Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned of an impending “big panic event” in the crypto space. “I don’t believe we’ve seen the bottom yet and I have a different view of it,” he said. Kevin O’Leary Warns of a ‘Big Panic Event’ in Crypto Shark Tank star Kevin O’Leary shared his crypto outlook in an interview…
Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for being under-capitalized,” the bitcoin skeptic said. Peter Schiff Says He’s Willing to Sell His Bank for Bitcoin Bitcoin skeptic and gold bug Peter Schiff…
Less than a month after it paused withdrawals for customers, crypto lender Celsius has put new lawyers at the helm of its restructuring process, according to the Wall Street Journal. Citing “people familiar with the matter,” the WSJ reported that Celsius hired lawyers from Kirkland & Ellis LLP, replacing ones from Akin Gump Strauss Hauer & Feld LLP hired last…
Bitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago. Source: https://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022
The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a high near $1,280 on July…
Crypto trading platform CoinFLEX has detailed its strategy to combat the company’s current liquidity crisis, which for almost three weeks has prevented users from withdrawing funds. In a blog post Saturday, co-founders Sudhu Arumugam and Mark Lamb announced that the company has entered arbitration in Hong Kong to recover $84 million in losses from a “large individual customer,” who, late…
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With Financial Industry Amendments designed to…
Bitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-uni-icp-aave-qnt
Chelsea Manning grew interested in Bitcoin when the project was still in its infancy but not because of users’ disruptive ambitions or any purported payment networks. The American activist and whistleblower, who sent classified information to Wikileaks in 2010 regarding the Afghanistan and Iraq wars, said Bitcoin appealed to her passion for cryptography and the mathematics behind securing information. She’d…
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin’s “weak price-action through June, bitcoin has been withdrawn…
