Bitcoin is caught in a fairly wide trading range ever since reaching a new record ($74,000) in mid-March. The limits of that trading range are about 25 percent below that top ($57,000) and the $70,000 level (which we haven’t reached for several weeks). What’s next? I believe there are three options. Boredom A continuation of […]
Bitcoin has been struggling to find its way up again in the last few days. Although the recent low of $57,000 still seems like a very strong support line, Bitcoin just can’t seem to break the $65,000 mark, which it needs for a rise to $70,000. At the time of writing the Bitcoin price is […]
As Bitcoin struggles with the symbolic $60k mark again, Donald Trump praises crypto companies in the United States. As Trump desperately needs the youth vote, this is not really a surprising. However, it is true that Trump has been pro-crypto for several years now, while Biden’s team appears to be against it. At the time […]
From time to time, it looks like a new scam pops up every month. Just a few weeks ago, John Oliver did a long and extensive overview of the now very popular ‘pig-butchering’ scams (where money is mainly paid out in crypto) in his ‘last week tonight’ program. By now, the newest hype is the […]
Michael Saylor, founder of the investment firm MicroStrategy, continues to instruct his firm to do one thing and one thing only: buy Bitcoins. In their latest quarterly report, the company explained that by now it owns $14 billion worth of Bitcoins, or about 214,400 Bitcoins. That is more than the United States or China possess. […]
While crypto is once again looking up (I noticed Solana hit $150 again yesterday), a report first published by Bloomberg is stirring the minds of crypto fans on social media. The ‘Dead Internet Theory’ is suddenly alive and well again as it turns out that no less than 90% of all stablecoin transactions are made […]
Former co-CEO of FTX, Ryan Salame, will be sentenced later this month for his role in the collapse of the major crypto platform back in November 2022. In order to obtain a reduced sentence, Ryan agreed to sell an apartment in the Bahamas worth $5.9 million. Ryan is yet another former FTX manager who agrees […]
Arthur Hayes, one of the original ‘crypto billionaires’ and the notorious founder of the BitMEX platform, said in early April that he expected a ‘halving dip’ to take place. We published his prediction on April 10th, just 10 days before the Bitcoin halving. That ‘dip’ did indeed occur and lasted until approximately May 2. Now […]
The Dutch tax authorities yesterday arrested one of the founders of the ZKasino platform, an online crypto website that went dark just two weeks after its founding following a suspected “exit scam”. The unnamed 26-year-old man who was arrested is suspected of fraud, embezzlement and money laundering of some 11 million euros. So happy they […]
Ever since a New York judge’s ruling, the company behind Tether, the largest stablecoin in the crypto industry, has been forced to publish a quarterly report every three months. As the stablecoin is the third largest cryptocurrency, US market regulators want to be assured that crypto investors can park their money in USDT with confidence. […]
