Day: July 19, 2022

What happens to my funds if a crypto exchange goes bankrupt?

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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending firms Celsius and Voyager Digital filed for bankruptcy this month, leaving users’ assets trapped inside their platforms. Both firms froze client accounts after an influx of withdrawals led to liquidity issues. Celsius operated much like…

The Cryptocurrency Billionaires Of 2021's Digital Gold Rush | Forbes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It’s a digital gold rush. The surge in the value of Bitcoin and other cryptocurrencies pushed nine new crypto billionaires onto the Forbes list. As the cryptocurrency market grows, so does the industry’s three comma club. When the U.S. economy tanked in March 2020, panicked investors dumped stocks and risky assets for cash and treasuries. Bitcoin’s price fell 50% in a day, and other cryptocurrencies followed as the public braced for the unknown. Twelve months later, the prospect for digital assets has…

Crypto Miner Marathon Secures 200MW Energy Capacity from Applied Blockchain

Bitcoin miner Marathon Digital Holdings has announced the completion of a deal with Ethereum and altcoin mining company Applied Blockchain to secure at least 200 megawatts of energy capacity. The deal with the hosting provider comes with an option to extend the energy capacity to 270 megawatts. The announcement added that the company would release about 66,000 previously purchased miners, which represents a hash rate of 9.2 exahash per second (EH/s) across two hosting facilities. The deal adds additional 42 megawatts of hosting capacity that the bitcoin miner has already…

Ethereum Rally Takes Breather But Dips Remain Attractive

Ethereum extended its rally above the $1,550 resistance against the US Dollar. ETH is correcting gains but dips might find bids near $1,460. Ethereum gained bullish momentum and even surpassed the $1,550 resistance. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to gain pace if there is a clear move above the $1,600 zone. Ethereum Price Extended Rally…

Ethereum Pushes Above Vital Resistance, Could Soon Revisit $1500

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The bulls for Ethereum are back on the chart, the altcoin has appreciated over the last 24 hours. Bitcoin’s northbound movement has helped Ethereum gain some of its lost value. Other altcoins have also followed a similar trading pattern. Ethereum recently touched the $1500 mark but at press time, the coin was placed slightly below the aforementioned level. In the past week, Ethereum registered close to 30% increase in its value. The new week has made market movers trade in the green. With consistent increase in price, Ethereum left behind…

Crypto News Today Bitcoin price prediction crypto market today

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Coinbase Obtains Regulatory Approval to Provide Crypto Services in Italy – Regulation Bitcoin News

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Nasdaq-listed cryptocurrency exchange Coinbase has obtained regulatory approval to offer crypto services in Italy. “Coinbase is committed to bringing the power of our full product suite to customers across Europe,” the company said. Coinbase Approved in Italy Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Monday that it has secured regulatory approval to provide crypto services in Italy. The company’s vice president of International and Business Development, Nana Murugesan, explained in a blog post: Today, we’re able to announce a key milestone … securing approval from Italian regulators to provide ongoing crypto…

Celsius lawyers claim users gave up legal rights to their crypto

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Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers. At the first bankruptcy hearing for Celsius on July 18, lawyers from the Kirkland law firm led by Pat Nash detailed how retail users with Earn and Borrow accounts transferred the title of their coins to the firm as per its terms of service (ToS). As a result, Celsius is free to “use, sell, pledge, and rehypothecate those coins” as it wishes. Terms…

Bitcoin Price Smashes Resistance, Why $23K Could Be Next

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Bitcoin gained pace above the $22,000 resistance against the US Dollar. BTC could rise further towards $23,000 if it stays above the $21,500 support. Bitcoin is up over 5% and there was a move above the $22,000 resistance zone. The price is now trading above the $21,800 level and testing the 100 hourly simple moving average. There is a key connecting bullish trend line forming with support near $21,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to rise if it clears…

Oil Companies Are Mining Bitcoin!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Exxon Mobile is going to be a BIG player in the mining of BTC. SoFi is the exclusive partner app of The Best Business Show. Visit for more info and start investing today Subscribe to the NEW Best Business Show Live Channel. This channel will only be clips from the show only going forward The Best Business Show Is LIVE 11AM-1PM EST Monday – Friday discussing Bitcoin, Finance, Crypto & everything in between. Check out our Store! Pomp writes a daily letter…