A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors.

Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool.

In a press statement, the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) said it jointly charged Jali and two accomplices for orchestrating the “Ponzi scheme”.

Arley Ray Johnson and John Frimpong, both of Maryland, fraudently solicited money from investors, who contributed $28 million to three companies – 1st Million LLC, Smart ... Read more »

Category: News | Views: 42 | Added by: 4zvezda | Date: 06.09.2020 | Comments (0)

The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all the crypto coins shaved more than 10% during yesterday’s trading sessions. More than 12 hours later, a number of the top crypto assets are still down in value between 4-12%, and some digital coins saw even bigger losses during the last 48 hours.

Things change quickly in the crypto ecosystem, as digital currency proponents have been dealing with extremely volatile prices this week. For instance, bitcoin (BTC) touched a top on September 1, as prices touched $12,044 per coin on Tuesday.

... Read more »

Category: News | Views: 31 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)

Check out this week’s Bad Crypto podcast.

While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that prediction but Ecoinometrics, a data analysis firm, thinks that the post-halving pattern points to a $41,000 price before the end of the year. Bitcoin will then hit six figures in mid-April, they say. Or you can take the advice of Max Keiser. The RT host sees Warren Buffett’s recent investments in Japan as a sign that the Sage of Omaha is getting out of dollars. Bitcoin, he says, will soon see all ... Read more »

Category: Analytics | Views: 38 | Added by: rozhkovagency | Date: 06.09.2020 | Comments (0)

Bitcoin has sustained a strong correction over the past few days as legacy markets have turned red. The price of the leading cryptocurrency just plunged under $10,000 minutes ago for the third time in the past 48 hours.

BTC now trades for $9,950 as of this article’s writing, around a percent or two above the local lows of $9,800.

The market’s momentum seems to be bearish. This is exemplified by futures markets for Bitcoin, which have begun to print a series of negative funding rates, which means the prices of these futures markets are below the spot/index price of BTC.

... Read more »

Category: Analytics | Views: 20 | Added by: rozhkovagency | Date: 06.09.2020 | Comments (0)

Bitcoin has seen some incredibly bearish price action throughout the past few days, with the cryptocurrency’s price declining to lows of $9,900 before being able to find some strong support.

The buying pressure here did prove to be rather significant, as it allowed the token to rally higher and once again stabilize within the lower-$10,000 region.

This mixed price action has done little to offer insight into its near-term trend, but it does appear that BTC is at a pivotal point.

Any sustained dip below $10,000 could cause it to post even further losses, whereas further strength may allow it to establish its $9,900 lows as a long-term bottom.

One analyst is noting that on-chain data seems to suggest that B ... Read more »

Category: News | Views: 39 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)

Bitcoin has slid lower as legacy markets have undergone a strong correction over recent days. This was evident when BTC crashed around 8% when the S&P 500 slid by around 3% in a single trading session.

The leading cryptocurrency seems primed to move lower if stocks continue to drop. But according to a macro analyst, if stocks slip lower, gold and Bitcoin may be able to hold up well.

Bitcoin Could Hold Up If Stocks Drop: Macro Analyst

Dan Tapiero, the co-founder of 10T Holdings, DTAP Capital, and Gold Bullion International, thinks that there is one crucial “worrying data point” about the stock market.

He shared the chart below, which shows that retail investors are m ... Read more »

Category: Analytics | Views: 33 | Added by: rozhkovagency | Date: 06.09.2020 | Comments (0)

Two new Bitcoin hacks have surfaced recently, showing the Electrum wallet still appears to be troubled by phishing efforts.

Two Electrum software wallet users have recently reported the loss of large sums of Bitcoin (BTC). One victim described the disappearance of 1,400 BTC, totaling $14,595,000 at press time, while another claimed 36.5 BTC, worth $380,512, as stolen. The events appear connected to a long-standing phishing scam affecting Electrum users since 2018. 

“Users need to be careful when dealing with their own keys, particularly when they are holding the keys to a wallet with a large amount of cryptocurrency as it makes them attractive to hackers,” Jason Lau, the chief operating officer of crypto excha ... Read more »

Category: News | Views: 28 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)

Bitcoin price declined over 15% in the past few days and it tested $10,000 against the US Dollar. BTC must stay above $10,000 to avoid more losses and a medium-term downtrend.

Bitcoin is trading well below the main $10,800 and $10,500 support levels.
The price even spiked below $10,000 and settled below the 100 simple moving average (4-hours).
There is a steep bearish trend line forming with resistance near $10,250 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to start a recovery wave above $10,250 or it could dive below $10,000.

Bitcoin is Testing Important Support

This past week, there was a sharp decline in bitcoin from the $12,000 resistance against ... Read more »

Views: 49 | Added by: rozhkovagency | Date: 06.09.2020 | Comments (0)

The price of Bitcoin briefly dropped below $10,000, causing the entire cryptocurrency market to slump in a short period.

The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%.

The daily chart of Bitcoin. Source: TradingView.com

Three factors likely contributed to the abr ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)

The price of Bitcoin looks shaky and risks losing the $10,000 level before the weekend is through but here’s what could happen next.

The past week has seen a significant sell-off across the markets with Bitcoin (BTC) losing more than 10% of its value. Other cryptocurrencies have been showing even more weakness as Ether (ETH) dropped by 30%.

In addition, the commodity and equity markets have also slid as the Nasdaq had a significant red week as well. The next step for the markets right now would be finding a bottom structure. Let’s look at the charts.

... Read more »

Category: Analytics | Views: 32 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)

Global Macro Investor CEO Raoul Pal has explained why he believes bitcoin is better than gold in every way. He proclaims that bitcoin is “the hardest form of money” and “the best reserve asset and best collateral asset ever seen.”

Bitcoin Is ‘the World’s Best Trade’

Macro strategist and former hedge fund manager Raoul Pal shared some analysis from his monthly global macro investment report early this week. The report is exclusively for Global Macro Investor clients. This month’s core focus is on bitcoin, particularly how the cryptocurrency compares to gold.

Pal previously co-managed the GLG Global Macro Fund in London after d ... Read more »

Category: Analytics | Views: 87 | Added by: danyagames2007 | Date: 06.09.2020 | Comments (0)