Crypto Review - Page 82

Call it a crypto crackdown — literally. Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement.

Bitcoin has once again walked through a minor crisis on the price approaching $30k. That level has the potential to trigger an even broader sell-off in the cryptocurrency market. The quick rebound suggests that the bulls are willing and able.

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help DeFi users access decentralized applications across multiple blockchains. The raise comes on the heels of a successful beta launch.

Bitcoin extended Tuesday’s decline even as gold, a traditional inflation hedge, remained resilient to increased bets that the U.S. Federal Reserve will tighten its monetary policy sooner than previously expected. The leading cryptocurrency was trading near $32,300 at press time,.

Bitcoin (BTC) prices steadied on Tuesday after closing the previous session at a 3.41% loss, supported by a weakening United States dollar sentiment ahead of a key U.S. inflation report due later on Tuesday. The spot BTC/USD exchange rate rose.

Scott Minerd, once one of Bitcoin’s biggest boosters, has seemingly lost the faith. Minerd, Guggenheim’s chief investment officer, told CNBC Friday he believes Bitcoin is in the midst of a serious crash that could take it down to between $10,000.

Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout. Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains.

Bitcoin was almost flat over the past 24 hours, remaining near $34,000.  On the one hand, the current dynamics indicate that the retail sector is awaiting further triggers. On the other hand, judging by the extremely low trading volumes, market.

Woori Financial Group, one of South Korea’s largest banking companies, is getting into digital asset custody. According to a report in The Korea Economic Daily, the bank is setting up a custody joint venture with Coinplug, one of the earliest.

American megabank JPMorgan has continued criticizing El Salvador’s declaration of Bitcoin (BTC) as legal tender, warning of the potential risks for both the country and the cryptocurrency. A JPMorgan expert group led by economist Steven Palacio released a report suggesting.

Experts say bitcoin is extending the same old uneventful humdrum of recent weeks, trapped in a narrowing price range while awaiting the next bullish catalyst. Over the last 24-hours, bitcoin’s price slumped to as low as $32,000 before buyers drove.

The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week. The mainnet launch will occur at block 12965000 which puts the estimated date at August 4. The first.