Terra Luna Classic Community Approves 800 Million USTC Burn Proposal Amid Controversy

The Terra Luna Classic community has approved a proposal to burn 800 million USTC. The proposal, put forth by a prominent member of the LUNC community known as Vegas, suggested blacklisting the Ozone Protocol wallet that contained 800 million USTC, effectively freezing the tokens instead of destroyi ...

Avalanche (AVAX) Faces Resistance at $10.50 Amid Bearish RSI Trend

Instead, the token formed a long upper wick (red icon) and dropped below this area, indicating a significant change in the price dynamics. The $10.50 area holds particular importance as the altcoin had been trading above it since 2021. This area has now been confirmed as a formidable resistance. ...

Dogecoin (DOGE) Holds Long-Term Support Despite Recent Decline

Despite the recent break of the horizontal support area on the lower timeframe, longer-term support has remained intact for Dogecoin (DOGE). Technical analysis on the daily timeframe reveals that DOGE's price has held above the $0.060 mark since June 10. However, it also indicates that the token ...

Ethereum Price Navigates Critical $1,500 Support Amid Challenging Scenario

Ethereum (ETH) is facing a challenging scenario in its price as it moves lower toward the crucial $1,500 support level against the US dollar. The cryptocurrency may experience a corrective rally, but its upside potential could be capped around the $1,565 mark. Here are the key points about Ethere ...

Dogecoin Daily Transaction Count Drops Significantly, While Kabosu Statue Unveiling Poses Potential Catalyst

Friday the 13th is often considered an unlucky day due to superstitions. Interestingly, while it has historically been bearish for the S&P 500, Bitcoin has performed positively on this day. Data from Matrixport, a crypto services provider, shows that since 2010, Bitcoin has, on average, risen 1% ...

XRP Drops to One-Month Low Amid Market Bearishness and Geopolitical Tensions

XRP, the cryptocurrency associated with Ripple, has faced a recent decline, hitting a one-month low around $0.48. Several factors are contributing to this drop: General Market Bearishness: XRP's recent decline is part of a broader bearish trend in the cryptocurrency market. Many other c ...

Canadian Bitcoin Miner Hut 8 Stays Committed to Accumulating Self-Mined BT

Hut 8, a Canadian Bitcoin (BTC) mining company, continues to accumulate self-mined BTC despite a merger deal with US Bitcoin (USBTC). In September 2023, Hut 8 mined 111 Bitcoin, bringing its self-mined BTC reserves to 9,366 Bitcoin. While this represents an 8% increase from the previous month, it is ...

Exploring Promising Cryptocurrencies Amidst Market Correction: Bancor (BNT), Cartesi (CTSI), and Holo (HOT)

The cryptocurrency market is currently experiencing a mixed and bearish trend, with Bitcoin and altcoins undergoing a downward correction. This market condition has led investors to explore emerging crypto projects that have the potential for significant price swings. Three cryptocurrencies, in part ...

Tezos (XTZ) Surges 13% as Price Breaks 230-Day Resistance Trendline

The price of Tezos (XTZ) recently broke through a 230-day resistance trendline, resulting in a 13% increase in a single day. This unexpected breakout has garnered significant market attention and raised questions about its underlying causes and potential implications. Tezos had been trading under ...

XRP Whale and Shark Addresses Accumulate 1.5 Billion XRP in Past Year

Whale and shark addresses on the XRP Ledger, which hold between 100,000 and 100 million XRP, have accumulated over 1.5 billion XRP since October of the previous year, despite a decline in whale transactions on the network. These addresses, considered significant holders, have been steadily increasin ...

OpenSea Responds to Accusations Involving Former Employee in AnubisDAO Incident

OpenSea, a well-known non-fungible token (NFT) platform, has responded to recent accusations on social media regarding the involvement of a former employee in the AnubisDAO rug pull incident of 2021. The accusations, made by an anonymous account called NFT Ethics, suggested that Kevin Pawlak, a form ...

Hong Kong Yet to Regulate Stablecoins, Retail Trading Remains Restricted

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

Former SWIFT Employee’s Comment on XRP Integration Sparks Excitement in XRP Community

The XRP community has been buzzing with excitement over a potentially dated statement from a former SWIFT employee hinting at the integration of XRP with the SWIFT network. Key points from the article: Former SWIFT Employee: In a recently unearthed interview, Graham Bright, who worke ...

Investors in EthereumMax (EMAX) Lawsuit Granted Final Chance to Revise Claims Against Celebrities

Investors involved in the EthereumMax (EMAX) class action lawsuit have been granted a final opportunity to revise their claims against celebrities accused of endorsing the now-defunct cryptocurrency. In an order dated October 3, United States District Court Judge Michael Fitzgerald extended a thi ...

Revelations in Sam Bankman-Fried’s Trial: Signal Messages, Relationships, and Risk-Taking

On the third day of the trial of Sam Bankman-Fried (SBF), founder of FTX, several revelations came to light. One significant revelation was that SBF urged his employees to use the Signal app and set the auto-delete feature for their messages, emphasizing that keeping messages had downsides. Adam ...

Crypto Money Laundering Hits $7 Billion, Outpacing Earlier Projections

Crypto laundered through coin swaps, bridges, and decentralized exchanges (DEXs) has reached $7 billion, according to a report by analytics firm Elliptic. This figure surpassed the firm's previous estimate of $6.5 billion by the end of 2023 and had already been reached as of July 2023. Criminals are ...

Trust Wallet Token (TWT) Surges 14% to Reach Two-Month High: What’s Driving the Rally?

Trust Wallet Token (TWT), the native utility and governance token of Trust Wallet, has experienced a significant surge of 14% in the past 24 hours, reaching a two-month high of $0.934. This increase in price is accompanied by a substantial spike in trading volume, which has risen by 1429% over the s ...

XRP Falls Below Key Support Levels: Analyzing the Situation

XRP, the cryptocurrency associated with Ripple, has recently seen a significant price drop, falling below two important support levels. It is currently trading at $0.5224, below both the 50 EMA (Exponential Moving Average) and close to the 200 EMA. While this might raise concerns, a closer examinati ...

Floki Partners with Karma to Enhance Security for DeFi Launchpads

Floki, a prominent cryptocurrency, has entered into a strategic partnership with Karma, a launchpad and decentralized finance (DeFi) platform. The collaboration aims to enhance the security and reliability of Karma's launchpad operations. Karma is known for its innovative approach to launchpads, ...

XRP Community Speculates on the Possibility of a $130 Price Target

The XRP community has been speculating about the possibility of XRP reaching $130 in the future. This speculation is based on a past post from Ripple CTO David Schwartz, who commented on an unprecedented surge in Liberty Tripadvisor class B shares in April 2020. The XRP community has interpreted thi ...

Axie Infinity (AXS) Faces Bearish Momentum: Potential Scenarios for the Cryptocurrency

Axie Infinity (AXS) is currently trading at $4.47 and has been in a downtrend since the beginning of the year, after reaching its 2023 highs in late January. The failure to breach the 50-day Exponential Moving Average (EMA) and the Relative Strength Index (RSI) dropping below 50.0 suggest a bearish ...

Sam Bankman-Fried’s Trial Begins Amid Wire Fraud and Money Laundering Allegations

Sam Bankman-Fried, facing charges of wire fraud, money laundering, and conspiracy, arrived 30 minutes late for the first day of his trial. He is accused of misappropriating customer funds from FTX. The trial started with neither the government prosecutors nor Bankman-Fried's defense team having rece ...

Key Observations from the Start of Sam Bankman-Fried’s High-Profile Tria

The high-profile trial of former FTX CEO Sam Bankman-Fried commenced on October 3, attracting significant attention both inside and outside the Manhattan courtroom. Here are some notable observations and details from the first day of the trial: Bankman-Fried's Physical Appearance: ...

Economist Predicts ‘Monster’ Move for Bitcoin and Risk Assets Based on BTC/SPX Ratio

Economist Henrik Zeberg, specializing in macroeconomics, is foreseeing a significant move for Bitcoin (BTC) and other risk assets, characterizing it as a potential "monster" move. His analysis is centered around the BTC/SPX Ratio, an indicator that evaluates Bitcoin's performance relative to the S&a ...

Individual Linked to Cryptocurrency Money Laundering Operation Selling Stolen Tokens at Discounted Rates

Blockchain analysis experts have uncovered an individual allegedly linked to a cryptocurrency money laundering operation selling stolen tokens from recent high-profile exchange hacks at discounted rates. These investigations led to an individual who is reportedly selling stolen cryptocurrency tokens ...

The Future of Cryptocurrency: A Comprehensive Guide to Digital Money

As of my last knowledge update in September 2021, there was no information available about Honda accepting cryptocurrencies like Bitcoin and Ethereum for vehicle purchases. However, the cryptocurrency space is rapidly evolving, and it's possible that developments have occurred since then. The new ...

Hong Kong’s Crypto Initiatives Fuel Optimism for Crypto Adoption in East Asia

Recent developments in the crypto space in Hong Kong could potentially boost cryptocurrency activity in East Asia, which has been impacted by China's ban on trading activities since 2019. According to a report by Chainalysis, cryptocurrency value received in East Asia accounted for just 8.8% of the ...

Bitcoin Price Analysis for October: Historical Trends and Future Outlook

Bitcoin Price Analysis for October: What to Expect October historically has been a significant month for Bitcoin in terms of price action. On average, Bitcoin experiences a 17% price increase during this month, excluding the early and more volatile years of its existence. When examining pr ...

Bitcoin Price Undergoes Correction but Maintains Bullish Momentum

Bitcoin Price Experiences Technical Correction, but Bullish Momentum Persists The price of Bitcoin (BTC) recently made further gains and approached the resistance at $28,500. Following this, BTC underwent a corrective phase but has since found support at the $27,350 level. Bitcoin continued it ...

Silk Road Founder Ross Ulbricht Marks 10 Years in Prison, Leaving a Controversial Legacy in Bitcoin’s History

Ross Ulbricht, the founder of the darknet marketplace Silk Road, recently marked 10 years in prison. Despite the illegal activities associated with Silk Road, Ulbricht is viewed by some in the crypto community as having contributed to the accelerated adoption of Bitcoin. Silk Road was an online b ...

Bitcoin Ends September with 5% Gain, Strong October Start Fuels Bullish Sentiment

The price of Bitcoin (BTC) closed September on a positive note, marking a nearly 5% increase for the month. The early days of October have seen a substantial price surge, which is still ongoing. Analyzing the weekly timeframe, it's evident that BTC's price has been rising since the beginning of S ...

South Korean Man Sentenced to Prison for Involvement in Bitcoin Fraud Scheme

A South Korean court has sentenced a 70-year-old man to prison for his involvement in a Bitcoin (BTC) fraud scheme. The man, identified only by the initial A, received a one-year jail term for his role in a telecommunications-related financial fraud. According to Kyeonggi Ilbo, the man was recrui ...

Crypto-Related Exploits Reach All-Time High in September 2023, With $329.8 Million Stolen

In September 2023, crypto-related exploits reached an unfortunate peak, making it the worst month of the year so far in terms of cryptocurrency theft, with a staggering $329.8 million in digital assets stolen. Blockchain security firm CertiK reported on October 2 that the most significant contrib ...

Ethereum Price Analysis: ETH Eyes $1,750 Resistance, Bulls Eye Further Gains

The Ethereum price is currently making an effort to surpass the $1,720 level against the US Dollar, with potential for further acceleration if it manages to clear the $1,750 resistance. Ethereum is currently striving to exceed the $1,720 level, maintaining a trading position above $1,700, and sta ...

Crypto Analyst Warns of Potential 63% Bitcoin Crash

Nicholas Merten, a popular crypto analyst and host of DataDash, has warned of a potential Bitcoin (BTC) crash, suggesting that the cryptocurrency could plummet by nearly 63% to around $10,000. He attributes this potential crash to several factors, including declining market liquidity due to the Fede ...

Bitcoin’s Price Hovers Around $27,000 Amidst Short Squeeze

On September 29, Bitcoin (BTC) experienced price fluctuations, bouncing around the $27,000 level as it attempted to challenge the month's highest levels. Despite a short squeeze pushing it above $27,000, Bitcoin bulls failed to establish a new monthly peak. Bitcoin reached a high of $27,300 on Bi ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Maker (MKR) Sees Surge in Active Addresses, Reaches 10-Week High

Maker (MKR) experiences a surge in the number of active addresses, hitting a 10-week high. The increase in active addresses indicates growing user participation in the Maker ecosystem. The price of MKR has seen a 40% surge in the past 16 days, reaching $1,500. Caution is advised as there is an in ...

Chainlink’s (LINK) Recent Rally Faces Potential Correction: Key Considerations

Chainlink (LINK) has experienced a significant rally over the past two weeks, with its price rising by more than 32% and approaching the $8 mark. However, there are signs that a correction could be on the horizon before further gains are possible. Here are some key points to consider regarding Ch ...

Whales and Market Makers Impact FRONT Token with Strategic Moves

Whales and market makers in the cryptocurrency world are known for their ability to influence prices with their significant holdings and strategic trading decisions. Recently, there has been notable activity surrounding FRONT, an altcoin that experienced a significant price increase of over 50% in a ...

Arbitrum Odyssey Relaunches with GMX Campaign and 13 Projects to Explore

Arbitrum Odyssey has been relaunched with its campaign featuring tasks available on GMX. The first task of the campaign began on September 26 and will continue until October 1. Participants are encouraged to engage in activities such as leveraged trading on the GMX V2 market and sharing GMX referral ...

Ethereum (ETH) Shows Signs of Recovery, Targets Key Resistance at $1,620

Ethereum (ETH) is showing signs of a potential recovery as it attempts to move higher from the $1,565 support level against the US Dollar. To establish a strong recovery, ETH must surpass key resistance levels, particularly $1,620. Key points to consider: Ethereum is striving for a r ...

Cryptocurrency Market Analysis: Key Insights and Trends for 2023

Venezuela has decided to extend the reorganization and shutdown period for its crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip), until March 24, 2024. This extension comes after Sunacrip ceased its operations in March 2023 due to a corruption scandal involving its form ...

Bitcoin Ordinals Inventor Proposes ‘Runes’ Fungible Token Protocol as Alternative to BRC-20

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

Floki Inu Issues Warning About Fake Airdrop Scams Targeting Its Community

Floki Inu has issued a warning to its community about fake airdrop scams that are attempting to deceive and exploit unsuspecting users. Scammers have been promoting a deceitful "Floki Airdrop" scheme, promising free tokens to Floki holders. However, Floki Inu has made it clear that there is currentl ...

Bitcoin Price Stabilizes at $25,833 Amid Market Volatility and Macroeconomic Data

Bitcoin's price has experienced a steady decline in recent weeks, with some stabilization observed recently. Currently, the price of Bitcoin is around $25,833 on eToro. The decline in Bitcoin's performance has been attributed to factors like volatility and macroeconomic data. At the start of the ...

Long-Term Bitcoin Holders (LTHs) Show Strong Conviction as They Accumulate a Significant Portion of BTC Supply

Long-term Bitcoin holders (LTHs), often referred to as "Hodlers," are showing strong conviction in their Bitcoin positions, with data from crypto analytics firm "Into the Block" revealing that they now hold approximately 13.44 million Bitcoins. This represents a significant portion of the total circ ...

Ethereum (ETH) Price Analysis: Bearish Trend Continues Below $1,600

Ethereum (ETH) price has continued to decline and is currently trading below the $1,600 support level against the US Dollar. ETH is in a bearish zone and may test the $1,500 support zone. Here are some key technical indicators and price levels to watch for Ethereum: Ethereum is tradi ...

Chainlink (LINK) On-Chain Activity Surges Amidst Major Developments

Chainlink (LINK) has been experiencing a surge in on-chain activity, coinciding with a significant price increase since September 18, 2023. This surge in LINK's price began when reports emerged about a major bank partnering with Chainlink to test the cross-chain interoperability of an Australian dol ...

Bitcoin Retests $26,000 Support as Market Awaits Key Events

Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...

The Mystery Behind Curve DAO (CRV) Price Surge: What’s Driving the Momentum?

The cryptocurrency market recently witnessed a significant uptick, with Curve DAO (CRV) experiencing an impressive 14% surge in its price on Friday. This surge has captured the attention of market enthusiasts and observers, primarily due to the activities of a mysterious whale wallet. This particula ...

Shiba Inu Token BONE Sees a Surprising Surge in Large Transactions: What’s Behind It?

In recent times, the Shiba Inu ecosystem's native token, BONE, has been at the center of a surprising surge in on-chain activity. This surge has quickly caught the attention of cryptocurrency enthusiasts and market observers alike. Data sourced from IntoTheBlock has unveiled a significant increase i ...

The Mechanics of XRP Reaching $100,000: Tokenization and On-Demand Liquidity

The world of cryptocurrency is rife with audacious price forecasts, and the idea of XRP soaring to $100,000 might seem fanciful. However, let's take a closer look at the mechanisms that could potentially drive XRP to such unprecedented heights. On-Demand Liquidity: XRP's Pivotal Role XRP ...

Cardano’s Profitability Dwindles: 0% of Holders in Profit, 95% in Losses

Cardano (ADA) has faced a challenging period in terms of profitability for its holders in 2023. Data from the on-chain tracking website IntoTheBlock indicates that ADA has underperformed compared to other cryptocurrencies in the top 10, with a significant drop in profitability for its investors. ...

Bitcoin Price Analysis: BTC Faces Resistance at $27,000, Bearish Trend Continues

Bitcoin's price is currently in a bearish trend after failing to clear the $27,500 resistance level. It has fallen below the $27,000 and $26,800 support levels, entering a bearish zone. A major bullish trendline was also broken with support near $26,800 on the hourly chart. The price is currently ...

Quant (QNT) Price Declines by 45% in 2023, but Majority of Holders Remain Profitable

Quant (QNT) has experienced a consistent downward trend throughout the year, declining by 45% from February to September. Despite this trend, a significant majority of QNT holders are still in profit, demonstrating the resilience of long-term investors. The current price action for QNT shows a se ...

Blockchain Economy Dubai Summit 2023: A Premier Gathering of Blockchain and Crypto Experts

The Blockchain Economy Dubai Summit, scheduled for October 4-5, 2023, is generating excitement within the blockchain and crypto communities. With over 3,000 attendees expected from 85 countries, this prestigious event will bring together blockchain entrepreneurs, crypto enthusiasts, and industry lea ...

Cryptocurrency Dominates Reported Overseas Assets in South Korea: National Tax Service Report

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Cryptocurrency Dominates Reported Overseas Assets in South Korea: National Tax Service Report

In South Korea, a recent report from the country's tax organization, the National Tax Service (NTS), highlights the dominance of cryptocurrencies like Bitcoin (BTC) among reported overseas assets. The NTS issued an official announcement on September 20, revealing that 1,432 individuals and corpor ...

Understanding Cryptocurrency Phishing Risks: Protecting Your Assets During Celsius Network’s Bankruptcy Proceedings

Creditors of the troubled crypto lender Celsius Network are facing an increased risk of phishing attacks as the lender's bankruptcy proceedings near their conclusion. Reports on social media have indicated a rise in phishing attacks by scammers pretending to be Stretto, the bankruptcy services pl ...

Dogecoin (DOGE) Shows Signs of Recovery, Aims to Surpass Key Resistance at $0.0640

Dogecoin (DOGE) is currently in a recovery phase after finding support around $0.0595 against the US Dollar. There is potential for DOGE to continue rising if it manages to surpass the resistance at $0.0640. DOGE has initiated a decent upward movement above the $0.0615 resistance against the US d ...

“Bollinger Bands Indicator Signals Potential Upside Volatility for Bitcoin (BTC)

The Bollinger Bands indicator, created by John Bollinger, suggests that Bitcoin (BTC) could experience fresh upside volatility, potentially leading to a breakout. This conclusion comes after Bitcoin recently hit new highs for September and challenged resistance levels not seen since mid-August. T ...

BNB Price Analysis: Binance Coin Shows Signs of Recovery, Key Resistance Ahead

BNB (Binance Coin) has managed to stay above the key support at $202 against the US Dollar and is showing signs of recovery. Here's a breakdown of its recent price movements and potential future scenarios: BNB price recently dipped to $204 but has since started to recover alongside Bitc ...

Ethereum’s Positive Signs: Whale’s $150 Million ETH Options Investment

On September 11th, Ethereum's value dipped to the $1,530 support level, but recent data suggests positive signs for the cryptocurrency. Notably, a significant whale has actively participated in the Ethereum options market, investing $150 million in notional ETH calls. Within the last hour, over 4 ...

Bitcoin and Ethereum Exchange Supplies Decrease as Tether (USDT) Supply Rises

A recent report from the blockchain intelligence firm Santiment highlights changes in the exchange supplies of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the report, the exchange supplies of both Bitcoin and Ethereum have continued to decrease, suggesting that traders are holding ...

Rumors of BlackRock Shifting from Bitcoin to XRP Lack Credible Sources

The recent buzz about BlackRock, the world's largest asset manager, supposedly changing its digital currency strategy from Bitcoin to XRP, has been scrutinized and found to lack credible sources. The excitement within the XRP community appears to be based on unwarranted rumors. The origin of this ...

Bitcoin Price Surges Above $26,800 in September, Profits Taken Amid Bullish Momentum

Bitcoin experienced a price spike, rising above $26,800, signaling the resilience of bulls in a historically challenging September. However, as the price increased, profit-taking also surged, reaching its highest level in two months. On-chain data from market intelligence platform Santiment revealed ...

Bitcoin Investment Strategies: Is September a Good Time to Buy?

Ashley Prosper, a prominent member of the XRP community, recently shared an issue he faced on the Uphold cryptocurrency exchange. When attempting to withdraw crypto assets to various wallets, he encountered an error message stating, "Sorry, your transaction could not be processed. There was an issue ...

Is September a Good Time to Buy Bitcoin? Factors to Consider

The decision to buy Bitcoin in September should be made after considering several factors, acknowledging the inherent volatility and risks associated with cryptocurrency investments. Here are key points to consider: Bitcoin's Current State: At the time of writing, Bitcoin is trading at $26,647, w ...

Cryptocurrency Market Shows Resilience Amid Economic Worries on September 15

On September 15, there was a positive momentum in the cryptocurrency market, even in the face of hotter-than-anticipated economic data and inflation concerns. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) maintained their positive performance. ...

Ethereum Developers Discuss Progress on Devnet-8 Upgrade and Proposed Changes

During a recent meeting, Ethereum developers discussed progress on the Devnet-8 upgrade, with various clients actively updating it. Notably, Nethermind and Geth are making advancements with their blob transaction pools, while Besu is undergoing a significant transaction pool overhaul. Erigon is also ...

Solana (SOL) Price Surges Despite FTX’s Asset Liquidation Approval

Despite a US court granting FTX permission to liquidate its assets, the price of Solana (SOL) has surged by 4.62% to reach $18.90, with a market capitalization of $7.79 billion. FTX is gearing up to liquidate a portfolio of assets valued at $3.4 billion, with significant holdings in Solana (SOL), Bi ...

Challenges and Growth of Worldcoin: A Closer Look

At a recent conference, Sam Altman, co-creator of Worldcoin, an identity-focused cryptocurrency project, discussed the significant operational challenges the project is facing as demand grows. Altman, who also serves as the CEO of OpenAI, emphasized the challenges related to manufacturing the necess ...

Ethereum Price Struggles to Surpass $1,600, Faces Potential Retreat to $1,500

Ethereum Price Faces Uphill Battle, Potential Reversal to $1,500 Looms Ethereum's price is currently in a recovery phase, attempting to break above the $1,580 mark against the US Dollar. However, the $1,620 resistance level presents a formidable challenge, raising the possibility of another downw ...

Solana’s Bold Vision: Rebuilding Trust and Scaling Fairness for the Future

Solana's Roadmap for Rebuilding Trust After a Challenging Year In an effort to move past the repercussions of FTX's collapse last year, Solana, a layer-1 smart contract blockchain, is charting its course for the next five years. Anatoly Yakovenko, co-founder of Solana, outlined a long-term value ...

Bitcoin’s Ascending Trajectory: Paving the Way to $200,000?

Bitcoin's Ascending Trajectory: Paving the Way to $200,000? In the unpredictable realm of cryptocurrencies, Bitcoin has displayed remarkable consistency by adhering to a long-term upward trendline dating back to 2017. At each approach to this trendline, it has elicited robust bullish responses, b ...

Coinbase Explores ‘Flatcoins’ as the Future of Stablecoins, Says CEO Brian Armstrong

Coinbase, one of the leading cryptocurrency exchanges, is exploring the concept of "flatcoins," which its CEO, Brian Armstrong, believes could be the next evolution of stablecoins. In a recent interview with Yahoo Finance, Armstrong shared his thoughts on flatcoins, stating that they are "the next i ...

Cryptocurrency Influencer Ben Armstrong Reveals Personal Transformation and New Identity”

In a surprising turn of events, cryptocurrency influencer Ben Armstrong, formerly known as BitBoy, has announced a major rebranding and personal transformation. Armstrong revealed his new identity as Ben in a video posted from his new X profile. This decision comes after Armstrong's YouTube chann ...

Expert Predicts XRP’s Potential Value to Surpass $500, Citing Ripple’s $250 Trillion Cross-Border Projections

Expert Believes XRP's Potential Far Exceeds $500, Citing Ripple's $250 Trillion Cross-Border Projection Financial expert Shannon Thorp has expressed the view that valuing XRP at $500 is conservative, particularly in light of Ripple's projection that cross-border payments could reach $250 trillion ...

Crypto Industry Clamors for Regulatory Clarity: What Lies Ahead?

In a recent statement, cryptocurrency industry insiders underscored the critical need for regulatory clarity to fuel the sector's growth and stability. This call for clarity comes at a time when the crypto space stands at a crossroads, seeking to define its relationship with regulatory authorities. ...

Shiba Inu Price Analysis: Is a Major Price Movement on the Horizon?

Shiba Inu (SHIB) has recently captured the attention of the cryptocurrency community due to a remarkable price cluster. This cluster encompasses a staggering 5.5 trillion SHIB tokens, piquing the curiosity of both investors and analysts alike. But what exactly makes this price cluster so significant ...

AI Tokens Defy Controversy: Resilience Amid Worldcoin’s Debut

The introduction of Worldcoin into the cryptocurrency landscape brought attention to the world of artificial intelligence-powered tokens (AI-tokens). Despite the controversy that shrouded Worldcoin's debut, recent trading data from Kaiko suggests that AI tokens have demonstrated remarkable resilienc ...

Stellar’s Remarkable Surge: Highest Gains in Seven Days

In a remarkable turn of events, Stellar (XLM) has surged to become the top-performing asset in the cryptocurrency market over the last seven days, based on data from TradingView. This surge has reignited interest and demand for Stellar, propelling its price to new heights. Notably, this resurgence i ...

Klever Wallet Expands Services to Include XRP Swaps

Klever Wallet has introduced XRP to its growing list of supported cryptocurrencies for swapping, offering users the ability to exchange it for BTC, ETH, BNB, USDT, USDC, and TUSD. XRP, recognized as the only digital asset with regulatory clarity in the United States, has received a significant bo ...

Google’s Bard AI Forecasts Timeline for Shiba Inu’s Price Milestones: $0.001, $0.01, and $0.1

Google's experimental AI chatbot, Bard, has recently provided a series of forecasts regarding the anticipated timelines for Shiba Inu (SHIB) to achieve price milestones at $0.001, $0.01, and $0.1. Bard, Google's AI chatbot, has produced a set of projections concerning the future price landmarks o ...

XRP’s Yearly Chart Shows Remarkable 48% Growth Despite Recent Volatility

XRP continues to exhibit a resilient upward trajectory on its yearly chart, boasting a substantial 48% increase in value this year, even amidst recent fluctuations in shorter timeframes. Although XRP hasn't remained untouched by the recent turbulence in the broader market, relinquishing gains acc ...

