The 61,000 Bitcoins which British police seized from a gang of Chinese crypto criminals are now worth approximately $6.7 billion. That fortune is, of course, coveted by authorities in both China and the UK. Tianjin As we reported last month, a case is underway in London’s Southwark District Court against Ms. Zhimin Qian, a Chinese […]
Thanks to stablecoins (such as Tether and USDT), a real use case has been found for crypto: as a means of trading remittances, or money transfers by migrants. Expats from poorer Eastern Europe, for example, working in wealthier Western Europe, often used to send money back to their families using the services of international currency […]
If even legendary investor and chartist Peter Brandt sees a sell signal in the Bitcoin chart, it might be time to reconsider our positions. According to Brandt, we can recognize a “megaphone,” which, according to classic candlestick models, indicates a pending decline in the short-term. Do others besides me find it a bit awkward intellectually/emotionally […]
Federal Reserve Chairman Jay Powell had good news and bad news for the markets. Although he did promise to lower the interest rates by 25 basis points (as anticipated), he was still unsure whether this would also be the case in December. As a result, Bitcoin fell back below $110,000 just as institutional investors reshuffled […]
A new phenomenon that took off over the course of the summer is starting to worry many crypto traders. Bitcoins from the so-called Satoshi era are being moved and sold with ever increasing frequency. Do long-term investors expect a crash any time soon? Legend has it that the first 1.1 million Bitcoins, which were mined […]
Analysts at Standard Chartered, the British investment bank, have been saying for a whole year that Bitcoin can only go up. Now that the jump to a new record is taking its sweet time, they’ve come up with a new prediction: they now believe Bitcoin will never fall below $100,000 again. It seems risky, but […]
One of the most well-known privacy coins, Zcash, has been on a tear in the past few months. The coin held a stable value for a decade, but suddenly, seemingly out of nowhere, it began to rise. Is this a remarkable coincidence, or is there more to it? Bashers Privacy coins were developed in the […]
So far, the largest cryptocurrency has had a rather poor performance in what is typically its best month. With just four days left until November begins, we’re not sure whether we’ll close with a loss or a gain. What’s next for Bitcoin? With the recent Bitcoin price surge to $116K, is BTC slighly in the […]
According to the latest polls in the United Kingdom, Nigel Farage’s Reform Party would win a national election if it were held today. Virtually every pollster agrees. Of course, since national elections aren’t held until 2029, Farage can’t really work with that. For the time being, he’s copying Donald Trump’s playbook and tries to win […]
Suddenly, cryptocurrencies are being added to the European sanctions list against Russia. Last Thursday, the European Union added a 19th package to the existing sanctions against Russia. This latest package was distinctive in that it focuses on cryptocurrencies, particularly the famed stablecoin A7A5, which was specifically developed by the Kremlin to evade economic sanctions imposed […]
