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U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested

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The DOJ has charged the exchange with facilitating more than $ 700 million in illicit transactions tied to Russia, money laundering and criminal activity.

The U.S. Department of Justice (DOJ) has announced the closure of the Bitzlato cryptocurrency exchange, along with the FBI’s arrest of the exchange’s owner, Anatoly Legkodymov. In a live stream hosted on January 18, representatives from the law enforcement bureau revealed that the Hong Kong-based exchange was allegedly a part of a large illicit cryptocurrency network designed to circumvent sanctions, launder money and conceal crimes.   Read more...

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EU Agencies To Clamp Down On Cross-Border Crypto Scammers

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European Union law enforcement agencies have joined forces to crack down on notorious cross-border crypto scammers.

Eurojust and Europol have been working with Bulgaria, Germany, Cyprus, and Serbia to catch online investment fraudsters since July 2022.

Latest reports revealed that the scammers have changed their strategies and started to defraud unsuspecting crypto investors trying to recover from year-long losses.

Europol Uncovers Millions Of Euros Worth Of Losses To Crypto Scams

Eurojust and Europol are working with digital businesses to stop European crypto scams. During their investigation, they exposed a criminal group that operates from call centers. The report revealed that German investors lost over $ 2.1 million to these online crypto scams.  Read more...

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Dogecoin In Freefall Following Musk’s Decision To Step Down As Twitter CEO

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Dogecoin is taking quite a beating in the market over the last week. The meme coin which has maintained a close correlation to the actions of billionaire Elon Musk suffered multiple dips tied to Musk’s decisions as Twitter CEO. The most recent of these declines followed Musk’s publishing of a poll on Twitter asking if he should step down as CEO. Now, the results are in and it is not good news for Dogecoin.  Read more...

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U.S. Stocks Likely To Retrace And Push Bitcoin Down Before Christmas

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Bitcoin and the crypto market suffer from tightening conditions in the nascent sector and could see more losses coming into 2023. The poor performance in the U.S. stock market might contribute to this possibility. 

Market participants were expecting a Santa Rally ahead of the holidays. There is less trading volume in the market which often leads to spikes in volatility. This year, volatility might side with the bears. 

Bitcoin BTC BTCUSDT

A Decline In Liquidity Across Global Markets Impacts Bitcoin

Director for Macro for investment firm Fidelity, Jurrien Timmer, has been warning about the current market conditions. In early November, the market enjoyed a short-lived rally following expectations of better conditions.   Read more...

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🔴 Will Crypto Go Down With FTX? | This Week in Crypto – Nov 14, 2022

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The post 🔴 Will Crypto Go Down With FTX? | This Week in Crypto – Nov 14, 2022 appeared first on 99 Bitcoins.

The world’s second largest crypto exchange files for bankruptcy, and trading platforms provide proof of …

🔴 Will Crypto Go Down With FTX? | This Week in Crypto – Nov 14, 2022 Read More »

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Could Medical Debt Be The Black Swan Event That Takes Down The US Economy?

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While inflation runs hot and rising interest rates don’t seem to help, health care and medical debt may be the thing that takes the country by surprise.

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In this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by special guest Mike Hobart. He is an author at Bitcoin Magazine, a seed oil disrespecter and a former member of the United States military. Wilson, Olszewicz and Hobart open the episode by talking about what is currently happening in the investing space. Olszewicz states that there is currently no good news and we are seeing how rate hikes don’t work effectively.  Read more...

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Shiba Inu Dumps 7% In Last 24 Hours, Slips Down To 14th Largest Crypto

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Shiba Inu has dumped 7% over the last 24 hours, and as a result has slipped down to being the 14th largest crypto by market cap.

Shiba Inu Has Plunged Down Around 7% Over The Past Day

After initially observing some decent bullish trend during the last couple of weeks, the past few days haven’t been so kind to the memecoin.

The last 24 hours, especially, have been rough for Shiba Inu as it’s has taken a beating of more than 7% in the period, taking the price down to just $ 0.00001100.  Read more...

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Another Bug Briefly Took Down Part Of The Lightning Network

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The nature of open-source distributed systems leaves some vulnerabilities open to exploitation, but should bugs be exploited publicly or disclosed in private?

The below is a direct excerpt of Marty’s Bent Issue #1278: “Another LND/btcd bug emerges.” Sign up for the newsletter here.

via GitHub

For the second time in less than a month, btcd (an alternative implementation of Bitcoin) and, by extension, LND (one of the Lightning implementations) became incompatible with the rest of the Bitcoin network due to some meddling from a developer named Burak.  Read more...

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Bitcoin Coinbase Premium Index Plunges Down, What Does It Mean?

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Data shows the Bitcoin Coinbase Premium Index has plunged down recently, here’s what has happened in the past during instances of such a trend.

Bitcoin Coinbase Premium Index Has Sharply Gone Down Recently

As pointed out by an analyst in a CryptoQuant post, the BTC volatility has usually increased in the past when the metric has reached the same levels as now.

