Tag: Crypto News

Crypto Price Analysis & Overview October 2nd: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

Crypto Price Analysis & Overview October 2nd: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

Bitcoin Over the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October. Unfortunately, Bitcoin […]

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6X Bitcoin: Ethereum Miners Made $166 Million from Gas Fees in September

6X Bitcoin: Ethereum Miners Made $166 Million from Gas Fees in September

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million. Ethereum Miners Made 6X More Money Than Bitcoin Miners in Sept […]

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Bitcoin Price Analysis: BTC Heads Lower on BitMEX News. Will $10K Hold?

Bitcoin Price Analysis: BTC Heads Lower on BitMEX News. Will $10K Hold?

Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over […]

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19% of All Bitcoins Stored On BitMEX Withdrawn After The CFTC Charges

19% of All Bitcoins Stored On BitMEX Withdrawn After The CFTC Charges

Recent data revealed that cryptocurrency traders had withdrawn the first batch of 23,200 BTC (worth over $240 million) from BitMEX in the initial hours following yesterday’s developments.   This substantial amount represented about 13% of all bitcoins held on the popular Bitcoin derivatives exchange.   The Glassnode data indicated that this is the “largest hourly […]

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US National Pleads Guilty To a $3M Worth Bitcoin Escrow Fraud

The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount. Crypto Fraudster Pleads Guilty Thompson served as the director of Volantis Escrow Platform LLC and Volantis Market […]

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The BitMEX v CFTC Case: The Good and the Bad For The Crypto Industry

Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar. The news spread quickly throughout Crypto Twitter, and of course, the […]

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Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process […]

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Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap. Bitcoin Tumbles On BitMEX News As CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one […]

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BitMEX in Response to CFTC: We Will Continue to Operate Normally, Funds Are Safe

In a somewhat unexpected turn of events, the United States Commodities and Futures Trading Commission has pressed charges against the owner-operators of BitMEX for illegally running a cryptocurrency exchange and failing to comply with anti-money laundering regulations.   As CryptoPotato reported earlier today, this had an immediate impact on Bitcoin’s price, which dropped by as […]

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Bitcoin Tumbles $400 As CFTC Charges BitMEX Owners with Illegally Operating a Crypto Exchange

Bitcoin Tumbles $400 As CFTC Charges BitMEX Owners with Illegally Operating a Crypto Exchange

Bitcoin’s price was advancing relatively well over the last couple of days but now things took a turn for the worst. The cryptocurrency went on to lose more than $400 of its value, at the time of this writing, in less than an hour. It was trading at almost $10,900 before plunging down to where […]

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