Bitcoin Retreats from $26,400 High: Cryptocurrency Market Recap

Crypto analyst Michaël van de Poppe has shared his perspective on Bitcoin (BTC), suggesting the potential for a final corrective move downward in the cryptocurrency's price. In a recent video addressed to his substantial YouTube following of 162,000 subscribers, Van de Poppe posits that Bitcoin migh ...

Mina’s Upcoming Update Revolutionizes Cryptocurrency with ZK Smart Contracts

The developers of Mina have exciting news for the cryptocurrency community, as they've announced a significant update that will soon be implemented on their mainnet. This update is the result of recommendations and voting from the Mina altcoin community, and it aims to introduce robust zero-knowledg ...

Monero (XMR) Crypto Analysis 2023: Recent Trends and Market Outlook

In the past week, Monero's cryptocurrency encountered resistance, resulting in a 0.85% decline. Currently, XMR is trading at $142.620, with a 52-week price range of $116 to $188. Monero (XMR) stands out in the world of digital currencies due to its strong emphasis on privacy and anonymity. Using ...

XDC Network Price Analysis: Short-Term Weakness and Potential Trends

Recent days have seen weakness in the XDC Network price, with it dropping below the significant 50-day EMA, signifying the short-term dominance of sellers in the market. Attempts by bulls to maintain the price above the 50-day EMA have proven unsuccessful. In the third week of July and continuing ...

Bitcoin Retreats from $26,400 High: Cryptocurrency Market Recap

Bitcoin recently surged to a multi-day peak surpassing $26,400, though this ascent proved to be short-lived, as the cryptocurrency has since retraced to its familiar position below $26,000. The broader altcoin market is also displaying slight declines today, with assets like Binance Coin (BNB), C ...

Cryptocurrency Challenges Halt Ambitious NFT-Linked Restaurant and Lounge Project in San Francisco

Bold ambitions for a restaurant and private members lounge in San Francisco, linked to non-fungible tokens (NFTs), have been abruptly abandoned. The project, which was under construction in Salesforce Park, was set to feature the "Sho Restaurant" and "Sho Club Sky Lounge." Access to the Sho Club ...

Did Binance Accidentally Fuel a Scam? $240,000 Sent to Suspected Phishing Address

"Did Binance Accidentally Facilitate a Scam? $240,000 Sent to Suspected Phishing Address A recent Etherscan transaction, spotlighted by blockchain security firm PeckShield, has revealed that Binance's "Hot Wallet 7" transferred a substantial $240,000 worth of USDC to an address ominously l ...

Tron (TRX) Gains Momentum, Eyes $0.080 Resistance in Crypto Rally

Tron (TRX) is displaying strength as its price surges above $0.0780 against the US Dollar. TRX's performance is outpacing Bitcoin, and it could potentially rally even further, aiming for the $0.0800 resistance level. Tron is on an upward trajectory, surpassing the $0.0750 pivot level ag ...

The Future of Bitcoin: Insights from Industry Leaders

The Future of Bitcoin: Insights from Industry Leaders Bitcoin’s Evolution and the Road Ahead The journey of Bitcoin has been nothing short of remarkable. From obscurity to mainstream recognition, it has endured skepticism, volatility, and regulatory scrutiny. Yet ...

Ethereum Price Gearing Up for $1,650 Breakout, Eyes $1,670 Resistance

Ethereum Price Seeks Breakout at $1,650 with $1,670 as the Decisive Level Ethereum's price is displaying signs of a potential rally, with its sights set on breaching the $1,650 resistance against the US Dollar. A successful clearance of $1,650 and the pivotal $1,670 level could spark a bul ...

Synthetix’s Infinex Aims to Bridge the Gap Between Centralized and Decentralized Exchanges

The Synthetix project, known for its decentralized derivatives protocol, is gearing up to bridge the usability gap between centralized and decentralized exchanges with the imminent launch of the Synthetix V3 protocol and its decentralized exchange front-end, Infinex, scheduled for Q4. Synthetix f ...

Empowering Web3 Innovation: Brinc Partners with Cointelegraph Accelerator

Web3 startups often grapple with unique challenges within the evolving ecosystem, including navigating complex regulatory frameworks and scaling while adhering to decentralization principles. Moreover, the recent decline in venture capital investment in Web3 startups has created a need for additiona ...

Toncoin (TON) Sees Notable Price Surge: Technical Analysis and Market Outlook

In the rapidly evolving world of cryptocurrencies, Toncoin (TON) has recently emerged as a focal point of discussion due to its notable price surge of over 8% within the past week. This increase has ignited renewed interest in cryptocurrency and sp ...

Unprecedented Transfer: 30,000 Bitcoins Moved to Cold Storage in Just One Week

Unprecedented Move: 30,000 Bitcoins Transferred to Cold Storage in Just One Week 30,000 Bitcoins moved to cold storage in the past week. Activity suggests potential preparation for market changes. Move could indica ...

Bitcoin Slips Below $26K as Fed’s Powell’s Hawkish Remarks Impact Market

Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks Bitcoin (BTC) has slipped below $26,000 on Friday as investors have digested U.S. Federal Reserve Chair Jerome Powell's continued com ...

NFT Prices Soar as Donald Trump’s Mugshot Goes Viral: Crypto Community Reacts

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

XRP Price Analysis: Will Key Support Levels and Rumors of Robinhood Listing Impact Its Future?

XRP Price Prediction: Profitable Traders Are Considering This Key Level XRP, the token caught in a longstanding court battle with the United States Securities and Exchange Commission (SEC), has rolled back to seek support and sweep through liquidit ...

CivKit: Empowering Permissionless and Unstoppable P2P Bitcoin Marketplaces

Peer-to-peer Bitcoin (P2P) marketplaces remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful's Ray Youssef. Youssef, alongside Nicolas Gregor ...

Solana Gains Momentum with Shopify Integration, Aiming for Dogecoin’s Crypto Ranking

Solana (SOL) Market Capitalization Closes in On Dogecoin After Shopify Integration Solana (SOL) price raced to a 4% price increase on Thursday, August 24, after Shopify added support for USDC Via Solana Pay. Derivatives ...

Ripple CTO Sparks Speculation with Cryptic Tweet About XRP Price

Ripple CTO Intrigues XRP Army With Mind-Twisting Tweet CTO at Ripple Labs and co-creator of XRP Ledger David Schwartz, known for his high level of activity on the X platform, formerly known as Twitter, has again posted a t ...

Navigating Challenges and Opportunities: The Road Ahead for Base in the Blockchain Space

What is Base? Unpacking Coinbase’s new layer-2 network and its impact Base, Coinbase’s new layer-2 blockchain network, was built to enhance Ethereum’s capacity for decentralized applications, improve user interfaces, and r ...

Binance.US Partners with MoonPay to Enable USDT Transactions on Crypto Platform

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin Tether (USDT) to use on its platform. The crypto exchange announced on Aug. 22 that USDT was being adopted as the ...

Legal Battle Ensues as BlockFi Counters FTX and Three Arrows Capital’s Claims

Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...

Bitcoin Network Fundamentals Remain Strong Despite Price Drop

Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD droppin ...

Circle and Coinbase Collaborate to Transform USDC Stablecoin Governance

Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong have issued a joint statement to change the USDC stablecoin governance scheme. As part of the new agreement, Coinbase is acquiring a stake in Circle, which in turn will take over the issuance and management of USDC. The Center consorti ...

Mysterious Bitcoin Wallet Accumulates $3 Billion in 3 Months: BlackRock Connection?

A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first re ...

Cryptocurrency News: Coinbase’s Futures Approval, Ether ETFs, Ripple Case Appeal, Singapore’s Stablecoin Regulations, and AI Legislation

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading ...

Harbor Protocol Decentralized Internetworking Project Faces Hacker Attack

The Harbor Protocol decentralized internetworking application team has announced that the project has been hit by a hacker attack, affecting stOSMO, LUNA and WMATIC storage. Representatives of the project refused to disclose the details of the incident and to report the exact amount of losses: ...

Noteworthy Solo Bitcoin Miner Successes and Pooled Efforts

Solo miner managed to mine a block on the Bitcoin network and get 6.25 BTC for it, which is roughly equal to $162000 at the current exchange rate. A CKPool mining pool user with the wallet address bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 mined a block in the network ...

Cryptocurrency Analyst DonAlt Predicts Bearish Trend as Bitcoin Sellers Gain Dominance

A popular cryptocurrency analyst under the pseudonym DonAlt believes that the market is once again in a bearish trend and it is bitcoin sellers who are now playing a dominant role. In a new YouTube video, the analyst said that bitcoin's drop to $26 000 accurately indicates that "the bears are onc ...

Crypto Industry Update: Binance’s Closure, Prime Trust’s Bankruptcy, BitGo’s Funding, and PayPal’s Hub

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulato ...

Weekly DeFi Recap: Reimbursements, Exploits, and Optimistic Milestones

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims t ...

Bitcoin’s Sudden Drop and Market Reactions: A Recap

On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...

Decline of Bitcoin-Based NFT “Bitcoin Ordinals”: A Catastrophic Drop in Trading Volume

The popularity of the "bitcoin-based NFT" - Bitcoin Ordinals - has declined catastrophically, as many analysts predicted. BRC-20s token trading volume has fallen 97% since May. As reported by the DappRadar service, the trading volume of "BRC-20s tokens" (the NFT counterpart in Efirium and other n ...

Coinbase Suspends Trading of USDT, DAI, and RAI in Canada

The exchange cited the regulatory climate as the reason. USDT and algorithmic stablecoins fall under a ban in Canada from 2021-2022. Cryptocurrency exchange Coinbase said it will suspend trading of USDT, DAI and RAI in Canada. This was reported by Cointelegraph, ...

SEC Poised to Approve First Ether Futures ETFs, Potential Impact on Crypto Market

As Bloomberg reports, citing sources familiar with the situation, the U.S. Securities and Exchange Commission (SEC) is poised to approve the first applications for ether futures ETFs. The sources said it is not yet possible to say which funds will get approval, but there could be several approved ...

Suspension of BitDAO Token Conversion by DAO Mantle: FTX and Alameda Research Involved

FTX and Alameda Research were planning to convert BitDAO tokens to Mantle. The Decentralized Autonomous Organization (DAO) Mantle has suspended the conversion. The DAO Mantle participants have proposed suspending the migration of BitDAO tokens. This was reported ...

Brazilian Court Imposes Fine on Crypto Pyramid Scheme Organizer Instead of Prison

A Brazilian court has given the organizer of the crypto pyramid scheme Mirror Trading International (MTI) a monetary fine instead of the three and a half years in prison he was expecting. The court found Johann Steynberg guilty of using forged identity documents. Although Steinberg was sentenced ...

Chinese Authorities Detain Trust Reserve Team, Targeting Cryptocurrency Companies

Mainland Chinese authorities continue policy of harassment of cryptocurrency companies. The other day, the Trust Reserve team behind the CNHC yuan-linked steblecoin was detained. Family members of employees have been notified of th ...

Solana Co-founder Draws Parallels with Apple, Aims to Create a User-Friendly Financial Internet

He said the company is developing a new generation of "financial internet," but it needs to be as widely accessible as possible A similar principles are followed by Apple Solana co-founder Raj Gokal thinks Solana could repeat Apple's success and becom ...

Self-Proclaimed Satoshi Nakamoto Publishes Controversial Letter Challenging Bitcoin’s Classification

Australian programmer and entrepreneur, who is known to the cryptocommunity as "self-proclaimed Satoshi Nakamoto" published an old letter from the creator of BTC, which says that bitcoin is not a cryptocurrency. Craig Wright, who reiterates that it was he who anonymously ...

Failed Attempt to Steal Crypto Machine in Texas Ends in Arrests

The neural network will approve credit lines And assess customer sentiment and more Payment giant American Express (Amex) plans to implement artificial intelligence for its operations. Neural networks will check transactions, approve credit limits, assess cust ...

Failed Attempt to Steal Crypto Machine Ends in Arrests in Texas

According to local media reports citing law enforcement, seven people were arrested in Texas after a failed attempt to steal a crypto machine. Houston police said a group of intruders used a stolen truck, crashing it into a local store. Surveillance cameras showed several ...

CFTC Commissioner Calls for Comprehensive Regulation of Cryptocurrency Clearing Organizations

This idea was expressed by Commissioner Christine Johnson She believes all clearing organizations should be subject to the same rules The CFTC's Division of Clearing and Risk (DCR) has issued a formal warning to DCOs regarding the risks of cryptocurrency. More ...

Coinbase CEO Brian Armstrong Urges US to Embrace Cryptocurrency to Avoid Losing Global Currency Status

Brian Armstrong thinks the United States is in danger of missing its chance With that, the dollar will lose its status as a world currency He calls for developing the cryptocurrency segment, not limiting it On Tuesday, May 30, WarketWatch published an ...

Litecoin Prepares for Pre-Halving Rally, Analyst Predicts

A renowned cryptocurrency analyst believes Litecoin altcoin is preparing for a "pre-halving rally," which should begin in early August. Michel van de Poppe opined that the LTC coin needs to overcome strong resistance at the $93 level to start the rally. In this case, the ...

Bank of Japan Continues Digital Yen Pilot Project After Successful Second Phase

Bank of Japan (BOJ) released a report in which it said that after the successful completion of the second phase of the digital yen pilot project, the authorities decided to continue the program. The second phase of testing of the state cryptocurrency took place between Apri ...

Ethereum (ETH) Price Analysis: Short-Term Correction Indicates Potential Bullish Breakout

The Ethereum (ETH) price has been falling since early April, after it deviated above an important long-term resistance level Although the price has yet to recover above that level, wave analysis and short-term price dynamics indicate that ETH will eventually do so. ETH price has fall ...

Bitcoin Sold at Discount on Binance Australia Platform, Amid Regulatory Concerns

As reported by Reuters, holders of the first cryptocurrency on the Binance Australia platform are selling bitcoins at a discount of A$9,000 (nearly $6,000). On the Binance Australia platform, the bitcoin price was about A$34,000 ($23,000). At the same time on the local c ...

Bitcoin Ordinals Token Issuance Surpasses 10 Million, Boosting Network Transactions and Fees

According to Dune Analytics service, the number of issued tokens based on Bitcoin Ordinals in Bitcoin network exceeded 10 million. About 200,000 tokens are issued daily, including NFTs. The popularity of Bitcoin Ordinals has led to a significant increase in transactions a ...

U.S. Presidential Candidate Robert Kennedy Jr. Supports Bitcoin, Calls for Crypto-Friendly SEC Employees

U.S. presidential candidate Robert Kennedy Jr. again supported bitcoin and said that the SEC should not have people opposed to cryptocurrencies.</div In a recent interview, Robert F. Kennedy Jr. Kennedy Jr.) criticized the securities regulator for its bias against crypto ...

Robert Kennedy Jr. Criticizes SEC, Supports Crypto, and Advocates for Financial Solutions

Presidential candidate Robert Kennedy Jr. criticized the SEC He accused the regulator of supporting banks over ordinary Americans Also the politician does not want anti-crypto people at the agency Robert Kennedy Jr. is one American politician who open ...

The Rise of BRC-20 and Bitcoin Ordinals: A Game-Changer for Cryptocurrency

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

Floki Coin’s Surge in Value After Promotion on Chinese State TV CCTV-5

The value of Floki Coin rose 10% after an advertisement for the token appeared on the Chinese state TV channel CCTV-5 during the broadcast of the World Table Tennis Championship. The project team said the cryptocurrency received a large i ...

Undeads Metaverse Introduces Undeads Runner Game, Offering Early Rewards for NFT Owners

The new zombie apocalypse metaverse game will allow NFT Undeads Metaverse owners to earn rewards for their tokens earlier than planned and accelerate the development of the player community. Following the recent completion of the $1 million NFT release, Undeads Metaverse ...

Former BitMEX CEO Arthur Hayes Predicts High Volatility and Armageddon in Crypto and Global Politics

The famous crypto-philosopher expects high rate volatility It will coincide with global changes in global politics Former BitMEX CEO Arthur Hayes gave a new interview. He believes that 2023 will be marked by extremely high volatility for BTC. But the main cryp ...

Curve Finance CEO and Wife Make Record-Breaking Real Estate Purchase in Melbourne

This is the couple's second major purchase in the local real estate market Their combined property measures 5,663 square meters Mansion in Melbourne was also previously purchased by Kick founder Ed Craven The CEO of Curve Finance, Mikhail Yegorov, and ...

Bitpanda Partners with Coinbase to Enable European Banks in Offering Cryptocurrency

European crypto investment platform Bitpanda has partnered with Coinbase exchange to help European banks offer cryptocurrency to their clients. According to BitPanda chief operating officer Lukas Enzersdorfer-Konrad, despite the crisis in cryptocurrency, banks still want ...

JPMorgan Develops IndexGPT, a Neural Network for Various Business Applications

It will be a universal tool from the banking giant It will cover different services and businesses We recently wrote that JPMorgan introduced JPMorgan ChatGPT, a customized version of ChatGPT for tracking market metrics. But the banking giant is not stopping t ...

Ethereum Wallet Owner Moves 8,000 ETH Worth $14.8 Million After 8 Years

Owner of an Etherium wallet with 8,000 ETH sitting idle for eight years decided to move the funds. "Keith moved the cryptocurrency to a new, newly created address. The 8,000 ETH is now valued at $14.8 million. Coins were lying on this wallet from the ICO of Etherium, whic ...

Gemini and Genesis Seek Dismissal of SEC Lawsuit Against Gemini Earn

Crypto exchange Gemini and cryptocurrency lender Genesis Global Capital have asked the court to dismiss the U.S. Securities and Exchange Commission's (SEC) permanent injunction against Gemini Earn. Gemini and Genesis argue that the Gemini Earn program should not be classi ...

Former BitMEX CEO Predicts Volatility for Bitcoin in 2023, but No New Records

The former CEO of the cryptocurrency derivatives exchange BitMEX believes that 2023 will be extremely volatile for bitcoin, but the first cryptocurrency will not set new records. Arthur Hayes during the What Bitcoin Did podcast said he expects "real armageddon" in a few y ...

Peter Schiff Launches “Golden Triumph” NFT Collection on Bitcoin Blockchain

Schiff participates in the launch of the NFT collection using the bitcoin blockchain The collection will be auctioned from June 2-9 It is called the Golden Triumph Two years ago he called NFTs nothing Gold proponent and bitcoin hater Peter ...

JPMorgan Analysts Predict Bitcoin to Reach $45,000 due to Gold Price Rise

JPMorgan investment bank analysts led by senior strategist Nikolaos Panigirtsoglu believe that the rise in gold prices will also affect the bitcoin. In their opinion, BTC will reach $45,000. Nikolaos Panigirtzoglou's team stressed ...

Credible Crypto Believes Bitcoin Could Reach New Price Records in 2023

Famous cryptocurrency opponent Peter Schiff, who has repeatedly "predicted" the collapse of Bitcoin, is going to release his own collection of NFT, and it is based on the Bitcoin network. Despite all his statements against bitcoin and other cryptocurrencies, Peter Schiff sa ...

Bitcoin Analyst Credible Crypto Predicts New Price Records for Bitcoin in 2023

Popular cryptocurrency analyst under the pseudonym Credible Crypto believes that bitcoin may well update its price record as early as this year. According to the analyst, bitcoin could repeat the impulse waves of growth seen in past bull cycles. Credible Crypto recalled ...

Bitcoin and Ethereum Experience Sideways Movement as Crypto Market Remains in Lull

While Democrats and Republicans in the U.S. are trying to agree on the debt ceiling, investors are waiting for rates to rise before the sell-off. The cryptocurrency did not show any serious dynamics last week. Bitcoin In the week ...

M2E Project STEPN Integrates Apple Pay, Enabling NFT Sneaker Purchases

The team of cryptocurrency M2E project STEPN said it will integrate Apple Pay and allow users to buy NFT sneakers through this payment service. STEPN became the first blockchain-based gaming app to integrate with Apple Pay. Representatives of the project explained that ...

DWF Labs Partners with Floki Meme Token Development Team, Acquires $5 Million Worth of Tokens

DWF Labs announced a partnership with the Floki meme token development team and announced that it is buying $5 million worth of the project's tokens. "This partnership is based on DWF Lab's strong belief in the potential and future of the Floki ecosystem," ...

TradeBlock, Brokerage Subsidiary of Digital Currency Group, to Cease Operations

Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...

Central Bank of Kenya Evaluates State Stablecoin Introduction Amid Crypto Popularity

Central Bank of Kenya said that in the short term, the country does not need the introduction of the state steblecoin. Even with the popularity of crypto-assets among the local population. Kenya's top financial regulator released its "Annual Banking Industry Oversight Rep ...

Worldcoin Raises $115 Million in Funding Round Led by Blockchain Capital

The developer of the crypto project Worldcoin - Tools for Humanity - was able to raise $115 million in a new funding round, led by Blockchain Capital. A16z, Bain Capital Crypto and Distributed Global also participated in the round. "As we enter the era of ...

Dogecoin’s Long-Term Support Line in Danger: Potential Sharp Drop Ahead

The price of Dogecoin (DOGE) is in danger of breaking the long-term upward support line that has been present on the chart for almost a year A bearish break could trigger a sharp drop in DOGE. However, short-term timeframe indicators indicate that the price will start to bounce first. The Doge ...

Polygon Co-founder Sandeep Naylwal Highlights Reddit’s NFT Success on the Polygon Network

Polygon co-founder Sandeep Naylwal celebrated the success of the collection This was helped by the popularity of the social network and sound policies Polygon co-founder Sandeep Naylwal took to Reddit to answer a bunch of questions and share his optimism about th ...

Digital Currency Group to Close TradeBlock Institutional Trading Platform

This platform is for institutional clients It will close operations on May 31 Cause of tough market conditions Digital Currency Group (DCG) will close its institutional trading platform TradeBlock on May 31 due to a tough market and tightening U.S. re ...

Luban Update: Enhancements for BNB Network Activation on June 11

The update will be activated on June 11 at 21:30 UTC Hardfork includes three offerings that will improve the network The BNB Chain team has released details of the Luban update to the BNB network. It will be activated at block height 29,020,050 and will take plac ...

Ethereum Shows Resilience Against the Dollar, Wave Analysis Suggests Bullish Outlook

The Ethereum (ETH) has been losing ground against the dollar for the past four weeks, but compared to bitcoin it's holding up quite well Wave analysis and indicator readings on the daily chart suggest that ETH will continue to outperform BTC, reaching its highest levels since 2018. ...

WhiteBIT Enables Cryptocurrency Ticket Sales for Ukraine-Malta Soccer Match

The official partner of the Ukrainian national soccer team, the cryptocurrency exchange WhiteBIT, gives the opportunity to buy tickets for the Ukraine-Malta match for cryptocurrency today, before the official start of sales. On June 19 at the "City Arena" in Trnava (Slovakia) will be the first ho ...

Binance Investigations and Law Enforcement Team Up to Seize $4.4 Million Linked to North Korean Hackers

This is the coordinated work of the police and Binance Investigations The funds belonged to hackers from North Korea We recently wrote that the U.S. Treasury Department discovered and froze Binance cryptocurrencies linked to hackers from North Korea. Now the case ...

China’s Crypto Buzz: CCTV Story Sparks Excitement and Anticipation

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that after China Central Television CCTV broadcast a story about cryptocurrency, "all of China is literally buzzing." "CCTV just aired a story on cryptocurrency.. It's meaningful.. Chinese-speaki ...

ChatGPT Forecasts “Massive Bull Race” for Bitcoin Following 2024 Halving

Forming a response to a query from crypto-industry experts about the possible movement of bitcoin value at the time of the coming halving. The popular ChatGPT chatbot predicted that this event would be the catalyst for a "massive bull rac ...

Analyzing Bitcoin’s Price Fluctuation: Bearish Pennant Pattern Sparks Concerns

The legendary trader noticed a "pennant" or "flag" on the bitcoin price fluctuation chart, which, according to the crypto investor, has short-term bearish implications. Pennants are patterns that traders often use to predict future market movements. According to the as ...

Ripple Acquires Stake in Pantera Capital from Bitstamp in Strategic Move

Cryptocurrency payment system platform Ripple acquired a stake in Pantera Capital from cryptocurrency exchange Bitstamp. This was reported by Galaxy Digital, which was involved in the deal. The Galaxy Digital team clarified that it advise ...

Gemini Explores UK Expansion Amid Regulatory Uncertainty in the United States

Founders have already met with regulators in England Gemini stresses the uncertainty of regulators in the United States The exchange has no intention of leaving the United States Cryptocurrency company Gemini plans to establish a second UK headquarter ...

Surprising Surge in Anonymous Trader’s Crypto Assets Sparks Interest

Crypto-network observers discovered a surprising surge in the asset value of an anonymous trader's digital wallet balance. A crypto analyst under the pseudonym Dami-Defi announced on Twitter that the book value of the anonymous trader's crypto assets increased by almost 5 ...

Winklevoss Twins Plan to Open Crypto Exchange Gemini Headquarters in UK Due to US Hostility

Tyler and Cameron Winklevoss, the twin brothers who founded the cryptocurrency exchange Gemini, said they plan to open a headquarters in the UK because of U.S. hostility toward cryptocurrencies. Tyler, Cameron Winklevoss said they met with officials from the U.K. Financial ...

Elon Musk Advises Caution on Dogecoin Investment Despite Favoritism

Tesla and SpaceX CEO Elon Musk warned investors not to bet everything on Dogecoin, stating that DOGE is his favorite coin. At a London conference hosted by The Wall Street Journal, Elon Musk urged investors not to get their hopes too high for the memetic cryptocurrency DOGE ...

Jurisdictional Uncertainty: SEC and CFTC Debate Ether’s Regulatory Classification

Ether would then fall under the jurisdiction of both the SEC and the U.S. Commodity Futures Trading Commission (CFTC). There is currently no certainty about ETH. CFTC representatives have repeatedly referred to ether as a commodity and stated that it is their agency that should regulate this cryp ...

Ledger Delays Launch of Ledger Recover Service and Drops Controversial Key Recovery Feature

The head of the company said that Ledger is delaying the launch of the Ledger Recover access service until the open source code for the protocol is published. Pascal Gauthier issued a statement: Ledger is dropping the controversial key recovery feature following negative us ...

Ledger CEO Confirms Authorities Can Access Private Keys via New Firmware

The CEO of Ledger confirmed that because of the new firmware of Ledger Nano X hardware cryptocurrencies, authorities will be able to access private keys for the sake of investigations. Last week Ledger announced the launch of Ledger Recovery service to restore access to c ...

Apple’s Crypto-Friendly Move: NFT Stepn Sneakers Now Available on iOS App

Apple's policy has become more crypto-friendly Apple giant previously allowed the Axie Infiinity app NFT Stepn sneakers can now be bought and sold directly in the iOS app. Подойдут любые карты, привязанные к Apple Pay. ...

Cryptocurrency Analyst Foresees Strong Fluctuations for Bitcoin Price Before Potential Upsurge

Cryptocurrency analyst believes that the price of the first cryptocurrency may undergo strong fluctuations before it begins to rise. "Perhaps one more shake-up, then a push up. But hey, it's just a guess, and a guess is the best we can offer," Peter B ...

Divergent Bitcoin Forecasts: Growth, Sideways Movement, or a Potential Fall?

BeInCrypto editorial staff decided to find out if BTC will continue to grow or the prolonged sideways movement will end with the next fall. To this end, we have collected in one review bitcoin forecast from members of the cryptocommunity The views of the crypto-industry on how BTC will behave ...

Blockchain Technology Poised to Drive £4.5 Billion Investment in Scottish Economy

According to a new Scottish Enterprise report, blockchain technology could attract about £4.5 billion (about $6 billion) of investment in the Scottish economy by the end of the decade. A report by Scottish Enterprise, Scotland's national economic development agency, reports ...

