Category: Bitcoin

Remember him? Computer Engineer seeks permission to excavate landfill in search of lost Bitcoin

James Howell, a computer engineer, who threw away his hard drive that contains 7,500 Bitcoin, is set to request excavation from the local council.  The IT guru has secured funds from local venture capitalists to support his effort in recovering the hardware.  Computer engineer James Howell, who claims to have accidentally thrown away a hard […]

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend

Following strong gains on Friday, bitcoin was consolidating under a key resistance level to start the weekend. Bulls opted to secure gains as price uncertainty heightened in crypto markets, which as of writing are down 1% on the day. Ethereum was also marginally lower in the session. Bitcoin After strong gains on Friday, bitcoin (BTC) […]

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Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $24,000, While ETH Nears $1,800

Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $24,000, While ETH Nears $1,800

Bitcoin rose for a third consecutive session on Friday, as prices rose above $24,000 to end the work week. Today’s rise comes as sentiment in crypto remains bullish, following Wednesday’s interest rate hike by the Fed. Ethereum was also higher, as prices approached $1,800. Bitcoin Bitcoin (BTC) was trading higher for a third straight day, […]

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Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate

Bitcoin, Ethereum Technical Analysis: BTC Surges by $2,000, Climbing Above $23,000 as Fed Hikes Bank Rate

Crypto prices surged in today’s session, as markets continued to react to the Federal Reserve’s latest interest rate hike. The Fed opted to raise rates by 75 basis points (bps) for a second consecutive meeting. Bitcoin briefly rose above the $23K mark earlier in the day, with ethereum rallying to a fresh six-week high over […]

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$250 Mln In Bitcoin (BTC), Ethereum (ETH) Liquidated, Is 100 bps Rate Hike Certain?

The crypto market loses last week’s gains as Bitcoin and Ethereum prices fail to sustain key support levels ahead of the FOMC meeting on July 27. The crypto market saw over $250 million in total liquidations, with nearly 80,000 traders liquidated in the last 24 hours. The rising FUD this week pushes the probability of […]

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236K BTC Sold by Large Institutions Since Terra’s Implosion in May

In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Forced Selling In Lunde’s view, massive institutional blow-ups in the past […]

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Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI  — Liquidators Accused of Failing Their Duty

Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty

In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized. Liquidators Failing ‘as the Deemed Public Officers’ […]

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Betting Big on Bitcoin Was a Short-Term Mistake, Admits Scaramucci

Betting Big on Bitcoin Was a Short-Term Mistake, Admits Scaramucci

Famous American financier Anthony Scaramucci has admitted that having massive exposure to Bitcoin was a mistake in the short run, as he and his investment company suffered significant losses amid the bear market. Bullish on Bitcoin in the Long-term In his latest CNBC interview, Scaramucci noted that while his Bitcoin exposure via his investment firm, […]

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