Text size Bitcoin Dreamstime Bitcoin declined to three-month lows on Friday as… Source link

Key facts: The police have also seized ether, monero, dash and zcash. Authorities assure that there are obstacles in the laws related to cryptocurrencies. The UK police have seized around 9,000 bitcoins (BTC), equivalent, at the moment, to almost $ 400 million. These coins came from activities considered illegal in that country in the last 5 years. From 48 UK police forces, only 12 supplied the data, as reported by local media New Scientist. To access the… Source link

Editor’s note: Seeking Alpha is proud to welcome Thomas Dunleavy CFA as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Ievgeniiya Ocheretna/iStock via Getty Images The investment case for different instantiations of blockchain technology, namely the Ethereum (ETH-USD) network, its native cryptocurrency Ether, and accompanying use cases… Source link

What happened In times of market turmoil, investors look for relative winners and losers. Today, three top tokens have underperformed the dismal showing of the overall crypto market, which has dropped 5.7% over the past 24 hours as of 2:15 p.m. ET. Over the same time frame, Uniswap (CRYPTO:UNI) traded 10.1% lower, Monero (CRYPTO:XMR) lost 7.5%, and Algorand (CRYPTO:ALGO) sank 7.2%. The outsized moves among these top alt coins have been driven,… Source link

Some Marvel fans who have torrented the new Spider-Man film have instead downloaded cryptocurrency mining malware that could cause huge damage to their machines. Though downloading copyrighted content can result in serious penalties in most of the world, people still do it for a variety of reasons—and cybercriminals are well aware of this fact. So what can this Monero miner do? How does it work? And if you’ve torrented Spider-Man: No Way Home, how can you tell if you’ve been a victim… Source link

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.   While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next. “Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live. “Bitcoin for me, has a nasty head-and-shoulder pattern on it. Believe or not, in… Source link

Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever. The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year. It would have to more than double from current levels around… Source link

It’s been a rough stretch for cryptocurrencies like ethereum and bitcoin. These are the two largest cryptocurrencies by market cap and they have not had an easy run as of late. Bitcoin is working on its fifth straight daily loss, while ethereum is working on its fifth weekly loss in six weeks. While US stocks were able to hit new all-time highs over the last week — with the exception of the Nasdaq — bitcoin and ethereum have been under intense selling pressure. Like tech stocks, bitcoin… Source link

Text size Cryptocurrencies fell in tandem with stocks Wednesday. Advisor/Dreamstime

Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link