Crypto news

The latest buzz in the crypto world revolves around the newly introduced Bitcoin token standard (BRC-20), which has garnered considerable attention and favor owing to the recent memecoin craze. Despite the ongoing hype, the token standard is still subject to certain constraints concerning the broader crypto landscape. A recent report by leading crypto exchange Bitfinex has emphasized the token standard’s potential and the significance of identifying more use cases to expedite...

Bitcoin’s price has been dropping continuously over the last week, and there may still be more. However, the bearish momentum is much lower than expected, and multiple support levels are available for the market to rely on. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, the price has been declining since getting rejected from the $30K resistance level in April, and it has also broken below the 50-day moving average, located around the $29K mark....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Assets like bitcoin and Ethereum continue to show signs of recovering from the bearish market conditions traders and investors witnessed last year. The Many Bitcoin Developments Set to Occur Not long ago, the U.S. government seized more than $215 million in bitcoin taken from the Silk Road dark web market,...

In the lead-up to the last month’s Shapella upgrades, many crypto pundits speculated that activating staked Ether withdrawals could drag the price of the native asset down. But the latest data suggest that the selling pressure on ETH post-withdrawal “has been somewhat of a non-event.” This is backed by the fact that deposits have almost matched the amount of ETH coming into circulation. State of Ethereum: Post Shapella The Shapella implementation was crucial as it enabled the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The banking crisis in America and Europe – which appears to be drawing back somewhat at the time of writing – truly vindicated several BTC and Ethereum believers according to many analysts in the industry. BTC Fanatics Have Been Proven Right The banking crisis saw at least three separate institutions in the...

Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still. The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310. Bitcoin Stays Flat The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April. Although BTC...

Kim Nam-kuk – a South Korean lawyer and politician – will reportedly sell his cryptocurrency holdings amid a conflict of interest that surrounds his stash.  The Democratic party (DP), which he is part of, will also launch an investigation to determine whether he complied with local requirements when acquiring the tokens.  Inspection Could Reach Other Members of the Party According to a local media outlet, the DP urged Nam-kuk to sell his approximately 800,000 Wemix coins...

Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million. The financial statement also reported liquid digital assets of $566 million, including reserves of SAND, the utility token used in The Sandbox platform. Additionally,...

According to an undisclosed White House official, North Korea has funded approximately half of its missile tests through crypto theft and cyberattacks.  A recent Chainalysis report suggested that North Korean hackers embezzled $1.7 billion of digital assets in 2022. Arguably the most notorious local hacking collective – the Lazarus Group – stood behind numerous exploits last year, with the $625 million breach on Ronin Network being the most famous one.  North Korean Hackers...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The U.S. Department of Justice (DOJ) has seized as much as $112 million in digital currency from addresses tied to pig butchering scams. Pig Butchering Is a Huge Problem Judges in several states – including Arizona, Idaho, and California – have issued at least six separate warrants for the seizure of digital...