Criminal Extradited from Cyprus for Allegedly Stealing Bitcoin

Two alleged criminals, one suspected of stealing thousands of Bitcoin and the other a money launderer with connections to Hezbollah, were extradited from Cyprus, according to the Department of Justice or DOJ. One of the suspects is wanted in Georgia and Arizona for cyber intrusion and extortion and the other is wanted in Florida for money-laundering in support of Hezbollah.  Joshua Polloso Epifaniou, a Cypriot national, is accused of wire fraud, conspiracy to commit wire fraud, conspiracy to commit computer fraud and identity theft and extortion. The DOJ said Epifaniou…

This Technical Pattern Suggests Bitcoin Will Plunge Over 30% in Coming Weeks

Bitcoin appears to be in a somewhat precarious position, as a few technical factors are currently suggesting that it may soon see some notable near-term downside. One such technical factor suggesting that the crypto is poised to see notable near-term downside can be seen while looking towards a fractal pattern it has been developing over the past few weeks. This fractal is similar to one formed in the summer of 2019 and signals that the crypto could soon see some notable losses. Specifically, one analyst is looking for a retrace…

Canadian Regulator Accuses Coinsquare of Wash Trading

Canadian regulator Ontario Securities Commission (OSC) has accused embattled exchange Coinsquare of market manipulation and misleading clients about trading volumes. The OSC alleged Coinsquare, which has been accused of wash-trading and reports of a hack, had “engaged in conduct contrary to Ontario security laws.” The regulator also named founder Virgile Rostand, CEO Cole Diamond and chief compliance officer Felix Mazer as respondents.  A hearing regarding the case will be held on July 21.   In its complaint, the OSC said Diamond directed Rostand to inflate trading numbers in March 2018. Rostand…

These 4 Signs Suggest Bitcoin Is on the Verge of a Massive Move Higher

Bitcoin has continued to flatline for the umpteenth week in a row. As of this article’s writing, the leading cryptocurrency trades just a few basis points below $9,200. Despite the unpredictability of this market, a cryptocurrency trader remains certain that a move higher is likely. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH 4 Signs Show Bitcoin Could Soon See a Move Higher According to a July 17th analysis of the total market capitalization of the crypto market by trader Michaël van de…

Getting Out of Cash Is Key to Wealth and Inflation Protection, Pompliano Says

During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts.    “There is a devaluation of currency,” Pomliano said in his July 18 livestream. “The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time — stocks, real estate, gold, Bitcoin, all this stuff.” Assets up while the economy…

Bitcoin to See One Final Downtrend Before Bull Run Begins

Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300, with both buyers and sellers sitting deadlocked as both sides fail to gain control. One analyst is now noting that he is expecting Bitcoin to see one more accumulation cycle that sends its price reeling down towards the…

Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend

While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range. Major Crypto Assets Trend Sideways While Smaller Altcoins Shine The two largest cryptocurrencies by market cap have been the most stagnant of the bunch. Both Bitcoin and Ethereum have more resembled a…

In COVID-19’s Wake, the New Normal Creates Crypto Opportunities

The COVID-19 pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring and applying for new licenses.  The pandemic has caused suffering in this industry, as in others, but the fundamentals of crypto are better than those of traditional financial markets. We will experience some reshuffling, but the crypto and blockchain industry will become stronger…

Twitter Promises Additional Security Measures

Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues.  Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics. This will be in addition to cybersecurity coaching they get during onboarding and ongoing phishing exercises.  About 130 accounts were compromised on Wednesday when hackers took over prominent Twitter accounts in a Bitcoin hoax. Those compromised included Elon Musk, Kanye West,  Bill…

Pomp Says Unemployment Has Risen Faster Than in the Great Depression

Morgan Creek Digital co-founder Anthony Pompliano, also known as Pomp, jumped on a YouTube livestream on July 18, talking about the current economic state and its future. “In 1929, which was the start of the Great Depression, there was 3.1% unemployment — record low — and that unemployment jumped from 3.1% to over 8.5%, to then over 15% in the next two years,” Pomp said. “What you end up seeing is we have accelerated faster on the unemployment track than even in the Great Depression.” April 2020 saw 14.7% unemployment…