Extradition of Crypto Pyramid Scheme Leader to China After International Pursuit As the popularity of digital currencies continues to rise globally, the associated risks of economic crimes also grow. Extradition News The Chinese authorities have confirmed the extradition of Zhang Moumou, the alleged leader of a vast crypto pyramid scheme, from Thailand to China after […]
Justin Sun Addresses Bitcoin Removal from USDD as Standard DeFi Practice Justin Sun, the founder of Tron, has minimized worries about the withdrawal of 12,000 Bitcoin from the collateral backing Decentralized USD (USDD), a stablecoin governed by the Tron DAO Reserve. Clarification on Bitcoin Withdrawal Recent data from blockchain explorer Blockchair indicates that the 12,000 […]
This is a weekly summary of significant events in the Asian cryptocurrency landscape. Bitcoin Mining Issues in Southeast Asia After the crackdown in China in 2021, Southeast Asia emerged as a prominent location for Bitcoin mining. However, authorities are facing challenges related to increasing incidents of electricity theft to support these mining operations. Recently, law […]
Bitcoin’s Stability Above $60K: Why It Matters Recent strong data on U.S. job growth and inflation, combined with consistent inflows into Bitcoin exchange-traded funds (ETFs), have propelled Bitcoin’s price above the $60,000 mark. Market Analysis Overview Between August 21 and August 22, Bitcoin (BTC) recorded a 4% increase and has since maintained its position above […]
Three Factors That Could Propel Bitcoin Price to $68K in September Recent technical analysis and blockchain data suggest there may be a short-term upward trend for Bitcoin. Decreasing Bitcoin Supply on Exchanges On-chain data indicates a potential rally for Bitcoin in the upcoming weeks, driven by diminishing supply on exchanges. As of August 23, centralized […]
Bitcoin Faces Potential Short Squeeze as Bulls Target $62K Resistance As Bitcoin’s price teeters on key resistance levels, market indicators suggest the possibility of a breakout from the current trading range. Market Dynamics in Focus Recent analysis indicates that Bitcoin (BTC) is likely positioned for a short squeeze following a period of volatility. Data reveals […]
Ethereum ETFs Experience Extended Outflows as Investment Interest Diminishes Ethereum exchange-traded funds (ETFs) in the United States are facing substantial outflows, a trend that contrasts sharply with the continual investment influx seen in Bitcoin ETFs. The spot Ether (ETH) ETFs have now recorded their longest stretch of investment withdrawals, marking five consecutive days of outflows […]
Bitcoin Open Interest Surges by $1.3B After Fed’s Dovish Minutes Following the release of the United States Federal Reserve’s dovish meeting minutes on August 21, Bitcoin Open Interest has seen a substantial increase of more than $1 billion. Futures Traders React Bitcoin futures traders boosted the open interest by over a billion shortly after the […]
Bitcoin Volatility Surges Above All-Time High as Price Retests $62K The volatility of Bitcoin has increased beyond the levels recorded at its all-time high earlier this year, indicating a potential conclusion to the prolonged consolidation phase. Current Price Dynamics For Bitcoin (BTC) to continue demonstrating bullish momentum, it must maintain support above $61,000 and successfully […]
Identifying Success in the Upcoming Blockchain Cycle: Insights from the Wyoming Blockchain Symposium During the second quarter of 2024, crypto startups garnered an impressive $2.7 billion in venture capital funding. Panel Discussion Highlights from the Wyoming Blockchain Symposium On August 21, industry leaders from various venture capital firms, including Blockchain Capital, MetaGood, Dragonfly, Arche Capital, […]