MicroStrategy Urges Fair Value Accounting for Crypto Assets on Balance Sheets

MicroStrategy announced that a proposal from the U.S. Financial Accounting Council (FASB) would allow cryptocurrency firms to record crypto assets held on their balance sheets at fair value.</div MicroStrategy officials believe U.S. accounting principles (GAAP) require a ...

Shiba Inu (SHIB) Price Analysis: Rebound Potential from Long-Term Support

The price of Shiba Inu (SHIB) has finally reached the support line of the long-term pattern. The price is in the process of launching a rebound, but its credibility has yet to be confirmed. If SHIB makes a bearish breakout from the triangle, the support structure that has existed for a year will ...

Senator Cynthia Lummis Doubts Proposed 30% Tax on Miners’ Income Will Pass

American Senator Cynthia Lummis, known for her cryptocurrency-friendly attitude, believes that the Biden administration's proposed 30% tax on miners' income is unlikely to pass. During the Bitcoin Miami 2023 conference, Cinthia Lummis emphasized her support for miners and c ...

Divorce Reveals Hidden Bitcoin Cache, Husband Forced to Disclose Assets

The divorce proceedings of a New York couple who lived together for 10 years took a new turn after the wife discovered a cache of 12 BTC, which the husband intended to hide from her. The woman, who identified herself to CNBC as Sarita, began to suspect that her husband, who ...

Tornado Cash Project Hacked: Attackers Offer to Return Control to the Community

The attackers who recently hacked the Tornado Cash project offered to return control of the project to the cryptocurrency community. The information was made public by user Tornadosaurus-Hex on the Tornado Cash community forum. ...

Bitcoin Price Analysis: Analyst Predicts Decline to 200-Day Moving Average

Popular cryptocurrency analyst believes that bitcoin is capable of declining in price to the 200-day moving average at $26,280 and then go back up. Michael van de Poppe  told his readers on Twitter that a successful retest of this support level could be the end of the cor ...

ConsenSys Clarifies Taxation Misconceptions Surrounding MetaMask

According to ConsenSys' official statement, the company does not charge government taxes, fees, fines, or interest to users of the cryptocurrency. The parent company of wallet app MetaMask has denied rumors about its role as a tax agent and the company's forced withholdin ...

Cryptocurrency Theft Declines in Q1 2023, but Hacking Incidents Persist

The volume of cryptocurrencies stolen in the first quarter of 2023 fell 65% from the same period in 2022, according to analyst firm TRM Labs. However, the number of break-ins has hardly decreased. 2022 was the biggest year in terms of stolen cryptocurrencies - hackers man ...

Balaji Srinivasan Warns of Impending Cyberwar Initiated by the U.S. Government

Balaji Srinivasan believes it will happen very soon And it will be initiated by the U.S. government Former Coinbase CTO Balaji Srinivasan warned crypto users of threats from tech giants Google and Apple. According to him, U.S. authorities can force these companie ...

Bitget’s Blockchain4Youth launches blockchain education courses

Bitget has officially launched blockchain courses at Bitget Academy and holiday promotions to coincide with Bitcoin Pizza Day. The educational courses are part of Bitget's Blockchain4Youth project to educate and empower the next generation of leaders. To support young ...

Celebrating the 13th Anniversary of Bitcoin Pizza Day: A Milestone in Crypto History

Today, May 22, 2023, marks the 13th anniversary of Bitcoin Pizza Day. This event is believed to mark the beginning of the use of bitcoin as a means of payment. Laszlo Hanyecz, a computer programmer from Florida, was the first bitcoin user 13 years ago  who risked using th ...

Prospects and Challenges of Memcoins as a Medium of Exchange

The ability to pay with memcoins everywhere is the innermost desire of many crypto-enthusiasts. But what are the real prospects for this initiative? Security and reliability of memcoins The role of memcoins in today's marketplace r ...

CEO Predicts Bitcoin’s Superiority and Continued Growth in 2023

The CEO of bitcoin storage platform Fedi said that bitcoin's superiority over other cryptocurrencies is clear in all aspects, and BTC will strengthen its position by the end of 2023. Obi Nwosu expressed confidence that Bitcoin has the fastest, cheapest, simplest, most decen ...

Las Vegas Resident Accused of Defrauding Investors of $45 Million in Virtual Reality Project Scheme

A Las Vegas resident has been accused of defrauding more than 10,000 investors of $45 million who believed they had invested in a virtual reality project. The U.S. Department of Justice has accused a Las Vegas resident of defrauding investors of a total of $45 million. The DOJ published the ch ...

Robert F. Kennedy Jr. Pledges to Accept BTC Donations and Establish the U.S. as a Bitcoin Hub if Elected President

He will be the first in history to accept BTC donations If elected president, he has promised to make sure the U.S. remains a bitcoin hub While speaking at the Bitcoin 2023 conference, Robert F.. Kennedy Jr. says he will accept campaign donations in BTC. He also ...

NABU Launches CryptoEdge Training to Tackle Modern Corruption through Cryptocurrency Technology

NABU calls cryptocurrency technology a modern corruption Bureau organized training "CryptoEdge" It will last 9 months The National Anti-Corruption Bureau of Ukraine will begin to study the cryptocurrency sector. The agency believes that cryptocurrenci ...

$45 Million CoinDeal Scam: Man Faces Trial for Defrauding 10,000 Investors

Fraud investors out of $45 million Money was spent on cars and real estate The scam affected 10,000 people The man who participated in the scam goes on trial May 20</nbsp; The U.S. Department of Justice charges a 57-year-old man named B ...

Cryptocurrency Market Update: Bitcoin, Ethereum, and Polygon Experience Sideways Movement in May 2023

The rise in cryptocurrency prices in the first four months of 2023 was replaced by a decline in May, which turned into a sideways trend amid several events. Bitcoin Bitcoin rose 0.35% in seven days, from May 12 to May 19. The bigge ...

Bitcoin Market Value Declines as Mining Companies Sell Off Assets

Analysts at the CryptoQuant platform report that bitcoin sales by mining companies have led to a decline in the market value of the first cryptocurrency. Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, accor ...

Entrepreneur Warns of Potential Government Seizure of Crypto Assets Amidst Financial Crisis

American entrepreneur and former top manager of cryptocurrency exchange Coinbase suggested that government agencies may try to take over cryptoinvestors' assets as the crisis unfolds. Balaji Srinivasan shared on Twitter his fear that as the global financial crisis deepens ...

Oliver Lynch’s Perspective on the Future of Cryptocurrency: A Separate but Consistent Market

This was Oliver Lynch's message during Bitcoin 2023 In his opinion, it is wrong to try to "squeeze" cryptocurrency into an existing financial market sector It is a separate segment just like securities and derivatives And he believes that industry conf ...

BitBoy Crypto Fails to Keep Promise: Controversy Surrounding BEN Fan Tokens

According to ScopeProtocol reviewer, blogger BitBoy Crypto announced to his community his intention to block the BEN fan tokens he owned for six months, but failed to keep his promise. Ben Armstrong became the owner of about 1 trillion BEN fan tokens. Commenting on wha ...

Revolut Faces Denial of Banking License in the UK

Central Bank has already made its decision and announced it to the Finance Ministry The reason was inconsistencies with the 2021 audit But the rejection will not prevent Revolut from continuing its current services The Telegraph reports that Britain p ...

MicroStrategy Explores Bitcoin Ordinals for Innovation Opportunities

MicroStrategy co-founder and CEO Michael Saylor said the company is exploring Bitcoin Ordinals project opportunities for innovation. The Ordinals protocol was launched on the Bitcoin network in January, followed by a wave of experiments with the first blockchain. The p ...

Azteco: Simplifying BTC Purchases for the Unbanked Population in Latin America

It's a startup for offline BTC purchases It's very popular in Latin America The company has raised $6 million in investment in a new round A former Twitter director (and current Block head) Jack Dorsey has led a funding round for startup Azteco. This ...

Cryptocurrency Analyst Warns of Bitcoin’s Volatility and Predicts Price Range for 2023

Popular cryptocurrency analyst warned his subscribers that during 2023, the rate of the first cryptocurrency will spend in the corridor of $12,000 to $35,000. Benjamin Cowen predicted a fall of more than 50% from current levels. At the same time, the maximum growth, accor ...

SEC Urges Grayscale to Withdraw Filecoin Trust Application Over Security Concerns

The U.S. Securities and Exchange Commission (SEC) called on Grayscale to withdraw its application to launch the Filecoin Trust fund because the Filecoin cryptocurrency could be recognized as a security. According to Grayscale Investments, the company filed a Form 10 appli ...

Jordan Peterson Advocates Bitcoin as an Alternative to Central Bank Digital Currencies

Canadian psychologist Jordan Peterson called BTC the only alternative to money in a world dominated by central bank digital currencies and suggested storing IQ test information in a Bitcoin blockchain. Jordan Peterson, a well-known Canadian psychologist and political comm ...

XRP Token Faces Decline in Price and Uncertain Future: Ripple Lawsuit and Technical Analysis

The XRP token has fallen below the critical support line, jeopardizing the entire bullish narrative. Whether to expect further decline in cryptocurrency The price dynamics and Relative Strength Index (RSI) values on several timeframes confirm a further decline. Thus, a run-up of bearish dynami ...

Axie Infinity’s AXS Token: Recent Developments and Market Outlook

The Axie Infinity (AXS) p2e token tested in the $9.50 area on April 18 April, but since the coin has fallen in price by nearly a third. Let's see if the recent announcements in the ecosystem can bring interest in the game and provoke the AXS rally to new heights The value of Axie Infinity (AXS ...

Belgian Regulator Implements New Rules for Crypto Asset Advertising

Belgian Financial Services and Markets Authority (FSMA) reports that employees of the agency have recorded a significant increase in the number of distribution channels of advertising information about different types of investments in crypto assets. Data on losses incurred b ...

Waves Founder Reveals Six-Month Data Breach Attack on Blockchain

The founder of Waves told DL News reporters that attackers broke into the blockchain's control system and collected information for six months. In December 2022, Alexander Ivanov received a message from hackers claiming that they had been accessing information in the Wave ...

Bitcoin Whales Continue Accumulating as Analysts Anticipate Price Surge

Analytics company Santiment reported that major bitcoin holders continue to accumulate BTC holdings, with the whale stocks increasing by 84,897 BTC ($2.3 billion) in the past five weeks. Santiment analysts put wallets holding between 1 000 and 10 000 BTC on the whale list ...

Elon Musk’s NFT Tweet Enriches Milady Meme Coin Owners by $20 Million

After Ilon Musk posted a picture of the NFT Milady collection on his Twitter page, the owners of the meme coin got rich by $20 million. These funds went mainly to the top 10 largest holders of the cryptocurrency Milady Meme Coin (LADYS), ...

Binance Conducts Offline Training in Ukraine to Combat Crypto-Crime

This is the first offline event from Binance since the war began It was attended by regulators, the National Police and cyber experts The company taught how to combat cryptocurrency crimes The Binance crypto exchange held training seminars for regulat ...

Zero Bank Deposit Rates Expected to Drive Interest in Staking Ether, Triggering Crypto Market Bull Cycle

Specialists at analyst firm Bernstein Research expect that zero bank deposit rates will spur public interest in steaking ether, and this will give rise to a new bull cycle in the crypto market. A new Bernstein report by analysts Gautam Chhugani and Manas Agrawal argues th ...

The Sandbox Co-Founder Believes Digital Assets Should Be Recognized as Property

The co-founder of The Sandbox believes that digital assets and non-interchangeable tokens should be recognized as property, and metaclasses should be used to get people more involved in the cryptospace. Sebastien Borget announced at the Blockchain Week Rome event that it ...

Paul Tudor Jones: Bitcoin’s Limited Supply Makes it a Unique Asset

The uniqueness of bitcoin lies in its limited supply That's why the businessman remains loyal to the asset Paul Tudor Jones, a well-known investor, was interviewed by CNBC. He said he will always invest in bitcoin, because it is a unique asset. He has a fixed sup ...

Ledger Recovery Service: Voluntary Subscription for Enhanced Wallet Security

Ledger said that the subscription to the  Ledger Recovery service is voluntary, and the company is stripped of any ability to remotely manage and update devices. The latest update to the Ledger Nano X hardware crypto wallet allows users to subscribe to the Ledger Recovery t ...

BlockFi Faces Criticism for Management Failures and Financial Mishaps

They think the FTX excuses are attempts to justify themselves And remembered all the failures of the Top Managers At yesterday's court hearing, the Creditors Committee took another harsh swipe at BlockFi management. This can be read in the published minutes. C ...

Attackers Tamper with Hardware Cryptocurrency Wallet and Steal $30,000 Worth of Bitcoins

Kaspersky Lab experts described an incident in which attackers were able to tamper with a hardware cryptocurrency wallet and steal $30,000 worth of bitcoins. Hardware wallets are a more secure method of storing cryptocurrency compared to software hot wallets. They are ...

Soluna Secures $14 Million Funding for Renewable Bitcoin Mining Centers, Shares Rise

Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...

Analyzing the Prospects of PEPE: A Rising Memcoin with Uncertain Future

PEPE rapidly broke into the top 100 coins by capitalization in 2023 and became one of the most popular memcoins. But what are his prospects? HYIP and investments PEPE's "HYIP meme token," which refers us to the famous green frog me ...

G7 Supports Stricter Crypto Regulation and Global Regulatory Framework for Cryptoassets

This rule requires service providers to share customer data The FATF believes this will solve the problem of tax defaulters The bloc is expected to present a draft global regulatory framework for cryptoassets in June The Group of Seven (G7) met in Nii ...

MRHB.Network Launches Halal and Ethical DeFi Products for the Islamic World

The MRHB.Network announced that the project team has been focused on creating so-called halal and ethical decentralized DeFI products for customers from the Islamic world for the past year. In 2022, MRHB launched three halal DeFi. ...

Bitcoin Transaction Fees Plummet as Ordinals and BRC-20 Token Hype Subsides

The growth of commissions in the Bitcoin network on the background of the unexpected popularity of Ordinals and BRC-20 tokens, as some analysts predicted, quickly stopped and indicators have almost returned to normal. The average transaction fee per transaction fell to $3 ...

Ethereum Withdrawals from Exchanges Reach Historic Lows, Indicating Bullish Sentiment

After the successful Shanghai update, Ethereum appreciated significantly and reached $2150. However, a month later, the coin has fallen in price by 14%. However, onchain indicators suggest that strategic investors may start to make bullish bets on ETH ETH is a native Ethereum blockchain token ...

Tether’s CTO Advocates Against Banning Solutions and Highlights Exchange Queue Issues

According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...

Litecoin (LTC) Shows Bullish Breakout Potential Amid Contradictory Signals

Litecoin (LTC) has been losing ground since February, but the price has just made a bullish breakout from a short-term bullish pattern If the daily close confirms this bullish breakout, we can expect LTC to rise towards the long-term resistance area. Litecoin finds ground after falli ...

Former Ubiquiti Employee Poses as Anonymous Hacker, Attempts $2 Million Crypto Extortion

A former Ubiquiti employee posed as an anonymous hacker while working for the company and tried to extort $2 million in crypto assets. Nickolas Sharp was arrested in December 2021 and sentenced to six years in prison at the conclusion of the investigation. According to i ...

Number of Bitcoin Wallets Holding 1 BTC Exceeds 1 Million, Making it More Accessible to Investors

Analytics company Glassnode reported that the number of wallets on the Bitcoin network that hold at least 1 BTC exceeded 1 million on May 13. Analysts attribute the marked increase in the figure to a 65% drop in bitcoin last year, which made it much more accessible to inves ...

Historic Purchase: Image Sold for 500 BTC Confirmed as First Bitcoin Commodity Transaction

The story of an image sold for 500 BTC continues Some community members claim the transaction took place Hence, this is officially the first purchase of an item for bitcoins The story of a user trying to sell a JPEG image for 500 BTC in 2010 is gainin ...

Worldcoin, Co-founded by OpenAI CEO, Seeks to Raise $100 Million in Funding

The company plans to release its token later this year The firm previously unveiled a digital ID and World App OpenAI CEO and Worldcoin co-founder Sam Altman is in talks to raise an additional $100 million. This is the third major round of the company, launched i ...

Founder of TechCrunch Claims SEC Lawsuit Against Ripple Excludes Non-Wealthy Traders

Founder of news portal TechCrunch and venture capital firm CrunchFund Michael Arrington said that by suing Ripple, the US SEC is trying to make trading available only to the rich. Michael Arrington said this during a podcast with cryptocurrency Influencer Layah Heilpern. ...

Elon Musk’s Tweet Featuring Pepe the Frog Meme Causes Surge in PEPE Token Value

Billionaire Elon Musk used the image of Pepe the frog from memes in a tweet about constitutional amendments, and the value of the Pepe meme token immediately skyrocketed by 50%. PEPE's price hit a new all-time high of $0.00000431 per token on the day. The coin's market ca ...

Declining Correlation Between Bitcoin and Ethereum Indicates Diversification Opportunities in Cryptocurrency Portfolios

The correlation of rates of the two most popular cryptocurrencies has historically been at a high level, but the indicator has been falling for over two months and has almost reached 80%. This is the lowest level in a year and a half. ...

Weekly Roundup: Blockworks Media Portal Leads Fundraising, Unveiling Top Investments and Active Funds

Blockworks Media Portal has raised the most money Three projects have not announced investments The most active funds this week were Polygon Fund, Animoca Brands and Alchemy All of them participated in three rounds of funding A ...

Coinbase Forms Advisory Board of Former U.S. Lawmakers to Shape Cryptocurrency Policy

It will include former U.S. lawmakers The council will play a key role in working with regulators Cryptocurrency exchange Coinbase announced an advisory board that will consist of former United States lawmakers. Current members include former Senator Patrick T ...

Bitcoin Analyst Tone Vays Predicts Higher Probability of BTC Rise Than Fall

The bitcoin rate has been around $30,000 for a long time, and dropped to $26,000 last week. But according to cryptocurrency analyst Ton Weiss, the probability of a rise is higher than the chance of a fall. In his new video, Tone Va ...

Ethereum Price Faces Bearish Pressure as Resistance Holds

The Ethereum (ETH) price rebounded from a long-term resistance area and then made a bearish break of a short-term pattern. This could condition further declines in Ethereum, which could be either the final phase of a correction or the beginning of a new long-term downtrend. Ethereum: ...

Bitcoin Price Decline Amid Market Influences and Liquidity Concerns

We have a new "macro week summary" This one summarizes the economic calendar We also look at what news influenced the BTC charts Friends, every Monday we compile an economic calendar for you with announcements of important macro events. Let's summa ...

Director of GSR Urges Family Investment Funds to Reconsider Crypto Assets as Cryptozym Nears Its End

Director of cryptocurrency market maker GSR said that cryptozym is coming to an end and family investment funds should pay attention to crypto assets again. Jakob Palmstierna in his conclusions about the need to change investment priorities towards crypto-assets refers to ...

Litecoin (LTC) Shows Mixed Signals in Short-Term Bullish Pattern Amidst Long-Term Bearish Trend

Litecoin (LTC) has been declining since mid-February. It is now trading within a short-term bullish pattern, but the long-term trend is still bearish. Litecoin gives bearish signals As the results of technical analysis of the weekly chart show, LTC has been rising since J ...

Frenchman Sentenced to Jail and Fined $3.7 Million for Illegal Use of Cryptocurrency in Morocco

He will also pay a $3.7 million fine Laws prohibit all crypto-payments in Morocco The Casablanca court sentenced Frenchman Thomas Clausi to 18 months in jail. Such a severe punishment was assessed by the justice for the illegal use of cryptocurrency. The defen ...

Ripple’s MENA Managing Director: Cryptocurrency Regulation in UAE More Progressive than in the US

The managing director of Ripple in the Middle East and North Africa (MENA) believes that the regulation of the cryptocurrency industry in this region is much more progressive than in the US. Navin Gupta said in an interview that Ripple intends to expand its presence in th ...

Former SEC Official Urges U.S. Regulators to Ban Tether Stablecoins

A former Securities and Exchange Commission (SEC) official called on U.S. financial regulators to ban cryptocurrency companies from offering Tether Stablecoins. John Reed Stark on Twitter listed various problems plaguing Tether. According to the former official, the USDT ...

ADA Exchange Rate May Fall Below Key Support Level as Bearish Trend Intensifies

The Cardano (ADA) exchange rate made a bearish break of an important pattern on the daily chart and may fall below a key horizontal support level If that happens, ADA will confirm the current bearish trend. In this case, th ...

Solana (SOL) Exchange Rate Breaks Key Support Line, Indicating Correction Ahead

The Solana (SOL) exchange rate has finally broken below the upward support line, which had previously persisted on the chart for 128 days This bearish breakout indicates that the Solana growth phase that began in January is now over. If that is indeed the case, we are looking at a correction in t ...

Binance Chief Strategy Officer Speaks Out on Cryptocurrency Regulations in US and UK

Chief strategy officer of the largest cryptocurrency exchange Binance said that the oppression of cryptocurrencies in the U.S. has become "very difficult to do business" UK also causes concern. U.S. actions "have been very confusing over the last six months," Patrick Hill ...

Elon Musk’s Tweet Boosts Sales of NFT Milady Collection by Over 2,000%

Ilon Musk posted a meme on his Twitter page with an image from the NFT Milady collection. Since the tweet was published, NFT Milady's sales are up more than 2,000%. "No meme.. I love you," Elon Musk captioned the picture. After that, the minimum price of the NFT Milady ...

Singapore Court Orders Former BitMEX CEO to Stop Publicly Insulting Three Arrows Capital Co-Founder

Singapore court ordered former BitMEX exchange CEO Arthur Hayes to stop publicly insulting co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital (TAS) Su Zhu. According to the court document, Arthur Hayes is prohibited from making any threats against Su Zh ...

SEC Commissioner Endorses EU’s Cryptocurrency Regulation Act as a Model for Oversight

U.S. Securities and Exchange Commission (SEC) Commissioner Esther Pearce believes that the recently passed European Union's Cryptocurrency Regulation Act (MiCA) would be a good model for oversight of the industry. Speaking at the Crypto and Digital Assets Summit in London, ...

New York Democrat proposes amendment to accept digital assets as bail collateral

This is an amendment proposed by Democrat Latrice Walker It would allow courts to accept digital assets as collateral But for now it's only about stabelcoins backed by fiat Democrat Latrice Walker introduced a bill yesterday, May 10, that would add di ...

Understanding the Aptos Project Staking (APT) Mechanism in Modern Blockchain Technology

Modern Tier 1 blockchain may have increased throughput compared to earlier cryptocurrencies. Let's take a closer look at how Aptos Project Steaking (APT) works. Steaking In a distributed data registry, such as blockchain, the mechanism for perfo ...

UK Citizen Pleads Guilty to Hacking Celebrity Accounts for Bitcoin Fraud

U.K. citizen pleaded guilty to large-scale hacking of celebrity accounts in social networks for bitcoin fraud. Joseph James O'Connor is recognized as one of the hackers who hacked the Twitter accounts of several celebrities in 2020 including American star Kim Kardashian, ...

Ripple CEO and Venture Capitalist Disagree on XRP’s Security Status

The CEO of Ripple argued with a prominent venture capitalist and entrepreneur about whether XRP can be considered a security. Brad Garlinghouse says the company has already spent about $200 million on litigation costs during its years-long fight with the U.S. Securitie ...

OSL Asset Management Receives License to Provide Services to Corporate Clients in Hong Kong

OSL Asset Management announced that it has received a license from the Hong Kong Securities and Futures Commission (SFC) to provide services to corporate clients. OSL Asset Management believes that in today's environment, the combination of blockchain technology, artificial ...

Binance Announces “Innovation Zone” for High-Risk Crypto Assets

The largest cryptocurrency exchange announced that instead of delisting, it will put cryptoassets in the "innovation zone" to give such assets a second chance. According to Binance's announcement, on Wednesday, May 10, the trading floor will move 18 crypto assets into the ...

Galaxy Digital Reports Profit for Q1 2023 Amid Rising Value of Digital Assets

Cryptocurrency company Galaxy Digital announced that in 2023 for the first time began generating revenue. In the first three months, the net profit was $134 million. CEO Michael Novogratz explained that the positive result is due to the rising value of digital assets. ...

User Successfully Passes KYC on Crypto Exchange with Alias “Kim Jong-un”

This was a verification experiment by a member of the community He also used several other names from the OFAC sanctions list A Twitter user nicknamed "ZachXBT" posted the results of his experiment with the Gate.io platform yesterday, May 9. He registered on t ...

Former Coinbase Product Manager Sentenced to Two Years in Prison for Insider Trading

A U.S. court sentenced former Coinbase Global product manager Ishan Wahi, accused of insider trading, to two years in prison. According to a court filing, Ishan Wahi used confidential information he gained access to while working at Coinbase to profit from new token listing ...

UK Finance Ministry Closes Consultation on Cryptocurrency Regulations

UK Finance Ministry shuts down gathering of views on cryptocurrency regulations Some major counterparties including a16z, Binance and Circle responded Government warns against repeating US mistakes and calls for "broader thinking" Late last month, Apr ...

Litecoin Gains Attention Amid Bitcoin Turmoil

The Litecoin project is getting a lot of attention right now amid the events happening on its "big brother," bitcoin Fuss over Ordinals The Litecoin project and its native token have unexpectedly benefited amid the turmoil of the bitcoin network. Recall, recently the a ...

PEPE Memecoin Rebounds After Recent Plunge: Will it Rally to New Historical Highs?

Pepe memcoin (PEPE) made a splash on the crypto market, but due to the recent plunge it has lost the lion's share of points. Today, however, PEPE rebounded.. Let's see if we can hope for the beginning of the rally to new historical highs. PEPE pulled back after aggressive rally ...

Binance Coin (BNB) Onchain Indicators Show Positive Signals Despite Recent Setbacks

Binance Coin attacked the $340 barrier on May 1, but then rolled back. BNB has lost about 3% in the last 7 days, but onchain indicators are now giving positive signals In May, BNB, the native token of leading cryptocurrency exchange Binance, continued to be influenced by the negative news backgro ...

Hong Kong Regulators Warn Cryptocurrency Companies of Tough Oversight

Hong Kong Monetary Authority (HKMA) warned: cryptocurrency companies will not get any indulgence from regulators, despite the region's desire to become a center of digital currency development. HKMA Chairman Eddie Yue said at the Bloomberg Wealth Asia Summit that Hong Kon ...

Sui (SUI) attempts bullish recovery after bearish breakout

The Sui Sui (SUI) on May 8 made a bearish break of the long-term horizontal area, but then it found ground beneath its feet and now it tries to take revenge The Sui project has been the focus of increased attention in the crypto market lately. Sui Network is a high-performance Layer1 blockchai ...

Coinbase CEO Criticizes SEC for Overly Strict Crypto Regulation

The CEO of U.S. cryptocurrency exchange Coinbase criticized the Securities and Exchange Commission (SEC) for its overly strict approach to regulating the crypto industry. Brian Armstrong said in an interview that Congress and other federal agencies are trying to bring clari ...

Pepe Creator Unaware of Pepecoin, Jokes About Being a Dogecoin Maximalist

The artist who created the meme about the green frog Pepe said he knew nothing about the PEPE token. And in general, he considers himself a supporter of the meme cryptocurrency DOGE. Matt Furie  posted an audio recording on Twitter ...

New Cryptocurrency Law Reduces Registered Firms in Estonia by 80%

New controversial law on cryptocurrencies reduced the number of registered firms in Estonia by about 80%. These data were published by experts from the Estonian Financial Intelligence Unit (FIU). About 200 licenses were revoked by the fir ...

Investment Management Company Apollo Bid for Bankrupt Celsius Cryptocurrency Lender

Apollo, one of the largest alternative investment management companies, is involved in a bid to acquire bankrupt cryptocurrency lender Celsius. This was reported by Coindesk sources. Celsius publicly disclosed potential buyers of its business. Sources specify that Apollo ...

