Day: February 9, 2021

Serbian National Arrested and Extradited to the US for His Role in a $70M Crypto Mining Case – Regulation Bitcoin News

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A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up to 20 years in federal prison if convicted. Bogus Profiles According to a statement from the U.S. Department of Justice (DOJ), Stojilkovic was nabbed in his home country after the country submitted a “provisional arrest request on July 24, 2020. The statement adds…

Bitcoin Short Term Update + DXY & SPX Market Analysis

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Solana announces DeFi hackathon offering $200k in seed funding

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Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation. The hackathon, which is scheduled to take place from Feb. 15 through March 1st, will be hosted in partnership with Sam Bankman-Fried of FTX’s Project Serum. Bankman-Fried will also offer mentorship to hackathon participants alongside Solana CEO Anatoly Takovenko. Bankman-Fried stated: “A lot of an ecosystem’s success depends on how much the community builds on it. I’ve been really happy with the growth of Solana so far building out the world’s fastest, most scalable…

Ethereum Stuck Below $1,760, Why ETH Could Surge To $1,880

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Ethereum gained momentum above $1,650 after bitcoin’s surge against the US Dollar. ETH price is still struggling near $1,760, but it is likely to break higher. Ethereum rallied above $1,650 and it traded to a new all-time high near $1,777. The price is now trading well above $1,650 and the 100 hourly simple moving average. There is a key ascending channel forming with support near $1,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip towards the $1,650 support, but it is likely to continue…

Binance Labs backs Polkadot ecosystem with $2.4m investment in Plasm Network

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Binance Labs has led a $2.4 million Series A funding round for Polkadot-based smart contract platform, Plasm Network. Plasm Network’s funding round is the first investment made using Binance Labs’ $10 million fund to support projects in the Polkadot ecosystem. Plasm is a leading parachain candidate on Polkadot supporting Ethereum and Layer-2 scaling solutions. Binance Labs is the venture capital and incubator arm of crypto exchange giant Binance. In December 2020, Binance Labs led a $12 million funding round for MATH, a multi-chain assets hub behind MathWallet. In August of…

Mark Cuban Speaks About Cryptocurrency Investing – "The NEXT AMAZON…"

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Bitcoin’s Twitter-volume spikes to new all-time highs on Elon pump

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Social media activity for Bitcoin is at an all-time high following a massive endorsement from Tesla CEO, Elon Musk. Speaking to Cointelegraph, co-founder and CEO of crypto data provider The TIE, Joshua Frank, noted there have been 143,000 tweets over the last 24 hours from “non-bot accounts.” The new record beats out the previous high of 140,000 from Jan. 3, 2021. Historic BTC tweet volume: The Tie On Feb. 8, news that electric vehicle maker Tesla had added Bitcoin to its balance sheet sent prices and market sentiment to record…

Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program – Altcoins Bitcoin News

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An incentive of 100G$ will be given to registered users for new referrals, and 50G$ to new users as a ‘welcome bonus.’ Etoro, one of the world’s leading social trading platforms, has announced that it’s funding rewards for the next one million users of its Gooddollar project, following the launch of a brand new referral program. Stablecoin G$ Aims to Become Digital Universal Basic Income Gooddollar is a digital coin and wallet founded in September 2020 by Yoni Assia, the cofounder, and CEO of Etoro. It provides a digital form…

Why you should be looking at Bitcoin Mining Stocks (BitFarms, Hut8 Mining)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BitFarms – $bfarf Hut8 Mining – $hutmf This channel and information are provided for information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy. This channel and information are not intended to provide investment, tax, or legal advice. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Surges 20% To New ATH, Why BTC May Soon Test $50K

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Bitcoin price started a strong surge above the $42,000 resistance against the US Dollar. BTC traded to a new all-time high near $47,500 and it remains supported for more gains. Bitcoin started a strong increase above the $40,000 and $42,000 resistance levels. The price is now well above $45,000 and the 100 hourly simple moving average. There was a break above a bullish continuation pattern with resistance near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher towards the…