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LocalBitcoins to Shut Down After 10 Years Amid Challenging Market Conditions

Bitcoin exchange LocalBitcoins has announced its closure after serving customers for more than 10 years, citing the ongoing bear market. In a recent posting on its website, the exchange said it would be shutting down in the coming weeks due to tough market conditions. The platform...

, by Ruholamin Haqshanas

Eight in 10 Russians Say Bitcoin Is World’s Most Reliable Digital Asset

Almost eight in 10 Russians think Bitcoin (BTC) is the “most reliable” cryptoasset in circulation. And almost a third said they have used crypto “at least once.”These were the results of a survey conducted by the Russian crypto exchange Bitbanker and the researcher Cupli...

, by Tim Alper

Brazil Legalizes Crypto Payments, ‘Setting the Stage for Greater Bitcoin Adoption’

Jair Bolsonaro, the President of Brazil, has signed a bill that legalizes and regulates Bitcoin (BTC) and other cryptocurrencies as a payment option in the country. Bolsonaro signed a bill into law that established the country's official and complete framework for the trading and use of...

, by Sead Fadilpašić

Early Amazon Investor Bill Miller is Still Bullish on Bitcoin Despite the Recent Crash – What Does he Know?

Bill Miller, a famed American investor, fund manager, and philanthropist, is still bullish on Bitcoin despite the recent crypto meltdown that has seen the price of the flagship cryptocurrency plunge by around 75% compared to its all-time high. In an interview with Barron’s on...

, by Ruholamin Haqshanas

Crypto Billionaire Arthur Hayes Says Bitcoin May ‘Crash Back Down’ If This Happens – Here’s What You Need to Know

Crypto billionaire and former CEO of BitMex Arthur Hayes has warned that Bitcoin may lose all of its recent gains if the Federal Reserve does not pivot away from its current monthly rate-hiking monetary policy.In a January 19 blog post, Hayes talked about inflation and how it could impact...

, by Ruholamin Haqshanas

$300 Billion Investment Firm Guggenheim Partners Says More Crypto Companies Will Collapse Soon – Here’s Why

The major investment firm Guggenheim Partners says the crypto industry will see more companies collapse as central banks decisively end the era of “easy money.”Speaking with Bloomberg ahead of the Federal Reserve’s interest rate announcement on Wednesday, Guggenheim Partners Chief...

, by Fredrik Vold

Dating App Crypto Scammers Strike Again as Catfished Japanese Man Loses $90k

Crypto scammers are ramping up their catfishing campaigns on East Asian dating apps, with another Japanese man falling victim to fraudsters. The man lost “more than $90,000” to a “foreign woman” – who has since vanished.NHK reported that, per the police, the man...

, by Tim Alper

What Bitcoin Price Models Flashing Green Reveal – Is Crypto Winter Turning to Spring

Bitcoin has been pumping since the start of 2023. The world’s first and largest cryptocurrency by market capitalization was last changing hands close to $21,000, up a stunning 27% so far on the month. That means Bitcoin is on course for its best monthly gain since October 2021, despite the...

, by Michael Davis

MicroStrategy’s Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here’s What You Need to Know

Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.The net loss for MicroStrategy for the fourth quarter ended up at $249.7m, with the number dragged down...

, by Fredrik Vold

Bitcoin “Golden Cross” Confirmed – What Next for BTC Price?

An important technical event just occurred in the Bitcoin market. For the first time in more than a year, Bitcoin’s 50-Day Simple Moving Average (SMA), now at $19,825 just moved to the north of its 200-Day SMA, now at $19,723. When the 50-Day SMA moves above the 200-Day SMA, technicians refer...

, by Michael Davis

Russian Energy Companies Crack Down on Domestic Crypto Miners

Russian energy providers are hunting illegal crypto miners who are plying their trade from home, the government has said.Per Izvestia, Deputy Energy Minister Pavel Snikkars stated that some “home”-based miners have successfully changed the load profile of their electrical connections...

, by Tim Alper

Hive Blockchain Shares Are Up 100% YTD, Deploys Intel’s Blockscale Chip For Bitcoin Mining Machines

The shares of Bitcoin (BTC) mining firm Hive Blockchain (HIVE) are up more than 100% since the year began, while it just recently deployed its first machines based on Intel's (INTC) Blockscale chips.Between Tuesday, January 3 and Friday, January 13, 2023, HIVE shares jumped 104.6%. On January...

, by Sead Fadilpašić

Bitcoin Transactions Surge to 21 Month High – What This Means For BTC Price

The number of transactions recorded on the Bitcoin blockchain jumped to nearly 300,000 on Saturday the 14 of January, its highest level since April 2021, according to data from crypto analytics firm Glassnode. Just a few weeks ago, daily transactions had been as low as 240,000.The uptick in...

, by Michael Davis

S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing

Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online Bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.Per Kuki News, Twitter and Telegram are still rife with posts from South Korean drug dealers...

, by Tim Alper

Bitcoin Addresses with Non-Zero Balance Could Soon Hit Record High – What This Means for BTC Price

According to Glassnode data, the number of Bitcoin wallet addresses holding a non-zero balance could soon hit an all-time high, with the latest price rally that has seen the value of the world’s largest cryptocurrency jump nearly 40% this year seemingly drawing in new investors.According to...

, by Michael Davis

Today in Crypto: Decred Launches Social Media & Messaging Platform, Opera Announces a Suite of Security Features, T-Systems MMS Participates in Chainlink Staking

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Social media news Decred (DCR) announced the launch of Bison Relay, described as a “private, censorship-resistant...

, by Sead Fadilpašić

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