Crypto news

Ripple price started a downside correction from the $0.5500 zone against the US dollar. The price is now trading above $0.505 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5090 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.5200 resistance. Ripple price is consolidating near $0.510 against the US Dollar, similar to Bitcoin. XRP price must...

On April 12, IMVU and Nadya Tolokonnikova, creator of Pussy Riot, a Russian feminist punk-rock collective, announced the creation of a community space in the Web3 metaverse during the NFT NYC 2023 event. According to Venture Beat, the Pussy Riot community space will be launched within the interactive 3D chatroom game IMVU. Additionally, the first 5,000 users who visit the metaverse and complete a free mission will unlock an NFT designed by Tolokonnikova. PUSSY RIOT’S FIRST...

A new type of crypto scam is taking precedent. This time, fraudsters are calling would-be victims and pretending to be policemen and asking for crypto-based payments – usually in bitcoin – or gift cards. A New Crypto Scam Is Taking Place in Michigan Thus far, the scam appears to be largely targeting residents of Jackson County, Michigan, so it’s somewhat centralized and limited at the time of writing, though it’s unclear how fast the scam could spread from here to other...

A Pew Research Center study determined that most US residents (88%) have at least basic knowledge about cryptocurrencies. However, only 24% think investing, trading, or using digital assets is safe and reliable. The percentage varies in the different demographic groups: adults aged 50+ are more likely to be skeptical (85%) than younger individuals (66%). The Newest Trends in the US 17% of the participants in the research admitted to dealing with cryptocurrencies at one point...

Crypto traders just got another taste of the twisted agenda stemming from the Biden administration. Biden Just Continues to Destroy Just yesterday, Live Bitcoin News published an article discussing the current fate of Signature Bank. As the latest financial institution to be shut down by regulators, the institution was discussed by former congressman Barney Frank, who served in politics for more than 30 years and eventually went off to become the bank’s director. In an...

The US-based cryptocurrency miner – CleanSpark – purchased 45,000 units of the Antminer S19 XP BTC mining machines for $144.9 million.  The current computing power of CleanSpark is 6.7 EH/s, while the installation of the new equipment is expected to push it to 13 EH/s.  Preparing for the Halving According to the deal, the manufacturer will distribute 25,000 units in August, while the remaining 20,000 should arrive in September. CleanSpark plans to deploy all of them at its...

NatWest – a retail and commercial bank – is limiting how much money its customers can transfer to digital currency exchanges as a means of preventing fraud. NatWest Is Halting Major Crypto Activity Customers of NatWest will no longer be able to transfer more than 1,000 pounds to crypto exchanges. They also cannot exceed 5,000 pounds per month. The bank put out a statement claiming there are too many “crypto criminals” out there, and it doesn’t want its customers taking...

With the lower trading volumes during the weekend, bitcoin has stalled around $30,000 but still remains above that level. Most altcoins are also sitting quietly, with ETH standing at $2,100. INJ, however, has skyrocketed on a weekly basis. BTC Stalls at $30K The past week was quite eventful for the primary cryptocurrency, despite its sluggish start. BTC remained at $28,000 on Monday, similar to the previous weekend, but the landscape started to change as the day progressed....

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Rashawn Russell, a former Deutsche Bank investment banker, in the US District Court for the Eastern District of New York. The filing alleges that Russell fraudulently solicited retail investors to invest in a digital asset trading fund. He is also being accused of defrauding investors of nearly $1 million in the process. He is being charged with one count of wire fraud by the CFTC....

Government officials have confirmed the city’s crypto commitments at the Hong Kong Web3 Festival this week as it aims to become a fully regulated crypto hub attracting investment and Web3 startups. On April 12, Financial Secretary Paul Chan Mo-po reiterated that appropriate regulations and oversight were of paramount importance. “I believe that everybody has learned from recent events that appropriate regulations are a must to create a sustainable development environment and...