Day: June 21, 2023

Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

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The government of China had been trying hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have been far off the mark. The original crypto currency has gained as much as 36% since official statements a year ago that it would become worthless. Amid a wild bear market of 2022, the Chinese government attempted to capitalize on a massive market decline, warning crypto investors that Bitcoin prices were “heading to zero.” Exactly one year ago, the Chinese national news media agency Economic Daily…

Arpa’s Privacy Network Goes Live on Ethereum Mainnet

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Binance to Implement Lightning Network Nodes to Boost Bitcoin Transactions

Binance is working towards the full integration and implementation of the Bitcoin Lightning Network to ensure smooth customer experience for deposits and withdrawals. On Tuesday, June 20, the world’s largest crypto exchange Binance announced that it has started operating nodes on the Bitcoin’s Layer-2 scalability platform aka Lightning Network. Binance said that it would be a crucial step towards integrating deposits and withdrawals on the crypto exchange. Binance confirmed its presence on the Lightning Network through a tweet while acknowledging users who noticed it. However, it added that some technical…

Fake Trezor App Appears on Apple App Store but Is Already Revomed

Trezor recorded a similar experience concerning a malicious app in 2021. A fake Trezor app “Trezor Wallet Suite” has appeared in the Apple App Store. The app is a counterfeit version of the advanced crypto hardware wallet and can potentially put users at risk. A Twitter user and partner at The Crypto Lawyers, Rafael Yakobi, called the public’s attention to the fake Trezor app appearing on the App Store. Later it has become known that Apple removed this application from its store. Fake Trezor App According to the tweet, the fake app is…

Bitcoin approaches $29k as long-term HODLers reach new ATH

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s (BTC) price reaches a six-week high as data shows that the number of long-term holders — including lost wallets — advances to a new all-time high (ATH). The asset’s price has been tumbling over the past month, especially when the US Securities and Exchange Commission (SEC) took legal action against Binance and Coinbase. On June 5, the BTC price took a deep dive from $26,750 to $25,500 after the FUD, compelled by the SEC, emerged.…

Bitcoin ETF impulse fuels ‘fantastic’ $29K BTC price breakout

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Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost. BTC/USD 1-hour chart. Source: TradingView Analyst: $29,000 becoming fakeout “very unlikely” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $29,014 on Bitstamp — its highest since May 7. The pair enjoyed continued buyer interest overnight, this coming on the back of multiple announcements concerning new Bitcoin-focused institutional investment products. This is not a short squeeze, but someone(s) is just buying $BTC a lot. I repeat. This is not a short squeeze, but someone(s)…

Whales Withdraw Over $150,000,000 in Ethereum (ETH) From Crypto Exchanges Binance and Kraken: On-Chain Data

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Three crypto whales withdrew more than $150 million worth of Ethereum (ETH) from the crypto exchanges Binance and Kraken in the past week. All three addresses were newly created wallets, according to the blockchain tracker Lookonchain. The first whale withdrew 35,860 ETH worth more than $64 million from Binance across a series of transactions. The second pulled out 27,000 Ethereum worth more than $48 million from Binance across four withdrawals. And the third wallet withdrew 23,660 ETH worth more than $42 million from Kraken across five transactions. The withdrawals could…