Tag: Bitcoin News

Over 32,000 Bitcoins (BTC) Withdrawn From Crypto Exchange BitMEX After CFTC Charges

On Thursday, October 1, the U.S. CFTC filed a complaint against crypto exchange BitMEX accusing it of illegal crypto derivative trading and money laundering. Hours later, BitMEX responded denying all charges and assuring investors that their funds are absolutely safe with the exchange. However, the damage was already done! As per the fresh report by […]

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Gold Pumps, Bitcoin Blips as Trump Tests Positive For Coronavirus

Markets are reacting to the news that U.S. President Trump tested positive for Covid-19 a few hours ago. Gold is up but stocks and Bitcoin are down, how far further will they fall? The POTUS took a Coronavirus test a few hours ago which produced a positive result for him and the First Lady. Stock […]

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“All Funds Are Safe”, BitMex Responds To CFTCs Recent Charges

In response to recent charges by CFTC Bitmex has released a blog assuring traders that the funds are safe and Bitmex will continue operating as usual. Bitmex team also responded through their official twitter handle and cleared doubts regarding the withdrawals and continuity of operations. United States CFTC & DOJ Filing Withdrawals Will Be Released […]

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CFTC Sues BitMEX For Violating Bank Secrecy Act ; Bitcoin Bears The Brunt 

Arthur Hayes, Ben Delo, and Samuel Reed, owners of BitMEX, have been charged by the Commodity Futures Trading Commission (CFTC) with “operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement required anti-money laundering procedures.” According to a press release from the CFTC, five entities associated with the owners of the […]

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Bitcoin Price Prediction: BTC Falters Ahead Of A Potential Breakdown To $10,000

Bitcoin settles above $10,800 after bouncing off $10,600 support. Bitcoin nurtures a sideways trend ahead of a breakdown that could revisit levels around $10,000. The cryptocurrency market is indecisive and continues to trade horizontally. Bitcoin has impressively held above $10,800. However, gains towards $11,000 have been capped under $10,900. On the downside, the flagship cryptocurrency […]

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Why JP Morgan Getting Fined $1bn For Market Manipulation is Good For Bitcoin

U.S. banking giant JP Morgan Chase agreed to pay fines of almost a billion dollars after acknowledging offenses regarding commodity market manipulation investigations. On Sept. 29, the Commodity Futures Trading Commission (CFTC) concluded what has been the largest-ever settlement imposed by the derivatives regulator according to Reuters. The bank has been engaged in a pattern […]

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Bitcoin Technical Analysis: BTC Eyes Retreat Before Another Breakout To $11,000

Bitcoin price is poised for a retreat to the next support at $10,600. The 50 EMA and 100 EMA are in line to offer support to save Bitcoin from the potential fall to $10,600. The flagship cryptocurrency has been able to rise above the stubborn resistance at $11,000. However, there was an impressive bullish price […]

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Bitcoin Price Analysis: BTC Bulls Regain Control, Plenty Of Room For Growth Above $11k

Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital […]

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Grayscale Increases Bitcoin Holdings as 18.5 Millionth Bitcoin is Mined

Grayscale Increases Bitcoin Holdings as 18.5 Millionth Bitcoin is Mined

Grayscale Investments has once again increased its Bitcoin (BTC) reserve holdings. According to analytics platform bybt, Grayscale added 17,100 BTC to its Bitcoin Trust between September 22 to 25. As the largest institutional holder of Bitcoin at present, Grayscale now has just slightly under 450,000 BTC which is worth approximately $4.9 billion. With a total […]

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Chinese State-Owned Media Praises Cryptocurrency as “The Best Performing Asset of 2020”

Chinese State-Owned Media Praises Cryptocurrency as “The Best Performing Asset of 2020”

Despite the ban on buying or selling cryptocurrency in mainland China, the Chinese state-owned Xinhua News Agency made a ruckus when it reported that the crypto-asset is the best performing asset class of 2020. The article piece was published last Thursday, calling cryptocurrency “decentralized financial instrument” and concluded that it has surpassed gold to become […]

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