Bitcoin derivatives data suggests a BTC price pump above $18K won’t be easy

[ad_1] Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance. On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible.Bitcoin 12-hour price index, USD. Source: TradingViewTo start the week, the S&P

CFTC files suit against Avraham Eisenberg for market manipulation in Mango exploit

[ad_1] The United States Commodity Futures Trading Commission (CFTC) filed suit against self-described digital artist Avraham Eisenberg on Jan. 9, charging him with two counts of market manipulation in connection with an exploit of decentralized finance platform Mango Markets. Eisenberg was arrested on related charges on Dec. 27 and is currently in custody.The CFTC claimed in its suit that Eisenberg “engaged in a manipulative and deceptive scheme to artificially inflate

BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

[ad_1] Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.In a Jan. 9 Twitter thread, BlockFi said it had filed a presentation for its stakeholders detailing plans for future court filings and a rundown of the bankruptcy proceedings. According to the lending firm, the company reached out to 106 potential buyers shortly

Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

[ad_1] Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation. Bitcoin miners Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA) and others posted double-digit percentage gains in intraday trading. The rally coincided with a broad uptick in equity markets, with the

SBF claims himself not guilty, faces up to 115 years in jail: Law Decoded, Jan. 2-9

[ad_1] Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing, including wire fraud, securities fraud and violations of campaign finance laws. In total, the entrepreneur faces eight criminal counts, which could result in 115 years in prison should he be convicted. Meanwhile, Daniel Friedberg, the controversial lawyer who served as top compliance chief at FTX, has reportedly cooperated with prosecutors and provided them with

Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

[ad_1] Bankrupt crypto brokerage Voyager Digital filed documents in a United States court on Jan. 8 in response to objections raised to the Binance.US proposal to buy out its debt. Voyager announced it had approved the offer on Dec. 19. The Securities and Exchange Commission, four states, the U.S. trustee and Alameda Research filed objections to it.Voyager stated in one document that objections to the Binance.US offer “fail to put

The ‘Elon effect’ shows how opinion leaders shape the fintech market

[ad_1] The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or uplift entire markets with their content and takes. The Elon EffectIn 2021, Elon Musk could send the price of the famous memecoin Dogecoin (DOGE) up by 50% with just a single tweet. He still has a lot

Former CCP official apologies for ‘grave losses’ as a result of supporting crypto miner: Report

[ad_1] Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast. In an interview released by state-run media on Jan. 8, Xiao seemed to speak with a very subdued voice from what appeared to be prison, apologizing for being a “sinner” and causing “grave losses” to Fuzhou. The former CCP official pleaded guilty to corruption charges in

a few tips from an analyst

[ad_1] There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst James Check. Joining the latest debate around self-custody, the analyst pushed back against the notion that managing private keys is too complicated and risky for the average crypto user. “If you have gold in your vault, if you have cash in your wallet, it's the same concept: