Bloomberg Analyst Warns Crypto Faces a Lose-Lose Scenario
Mike McGlone stressed that, since 2017, crypto has been performing poorly with increasingly high volatility levels, and that the reason behind this behaviour could be linked to a hawkish turn by the Federal Reserve and an overstretched SPX index valuation. McGlone Warns About Crypto’s Demise As The Fed Turns Hawkish Mike McGlone, Senior Commodity Strategist […] Powered by...
US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers
The United States blacklisted Iranian crypto exchange Bitbank and its software developer over alleged sanctions-evasion activity. Treasury says financier Babak Zanjani used the platform to move hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps (IRGC), an elite branch of Iran’s armed forces. Treasury Blocks Bitbank and Its Developer Companies handling […] Powered by...
House Panel Advances US Bitcoin Reserve Bill With 20-Year Hold
A House committee advanced legislation that would codify the existing U.S. Strategic Bitcoin Reserve and prohibit sales of qualifying federal bitcoin for 20 years. The amended bill would place the current executive policy in federal law. House Panel Advances the Bitcoin Reserve Bill Bitcoin legally owned by the federal government and not required by law […] Powered by...
Massive French Data Leaks Spark Surge in Fake Crypto Support Calls
Owen Simonin, known as Hasheur, reported a rise in the number of fraudulent call scams in which threat actors impersonate customer service representatives of a crypto platform. Simonin stressed that this rise was caused by the recent data leaks affecting French crypto users. Crypto Call Scams Rise in France, Says Crypto Entrepreneur The recent data […] Powered by...
Weekly Wrap: Bitcoin Reclaims $81K as ZEC and HYPE Hit New Highs
The total cryptocurrency market capitalization reclaimed $2.8 trillion and briefly approached $2.9 trillion amid a broad weekly rally. Crypto Economy Market Cap Nears $2.9 Trillion The cryptocurrency economy saw its total market capitalization reclaim the $2.8 trillion mark during a week in which privacy coins again outperformed the broader market. Market data showed that total […] Powered by...
