Bitcoin Slides Below $20,000 as S&P 500 Breaks Down
Pantera Capital CEO on Why Investing in DeFi Is a ‘Really, Really Asymmetric Trade’
admin2022-09-27T17:39:36+00:00Dan Morehead, CEO and Co-CIO of crypto investment firm Pantera Capital, talked about why he is so bullish on decentralized finance (DeFi) during an interview with Real Vision CEO Raoul Pal at the SALT New York 2022 conference. On September 12, according to a report by The Daily Hodl,...
Can Rising Bitcoin Price Break The Accumulated Resistance At $20800?
admin2022-09-27T14:38:01+00:00Published 10 mins ago Concerning the $25000 and $18800 barrier, the Bitcoin price is wobbling in a range-bound rally. However, amid the recent correction, the coin price has recently retested the bottom support and started showing some reversal signs. A bullish reversal from this support should set a bull run to hit $25000 resistance, with in-between hurdles as $20800 and $22550.
Key points:
The bitcoin price chart shows a high momentum reversal from the $18500 support. Interested traders should wait for the...
South Korea seizes crypto-assets worth $180M from tax evaders
admin2022-09-27T12:30:07+00:00South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of the coordinated efforts of the South Korean government to enforce tax compliance in regard to cryptocurrency and other virtual assets. The data submitted by government bodies, including the Ministry of Strategy & Finance, the Ministry of Public Administration & Security, and the National Tax Service, suggests that the total...
Do Kwon Moved LFG’s Bitcoin After Court Approved Arrest, Prosecutors Claim
admin2022-09-27T11:35:13+00:00
Key Takeaways
South Korean prosecutors have reportedly asked KuCoin and OKX to freeze $67 million worth of Bitcoin associated with Do Kwon and LFG. The funds were allegedly moved to the exchanges shortly after a warrant was issued for Kwon's arrest. The opaque nature of LFG's activity has raised suspicions in the cryptocurrency community since Terra collapsed in May. It emerged Monday that Interpol had added Kwon to its red notice list, but he surfaced online to say that he...
Galaxy Digital CEO Mike Novogratz Explains Why ‘DeFi Is Going To Win’
admin2022-09-27T08:07:59+00:00Billionaire investor Mike Novogratz talked about why he is so bullish on decentralized finance (DeFi) while appearing as part of a panel at the SALT New York 2022 conference. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management firm that...
Bitcoin Skyrockets As Stock Market Crashes, Is It Breaking Correlation
admin2022-09-27T04:42:46+00:00The crypto market is experiencing a surprise bounce. Bitcoin has rallied from the $18K-$19K range to cross the $20K mark. It has increased by over 5% in the last 24 hours and is currently trading at $20.1K. However, since the stock markets are dumping, Bitcoin looks to break the correlation. Ethereum is also experiencing a strong rally for the first time after the merge. Ethereum has bounced over 6% in the last 24 hours and is set to cross the...
Crypto Analyst Predicts Potential $XRP Price Explosion as Ripple and SEC Seek End to Ther Legal Battle
admin2022-09-26T22:10:00+00:00A popular cryptocurrency analyst has predicted that the price of $XRP could soon explode upwards, at a time in which both Ripple and the U.S. Securities and Exchange Commission (SEC) are looking for a ruling in their long-running legal battle through a so-called summary judgment. Closely-followed trader DonAlt...
Mark Yusko: Once Fed Restarts QE, Crypto Market Will See ‘A Face Melter of a Rally’
admin2022-09-26T21:45:17+00:00Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, explained in a recent interview why he believes that the Fed will soon need to stop its quantitative tightening program, which should bring in the next bull cycle. Yusko, who is also the Managing...
Profanity Vanity Addresses Suffer Another Exploit
admin2022-09-26T19:00:18+00:00Vanity addresses created using the Profanity vanity wallet address generator have suffered yet another hack leading to $966k in losses. The recent exploit follows a previous hack in similar fashion targeting Ethereum vanity addresses, with the Profanity tool as a common denominator.