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5 things to know about Bitcoin this week

bitcoin (BTC) begins another week in a precarious position after suffering its largest losses since November 2022. In a major drop from the ten-month highs, BTC/USD lost around 10% before the weekly candle finally closed. At around $27,600, the culmination of a few dark days for long traders means that BTC/USD is now caught fighting for support from last month. Market players are split on how the…

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WEF Promo Video Shows Bitcoin Mining, But Omits B-Word

The World Economic Forum (WEF) showcased the facilities and technology employed by a cryptocurrency mining company and hinted that its operations were the “biggest winner” for the environment – but it never said that he was mining crypto. Published on April 20, the WEF video encouraged efforts to reduce flaring – where large amounts of gas from oil production or decay are wasted – by…

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U.S. IRS Revenue Collector To Send Four Crypto Crime Investigators Abroad CryptoBlog

The Internal Revenue Service (IRS) plans to send investigators to four countries where they are expected to tackle the use of crypto and decentralized financial products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine the success of the pilot program by evaluating the “ability to work cooperatively” of investigators with global…

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US Treasury seeks to tighten non-banking rules after banking crisis

The US Treasury and a number of leading US financial regulators have suggested new rules to make it easier for the Federal Reserve to designate non-bank institutions as systemically important, making it easier to oversee and regulate them. In Remarks At the April 21 Financial Stability Supervisory Board (FSOC) meeting, U.S. Treasury Secretary Janet Yellen raised concerns about “non-bank”…

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Crypto Influencer Oscar Ramos Reviews Love Hate Inu - Best Crypto To Buy In 2023

Join our Telegram channel to stay up to date on news coverage Oscar Ramos analyzed the brand new meme piece I love hate Inu, which uses blockchain technology to implement their vote-to-win concept. Love Hate Inu achieved a successful pre-sale, surpassing the $5.8 million mark and preparing for the expected explosion that will occur when it goes on sale to the public. Oscar Ramos on Love Hate…

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MATIC below key support levels: what next?

MATIC below key support levels: what next? MATIC had consolidated between $1.4 and $1.8 until it faced downside pressure and declined. Over the past week, it has depreciated by nearly 16%, with a 6% decline on the daily chart. The technical outlook indicated bearish price action, with falling demand and accumulation. Major altcoins also struggled to break above their resistance levels as Bitcoin…

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Loopring (LRC) slips 20% in 5 days despite the launch of NFT Red Packet 2.0

Loopring (LRC) prices remain under pressure, falling around 20% a few days after announcing the launch of the non-fungible token (NFT) Red Packet 2.0. Loopring Announces Red Packet 2.0 Loopring, a decentralized layer 2 exchange using zkRollups on Ethereum allowing traders to exchange assets, said NFT Red Packet 2.0, currently available on their Loopring smart wallet and web application, allows…

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ADA (Cardano) price near $0.38 could trigger a bigger correction

Cardano price started a fresh decline from the $0.460 resistance. ADA could drop further if there is a clear move below the $0.38 support. ADA price fell sharply from the $0.460 resistance against the US Dollar. The price is trading below $0.400 and the 100 simple moving average (4-hours). There was a break below a key uptrend line with support near $0.4150 on the 4-hours chart of the ADA/USD…

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Bank of Korea has the right to investigate local crypto companies: report

South Korea’s central bank has been given the green light to step up its scrutiny of cryptocurrency service operators and issuers amid new talks over virtual asset legislation in the country. On April 20, local media The Korea Herald reported the Bank of Korea (BoK) will have the right to investigate operators of cryptocurrency-related businesses. South Korea’s central bank competes with the…

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Arbitrum Crypto Price Prediction 2023 - Will $ARB Reach $10

Join our Telegram channel to stay up to date on news coverage Due to its efficiency, the Arbitrum One network has executed over 200 million transactions and has more daily active addresses than Ethereum. When the highly anticipated Arbitrum token airdrop was about to be announced, it generated a lot of interest. As a result, the protocol actually outperformed Ethereum in terms of daily active…

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US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine – Bitcoin News

A Russian crypto entrepreneur accused of laundering money from ransomware attacks has been sentenced to probation and fined in the United States after pleading guilty. The founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the United States last year. Oregon Court Convicts Russia for Processing Ryuk Payments A Russian national accused of money…

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Ethereum price vulnerable to more losses if it stays below $1,920

Ethereum price extended its decline below $1,920 against the US Dollar. ETH might continue lower if it breaks through the $1,820 support zone. Ethereum traded even lower below the $1,920 support. The price is trading below $1,920 and the 100 hourly simple moving average. There was a break above a major bearish trendline with resistance near $1,860 on the hourly chart of ETH/USD (data feed via…

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Bitcoin Price May Resume Rising, But 100 SMA Is Key

Bitcoin price is attempting a further increase from the $27,200 support. BTC needs to clear $28,000 to start a decent short-term rise. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly simple moving average. There was a break above a key bearish trendline with resistance near $27,500 on the hourly chart of the BTC/USD pair (data…

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Syrian Official Says US Is Imposing Sanctions To Steal Nations Assets And Exercise Control

The Syrian foreign minister said the United States is imposing sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The United States is “the biggest beneficiary of wars and fueling global conflicts, in an effort to maintain the dollar’s dominance in the global economy and trade,” a Russian official said. US sanctions aim to steal assets and keep targeted nations…

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OPNX CEO berates backers after some deny investing in company

A number of supposed Open Exchange (OPNX) investors have been lambasted by the crypto debt exchange platform’s CEO after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX CEO Leslie Lamb tweeted that the companies’ behavior was “disgusting” and “disappointing,” saying they “want all the benefits with little to no risk.” “I’m here to remind…

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Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns

Russia has warned that existing and new anti-Russian sanctions imposed by the United States and other Western countries will lead to a global economic crisis. “The current sanctions that have been imposed on our country and the additional new measures that Brussels and Washington are probably considering now will hit the global economy hard,” Russian President Vladimir Putin’s spokesman…

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Janice McAfee Continues Battle to Free John McAfee's Remains, 670 Days After His Death

Last year in July, it was widely reported that the body of enigmatic tech tycoon John McAfee, now deceased, was still in a Spanish morgue for a year after his untimely demise. McAfee’s widow, Janice, took to social media to express her distress over the prolonged delay in the release of her remains. It is a great frustration for her that, even after an incredible 670 days, she is still unable to…