a low of $11.48 in the pre-market session. This means that the stock has dropped by more than 20% from the year-to-date high, meaning that it has moved to a bear market. […]