JPMorgan and Bloomberg forecasts Bitcoin will fall to $13,000
According to JPMorgan experts, the FTX catastrophe may have caused the price of Bitcoin to plunge as low as $13,000. The American financial behemoth JPMorgan predicts that Bitcoin, which currently costs about $15,000, might go below its production cost. According to JPMorgan, the downfall of one of the biggest cryptocurrency exchanges would result in “a […]
DOJ Seizes $3.36 Billion In Second-largest Bitcoin Recovery
The U.S. Department of Justice(DOJ) announced on Monday that law enforcement seized $3.36 billion in bitcoin from a man who “illegally obtained” more than 50,676 bitcoin from the dark-web market, Silk Road, over a decade ago. According to the U.S. Attorney for the Southern District of New York, the man identified as James Zhong of Gainesville, […]
Bitcoin, Ethereum Trading Launches At Union Bank Of Philippines
One of the biggest banks in the Philippines, UnionBank, has partnered with a Swiss cryptocurrency company to provide cryptocurrency trading. UnionBank has launched a pilot program for Bitcoin ( BTC $20,414) and Ether ( ETH $1,556) custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2. In […]
Argo Blockchain At Risk Of Closing
Argo Blockchain is at risk of closing if it fails financing. To reduce debt owed, Argo Blockchain started selling its Bitcoin assets earlier this year. Argo Blockchain, a cryptocurrency company registered on the London Stock Exchange, has issued a warning that it faces the possibility of halting operations because of a shortage of funding. According […]
Bitcoin Price Action Tanks as Goldilocks’ Dream Scatters
The price of Bitcoin takes back some of the gains it made earlier this week. Today, the price of BTC fell again because Apple, Meta, and Amazon didn’t meet investors’ expectations. As the Fed and midterm elections come into focus as risk events, you can expect the dollar to get stronger. The price of Bitcoin […]