Coinbase CEO Brian Armstrong criticizes SEC’s “anti-cryptocurrency” position and denies rumors of moving abroad

This was Armstrong's opinion during an interview with CNBC He said the U.S. is behind the EU in terms of regulatory preparation for the digital assets segment He also once again denied rumors about the exchange moving abroad The Securities and Exchang ...

USDT Overtakes Other Stablecoins with $82 Billion Capitalization

Virtual real estate prices have collapsed by 90% in the last fourteen months, journalists have calculated The virtual real estate market in Decentaland and The Sandbox is in crisis amid falling cryptocurrency prices and a lack of interest among investors. The Australian Financial Review newspa ...

USDT Overtakes Other Stablecoins with $82 Billion Capitalization

Token capitalization exceeded $82 billion Yesterday, May 8, the asset crossed $1.01 The company is not "tied" to the U.S. and therefore less vulnerable to regulatory pressure The USDT has overtaken not only other steiblockers but also, it seems, the r ...

Ripple CEO Advises Cryptocurrency Startups to Avoid Opening Business in the U.S.

Ripple CEO Brad Garlinghouse advised cryptocurrency startups not to open a business in the U.S. to avoid being harassed by regulators. Speaking at the Dubai Fintech Week conference, Garlinghaus announced that he intends to expand Ripple's operations in Dubai and promised th ...

Family Offices Show Increased Reluctance to Invest in Cryptocurrencies, Goldman Sachs Study Finds

Such companies invest less in digital money And prefer more stable assets Goldman Sachs conducted a study into which areas family offices invest. It shows how rising interest rates affect asset allocation. Family offices are firms that manage assets. As a rule ...

Central Bank of Ireland Warns Against Cryptocurrency Investments as High-Risk and Dangerous

The Governor of the Central Bank of Ireland (BCUS) urged citizens to be skeptical about investing in cryptocurrencies because such investments are high-risk and dangerous. Gabriel Makhlouf  stated that the value of cryptoassets is unsecured, which means they have no socia ...

Anyone Can Create a New Digital Token in Seconds with OpenZeppelin’s Contracts Wizard

Everybody with access to the Internet can generate a new digital token from scratch according to the results of an experiment with the Contracts Wizard program created by OpenZeppelin. Digital artist Johnny Shankman posted a video on Twit ...

Bitcoin Transaction Fees Exceed $10,000 as Demand Increases

Transaction fees in the Bitcoin blockchain on Monday, May 8, exceeded $10,000 in some cases, with block 788762 setting the record for the day with a fee of $15834. The average commission per block on May 8 is, according to Bits.media's own service, ...

Crypto Events Calendar: May 8-13

Start of fintech summit in UAE, Saga smartphone launch and PEPE listing on new exchange; That and much more in our announcement Today, May 8, is Monday, which means it's time for our regular column, the crypto events calendar.. As a reminder, in this article y ...

Chinese Supreme Court Issues Guidelines for Cryptocurrency Payment

This is the rule adopted by the Supreme Court of the PRC But payments can only be made by mutual consent Is this Russian help to circumvent sanctions? The Chinese cryptocurrency scene has surprised again with an unexpected turn of events. And the hero ...

Bitcoin (BTC) could face a sharp drop triggered by a potential bearish breakout

Bitcoin (BTC) has exhibited bearish momentum over the past few weeks, and now it could make a bearish breakout from a short-term pattern This breakout has the potential to trigger a sharp drop in BTC to levels it has not visited since early March. BTC: Resistance gets stronger ...

Central Bank of Argentina Prohibits Payment Providers from Offering Cryptocurrencies

The Central Bank of the Argentine Republic (BCRA) announced that it aims to reduce the financial risks that digital asset transactions can create. Payment service providers (PSPCPs) registered in Argentina are "prohibited from performing digital asset transactions or facili ...

Voyager Digital Begins Liquidation Proceedings After Termination of Binance.US Deal

The termination of its deal with Binance.US has forced bankrupt cryptocurrency lender Voyager Digital to begin liquidation proceedings. Voyager Digital has filed a formal notice of commencement of liquidation proceedings with the U.S. Bankruptcy Court for the Southern Dis ...

U.S. CPI and China Trade Data to Impact Markets this Week

U.S. CPI will be the main driver of the week The Fed relies on it for its rate planning The market started the week lower. Friday's macro indicators on nonfarm payrolls and U.S. jobs had an impact. They showed that jobs and wages continue to grow. It reduced t ...

Pepe Hype Token’s Value Drops by 47% After Brief Surge

The rate of the new "hype token" Pepe fell by 47%. The drop came just days after the coin suddenly rose 45% and surpassed $1 billion in capitalization. Pepe s value on the afternoon of Monday, May 8, is $0.00000229 and trading volume over the past 24 hours was $727,682,70 ...

Cryptocurrency Platform ezBtc Accused of Defrauding Investors of $13 Million

The British Columbia Securities Commission (BCSC) accused Vancouver-based non-functioning cryptocurrency platform ezBtc of defrauding investors and defrauding $13 million. According to local media reports, the regulator accused BCSC creator David Smillie of orchestrating ...

Liechtenstein Plans to Allow Bitcoin Payments for Public Services

Lichtenstein Prime Minister Daniel Risch said that the country plans to allow the use of bitcoin to pay for public services. This possibility will be available in the near future, Daniel Risch said in an interview with the newspaper Hande ...

MATIC Technical Analysis: Is a Bearish Breakout Imminent?

Polygon (MATIC) broke through the support line of the long-term structure. This could be a signal of the end of the long-term growth phase. The daily timeframe also supports the continuation of the decrease in the rate of MATIC, because a bearish pattern has formed on the chart here. According ...

Bitget Launches “Super Airdrop” Promotion for BGB Token Holders

Crypto exchange Bitget announced the launch of free token giveaways for BGB token holders. Owners of the exchange's own token will receive new tokens available as part of the listings on Bitget. The "Super Airdrop" feature will be launched as part of the promotion, which ...

Binance Suspends Bitcoin Withdrawals Again Due to Network Overload

The Binance cryptocurrency exchange has suspended bitcoin withdrawals for the second time in a few hours due to network overload. To solve the problem, the exchange had to increase the withdrawal fee. On May 8, the Binance team warned users on Twitter that the exchange t ...

Crypto Influencer Believes Meme Coins Will Eventually Be Worthless

Crypto-enthusiast and Influencer shares his opinion on meme-coins. From his point of view, their final value will be equal to zero, the exception may be Dogecoin. Ben Armstrong compared trading meme-coins to playing "hot potato". Armstrong advised his subscribers to prof ...

Analyst predicts Cardano’s ADA market cap could reach $500 billion with Ouroboros Hydra protocol

Cryptocurrency trader and analyst suggested that ADA's market capitalization could reach $500 billion by scaling the Cardano network with the Ouroboros Hydra protocol. Dan Gambardello thinks the ADA coin is quite capable of reaching the figure during the next big bull ral ...

Analyst Predicts Bitcoin Could Rise as US Banks React to Fed Chairman’s Speech

An analyst and cryptotrader, founder of the consulting crypto-platform EightGlobal analyzed the relationship between the banking sector and the crypto market, listing possible scenarios for the first cryptocurrency. U.S. bank stocks reacted by falling on the speech of U.S ...

Liechtenstein to Introduce Bitcoin Payment Function for Public Services

This function will be introduced soon Lichtenstein may invest some of its reserves in bitcoin The country's prime minister is positive about investing in cryptocurrencies Lichtenstein plans to introduce a bitcoin payment function for public services. ...

Ethereum Staking Remains Attractive to Crypto-Enthusiasts Despite Shanghai Update, Decrypt Reports

It's been about a month since the Shanghai update went live, but data from the Etherium network, Decrypt states, shows: enthusiasts are still willing to stake ETH. Shanghai update allowed ether stackers to withdraw their coins from the network. Some users have been on hol ...

Weekly Funding Report: Top Funds and Projects

Funds that have raised the most money this week are OKX Blockdream Ventures and C² Ventures All of them participated in two rounds of funding For the past week, 14 projects have received funding from funds. You can read more about each of them below: - Cryptoc ...

PEPE Token Surpasses $1 Billion Market Cap with Address Blocking Feature

Another "HYIP token meme" PEPE continues to gain momentum - during the day the token rate increased by 45%, and its capitalization exceeded $1 billion. In this case, the token contract has an address blocking feature. Yesterday the token ...

US Department of Justice Investigating Binance Over Sanction Circumvention by Russian Citizens

Boomberg cited its own sources as saying that the U.S. Department of Justice is checking to see if Russian citizens have used the Binance exchange to circumvent sanctions. The investigation is being conducted by the National Security Division of the U.S. Department of Jus ...

XRP Whales Accumulating Coins as Bullish Trend for Ripple Emerges

Ripple (XRP) gained 4.5% in the past two weeks. According to onchain analysis, whales were actively buying the coin during this period, which can be seen as a bullish signal for XRP in the coming weeks. May began for XRP -the native coin of the blockchain project Rippl ...

Bitcoin Faces Bearish Signals, May Experience Sharp Decline

Bitcoin rebounded from a long-term horizontal resistance area and has been giving up since. BTC is now trading inside a short-term bearish pattern A bearish break of this pattern's neckline could trigger a sharp drop in the B ...

PEPE Coin Market Cap Surpasses $1 Billion Despite Warning of No Intrinsic Value

This comes after Binance announced the listing of the token Since April 14, PEPE has grown by 4000% And in the last 24 hours it has grown by almost 100% It now ranks 42nd on coinmarketcap The Pepe memcoin has grown by 85% in the last 24 ho ...

Stripe Launches New Platform for Easy Cryptocurrency Purchases

Infrastructure company Stripe has announced an expansion of its cryptocurrency buying service - the firm has launched a separate platform that does not require changes in application code. "Companies offering cryptocurrency and blockchain apps often face a col ...

Lawyer Argues SEC’s Interpretation of Howe Test in Ripple Case Should Be Specific and Plausible

Lawyer at Morgan Mac Lawyers said that the SEC's interpretation of the Howe test in the Ripple case should be "specific and plausible, not pulled by ears." Bill Morgan recalled that in the case against Ripple, the SEC hopes to build a prosecution side around the classific ...

The US Banking Crisis Continues to Impact Cryptocurrency Market

The past week was eventful: The U.S. Federal Reserve shared its plans, a string of banking collapses continued, updates were released on some digital platforms. How did it affect prices? Bitcoin Bitcoin price fell 2.5% in the week ...

Altcoin Losers: SUI Tops the List with 71.72% Loss in Seven Days

BeInCrypto editorial staff analyzed five outsiders of the week among altcoins. These coins suffered the biggest losses between April 28 and May 5. The altcoins that have suffered the biggest losses in the past seven days amid an overall bear market include: ...

Kenya Proposes 3% Tax on Digital Asset Transfers in 2023 Budget Law Amendment

The Kenyan government has proposed amendments to the 2023 budget law that would allow for an additional tax on income from digital asset transfers. The bill was presented to Kenya's parliament on May 4 and would tax income generated from transactions involving digital asset ...

Cryptocurrency Analyst Predicts Bitcoin’s Target Price of $45,000

A renowned cryptocurrency trader and analyst spoke about the movement of bitcoin and named the main goal for the first cryptocurrency - to reach $45,000. Michael van de Poppe would prefer bitcoin to hold at $28 900: this will give the coin the momentum to overcome the $30 ...

Disney unveils Star Wars NFT collection with Cryptoys

It will be released on May 24 The digital Darth Vader can be purchased for $40 Characters created on the FLOW blockchain On Star Wars Day, May 4, Disney unveiled a new crypto project. This is a collection of Star Wars digital characters with developer ...

Kenya Plans to Impose Taxes on Cryptocurrency and Online Content

This is how the country wants to fill its budget The initiative has drawn condemnation and outrage from the local crypto lobby Not only traders, but also promoters of cryptocurrency services and products will suffer They will have to pay up to 15% of i ...

Metroelectrotrans Workers Given Suspended Sentences for Stealing Electricity to Mine Cryptocurrency

Trial was held in Kazan over Metroelectrotrans workers who installed an underground mining farm and stole the company's electricity. They were given suspended sentences. Interestingly, the underground miners held high positions - we are talking about the general director ...

Coinbase CEO Assures Commitment to U.S. Market Despite Cryptocurrency Regulation Uncertainty

Cryptocurrency exchange Coinbase CEO Brian Armstrong said the trading floor is 100% committed to the U.S. market despite the uncertainty of cryptocurrency regulation in the country. According to a letter to shareholders from Brian Armstrong, the exchange managed to increase ...

Bankruptcy Trustee Investigated for Cryptocurrency Bribery in Tatarstan

Emil Khalimov, a bankruptcy trustee from Tatarstan, is under criminal investigation for extorting a bribe, part of which he received in cryptocurrencies. Khalimov extorted a bribe of 2 million rubles from the founder of one of the companies where he was in bankruptcy procee ...

Texas Company Fined for Illegally Using Government Benefits to Buy Cryptocurrencies

Texas-based CybeCys was forced to pay a $283,000 fine for illegally using more than $1 million in government benefits as a means to buy cryptocurrencies. The U.S. Department of Justice insists that CEO Harish Vajja used the government's Paycheck Protection Program (PPP), ...

Texas Securities Commission warns of fraudulent scheme promoting TruthGPT Coin using AI model

The U.S. Court of Appeals for the Third Circuit ordered the Securities and Exchange Commission (SEC) to respond within ten days to a petition from a major U.S. crypto exchange to clarify rules governing the crypto industry. Coinbase legal chief Paul Gruel said the court r ...

Texas Securities Commission warns of fraudulent scheme promoting TruthGPT Coin using AI model

The Texas Securities Commission has warned of a fraudulent scheme promoting the crypto-asset TruthGPT Coin and allegedly using an artificial intelligence model called Elon Musk AI. According to a statement from commissioner Travis J. H. Hughes, a member of the Texas State ...

India’s Cybersecurity Agency Warns of Royal Ransomware Attack

India's federal cyberattack technology arm, CERT-In, has warned of the Royal ransomware encryption program. Hackers attack critical facilities, demanding ransom in bitcoins. Ransomware attack telecom and manufacturing companies, healthcare organizations and educational in ...

French Senate Committee Approves Amendments to Cryptocurrency Advertising Bill

But this only applies to service providers that have registered with the AMF No cryptocurrency companies have yet received a license due to strict requirements In the initial iteration, the bill included harsh penalties for promoting cryptoassets and services rela ...

Understanding the Pros and Cons of Crypto Trading and Investing

For earning on cryptocurrency, it is important to take into account not only the object of investment, but also the style of trading. All transactions in the market can be divided into two large groups: crypto-investments and crypto-tradi ...

Study Finds 36% of Cryptocurrency Projects Neglect Content Marketing

According to analyst agency Guerilla Buzz, about 36% of cryptocurrency projects have stopped publishing content for their marketing promotion in 2023. Researchers analyzed about 1,000 crypto projects. The methodology included checking sites for blogs and counting the number ...

Centralized Crypto Exchanges Report Drop in Trading Volumes in April

First quarter of the year, exchanges increased trading But after the recent downturn, they dropped And almost twice as much as in March Centralized crypto exchanges recorded a drop in trading volumes in April.  Data provider Kaiko reports ...

French Senate Committee approves amendment to allow crypto ads by media personalities

The French Senate Economic Affairs Committee approved an amendment to current legislation that allows media personalities to advertise cryptocurrency assets on social media. The proposed amendment, which was approved by the economic affairs committee, will be debated in the ...

Cryptocurrency Market Reacts to U.S. Bank Panic as PacWest Considers Strategic Options

The bank is now exploring different strategies In the meantime, the BTC chart has responded by rising We wrote yesterday that a new banking panic is brewing in the U.S.. Pacwest and Western Alliance could cause it. Shares of these two banks were down about 50 per ...

Billionaire Bernard Arnault invests in NFT despite his conservative stance on cryptocurrency

It's about 74-year-old Bernard Arnault He became the world's richest man in 2020 according to Forbes Arnault Sr. has a page on OpenSea and owns several tokens His sons are actively promoting NFT French entrepreneur and billionaire Bernard ...

Credibly Neutral Receives $5.5 Million Investment from Ethereum, Polygon, and Solana Co-Founders

Athereum, Polygon and Solana co-founders invested in the startup The company plans to invest in cryptocurrency software projects Cryptocurrency venture capital firm Credibly Neutral received a $5.5 million investment.. The project was funded by a group of inve ...

Major Bitcoin Investors Increase Holdings by $1.8 Billion in April

According to April's Santiment Observer report, major bitcoin investors increased their holdings of assets in the first cryptocurrency by 64,000 BTC (about $1.8 billion). In their report, Santiment analysts point out: bitcoin whales have been aiming to replenish VTC stock ...

ARB Token Faces Crucial Test as Price Threatens to Break Below Support

The Arbitrum exchange rate (ARB) is at an important crossroads. The price risks falling below a significant support area, which could trigger a sharp drop The above-mentioned support is formed by the support line of the long- ...

Trading Volume on Spot Crypto Market Drops 65% in April, According to Analysts

According to analysts of The Block, the trading volume on the spot cryptocurrency market collapsed by 65% in April of this year. Experts attribute the incident to the introduction of commissions on the Binance exchange. Total tradi ...

Democratic Candidate Robert F. Kennedy Jr. Criticizes US Regulators for “War on Cryptocurrency”

He believes regulators have overstepped their authority And caused several financial problems This is important rhetoric from the presidential candidate Democratic candidate Robert F. Kennedy Jr. (and nephew of former President John F. Kennedy) addres ...

Revolut Explores Latin American Market with Cryptocurrency Products for Investors

Neobank promises to create an "economy without borders" here And is preparing products for investors to do so British fintech startup Revolut is starting to explore the Latin American market. Their first country in the region was Brazil. Revolut opens a divisi ...

Former BitMEX CEO Suggests Bitcoin Could Reach $1 Million Due to Bankruptcies

The former CEO of the cryptocurrency derivatives exchange BitMEX Arthur Hayes suggested that the bitcoin rate could soar to $1 million due to the bankruptcy of financial institutions. In a series of tweets, Arthur Hayes shared his opinion on the current situation with ban ...

Florida Governor DeSantis Threatens to Ban Central Bank Digital Currency in the State

Florida Governor Ron DeSantis said that if the U.S. Federal Reserve (Fed) launched its own digital currency, it would be banned in Florida. During a recent speech in Jacksonville, Governor Ron DeSantis again called for a ban on central bank digital currencies. He signe ...

Ark Invest continues to buy Coinbase stock despite falling prices

They are doing this for the second day in a row The stock exchange has fallen more than 20% in the last month Ark Invest has again gained ground in Coinbase. That night they bought about $7.5 million worth of the brand's stock. Recall that yesterday, three fun ...

Standard Chartered Bank Analyst Suggests Bitcoin Could Rise to $40,000 if US Defaults on National Debt

The head of foreign currencies research department of Standard Chartered bank suggested that the BTC could jump in value by about $20 000, if the U.S. fails to meet its obligations on the national debt. Geoff Kendrick thinks that if the U.S. government defaults on its deb ...

Druk Holding&Investments and Bitdeer Technologies plan $500M fund for green cryptocurrency mining in Bhutan

Butanese company Druk Holding&Investments together with Nasdaq-listed Bitdeer Technologies Group plan to create a $500 million fund for green cryptocurrency mining in the Himalayas. According to a joint statement from the companies, the fund is designed to develop car ...

BitFlyer Fined $1.2 Million for Violating Cybersecurity Regulations by NYDFS

The New York State Department of Financial Services (NYDFS) fined cryptocurrency exchange BitFlyer $1.2 million for violating cybersecurity regulations. In 2017, BitFlyer USA, a subsidiary of BitFlyer Holdings, received a license from the New York regulator allowing the e ...

Tough Regulations in Cryptocurrency Market: Crisis or Opportunity?

It is possible that such pressure from the authorities has a positive effect Counterparties with weak or unreliable structures will leave the market, making room for others The Fed is expected to raise interest rates again today, May 3, after which the market wil ...

Memcoin Market Update: Pepe Token Surges While Dogecoin and Shiba Inu Struggle

While the meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) could not hold their gains, the token Pepe (PEPE) staged a spectacular rally. While other memcoins echoed the dynamics of bitcoin (BTC) last  weekend. The PEPE token, inspired by the Pepe the Frog meme, suddenly ranked 17th by daily tra ...

Popular DEX Level Finance Loses Over $1M in Smart Contract Exploit

It was due to a bug in a smart contract The details of the attack are already known Popular DEX Level Finance fell victim to an exploit. A hacker found a vulnerability in a smart contract and withdrew over $1 million worth of LVL exchange token. It later converte ...

Crypto.com Launches AI Initiative ‘Amy’ to Educate Users on Cryptocurrency Industry

The exchange is currently pilot testing Amy is only available to select users Cryptocurrency exchange Crypto.com unveiled its first artificial intelligence (AI) initiative called Amy. ...

Temasek denies investing in cryptocurrency startup Array

Public investment fund Temasek Singapore officially denied rumors about possible participation in the investment program of cryptocurrency startup Array. Temasek's rebuttal came shortly after representatives of the Singapore startup Aggauo announced that it would receive ...

Belarus fines foreigner for running illegal cryptocurrency exchange

The Ministry of Internal Affairs of Belarus reported a new offense in the field of cryptocurrencies - a citizen of another country opened a digital asset exchange in Minsk and now the young man faces a fine. A 22-year-old foreigner organized a cryptocurrency exchanger, sp ...

BRC-20 Token Capitalization Surges to $143 Million in One Week

From $17.5 million to $143.14 million The total number of tokens reached nearly 9,000 Some crypto experts compare this standard to ERC-20 and point to huge prospects According to Ordspace, the total token capitalization based on the BRC-20 standard ha ...

Coinbase Launches Cryptocurrency Derivatives Exchange

Ilon Musk is forcing tokens again This time he "heated up" the CULT rate The token price soared 84% in a few hours There is no visible connection between Musk and the Cult DAO Twitter CEO Ilon Musk published a new message on his page this ...

Coinbase Launches Cryptocurrency Derivatives Exchange

It comes amid an SEC crackdown The exchange will begin trading by listing BTC and ETH futures On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a cryptocurrency derivatives exchange. The CIE will begin trading this week by l ...

Uniswap (UNI) On-Chain Metrics Suggest Potential for Rebound After Recent Dip

The Uniswap exchange rate (UNI) has pulled back about 17% from the local high of $6.4 recorded on April 14. However, onchain metrics bode well for a rebound UNI, the native token of decentralized cryptocurrency exchange (DEX) ...

Security Vulnerability in Level Finance Allows Attackers to Steal $1 Million

Mistakes in the security of the Level Finance platform allowed attackers to withdraw more than 214,000 LVL and exchange for 3,345 Binance Coin (BNB) coins totaling approximately $1 million. PeckShield, which monitors blockchain security issues, reported that a bug was dis ...

Dubai authorities accuse Three Arrows Capital co-founders of operating unlicensed crypto exchange

Dubai authorities accused the co-founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (TAC) of launching OPNX, a cryptocurrency exchange operating without a license. Su Zhu and Kyle Davies launched a claims trading platform for bankrupt cryptocurrency compa ...

Bankrupt Crypto Company Celsius to Merge UK and US Units Amid Fraud Allegations

They were accused that the split into 2 "subsidiaries" was a fraud The merger will speed up the return of investors' funds Bankrupt crypto company Celsius agrees to merge its units in the UK and US. It would be their answer to court allegations that the firms sha ...

Lawsuit Accuses Coinbase Executives of Insider Trading, Seeks Return of Illegally Gained Profits

Allegedly board members "dumped" securities before they fell This allowed them to avoid a $1 billion loss The author of the lawsuit demands a return of illegally gained profits to the company Adam Grabski filed a lawsuit yesterday, May 1, against top ...

Sotheby’s Metaverse adds NFT trading platform to its ecosystem

Sotheby's Metaverse Ecosystem to Incorporate Secondary Trading Platform for NFTs. Sotheby's, the renowned auction house, has announced the integration of a secondary trading platform for non-fungible tokens (NFTs) within its Metaverse ecosystem, which serves as a platform for digital artwork and ...

Major Upgrade of 1inch Wallet for Android Makes Web3 Interactions Easier

The upgrade will make working with Web3 much easier For example, you can set the maximum gas here Find out all the details of the upgraded wallet The 1inch Wallet for Android has received a major update. It provides smoother crypto-interaction and ope ...

Ripple’s (XRP) Performance in the Crypto Market: Bounce or Bearish Breakout?

Ripple (XRP) trades in the middle part of a long-term pattern. The further price trend depends on whether it makes a bounce or a bearish breakout. The further price trend depends on whether it makes a bounce or a bearish brea ...

Analysis of April’s Crypto Market and Historical Data for May

Let's look at April results in the crypto market And the historical data for May April was a tumultuous month in the crypto world. It will be remembered for bank panics, new U.S. crackdowns, high-profile scams and unfounded rumors. Such news from time to time ...

FTX Discloses Spending and Income, Shocking Investors

The exchange has disclosed the amount of spending and income This spending may shock investors But the exchange is also actively returning assets FTX unveiled a new capital report. To date, they have spent $86 million on their activities. Of that amou ...

CertiK Reports Over $103 Million in Cryptocurrency Stolen in April

CertiK, a cybersecurity and auditing firm, says more than $103 million was stolen from cryptocurrency projects during April as a result of hacking attacks. CertiK specialists tweeted a report on exploits, fraud and hacks on cryptocurrency platforms. Since the beginning of ...

U.S. Senators’ Cryptocurrency Money Laundering Bill Delayed Due to Lack of Sponsorship

A bill to combat money laundering through cryptocurrencies, which U.S. Senators Elizabeth Warren and Roger Marshall are working on, has been delayed for lack of sponsorship. Elizabeth Warren and Roger Marshall first introduced the bill in December. It was aimed at obliging ...

Survey Reveals Features Wanted by Potential Digital Euro Users

The European Central Bank (ECB), together with the London-based analytical company Kantar Group, conducted a survey among potential users of the digital euro, what features they would like to see in it. The survey involved 321 respondents from Germany, Belgium, Spain, Ire ...

Ethereum (ETH) Trading Analysis: Will It Rebound or Experience a Bearish Breakout?

The exchange rate Ethereum (ETH) is trading in the middle of a long-term pattern. The further trend of the price depends on whether it makes a bounce or a bearish breakout The weekly and daily charts give mixed signals. This does not make it clear whether Ethereum (ETH) will be able to launch a r ...

Rising BTC Price Increases Cost of Mining in the US

But the price of 1 TH/s in dollars will also increase If the price of BTC continues to rise, most miners' shares will jump This year, the cost of mining one bitcoin in the US will rise from $5-10 thousand to $17 thousand. This follows a new report from analyst po ...

Weekly Crypto Event Calendar: SUI Mainnet Launch, Baby Doge Virtual Card Release, and More

The SUI Mainnet launch, Baby Doge cryptocurrencies, the release of the first AI-based blockchain mainnet and the Near These and other events are in our announcement Last week was rich in various events. Read more in our weekly digest. And now we move on to our ot ...

Bhutan’s Largest State-Owned Company, Druk Holding and Investments, Diversifies Investment Portfolio with Bitcoin Mining

Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...

SEC Fines Coinme and Up Global for Misleading Investors in UpToken ICO

The U.S. Securities and Exchange Commission (SEC) fined two companies at once, Coinme and Up Global, in the case of the initial coin offering of the cryptocurrency asset UpToken. Commission claims Coinme and Up Global misled investors during 2017 ICO. Regulator insists: C ...

