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$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken.10 Million Investors […]

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Bitcoin Defends Price Support, But Bear Case Still Intact

Bitcoin (BTC) has bounced from key price support, but the outlook remains bearish as long as prices hold below Thursday’s high of $10,445.The leading cryptocurrency by the market value found takers near the widely followed 100-day moving average (MA) at $9,700 earlier today, but at time of writing had regained ground to around $10,060, according […]

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Texas Regulator Goes After Cryptocurrency Firm Promising 900% Returns In 2 Weeks

Regulators in Texas have filed a cease and desist order against a New York-based cryptocurrency business promising a 900-percent return on investment in just two weeks.Forex and Bitcoin Trader, which was advertising on Craiglist Dallas, reportedly deals in cryptocurrency investments, commodity-based derivatives, and foreign currency trading.A statement published earlier this week said the company claimed […]

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Bitcoin in Tug of War Between Bulls and Bears as Trading Range Tightens

Bitcoin (BTC) is witnessing indecisive price action for the third day, with a break above Wednesday’s high of $12,145 needed to revive the bullish outlook.The leading cryptocurrency is currently trading at $11,690 on Bitstamp, representing a 0.85 percent drop on the day.Prices hit a high of $12,040 in the Asian trading hours before quickly falling […]

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Is This The Real Reason Bitcoin Suddenly Soared?

Bitcoin suddenly soared this week, with the bitcoin price rising more than 20% in the last seven days and jumping over $500 per bitcoin in a matter of minutes last night, only to fall back again.The abrupt bitcoin price rally was largely put down to the escalating U.S. China trade war that’s being stoked by […]

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3 Major Ways to Earn Money While Investing in Cryptocurrency

Cryptocurrency gets more widespread as the days go by. Unlike traditional financial systems, cryptocurrencies offer better security and transaction speeds. More importantly, however, you can make some money using them as well. Here, we shall review the 3 major ways of making money in cryptocurrencies.MiningThe ultimate way of making profits is through mining. Most of […]

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These 3 Macroeconomic Factors Are Driving Bitcoin Price Above $12,000

Bitcoin (BTC) price has staged a remarkable rally in recent days, but the reasons behind it could mean higher prices stick around much longer. With BTC/USD now at $12,200, here are the main reasons the cryptocurrency industry considers lie behind Bitcoin’s latest surge higher.1. Global stocks are tumblingAs Cointelegraph continues to report, the ongoing impact of […]

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Bitwise: Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1.Libra Attracted Attention To BitcoinIn the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company:“Thanks to Facebook’s Libra and Congress, […]

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Bitcoin-Friendly Square Cash App Stock Price up 56% in 2019

Cash App, the payments app of San Francisco-based company Square, announced a Bitcoin (BTC) giveaway in a tweet published on July 26 as its stock price continues to grow, according to MarketWatch.Giving Away BitcoinIn its tweets, the official Cash App Twitter account announced that it will give away $50,000 in Bitcoin. In subsequent tweets, Cashapp […]

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Bitcoin Not Moved for at Least Five Years Is at an All-Time High

The amount of Bitcoin (BTC) that has not been moved for at least five years is at an all-time high, reports cryptocurrency data website Coinmetrics on July 23.Is Hodling Currently At Its Highest?Per the report, the amount of BTC held in a single address unmoved for at least five years recently reached its all-time high. […]

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