Altcoins

The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 – mainly for business development and operational costs. Expenses Overshadowed by the Treasury Fund According to the report, the Foundation ensured investors that...

2022 has been a rough year thus for crypto investors in the sense that bitcoin and many of its altcoin cousins have had a hard time keeping their prices stable. However, the year has also been difficult because thieves have become so prominent in the space. At the time of writing, it appears crypto thieves have stolen more than $1.2 billion in crypto funds in 2022, and we’re not even at the halfway point. Why Are Thieves So Prominent in the Crypto Industry? Mitchell...

Der Cryptomarkt zeigte diese Woche wieder sein hässliches Gesicht. Die Preis-Volatilität hat in der Vergangenheit viele Investoren reich gemacht. Wer zum richtigen Zeitpunkt in einen Low Cap Altcoin investierte, konnte über Nacht Millionär werden. Doch das Beispiel Luna zeigt auch, dass man ebenso alles verlieren kann, wenn man nicht zum richtigen Zeitpunkt aus einem Altcoin aussteigt. Crypto News: Luna kollabiert innerhalb von wenigen TagenZu Beginn der Woche erlebte LUNA (auch Terra...

After yesterday’s brief price surge to $31,000, bitcoin stalled and retraced back to below $30,000. Most altcoins are also slightly in the red today, except for TRON and Polkadot, both of which are up by around 4%. Bitcoin Failed at $31K No other word can explain what transpired last week better than “massacre.” Bitcoin stood close to $40,000 on May 5 before the bears took complete control over the market and pushed it south hard. At first, BTC lost $4,000 in a day before the...

The new government of South Korea will reportedly finalize the regulatory framework on the local digital asset ecosystem next year and enforce it in 2024. The legislation will aim to incorporate cryptocurrencies like bitcoin into the country’s institutional system. In addition, the authorities have greenlighted the Bank of Korea’s efforts to launch a CBDC in 2023. South Korea Embracing Crypto Just two months after Yoon Seok-youl secured a victory in South Korea’s presidential...

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...

EOS price started a fresh decline from the $1.80 resistance against the US Dollar. The price is now trading below $1.5 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend its decline below the $1.20 support zone in the near term. EOS price is gaining pace below $1.40 against the US Dollar, similar to bitcoin. The price...

Litecoin started a fresh decline from the $85 resistance against the US Dollar. LTC price is now trading below $75 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $66 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate lower towards the $52 and $50 support levels in the near term. Litecoin price is gaining pace below $70 against the US Dollar, similar to bitcoin. LTC...

GOP colleague Rep. Madison Cawthorn of North Carolina is allegedly being investigated for his purchase of the “Let’s Go Brandon” cryptocurrency, a token that takes its name from a derogatory chant aimed at Joe Biden. Did Madison Cawthorn Fail to Disclose His Buys? The investigation is not occurring because he invested in the currency, but rather because he allegedly didn’t disclose the investment within a set period. Members of the U.S. Congress only have so much time to...

Solana price extended decline below the $80 support against the US Dollar. The price is now trading below $80 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $67.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $68 and $74 to start a fresh recovery wave in the near term. Solano price is struggling below $80 against the US Dollar, similar to bitcoin. SOL could decline...