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The cryptocurrency market has seen increased movement of funds. With Bitcoin (BTC) going through a volatile period, the rest of the market has been seeing large funds move around. The asset’s latest jump above the $100,000 mark has led to the community placing ambitious bets. It looks like large investors could impact the price of the asset in a good way while small or retail investors might be causing hurdles. Also Read: BlackRock & SEC Clash Over Cardano’s Aggressive Pivot Bitcoin Holds Firm At $102,000 Source: Watcher Guru Throughout the past week, the world’s largest cryptocurrency recorded a notable rise of nearly 9%. The asset jumped from a low of $93,760 all the way to a high of $105,626. At the time of writing, BTC saw a slight correction. Therefore, the asset was trading at $102,743.97. During the past 24 hours, Bitcoin dipped by 2.52%. Source: CoinMarketCap Bitcoin reached an all-time high of $109,114.88 about four months ago in January. While the asset started 202...

Join Our Telegram channel to stay up to date on breaking news coverage After his account with the insolvent cryptocurrency lender Celsius Network was suspended, locking more than $210,000 in assets, Rogan Seldlin believed things couldn’t get any worse. The tax bill then appeared. The Florida-based 41-year-old software designer initially began making investments with Celsius in April 2021, drawn in by the platform’s double-digit rates on crypto holdings kept there. He even borrowed a $125,000 home equity line of credit and invested it all in Celsius. Seldlin experienced a range of emotions when the lender stopped allowing withdrawals in June, including rage, irritation, and finally resigned acceptance that the money was gone. A 1099 tax form was delivered, which made the anguish worse. He still owes income taxes on the $8,000 in interest he earned in 2022 despite not being able to access his money, according to the form. “I’m actually freaking out”,...

The former FTX CEO denied moving the funds saying; "I'm not and couldn't be moving any of those funds; I don't have access to them anymore.” Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond. On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallet s.  In response to the allegations that he may have been responsible for moving funds out of Alameda wallet s, he shared: “None of these are me. I'm not and couldn't be moving any of those funds ; I don't have access to them anymore.” None of these are me. I'm not and couldn't be moving any of those funds; I don't have access to them anymore.https://t.co/5Gkin30Ny5 — SBF (@SBF_FTX) December 30, 2022 SBF’s tweet was in response to a news story published by Cointelegraph, which reported that a wallet address that...