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Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case – Featured Bitcoin News

Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have reportedly solved a case involving the theft of bitcoins worth almost 3 million yuan ($466,000), local media reported this week. A man, referred to only by his last name Shan, filed a police report stating that he was unable to access his email account linked to…

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Crypto Exchanges Are ‘Over-Earning’ From Retail Investors, Expect Trading Fees To Fall: Bernstein Analyst

Research firm AllianceBernstein is concluding that crypto trading fees on exchanges are too high, but believes the charges will fall over time. In an interview with CNBC, Bernstein analyst Harshita Rawat states that, by tracking the value of fees accrued by traditional stock market exchanges, it can be deduced that trading fees in the sector decreased over the last twenty years. Rawat predicts that the same phenomenon will occur in the crypto trading sector. “Right now, retail crypto trading, if you look at the fees there, I do believe that’s…

As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains – Markets and Prices Bitcoin News

Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after the recent Tesla controversy. Distributed ledgers that use delegated validation nodes and proof-of-stake (PoS) blockchains have made double-digit gains in recent days. Green Energy Gains: Cardano, Polkadot, and Polygon Shine As soon as Elon Musk…

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Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have rejected the potential negative impact of CME expiries, so far, the current year appears to validate the theory. Bitcoin’s price has been suppressed ahead of futures and options expiry in the first three months of…

Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden

Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility.  “We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in a number of meme coins such as Doge. “Those are kind of warning signs for the cycle”, she added. Alden said that with the bull run slowing down and growing risks of a correction, it makes sense for some investors to take some money off the…