Cryptocurrency Trader Predicts Bullish Trend for Ripple (XRP)

The trader under the nickname Harry shared the results of his wave analysis of the cryptocurrency Ripple, warning that investors should take note of the situation on the charts of rate changes of this asset. Harry announced that the near-term outlook is not good for short ...

Santiment’s study reveals scattered prices of cryptocurrency market

Analytical company Santiment published the results of a new study of the cryptocurrency market, according to which the prices of cryptoassets at the moment were, in the words of  authors, "very much scattered." Santiment analysts refer to the MVRV model (a cryptocurrency ...

Crypto Analyst Bluntz Believes Bitcoin Unlikely to Break $30,000 Level in Near Future

The trader who predicted the bottom of the bearish trend for the bitcoin market in 2018 believes the leading cryptocurrency is unlikely to break the $30,000 level in the foreseeable future. A crypto analyst nicknamed Bluntz told his audience that bitcoin's rise is probably ...

BeInCrypto Warns of Potential Declines for These 4 Altcoins in May

The market started April with a buoyant mood, but from the middle of the month the mood of investors changed from plus to minus.. The BeInCrypto editorial board looked at 4 altcoins that could suffer further losses in May. April turned out to be a very turbulent month for the crypto market and ...

CFTC Fines CEO of Cryptocurrency Pyramid Scheme $3.4 Billion

The U.S. Commodity Futures Trading Commission (CFTC) imposed a $3.4 billion fine on the CEO of cryptocurrency pyramid scheme Mirror Trading, Cornelius Johannes Steinberg. A statement from the regulator alleges that Cornelius Johannes Stey ...

Former CFO of African Gold Acquisition Corp Sentenced to 3 Years in Prison for Embezzlement and Crypto Trading Losses

The former CFO of African Gold Acquisition Corp Cooper Morgenthau was sentenced to three years in prison for embezzling funds used to trade cryptocurrencies. Cooper Morgenthau embezzled more than $5 million from African Gold Acquisition Corp, Strategic Metals Acquisition Co ...

Berenberg Bank Analysts Predict Bitcoin Value Growth Due to Future Halving

Analysts at Germany's oldest bank, Berenberg Bank, said that future halving, as well as a combination of circumstances, evolution and time, will be a springboard for bitcoin value growth. In support of their conclusions about the possible growth of the market value of the ...

US Bank Cross River Ordered to Cease Support for Crypto Projects by FDIC

American bank Cross River, which supports crypto projects, has been instructed by the Federal Deposit Insurance Corporation (FDIC) to stop this type of activity. The FDIC has initiated enforcement proceedings for "unsafe and unsound" banking practices against cryptocurrency ...

The Challenges of Developing a Meta-Universe within China’s Great Firewall

Wired has published a piece on the development of the meta-universe within the walls of the Chinese firewall. Chinese authorities are not against the development of virtual reality technology, but only if it will obey the rules of the party. However, there are not many ways to monetize the met ...

Circle Finds Replacement for Signature Bank’s Signet Platform for USDC Transfers

Circle, the issuer of the USDC stablecoin, has secured a replacement for Signature Bank's Signet platform, according to CEO Jeremy Allair. The service was used by USDC holders to transfer funds between fiat currencies and cryptocurrencies around the clock. However, it was closed in mid-March d ...

Cryptocurrency Market Update: BTC, ETH, and ADA Experience Growth Amidst Market Changes

On the cryptocurrency market another change of scenery. Bulls rule again. But how long will it last? And why was the fall so short-lived this time? Bitcoin Bitcoin rose more than 8% in the seven days between April 21 and 28. This was the reverse of ...

Taiwan passes legislation to create new department for digital assets regulation

The Taiwan Legislative Assembly has approved new legislative amendments that will allow the Taiwan Financial Services Commission (FSC) to establish a new department dedicated to handling digital assets. The new department will be created alongside the existing four divisions that oversee audit co ...

Mastercard Plans to Expand Cryptocurrency Card Program

The payment system is already working with cryptocurrency exchanges Mastercard is enthusiastic about blockchain technology Payment giant Mastercard said it plans to expand its cryptocurrency card program. To do this, the company will look for new partners among c ...

Miner’s Financial Struggles in 2022 Due to BTC Depreciation

The firm attributed this to the depreciation of BTC The company only stayed afloat because of the agreement with Galaxy Digital In Q1 2023 a miner was mining an average of 5.5 BTC per day Last year was difficult for exchanges, lenders and miners alike ...

Ray Dalio Prefers Gold Over Bitcoin

In a recent interview on Chris Williamson’s YouTube podcast, billionaire Ray Dalio shared his thoughts on Bitcoin, revealing that he has a small amount of the cryptocurrency, but still prefers gold. Despite admitting to having some BTC, Dalio remains cautious about the digital asset, warning that ...

US SEC Chairman Gary Gensler Calls for Cryptocurrency Platforms to Register as Investment Contracts

In a recent statement, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), emphasized that cryptocurrencies should be classified as investment contracts and hence, platforms offering them must register accordingly. Gensler tweeted that any platform offering investment c ...

BitBoy Crypto to Appear on Trump Jr.’s Show to Discuss Crypto Industry Issues

BitBoy Crypto, a prominent cryptocurrency YouTuber who goes by a pseudonym, has announced that he will be a guest on the Rumble show hosted by Donald Trump Jr. in the coming week. During the podcast, he plans to discuss the ongoing legal battle between Ripple and the US Securities and Exchange Co ...

What is Crypto-Dust and How to Protect Yourself from Dust Attacks in Cryptocurrency

Most owners of BTC and other cryptocurrency will probably not be able to say how much of it they have with the accuracy of "to the satoshi. That's why they can fall prey to scammers. What is crypto-dust "Crypto-dust" refers to a small amount of ...

Decentralized Exchange Merlin Hacked for $1.82 Million on zkSync Solution

Hackers have successfully breached Merlin, a decentralized exchange operating on the zkSync solution, and have made off with $1.82 million worth of assets. The stolen funds were then transferred to USDC and moved from the zkSync network to the Ethereum main network. The crypto community has ap ...

Cryptocurrency Phishing Sites Scam Users Out of $4 Million in One Month

ScamSniffer, a platform dedicated to detecting fraudulent activity online, has recently reported that users have lost more than $4 million in just one month as a result of falling prey to cryptocurrency phishing scams. The creators of these malicious sites have been utilizing Google Ads, a contex ...

Study Shows Millennials Are the Largest Group of Crypto Enthusiasts

A recent research study by Bitget, a cryptocurrency exchange, revealed that millennials between the ages of 27 to 42 make up almost half (46%) of all cryptocurrency enthusiasts. The study was conducted between July 2022 and January 2023 and surveyed 459,000 cryptocurrency holders from 26 countrie ...

Hong Kong Legislative Council Announces New Licensing System for Virtual Asset Providers

These are based on suggestions from market participants The authorities have received 150 appeals on the issue The Hong Kong Legislative Council will restart the crypto-trading market starting June 1. They have adopted a new licensing system (VASP) for virtual as ...

Woman Sentenced to Prison for Dealing with Cryptocurrency in New Hampshire

A 35-year-old resident of New Hampshire accused of engaging in illegal activities has been sentenced to 18 months in prison by the US District Court for dealing with cryptocurrency. According to prosecutor Jane Young, Aria DiMezzo exchanged fiat currencies, mainly US dollars, for bitcoin between ...

Bitget announces $10 million commitment to support Fetch.ai ecosystem

Bitget, a crypto exchange, has recently announced its strategic partnership with Fetch.ai and a pledge of $10 million to support the ecosystem. In addition to this, Bitget has also launched a fund that aims to support promising startups and place them on Launchpad. According to Bitget, there i ...

Financial Services Committee Members Suspect Operation “Choke Point 2.0” Against Crypto Businesses

Financial Services Committee members demand access to internal correspondence They suspect that operation "Choke Point 2.0" has been launched against the cryptocurrency business The FDIC, OCC and Fed have previously repeatedly hinted to banks that links to this se ...

Ted Cruz Reveals His Strong Support for Bitcoin Investment

During the Bitcoin Policy Summit, Ted Cruz, a prominent American senator, made a bold confession about his personal investment strategy. According to Cruz, he is a devoted investor in bitcoin, and he regularly purchases the popular cryptocurrency. The senator revealed that he currently holds s ...

LayerZero Introduces Tool to Install Validator in One Hour

It lets you run the validator in 1 hour The finished product will be released in the coming months The LayerZero project has introduced a tool with the working name Essence. It will allow you to start and install the validator (Oracle & Relayer) in just 1 hou ...

Apple Allowed Publishers to Offer Alternative Payment Options, Affecting NFT Market

Apple won the case, but suffered a major blow The court allowed publishers in the App Store to offer alternative payment options This means that you can buy NFT for cryptocurrency and without the predatory 30% commission This week the appeal hearing i ...

Binance CEO Refutes Claims of $28 Billion Net Worth

The CEO of Binance, a popular cryptocurrency exchange, has pushed back against media reports that claim he has a net worth exceeding $28 billion. Changpeng Zhao, the CEO, called the reports inaccurate, insisting that he doesn't have that much money. Bloomberg, however, has listed Zhao as one o ...

Prominent Cryptocurrency Researcher Uncovers Massive Scam Involving Meme Tokens

ZachXBT, a well-known researcher in the world of cryptocurrency, has made a shocking revelation. According to their recent findings, an individual has been issuing numerous fraudulent "meme tokens" from a particular address over the last 45 days. The wallet in question is 0x739c58807B99Cb274f6 ...

MyEListing.com Launches Real Estate Trading Platform for Cryptocurrency

MyEListing.com, a new real estate platform that allows buyers and sellers to transact in cryptocurrency, has just launched in the United States. The platform boasts the ability to close trades within a single business day, and is available for users from around the globe. The platform is integ ...

Bitcoin (BTC) Forms Bearish Candle and Breaks Short-term Pattern

Bitcoin (BTC) fell sharply, forming a bearish candle from last week and making a bearish breakout from a short-term pattern As thought, bitcoin formed a local top and triggered a significant correction. However, yesterday BTC began to rebound. Here's how it could affect the long-term dynamics ...

Former BitMEX CEO Believes Cryptocurrencies Offer Protection Against Broken Banking System

The previous CEO of BitMEX, a cryptocurrency derivatives exchange, believes that investing in cryptocurrencies is a wise move in a "flawed banking system" as it provides protection against the risk of losing funds. Arthur Hayes elaborated on why he believes that cryptocurrencies are an excellent ...

Spanish police arrest crypto scammers who stole over $110 million

The scammers deceived about 3,000 people They offered to invest in non-existent cryptocurrencies Police in Spain have exposed cryptojackers who deceived about 3,000 people and stole more than $110 million.. On April 24, law enforcement officers found and arres ...

Ripple’s XRP Exchange Rate Analysis: Possible Market Reversal Ahead

The Ripple (XRP) exchange rate declined noticeably on April 19 after rebounding from an important resistance area. However, the formation of the bottom may determine the market reversal. The native token project Ripple (XRP) broke through a downward resistance line on March 21 and rose. On March ...

Cryptocurrency Analyst Predicts Sharp Drop in Ether Market Value

A well-known expert in the field of cryptocurrency analysis has made a bold prediction regarding the future market value of Ether. Benjamin Cowen recently uploaded a video to his YouTube channel in which he explains that the current market price of Ether, which is around $2,000, is experiencing a ...

Phantom Wallet Adds Ethereum and Polygon Blockchain Support, Enhances Security Features

Extension to take effect May 1 Users will be able to make transactions on all three blockchains The Phantom cryptocurrency wallet will begin supporting Ethereum and Polygon blockchains. Brandon Millman, CEO and co-founder of Phantom, said the integration will ...

Binance Coin (BNB) Aims for Bullish Breakout: Technical Analysis

The BNB exchange rate is trading near an important horizontal resistance area. Her breakthrough could appreciably accelerate the growth rate of Binance's native coin exchange The cryptocurrency market sagged last week, but BNB, the native token of leading cryptocurrency exchange Binance, did not ...

OpenOcean Integrates MetaMask Swaps to Become a Popular DEX Aggregator

This is one of the popular DEX aggregators Tells all the details of the new option MetaMask Swaps integrated DEX aggregator OpenOcean. The company shared this news on their official Twitter page: https://help.twitter.com/en/twitter-for-websites-ads-info-and-pr ...

SEC Chairman Gensler Says Most Crypto Assets Are Not Securities

Gensler told his students this during a course at MIT The current chairman of the SEC categorized three-quarters of the crypto-asset market as commodities and fiat In 2018, Professor Gary Gensler taught a course for MIT students called "Blockchain and Money". ...

Bitget Adds Liquid Staking Derivatives as Margin Option for BGB-Margined Futures

Bitget, a crypto exchange, has recently announced the inclusion of liquid staking derivatives as a margin option for BGB-margined futures, making it the first centralized exchange to bring such a product to the market. Bitget Margined Futures is a product designed for cryptocurrency enthusiasts t ...

Binance Returns to Russia, Memcoins Flourish, and LUNA Declared Not a Security

GM! Binance returns to Russia, memcoins flourish on the market, and LUNA is not recognized as a security, Binance bursts into a liquid stacking with a native token, KuCoin users had $22 thousand stolen. phishing, and 4 billion Trust Wallet wallets at risk. We're also in the midst of a memcoin tre ...

Google Authenticator Update Raises Security Concerns for Cryptocurrency Owners

Cryptocurrencies will be at risk Now one-time codes are device-independent Google announced an update to Google Authenticator for iOS and Android. Users can now synchronize the verification codes generated by the authenticator with all Google accounts and devi ...

Cryptocurrency Runner Do Kwon’s Funds Transferred to Sygnum Bank AG

The SEC previously said Kwon transferred $100 million to the bank account Part of the money was spent on a lawyer South Korean and U.S. investigators requested the accounts be frozen In February, the SEC reported that Do Kwon transferred 10,000 BTC to ...

Factors Expected to Push Bitcoin to $100,000 by End of Next Year

This was made possible by the banking crisis in the U.S. and the reduction of pressure from the Federal Reserve As a result, BTC capitalization is expected to increase by 50-60% If this trend continues, the asset will pass the $100,000 level by the end of next yea ...

Chamath Palihapitiya Believes Cryptocurrency Is Effectively Dead in the US

He said so on the All-In podcast The businessman believes that the "good players" are simply reaping the benefits of FTX and other unscrupulous companies' bankruptcy A new All-In podcast was released last week. Investor, billionaire and cryptocurrency advocate Ch ...

Circle CEO Dante Disparte Predicts Breakthrough in Cryptocurrency Legislation

Circle CEO Dante Disparte believes so He said the market needs a Dodd-Frank Act analogue Circle Chief Compliance and CSO Dante Disparte has high hopes for this year. He is confident that we are in for a "breakthrough time" in legislation. And countries will be ...

Binance’s Tech Workforce in China Draws US Regulators’ Attention

Binance.US, a subsidiary of Binance created to cater to US customers, reportedly maintains a significant technology workforce in China, as per sources cited by Bloomberg. However, the connection to China could potentially raise regulatory concerns for the company, as noted by the same source. ...

Court Orders Freeze of Cryptocurrency Assets and Accounts

A recent court ruling has put a stop to all cryptocurrency-related activities on major platforms, such as Binance, Crypto.com, Bitstamp, and Kraken. The decision was made in response to a request from the liquidator of the defunct cryptocurrency platform Globix, who sought to freeze all digital a ...

Ethereum Co-Founder and Indian Mystic Discuss the Impact of Technology on Human Interaction

During a virtual event organized by the reState Foundation, Vitalik Buterin, the co-founder of Ethereum. Engaged in a conversation about the impact of the latest technologies on human interaction with Sadhguru, the Indian mystic who founded the Isha charity foundation. The duo also discussed b ...

GOP proposes stablecoin bill to remove SEC oversight

Republican congressmen recently introduced a bill regarding stablecoins that aims to eliminate the Securities and Exchange Commission's (SEC) oversight of digital stablecoins. The revised version of the bill would strip the SEC of its authority over stablecoins, except for algorithmic stablecoins ...

Standard Chartered Analysts Predict Bitcoin Could Reach $100,000 by End of 2024

Financial experts at Standard Chartered have predicted that the price of Bitcoin could reach $100,000 by the end of 2024. This bullish outlook is attributed to the increased attention and interest in Bitcoin among investors following the collapse of several US banks, including Silicon Valley. ...

Ripple Considers Moving Business Outside US Amid Ongoing SEC Legal Battle

Ripple is currently evaluating its options for relocating its business outside the United States in response to the ongoing legal battle with the SEC, taking cues from Coinbase's recent actions. Ripple's international policy adviser, Susan Friedman, has expressed a favorable view of the European ...

Billionaire Chamath Palihapitiya claims US regulators have “strangled” the cryptocurrency sector

According to billionaire and venture capitalist Chamath Palihapitiya, the cryptocurrency industry in the United States is on the brink of collapse due to what he believes is the stifling regulations imposed by the government. Palihapitiya claims that the US authorities vi ...

Venezuelan Crypto Companies Forced to Cease Activities Due to Corruption Investigation

The authorities in Venezuela have issued a stern warning to cryptocurrency companies, insisting that all their activities come to a halt until further notice. This move comes in light of a massive corruption scandal that could potentially involve the leak of up to $20 billion from the country. ...

South Korean Central Bank to Strengthen Control Over Cryptocurrency Industry

The South Korean Central Bank is taking steps to increase its oversight of virtual asset service providers (VASPs) and cryptocurrency issuers. To better monitor these entities, the Bank of Korea will now request transaction data from cryptocurrency exchanges, a move that has been approved by the ...

Dogecoin Creator Calls Crypto Investors “Mentally Disabled” and NFT Buyers “Unhealthy”

Billy Markus, the creator of the Dogecoin meme cryptocurrency, has made controversial comments about crypto investors and NFT buyers. Markus, who tweets under the handle Shibetoshi Nakamoto, a parody of the mysterious creator of Bitcoin, Satoshi Nakamoto, has been a vocal critic of cryptocurrenci ...

Is a Bearish Breakout Imminent for Polygon (MATIC)?

The Polygon (MATIC) rate has been losing ground since February and reached the support of a long-term pattern, which has been holding back the price since June 2022 A bearish break of the long-term bullish structure will be a negative signal for MATIC.  Will the price ...

Zimbabwe Plans to Launch Gold-Backed Cryptocurrency to Stabilize Local Currency

The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce a novel gold-backed government cryptocurrency (CBDC) in a bid to stabilize the local currency. RBZ Governor Rjon Mangudiya has confirmed that the CBDC will be recognized as legal tender. By launching a digital currency linked ...

IRS to Send Crypto Agents to Four Countries for International Investigation

The IRS has announced its intention to deploy its staff to multiple countries as part of its efforts to investigate cryptocurrency and DeFi-related crimes. Under a pilot program that runs from June to September 2023, the agency's crypto and cybercrime agents will be working closely with law enfor ...

Experts give Ethereum end-of-year forecasts

The second most capitalized cryptocurrency Ethereum caught the attention of the cryptocurrency community thanks to a series of upgrades, which, according to the developers, increased the viability of the project. Many investors are wondering how exactly the changes will affect ETH. To understand ...

Binance CEO suggests using crypto to fight Twitter bots

Changpeng Zhao, the CEO of Binance, has proposed a solution to combat bots on Twitter using a special cryptocurrency commission. He suggested implementing the option for users to pay $0.x per comment made by those they don't follow. According to Zhao, this will make it too expensive for bots t ...

Telegram Update Enables Bitcoin Transactions Through Wallet Bot

Thanks to a recent update on Telegram, messenger users can now easily buy, sell, and send bitcoins to one another through the Wallet bot web interface. According to the official announcement, the updated web interface allows users to purchase, withdraw, exchange, and make P2P transactions with BT ...

Robert Kiyosaki Predicts Bitcoin’s Value Will Soon Reach $100,000

Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has voiced his unwavering support for Bitcoin and believes that the world's first cryptocurrency will soon be valued at $100,000. In a recent tweet, Kiyosaki explained that he had initially thought Bitcoin had reached its peak, but wat ...

Beware of Cryptocurrency Scams on TikTok: Study Shows 1 in 3 Videos with #cryptok Hashtag are Fraudulent

The TikTok platform has seen an astonishing 6 billion views of videos with a cryptocurrency theme. However, a new study has revealed that not all "crypto influencers" on the platform have the best interests of investors in mind. Analysis conducted by dappGambl of 1,161 videos featuring the has ...

New York Court Approves Sale of Voyager Digital’s Assets to Binance.US

Just as a disclaimer, it's important to note that changing the wording of news articles could be considered plagiarism. However, I can offer a rephrased version that conveys the same information in different words: Following the recent settlement agreement between the Voyager Unsecured Credito ...

Bitcoin Mining Difficulty Reaches New Record High

Following the latest recalculation of the bitcoin mining complexity, the measurement increased by 1.72% and has now surpassed the previous record to reach an all-time high of 48.71 trillion hashes. This adjustment occurs roughly every two weeks and is reliant on the network hashrate - the higher ...

BeInCrypto’s Top List of Altcoins That Suffered the Most Losses During April 14-21

The BeInCrypto editorial staff compiled the top list of altcoins that suffered the most losses during the week of April 14-21 The week of April 14-21 did not favor altcoins due to the overall crypto market drawdown. The BeInCrypto editorial staff has compiled a top list of altcoins that suffer ...

Bitget Launches New Online Service Allowing Purchase of Cryptocurrencies with VISA and Mastercard

Bitget, one of the leading crypto derivatives trading and copy trading platforms, has unveiled an innovative online service that allows users to purchase cryptocurrencies using VISA and Mastercard. This new solution is set to revolutionize the way users deposit fiat liquidity into the platform fo ...

Canadian Teachers’ Pension Fund Abandons $95M Crypto Investment in FTX

The OTPP Exits Cryptocurrency Investment After $95M Loss on FTX. The Canadian Teachers' Pension Fund of Ontario (OTPP) has decided to abandon its cryptocurrency investment after incurring a loss of $95 million in the bankrupt cryptocurrency exchange FTX. OTPP, Canada's third-largest pension fu ...

Metropolitan Commercial Bank Exits Crypto Business

Metropolitan Commercial Bank, a leading public bank in the United States, announced its departure from the cryptocurrency business, citing a significant drop in digital currency deposits from $820 million to $275 million as of March 31. The bank, with a capitalization of ...

Brazilian Authorities Investigate Binance for Alleged Financial Crimes

As per reports from the local media, Binance, a cryptocurrency exchange, is under investigation by the Brazilian Federal Police and the Federal Prosecutor's Office. The investigation was initiated after the Securities and Exchange Commission (CVM) informed the Attorney General of Sao Paulo State ...

Cryptocurrency Analyst Predicts 54% Increase in Bitcoin Value

According to InvestAnswers, a well-known anonymous cryptocurrency analyst, the rate of Bitcoin is expected to rise by 54% in the near future, potentially reaching $45,000. This prediction is based on a chart provided by K33, a research company that compares the current be ...

EU Cryptocurrency Regulation Bill (MiCA) Approved by European Parliament

The European Parliament has given its approval to the EU Cryptocurrency Regulation Bill (MiCA), a landmark piece of legislation that seeks to establish clear standards for the industry and safeguard the interests of crypto investors. The MiCA framework received strong support from 517 members of ...

US Democratic Lawmakers Criticize Stablecoin Regulation Bill

The stablecoin regulation bill has come under fire from Democratic lawmakers in the United States, who are concerned that the lack of a clear regulatory framework may lead to stablecoin issuers seeking out other jurisdictions. The bill, which was created in 2022 by Republican Patrick McHenry of N ...

Banco de Venezuela Hit by Ransomware Attack

Banco de Venezuela, the largest financial institution in the country, has suffered a devastating ransomware attack that has left its digital infrastructure compromised. The attack reportedly took place on April 19, and sources in the cybersecurity community have identified the culprit as the Lock ...

Tribe Capital Considers $250 Million Fundraising Campaign to Relaunch FTX Exchange

Tribe Capital, a Menlo Park-based venture capital firm with over $1.6 billion in assets under management, is reportedly mulling over a $250 million fundraising campaign to relaunch the failed FTX cryptocurrency exchange. The plan is said to involve self-financing at least $100 million and attract ...

Bitget Registers in Lithuania to Expand Crypto Services

Bitget, one of the largest cryptocurrency derivatives exchanges, has successfully completed its registration process in Lithuania. This achievement enables Bitget to offer its range of cryptocurrency services in compliance with local regulations and laws. This new development is expected to ex ...

Sotheby’s to Auction Three Arrows Capital’s Digital Art Collection

Sotheby's, the world's oldest auction house, is set to sell a unique collection of digital artworks that once belonged to the now-bankrupt cryptocurrency hedge fund, Three Arrows Capital. The auction will showcase several non-fungible tokens (NFTs) from the Three Arrows Capital Digital Collection ...

Kursk Police on the Hunt for Cryptocurrency Fraudsters After Local Resident is Defrauded of 1.2 Million Rubles

The Kursk regional police are currently on the hunt for individuals who scammed a local resident out of 1,290,000 rubles by posing as cryptocurrency investors. The victim, a 43-year-old man, fell prey to a standard fraud scheme when he responded to an online advertisement promising huge profits t ...

Hackers Return $7.2 Million Stolen from Safemoon’s Decentralized Cryptocurrency Exchange

The decentralized cryptocurrency exchange Safemoon was the target of hackers who managed to steal $9 million worth of crypto assets from the protocol's liquidity pool at the end of March. However, the good news is that the attackers returned $7.2 million in two separate transactions in the early ...

Understanding Inflationary and Deflationary Cryptocurrencies

Bitcoin and altcoins are deflationary assets or, like regular paper money, are cryptocurrencies subject to inflation? How can we tell the difference between real deflationary coins? What is inflationary cryptocurrency ...

First criminal case in Russia for misappropriation of cryptocurrency

The case of Alexei Ivanov, a system administrator at the Singapore-based WEX cryptocurrency exchange, is set to be heard in Novosibirsk. Ivanov is accused of misappropriating digital assets worth 3 billion rubles, in what is believed to be Russia's first criminal case involving the theft of crypt ...

Ripple (XRP) Faces Resistance as Wave Analysis Suggests Potential Reversal

The Ripple (XRP) rate fell sharply on April 19 after the price rebounded from an important resistance area Despite today's drop, however, wave analysis promises the project Ripple (XRP) token will bottom out soon and potentially reverse. Will the bulls be able to resuscitate the bullish struct ...

Increase in Cryptocurrency-Related Court Cases in Russia

As per a report by the consulting firm RTM Group, the number of legal cases associated with cryptocurrencies surged in Russia in 2022, reaching 1758, indicating an increase of almost 15%. RTM Group analysts highlighted that in the previous year, there were 1531 court decisions linked to digital a ...

Former US President Donald Trump’s Latest NFT Collection Sells Out in Hours

The ex-president of the United States has just released his latest collection of NFTs, totaling 47,000 tokens powered by the Polygon blockchain. Donald Trump announced that his entire collection was sold out within a few hours, amounting to a whopping $4.6 million in sales. This marks the seco ...

Dubai Accepts Applications from Cryptocurrency Companies for Operating Licenses

Dubai, one of the seven emirates in the United Arab Emirates, has officially announced that it is now accepting applications from cryptocurrency companies looking to obtain licenses to operate within the region. To do business in the UAE, digital asset firms must be legally registered with the Du ...

SEC Chairman Raises Concerns Over Cryptocurrency Promotion and Potential Ethereum Regulation

U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has voiced his concerns over the promotion of cryptocurrencies, indicating that Ethereum may be subjected to enhanced regulatory oversight. In a recent interview with TheBlock, Gensler emphasized that the primary objective of t ...

Bitcoin rises to $30,000: Is the crypto-zima over?

In the first half of April, bitcoin rose to $30,000 for the first time in 10 months, and has been trading at that level for the past week. Is the crypto-zima over and should we expect further market growth? Over the past year, bitcoin has lost 65% of its all-time high price ...

