Day: July 28, 2020

Bitcoin Price Can Hit $28K, Says Max Keiser, as BTC Crossed $11K Mark

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With sharp bullish trends for BTC in recent days, Bitcoin’s relevance in the investment world keeps gaining investors’ attention. Bitcoin (BTC) has shown impressive bullish runs in the past days capped with hitting the recent high of $11,300. This surprising Bitcoin move has prompted analysts including Max Keiser to project new highs for the coin. Max Keiser in a series of tweets pitched Bitcoin to hit an all-time high with six figures after first correcting at $28,000. Somewhere, @PeterSchiff is puking his brains out right now. 🤮 $28,000 is in…

Cellebrite Launches Crypto Tracer Solution to Track Illicit Transactions

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Digital intelligence firm Cellebrite has launched its “Cellebrite Crypto Tracer” solution. The new offering is powered by CypherTrace and aims to trace illicit cryptocurrencies involved in money laundering, terrorism, drugs, human trafficking, weapon sales and ransomware schemes. The suite of tools will be available to investigators, analysts and non-technical agents who want to lawfully obtain evidence and trace criminals who use cryptos like Bitcoin (BTC) through the darknet. Citing figures from an Oxford University study, Cellebrite states that an estimated $76 billion worth of illegal activities involve Bitcoin. Curating millions…

GOOGL Stock Up 1.4%, Google to Build Undersea U.S.-Europe Cable

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To build the undersea cable, Google signed a deal with SubCom, the New Jersey-based subsea cable provider. The project will be completed in 2022. GOOGL stock gained 1.4% yesterday. Google LLC (NASDAQ: GOOGL) has announced plans to connect the U.S. and Europe by building a subsea cable with landing points in New York, Bude (the UK), and Bilbao (Spain). Named Grace Hopper, the cable will provide “better resilience for the network that underpins Google’s consumer and enterprise products.” Google Global Network VP Bikash Koley said: “Once commissioned, the Grace Hopper…

First Mover: The Dollar Drop May Have Helped Push Bitcoin Past $11K

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As the U.S. dollar’s value slides, prices are suddenly rising for just about everything priced in dollars.  That includes bitcoin, which shot up some 13% on Monday for its biggest gain in almost three months. Prices soared past levels reached in February, prior to the pandemic-induced sell-off, reaching a new 2020 high of $11,180. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing…

Man in Florida Got $3.9M in PPP Check and Purchases New Lamborghini

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David Hines from Florida has been arrested for allegedly securing $3.9 million in PPP which he used for purchasing a $318,000 Lamborghini Huracan. A man from Florida David Hines has been arrested and charged as he allegedly lied to get $3.9 million COVID-19 relief funds in a PPP check which he used in purchasing a $318,000 Lamborghini Huracan. The emergence of the novel COVID-19 turned many people’s world around. The fast-spreading disease spiked response from governments around the world including the closure of borders, as well as the enforcement of…

How blockchain can transform telehealth and Covid patient care

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Over the past several years I have dedicated myself to making blockchain work for the healthcare sector. The widespread inequalities and inefficiencies in our global health systems are beginning to show now, more than ever. The coronavirus pandemic has laid bare the urgent need for new solutions to age-old problems, including how society could benefit from the widespread deployment of a blockchain-based healthcare platform. Digital ledger applications have the power to resolve systemic problems affecting global supply chains. This is certainly true: once in effect, we will have the ability…

JP Morgan’s Latest Gold Warning Puts Bitcoin At Risk of Dipping Below $10K

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Bitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost mirrored a similar downside move in spot gold as the precious metal corrected lower shortly after coming at a striking distance of $2,000 an ounce. Analysts at JP Morgan & Chase warned about gold peaking out, stating that the metal would trade downwards later in 2020. The price of Bitcoin dropped by more than 2.5 percent in the first hours of the London trading session Tuesday on profit-taking sentiment. The BTC/USD…

Mastercard Exec Accused of Money Laundering Cover-Up at Bank With Ties to Wirecard

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Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the troubled FBME bank in Cyprus. In 2014, the United States’ Financial Crime Enforcement Network had banned U.S. financial institutions from dealing with FBME after the bank was accused of being used to “facilitate money laundering, terrorist financing, transnational organized crime, fraud, sanctions evasion and other illicit activity.”  The allegations included facilitiating the processing of money tied to the…

These 3 Signs Indicate Bitcoin Could Drop After 20% Explosion to $11.5k

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Bitcoin has extremely strong price action over recent days. At the highs of the rally on Monday, the leading cryptocurrency traded as high as $11,500 on leading margin exchanges. There remain signs that BTC could undergo a strong retracement after surging as high as $11,500. This comes in spite of the fact that BTC is already down by approximately $700 from the local highs as of this article’s writing. The following are three signs that BTC could retrace as shared by analysts. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US…