Bitcoin

Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT

February 28th, 2022

Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid warnings that Russia may employ digital coins to circumvent sanctions. The initiative comes as western allies agree to expel some Russian banks from SWIFT, the global interbank payments system. Government of Ukraine Seeks Info on Crypto Assets of Russian and Belarusian…

Chinese Supreme Court Classifies Crypto Trading As Illegal

February 25th, 2022

China’s supreme court on Thursday classified crypto transactions as illegal and said violators could face hefty fines and up to 10 years in prison. While top-level Chinese government bodies had already outlawed crypto in 2021, the move now makes crypto trading formally illegal and allows the government to take legal action against traders. The country…

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

February 23rd, 2022

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision…

Bitcoin Slips Under Crucial Support of $37,000 as Russia-Ukraine War Fear Intensifies

February 22nd, 2022

The world’s largest cryptocurrency Bitcoin (BTC) has slipped under its crucial support levels of $37,000 and is currently trading 6.195 down at $36,619 with a market cap of $693 billion. This is for the second time in this month of February that the BTC price is trading under $37,000. This comes amid the broader market…

The Green and Red Signals to Watch for Bitcoin

February 21st, 2022

The world’s largest cryptocurrency Bitcoin (BTC) continues to remain under pressure after losing the $40,000 support last Saturday. In a further price correction, the BTC price took a dive under $38,000 before recovering back again. While the bitcoin price remains highly volatile, we are looking at some of the on-chain metrics that can help decide…

Bitcoin Sinks 7 percent As Russia-Ukraine Tensions Rise; On-Chain Data Remains Bullish

February 18th, 2022

Most major cryptocurrencies fell sharply on Friday, with Bitcoin trading around two-week lows as concerns over a Russian invasion of Ukraine pushed traders into safe-haven assets. Bitcoin price update The world’s largest cryptocurrency lost more than 7% over the past 24 hours, trading around $40,700, according to data from CoinGecko.  U.S. President Joe Biden warned…

Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City

February 16th, 2022

The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of a crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware…

U.S. Cracks One Of The Biggest Crypto Heists, Arrests Couple For Laundering $4.5 Billion In Bitcoin

February 9th, 2022

The US Justice Department has cracked one of the biggest cryptocurrency heists worth a staggering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex. In addition, the Justice Department has arrested a husband-and-wife team on money laundering charges. Ilya “Dutch” Lichtenstein, 34, and his wife, Heather Morgan, 31, residents of…

Bitcoin Can Hit New All-Time High By March 2022 Predicts Analyst

February 8th, 2022

As the crypto market reclaims $2 trillion again, Bitcoin seems to be making a strong move above $44,000. As of press time, Bitcoin is up 3.33% trading at $44,238 with a market cap of $836 billion. The most important thing is that Bitcoin has given a daily close above its 50-day moving average of $42,500….

Bitcoin Breaches 50 DMA In A Major Trend Reversal, Lightning Network Capacity At ATH

February 7th, 2022

Over the last weekend, Bitcoin (BTC) has been showing healthy signs of a trend reversal, and well, as of press time, it has moved past its 50-day moving average (DMA). As of press time, Bitcoin is trading 3.05% up at $42,799 with a market cap of $811 billion. This could be the end of the…