The US Department of Justice released the formal announcement this week regarding Kristijan Krstic’s indictment for allegedly committing cryptocurrency trading fraud. Krstic is a Serbian national who was reportedly behind the embezzlement of US$7 million from US-based investors via fraudulent cryptocurrency schemes. We believe that this news is of significance,
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US Treasury Secretary Janet Yellen has expressed her latest criticism of Bitcoin. In her message, she said that she feels anxious about eager investors of the famous digital asset. We are very interested to learn about Ms. Yellen’s latest perspective about Bitcoin, considering that she is an influential US government
This week, Bitcoin surpassed the $50,000-mark, and this development is happening for the first time. At the time of writing, the virtual asset’s trading price is $52,229.14, as per Coinmarketcap.com. Over the past few months, Bitcoin has surged, and its proponents believe that this rally could eventually reach $1 million
[LONDON, United Kingdom] — The introduction of a proposal regarding a cryptocurrency trading ban as a bill to Hong Kong’s legislative council is looming in the East Asian territory. The Special Administrative Region’s government is reportedly looking into this plan later this year. We want to inform cryptocurrency traders reading
The price of Bitcoin is starting the new week with a bang after major announcements from Tesla had just been released. Elon Musk, the CEO and founder of the company, had been actively posting on Twitter on crypto-related matters and now it seems like the automaker has a stake in
Although Bitcoin is lagging behind other major altcoins in terms of price action momentum, it had begun showing signs of strength since a few days ago, rising towards the key $40k area where it is hovering at the time of writing. After posting a massive rally, BTC took a few
The Bitcoin momentum continues to deteriorate as the week is getting close to an end since the price dropped below $30,000 and found some short-term support around $28,800. This represents the largest selloff since March, as a series of fears are dragging on the bullish sentiment. Even though last week
It was the first week of impulsive selling for Bitcoin seen in months, as the market finally reached a tipping point. During the past several weeks we’ve warned that a dip will very likely occur, given the extreme overbought conditions. However, even if the selloff unfolded, it didn’t take long
Nothing seems to be stopping the BTC buying mania and as a result of positive flows, the price action edges higher parabolically, breaking all-time highs one after the other. A few hours ago, the price broke above $28,000, and even though it found some short-term selling above that area, the
The Bitcoin price continues to impress and after breaking above the 2017 high, an overshoot occurred, driving valuations to levels not seen before. At the time of writing, BTC is trading little above $23,000, a level that would have seem impossible several months ago. The rally is unprecedented and does
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