Month: July 2024

Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance on the cryptocurrency. Peter Brandt Highlights Key Bitcoin Patterns and Bullish BTC/Gold Ratio Outlook Veteran trader Peter Brandt, […] Source: https://news.bitcoin.com/veteran-trader-peter-brandt-identifies-bitcoins-down-channel-pattern/

U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage in history.” Bitcoin’s Stability Highlighted During Major System Outage U.S. Senator Cynthia Lummis […] Source: https://news.bitcoin.com/us-senator-highlights-bitcoin-as-currency-unaffected-by-widespread-cyber-outages/

Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were identified as members of the Lockbit group. Active since January 2020, this group […] Source: https://news.bitcoin.com/2-foreign-nationals-plead-guilty-in-lockbit-ransomware-case/

Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products and undergo a “comprehensive rectification.” Withdrawals to Be Directed to Designated Wallets Months after abruptly suspending withdrawals, digital […] Source: https://news.bitcoin.com/bitforex-to-reopen-withdrawals-months-after-team-members-detention-rendered-platform-inaccessible/

The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share insights on emerging threats, and foster a unified approach to combating financial fraud. Quarterly meetings will address trends, scams, and mitigation […] Source: https://news.bitcoin.com/sec-and-100-agencies-form-council-to-combat-securities-fraud/

With key members of his own party reviving a push to keep President Joe Biden out of the 2024 election, attention has now shifted to the handful of prominent Democrats who might take his place atop the ticket.  As the prospect of that major shift looms, many in crypto are asking: How might these replacements govern when it comes to…

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