Bitcoin

A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities.” The cryptocurrency derivatives platform Bitmex is facing a lawsuit that claims the exchanges… Source link

The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago. Yet, there are five signs that the real rally is only just starting. Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.  Higher time frame breakout Bitcoin has dropped over 6% from its local peak at over $14,000, a level it hasn’t tested since 2017. But on the… Source link

The price of Bitcoin (BTC) declined by 2% in under an hour in a sharp correction on Nov. 2, catching traders off guard. Coincidentally, the CME Bitcoin futures market opened with a new gap, making $13,100 an area of interest for sellers. Three technicals reasons likely fueled the abrupt decline in the price of Bitcoin: CME gap, major resistance and monthly moving averages (MAs). There are now four CME Bitcoin futures gaps The CME Bitcoin futures market closes during the weekend and on holidays…. Source link

Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. The island nation follows Nigeria, which has remained as the top country searching for Bitcoin on Google since April 2020. The rest of Google’s top five regions searching for Bitcoin comprise the African countries of South Africa, Cameroon and Ghana. Google search… Source link

Bitcoin (BTC) starts a new week and month just dollars away from its highest monthly close in history — what’s in store next? Cointelegraph takes a look at five price factors which may influence BTC/USD as the U.S. goes to the polls and coronavirus sparks new Europe-wide lockdowns. Election day looms for Trump vs. Biden This week contains a geopolitical event which traditionally plays havoc with markets: the U.S. presidential election. Coming at a time when coronavirus angers and restricts… Source link

The 2020 U.S. election has put the country on course for its highest turnout in a century—with campaigns and candidates dominating headlines. The bitcoin price has soared in the run up to the election, adding a massive 30% through October and riding a raft of positive news to hit highs not seen since early 2018. Now, with Democratic challenger Joe Biden finding a solid lead in national polls over incumbent Donald Trump, bitcoin traders and investors are braced as candidates head into… Source link

Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland’s financial regulator to offer a number of cryptocurrency services, including the buying, selling, trading, and custody of bitcoin. Gazprombank Approved to Offer Bitcoin Services Gazprombank (Switzerland) Ltd. announced Thursday that it has received authorization from the Swiss Financial Market Supervisory… Source link

Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.” In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career. Investors like Pal don’t want to compete against central banks, but aim to create “a digital world,” Pal said, underscoring that despite big… Source link

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level. Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading activity. The monthly chart is considered to… Source link

After a lackluster August and September, Bitcoin surged by approximately 30% in October. Bitcoin’s October spike pushed the cryptocurrency above two important technical levels that I discussed in August ($11,000 and $12,500), which is a sign of strength. The next most important technical hurdle to break is $14,000; if Bitcoin can break above that level in a decisive manner, there is very little meaningful resistance until the all-time high of approximately $20,000.