Day: February 4, 2022

Bitcoin Exchange Balance Decreases, Price Jumps

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With outflows of approximately 43,000 Bitcoin in the last 10 weeks, BTC exchange supply has decreased to a record low level. Cryptocurrency exchanges now hold nearly 13.2% of the current BTC supply. On 10 November 2021, when the price of the digital asset touched an all-time high of $69,000, crypto exchanges were holding around 13.6% of the BTC supply. The latest number indicates that crypto whales have accelerated the movement of Bitcoin from trading platforms to digital wallets. โ€œBitcoin exchange balances have drawn down to multi-year lows, with a total…

‘Dutiful son’ drugs dad’s tea to access BTC funds worth $400K

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A father and sonโ€™s disagreement over crypto trading led to a near-death experience and some jail time. Because of a shift in crypto market prices, a son reportedly drugged his father to gain access to his Bitcoins.ย  The dad, who didnโ€™t want to be identified, made his son, Liam Ghershony, a partner in his crypto investing account worth $100,000 back in 2018. After some time, the fund grew and reaped $350,000 in profits, according to the duo. However, things changed when crypto prices fell, and the sonโ€™s drug use became…

New gold-based stablecoin by trading giant Mitsui reportedly on the way

Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday. Called ZipangCoin (ZPG), Mitsuiโ€™s new digital currency will reportedly be issued as early as February and will be available to retail investors through cryptocurrency exchanges. The stablecoin will be linked to gold prices at yen-denominated prices by Mitsui from the London Metal Exchange, with one ZPG valued equivalent to one gram of gold and guaranteed by Sumitomo Mitsui Banking. According to the report, the new gold stablecoin will be…

IS THE BITCOIN BOTTOM IN?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Is Bitcoin bearish or bullish? How are the markets looking right now? Is the Bitcoin bottom finally in? Let’s take a look at the charts! ———————————————————————————————————————– Subscribe to our Eight Global-newsletter: Where do I buy my Bitcoin and crypto? My primary exchange is Bitvavo. No trading fees on the first โ‚ฌ1000 + staking possibilities: Want to improve as a trader? Check out: ๐ŸฆTWITTER: ๐Ÿ“ธINSTAGRAM: ๐ŸซDISCORD PRIVATE GROUP: โš ๏ธ Disclaimer: Everything I say and do in my videos is for educational and informational…

Bitcoin price bounces after Amazon stock gains 15% in US tech comeback

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Bitcoin (BTC) recovered much of its recent losses on Feb. 4 but concerns remained that a retest of $30,000 was incoming. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $38,600 remains focal pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to $38,000 Friday, up over 2% in 24 hours. The pair saw a strong comeback overnight after suffering at the hands of U.S. stock sellers for two days straight. A similar turnaround for tech stocks later on Thursday, with Amazon gaining 15%, set the stage for Bitcoin to…

Central Bank of Ecuador Might Regulate Cryptocurrencies This Year โ€“ Bitcoin News

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The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing crimes such as money laundering. Central Bank of Ecuador Has Eyes Set on Crypto The Central Bank of Ecuador is planning to prepare and issue cryptocurrency-related regulations this year. The announcement was made by Guillermo Avellan, manager of the Central Bank in an…

Nike takes seller of unlicensed NFT sneakers to the court

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Popular sneaker maker Nike has started the “licensed NFT” wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers. According to a Reuters report, Nike has filed a lawsuit against the reseller in the New York Federal court demanding an undisclosed amount in damages and a halt of sales on such virtual collectibles. StockX reportedly started selling Nike sneaker NFTs in January and promised buyers they can redeem the real-world version of the sneakers in the near future. Nike…

Was ist eine BLOCKCHAIN?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Inhalt ๐Ÿ“š Blockchain – neben KI eines der grรถรŸten Hype-Themen der letzten Jahre. Viele reden darรผber, doch die meisten wissen nur bedingt, worรผber sie da eigentlich reden. Das merkt man oft daran, dass sie Begriffe wie “Bitcoin” oder “Kryptowรคhrungen” synonym zur Blockchain verwenden oder immer von DER EINEN Blockchain reden. Es stimmt zwar, dass die Themen “Bitcoin” und “Kryptowรคhrungen” sehr nah beieinanderliegen, doch “Bitcoin” ist NICHT gleich Blockchain. Zudem gibt es nicht DIE Blockchain, sondern mehrere. In diesem Video mรถchte ich dir…