Cryptocurrency

Three men have been arrested and are facing charges of receiving stolen property after nearly $7 million in stolen Bitcoin mining computers were recovered, authorities announced Thursday. According to the Los Angeles Police Department, it was detectives from the Commercial Crimes Division’s Cargo Theft Unit who arrested the three suspects at an undisclosed location on […]

Bitcoin turned higher on Wednesday, reversing early losses, as investors took a pause from the recent pullback and weighed the Federal Reserve’s latest policy decision. The price of the flagship cryptocurrency was last higher by 1.7% at $65,773.23, according to Coin Metrics. Earlier in the day, it fell as low as $60,793.60. Cryptocurrencies strengthened at […]

In a fiery victim impact statement, FTX’s chief executive accused the crypto company’s disgraced founder Sam Bankman-Fried of peddling “categorically, callously, and demonstrably false” claims about customer losses while showing no remorse for the billions allegedly stolen in one of history’s biggest frauds. The statement by John J. Ray III, a seasoned corporate restructuring specialist […]

Crypto markets bounced sharply higher and bitcoin (BTC) targeting $67,000 on Wednesday as U.S. Federal Reserve Chair Jerome Powell hit a dovish tone after and the central bank maintained its outlook for three rate cuts this year despite hotter-than-expected inflation figures. Bitcoin (BTC) hit a $67,781 daily high, recording a more than 10% recovery from level seen hours earlier. Ether (ETH) erased its […]

The conclusion of the Bank Term Funding Program (BTFP) on March 11, presents a potentially pivotal moment for various financial markets, including the cryptocurrency sector and, by extension, the price of Bitcoin. Bitcoin, the new “gold” Established as a financial tool to support liquidity and stability within banking institutions, the BTFP plays a crucial role […]

A brief bitcoin (BTC) slump to under $64,000 caused over $440 million in liquidation for crypto futures traders betting on higher prices. Some traders expect bitcoin to reach the $55,000 level in the short term. Long bets on bitcoin took on $100 million in losses alone, with ether (ETH), Solana’s SOL and dogecoin (DOGE) taking on a cumulative $120 million […]

Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin , as part of research into potential new investments. The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund by assets under management on several different rankings, said it is looking for “basic information” on […]

Net inflows into the 10 US spot bitcoin ETFs have trended upward again, eclipsing $2 billion for the second straight week. The $2.5 billion of assets reeled in by the fund category last week beat the previous record of nearly $2.3 billion set between Feb. 12 and Feb. 16, according to BitMEX Research data. That […]

In three previous halving cycles, Bitcoin has exploded in price. Will this time be different? For the first three months of 2024, the primary investment thesis for Bitcoin (BTC -2.81%) has been the recent introduction of the new spot Bitcoin exchange-traded funds (ETFs). And indeed, with nearly $1 billion flowing into them on a daily basis, these new ETFs have […]

Bitcoin experienced a 12.5% drop in price from March 14 to March 17, falling to $64,545, which led to significant buying activity around the $65,000 mark. Currently, opinions are mixed, and while the excessive leverage in Bitcoin futures has been resolved, investors are still pondering if BTC will be able to surpass its all-time high of […]