US Regulator Charges South African MTI and Its Operator With $1.7 Billion Fraud Involving Bitcoin

The U.S. Commodity Futures Trading Commission (CFTC) has charged Mirror Trading International (MTI) and its operator with a $1.7 billion fraud involving bitcoin. This action is the regulator's largest fraud scheme case involving the cryptocurrency. CFTC Takes Action Against MTI The CFTC announced Thursday that it has charged a “South African pool operator and CEO

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The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Mirror Trading International Proprietary Limited (MTI) and its CEO, Cornelius Johannes Steynberg. The [...]

El Salvador's president Nayib Bukele announced on 1 July that his country added 80 Bitcoin [BTC] to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that he described as cheap.

Earlier today, reports emerged that Ledn, a Canada-based lending network offered to help save BlockFi from its troubles. In other news, Deribit and Blockchain.com call for liquidation of 3 Arrows Capital, while El Salvador buys a new BTC chunk.

The price of the flagship cryptocurrency Bitcoin ($BTC) has posted its worst quarterly performance in more than a decade, as in the second quarter of this year it lost around 58% of its value, going from $45,524 to just under $19,000 at the end of the three-month period. According to data from CryptoCompare, as first

Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the macro-economic environment.

Bitcoin miner Bitfarms made 40% less in revenues during June, while mining only 2.6% fewer bitcoins. The post Bitfarms' bitcoin mining revenue fell roughly 40% in June appeared first on The Block.

Voyager Digital LLC, the operating platform of Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF), temporarily suspends trading, deposits, withdrawals, and loyalty rewards, effective July 1, 2022, at 2:00 p.m.

The “delta capitalization” model of Bitcoin may suggest that around $15k could be a possible bottom for the crypto's price. Past Delta Cap Trend Shows Bitcoin May Still Face More Decline Before A Bottom As explained by an analyst in a CryptoQuant post, the BTC market cap is now below the realized cap, but still above the delta cap.

CryptoQuant CEO Ki Young Ju has explained that most bitcoin investors haven't left the market, and explains how they can drive the prices of crypto assets back up. The post This ‘Loaded Bullet' can Spike the Price of Bitcoin Even in its Worst Month appeared first on BeInCrypto.

The crypto industry has experienced its worst month ever as over $400 billion was wiped off the market by the capitulation of digital assets in June. The post Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June appeared first on CryptoSlate.