Month: January 2023

Tucker Carlson outlines wild theory to explain Bitcoin price rise: ‘Maximum tin foil’

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Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price. He suggested the computer outage behind the widespread delays may have been caused by ransomware and theorized the US Government may have bought a large amount of Bitcoin to pay the ransom. However he did not provide any evidence for his claims. Speaking on his “Tucker Carlson Tonight” segment of Fox News on Jan. 17, Carlson argued that…

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn – Bitcoin News

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On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions Amid the crypto market downturn, global asset manager Hashkey Capital announced the closing of a new fund, “Hashkey Fintech Investment III,” after raising $500 million. According to Hashkey, the fund “received strong support from institutional investors…

Ethereum Price Remains Supported For A Fresh Increase Above $1,600

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Ethereum is consolidating gains above $1,500 against the US Dollar. ETH could start another increase and clear the $1,600 resistance zone in the near term. Ethereum is showing positive signs above the $1,500 and $1,520 resistance levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a downside break below the $1,515 support. Ethereum Price…

Bitcoin Price Faces Key Challenge and At Risk of Downside Correction

Bitcoin price is facing a major hurdle near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,500 support zone. Bitcoin seems to be facing a major challenge near the $21,450 and $21,500 levels. The price is trading above $20,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $21,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $20,800 and…

Number of devs increased during crypto winter: Electric Capital report

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The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite…

BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt – Regulation Bitcoin News

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Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches and at the same time work to improve the existing monetary system in the public interest,” they advised. BIS Economists Discuss Crypto Policies The Bank of International Settlements (BIS) published a bulletin last week titled “Addressing the risks in crypto: laying out the options.” Authored by BIS economists Matteo Aquilina, Jon Frost, and Andreas Schrimpf,…

Coinbase up 69%, MicroStrategy up 74% since lows

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The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023. The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17. Coinbase’s share price for the last month. Source: Yahoo Finance The rising share price will likely be accompanied by a huge sigh of relief for…

‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come

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Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary. O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange, told Kitco anchor David Lin in a Jan. 17 interview that the collapse was just one in a long line of “unregulated exchanges” likely to fail: “If you’re asking me if there’s going to be another meltdown to zero? Absolutely. 100% it’ll happen, and it’ll keep happening over, and over and over again.” Unregulated exchanges…