Day: November 17, 2024

Helix Founder Sentenced For Laundering $300 Million In Bitcoin

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Este artículo también está disponible en español. Larry Dean Harmon of Ohio was officially sentenced Friday for running the darknet crypto mixer Helix over allegations that he had processed over $300 million worth of crypto tokens from 2014 to 2017. Related Reading Harmon gets a three-year sentence, in addition to forfeiture of assets up to $400 million, for his role in laundering over $300 million worth of Bitcoin tokens for darknet’s drug markets. According to US authorities, Harmon used the platform to help launder the drug dealers’ funds, facilitating the…

Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation

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Este artículo también está disponible en español. Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive…

Rogue-Lite Adventure Meets Player-Driven Economy in Etherscape

Join Regina as she uncovers the allure of this dungeon-crawling sensation dominating charts just days after its release. Last Episode’s Quick Recap Portal Fantasy – an exciting new Web3 game blending traditional RPG mechanics with blockchain elements. Players can explore vast, vibrant worlds as Portals (adventurers) or engage as Architects (world-builders), crafting immersive game experiences. […] Source CryptoX Portal

Analyst Says The Party Is Just Getting Started

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Este artículo también está disponible en español. Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints a very bullish picture of the Bitcoin price. Based on this, the analyst remarked that the party was just getting started, indicating that the flagship crypto is likely going much higher.  Bitcoin Golden Ratio Multiplier Indicates Price Is Going Higher In an X post, CryptoCon highlighted how the Bitcoin Golden Multiplier Ratio indicates that the price is going much higher. He cited level 5 of the Golden Ration…

Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high

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Chinese electric vehicle manufacturer Kaixin is looking for a strategic shift with plans to acquire a controlling stake in a Middle Eastern cryptocurrency mining operation. The announcement depicts a major jump and diversification from its traditional automotive business. Kaixin in advanced stages of acquisition According to Kaixin’s press release, the Beijing-based company is in advanced stages of evaluating the potential acquisition. The target operation features cost-efficient Bitcoin mining machines and provides comprehensive cloud hosting services to meet growing industry demand. Kaixing stated that the facility’s key advantage lies in its…

Bitcoin ETF options coming ‘soon’ following CFTC clearance 

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The U.S. Commodity Futures Trading Commission issued an advisory through its Division of Clearing and Risk stating it would no longer have a role in clearing Bitcoin ETF options. The agency is transferring this responsibility to the Options Clearing Corporation, according to a prepared statement. “[..] In light of relevant precedents in the courts, it is substantially likely these spot commodity ETF shares would be held to be securities. Therefore, DCR’s position is the listing of these shares on SEC-registered national securities exchanges does not implicate the CFTC’s jurisdiction.” CFTC…

Bitcoin ETF outflows slow down, $100k BTC still in sight

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Spot Bitcoin exchange-traded funds recorded two consecutive outflow days as the top cryptocurrency corrected almost 3% after the U.S. Federal Reserve hinted that further interest rate cuts might not be coming. After three consecutive inflow days bringing in over 2.43 billion between Nov. 11 and Nov. 13, the weekly inflows were offset by two consecutive outflow days. On Nov. 14, Bitcoin ETF products saw their third-largest outflow since launch, with approximately $400.7 million withdrawn. Outflows eased the following day as BTC rebounded from support near $87,500, with $239.6 million exiting…

Bitcoin MVRV Hits Critical Threshold For Profit Taking – What Does This Mean?

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Bitcoin recorded another remarkable price performance in the past week, gaining by 19.16% according to data from CoinMarketCap. The crypto market leader established a new all-time high at $93,434 on Wednesday, as odds of achieving a six-figure market price by year’s end are now higher than before.  Amidst the current market euphoria, CryptoQuant analyst Amr Taha has shared some market insights that may indicate an impending price fall. Bitcoin Enters Profit-Taking Zone – Sell Or HODL? In a Quicktake post on Friday, Amr Taha stated many investors may be preparing…

Renowned Investor Jim Rogers Warns ‘America First’ Policy Will Trigger ‘Biggest Recession Ever’

Jim Rogers warns Trump’s “America First” trade policies could ignite the “biggest recession ever,” fueled by spiraling U.S. debt, inflation, and trade restrictions. Jim Rogers Warns ‘America First’ Approach Will Trigger Worldwide Economic Turmoil Renowned investor Jim Rogers, who co-founded the Quantum Fund with George Soros, issued a stark critique of the economic fallout tied […] Source CryptoX Portal