Day: July 19, 2022

US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government

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The United States Department of Justice has seized and returned roughly $500,000 in fiat and crypto from a hacking group tied to the North Korean government, which included two crypto payments made by U.S. health care providers. In a Tuesday announcement, the Justice Department said in conjunction with the FBI it had investigated a $100,000 ransomware payment in Bitcoin (BTC) from a Kansas hospital to a North Korean hacking group in order to regain access to its systems, as well as a $120,000 BTC payment from a medical provider in…

Bitcoin Breaks Above $23K as Investor Fears Recede

At the moment, bitcoin traders appear to be taking the shift lightly, as BTC prices are up 3.93% intraday. In our view, few U.S. data points exist between now and the July 27 meeting that are likely to affect probabilities. Investors, however, are likely to monitor Thursday’s Initial Jobless Claims data. The current consensus estimate for initial claims is 240,000 versus actual claims of 244,000 for the prior week. We expect that higher-than-expected jobless claims will deter the Federal Reserve from increasing rates more than 0.75%. Source

How to invest in Bitcoin, Ethereum, and other cryptocurrency to double your profits

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Investing is the long-term strategy of buying and holding crypto assets for some time. Crypto assets are generally well suited to a buy-and-hold strategy. They are extremely volatile in the short term but have tremendous long-term potential for growth. The investing strategy requires you to identify more stable assets that will be around for the long term. Assets such as Bitcoin and Ethereum have been known to show a long-term price increase and can be considered a safe investment in this regard.…

Fintech and Bitcoin Payments Firm Zebedee Raises $35 Million From Kingsway Capital, Square Enix – Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Source claims 3AC’s Deribit exposure is worth much less than reported

Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit.  In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was described as “insolvent” and in need of being completely “wound up”  because “Its management cannot be trusted to retain any remaining assets for the benefit of creditors.” The documents also detailed 3AC’s remaining assets, which…

Ethereum To Reach $1,700 But By End Of 2022, According To This Survey

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Ethereum continues to trend to the upside and seems poised to break above $1,600, in the short term. This would place the second crypto by market cap on track to push north of $1,700 and reclaims its early 2022 levels. ETH’s price records important gains on the 4-hour chart. Source: ETHUSDT Tradingview Related Reading | Bitcoin Whale Exchange Inflows Still At Highest Ever Level, Will Recovery To $22k Be Lost? However, a recent survey published by Finder claims ETH’s price is far from hitting that price target. According to 54 industry…