Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm. Law enforcement authorities in Kyrgyzstan have reportedly detected an illegal cryptocurrency mining farm on the territory of a local free economic zone (FEZ). The State Service for Combating Economic Crimes, an anti-corruption service in the Kyrgyz […]
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North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash. North Korea-based cybercriminals are suspected to be using untraceable alternative cryptocurrencies, or altcoins, to convert stolen funds into cash. According to an NK News report, an unpublished United Nations Panel of Experts report states that North Korea-backed hackers have stolen approximately […]
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Pierce’s successful confirmation was announced on Aug. 6 in a statement from SEC Chairman Jay Clayton and fellow Commissioners. United States Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce has been confirmed for a second term, lasting through 2025. The news will be welcome for the crypto industry, as Pierce has, in the course […]
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Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets. Bitcoin’s (BTC) dominance relative to altcoins has fallen to its lowest point in 12 months, with the leading cryptocurrency representing 61% of the $359.5 billion combined cryptocurrency capitalization. Bitcoin’s dominance has slid from more than 67% […]
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An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption. Researchers at the Technical University of Munich are encouraging regulators to look beyond Bitcoin when it comes to considering the environmental impact of crypto mining. According to an Aug. 4 issue of […]
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Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable. Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a […]
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Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales. Applying economic cycle theory […]
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Top traders’ net exposure and institutional investors’ growing open interest in Bitcoin futures contracts show the market remains tilted toward bulls. Bitcoin (BTC) has been in a fairly strong bullish trend since mid-March when the price rebounded from the massive crash which saw the price drop as low at $3,600 on some exchanges. Regardless of […]
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New data shows Sunday evening is the best time to buy Bitcoin at a ‘discount’. Recent data shows that Sunday evening is the best time to buy Bitcoin (BTC) according to Capriole digital asset manager Charles Edwards. As shown below, historically, BTC saw higher returns on Sunday evenings into early Monday morning. Bitcoin shows higher […]
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$12,000 is firmly back on the cards as daily gains top 2.2% and Bitcoin erases the effect of its weekend plunge. Bitcoin (BTC) saw fresh gains on Aug. 6 as bulls refused to rest and the price steamed toward $12,000. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360 BTC price recovers $1,200 crash losses Data […]
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