Crypto news

Ripple price started a fresh decline from the $0.540 zone against the US dollar. The price is now trading below $0.500 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.5100 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.500 resistance zone. Ripple price is struggling below $0.500 against the US Dollar, similar to Bitcoin. XRP price...

Faruk Fatih Özer – the founder of crypto exchange Thodex – has been extradited to his home country, Turkey, where he faces charges of fraud and operating a criminal organization. Thodex was one of the largest crypto exchanges in Turkey. It later turned out to be an exit scam, with Özer disappearing with $2.6 billion worth of crypto funds leaving around 400K users high and dry. According to the latest report by state media, the 27-year-old founder was detained by police upon...

In a landmark ruling, Hong Kong’s High Court declared crypto as property that can be held in trust. This marks the first time such a decision regarding asset class has been made in the city-state. The ruling, which was handed down in liquidation of a case involving the now-defunct crypto exchange Gatecoin, essentially puts crypto on par with other intangible assets such as stocks and bonds. Cryptocurrencies Constitute Property The judgment was revealed by London-based law...

Federal law enforcement agents have managed to take back as much as $24K from crypto scammers who had allegedly stolen the money from a resident of the Metro East area of Illinois. At the time of writing, no criminal evidence has been made public, and the agents have not made any arrests. Illinois Woman Is 75 Percent Victorious Crypto scams have become rather prominent in recent years, and with time, they just get bigger and bigger. Court records regarding the present...

Bitcoin has shown immense resilience this year. While the overall rally hasn’t been smooth sailing per se, it holds significance as it came against the backdrop of the banking scandal. This essentially represented a shift in investor sentiment shifted toward viewing Bitcoin as a hedge against banks. According to the latest report by the market tracking platform CoinGecko, spot trading volume across the top 10 crypto exchanges was recorded to be at $2.8 trillion for 2023 Q1,...

21Shares launches Short Ethereum ETP and Ethereum Core ETP Am 9. November 2021 erreichte die Kryptowährung Ethereum ihr bisheriges Allzeithoch von über 4’300 US-Dollar. Dies war ein wichtiger Meilenstein für Ethereum und die Krypto-Community. Ethereum ist eine dezentrale Plattform, die es Entwicklern ermöglicht, Smart Contracts und dezentrale Anwendungen (dApps) zu erstellen. Es ist auch die Heimat von Ethereum, der zweitgrößten Kryptowährung nach...

Dezentrale Finanzanwendungen (DeFi) haben in den letzten Jahren einen enormen Aufschwung erlebt und bieten Nutzern eine Reihe von Vorteilen gegenüber traditionellen Finanzdienstleistungen. Wenn du dich fragst, wie du am einfachsten eine DeFi dApp ausprobieren kannst, bist du hier genau richtig. Schritt 1: Eine DeFi-Wallet einrichten Um eine DeFi-Anwendung nutzen zu können, benötigst du eine sogenannte Wallet. Eine Wallet ist eine digitale Geldbörse, in der du Kryptowährungen aufbewahren...

Avalanche-Subnets nach täglich aktiven Adressen Ava Labs hat die Evergreen Subnets eingeführt, eine neue Funktion des Avalanche-Netzwerks, um dessen Einführung durch Finanzinstitute zu beschleunigen. Dieses Tool ermöglicht die Erstellung von genehmigten Netzwerken, die die spezifischen Anforderungen von Institutionen erfüllen und dennoch von der Sicherheit einer öffentlichen Blockchain profitieren. Institutionen können ihre privaten Netzwerke mit...

Bitcoin is doing well as of late, and many analysts – including former Coinbase chief technology officer Balaji Srinivasan – believe the currency is going to hit unprecedented levels within the next few months. Balaji Srinivasan Is a Big Bitcoin Believer In a recent interview, Srinivasan said that hyperinflation could cause bitcoin to hit a price of about $1 million per unit. The clincher? He thinks this could happen as early as June of this year. For that to occur,...

The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela. Pausing Crypto Activities During the Investigation According to a Forbes coverage, large-scale BTC miners in Venezuela will...