Month: March 2024

Bitcoin Price Faces Big Move – Can Bulls Send BTC To $75K?

Bitcoin price is holding gains above the $70,000 resistance. BTC is now showing positive signs and might aim for a move above the $73,000 level. Bitcoin price extended its increase and tested the $73,000 zone. The price is trading above $71,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $72,850 and $73,000 resistance levels. Bitcoin Price…

Washington Court Convicts Bitcoin Fog Founder of Aiding Darknet Drug Trade Money Laundering

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In a recent development, the founder of “Bitcoin Fog,” a cryptocurrency-mixing service, was found guilty by a federal jury in Washington of helping to launder tens of millions of dollars from darknet markets notorious for illegal drug sales. Multi-Million Dollar Crypto Money Laundering Case According to a Bloomberg report, Roman Sterlingov, a 35-year-old Russian-Swiss national, was convicted by a jury on multiple counts, including conspiring to money launder, money laundering, and failing to register a money transmitting service. The prosecution argued that Bitcoin Fog facilitated over $400 million in untraceable…

Robert Kiyosaki Warns Biggest Bubble in History Will Wipe Out Boomers — Advises Buying ‘Real Assets’ Like Bitcoin

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Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest bubble in history will wipe out baby boomers, emphasizing that the stock market is set to crash. “Time to get real is now,” he stressed, urging investors to buy “real assets” like gold, silver, and bitcoin “before the biggest bubble in history goes […] Original

Shiba Inu Whales Are Accumulating SHIB, Do They Know Something You Don’t?

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Shiba Inu (SHIB) whales have been busy in the market lately, as on-chain data suggests that they are positioning themselves for more moves to the upside from the meme coin. This development comes as the crypto token inches close to its all-time high (ATH).  Shiba Inu Whale Accumulates 332 Billion SHIB Tokens On-chain data shows that over 332 billion SHIB was sent from the trading firm Cumberland to a wallet linked with the crypto trading platform Robinhood. While the nature of the transaction remains unclear, further data from Etherscan shows…

Blackrock’s Spot Bitcoin ETF Holdings Near 204K BTC as Demand Soars

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Blackrock, the world’s largest asset manager, has hit a significant milestone with its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). The fund’s crypto holdings have reached nearly 204K bitcoins, representing over $14.76 billion in assets under management (AUM). IBIT’s Bitcoin Holdings Continue to Grow Blackrock’s Ishares Bitcoin Trust (IBIT), the world’s largest […] Original

Coinbase (COIN) Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying MicroStrategy’s (MSTR) BTC Playbook

Issuers use these hedges with convertible debt to prevent dilution to existing shareholders, even when their share price rises above the conversion price, though they have to pay a fee. During its breakneck rally, fitness company Peloton famously raised $1 billion in convertible debts in 2021, including a capped call option. “The capped call transactions will cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes,” Coinbase said. Source

After Exit Scam, Incognito Darknet Market Operators Now Threaten User Data Leak in Extortion Twist

Numerous accounts have recently revealed that shortly after the darknet market (DNM) Incognito apparently conducted an ‘exit scam,’ its operators have now informed their clients and merchants they are facing extortion. The team behind Incognito claims possession of crypto asset transaction logs and archived conversations from its users, warning that this information will be leaked […] Source CryptoX Portal

Getting Cheaper, Getting Higher? Ethereum Dencun Upgrade And The Potential For ETH To Rise Back Above $4,000

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The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features in various areas.  Ethereum Dencun Upgrade As highlighted in a recent Bloomberg report, Dencun aims to reduce the cost of Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by enabling previously costly…

Analyst Predicts Bitcoin Will Hit $150,000 by 2025 as Green Bitcoin is Backed to Explode

Bullish predictions are sweeping the crypto market as analysts anticipate another massive upswing for Bitcoin (BTC) soon. Wall Street giant AllianceBernstein recently projected that BTC could skyrocket to $150,000 per coin by 2025. Meanwhile, the eco-friendly Green Bitcoin (GBTC) presale project is also generating buzz, with traders forecasting substantial gains once listed on exchanges. Wall […] Source BitcoincryptoexchangeExchanges CryptoX Portal