Day: June 22, 2022

Bitcoin Steady Above $20K After Drop To $17K

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After a weekend in which Bitcoin (BTC) experienced realized losses to the tune of $7.3 billion, the largest cryptocurrency has erased all weekend losses and is up over 8 percent to $21,206 in the last 24 hours. Bitcoin has risen almost 22 percent since Saturday’s low of $17,592, and is currently trading around $21,000. The BTC price increased more than 4 percent to $20,882, Coin Metrics data showed Tuesday. Over the weekend, Bitcoin reached a low of $17,959. It had not been lower since December 2020. On Wednesday, Bitcoin climbed after a…

Chainalysis Launches 24/7 Hotline for Crypto Crime Victims

The Crypto Incident Response hotline will function 24/7, and victims will be paired with a team of investigators from Chainalysis who will trace and label the funds in Chainalysis’ program. If funds have already been transferred or stolen, the Chainalysis team will “help liaise with law enforcement and asset recovery counsel.” Source

Voyager Digital Requests Loan Repayment From 3AC, Considers Issuing Default Notice

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Inside an 18 Year Old’s Crypto Mining Warehouse

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: Inside a 18 Year Old’s Crypto Mining Warehouse Description: In this video we hear the story of Dason Thomas. By the age of 18 he has $200,000 invested in stocks, a 6 figure crypto mining company, and a duplex he rents out cash flowing $1400 every month. If you guys enjoyed this episode hearing Dason’s come up story drop a like! 3333 likes and…

Crypto Investors Are Adherents of the Greater Fool Theory – Emerging Markets Bitcoin News

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The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.” A ‘Very Scary’ Investment Strategy The new governor of Bangko Sentral ng Pilipinas (BSP), Felipe Medalla, has claimed that bitcoin investors only buy the cryptocurrency because they are convinced that someone else will buy the same digital asset at a higher price.…

Ethereum’s Gray Glacier (or How I Learned to Stop Worrying and Love the Difficulty Bomb)

“The second reason [for the Difficulty Bomb] – and this is one I think is probably way underrated – is the idea that it makes it a bit harder to create a scam fork of Ethereum,” Beiko said. “Two years or three years ago, there was, like, Bitcoin Diamond, Bitcoin Unlimited, Bitcoin Gold, all these forks of forks of forks. The reason in large part you don’t see those on Ethereum is because they require not only a one-line change – like a lot of these Bitcoin forks do –…

Meet the Snoop Dogg impersonator who walked around NFT.NYC

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A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to bring fun to the event, there were some mixed reactions from the online community.  In a tweet, Kevin Collier shared his encounter with the fake Snoop Dogg at the NFT event at Times Square. According to Collier, the guy who dressed up as the well-known rapper was not really Snoop Dogg, but rather an impersonator that was hired to “drum up excitement.” Collier added…