Month: March 2023

Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

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Bitcoin (BTC) approached a key weekly close on March 19 with traders concerned about a retest of lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls must “step in” to protect $26,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp. After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher. This led market participants to weigh the likelihood of Bitcoin returning to test support. “Holding my long position while we are above $25,500, but ultimately…

Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review – The Weekly Bitcoin News

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Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more ‘fake money’ being injected into the U.S. economy. In related news, former member of the U.S. House of Representatives and Signature Bank board member, Barney Frank, said he suspects regulators meant to send an “anti-crypto message” in regards to the bank’s recent failure. All…

SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse

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Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down with allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Before FTX collapsed, a leaked email exchange with a top regulator allegedly showed SBF’s intent to get the exchange federally regulated. On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg received an invitation to meet SBF on June 13, 2022, the Washington Examiner reported. The…

SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated. On May 28, 2022, nearly six months before FTX filed for bankruptcy and SBF resigned as the CEO, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg received an invitation to meet SBF on June 13, 2022, Washington Examiner reported. The…

Mask Network surging, MASK rallies 114% in 7 days

Mask Network’s native token, MASK, continues to retain an uptrend, recently posting sharp gains. When writing on Mar. 18, the token is changing hands at $6.19 per data from CoinMarketCap, a coin tracker. MASK price action MASK is in green, reading from the performance in the daily chart. The token rose from about $4.44 to $6.41 in the past 24 hours, surging over 40%. Mask’s 7-day price action | Source: CoinMarketCap Meanwhile, the token swung from bearish to bullish in the last trading week. As of Mar. 12, MASK traded at $2.8…

Advanced Cryptocurrency Investing Strategies: Master the Art of Crypto Investments

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Cryptocurrency has taken the world by storm in the past few years, with its decentralized nature, borderless transactions, and the potential for significant returns. As the world of digital currencies continues to expand and mature, it’s essential for investors to stay informed about the latest trends, techniques, and strategies. In this blog post, we will dive into advanced cryptocurrency investing strategies to help you optimize your portfolio and achieve your financial goals.   The Foundations of Cryptocurrency Investing Before diving into advanced strategies, it’s essential to understand the foundations of…

U.S. Banking Cutoff Presents Opportunities for Crypto in Europe

When it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges. Source BankingCryptoCutoffEuropeOpportunitiesPresentsU.S CryptoX Portal

Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA – Regulation Bitcoin News

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The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial Authority Says Cryptos Are Difficult to Fathom, Vulnerable to Fraud Most countries in the West are “tightening the reins” on crypto but a total ban is “difficult to imagine”, the Chair of the Dutch Authority for the Financial Markets (AFM), Laura van Geest,…

Euler Finance hacker sends 100 ETH to red-flagged North Korean address

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Ever since Euler Finance fell victim to the biggest decentralized finance (DeFi) hack of 2023, the crypto community closely follows the $197 million loot on-chain — hoping to track down the attacker. Out of the series of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly sent to an address associated with North Korea-linked actors. Blockchain investigator Chainalysis identified 100 ETH from Euler’s stolen funds was transferred to an address that was flagged in an older hack with links to North Korea. 100 ETH stolen in…