Bitcoin

Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu Daher It takes a lot to keep a grassroots cryptocurrency mining business up and running in Lebanon. Ahmad Abu Daher says he and his team of more than 40 Lebanese and Syrian employees are working around the clock to man thousands of machines across the country. “We can’t sleep. We can’t have any break,” the 22-year-old Abu Daher told CNBC at 2:36 A.M. Lebanon time. “All of my team are still awake. They… Source link

United States law enforcement officials announced on Monday that the U.S. Department of Justice (DOJ) seized “approximately 50,676.17” bitcoin from a Silk Road thief. The latest seizure adds to the cache of bitcoins the U.S. government holds today as three forfeitures during the last two years have led to a stash of around 214,682 bitcoin worth $4.22 billion using today’s bitcoin exchange rates. After 3 Major Forfeitures, U.S. Law Enforcement Officials Hold More Than 1% of… Source link

Regarding what could be next for Sam Bankman-Fried and his team, the firm would “shift focus to the US market, where they have been spending disproportionate time in the last few months,” Bernstein analyst Gautam Chhugani said in a note to clients. “However, they lose the cash machine of the FTX international exchange, which was enabling investments in the US entity,” Chhugani wrote, adding that a regulatory presence would also lessen. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin price failed to stay above $20,600 and extended losses. BTC must stay above $20,000 to avoid a major decline in the near term. Bitcoin started a downside correction and broke a major support at $20,600. The price is trading below $20,600 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the main $20,000… Source link

Bitcoin price failed to stay above $20,600 and extended losses. BTC must stay above $20,000 to avoid a major decline in the near term. Bitcoin started a downside correction and broke a major support at $20,600. The price is trading below $20,600 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the main $20,000… Source link

Bitcoin dipped below US$21,000 in Tuesday morning trading in Asia as Ether and most other tokens in the cryptocurrency top ten by market capitalization, excluding stablecoins, lost ground. Polygon was one of the few tokens to gain, leapfrogging Solana by market cap. Solana led the losers. See related article: Binance to sell FTX token holdings amid questions over trading arm Alameda finances Fast facts Bitcoin fell 1.6% in the past 24 hours to trade at US$20,588 at 8 a.m. in Hong Kong, while… Source link

Enlarge / Bitcoin laundering concept vector illustration. Federal prosecutors have recovered $3.36 billion in bitcoin that was stolen a decade ago from Silk Road, the dark web bazaar responsible for distributing massive quantities of illegal drugs and other illicit goods and services to people worldwide. Last November, federal agents executing a search warrant on a then-defendant’s Gainesville, Georgia, house… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link