Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges

On-chain data shows Bitcoin exchange inflows from whales holding between 1k to 10k BTC have spiked up recently, a sign that can be bearish for the price of the crypto. Bitcoin Exchange Inflows Spike Up Following Rally Above $24k As pointed out by a CryptoQuant post, the BTC whales with between 1k to 10k BTC seem to have sent a large stack to exchanges recently.

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Panama's “bitcoin (BTC) and crypto-friendly” bank Towerbank says it will bar its customers from making use of crypto mixers – in the wake of the United States Office of Foreign Assets Control (OFAC)'s move to sanction Tornado Cash earlier this month.

The world's largest asset manager just launched a private trust that tracks the performance of Bitcoin (BTC) for wealthy clients. In a statement, BlackRock says that the spot Bitcoin private trust will cater to institutional clients in the United States.

Cypherpunk Holdings, a Canadian-based financial firm, sold off 100% of its Bitcoin holdings in the wake of blistering crypto winter, but the firm says it remains 100% bullish on the asset.

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities.

Ethereum is outperforming Bitcoin ahead of The Merge in September, with the second largest cryptocurrency by market cap rising 61% against Bitcoin since June. The post Ethereum leads the charge against Bitcoin, rising 61% since June — Flippening price target at $3,750 appeared first on CryptoSlate.

An Ohio man is accused of fraudulently soliciting funds for digital asset trading in a new CFTC civil enforcement action. The post CFTC accuses Ohio man of operating $12 million ‘bitcoin Ponzi scheme' appeared first on The Block.

SkyBridge Capital CEO Anthony Scaramucci says investors would do well if they looked at Bitcoin (BTC/USD) and Ethereum (ETH/USD) – the two top cryptocurrencies in the market by market cap – as long term investments. Scaramucci, the founder of the US-based investment management firm, shared these views during an interview with CNBC's ‘Squawk Box.

BlackRock, a global investment manager, is forming a private trust to provide institutional investors with exposure to spot Bitcoin. This will be the first trust to provide direct BTC exposure to institutional clients in the United States.

Bitcoin (BTC/USD) ceded some additional recent gains early in the Asian session as the pair weakened to the 23600.01 area after encountering additional selling pressure around the 24383.85 and 24166.95 levels.  Traders were unable to push BTC/USD above the 24209.14 area during a slight move higher, a level that represents the 61.8% retracement of the depreciating range from 28314.52 to 17567.45.

Quick Take Liquid Network is a Bitcoin sidechain that was launched in 2018 Since then, it has seen modest but steady growth in Total Value Locked (TVL) Liquid Network offers faster and cheaper transactions, with privacy features for users However, for all the benefits that Liquid Network provides, it sacrifices a great deal of decentralization and censorship-resistance