A suspect accused of masterminding a $330,000,000 crypto scheme says he might be able to repay his victims if the courts will allow him to leave prison. Javier Biosca, a Spanish national, allegedly promised hundreds of investors 25% weekly returns through a firm he ran called Algorithmics, which supposedly traded Bitcoin, Ethereum and Litecoin. ADVERTISEMENT …
Category archives: Trending Crypto news
Amazon Hunts for Digital Currency and Blockchain Lead
Following a year of major revenue growth, Amazon is hunting for a digital currency and blockchain lead. The online retailer and information technology giant is looking for a product leader with at least 10 years of experience in product or program management, product marketing, business development or technology to join the company’s payments acceptance and …
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Litecoin Whales Quickly Add $30,000,000 in LTC Amid Decline in Value: Santiment
Blockchain analytics firm Santiment says Litecoin (LTC) is experiencing a strong wave of accumulation from whales, or wallets with at least 1,000 to 100,000 LTC. In a new report, Santiment says that Litecoin whales have increased their holdings by roughly 270,000 LTC, or about $30,000,000 since the beginning of July. ADVERTISEMENT The crypto insights …
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Amazon plans to accept Bitcoin payments this year, claims insider
An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions. “This isn’t just going through the motions to set up cryptocurrency payment solutions at some point …
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Top Crypto Analyst Predicts New All-Time High for Uniswap, Examines State of Litecoin and Chainlink
Top crypto analyst Nicholas Merten is mapping out bullish scenarios for UNI, the native cryptocurrency of the decentralized exchange Uniswap. ADVERTISEMENT In a new video, Merten tells his 463,000 YouTube subscribers that UNI/Bitcoin is currently bouncing from a key support level. “Uniswap has been generally holding, albeit for a few exceptions where the wicks …
Countries representing over 90% of global GDP are exploring CBDCs
The quest to understand the opportunities and challenges of a central bank digital currency, or CBDC, is underway in 81 countries, with five nations fully implementing a digital version of their currency, according to a new tracker from the Atlantic Council. The Caribbean region is home to all five CBDCs that are currently in use, …
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Can Cryptocurrency Save Colombia From an Economic Downturn?
HodlX Guest Post Submit Your Post The violence in Colombia associated with anti-government protests in April and May serves as a warning sign that the Colombian government might not have the power or authority to avoid a serious economic downturn – or worse, a debt crisis. This scenario is causing Colombians to reconsider how to …
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Finding the sweet spot: Traditional financial institutions ready for DeFi
Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted. Blockchain networks and their consensus mechanisms never made sense to the traditional investor, but decentralized finance, or DeFi? That’s something everyone’s looking to get behind. Traditional investors are more used to concepts like stocks …
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Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May 2021 sell-off. In doing so, it capped the cryptocurrency from extending its upside …
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Bringing the crypto payments ecosystem around the world: Ray Youssef
Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful. However, Youssef also admits to looting hardware stores on behalf of a convent school after Hurricane …
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Top Crypto Trader Says He’s Closely Watching These Areas of Interest for Bitcoin, Marks Key Resistance for BTC
A top crypto trader is discussing the key levels Bitcoin must conquer to signal a true recovery. In a new series of tweets, the crypto analyst known in the industry as Altcoin Psycho says that he is wary of Bitcoin’s recovery this weekend – even as Bitcoin surpasses $34,000 on Saturday. ADVERTISEMENT “No need …
Over 100 Creators Under the Name ‘NFT 256’ Present Their Artwork ‘NFT256 WORLDS’ for Auction on NFT STARS
Sydney, Australia The new NFT marketplace NFT STARS has announced the auction of the audio-visual artwork titled “NFT 256 WORLDS“. The visual aspect was created by an artistic collective by the name NFT 256, and a famous Russian musician took part in the creation of the original soundtrack for the drop. The auction starts on July …
3 reasons why Bitcoin price has not been able to rally back above $40K
The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist …
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This classic trading pattern signaled that Bitcoin price had hit a top
Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it …
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Bitcoin Bulls Must Hold Key Price Level This Weekend or Bullish Momentum Will Be Lost, According to Top Crypto Analyst
Top crypto analyst and trader Michaël van de Poppe is discussing key Bitcoin (BTC) price levels as the flagship cryptocurrency consolidates above $33,000. In a new video, Van de Poppe says that although Bitcoin appears to be in a slight bullish period, especially in the wake of news that Tesla and SpaceX hold BTC on …