After a clean break of immediate resistance on the 4H charts yesterday night, Bitcoin (BTC) went on to break $10,000. Now, it has temporarily settled at around 9,800, with support at around 9,500-9,000 and resistance at 10,000. The 10 EMA is also trailing smoothly both in the 4H and 1D chart. A swing above 10,000 before the halving could ultimately see a break towards 10,500 - 12,000, but if price remains at around this range, the halving will be a great indicator of future momentum for the rest of Q2 and the early stages of Q3.
Global market cap is at $267B, while BTC's market cap is at $181B.
The TON Community launched the free TON Blockchain on May 7. The group declared that the launch would push through despite the ongoing dispute between Telegram and the U.S. SEC. According to an announcement by TON labs, the free TON blockchain will be distributed along with free "TON" tokens to users and it will be independent from Telegram. Anyone can join the distribution, while it won't be available to U.S. residents initially.
The TON Community is an independent group comprised of software developers, validators, and users.
US authorities have seized a COVID-19 website after allegations that its owner tried to sell the domain for bitcoin - and that the owner wanted to use the site to sell fake COVID-19 test kits. The domain, coronaprevention.org, was listed on a forum "known to focus on content related to hacking and hijacking online accounts," and was being sold for $500 worth of bitcoin. An undercover agent reached out and ultimately sent a partial payment to an undisclosed bicoin address, and the website was ultimately seized by the US Department of Justice (DOJ) and Department of Homeland Security (DHS).
Paul Tudor Jones, billionaire founder of hedge fund, Tudor Investment Corporation, recently revealed that Bitcoin is part of his portfolio. According to a report by Bloomberg, Jones is buying bitcoin as hedge from the inflation coming from the money-printing by central banks amid the ongoing coronavirus global pandemic. Tudor BVI, a hedge fund operated by Tudor Investment Corporation, is holding a percentage of its assets in Bitcoin Futures.
Michael Terpin, a crypto investor, is suing Ellis Pinsky, a teenager from New York, for $71.4 million in damages for allegedly stealing $23.8 million in crypto from him in 2018. Pinsky, along with his co-conspirators, used a SIM swap from the plaintiff to commit the crime, all when Pinsky was just 15. At the time, Terpin's representative said that Pinsky returned $2 million of the funds, but now that he is 18, Terpin is suing for the remianing of the funds plus three times the damages.
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