$500K Bitcoin Paid to Arrange Ex-Nissan CEO’s Escape From Japan

Carlos Ghosn — the ex-Nissan head who made a dramatic escape from house arrest in Japan in December — paid the extraction team half a billion dollars worth of crypto. According to U.S. prosecutors in a court filing, Ghosn’s son arranged for a payment to Peter Taylor — one of the two men who assisted the ex-Nissan chairman in fleeing Japan — of $500,000 in Bitcoin (BTC) through the U.S.-based crypto exchange Coinbase. Taylor and his father, ex-Green Beret Michael Taylor, smuggled Ghosn out of his Tokyo home in a…

These 3 Factors Suggest Bitcoin’s Uptrend is Just Getting Started

Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low. The benchmark cryptocurrency is starting to show signs of breaking its bout of incredibly low volatility. However, it has yet to shatter the upper boundary of its macro trading range, which sits at $10,000. Analysts are noting that there are a plethora of factors currently counting in BTC’s favor, including a MACD bull cross, its break above a multi-week trading range, and some positive signs on its lower…

Ethereum 2.0 Testnet Going Live Early August, ETH Surges

Share this article The Ethereum 2.0 testnet Madalla is scheduled to go live on Aug. 4 at 1:00 PM UTC, according to coordinator Danny Ryan. The launch date is currently tentative. Two conditions must be met before the testnet can launch. The first condition is to have a minimum of 16,384 validators onboard with each validator staking 32 ETH. This condition is set to simulate the Ethereum 2.0 mainnet as closely as possible. The second condition is the MIN_GENESIS_TIME, which defines the earliest time at which the network can launch…

Ethereum Options Traders Jump the Gun as ETH Price Soars to $280

Since the start of the week Ether (ETH) has gained more than 17% and the gains appear to be connected to increasing stablecoin use and the rise of DeFi applications.  As reported by Cointelegraph, Ethereum network usage surpassed Bitcoin’s, doubling the volume settled over the entirety of 2019. Another possibly bullish factor in the background is the Ethereum 2.0 final testnet scheduled for August 4. This appears to have investors in a good mood, despite the current rise in gas fees. Over the past week investors rushed to options markets,…

Crypto Usage and Trading Surging in Africa, Exchange CEO Says

Crypto usage and trading has made its way over to Africa, gaining prevalence all over the continent, according to Chris Maurice, CEO of Yellow Card — a crypto exchange based in Lagos, Nigeria. “In terms of the crypto scene and everything, things are growing very rapidly, really across the continent, but specifically in Nigeria, South Africa, Ghana, and Kenya,” Maurice told Cointelegraph in an interview.  With the four mentioned countries leading the crypto charge, Maurice added, “At this point, it’s just a matter of time before it continues to expand…

Former Director of the National Broadband Task Force Criticizes Anti-Encryption Bills

Under president Obama, Anurag Lal served as the director of the National Broadband Task Force. Currently he is the CEO of NetSfere, a company that provides secure messaging for enterprises. Lal believes that bills like the EARN IT Act and The Lawful Access to Encrypted Data Act essentially call for a ban of end-to-end encryption, and would do more harm than good. Anti-encryption laws bad for the economy & security Critics of these legislations say that it would be both bad for the U.S. economy and would make America less…

Ethereum Just Broke a Multi-Year Accumulation Range; $350 May Be Imminent

Ethereum incurred a strong impulse higher yesterday that allowed it to shatter through the upper boundary of its macro trading range between $230 and $250. This allowed the cryptocurrency to completely alter its technical trajectory, as analysts are now noting that it could be poised to push significantly higher in the days and weeks ahead. It is also important to note that the strength of this movement even created a tailwind that lifted Bitcoin higher, as the benchmark cryptocurrency closely followed ETH. Analysts are now noting that this latest move…

How Crypto Market Fear And Greed Be Used Profitably As A Trade Trigger

Investing in Bitcoin is a wild and bumpy ride. Some choose to “HODL,” while others decide to trade the normally volatile crypto asset. Both are subject to extreme fluctuations in price, however, traders can turn market sentiment into a profitable trading signal. Here’s how the cryptocurrency market fear and greed index can be used as a trade trigger, along with a clear anomaly where such a strategy proved completely ineffective. Contrarian Trading Against Speculative Sentiment And Hype Sentiment in the crypto market is nearly as all over the place as…

“There’s a Bitcoiner In the Hen House,” Pomp Says Regarding Crypto Bank Regulation

Recent regulatory approval for banking crypto custody comes after a Coinbase alum took a prominent seat as the Acting Comptroller of the Currency for the the Office of the Comptroller of the Currency, or OCC — a U.S. banking regulator.  “There’s one major change that occured over the last 60 days,” Morgan Creek Digital co-founder Anthony Pompliano said in a July 23 episode of his YouTube show, Lunch Money.  Pomp added: “Brian Brooks, who used to be the chief legal officer of Coinbase, is now the Acting Comptroller of the…

Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody

The price of Bitcoin (BTC) is up 5% in the past 24 hours and currently trades at $9,600 after reaching a daily high at $9,664. The overnight increase in BTC coincides with an unexpected decision from the Office of the Comptroller of the Currency (OCC). On July 22, the OCC said banks in the U.S. are allowed to hold cryptocurrencies. It essentially gave the green light to bank-operated crypto custodial services. Within a day of the announcement, the cryptocurrency market surged. In tandem with BTC, Ether (ETH) also saw a…