Cryptocurrency Exchange Gate Enables Georgia Merchants to Accept Crypto Payments

Gate, a cryptocurrency exchange, recently revealed that it has incorporated Gate Pay payment services into the development of CityPay, a crypto payment startup in Georgia. This integration will merge payment platforms and allow over 600 merchants in Georgia to access quick and efficient cryptocur ...

Hive Blockchain Reports 8% Increase in Bitcoin Mining Hashrate

Hive Blockchain, a Canadian mining firm, has recently reported an 8% increase in its total Bitcoin mining hardware hashrate over the last month. In May, Hive wallets received a total of 273.4 BTC and 2,694 ETH, while the hash rate of ETH mining devices remained constant at 6.26 Tx/s. The total ha ...

Solana’s Recent Price Movement and Potential Future Growth

On April 17, Solana hit a new high this year, but bounced off the high of the current range. What does this mean for SOL. SOL is a native token of the Solana blockchain, created by Anatoly Yakovenko. It uses a unique consensus mechanism that is a combination of Proof-of-Stake (PoS) and Proof-o ...

XRP On-Chain Metrics Suggest Possible Price Correction

For the last seven trading days, the XRP rate has mostly stalled around $0.52, and on-chain metrics promise the coin an early loss of $0.50 support. The native token of the famous Ripple project (XRP) was on the rise in March in a number of on-chain indicators, including the growth of popularity ...

Robert Kiyosaki on Cryptocurrency, Gold, and Silver: Why He Doesn’t Trust the Federal Reserve System or the US President

Robert Kiyosaki, the author of the highly successful book "Rich Dad Poor Dad," is a strong advocate for cryptocurrency, as well as gold and silver. He has voiced his mistrust of both the Federal Reserve System and the current US President. In a recent tweet, Kiyosaki stated that he believes Bi ...

Coinbase CEO Warns of Possible Withdrawal from US Crypto Market

During a Fintech Week event in London, Brian Armstrong, the CEO of Coinbase, stated that the company may have to consider withdrawing from the US market if the lack of regulatory clarity in the crypto industry persists. Armstrong believes that the US has the potential to become a significant mark ...

Donald Trump’s NFTs Could Have Earned Him $1 Million, Says Ethics Office

According to a recent report from the U.S. Government Ethics Office (CREW), Donald Trump's collection of non-fungible tokens (NFTs) could have earned him up to $1 million. The Trump Collection was launched on December 15, 2022, with a total of 45,000 copies available at a cost of $99 per piece. ...

Calgary Police and Chainalysis Partner to Investigate Crypto-related Crimes

Calgary, Alberta, Canada's police force has partnered with Chainalysis, an analytical company, to establish the Center for the Investigation of Crimes Related to Cryptocurrencies and Blockchain. The CPS Blockchain Investigation Team (BIT) was formed by the Cybercrime Investigation Unit of the Cal ...

Australians lose $148.3 Million to Cryptocurrency Scams in 2022

According to the latest report by the Australian Competition and Consumer Commission (ACCC), cryptocurrency scams in 2022 resulted in a loss of $148.3 million to Australian citizens. The regulator received 3,910 reports of cryptocurrency fraud over the past year, with an average loss of $37,900 p ...

Dogecoin (DOGE) Price Analysis: Potential Growth to New Highs in 2023

The Dogecoin (DOGE) price may have just entered the first phase of growth, which could eventually lead the price to new highs this year The popular DOGE meme coin created by the Dogecoin project has been declining along a descending resistance line since November 2022. The price bounced off th ...

US SEC Sends Notice to Bittrex Over Unregistered Operations

The Wall Street Journal has reported that Bittrex, a cryptocurrency exchange, has received a notice from the US Securities and Exchange Commission (SEC) regarding the possibility of being forced to cease operations for not registering with the agency. Bittrex General Counsel David Maria confirmed ...

IntoTheBlock Report Reveals Withdrawal of $1.8 Billion Worth of Ethereum from Staking

A new report from cryptanalytics platform IntoTheBlock says that by the start of the week, Ethereum holders had applied to withdraw 868,631 ETH worth more than $1.8 billion from staking. Approximately 63% of the ethers pending the completion of the withdrawal operation pr ...

Cardano (ADA) Breaks Through Resistance Levels: Potential Bullish Reversal Ahead

Cardano (ADA) has broken through long- and short-term horizontal resistance levels, confirming a potential bullish reversal ADA is the native token of the Cardano blockchain platform created by Charles Hoskinson. As the results of the technical analysis of the daily chart show, the outlook for ...

SEC Commissioner Esther Pierce Disagrees with Chairman Gensler’s Regulatory Policy

SEC Commissioner Esther Pierce recently expressed her opposition to the regulatory policies being implemented by SEC Chairman Gary Gensler in statements posted on the agency's website. Pierce has been critical of Gensler's handling of the SEC, stating that the agency is stifling innovation and pr ...

Binance Withdraws SHIB, FXS, TWT, and 1INCH Crypto Assets from Innovation Zone

Binance, the largest cryptocurrency exchange in terms of trading volume, recently made an announcement regarding the withdrawal of four crypto assets, namely SHIB, FXS, TWT, and 1INCH from its "innovation zone". Starting April 18, these assets will be fully accessible to users. The reason behi ...

Crypto Analysts Predict Bullish Rally for Bitcoin

The analyst is anticipating a bullish rally for Bitcoin and is seriously considering the possibility of it surging strongly towards an all-time high of $69,000. DonAlt, a crypto expert, shared his predictions with his nearly half a million social media followers and pointed out that in order to a ...

Chia Network Submits IPO Application to SEC

Chia Network, a prominent blockchain company, has revealed its intention to go public via an initial public offering (IPO) in the form S-1, as reported on April 14 by its representatives. The company was founded by Bram Cohen, who is also known for his contributions to the development of the Bitt ...

CEO of SkyBridge Capital remains bullish on Bitcoin, critical of SEC and Elizabeth Warren

Anthony Scaramucci, the CEO of SkyBridge Capital, has expressed his confidence in the growth prospects of Bitcoin, but he is not ready to call himself a Bitcoin maximalist. He explained that he is not a religious figure that blindly advocates for Bitcoin, but he still maintains his enthusiasm for ...

Crypto Analyst Advises Selling Bitcoin as Market Overbought

In a recent video on the DataDash channel, a crypto analyst cautioned investors to sell their bitcoin as the cryptocurrency market seems to be overbought. The analyst, Nicholas Merten, argued that BTC has experienced an increase of nearly 100% since November 2022 and is likely to face a resistanc ...

James Zhong Sentenced to Prison for Stealing over 51,000 BTC from Silk Road

James Zhong was sentenced to a year and a day in prison by the Southern District of New York court due to his involvement in criminal activities related to the theft of over 51,000 BTC from the infamous Silk Road marketplace. In 2012, Zhong was able to hack the Silk Road's withdrawal processing s ...

Cryptocurrency Market Gains Momentum as Investors Regain Risk Appetite

Investors have regained their appetite for risk. This can explain the growth of the cryptocurrency market during the week. The rise in the price of bitcoin catalyzes the demand for altcoins. Even Shapella is not a hindrance. ...

Ethereum Network Update Boosts ETH Price to 11-Month High

Shortly after the successful update of the Shapella Ethereum network, the value of Ether, the second largest cryptocurrency by market capitalization, surged to $2,100, bringing it back to its May 2022 position. Experts monitoring the network growth rate have stated that Ether is currently leading ...

Montana Passes Bill Defining Digital Assets as Personal Property to Prohibit Cryptocurrency Taxation

The Montana House of Representatives has recently passed a bill that defines digital assets, such as cryptocurrency, stablecoins, and NFTs, as personal property. This means that these assets are subject to the same property rights and protections as other forms of personal property. Moreover, ...

Solana’s Saga Smartphone for Cryptocurrency Integration

Solana has recently launched its Saga cryptocurrency smartphone, which is expected to hit the market on May 8th. This unique smartphone is manufactured by OSOM, and has a 6.67-inch OLED screen with a refresh rate of 120Hz, 12GB of RAM, and 512GB of storage. The smartphone also features a finge ...

Investor and Crypto Fund Manager Predicts Bitcoin to Reach $300,000 or Even $500,000

During a recent interview with cryptocurrency analyst Scott Melker, Dan Tapiero, an investor and cryptocurrency fund manager, expressed his confidence in the growth of Bitcoin. He predicts that the first cryptocurrency could reach $300,000, and possibly even $500,000, in the near future. To sh ...

Australian Billionaire Gina Rinehart’s Name Used in Cryptocurrency Scam Ads

Cryptocurrency fraudsters have resorted to using the identity of one of the wealthiest women in Australia, Gina Rinehart, who is the owner of Hancock Prospecting, to advertise their schemes. The scammers are claiming that Rinehart has invested in a particular cryptocurrency startup and that users ...

Cyber Attacks Continue to Plague the Cryptocurrency Industry

PeckShield, a cybersecurity agency, has reported that hackers have breached the DeFi Yearn.Finance protocol and made off with $11 million worth of cryptocurrency assets. Reports earlier indicated that the Aave V1 protocol had been hacked, but Aave developers clarified that the protocol was not co ...

Paxos to Pull Out of Canadian Market due to Regulatory Changes

Paxos, the cryptocurrency company, has recently announced its decision to withdraw from the Canadian market. In an email sent to its Canadian customers, the company stated that it would no longer provide support to users in the country, with account disabling scheduled for May 9, 2023. The mov ...

Allbridge Hack Victims Begin Receiving Refunds for Stolen Funds

According to the Allbridge project team, users who were affected by the hack that occurred in early April are now receiving their funds back. The team announced that the first round of return payments was completed between April 5 and 9. For those who were not included in this first round, the ...

ZA Bank to Support Cryptocurrencies on its Platform

ZA Bank, the largest digital bank in Hong Kong, has revealed its intention to introduce support for cryptocurrencies. According to reports, ZA Bank CEO Ronald Yu has stated that the bank will serve as a settlement bank for cryptocurrency exchanges, allowing users to make fiat deposits and withdra ...

How to Determine a High-Quality Cryptocurrency: Tips for Investors

The number of cryptocurrencies in the world has reached tens of thousands. Are many of them good? Hardly. How can an investor determine what is a high-quality altcoin, and what is a “scam” and another fraudulent project? ...

Stellar CEO calls for regulation of stablecoins pegged to the US dollar

In a recent interview with Bloomberg, Denelle Dixon, the CEO of the Stellar Development Foundation, shared her views on the need for US lawmakers to regulate stablecoins pegged to the US dollar. Dixon believes that such regulations will not only help strengthen the value of the national currency ...

Kaspersky Lab warns of a surge in cryptocurrency phishing attacks in Azerbaijan

Kaspersky Lab experts have raised concerns about the growing prevalence of cryptocurrency phishing scams in Azerbaijan. According to recent reports, the number of such attacks has increased threefold over the past year. Hackers and scammers have seemingly shifted their focus from traditional a ...

Bernstein Research Recommends Bitcoin over Gold for Better Profitability

According to a recent report by Bernstein Research, experts suggest that gold investors should consider investing in Bitcoin for higher profitability in the foreseeable future. Despite Bitcoin's impressive 71% growth since the beginning of the year, many investors are still skeptical about its lo ...

Majority of Americans Have No Plans to Invest in Cryptocurrencies, Says Pew Research

As per the results of a recent survey conducted by Pew Research, the majority of Americans, about 70%, have no intention of investing in cryptocurrencies in the near future. The study reveals that a lack of confidence in the safety and security of investing in digital assets, due to high volatili ...

Study Finds Australian Offenders Using Cryptocurrencies Receive Harsher Sentences

Based on research conducted at RMIT University in Melbourne, it has been found that criminals in Australia who use cryptocurrencies tend to receive more severe punishments. The study examined 59 criminal cases that involved bitcoin and other digital currencies and were brought before Australian c ...

Argentina’s CNV Approves First Bitcoin Futures Index in Latin America

The Bitcoin Futures Index has been approved by the National Commission of Values of Argentina (CNV) as part of their strategic innovation program, marking a significant step forward for the country's financial sector. This new futures index is set to be the first of its kind in Latin America and ...

Douyin Removes Bitcoin Price Monitoring Feature Shortly After Adding It

It is not uncommon for the Chinese government to closely monitor and control information related to sensitive topics such as cryptocurrency. The recent removal of the Bitcoin price monitoring feature on Douyin shortly after it was added suggests that the Chinese authorities may not be as crypto-f ...

Peter Schiff warns of Bitcoin crash after Novogratz interview

During a recent interview with CNBC, Michael Novogratz, a well-known crypto advocate, shared his thoughts on the factors that contributed to the rise of Bitcoin. However, Peter Schiff, a vocal critic of the cryptocurrency, accused reporters of failing to ask Novogratz tough questions about the di ...

Bank of America Analysts Notice Strong Bitcoin Outflows from Crypto Exchanges to Personal Wallets

Bank of America analysts have recently observed a noteworthy trend in the cryptocurrency market. Over the last week leading up to April 4th, there has been a substantial outflow of bitcoins from crypto exchanges to users' personal wallets, amounting to $368 million in total, according to a report ...

Spanish Government Increases Efforts to Collect Taxes on Digital Assets

The Spanish Government's Tax Administration Agency (AEAT) is taking serious action to collect taxes from local holders of digital assets. As part of this effort, the agency plans to send notifications to 328,000 traders across the country. This marks a 40% increase in the number of notificatio ...

Binance US to Delist TRON and SPELL Tokens on April 18

The American branch of Binance, a popular cryptocurrency exchange, has announced that it will delist two assets from its platform, including the Abracadabra SPELL DeFi protocol token and the TRON (TRX) altcoin. The delisting of both assets is scheduled for April 18, with deposits disabled on Apri ...

European Commission Calls for Stronger Background Checks on Cryptocurrency Users

The European Commission has recently released a report stressing the need for increased scrutiny of users of cryptocurrency exchanges and ATMs, citing concerns over the growing prevalence of darknet marketplaces and the purchasing of illegal substances. The European Monitoring Center for Drugs an ...

Fortune Releases Crypto 40 Ranking of Companies Impacting the Crypto Industry

Fortune, the renowned American business magazine, has created the Crypto 40 rating to recognize the 40 companies that have made the most significant impact on the cryptocurrency industry. These organizations have been divided into eight categories, including CeFi, TradFi, NFT, Infrastructure, Ven ...

Chinese authorities fine Bitmain $3.7 million for tax evasion

According to reports from China, Bitmain, one of the leading mining equipment manufacturers, has been fined 25 million yuan ($3.7 million) by local authorities for tax evasion. The Beijing Office of the State Administration of Taxation imposed the fine on Bitmain Technologies for failing to pay p ...

South Korean Cryptocurrency Exchange Gdac Hacked, Loses $14 Million

Reports indicate that Gdac, a South Korean cryptocurrency exchange, was the target of a recent cyberattack. The hackers managed to withdraw around $14 million, which accounts for 23% of the total assets that the exchange holds. The stolen funds included 61 BTC, 350.5 ETH, 10 million Wemix toke ...

Bitcoin More Popular than Trump and Elvis among US Internet Users

US internet users show more interest in searching for information about Bitcoin than other popular topics such as former president Donald Trump or even Elvis Presley, according to Ahrefs platform's popularity index. The cryptocurrency has surpassed politics, Coca-Cola, religion, donuts, alimony, ...

PleasrDAO and Own the Doge NFT Community Announce Kabosu Documentary

PleasrDAO and Own the Doge NFT community have revealed their plans to create a documentary about the beloved Shiba Inu dog, Kabosu, who inspired the popular Dogecoin cryptocurrency and became an icon of the meme world. The feature-length film will detail Kabosu's life journey, from being a neglec ...

Analyzing SOL Price Performance in April 2023

Solana price may collapse if it fails to gain a foothold above the $20 horizontal support level. On the other hand, a breakdown of the long-term resistance line will accelerate the growth rate of SOL SOL is a native token of the Solana blockchain, created by Anatoly Yakovenko. It uses a unique ...

Bitcoin Technical Analysis: Strong Bullish Signals Suggest BTC Price Increase

The technical picture favors bitcoin. The most likely scenario assumes an increase in the BTC rate towards at least $33,200. Bitcoin Weekly Chart Shows Some Strong Bullish Signals. As the results of technical analysis show, on this timeframe, the BTC price made a bullish breakdown of the downward ...

Tether Blacklists Address of Hacker Who Stole $25M in Cryptocurrencies

Tether, the issuer of the USDT stablecoin, has taken steps against an attacker who recently stole $25 million worth of cryptocurrencies from MEV bots through the use of a Sandwich method attack. The hacker took advantage of a security vulnerability in the decentralized exchange Uniswap on the Eth ...

Bitcoin Reaches 10-Month High at $30,000: Bullish Sentiments Prevail Despite Skepticism

On the morning of April 11, the value of the first cryptocurrency surged, exceeding $30,000, which marked a ten-month high. The rate of bitcoin approached $30,500 before experiencing a minor decline, and at present, BTC is being traded at $30,090. The previous time bitcoin's value hit this lev ...

US Presidential Candidate Robert Kennedy Jr. Advocates Bitcoin as a Safe Haven

Robert Kennedy Jr., an American political figure, has praised bitcoin as a safe haven due to its decentralization, which makes it less vulnerable to the risks inherent in traditional finance. In a recent tweet, Kennedy also brought up the FedNow platform, which allows for instant payments between ...

Analysts Expect Bitcoin to Surpass $30,000 This Week

Several analysts of the cryptocurrency market at once expect an increase in the cost of bitcoin above $30,000 this week. Bitcoin analyst Willy Woo shared macro indicators on Twitter, confirming, in his opinion, the uptrend of the first cryptocurrency in terms of capitaliz ...

DOGE Price Analysis: Short-Term Neutral Pattern with Long-Term Bullish Signals

The DOGE cryptocurrency is currently trading within a short-term neutral pattern, while also giving long-term bullish signals. The famous meme coin created by the Dogecoin project has been steadily rising along an ascending support line since June 2022. However, since November of the same year ...

Glassnode Report Shows Almost Half of Total Bitcoins Dormant for Over Two Years

Glassnode recently released data indicating that almost 50% of the total volume of bitcoins has been withdrawn from circulation and has remained dormant for over two years. This amounts to roughly 9.45 million BTC, which at current prices is worth approximately $270 billion. Additionally, near ...

Mysten Labs Denies Plans for Free Distribution of Tokens for Sui Blockchain Project

Mysten Labs, the company behind the development of the Sui blockchain project, has made it clear that there will be no free distribution of tokens. The co-founder of the company, Adeniyi Abiodun, took to Twitter to dismiss rumors of an impending airdrop and stated that there will never be one. ...

SHIBA INU Price Analysis: Short-term Triangle Breakout Expected

Shiba Inu price has previously made a bullish breakout, but now it is difficult to develop bullish momentum. However, SHIB may soon rise towards at least $0.0000125 The popular meme coin SHIB, created by the Shiba Inu project, is an ERC-20 token and one of the main rivals of Dogecoin. As the r ...

SushiSwap Hacked: Hackers Withdraw More Than $3.3M in Smart Contract Breach

The decentralized exchange SushiSwap recently experienced a security breach resulting in hackers exploiting a vulnerability in the RouteProcessor2 smart contract. The hackers were able to withdraw over $3.3 million from the platform before the issue was identified. The CEO of SushiSwap, Jared ...

South Korean Prosecutor’s Office Pursues Terrafarm Labs Leaders Over Profits from Terra Ecosystem

KBS, a South Korean broadcaster, reported on the attempts of the Republican prosecutor's office to seize profits earned by businessmen in the Terra (Luna) ecosystem at Terrafarm Labs. Journalists revealed that Do Kwon and his assistants owned a massive sum of 415.5 billion South Korean won, equiv ...

Bitcoin’s Course May Change Amid Recession Forecasts, Experts Warn

According to analysts at CryptoPotato, the value of Bitcoin, the first and most popular cryptocurrency, may experience significant changes due to the predictions of an upcoming recession. The experts point to issues being faced by banks in both the US and Europe, and the growing number of negativ ...

Crypto Analyst Credible Believes Bitcoin’s Bull Run Has Begun

Credible, a popular cryptocurrency analyst, has recently expressed his opinion that the first cryptocurrency, Bitcoin, is in the midst of a true bull run that will culminate in the update of its historical maximum. According to Credible, the BTC price movement from June to December last year repr ...

Ripple’s CTO Advises Against Exclusive XRP Apps

Ripple's Chief Technology Officer (CTO), David Schwartz, recently shared his thoughts on the idea of creating an app that exclusively works with XRP cryptocurrency. In response to a query on social media, Schwartz suggested that developing decentralized applications (dApps) and other products exc ...

Coinbase CEO Confirms Integration of Lightning Network Protocol for Faster and Cheaper Transactions

The CEO of Coinbase has announced plans to incorporate The Lightning Network protocol into the trading platform's features, which will allow for faster and more affordable transactions. Brian Armstrong recently discussed the impending modifications to the Bitcoin Lightning Network on Coinbase aft ...

Tether Adds EURT and XAUT Trading Pairs to SimpleSwap Exchange

Tether, the company behind the popular USDT stablecoin, has announced that it is expanding its trading pairs to include Euro Tether (EURT) and Tether Gold (XAUТ) on the SimpleSwap exchange platform. This move gives SimpleSwap users access to two additional stable cryptocurrencies, further expandi ...

Cryptocurrency Weekly Update: Bitcoin Stabilizes, Ethereum Rises on Shapella Update Hype, Cardano Declines

Cryptocurrencies did not show any strong dynamics in the outgoing week. However, for individual coins, large investors continue to increase their positions. What is it connected with? bitcoin Over the week, the cost of bitcoin dropped from $28,4 ...

Congressman Criticizes SEC Chairman for Hindering Crypto Industry Growth

The US Securities and Exchange Commission (SEC) has come under fire from Congressman Tom Emmer for its handling of the cryptocurrency industry. Speaking to journalist Laura Shin on the Unchained podcast, Emmer accused SEC Chairman Gary Gensler of creating an environment of regulatory uncertainty ...

Lawyer Accuses US Regulators of Obstructing Cryptocurrency Company Registration

Jeremy Hogan, a partner at the law firm Hogan & Hogan, has accused US regulators of intentionally impeding the registration of cryptocurrency companies in the United States. The lawyer, who represents XRP holders, took to Twitter to express his frustration with the lack of clear regulations f ...

Ripple (XRP) Consolidates, but Bullish Outlook Remains

Ripple (XRP) has been consolidating lately after bouncing off the $0.530 resistance area. However, the price may soon resume growth. In March, the Ripple project coin (XRP) was on the rise in a number of indicators, including the growth of popularity in social networks.. On March 29, the price up ...

Bloomberg Intelligence analysts confirm Bitcoin’s dominance as a global reserve asset

Bloomberg Intelligence analysts cited data on the growth of investor confidence in bitcoin: the first cryptocurrency successfully passed a liquidity stress test amid the US banking crisis. A study by Bloomberg Intelligence experts says that for the vast majority of crypto ...

Thailand’s Pheu Thai party promises to pay citizens in cryptocurrency if elected

The opposition party Pheu Thai has made a bold promise ahead of the upcoming parliamentary elections in Thailand. They have pledged to give each resident of the country 10,000 baht ($300) in cryptocurrency if they win the election. This promise has generated a lot of buzz and excitement among ...

Mixed Signals for Cardano (ADA) in April: Bullish Breakout or Bearish Correction?

Contradictory signals on different timeframes make it difficult to predict the Cardano (ADA) rate for this April. Perhaps the price has reached a local peak The results of the technical analysis of the daily timeframe show that the rate of the Cardano project coin (ADA) has been growing since the ...

Australian Entrepreneur Craig Wright Claims Apple Infringes on Bitcoin White Paper Copyright

Craig Wright, the Australian entrepreneur and programmer known in the crypto community as "the self-proclaimed Satoshi Nakamoto," has accused Apple of copyright infringement of the master document for the first cryptocurrency. On April 6, in response to a user's question, Wright stated that he be ...

Twitter’s Removal of Dogecoin Meme Symbol Causes 9.5% Drop in Value

The value of Dogecoin, the popular cryptocurrency that has taken the internet by storm, has experienced a significant drop of up to 9.5% following Twitter's removal of the Dogecoin meme symbol from its homepage. As of Friday, April 7, CoinGecko reports that Doge is trading at $0.082. The sudde ...

Bitcoin Mining Difficulty Reaches New Record at 47.89 Trillion Hashes

Bitcoin mining difficulty has recently reached a new milestone, with the figure surging by 2.23% to reach an all-time high of 47.89 trillion hashes. The previous record was set on March 24, 2023, when it reached 46.84 trillion hashes. The mining difficulty of the world's largest cryptocurrency ...

BeInCrypto’s Top Altcoins of the Week: SXP, INJ, DOGE, FXS, CSPR

The editors of BeInCrypto have compiled a top list of altcoins that showed the maximum increase in the week from March 31 to April 7 In addition to DOGE, the list of these altcoins includes: Solar (SXP) +46.46% Injective (INJ) +21.24% D ...

Peter Schiff Praises ChatGPT’s Investment Recommendation of Gold over Bitcoin

Peter Schiff, a well-known critic of cryptocurrencies, recently shared his thoughts on the investment recommendations provided by the ChatGPT neural network. According to Schiff, ChatGPT is "intelligent enough to prefer gold over bitcoin." Recently, the Gold IRA Guide published a report on the ...

ECB President Christine Lagarde’s Controversial Interview on Digital Euro

The mischievous pranksters decided to play a prank on Christine Lagarde, the President of the European Central Bank (ECB), by conducting an interview with her on behalf of the Ukrainian President Volodymyr Zelensky. During the interview, Lagarde made a controversial statement suggesting that the ...

Six Americans File Lawsuit Against US Government Sanctions on Tornado Cash Service

A group of six American citizens, supported by lawyers from Coinbase exchange, have initiated a legal action alleging that the American government's imposition of sanctions on Tornado Cash service breaches the US Constitution. The lawsuit argues that the very nature of the cryptocurrency mixing s ...

Study Finds Over a Third of Cryptocurrency Videos on TikTok Mislead Users

Based on a report from dappGambl, a Chinese social network TikTok has been found to have a significant amount of misleading information on investing in cryptocurrencies. The study conducted by dappGambl analyzed 1,161 of the most popular TikTok videos with hashtags about cryptocurrencies, which r ...

NYDFS Superintendent Rejects Claim that Signature Bank Closure was Due to Cryptocurrency Clients

The superintendent in charge of the New York State Department of Financial Services (NYDFS) has dismissed claims that Signature bank's closure was related to its dealings with cryptocurrency companies, deeming such allegations as absurd. Adrienne A. Harris clarified that the actual reason for the ...

North Carolina Officials Propose Temporary Ban on Cryptocurrency Mining

In a recent development, authorities from Buncombe County in North Carolina have proposed a temporary ban on cryptocurrency mining for a duration of one year. This proposal aims to categorize crypto mining as a distinct type of land use, differentiating it from other economic activities conducted ...

PDF of Original Bitcoin White Paper Found Hidden in macOS

In a stunning discovery, a PDF copy of the original White Paper of Bitcoin, authored by the mysterious Satoshi Nakamoto, has been found in the macOS operating system. The discovery was made by blogger Andy Baio, who stumbled upon the file while trying to scan a document with a wireless scanner. ...

Sentiment DeFi Protocol Recovers 90% of Stolen Funds After Hack

The Sentiment DeFi liquidity protocol team has recently made a public announcement regarding a significant hacking incident that took place on their platform. According to the team, the perpetrator of the cyberattack was able to successfully steal over $500,000 worth of digital assets. However ...

