Bitcoin

Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme

July 14th, 2021

Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture, Japan, said Monday that four men have been arrested for defrauding…

Bitcoin Could Soon Explore Levels Under $30,000

July 14th, 2021

Bitcoin price seems to have accepted that recovery is not possible at this momentum in time. Despite holding above $32,000 last week, this support has been overwhelmed amid the ongoing mid-week trading session. Thus, Bitcoin is teetering around $31,800 while bears tighten their grip. Is Bitcoin Price Downtrend Stoppable? Numerous sell signals on the four-hour…

Fidelity’s Crypto Branch to Increase Staff by 70 percent, President Sees ‘More Interest in Ether’

July 13th, 2021

According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for Ethereum. Crypto Demand Pushes Fidelity…

Ukraine shuts down largest illegal crypto mining farm

July 12th, 2021

After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards, and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much…

Bitcoin Steps Out, Eyes On The $40,000 Target

July 12th, 2021

Bitcoin price closed the weekend session in the green, trading above $34,000. The trading last week was mainly drab and characterized by a considerable dip from weekly highs above $35,000 to lows under $33,000. As the new week takes off, the bellwether cryptocurrency is back to trading above $34,000. Here, the 50 Simple Moving Average…

Asset Manager Guggenheim Lowers Bitcoin’s ‘Real Bottom’ Price Prediction

July 12th, 2021

Guggenheim CIO Scott Minerd has made another prediction about where the price of bitcoin will be, a lower estimate from his previous “real bottom” price prediction. The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, returned last week with another bearish prediction for bitcoin. Minerd is also the chairman of Guggenheim Investments, the global…

As Bitcoin Breaks Down Under $33,000, Here Are Key Levels to Watch Out

July 9th, 2021

Thursday, July 8, saw another bloodbath on Satoshi Street with Bitcoin (BTC) and altcoins coming crashing down in the early hours. At press time, Bitcoin is trading 2.57% down at $32,556 levels with a market cap of $608. The world’s largest cryptocurrency has been showing high volatility over the last few weeks but remains range-bound…

Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin

July 8th, 2021

Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX can save your money. Your Wallet With a Forgotten…

Bitcoin Uptrend Shatters As Declines To $30,000 Beckon

July 8th, 2021

Bitcoin price seems to have abandoned the uptrend toward $40,000 due to the resistance at $35,000. Over the last two weeks, BTC’s price action within the confines of an ascending parallel pattern. In addition to the 200 Simple Moving Average (SMA) resistance, selling orders soared amid the bullish camp’s exhaustion. At the time of writing,…

China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning

July 7th, 2021

The People’s Bank of China, the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it…