Bitcoin price soars to $33K: Is It Too Early To Call A Bottom?
As Bitcoin’s price plummeted to $29,000, dip buyers swooped in, but analysts warn that the crypto market has been unable to find a bottom due to China’s ban on BTC mining and a lack of buy activity. On June 22, cryptocurrency investors were given no respite when the price of Bitcoin (BTC) plunged below $30,000 […]
See Why Bitcoin Short Positions At Bitfinex Closed Before Bitcoin’s Drop Below $32K
Why did the majority of Bitcoin short positions at Bitfinex close before the most severe section of the correction? Bitcoin still sticks in limbo, trading near $33,000 and stuck in a downturn which seemed to be getting worse by the day. Analysts have used a variety of technical and on-chain measures to try to figure […]
SEC charges ICO Issuer With Fraud For Issuing Out Unregistered Security
ICO fraudsters from the 2017-18 bull market are still being pursued by the SEC During the last major cryptocurrency bull market, initial coin offerings raised tens of billions of dollars. The Securities and Exchange Commission (SEC) of the United States has charged a cryptocurrency issuer with “materially false and misleading representations.” This is in relation […]
MicroStrategy: Stock Plummets As Bitcoin Bounces
MicroStrategy (MSTR) shares fell as much as 12% on Tuesday, amid hints of resilience in the broader US stock market. MicroStrategy (MSTR) stock fell again on Tuesday, extending an early-week decline fueled by a highly volatile cryptocurrency market that saw Bitcoin (BTC) momentarily break above the $30,000 barrier. During the early morning trade, MSTR hit […]
Blockchain Capital Secures 300 Million USD From PayPal And Visa
For its Fund V LP, Blockchain Capital has received $300 million in funding from PayPal, Visa, and other investors. Several prominent investors, including PayPal and Visa, participated in a $300 million investment round for Blockchain Capital. Blockchain Capital announced the closure of its Blockchain Capital V LP in a press statement on Tuesday. According to […]