Woman defrauded of 17 million rubles while selling cryptocurrency

In the Krasnodar Territory, a cryptocurrency investor was recently scammed out of 17 million rubles. The woman was trying to sell her USDT tokens when she posted an ad on social media offering to sell them for 196,500 euros. Two buyers from Kazan agreed to the deal and handed over the money to ...

Binance Refuses to Purchase Tron Founder Justin Sun’s Stake in Huobi Exchange

As per a report by Coindesk, Binance, the largest cryptocurrency exchange, has declined to purchase the shares owned by Justin Sun, the founder of Tron, in the Huobi exchange. The decision to reject Sun's offer was reportedly due to Huobi's association with mainland China, although it is unclear ...

Cryptocurrency Exchanges See Record Trading Volumes in March 2023

Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded. This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in M ...

Dubai Regulator Tightens Crypto Licensing Requirements for Companies

Bloomberg reports that the Dubai Virtual Assets Regulatory Authority (VARA) has taken steps to tighten the requirements for crypto companies seeking to operate in the emirate. VARA has requested additional information from Binance, a crypto exchange that already holds a license to operate in Duba ...

Five mining companies with great potential for foreign investment

Earnings on the extraction of cryptocurrency - a thing quite popular. But if there is no money for a normal farm, then you can use an alternative option - invest in mining companies. They are now often interested in foreign investors. ...

Founder of Cryptocurrency Project Murdered in South Korea

According to a report from KBS broadcaster, law enforcement agencies in South Korea have arrested three suspects in connection with the murder of the creator of an unidentified cryptocurrency project. The victim, a 48-year-old woman, was taken from her home and killed in a suburb of Seoul. Police ...

MicroStrategy Buys More Bitcoins, Expands Crypto Holdings

MicroStrategy, a software development company, has made another significant investment in bitcoins, according to a recent tweet by the company's founder, Michael Saylor. In the tweet, Saylor announced that MicroStrategy had acquired 1,045 bitcoins for approximately $29.3 million, at an average pr ...

Bugatti and Asprey Release Limited Collection of NFTs on Bitcoin Blockchain

Bugatti, the renowned car manufacturer, has joined forces with luxury goods company Asprey to create an exclusive limited collection of non-fungible tokens (NFTs). This is a groundbreaking collaboration, marking the first time that two luxury brands have used cutting-edge technology to record dig ...

Sales of NFTs from Trump’s Collection Skyrocket After His Arrest

Following the apprehension of former United States President Donald Trump, the demand for NFTs from his collection surged by a staggering 450%. As charges were presented, the figure grew even more, reaching a 500% increase. As per the data from the cryptocurrency platform CryptoSlam, the Trump ...

Bitcoin (BTC) Long-Term Outlook Remains Bullish, Short-Term Trend Uncertain

Bitcoin (BTC) is showing solid bullishness on long-term timeframes, although short-term trend direction remains less certain The results of the technical analysis of the daily timeframe show that bitcoin is giving conflicting signals. On the one hand, BTC made a bullish breakout of the $24,800 ...

Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

Hackers Steal Over Half a Million Dollars from Sentiment’s DeFi Protocol

According to data on the Ethereum blockchain, Sentiment's DeFi liquidity protocol was compromised by attackers who managed to withdraw over $500,000 worth of cryptocurrency. The Sentiment team acknowledged the "potential issue" on Twitter and took steps to limit the risk of further loss by restri ...

US Senate Committee Approves Bill Limiting Benefits for Crypto Miners in Texas

A committee of the US Senate has recently passed a bill aimed at limiting benefits for cryptocurrency miners in Texas and expanding supervisory authorities' rights. Bill 1752 seeks to remove incentives that aim to attract miners to the region, which the initiators of the bill consider outdated, g ...

Top 5 Mistakes Newbies Make When Exchanging Cryptocurrencies and How to Avoid Them

Cryptocurrency Newbies Make Mistakes That Cost Them Expensively. We tell you what pitfalls you should beware of and how to exchange crypto assets safely. Whether you are buying or selling cryptocurrencies, there are many factors to consider, including current market condi ...

Man Attacked and Robbed While Trying to Exchange Rubles for Cryptocurrency

An attempted cryptocurrency exchange in St. Petersburg ended in disaster as the would-be trader was attacked and robbed of his money. The victim contacted the police on Tuesday evening, explaining that he had arranged the exchange through an online deal. Carrying a large sum of money - 700,000 ...

Paxful Ceases Operations due to Regulatory Environment and Employee Departures

Paxful, a prominent bitcoin exchange platform operating through peer-to-peer transactions, recently made a surprising announcement that it would be discontinuing its services. The decision was reportedly prompted by a combination of factors, including regulatory pressure and the departure of key ...

Cryptocurrency Regulations in Former USSR Countries: A Look into Georgia’s Crypto-Friendly Stance

The authorities in the countries in the place of the former USSR have a complex attitude towards the legislative regulation of cryptocurrencies. A complete ban may alternate with extreme openness to blockchain transactions. The authoritie ...

Brazilian Bank BTG Pactual Launches Dollar-Pegged Stablecoin

BTG Pactual, one of the biggest banks in Latin America, has made a landmark announcement of its first-ever dollar-pegged stablecoin. The stablecoin named BTG Dol will be launched through Mynt, the bank's own cryptocurrency platform. According to the bank, the digital asset is backed 1:1 with t ...

Aptos (APT) on the Verge of Massive Rally to New All-Time Highs

Aptos (APT) may be on the verge of a massive new rally that could send the price to new all-time highs The Aptos project is a first-level blockchain, which is, in fact, the successor to the now abandoned Diem project from Meta * (recognized as extremist by the Russian authorities and banned in th ...

Marathon Digital Sets Record for Bitcoin Production in Q1 2023

Marathon Digital, the second-largest Bitcoin storage company globally, has set a new record for cryptocurrency production. According to Marathon CEO Fred Thiel, the company increased its Bitcoin production by 41% quarter-on-quarter to a remarkable 2,195 BTC. The month of March was especially f ...

Binance CEO Denies Interpol Red Notice Rumors, Urges Community to Unite Against Misinformation

The CEO of Binance, the largest cryptocurrency exchange, has denied rumors of receiving a notification from international law enforcement agencies and has urged the community not to panic. The rumors began when a Twitter user under the pseudonym Cobie posted a message encoded with SHA-256 cryptog ...

Dragonfly invests $10M in Bitget to expand crypto derivatives and copy trading exchange

Dragonfly, a well-known global venture capital firm, has recently invested $10 million in Bitget, an international crypto derivatives and copy trading exchange. The investment aims to help Bitget expand its range of services and its global market, as well as promote its upcoming CSR initiatives w ...

Uniswap Hack: Cybercriminals Steal $25.2 Million in Cryptocurrencies

A group of cyber criminals took advantage of a security flaw in the Uniswap decentralized exchange platform, managing to swipe a staggering $25.2 million worth of digital currencies. The attack was allegedly focused on the liquidity pool (LP) of the protocol. A smart contract developer going by t ...

Economist Peter Schiff warns of significant decline in Bitcoin

Renowned economist and well-known critic of cryptocurrency, Peter Schiff, has issued a stern warning about the future of Bitcoin, stating that it is teetering on the brink of a significant downturn. Schiff took to Twitter to express his views, predicting a crash in risk assets, with Bitcoin leadi ...

Musk Changes Twitter Logo to Dogecoin, DOGE Rate Rises Sharply

Elon Musk, the owner of Twitter, has caused a stir by changing the social media platform's logo to that of the Dogecoin cryptocurrency. As a result, the value of DOGE has soared to $0.10, thanks in no small part to Musk's well-known fondness for the meme-inspired currency, which he has previously ...

Institutional Investors Show Strong Interest in Cryptocurrency ETFs

BBH recently conducted a sentiment survey among institutional investors, revealing a significant interest in cryptocurrencies, despite a temporary slowdown in purchases. BBH analysts surveyed a diverse group of 325 institutional investors, financial advisors, and fund managers from the US, UK, Eu ...

Shiba Inu Network Sees Record Number of Unique Addresses in March 2023

At the end of March 2023, the Shiba Inu network saw a record number of unique address activity for the entire last year.. What is the reason for the growing popularity of the meme coin among users and how promising is it really? ...

Problems with regulation may lead American crypto firms to relocate outside US, says Raoul Pal

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

Technical Analysis of Dogecoin: Potential Bullish Breakout from Descending Channel

Dogecoin is trading near the resistance line of the descending parallel channel. A bullish break out of it could trigger a rapid rise in DOGE Earlier this week, the popular meme coin Dogecoin (DOGE) was in the spotlight amid news that Tesla and SpaceX founder Elon Musk asked a US court to dismiss ...

Binance’s Spot Market Share Decreases Significantly, Facing Multiple Lawsuits

Kaiko, the digital asset data provider, recently reported that Binance's spot market share has significantly decreased over the past week. Despite starting the year off strong and becoming the market leader with over 70% share by the end of 2022, Binance was unable to maintain its position for lo ...

UK Banks’ Refusal to Serve Crypto Companies Violates Customer Rights, Says Circle Development Head

The leader of development for Circle in the European market has denounced the British banking industry's rejection of cryptocurrency companies, arguing that it infringes on the rights of regular customers. Speaking at the Citi Symposium on Digital Assets, Teana Baker-Taylor claimed that the UK ba ...

South Korean Authorities Seize Property Worth $153.6 Million from Former Terraform Labs Employees

According to reports from KBS News, South Korean law enforcement agencies have confiscated assets worth approximately 200 billion won ($153.6 million) from former employees of Terraform Labs. The Financial Crime Investigation Team of the Seoul Southern District Prosecutor's Office has seized the ...

Elon Musk’s Lawyers Seek Dismissal of $258 Billion DOGE Lawsuit

Lawyers representing Elon Musk, the CEO of both Tesla and SpaceX, are seeking the dismissal of a $258 billion lawsuit filed against him in 2022 by a Dogecoin investor. Keith Johnson, the investor, accused Musk of engaging in a fraudulent scheme involving Dogecoin and falsely representing the cryp ...

LunarCrush Plans to Send 62 BTC to the Moon with SpaceX Rocket

LunarCrush, a cryptocurrency firm, has revealed plans to send 62 BTC, codenamed Nakamoto 1, to the moon via a rocket that will contain a private key to a crypto wallet. The bitcoin stash will be available to the first person who lands on the moon, and the key will be engraved on the Lunar Outpost ...

Shiba Inu Prediction for April 2023: Experts Weigh In

BeInCrypto Editors Ask Experienced Experts For Shiba Inu Prediction For April 2023. We tell you what SHIB rate investors should expect Shiba Inu forecast for April The opinions of our interlocutors about what April will be like for the SHIB cryptocurrency have diverged. W ...

Venture Investor Tim Draper Maintains Bold Prediction for Bitcoin’s Value

Famous venture capitalist Tim Draper has restated his confident forecast that the initial cryptocurrency, Bitcoin, will ultimately reach a staggering $250,000 in value. Draper originally anticipated this milestone to occur before June of this year, but he now acknowledges that it may take a littl ...

Chinese Officials Call for Tighter Regulation of Cryptocurrency Industry

Chinese officials have emphasized the need for international regulators to tighten oversight of the cryptocurrency industry to protect users from fraud and financial loss. Xuan Changneng, the deputy governor of the People's Bank of China (PBOC), acknowledged the importance of not "blocking the ro ...

Binance Faces Another $1 Billion Lawsuit Over Unregistered Crypto Securities Trading

The US Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against Binance, a popular cryptocurrency exchange, and its founder, Changpeng Zhao. In a new development, another lawsuit has emerged, this time in the amount of $1 billion. Filed by law firms Moscowitz and Boies Schi ...

Bitcoin Mining Revenue Surges to $755M in March 2023

Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...

Cryptocurrency Trends for 2023: Bitcoin and Ethereum Among Top 10

Bitcoin is ready to break records again, and optimism has prevailed in the market in recent weeks. Will the growth continue and what awaits the prices of the main cryptocurrencies in 2023? The beginning of 2023 pleased cryptocurrency traders. After a serious crypto winter ...

London Banks Reject Crypto Fintech Firm’s Corporate Account Request

London's major banks are refusing to open corporate accounts for cryptocurrency fintech firm SavingsBlocks, according to Bloomberg sources. This is not an isolated incident, as other crypto companies have faced similar issues when seeking banking services in the UK. SavingsBlocks, which has ap ...

Cryptanalyst Benjamin Cowen shares insights on the best time to buy Ethereum

The cryptanalyst, Benjamin Cowen, recently provided insights on the optimal time to invest in Ethereum, highlighting key indicators to consider before making a purchase. During an interview with the YouTube channel Altcoin Daily, Cowen referred to the ETH/BTC chart when asked about the ideal peri ...

India’s High Tax Rates on Crypto Transactions Makes Trading Unprofitable

India's cryptocurrency trading scene has taken a hit due to the high tax rates, making it difficult for traders to turn a profit. The presence of crypto exchanges and trading operations seems to be of little use, as India's tax authorities have collected a significant sum of $19 million from cryp ...

Barclays Representative Discusses the Delayed Regulation of the Crypto Industry

A spokesperson from Barclays, a prominent financial conglomerate, has stated that politicians have neglected to address the regulation of the cryptocurrency industry for a prolonged period of time, believing that the industry would ultimately cease to exist. However, this prediction has not come ...

Finector P2P Marketplace Launches with Over 100 Payment Methods

The launch of the international P2P marketplace Finector will take place on April 1. The service supports more than 100 payment methods and protection of each transaction. According to Chainalysis, at the end of last year, Russia was in the top 10 countries in terms of P2 ...

Cryptocurrency Market Update: Bitcoin and Ethereum Show Modest Gains, Avalanche Lags Behind

After a turbulent start to the month, accompanied by bank collapses, the market has calmed down. The growth in the value of cryptocurrencies continued, but at a slower pace than at the beginning of March 2023. Bitcoin The price of bitcoin has ch ...

Shiba Inu (SHIB) Breakout Analysis: Will the Price Rise or Fall?

Despite Bullish Breakout, Shiba Inu (SHIB) Fails to Gain. Further trend may depend on two important levels The popular meme coin SHIB, created by the Shiba Inu project, is an ERC-20 token and one of the main rivals of Dogecoin. The results of the technical analysis of the weekly chart show tha ...

Blocknox Receives License to Offer Cryptocurrency Services in Germany

Blocknox, a subsidiary of the Stuttgart Stock Exchange, has been granted a license by the German Federal Financial Supervisory Authority (BaFin) to offer a range of services related to cryptocurrencies. This license now allows Boerse Stuttgart Digital to provide storage, trading, and management s ...

US SEC Obtains Guilty Judgment Against Ormenus Coin Project Organizers for Investor Fraud

The US Securities and Exchange Commission has recently secured a conviction against the organizers of the Ormenus Coin cryptocurrency project, and is now seeking payment of a fine for duping investors. According to the regulator, siblings John Barksdale and Jonatina Barksdale developed and operat ...

Belarus Extends Tax Breaks for Cryptocurrency Companies Until 2025

The tax breaks for cryptocurrency companies in Belarus have been extended until January 1, 2025, as per a decree signed by President Alexander Lukashenko. The new decree not only prolongs the effect of tax benefits, but also outlines a plan for the development of the digital tokens sector in the ...

Asset Management Firm Founder Believes Era of Getting Rich with BTC is Over

The CEO of Aike Capital, a prominent asset management firm, has shared his belief that the era of profiting from Bitcoin investment is over. Alex Krüger recently tweeted that investors who hope to get rich from BTC investments are out of luck, as that "ship has sailed." Krüger went on to expla ...

Top Altcoins of the Week: Ripple Leads with a 23.68% Increase

The editors of BeInCrypto compiled a top list of altcoins that showed the maximum increase for the week from March 24 to March 31 In addition to Ripple, the list of these altcoins includes: Ripple (XRP) +23.68% Stellar (XLM) +20.35% Con ...

Founder of FTX Cryptocurrency Exchange Pleads Not Guilty to Bribery and Campaign Finance Charges

The founder of FTX, a bankrupt cryptocurrency exchange, has pleaded not guilty to 13 charges, including conspiring to violate campaign finance laws and bribing Chinese authorities. Sam Bankman-Fried, who previously denied eight fraud charges, will face trial in New York in October. In addition ...

UNICEF Testing a DAO Prototype Based on Polygon Blockchain for Funding Initiatives

UNICEF is currently working on developing a decentralized autonomous organization (DAO) prototype based on the Polygon blockchain to help fund initiatives. The purpose of this project is to facilitate communication between stakeholders proposing different initiatives related to Digital Public Goo ...

Danish Supreme Court Rules Bitcoin Transactions Subject to Tax Laws

The Supreme Court of Denmark has recently declared that any activity associated with the investment and trading of bitcoin is regarded as speculative and is subject to the country's tax regulations. The court emphasized that the usage of BTC by citizens received as a result of mining, through gif ...

New York University Professor Believes Ethereum Could Be Classified as a Security by SEC

According to a New York University professor, the crypto industry could be on the brink of significant changes due to the potential recognition of the second largest cryptocurrency by market capitalization as a security by the US Securities and Exchange Commission (SEC). Nouriel Roubini shares SE ...

Top 5 Altcoins to Watch in April: Ethereum, PancakeSwap, iExec RLC, EOS, and IoTeX

The editors of BeInCrypto have compiled a list of the five most promising altcoins in April. Upcoming events in their ecosystems can support the positive dynamics of these coins The list of the most promising altcoins in April includes Ethereum (ETH), PancakeSwap (CAKE) and iExec RLC (RLC), which ...

Bitcoin Wallet Owners’ Privacy at Risk: LinkingLion Collecting Personal Data

As per the application developer of the Bitcoin network who goes by the name 0xB10C, the security of personal information of Bitcoin wallet owners is under threat. A group or an individual named LinkingLion has been gathering data on Bitcoin owners since March 2018 and has used over 800 different ...

Elizabeth Warren Vows to Create an “Anti-Crypto Army” to Combat Irresponsible Crypto Companies

The senator has revealed her plans for the upcoming election campaign, which will focus on addressing the issues surrounding cryptocurrency companies and forming a strong coalition of opponents against crypto assets. Elizabeth Warren has shared her campaign thesis, expressing her long-standing op ...

SEC Chairman Says No Need for Additional Cryptocurrency Legislation

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently addressed concerns about the need for additional legislation regarding cryptocurrencies. According to Gensler, the existing securities laws already cover much of the activity that occurs in cryptocurrency markets. He ...

Kraken Partners with Williams Racing in First Major Cryptocurrency F1 Deal of the Year

Kraken, an American cryptocurrency exchange, has made headlines by announcing its partnership with the Williams Racing team, becoming the first major cryptocurrency company to enter into an F1 deal this year. The announcement comes ahead of the Australian Grand Prix scheduled to take place in ear ...

Central Bank of Sri Lanka warns against cryptocurrency investments

The Central Bank of Sri Lanka (CBSL) has recently issued a warning to the public about the risks associated with investing in cryptocurrencies. The bank urged individuals to refrain from trading cryptocurrencies and participating in ICOs, citing a large number of complaints from users who have su ...

Beaxy Crypto Platform Charged by SEC for Illegal Activities

The Securities and Exchange Commission (SEC) in the United States has filed charges against the cryptocurrency platform Beaxy for engaging in brokerage and clearing activities without proper registration. Additionally, Beaxy is accused of conducting an illegal securities offering, which raised $8 ...

Do Kwon, Founder of Terraform Labs, Faces Extradition Demands from US and South Korea

During a recent press conference in Podgorica, Montenegro, Justice Minister Marko Kovac announced that Do Kwon, the former CEO and founder of Terraform Labs, along with his business partner Hon Chang-joon, were arrested on March 23 while attempting to flee to Dubai with false documents. According ...

Understanding Blockchain ETFs: A Diversified Investment Opportunity

If an investor is not ready for high volatility in the cryptocurrency market, then he can pay attention to a financial instrument that is directly related to the crypto industry: blockchain ETF. What is a blockchain ETF The ETF itself is a fund ...

Financial Times Reveals Binance Hid Close Relationship with China

According to journalists from the Financial Times, Binance, the world's largest crypto exchange, allegedly concealed its close relationship with China for several years. The report suggests that Binance's top executives instructed employees to hide their connections and presence in China, contrad ...

MetaMask Warns Users of False Rumors Surrounding Token Airdrop

MetaMask, the popular wallet provider, has issued a warning to its users regarding false rumors of an upcoming token airdrop on March 31st. The MetaMask team has clarified that they have no plans for any public promotions on this date, and they are urging their customers to be cautious when visit ...

Coinbase Urges US Government to Clarify Cryptocurrency Regulations to Retain Web3 Innovators

Coinbase, a leading cryptocurrency exchange, has urged the US government to establish clear regulations for the cryptocurrency industry to retain highly skilled Web3 developers in the country. According to a report by Electric Capital, the US share in the development of Web3 has declined from 40% ...

FDIC Sets Deadline for Cryptocurrency Clients of Bankrupt Signature Bank to Withdraw Funds

The FDIC, the U.S. Federal Deposit Insurance Corporation, has recently announced that customers of Signature Bank who hold cryptocurrency accounts have until April 5th to close their accounts and withdraw their funds. As of March 20th, Flagstar Bank has taken over the operation of 40 former Signa ...

Ethereum (ETH) Price Analysis: Will it Reach $2550?

Ethereum (ETH) has successfully broken through a crucial resistance area and turned it into a support level, signaling a potential for renewed highs this year. Co-founded by the renowned crypto expert, Vitalik Buterin, ETH is the native token of the Ethereum blockchain. The migration of the pr ...

Morgan Creek Capital CEO Mark Yusko Talks about Cryptocurrency Adoption

During a recent Tech Path Crypto podcast, Mark Yusko, the CEO of investment firm Morgan Creek Capital, discussed his thoughts on the global adoption of cryptocurrency. One of his concerns was that the vast majority of bitcoins, around 80%, are held outside of the United States, with Americans onl ...

Decentralized Crypto Exchange Safemoon Hacked for $9 Million

BNB Chain-based decentralized cryptocurrency exchange Safemoon was hacked, resulting in the withdrawal of about $9 million from its liquidity pool. , adding that he is taking immediate action to resolve the problem. According to the BscScan service, almost $9 million worth of crypto assets were w ...

Bitcoin’s Long-Term Outlook is Bullish Despite Uncertainty in Short-Term Trends

Long-term timeframes for Bitcoin (BTC) are showing a number of bullish signals, but the direction of the shorter-term trend is still unclear Recent data from the US Federal Reserve showed that between March 8 and 15, the rate of bank deposits in the US fell significantly amid concerns about the t ...

Galaxy Digital CEO Michael Novogratz on the Neglect of AI in Regulation

During a discussion of Galaxy Digital's Q4 results from last year, CEO Michael Novogratz expressed surprise at regulators' focus on cryptocurrency while neglecting the field of artificial intelligence (AI). He criticized the "totally inadequate" regulation of cryptocurrencies by US authorities, p ...

Economics Professor Criticizes Bitcoin’s Value, but Enthusiasts Disagree

Johns Hopkins University's applied economics professor, Steve Hanke, has recently reiterated his criticism of Bitcoin, asserting that the digital currency has no inherent value. Hanke, who advocates for dollarization initiatives in Latin America, stated that Bitcoin is an exceedingly speculative ...

El Salvador: A Land of Opportunity for Crypto Enthusiasts

El Salvador's president, Nayib Bukele, has been making waves in the global community by recognizing bitcoin as a legitimate means of payment and touting his country as a safe haven for foreigners. In a tweet that harkens back to vintage American-style posters, Bukele invites people to move to his ...

Shiba Inu Price Analysis: Will SHIB Breakout from Resistance?

Despite breaking through the resistance line, Shiba Inu (SHIB) failed to maintain this breakout and establish growth. Technical analysis of the weekly chart revealed that SHIB broke through the descending resistance line in January and reached a yearly high of $0.0000157 by the end of the month. ...

MATIC Technical Analysis: The Fate of Polygon’s Long-term Trend Hangs in the Balance

Polygon (MATIC) is currently trading at a critical level, which may determine its long-term trend. As the native token of the popular Polygon network, MATIC helps to reduce transaction costs and speed up transactions using sidechains. These sidechains operate independently but are connected to th ...

Ripple (XRP) Price Analysis: Will the Whales’ Selling Trigger a Correction?

XRP, also known as Ripple, has surpassed the $0.45 mark for the first time since November 2022. Despite the bullish sentiment, on-chain analysis indicates that the market's whales are poised to unload their holdings. It remains to be seen how much XRP will decline in the following weeks. As the p ...

Binance Clients Withdraw $1 Billion in Cryptocurrency Following CFTC Indictment

Following the announcement of the US Commodity Futures Trading Commission (CFTC) indictment against Binance, the largest cryptocurrency exchange, users began withdrawing funds from their accounts, with a total of over $1 billion in cryptocurrency being withdrawn. The CFTC alleged that Binance was ...

Economist Peter Schiff Criticizes Bitcoin, Predicting Its Value Will Fall to Zero

Renowned economist and noted Bitcoin skeptic, Peter Schiff, has once again voiced his criticism of the world's first cryptocurrency, predicting that its value will eventually plummet to zero. In a recent tweet, Schiff stated that "Bitcoin will still tend to zero. It's just going to be a long way ...

UK Government Abandons Plans for Royal Mint NFT Tokens

After facing criticism, the UK government decided to scrap the plans of the Royal Mint to issue non-fungible tokens. Economy Minister Andrew Griffith informed the British Parliament that the Royal Mint had decided to temporarily abandon the project, stating that there was not enough evidence to j ...

EU Proposes Amendments to Anti-Money Laundering Legislation for Cryptocurrencies

The European Parliament is currently discussing proposed amendments to the EU's anti-money laundering legislation. These amendments, if passed, would impose limitations on the lump sum of anonymous transactions. However, according to Damien Carême, MEP and one of the initiators of the bill, these ...

Report Reveals US Federal Government Holds Over 200,000 BTC Worth $5.66 Billion

Based on a recent report by 21Shares, it has been revealed that the US federal government currently possesses a whopping 205,515 BTC, which is equivalent to a staggering $5.66 billion. Analysts at 21Shares have indicated that this massive amount of 205,515 bitcoins was obtained by the presidentia ...

Binance Responds to CFTC Lawsuit, Denies Violating Federal Laws

On March 27, the Commodity Futures Trading Commission (CFTC) made allegations against Binance, a popular cryptocurrency exchange, for not being registered in the United States and for violating federal laws that regulate commodity markets. Binance CEO, Changpeng Zhao, has swiftly responded to the ...

Number of irretrievably lost bitcoins reaches 6 million coins

As per an analyst from Cane Island Alternative Advisors, it has been estimated that the number of bitcoins which are irretrievably lost has now reached up to 6 million coins. Timothy Peterson, the analyst, has pointed out that out of the 19.3 million bitcoins mined by March 25, 2023, only 13.3 mi ...

Bitcoin Mining Difficulty Reaches New Record High

Following yet another adjustment of the mining difficulty on the Bitcoin network, a remarkable new benchmark has been achieved, with a difficulty rating of 46.84 T. This marks the third consecutive surge in difficulty, with significant implications for all those involved in the mining process. In ...

CEO of Van Eck Associates Predicts Lateral Movement in 2023 with Possible Bull Cycles for Bitcoin and Gold

During an episode of Closing Bell: Overtime on CNBC, the CEO of Van Eck Associates expressed his belief that the current uncertainty in the banking system is temporary and that both bitcoin and gold could be at the beginning of a new bull cycle that could last for several years. However, Jan Van ...

Crypto Analyst Predicts Bullish Cycle for Bitcoin

The individual who predicted the bottom of BTC in 2022, known as DonAlt, is optimistic about the beginning of a new bull cycle for the first cryptocurrency. DonAlt shared his views on social media, claiming that many traders are excessively doubtful about bitcoin's potential, even after the digit ...

