Month: May 2024

10x Research Reveals Next Steps From Here

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Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves the flagship crypto might make soon enough.  What Next For Bitcoin? In their newsletter titled “Fake Dip?” 10x Research drew the crypto community’s attention to the fact that Bitcoin has historically experienced potential rallies whenever its relative strength index (RSI) drops to 40%. As such, there is the possibility that BTC could again rally following its recent decline.  The research platform warned that…

Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’

Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.” Robert Kiyosaki’s […] Source CryptoX Portal

Block Is Buying Bitcoin Every Month for Its Balance Sheet

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Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around […] Original

Analyst Says Bitcoin Price Is Headed To $90,000, Here’s Why

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Bitcoin is now at a critical junction, which many determine its price trajectory for the rest of the year. The crypto has managed to return into $60,000 territory after dropping down to $56,000 for the first time since April. Some analysts are of the notion that the Bitcoin bulls haven’t actually started on their momentum yet, with many expecting a surge above $74,000 in the coming weeks.  According to a crypto analyst, impulse waves formed by Bitcoin over the past 1.5 years are indicating that the price of Bitcoin will…

Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development

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According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development Nonprofit Opensats Receives $21M From Dorsey’s #Startsmall On May 3, Opensats disclosed receiving a $21 million contribution from Jack Dorsey’s […] Original

BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Charges

According to a press release from the U.S. Department of Justice, Alexander Vinnik, a former operator of the BTC-e exchange, has admitted to a conspiracy to launder money. This admission of guilt comes over six years following his arrest in Greece on July 25, 2017. BTC-e’s Vinnik Pleads Guilty to Money Laundering The Department of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Technical Indicators Hint At Sustained Uptrend

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MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level.   Following the recent bullish trend of the crypto market, MATIC has not been left behind as the price has been on an uptrend with very strong momentum for a while now. Since its last rejection…

Snowden Issues ‘Final Warning’ to Bitcoin Developers on Privacy Enhancements

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In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out for enhancing privacy and insists it must be integrated at the protocol level. […] Original

Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom

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Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local low and predicted what its future trajectory will look like.  Hayes Says Bitcoin Has Bottomed  In a recent blog post, Hayes mentioned that Bitcoin hit a local low when it dropped to around $58,600 earlier this week. As such, he doesn’t foresee the flagship crypto dropping below that price range again anytime soon. Instead, he predicts that Bitcoin will rally above…

BTC-e founder pleads guilty to laundering stolen Bitcoin

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Alexander Vinnik, co-founder of the now-defunct crypto exchange BTC-e, admitted to conspiring to launder money, marking a significant development in a long-standing legal saga. Vinnik’s guilty plea comes in the wake of a broader investigation that unearthed extensive illegal activities on the exchange from 2011 to 2017. BTC-e: Conduit for laundering funds In a May 3 press release, the U.S. Department of Justice (DoJ) revealed that at the time Vinnik was at the helm of BTC-e, the exchange processed no less than $9 billion in transactions and amassed a global…