Blockstream chief executive Adam Back says that Bitcoin (BTC) remains in the early stages of an ongoing bull market cycle. In a new interview with Anna Tutova, the CEO of Coinstelegram, the longtime Bitcoin veteran says Bitcoin could potentially soar more than 700% from the current value this cycle. “We’re still in the early stages …
Monthly archives: August 2024
Trader Says Bitcoin Could Crash by Nearly 20% if Major Support Level Fails, Updates Outlook on Ethereum and Aave
A widely followed crypto analyst is warning that Bitcoin (BTC) could plummet below $50,000 if it fails to hold a key support level. Crypto trader Michaël van de Poppe tells his 723,000 followers on the social media platform X that Bitcoin could witness another steep downward move if its immediate support level crumbles. “Bitcoin is …
Here’s How Bitcoin (BTC) Could Explode by up to 3X This Cycle, According to Real Vision Analyst Jamie Coutts
Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) could reach a six-figure price during the current cycle. Coutts says that compared to previous bull cycles witnessed in 2017 and 2020, Bitcoin is likely to record diminishing returns this time round. According to Coutts, Bitcoin rallied by 19X in 2017 and 6X in 2020 but …
Zimbabwe Central Bank Denies Forced Remittance Conversion Claims
The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora remittances policy. According to the RBZ, the market had misconstrued a video on social media in …
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Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death
A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order was handed down by Judge Silvio Gemaque, who said Steynberg’s death certificate was added to the case file. …
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Clay County Intensifies Efforts Against Cryptocurrency Scams
The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and ethereum, the office is organizing a specialized training program for local law enforcement agencies. This initiative aims to equip detectives and officers with …
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Top Trader Who Accurately Predicted 2018 Bitcoin Bottom Says BTC Primed To Go Higher – Here’s His Target
A widely followed cryptocurrency analyst and trader who nailed the 2018 Bitcoin bottom is expressing bullish sentiment on Bitcoin (BTC). Pseudonymous crypto strategist Bluntz tells his 269,300 followers on the social media platform X that he believes Bitcoin has likely bottomed out after completing an ABC corrective move on the four-hour chart. Bluntz is a …
Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases
Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by …
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Remembering Hal Finney’s Vision: The 20th Anniversary of Reusable Proofs of Work
This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo throughout the cryptocurrency community, underscoring his deep insight into the development of digital cash systems. From RPOW to Bitcoin Hal Finney was …
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Crypto-Stealing Malware ‘Styx Stealer’ Exposed by Hacker’s Critical Mistake
Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new features like auto-start and crypto-clipping. The malware was traced back to a developer linked to the Agent Tesla threat actor “Fucosreal.” During debugging, …
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Binance Goes Live in India: Full Access for Indian Users
Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange …
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Dubai Court Recognizes Cryptocurrency for Salary Payments
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected …
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21shares’ Toncoin ETP Reaches Over $100 Million in Assets Under Management
21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $3 billion for its customers, celebrated the milestone of its Toncoin Staking ETP reaching over $100 million in assets under management (AUM). The product has become the most popular TON tracking option …
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New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump
The newly launched native token for a Web3 infrastructure project skyrocketed by 38% this week despite the wider crypto market downtick. AVAIL, the utility token for the Avail ecosystem, is trading at $0.151, up from $0.109 seven days ago. The 190th-ranked crypto asset by market cap is also up more than 3% in the past …
Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline
The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase. Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced …
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