Monthly Archives: September 2021

Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan

Dmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud related to the now defunct trading platform, successor of the infamous BTC-e exchange. Former Wex Executive in Polish Custody as Prosecutor’s Office Reviews Extradition Request Ex-owner and CEO of Wex Dmitry Vasiliev was detained at the Warsaw airport on Aug. 11, the leading Polish newspaper Gazeta Wyborcza revealed this week. According to sources quoted by the publication, […]

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Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT

Bitcoin price is struggling to flip $48,000 to support, but the steady protocol developments taking place in DeFi projects could lead to further upside from DOT, LUNA, ATOM and FTT. Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the U.S. could prove to be bullish for Bitcoin. In a note to clients, Anthony “Pomp” Pompliano said that the only way to protect oneself […]

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NFT Market Sales Begin to Improve After Last Week’s Massive Market Slump

Seven days ago, non-fungible token (NFT) marketplaces saw sales nosedive after reaching all-time highs during the month of August. A week later sales have rebounded to a degree and NFT marketplaces like Opensea, Rarible, and Superrare have seen improvements in terms of seven-day trade volumes. Opensea, Rarible, Hic et nunc, Makersplace, Superrare See NFT Weekly Volumes Improve On September 12, 2021, Bitcoin.com News reported on the fact that non-fungible token (NFT) sales had plummeted 86% on September 10 from a mid-August all-time sales high. The report noted […]

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MicroStrategy CEO Michael Saylor Interview: The Predator Prey Dynamics Of Bitcoin

An exclusive interview with MicroStrategy CEO Michael Saylor. LINGUA CONTRA IMPERIUM The Language of Bitcoin: 6 Michael Saylor Every company on Earth is sitting on a balance sheet that is normally cash and credit. With a few exceptions, everyone is holding some form of local fiat currency. If they want an alternative to that, they’re holding low risk debt or sovereign debt. Cash and credit. Cash and credit are crumbling. They’ve always been crumbling. But now they’re crumbling at a faster rate. In good times they’re crumbling […]

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Bitcoin Will Decapitate Zombie Corporations That Are Destroying The Economy

The decaying rot of corporations carried only by the fiat machine will come to an end as Bitcoin fixes our money. 2008 Taught Us Nothing We have experienced (and some of us grew up) during a very interesting blip within history, starting with the events that transpired in 2008 when the tools of our “innovations” in financialization proved to be the swords upon which we fell. Like the Romans of olde, through mechanisms of sheer greed and euphoria, we brought down our own house upon us. And […]

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Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%. Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the halving as a bullish event, which reduced the supply of […]

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AT&T Sued by Customer After Security Breach Led to Theft of Cryptocurrency

An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “reasonable and appropriate security to prevent unauthorized access to its customer wireless accounts.” This has led to the theft of cryptocurrency from the plaintiff’s crypto exchange account. AT&T Sued by Crypto Investor An AT&T customer, Jamarquis Etheridge, filed a lawsuit in the district court for the Southern District of Texas against AT&T Inc. and AT&T Mobility LLC Wednesday. Etheridge, a resident of the U.S. state of Texas, has been a […]

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US Court Sentences Cryptocurrency Hedge Fund Founder to 7.5 Years in Prison

The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is also ordered to forfeit about $55 million. The Department of Justice (DOJ) said that he “engaged in a scheme to steal assets” from his hedge funds and defraud investors. Crypto Hedge Fund Founder Gets 7.5 Years in Jail Stefan Qin, the founder of two cryptocurrency hedge funds in New York, has been sentenced to 7.5 years in prison, the […]

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Bitcoin Hashrate Climbs 128% Over 83 Days, Network’s Mystery Miners Disappear

Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as 96% of the mystery miners recorded at the end of June have disappeared. Bitcoin Hashrate Gathers Strength Since the End of June Approximately 83 days or over two months ago, Bitcoin’s hashrate […]

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BTC price falls back to $47K as weekly close neatly tracks Bitcoin futures gap

It’s a modest weekly gain for Bitcoin buyers as Saturday’s progress comes full circle back to square one the next day. Bitcoin (BTC) retested $47,000 on Sept. 19 as the weekly close looked set to hinge on the CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals from BTC/USD as the week drew to a close. Saturday had seen a stronger rally from the pair, which subsequently gave way to […]

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