After falling under $10,450 on October 2, Bitcoin’s (BTC) price has recovered over the weekend reaching above $10,700 by Tuesday, October 6. Various factors could affect BTC’s price action this week and we look at some of those here:
The interim executive director of FCA, Sheldon Mills, made a speech regarding the ban of crypto-derivatives, that they potentially pose a high risk of huge losses to retail consumers due to the instances of cybercrime. Mills backed this up through a shred of supporting evidence from the previous instances of scams that retailers have faced.
A potential fail in the fiat currencies is raising alarm to investors and businesses organizations that an alternative means is to be adopted to remain stable within the competitive economy. Continuous deflation is creeping up as the governments continue to print more money.
Bitcoin finishes the week up about 6%, still below $11,000 but above $10,000 having set a record of 63 days after which the protection of the digital coin is beginning to be considered boring by some traders.
Egyptian crypto community is opting this as an alternative to caution themselves against unemployment and hard economic time resulting from the Covid-19 pandemic.
J. Barry Thompson, the principal of Volantis Escrow Platform LLC has pled guilty to participating in a scheme to defraud his victims of millions of dollars. This announcement by the Department of Justice (DOJ) comes slightly over 2 years after the incident occurred.
Jon Thompson the owner of Volantis admitted to having committed a multimillion-dollar crypto fraud before Manhattan federal district court for failing to complete $3.25m and $7 transactions respectively to an unnamed customers
U.S district court headed by Alvin Hellerstein passed on a judgement in favour of the U.S.
A 36-year-old woman from the state of Nevada namely, Kristy Lynn Felkins has been sentenced for 10-year imprisonment for a failed attempt to murder ex-husband with a hired dark web hitman. In her defense, she opted for a cruel alternative in an attempt to seek vengeance for her ex-spouse.
On Tuesday the Paris-French police carried out an operation and apprehended 29 individuals around the country. The operation was aimed at cracking down a complex anti-terrorism network scheme for funding Islamic extremist in Syria.
You wouldn’t expect such a tragedy amid the oncoming the presidential debate and subsequent election. The
U.S. federal court litigation charged exchange operators with running an unregistered trading site and failure to impose anti-money laundering and other restrictions. Criminal cases have since been filed