Altcoins

A crypto system known as Beanstalk has been infiltrated and ultimately lost more than $180 million in reserves. The hack occurred through unusual means in which an attacker used borrowed funds to garner the voting rights necessary to transfer all the money into his (or her) own personal account. Beanstalk Has Lost a Lot of Money On its website, Beanstalk is described as a “decentralized” asset that’s also a stable currency. While Beanstalk itself is the network in which...

Lisa Chen, a Chinese immigrant living in Australia, wired about $20,000 into an overseas bank to invest in what was known as Himalaya Coin or H Coin, which was a new brand of cryptocurrency designed to serve as an anti-Chinese government tool. There Are Red Flags Surrounding H Coin She went so far as to tell all her family and friends about the currency. Chen explained in an interview: I invested and asked all my relatives to invest in H Coin as well. I thought I did the...

Bitcoin cash price started a fresh decline from the $322 resistance against the US Dollar. The price is now trading below the $312 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $308 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $300 support zone in the near term. Bitcoin cash price is struggling below $312 against the US Dollar,...

The past seven days haven’t been particularly favorable for the cryptocurrency in terms of price action. Bitcoin dropped below $40K and is currently unable to reclaim the important psychological level, while many altcoins followed a similar, if not tougher, path. This time last week, BTC was trading at around $42,000, but this didn’t last long. The cryptocurrency began declining last Friday, and by Saturday, it was already trading below $40K. The beginning of the workweek...

EOS price started a fresh decline from the $2.90 resistance zone against the US Dollar. The price is now trading below $2.50 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2.32 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $2.35 resistance zone in the near term. EOS price is struggling below $2.50 against the US Dollar, similar to...

Litecoin started a fresh decline from the $115 zone against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $102 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears $102 and $105 in the near term. Litecoin price is struggling below $105 against the US Dollar, similar to bitcoin. LTC price could...

The upper house of the National Congress of Brazil – the Federal Senate – reportedly approved the bill that could serve as a regulatory framework for the local cryptocurrency industry. The legislation needs to receive a green light from the Chamber of Deputies before becoming live. Senate Said ‘Yes’ The largest nation in South America is gradually moving towards establishing rules on its digital asset ecosystem. A local report reads that the Senate passed a bill to set up a...

Solana price extended decline below the $100 support against the US Dollar. The price is now trading below $100 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $98.20 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $100 and $102 to start a fresh increase in the near term. Solano price is struggling below $100 against the US Dollar, similar to bitcoin. SOL could decline...

Not long ago, Live Bitcoin News put out an article discussing the hacking of gaming network Axie Infinity, which ultimately resulted in more than $600 million in digital currency funds being stolen overnight. The incident is easily one to mar the crypto books and one of the biggest digital currency heists in history. Axie Infinity Was Allegedly Hit by Lazarus Since then, additional details have come about linking the incident to Lazarus, a notorious hacking group...

Amazon has emerged with some rather disappointing news for crypto fans. The company appears to have gone back and forth in time when it comes to accepting crypto payments, and now it looks like the company is not quite ready to move in that direction. Amazon Eliminates All Hope of Crypto Payments Amazon is one of the largest – if not the largest – retailer in the world. The online selling giant initially started out as a place to buy books, but now it seems like you can...