Altcoins

The Securities and Exchange Commission (SEC) has been on a roll over the past few weeks to take down any crypto company or individual it thinks might be going against its agenda, and it’s now added one more victim to its roster. The SEC Targets Paul Pierce This time, the figure targeted by the SEC is former Celtics player and NBA hall of famer Paul Pierce. The basketball player took part in a promotion of a new digital currency called Ethereum Max. By issuing public...

Bitcoin’s dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000. ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%. Bitcoin Dominance Spikes to New Peaks The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations as well as US Fed lending $300 billion to certain banking institutions, pushed BTC north this week. The asset stood just inches...

Crypto fraud has always been a problem, but a new report issued by blockchain analysis firm Chainalysis shows just what a big issue it’s become. According to the document, nearly 25 percent of the digital tokens introduced in 2022 were scams designed to make off with investor funds. Chainalysis: Most Tokens in 2022 Were Phony Several of the tokens analyzed in the Chainalysis report showed signs of being pump-and-dump schemes. This involves the developers or executives of...

Logan Paul, a YouTube influencer, is among five people getting sued at the time of writing for allegedly instigating a crypto and NFT fraud scheme. Logan Paul Is the Subject of a Crypto Lawsuit The lawsuit – filed by Houston based attorney firms Tom & Associates and Ellzey & Associates – represents Don Holland, a Round Rock police officer that allegedly fell victim to the scam (known as Crypto Zoo). Holland claims in court documents that Crypto Zoo was a rug...

Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since June 2022. The altcoins are also well in the green, with ETH reclaiming $1,800, while SOL, UNI, AVAX, and ETC have skyrocketed by up to 14%. BTC Taps Yet Another 9-Month High The US banking crisis, which later expanded to Europe as well, harmed bitcoin’s price performance at the end of last week as the asset tumbled below $20,000 for the first time in two months....

Bitcoin cash started a decent increase above the $115 and $120 levels against the US Dollar. The price is now trading above the $120 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $126.80 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $132 and $138 to continue higher in the near term. Bitcoin cash price is climbing above $120 against the US Dollar, similar to bitcoin....

Binance has announced Space ID (ID) as the 30th project it will host on its launchpad.  Space ID is the native token of the SPACE ID ecosystem, a Web3 identity protocol with a universal name service network. SPACE ID is developing a universal name service network that allows the discovery, registration, trading, and management of Web3 domains. Also, the project includes a Web3 Name SDK & API that allows developers to build and integrate all their Web3 identities into one toolkit.  How...

The USDC depeg caused significant turmoil in the market last week. The stablecoin issuer Circle claimed that it has cleared “substantially all of the backlog of minting and redemption requests for USDC.” In a recent statement, Circle said it had redeemed $3.8 billion of USDC tokens over the period and minted $800 million. The Boston-headquartered company also went live with a new transaction banking partner for domestic US wires in and out on March 14. Circle further revealed...

Ethereum recently concluded its final dress rehearsal, dubbed Shapella, on the Goerli testnet en route to its mainnet upgrade. The Ethereum Shapella upgrade is on course for launch following its successful activation on the Goerli testnet. According to reports, this development is in the final phase before the upgrade goes live on the mainnet. With the Ethereum Shapella upgrade mainnet development, stakers can unstake their Ethereum (ETH) from the protocol. According to Ethereum developer...

EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $1.10 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.12 and $1.15 resistance levels. EOS price is struggling below $1.15 against the US Dollar, similar to bitcoin....