Cryptocurrency News

This is a Crazy Crypto Trade Idea…

This is a Crazy Crypto Trade Idea...

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Some call it crazy, others call it a low-probability, high reward vs. risk trade The logic? This is an idea based on an opinion of a higher timeframe premise, going for that higher timeframe take profit target, and setting a lower timeframe stop loss. But both have got sound, technical reasons, not random ones Watch…
Crypto lener Voyager suspends withdrawals

Crypto lener Voyager suspends withdrawals

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The crypto lender was caught up in the 3AC collapse. 3AC had a loan of 15,250 BTC and $350 million USDC. Voyager says it's 'pursuing all available remedies for recovery' but 3AC is in bankruptcy so that's going to be a long wait."This was a tremendously difficult decision, but we believe it is the right…
BlockFi sells itself to FTX in earnout-laden deal

BlockFi sells itself to FTX in earnout-laden deal

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Dan Primack at Axios reports that the rumored BlockFi sale to FTX is done. It will be for $240 million at the high end (if earnouts are achieved). There's no word on the low end or the reported (and denied) $25m deal from yesterday.In any case, the company was raising money at $4 billion valuations…
El Salvador’s President says bought 80 bitcoin at $19,000 each (your taxes at work)

El Salvador's President says bought 80 bitcoin at $19,000 each (your taxes at work)

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El Salvador President Nayib Bukele doesn't need no stinkin' stop loss on the coins he bought MUCH, MUCH higher - its not his money!Doubling up to catch up. There's been a bit of crypto news and views about the place today:ADVERTISEMENT - CONTINUE READING BELOW
Deutsche Bank forecasts Bitcoin back as high as US$28K by the end of this year

Deutsche Bank forecasts Bitcoin back as high as US$28K by the end of this year

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Analysts at DB say the crypto has been closely correlated with US equity indexes S&P500 & NASDAQ 100.DB looking for the indexes to recover (to levels seen in January) by year-end, taking BTC alongDB liken crypto to diamonds and De Beers marketing efforts: “By marketing an idea rather than a product, they built a solid…
Reports that Japanese authorities are moving to allow trust banks to manage crypto

Reports that Japanese authorities are moving to allow trust banks to manage crypto

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Update: US government easily tracking your crytocurrency transactions (thanks Coinbase!)

Update: US government easily tracking your crytocurrency transactions (thanks Coinbase!)

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ICYMI. Coinbase is selling to the U.S. Immigrations and Customs Enforcement a range of features that allows the agency's Homeland Security Investigations division to track and identify crypto users In August 2021, Coinbase sold a single analytics software license to ICE for $29,000 followed by a software purchase potentially worth $1.36 million the next month…
FTX closing in on deal buy BlockFi for $25 million. Was last valued at $4.8 billion

FTX closing in on deal buy BlockFi for $25 million. Was last valued at $4.8 billion

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CNBC citing three sources said FTX is closing in a deal for BlockFi. They warned the price could shift before tomorrow, when it's expected to close.BlockFi's last private valuation was $4.8 billion and had raised almost $1 billion in venture capital funding. The company received an emergency $250m line of credit from FTX.This basically wipes…
FTX walked away from deal with Celsius after finding $2 billion hole in its balance sheet

FTX walked away from deal with Celsius after finding $2 billion hole in its balance sheet

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Two people with knowledge of the situation cited by The Block say FTX was interested in a deal to take control of Celsius but walked away after examining the finances. One of the sources said Celsius "had a $2 billion hole in its balance sheet".Celsius claimed 1.7 million customers and around $12 billion in assets…
The cryptocurrency market is stuck at past highs

The cryptocurrency market is stuck at past highs

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Bitcoin changed little over Wednesday and is trading slightly below $20K on Thursday morning, keeping the controversy at bay, which is now a defining moment for the cryptocurrency market. Ethereum lost 5.1% in 24 hours to $1090. Altcoins in the top 10 fell from 0.7% (Tron) to 8.5% (Solana). The exception was Dogecoin (+0.9%).The Cryptocurrency…