A federal judge in California has sentenced a dual Chinese and St. Kitts and Nevis national in absentia to 20 years in prison for his role in a $73 million international crypto scam. Daren Li, who is a fugitive after having an electronic ankle monitoring device removed in December, was also sentenced to three years […]
About a week ago, Bitcoin BTC$69,164.00 fell more than 10% in one day to around $60,000 before rebounding to $70,000 in recent days. The question is: Did the slide mark a “capitulation,” when holders sold at a loss in panic, exhausting the bearish pressure and setting the stage for another bull run? The futures market
Not sure we’ve reached true capitulation in Bitcoin, says derivatives expert Read More »
For the first time in nearly a month, U.S. Bitcoin exchange-traded funds (ETFs) recorded back-to-back net inflows, ending a streak of redemptions that dated back to mid-January. According to SoSo value data, the shift in consecutive inflows began on Friday with $471.1 million in fresh capital, followed by $144.9 million on Monday. This comes as
US BTC ETFs see back-to-back inflows for the first time in a month Read More »
Bitcoin BTC$69,475.09 The sharp rebound from last week’s slide toward $60,000 was accompanied by a subtle but important shift in a closely watched gauge of U.S. demand. The Coinbase Bitcoin Premium Index – which tracks the price gap between bitcoin traded on Coinbase and the global market average – climbed sharply from deeply negative territory,
US Bitcoin Demand Signal Returns After Crash Read More »
Bitcoin BTC$69,794.85 The rebound after last week’s sell-off is already hitting a wall. After briefly slipping into the $60,000 mark during a capitulation move last week, the largest cryptocurrency returned to the $70,000 level over the weekend, but momentum has since faded. This stall causes traders to reframe the rebound as a classic bear market
BTC faces new resistance near $71,000 Read More »
Speaking on CoinDesk Live at the Ondo Summit in New York, former House Financial Services Chairman Patrick McHenry and White House advisor Patrick Witt said a broad crypto market structure bill could be passed within months. Latest developments: Optimism is growing in Washington and in the industry. McHenry and Witt discussed the growing momentum for
McHenry predicts quick crypto deal as Witt brokers discuss Read More »
The brief and partial shutdown of the US government put an end to the report on the employment situation which was expected on Friday; it arrives this week instead. Look for Wednesday’s flagship nonfarm payrolls report. The world’s largest economy is expected to have created 70,000 jobs last month, more than in December, while the
Coinbase, Robinhood Earnings, US Jobs Report: Crypto Week Ahead Read More »
Bitcoin miner Cango (CANG) completed the sale of 4,451 BTC over the weekend, raising approximately $305 million in USDT as it seeks to reduce leverage and reposition its business around artificial intelligence infrastructure. The company said it raised $305 million from the sale, suggesting an average sale price of around $68,524 per coin, not far
BTC miner sold more than half of its holdings Read More »
President Donald Trump’s American bitcoin BTC$70,533.82 the reserve does not yet exist and there is no mechanism within the federal government for bulk purchasing of crypto. Keep that in mind as you consider this weekend’s speculation about what price would cause the White House to hit a buy button, thanks in large part to CNBC
US government not ready to engage in bitcoin purchases, despite Jim Cramer rumor Read More »
Farcaster co-founders Dan Romero and Varun Srinivasan said Monday they are joining stablecoin-focused startup Tempo, signaling a move away from crypto-native social media and blockchain-based payments. The move follows last month’s acquisition of Farcaster by Neynar, a longtime infrastructure provider for the protocol that offers APIs and tools for developers building on the network. Farcaster
Dan Romero and Varun Srinivasan join Tempo Read More »
