The investigation conducted by the Wall Street Journal shed light on the murky world of Tether, Bitfinex, and their affiliated companies. The report exposed the majority stake owned by iFinex in both Tether and Bitfinex, highlighting their connections to a web of smaller shell companies. These entities were accused of employing dubious methods to maintain
Crypto
Bitcoin (BTC) has recently achieved a new all-time high (ATH) against the euro (EUR) and the British pound (GBP) as it soared past the $65,000 price level. Data from TradingView indicates that BTC approached 61,000 EUR on Monday morning, marking a historic moment as the digital asset surged by 7% in the last 24 hours.
The recent surge in Bitcoin prices to $65,500 on March 4 has brought the cryptocurrency to its highest point since November 2021. The price rally has also put BTC just 5% away from its all-time high, which was also recorded in the same month. In addition, Bitcoin has seen an impressive gain of over 300%
In recent years, the cryptocurrency industry has witnessed the rise of niche asset classes during bull markets. From NFTs to meme coins, these unique digital assets have taken the market by storm. As the latest bull cycle seems to have already begun, with Bitcoin and other cryptocurrencies experiencing significant price increases, the question on everyone’s
Bitcoin has recently experienced significant increases in price, surpassing $62,000 and causing speculation about the potential start of a major bull run. The cryptocurrency market has been abuzz with excitement as the price of Bitcoin continues to climb, surprising naysayers and thrilling enthusiasts. Despite the current price surge, there are several key factors and upcoming
The recent collaboration between Ilya Lichtenstein, infamous for looting millions of dollars from Bitfinex, and federal prosecutors sheds light on the underground world of cryptocurrency money laundering. Lichtenstein, who previously pleaded guilty to money laundering charges, is now aiding authorities in building a case against Bitcoin Fog, a popular crypto mixing service used by dark-web
Bitcoin’s recent surge to $64,000 has ignited concerns among traders and analysts as on-chain indicators start to signal a potential overheating of the market. According to a recent report from market intelligence firm CryptoQuant, indicators such as the rising unrealized profit margin for traders and the high cost of opening new long positions in perpetual
In the world of cryptocurrency, meme coins have recently dominated the headlines with staggering gains. While Bitcoin has experienced a slight setback, meme coins like Dogwifhat (WIF) have skyrocketed in value. The total crypto market cap has seen a minor decline on a daily scale, but over the past week, it has surged by over
Marathon Digital, a prominent Bitcoin mining company based in the United States, recently released its quarterly earnings report, surpassing analysts’ expectations by a significant margin. Despite this positive news, the company’s stock price experienced a temporary decline following the announcement. However, this dip is likely to be short-lived, considering Marathon Digital’s impressive financial performance and
MicroStrategy, founded by Michael Saylor, has become a business intelligence software giant and the largest corporate holder of Bitcoin. In recent weeks and months, the stock price of MSTR has experienced an unprecedented surge, outperforming the largest US stock market indexes by a significant margin. This remarkable growth can be attributed to the company’s substantial