Tag: Report

BTC Drops Below $20,000 Ahead of US Nonfarm Payrolls Report – Bitcoin News

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Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report. September’s payrolls are expected to come in at 250,000 jobs, with many believing that we could likely see the report come in better than expected. BTC/USD…

South Korean judge dismisses warrant for individual involved in Terra collapse: Report

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In his decision to dismiss the warrant, the judge reportedly considered that Yoo Mo had a residence and family ties in South Korea and was already barred from leaving the country. The warrant for Yoo Mo, the head of the business team of Terraform Labs, has reportedly been dismissed less than 48 hours after it had been issued. According to an Oct. 6 report from South Korea’s Yonhap News Agency, Judge Hong Jin-Pyo of the Seoul Southern District Court said it was difficult to see the “necessity and significance” of…

Bitcoin Long-Term Holder Supply Reaches An All-Time High Of 13.7M – ARK Invest Report

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Ark Invest published its monthly Bitcoin report, detailing several bullish signs for the asset and the general market. It notes that Bitcoin is in oversold condition, and the asset might have reached a strong bottom, pointing to Bitcoin’s short-term-holder cost basis crossing below the long-term-holder equivalent for the first time since late 2018. Bitcoin’s long-term holder supply reached an all-time high of 13.7 million BTC, accounting for 71.5% of the outstanding supply. Ark Invest has released its monthly Bitcoin report, and some of the statistics in the report indicate a…

South Korea Arrests Terra’s Head of General Affairs Yu: Report

The Terra ecosystem imploded earlier in the year, leading to a subsequent market crash and a wave of related bankruptcies. The collapse lead to a worldwide debate on cryptocurrency regulation and stablecoins. Recently, South Korean authorities have issued arrest warrants for Terra co-founder Do Kwon and his inner circle on multiple charges. Source

Taliban had a ‘massive chilling effect’ on Afghan crypto market: Report

The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report. Blockchain analytics firm Chainalysis in an Oct. 5 report stated the Middle East and North Africa (MENA) region saw the largest crypto market growth in 2022 but noted that Afghani crypto dealers had three options: “flee the country, cease operations, or risk arrest.” The report states after the Taliban seized power in August 2021, crypto value received in August and September that year spiked to…

Crucial US Jobs Report Could Test Fed’s Resolve, Bitcoin’s Resilience

CryptoX – Cryptocurrency Analysis and News Portal Friday’s Employment Situation report, scheduled for release at 8:30 a.m. by the Labor Department’s Bureau of Labor Statistics, will likely show a similar weakening in the job market, surveys show. According to FactSet, economists expect an increase of 250,000 jobs in September, in a slowdown from the 315,000 reported for the month prior. Source The post Crucial US Jobs Report Could Test Fed’s Resolve, Bitcoin’s Resilience appeared first on CryptoX. CryptoX Portal