The “Coinbase Premium Index” is an indicator that measures the percentage difference between the Bitcoin price on Coinbase Pro (USD pair) and the one on Binance (USDT pair).  Read more...

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Dogecoin Pushes Down Cardano To Become 8th Largest Crypto

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Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot.

Dogecoin Market Cap Hits More Than $ 15 Million After The Price Surge

The past week has been incredible for DOGE after what had been many months of lackluster sideways performance.

At the time of writing, the memecoin’s price is trading around $ 0.116, up 96% in the last week. Here is a chart that shows the recent trend in the value of the crypto:

Dogecoin Price Chart

The price of the coin seems to have blown up over the last couple of days | Source: DOGEUSD on TradingView  Read more...

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One Year Later, CNN Shuts Down NFT Marketplace, Accused Of ‘Rugging’ Users

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After just over a year of operations, CNN is shuttering it’s NFT platform, ‘The Vault.’ Despite the crypto and NFT markets enduring substantial downturn throughout a good portion of this year, CNN was operating a modest, relatively under-the-radar NFT project that was the media outlet’s first web3 foray.

Despite nearly half a million dollars worth of sales revenue from the NFT releases on the platform, CNN is pulling the plug, and ‘vaulting The Vault.’ Let’s look at some insights around why the media behemoth is shutting down the platform.

CNN: A Case Study  Read more...

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Epic Games Doubles Down On Web3 Gaming Support, Adds Solana-Based ‘Star Atlas’ To It’s Slate

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It’s been a busy month for Epic Games when it comes to blockchain engagement. The Epic Games Store launched it’s first supported blockchain-based title, Blankos Block Party, earlier this month – and now it’s adding a second title to it’s slate of offerings.

Let’s take a look at the title and what we can expect when it goes live.

Is Epic Games The Next Big Web3 Player?  Read more...

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Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey

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Bitcoin adoption has always been the subject of rigorous debates in many countries today.

With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future.

After all, the respective governments of the above-mentioned countries continue to associate digital assets like Bitcoin with illicit affairs.

But this does not necessarily mean that other countries will follow suit. In fact, there are nations that are slowly making the necessary steps to properly adopt crypto into their financial system.  Read more...

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First Mover Americas: Macro Retakes Front Seat, Pushing Bitcoin Down Below $21K

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The latest price moves in bitcoin (BTC) and crypto markets in context for August 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin Price Down 13% In The Last 7 Days – Will BTC Continue Falling?

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Bitcoin price is again being challenged by all sorts of elements. It’s a “fresh chill,” says one analyst as the crypto winter shows no signs of let-up.

The cryptocurrency market as a whole is beginning to exhibit indications of weakness (and that’s not surprising, actually), with capital outflows eroding recent gains.

As a result, Bitcoin price, which has corrected while struggling to maintain a price over $ 20,000, has been subject to extreme selling pressure.

Bitcoin had significant sell-offs on Friday night and was just trading below $ 21,500, down roughly 10% in the last 24 hours. The largest cryptocurrency in terms of market capitalization has decreased by 14% during the past week.  Read more...

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Email Marketing Service MailChimp Shuts Down Crypto Customers

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Crypto companies have usually been the victims of corporate crackdowns over the years. The same is now the case with one of the largest email marketing services in the world. Earlier this week, some notable crypto companies and service providers took to Twitter to air their grievances with Mailchimp. The problem? Closure of their accounts without any prior warning.

Mailchimp Largest Crypto Companies

Multiple crypto platform owners have taken to Twitter to call out email marketing service Mailchimp for what seems to be a targeted closure of accounts. The complaints have been from people whose businesses offer some kind of crypto service or newsletter, and according to them, Mailchimp had closed their accounts without any prior warning.  Read more...

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Bitcoin Miner Revenue Slows Down As BTC Price Slumps Sideways

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Data shows the growth in the Bitcoin miner revenues has slowed down during the past week as the price of the crypto has been moving sideways.

Bitcoin Miner Revenues Rose During The Last Seven Days, But By Only 1.6%

As per the latest weekly report from Arcane Research, the BTC miner revenues have now stagnated after observing some significant growth recently.

Here is a table that shows how the metrics related to Bitcoin miners have changed during the past week:

Looks like the average transaction value has fallen over 15% in this period | Source: Arcane Research’s The Weekly Update – Week 31, 2022  Read more...

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Crypto Collapse Pulls Celsius Network Down Into Bankruptcy

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Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year.

The news is the latest high-profile crypto bankruptcy as crypto values collapse, making Celsius the latest victim of a $ 2 trillion meltdown that has crippled some of the sector’s most popular companies and left hundreds of thousands of individual investors losing significant amounts of money.

Suggested Reading | Bitcoin Will Reach ATH In Next 24 Months, Coinshares CSO Predicts  Read more...

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