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Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate market prices, it becomes paramount for the general Bitcoin (BTC) investors to understand the nuances that make one a whale and their overall impact on trading. Wallet addresses that contain large amounts of BTC are identified as Bitcoin whales. Dumping or transferring large amounts of BTC from one wallet to another negatively impacts the prices,… Source link

Billionaire Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12K. However, he remains concerned that bitcoin could “become worthless or outlawed.” Thomas Peterffy on the U.S. Economy and Bitcoin Billionaire Thomas Peterffy shared his outlook for bitcoin and the U.S. economy in an interview with Forbes last week. Peterffy is the founder and chairman of the board of directors of Interactive Brokers, an… Source link

On February 8, 2022, the U.S. Department of Justice (DOJ) arrested a couple that is accused of laundering 94,636 bitcoins stolen from Bitfinex in 2016. The DOJ alleges that the tech entrepreneur, Ilya Lichtenstein, and his wife Heather Morgan, conspired to launder billions of dollars worth of bitcoin. The duo could face 25 years in federal prison if convicted. Five months later, a report indicates that a federal judge has given Morgan permission to get a job and “engage in… Source link

Key Takeaways ETH is outperforming in the market. It touched $1,363 today following a 12% surge. The latest rally comes days after the Ethereum Foundation set a tentative September 19 launch date for “the Merge.” Ethereum’s Merge to Proof-of-Stake is the network’s most anticipated update in history. Share this article The latest rally comes two days after Tim Beiko gave a tentative September 19 date for Ethereum’s long-awaited Merge to Proof-of-Stake to go live. Ethereum Rallies… Source link

In roughly 65 days, there’s a chance Ethereum’s highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS), otherwise known as The Merge, could be implemented. The information was shared via “a planning timeline” on Twitter, which noted the shift from PoW to PoS could happen on September 19. The source stemmed from Ethereum Beacon chain community director, Superphiz, who further stressed that The Merge “timeline isn’t final,” and that people should… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Saturday. The coin is up 3.44% to $139.3 while the broader crypto market is down 0.28%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. Art: Grant Kempster Some of the largest fortunes in crypto have been made through arbitrage plays. Some of them were lying in plain sight but too difficult to execute; others were hidden. Think of Arthur Hayes or Sam Bankman-Fried. Arbitrage was exactly how they were able to bankroll the launch of their respective exchanges. After that, though, the two founders’ trajectories have taken pretty different turns. The former pleaded… Source link

Bitcoin (BTC) consolidated higher on July 16 after the Wall Street trading week finished with modest gains for United States equities. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin bulls reclaim the 200-week moving average? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $20,500 and $21,000 into the weekend. The pair thus preserved the majority of its comeback from the week’s lows, these following shock U.S. inflation data and… Source link

A small light of progress shines from Andorra, a tiny European country nestled between France and Spain. The country’s government, the General Council of Andorra, recently approved the Digital Assets Act, a regulatory framework for digital currencies and blockchain technology.  The act is split into two parts. The first regards the creation of digital money, or “programmable digital sovereign money,” which can be exchanged in a closed system. In effect, this would allow the Andorran… Source link

BTC was marginally lower to start the weekend, as crypto prices consolidated following recent gains. After surges in price on Friday, both ETH and bitcoin were slightly lower, as bulls appeared to have liquidated positions in order to secure profits. Bitcoin Bitcoin was trading lower to start the weekend, as markets consolidated following Friday’s surge in price. Following a peak of $21,138.24 in yesterday’s session, BTC/USD slipped to an intraday low of $20,518.90 earlier today.