Crypto news

Lemon8 growth in the US could also get the attention of US regulators, especially due to its relationship with ByteDance. Chinese tech giant and TikTok developer ByteDance is pushing another social media app, Lemon8, into the US market as TikTok faces a possible ban. The popular short video app is under pressure in the US due to concerns over the handling of users’ data. Already, more than 24 states in the country have banned TikTok on government-issued devices. US lawmakers have referred...

Fox Corporation stock suffered a massive dent in value less than a day after announcing the departure of longtime TV host Tucker Carlson.  Shares of Fox Corporation (NASDAQ: FOXA) declined 5% on Monday following Tucker Carlson’s exit. The mass media company previously announced that Carlson was leaving the Fox News network for his involvement in a string of controversies. During the early trading session, Fox Corporation shed nearly a billion ($962 million) of its market value. However,...

Chamath Palihapitiya blamed the US regulators for their heavy crackdown recently on the US crypto industry and all associated players. In the latest regulatory developments taking place in the United States, popular tech investor Chamath Palihapitiya shared a very cautious move about crypto assets. Over the last few years, Palihapitiya has been sharing bullish views about Bitcoin stating that it has replaced gold and that the BTC price would shoot to $200,000. Chamath Palihapitiya and His...

The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are seeing a mild slump today after the firm revealed that its net profit for the first quarter took a significant hit. While still largely profitable, UBS said the net profit for the quarter dropped by 52% over the past year to $1.03 billion. UBS said the drop in...

ADA price is trading in a bearish zone below the $0.42 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.3850 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.40 resistance zone. Cardano price is struggling below $0.40 against the US Dollar, similar to Bitcoin. ADA price could...

Ethereum price is struggling to recover above the $1,900 resistance against the US Dollar. ETH price is now trading below $1,900 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hour chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,950 resistance zone. Ethereum price is declining below $1,900 against the US Dollar. ETH/USD remains at a risk of...

Last September, the SEC took the Hydrogen Technology Corporation and its CEO, Michael Ross Kane, to court for the alleged price manipulation of the firm’s proprietary token, HYDRO. Proven Manipulation Of Market Value According to the charges, Kane used services offered by Moonwalkers Trading Ltd, a South African company, without a clear legitimate business purpose in order to conduct bogus trades using the HYDRO token. We announced charges against The Hydrogen Technology...

Leading cryptocurrency exchanges Coinbase and Gemini are parts of the two consortiums set to bid for bankrupt crypto lender Celsius Network’s assets at an auction scheduled for Tuesday, the 25th of April, 2023, according to a court filing and report from Fortune. The court document revealed that the auction would be held at the New York offices of Kirkland and Ellis, the law firm handling Celsius’ bankruptcy, from 2 pm EPT. Coinbase and Gemini to Bid for Celsius’ Assets One...

A South Korean District Court has declared that LUNA, the native token of the Terra ecosystem, is not a security. The court also dismissed prosecutors’ requests to confiscate properties belonging to Singapore-based Terraform Labs co-founder Shin Hyun-Seong, and also arrest him along with other executives of the Singapore-based project. LUNA Is Not a Security Token The Seoul Southern District Court categorically stated that LUNA is not considered a security, according to a...

For what appears to be the first time in about 24 months, many crypto heads and analysts are saying bitcoin – the world’s number one digital currency by market cap – will be more volatile in the coming future than its closest relative Ethereum, which has long been the number two crypto and bitcoin’s primary competitor. Bitcoin Is on the Verge of Beating Ethereum in the Volatility Dept. The funny thing about a statement like this is that throughout its short history,...