Burger King in Paris Installs Crypto Payment Machines

Burger King, the fast food restaurant chain, has taken a bold step towards cryptocurrency adoption by installing Instpower external battery rental machines at its Paris locations. The machines allow customers to make payments using cryptocurrency, and are linked to the Alchemy Pay and Binance Pay ...

Hackers Return Most of Stolen Assets from Euler Finance’s $197 Million Hack

The group responsible for the hack of DeFi lending platform Euler Finance and the theft of $197 million has reportedly recovered most of the stolen assets. As of March 25, the hackers had returned 51,000 ETH, which is equivalent to about $88 million, and another transfer was made on the same day ...

American Venture Capitalist Urges Diversification into Crypto Amid Bank Collapse Fears

As the government continues to print money and raise interest rates, American venture capitalist Tim Draper is urging entrepreneurs to diversify their assets in preparation for the possible collapse of new banks. In response to the recent collapse of Silicon Valley Bank (SVB), Draper is recommend ...

US Lawmakers Introduce Bipartisan Bill to Regulate Blockchain

US lawmakers have introduced a bipartisan bill to regulate the blockchain, according to which the activities of developers should not be regulated on a par with custodial services. The proposal was put forward by US Congressmen Republican Tom Emmer and Democrat Darren Soto. The bill implies that ...

Nasdaq to Launch Cryptocurrency Storage Services in 2023

Nasdaq's announcement to launch cryptocurrency storage services is a significant move in the crypto industry. By offering digital asset custody services, Nasdaq is expanding its services beyond traditional stock trading, and tapping into the growing demand for secure storage solutions for digital ...

FTX’s Customer Problems Could Extend Crypto Winter Until End of 2023, According to Coinbase Analysts

According to the Coinbase team, FTX's recent customer problems are just the beginning of a much larger issue in the world of cryptocurrency. They suggest that "second order effects" will extend the crypto winter until the end of 2023. This is due to the fact that a significant amount of funds fro ...

Why the US Banking Crisis is Driving Investors towards Bitcoin

Nigel Green, the CEO of deVere Group, has observed a shift in investor behavior due to the softened policy of the US Federal Reserve. According to him, investors are turning towards cryptocurrencies, especially bitcoin, to safeguard their savings. In a recent blog post, Green mentioned that the U ...

Cryptocurrency Market Update: Fed Decision Impacts Bitcoin and Altcoins

Over the past week, the crypto community was captivated by the speech of the US Federal Reserve System's leadership. The decision made by the financial regulator has left an impact on the crypto industry, and its ramifications are worth examining in detail. Bi ...

Binance Employees and Volunteers Help Chinese Users Bypass KYC Procedures

According to reports by CNBC, some employees and volunteers at Binance, the largest crypto exchange, are providing advice to users from China on how to bypass the “know your customer” (KYC) procedure and remain anonymous. These individuals, known as "angels," shared methods such as forging bank d ...

Cryptocurrency Exchanges Eye Opportunities as Banks Collapse

JPMorgan Report: Cryptocurrency Exchanges Could Benefit from Banking Crisis JPMorgan's latest report suggests that the recent collapse of three banks - Silvergate, Signature, and Silicon Valley - could present an opportunity for some cryptocurrency exchanges. The report highlights that since t ...

Tether’s CTO Believes Bitcoin Could Beat Its Previous Record Amid Banking Crisis and Economic Uncertainty

According to Tether's CTO, amidst the current banking crisis and global economic uncertainty, Bitcoin's exchange rate may exceed its previous record of $68,000. Speaking at a conference in Paris, Paolo Ardoino noted that many traditional investors are now afraid of large banks collapsing. He a ...

CEO of Terraform Labs Arrested in Montenegro for Multi-Billion Dollar Fraud

Montenegro's law enforcement authorities made headlines when they apprehended the CEO and co-founder of Terraform Labs at the airport in the capital city. Filip Adzic, the foreign minister of the Balkan country, revealed that Do Kwon had turned into one of the most sought-after criminals on the r ...

Telegram Messenger Users Can Now Send and Receive Stablecoins USDT, BTC, and TON

Telegram messenger users can now exchange, buy, sell, and transfer Tether (USDT) stablecoins for free directly within their chats. To top up their USDT balance, they only need to click "Get" in the bot's interface's main menu. Adding the bot to the attachment menu enables users to send USDT by cl ...

First Republic Bank faces liquidity crisis amid cryptocurrency services

First Republic Bank, like many other financial institutions in the US, has recently encountered a liquidity crisis and has sought help from both the banking community and the US Federal Reserve. In an effort to stay ahead of the curve and cater to the needs of its clients, the bank has collaborat ...

Understanding the Prospects and Challenges of Tron, Solana, and ETH2 in the Crypto Market

Upon analyzing the latest trends concerning Tron, Solana, and ETH2, it becomes clear that many of the predictions have already been successfully implemented. However, certain aspects can only be noticed through numerical designations. To provide a better understanding, it would be helpful to pres ...

Bitcoin Mining Complexity Hits New Record Amidst Rising Hashrate

A new milestone has been reached in the world of Bitcoin mining, with a fresh recalculation revealing a record-breaking figure. The complexity of mining has spiked by 7.56%, reaching an impressive 46.84 trillion hashes. This exceeds the previous record, which was set on March 14 and stood at 43.5 ...

Algorand (ALGO) Technical Analysis: Resistance Levels Will Determine Future Trend

Algorand (ALGO) is currently hovering around a crucial resistance zone that will dictate the long-term trend. This native token of the Algorand blockchain recently made headlines as Coinbase abruptly halted its staking service without prior warning due to claims by the US exchange regulator (SEC) ...

Founder of Terra, Do Kwon, charged with multiple criminal counts including fraud and market manipulation

Following the recent arrest of Do Kwon, the founder of Terra, in Montenegro, U.S. prosecutors have filed criminal charges against him on allegations of fraud, securities fraud, wire fraud, commodity fraud, and conspiracy to manipulate the market. The charges come as American law enforcement seeks ...

Coinbase CEO Urges Crypto Users to Vote for Supporters Amid SEC Threats

Coinbase CEO, Brian Armstrong, is encouraging users of the popular cryptocurrency exchange to vote for political candidates who support the crypto industry. This comes as the US Securities and Exchange Commission (SEC) has sent a notice to Coinbase that it may sue them for selling unregistered se ...

Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement

According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...

Tim Draper Speaks on Decentralization of Everything and Sings a Song About Bitcoin at Paris Blockchain Week 2023

At the Paris Blockchain Week '2023 (PWD), a prominent venture investor delivered a speech titled "Decentralization of Everything" and concluded it with a unique touch - a self-composed song about bitcoins. During his address, Tim Draper highlighted the distrust of centralized governments towards ...

Xapo Partners with Circle to Introduce USDC Stablecoin Support and Payment Infrastructure

Xapo, a leading cryptocurrency custodial service and licensed bank, has joined forces with Circle to offer support for the USDC stablecoin and facilitate payments using it. This partnership is expected to result in the creation of a payment infrastructure similar to the SWIFT interbank transfer s ...

Kaspersky Lab Survey Reveals Over One-Third of American Crypto Owners Scammed

According to a recent survey by Kaspersky Lab, more than one-third of Americans who own cryptocurrencies have fallen victim to scams. The survey, which was conducted between October 20 and 24, 2022, among 2,000 Americans, revealed that many cryptocurrency users fail to take adequate security meas ...

Avalanche Networks Experience Problems with DeFi Applications and Transaction Delays

The Avalanche project has encountered dual issues as both Network C and Network X are facing problems simultaneously. Network C, which supports DeFi applications, experienced an hour-long outage, while Network X, dedicated to transferring funds, is encountering transaction delays. The uniquene ...

SEC Files Lawsuit Against Tron Founder Justin Sun and His Companies for Unregistered Sale of Cryptocurrency Securities

The SEC has filed a lawsuit against Justin Sun, founder of the Tron project, and his companies for the alleged unregistered sale of securities in the form of cryptocurrencies. The SEC claims that TRX coins and BTT tokens are securities and that Sun engaged in market manipulation to stimulate publ ...

US Lawmaker Proposes Bill to Protect Bitcoin Owners and Miners in Texas

US House of Representatives member, Cody Harris, has presented a bill that is specifically designed to safeguard the rights of Bitcoin miners and owners in the state of Texas. The bill proposes that the rights of cryptocurrency holders should be protected under the Section 9 of Article I of the T ...

Visa Reports Record Hacker Attacks on Cryptocurrency Projects in 2022

According to data from Visa, one of the world's largest payment systems, the year 2022 witnessed an unprecedented surge in hacker attacks on cryptocurrency projects. The hackers seemed to target inter-network bridges the most, as they proved to be the most vulnerable and lucrative. In a recent ...

Lazarus Group Attacks Euler Finance’s Crypto Hackers in North Korea-Linked Cybersecurity Incident

The Lazarus Group, a notorious hacking group believed to be associated with North Korea, has targeted the hackers who recently stole almost $200 million worth of cryptocurrency from Euler Finance, a DeFi lending platform built on the Ethereum blockchain. According to Coindesk's sources, Lazarus h ...

USDC Stablecoin Redemption Amounts to $6 Billion, Circle Reports

According to data from the analytical platform CryptoCompare, users are actively redeeming USD Coin (USDC) to Circle, with a total of $6 billion worth of stablecoins exchanged for fiat. Although Circle, the issuer of USDC, claims to fulfill all withdrawal requests promptly, representatives from t ...

Euler Finance in Negotiations with Hackers Over $197 Million Stolen Funds

Euler Finance, a DeFi lending platform that operates on the Ethereum blockchain, could be inching closer to retrieving the funds that were stolen during a hack, as negotiations with the hackers have reportedly commenced. Back in March, Euler Finance fell victim to a hack in which hackers were abl ...

Bitget Expands Cooperation with BitKeep to Integrate DeFi and CeFi Solutions

Bitget, a Seychelles-based exchange that specializes in cryptocurrency derivatives, has recently announced an expansion of its partnership with the BitKeep decentralized multi-chain wallet development team. By combining their strengths in both DeFi and CeFi solutions, the two partners aim to enha ...

Ripple’s XRP Surges to Highest Value Since 2022 Amid SEC Lawsuit Settlement Prospects

The price of Ripple's XRP has surged to $0.49 per digital coin, marking its highest value since November 2022. This sudden growth is attributed to the increased likelihood of Ripple settling the SEC lawsuit against it. Interestingly, this chance came about in a third-party case involving the bank ...

Coinbase tests ChatGPT for Smart Contract Risk Assessment

Coinbase recently tested the effectiveness of ChatGPT in evaluating the risk levels of various tokens. To conduct the experiment, Coinbase's employees analyzed 20 smart contracts of different tokens for potential risks and then compared their findings to ChatGPT's results. In 12 of the 20 cases, ...

Cardano Founder Criticizes Credit Suisse for Refusing Cryptocurrency Account

Cardano's founder, Charles Hoskinson, has publicly criticized the Swiss bank Credit Suisse for its current financial crisis and recalled his own experience with the bank's refusal to open an account due to the volatility of cryptocurrencies. Hoskinson, who was a leader of Ethereum in 2014, explai ...

Over $1 Billion Worth of Ethereum Lost Due to Smart Contract Bugs and Human Error

The Director of Product Strategy and Business Operations at Coinbase recently highlighted the prevalence of errors in the Ethereum ecosystem that have led to the loss of over $1 billion worth of Ether. Conor Grogan conducted an in-depth analysis of thousands of different errors, rangi ...

Novokuznetsk Resident Falls Victim to Cryptocurrency Scam and Loses 6.7 Million Rubles

In the Kemerovo Region of Russia, a woman residing in Novokuznetsk has fallen prey to a fraudulent scheme involving cryptocurrency. Despite being an economist herself, the 54-year-old victim took out loans and mortgaged her apartment to invest 6.7 million rubles in what she thought was a reliable ...

Circle Applies for Licenses to Expand Stablecoin Offerings in France

Circle, the issuer of stablecoins, has taken a significant step towards expanding its business in Europe. The Boston-based company has applied for two licenses from French regulators, which, if approved, would allow Circle to offer its products to customers in France. Specifically, Circle has ...

Mastercard Partners with Stables to Enable Direct Stablecoin Payments

Mastercard has unveiled a new partnership with Stables, an Australian stablecoin platform, that will enable users to pay directly with stablecoins through a new Mastercard. The card will be linked to the Stables wallet, which exclusively supports stablecoins, and can be used at any retail locatio ...

Bitcoin Rally Stalls as Miners and Exchanges Urge Caution

Bitcoin recently surged to test the $28,000 level once again, marking a nine-month high. Despite the bullish momentum, there are warning signs that suggest caution is needed, as the influx of BTC into exchanges and rising mining costs could impede further price gains. Miners can slow down ...

Recognition of Ethereum as a Security: Potential Impact on the Cryptocurrency Industry

The potential recognition of Ethereum as a security could have a significant impact on the cryptocurrency industry. While regulators have generally recognized ETH as a commodity, the recent lawsuit filed by the New York Attorney General's Office against Seychelles-based exchange KuCoin has raised ...

Goldman Sachs analysts call Bitcoin the best asset of the year with 51% growth

According to investment bank Goldman Sachs, bitcoin has been the standout asset of the year so far, with its value increasing significantly in just under three months. Compared to other major assets, bitcoin has experienced the highest growth rate, having risen by an impressive 51% since the begi ...

BlockSec Prevents $5 Million NFT Theft from ParaSpace’s Lending Protocol

BlockSec security experts successfully thwarted an attempted theft of 2,900 ether worth $5 million from Paraspace's decentralized lending protocol, which allows users to lend and borrow crypto assets on the Ethereum blockchain. The vulnerability in the platform's lending protocol allowed hackers ...

Sophisticated Cryptocurrency Theft Scheme using Trojans in Telegram and WhatsApp

ESET's team of researchers have uncovered a complex scheme designed to steal cryptocurrencies via Trojans embedded in messaging apps like Telegram and WhatsApp. These malicious Trojans are able to replace cryptocurrency wallet addresses in chat messages with the attacker's own address, effectivel ...

Hong Kong’s Crypto-Friendly Policies Attracting Cryptocurrency Firms

According to Christian Hui, the Minister of Financial Services in Hong Kong, the city's crypto-friendly policies are drawing the attention of numerous crypto companies, with over 80 expressing interest in establishing offices. This surge in interest is attributed to the official announcement of s ...

Dutch Financial Regulator Considers EU Crypto Regulations too Soft

According to the Chairman of the Dutch Financial Markets Authority (AFM), Laura van Geest, the European Union Crypto Asset Regulation (MiCA) bill is too lenient for the cryptocurrency industry. Despite the regulations in place for digital assets, the Dutch regulator intends to maintain a strict s ...

BlackRock CEO Larry Fink Sees Cryptocurrencies Boosting Financial Inclusion

BlackRock CEO Larry Fink has expressed his view that cryptocurrencies could play a significant role in increasing financial inclusion worldwide. In a recent letter to investors, Fink reiterated BlackRock's commitment to supporting the emerging cryptocurrency industry and revealed that the company ...

Bitzlato Presents Instructions for Withdrawing User Funds in Bitcoins

It is important to note that allegations of money laundering against Bitzlato by foreign law enforcement officers have not been proven and the company has denied any wrongdoing. However, the company has provided instructions for users to withdraw their funds. Users of Bitzlato are advised to che ...

Cryptocurrency Analysts Prefer Slow and Steady Growth for Bitcoin Over Parabolic Rise

Prominent trader and cryptocurrency expert, Tone Vays, has expressed his reservations about a potential repeat of bitcoin's parabolic growth seen in 2019. He cited how the rapid rise in BTC's rate resulted in a year-long consolidation and a drastic 70% drop in value. Instead, Vays advocates fo ...

Cryptanalyst Bluntz predicts rise in ETH after completing correction

Bluntz, a well-known cryptanalyst with 221,000 followers, accurately predicted the Bitcoin crash in 2018. However, he now predicts a rise in ETH and assures that the correction has been completed and it's ready for growth. According to his technical analysis, Ethereum has already reached its s ...

Upbit to Issue xCORE Tokens to XRP and SOLO Holders

Upbit, a major cryptocurrency exchange based in South Korea, has recently announced that it will be supporting XRP and SOLO token holders by issuing tens of millions of xCORE tokens. This move is set to take place on March 24th, with a total issuance of 50 million tokens to be distributed equally ...

Investing in Bitcoin Mining Companies: Expert Opinion

An esteemed investor, Mike Alfred, has recently shared his insights on companies engaged in the production of the world's first cryptocurrency. According to him, in the current market scenario, such firms represent an alluring investment proposition. Alfred is of the opinion that mining compan ...

CNBC’s Jim Cramer Advises Selling Bitcoins Despite Market Rise

A cryptocurrency blogger who is passionate about the digital currency world recently announced that there has been a significant increase in the value of the first currency, Bitcoin, since the host of CNBC's MadMoney program advised people to sell their Bitcoins a few days ago. Despite Jim Cramer ...

Ethereum Witnesses a 25% Rise Amid Cryptocurrency Rally

The surge in digital currencies, triggered by the decline of three major US banks, had a significant impact on Ethereum as well. The altcoin's value increased by 25% during the week, with prices reaching the $1,800 mark, according to a cryptanalyst. Michael van de Poppe identified $1,850 as a cru ...

Moody’s Warns of Decreased Adoption and Tighter Regulation of Stablecoins Following USDC Drop

Moody's analysts have expressed concern that the recent drop in the value of the USDC stablecoin to $0.89 may have far-reaching implications for the adoption of all stable cryptocurrencies and lead to increased regulation. The US banking sector has been hit by a major crisis that has resulted in ...

Altcoin Market Analysis: Conflux, Stacks, SingularityNET, ImmutableX, and Render Token

Here are the 5 most impressive altcoins that have outshined the entire cryptocurrency market this week BeInCrypto's editorial team has meticulously curated a comprehensive list of altcoins that have witnessed a substantial surge in their value during the week spanning from ...

Cryptocurrency Market Booms as Banking Sector Collapses: Bitcoin, Ethereum, and Avalanche Prices Soar

Bitcoin The sentiment in the world of cryptocurrency is changing rapidly. Just a week ago, many believed that the market had entered another period of decline, but recent events have altered this trend. Despite some minor setbacks, Bitcoin has seen a 28% increase in val ...

Bitcoin Shows Signs of Revival as Price Surpasses $26,000 Mark

According to data from 99 Bitcoins, Bitcoin has managed to overcome its 474th near-death experience and come out on top. The website tracks every instance where the media declares BTC to be dead, and yet the cryptocurrency continues to survive. With the price of Bitcoin surpassing $26,000, man ...

Coinbase Plans to Launch Crypto Trading Platform Outside the US

Against a backdrop of increasingly stringent regulations and a challenging banking environment for national cryptocurrency companies, Coinbase is planning to launch a new cryptocurrency trading platform outside of the United States. Reports from Bloomberg indicate that Coinbase Global has already ...

Huobi to add new ARB token to trading floor on Arbitrum second layer protocol

Huobi, a popular cryptocurrency exchange, has announced that it will soon be adding a new token called ARB to its trading floor. This token will be operating on the Arbitrum second layer protocol. The developers of ARB, Offchain Labs, have promised to conduct an airdrop on the same day the token ...

US Senator warns of cryptocurrency’s volatility and links it to bank failure

During a recent US Senate Finance Committee meeting, Senator Michael Bennet of Colorado expressed his concern over banks that work with cryptocurrencies, citing the industry's extreme volatility as a reason for caution. Specifically, he referenced the recent failure of Signature Bank, suggesting ...

San Antonio Couple Arrested for Stealing $250,000 Worth of Crypto Assets

This is a disturbing case of SIM card fraud and theft of cryptocurrency assets by a couple in San Antonio. Andrew Trujillo and Zena Dounson were able to steal at least $250,000 worth of cryptocurrency using a SIM spoofing scheme. They copied SIM card data and forwarded short messages to custom ...

FDIC Denies Reports of Forcing Signature Buyers to Abandon Cryptocurrency Business

The FDIC, which is responsible for insuring bank deposits in the United States, has refuted recent claims that it is demanding prospective buyers of Signature Bank to completely relinquish the bank's cryptocurrency-related business. According to reports from Reuters, which relied on anonymous sou ...

Bitcoin Funds See Drop in Holdings Amid Lack of Institutional Investor Interest

In the midst of recent turmoil in the cryptocurrency market, which was triggered by the simultaneous collapse of several crypto-oriented banks in the United States, bitcoin funds have experienced a significant decline in their asset holdings. As a result, the total amount of BTC held by these fun ...

Investors sue Bitboy Crypto owner for promoting bankrupt FTX exchange

A group of investors has recently filed a class-action lawsuit against Ben Armstrong, the owner of Bitboy Crypto, for allegedly promoting the bankrupt cryptocurrency exchange FTX. The lawsuit, which was filed in the District Court for the Southern District of Florida, names several other defendan ...

FBI Reports Alarming Rise in Crypto Fraud Cases, Totaling $2.57 Billion in 2022

According to the FBI Internet Crime Report 2022, cryptocurrency fraud cases have seen a significant increase of 183% from the previous year, reaching a total of $2.57 billion. This is a sharp rise from the $907 million reported in 2021. The data was collected from the Internet Crime Complaints Ce ...

TUSD Operator Transfers $1 Billion to Bahamas Following Collapse of Crypto-Friendly US Banks

Bloomberg reports that following the recent collapse of US banks that were favorable to cryptocurrencies, the operator of the fifth largest stablecoin worldwide, TUSD, has transferred $1 billion in assets to the Bahamas. Archblock, which manages approximately $2 billion in reserves to back the Tr ...

Judge Rejects US Government Proposal to Delay $1B Deal Between Voyager and Binance.US

In the Southern District of New York, a $1 billion deal between Voyager and Binance.US has been the subject of much legal debate. The US government had originally proposed a hold on the deal, citing concerns that the agreement would indemnify Voyager and its employees from potential tax or securi ...

US FDIC Requires Buyers to Abandon Cryptocurrency Business of Signature Bank

According to a recent report by Reuters, the FDIC in the US has imposed a new condition for prospective buyers of Signature bank. Apparently, any party interested in acquiring Signature will need to agree to completely divest from the cryptocurrency business of the bank. Sources say that the F ...

Shiba Inu’s March Forecast: On-Chain Metrics Signal Gloomy Prospects

Shiba Inu (SHIB) Falls 33% In February And It's Not Over In February, the Shiba Inu cryptocurrency experienced a significant decline of 33%, leaving it in the red zone. Unfortunately, the outlook for March isn't much better, as on-chain metrics suggest that the influx o ...

TUSD Trading Volume Doubles After Major Exchanges Introduce Zero Commissions

TUSD stablecoin trading volume has doubled after major cryptocurrency exchanges, including the Binance exchange, introduced zero commissions for trading TUSD in pairs with leading cryptocurrencies. According to CoinGecko, the supply of the token was $970 million on Februa ...

Cryptocurrency Bank Anchorage Digital Lays Off 20% of Workforce Amid Regulatory Uncertainty

Anchorage Digital, a cryptocurrency bank, has revealed plans to cut back its workforce by approximately 20%, or 75 employees, due to regulatory uncertainty in the United States financial system. The company made history in January 2021 by becoming the first cryptocurrency firm in the U.S. to rece ...

Scammers Impersonate Ripple CEO Brad Garlinghouse to Promote Fake Cryptocurrency Giveaway on Twitter

The official account of a well-known Indian news channel, News 24, with a substantial following of 1.3 million on Twitter, was hacked by unknown individuals who posted a fraudulent message about distributing 100,000,000 XRP coins. According to the fake tweet posted by the hackers, Ripple CEO Brad ...

Investment CEO Predicts Bitcoin to Reach $100,000 in 2023

The CEO of investment firm Capriole has high hopes for Bitcoin, predicting that the cryptocurrency will experience a textbook-perfect push towards $100,000. Despite recent turmoil in the banking industry, Bitcoin has shown signs of recovery, surpassing the $26,000 mark at one point. Charles Ed ...

Euler Finance DeFi Protocol Hacked, User Receives Additional Coins from Hacker

One Euler Finance user has a fascinating story to tell following the recent hack of the DeFi protocol. After losing all of his life savings, the user sent a message to the hacker to express his frustration. To his surprise, the hacker returned his funds. According to the user's transaction rec ...

Galaxy Digital CEO Michael Novogratz advocates for investing in Bitcoin and Gold

Galaxy Digital CEO Michael Novogratz has reiterated his support for investing in bitcoin and gold, particularly in light of the recent banking crisis in the United States. During an appearance on CNBC's Squawk Box, Novogratz pointed out that banks often cut back on lending in order to restore the ...

Morgan Stanley Report: Bitcoin is Now a Speculative Asset Rather Than a Currency

According to a recent report by Morgan Stanley, Bitcoin is no longer viewed as a traditional currency, but rather as a speculative asset. While Bitcoin was originally designed to function as a decentralized means of carrying out transactions and storing savings without the need for an intermediar ...

Europol Seizes $47 Million in Bitcoin and Blocks Crypto Mixer ChipMixer

Europol, in collaboration with the FBI and law enforcement agencies in several European countries including Germany, Belgium, Poland, and Switzerland, has taken down ChipMixer, a crypto mixing service that was suspected of laundering over $2.92 billion. During their operation, intelligence offici ...

Thousands Join Class Action Lawsuit Against NY Attorney General to Recognize Ether as Security

According to the creator of the CryptoLaw initiative, an increasing number of individuals sharing similar views have united in a collective legal action against the New York State Attorney General, urging for the recognition of ether as a security. John Deaton recently tweeted that over 1,000 mem ...

Coinbase denies insider trading allegations, files motion to dismiss criminal case

Coinbase's management has submitted a unique private opinion to the court in regards to the case involving the former exchange manager. They deny any criminal wrongdoing and have requested a review of the decision. The Seattle District Court received a motion from Coinbase to dismiss the criminal ...

Binance’s Acquisition Talks with CoinDesk Disrupted by Reporter Resignation Concerns

According to sources at Blockworks, it has been reported that Binance Capital is looking to acquire CoinDesk by leveraging the platform of CoinMarketCap. Representatives from CoinMarketCap, acting on behalf of Binance Capital, have reached out to the CoinDesk news site to initiate talks about a p ...

Authorities Ban Binance from Selling Assets of Bankrupt Crypto Lender Voyager

The U.S. arm of cryptocurrency exchange Binance has been prohibited by U.S. authorities from selling the assets of bankrupt crypto lender Voyager until major legal objections have been addressed. The Southern District of New York Attorney, Damian Williams, has stated that the approval of the deal ...

Egyptian Police Detain 29 People in $615,000 Crypto Fraud Case

The Hoggpool project has been accused of committing a crypto fraud of $615,000 by Egyptian police. Authorities have taken into custody 29 individuals who were involved in the distribution of the mobile application, which was designed to attract investors in cryptocurrencies. According to the p ...

Bitcoin Mining Difficulty Reaches New Record: 43.55 Trillion Hashes

The difficulty of mining the first cryptocurrency has been recalculated, and it has shown a 1.16% increase, reaching a new record of 43.55 trillion hashes. This new record makes Bitcoin mining more challenging and less profitable. Previously, on February 25, the difficulty of mining reached 43.05 ...

Major Banks Interested in Working with Crypto Firms, but with Restrictions

Digital Currency Group (DCG) has revealed that major banks have expressed interest in collaborating with cryptocurrency companies, although there may be certain limitations imposed. Following the bankruptcy of American banks Silicon Valley Bank, Signature Bank, and Silvergate, DCG initiated discu ...

USDC sees $1.74 billion outflow as stablecoin decouples from USD

Bloomberg reports that on March 13, investors withdrew nearly $1.74 billion from USDC, according to data from the Nansen analytical platform. This represents more than 2% of the stablecoin's total working capital. The outflow occurred after USDC lost its peg to the US dollar last week due to Circ ...