Month: January 2024

Lazarus withdraws $1.2m Bitcoin from crypto tumbler

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Notorious cybercriminal group Lazarus seems to be moving stolen Bitcoin after siphoning over $600 million from crypto protocols and users in 2023.  The North Korean-funded hacker organization withdrew some 27.3 Bitcoin (BTC) worth an estimated $1.2 million from an unidentified crypto mixer. Per Arkham Intelligence data, Lazarus cashed out its ill-gotten BTC over two transactions on Jan. 8. A Lazarus wallet received 10 BTC valued at $440,000 and 17.3 BTC worth $762,000 from a contract address. Shortly thereafter, the receiving address transferred 3.3 BTC to another address holding just under…

Analyst Says Expect A Decline To $30,220 If Bitcoin Loses This Support

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An analyst has explained how a decline to $30,220 or below could happen for Bitcoin if the strong support range below the current price gets lost. Bitcoin Has Strong Support Between $42,560 And $43,245 Right Now In a new post on X, analyst Ali has discussed how Bitcoin is floating above a strong on-chain support wall currently. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of Bitcoin that was last purchased at said level. This is because the investors…

Indian Crypto Platforms Flourish Amid FIU IND’s Foreign Exchange Notice

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Indian cryptocurrency exchanges and investment platforms, including CoinDCX and Mudrex, are experiencing a substantial uptick in deposits and a surge in new users following the issuance of compliance show cause notices to foreign exchanges, including Binance and eight others, by the Financial Intelligence Unit India (FIU IND). CoinDCX, one of India’s leading crypto exchanges, reported an astonishing 2,000% increase in crypto deposits in less than a week after the notice was issued. Meanwhile, Mudrex, an investment platform, received deposits exceeding $1 million and added a remarkable 10,000 new users to…

As Crypto World Watches for Spot Bitcoin ETF, SEC Chair Gensler Says (Again) Sector is Dangerous

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“Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws,” Gensler posted, advising his followers that there are a number of things to keep in mind about cryptocurrencies. “Fraudsters continue to exploit the rising popularity of crypto assets to lure retail investors into scams,” he added in another post. Original

Bitcoin about to hit parabolic trigger

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Crypto Capital Venture, a YouTube analyst with 351,000 subscribers, reports that what is currently happening with the spot Bitcoin ETF is a historic moment for the asset’s price. According to the Jan. 7 video, the analyst shares that if Bitcoin (BTC) closes a candle above $47,000 before the halving in April, it might be on an early parabolic bull move, unlike anything the market has seen before, despite Bitcoin having reached these levels before. The spot Bitcoin ETF is a massive move for all crypto in the long-term shares the…

Bitcoin futures and implied volatility soars as the SEC’s ETF deadline closes

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According to analysis from GreeksLive, there is a strong market sentiment expecting the ETF to pass, reflected in Bitcoin’s price surge to short-term highs of $45,000. GreeksLive, a leading trading analytics platform,  highlights the increasing implied volatility (IV) in the options market, a key indicator of market expectations and uncertainty. The at-the-money (ATM) option IV, expiring on Jan. 12, has reached a staggering 110%, while the IV for the 11th has surpassed 120%. This significant rise in IV, nearly 20% following recent deliveries, underscores the market’s heightened anticipation. The results…

Crypto Exchange Upbit Gets Full Licensing in Singapore

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Analyst Predicts $570 Billion Inflow Amid Bitcoin Spot ETF Approval

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Scott Melker, a cryptocurrency analyst and advocate has pointed out a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). Bitcoin Might Be Poised For $570 Million Inflow The crypto analyst shared his projections with the entire cryptocurrency community on the social media platform X (formerly Twitter). Melker proposed that $570 billion could be invested in a Bitcoin ETF, representing just 0.5% of the overall assets managed by Registered Investment Advisors (RIAs). In the X post, Melker pointed out that the overall assets managed by RIAs…

Bitcoin regains $45,000 amid ETF chatter

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Bitcoin hit $45,000 as exchange-traded fund enthusiasm fuels newfound market enthusiasm. Bitcoin 7-day price chart | Source: CoinMarketCap As of press time, Bitcoin (BTC) is trading at just over $45,000 after its price increase by 5.6% over the last 24 hours. The coin’s price is seeing positive volatility as exchange-traded funds (ETF) and Bitcoin dominate the crypto discourse — according to hourly social media tracking data gathered by Santiment. Daily social media trending tokens data from Santiment also indicates that Bitcoin tops the charts and accounts for 5.4% of all…