Crypto news

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...

A new report by global capital markets data platform PitchBook revealed that crypto-focused companies raised $2.6 billion across 353 investment rounds in the first quarter of 2023. The amount raised signaled a 12.2% and 11% decrease in the quarter-on-quarter total number of deals and deal value, respectively. It also represented the fourth consecutive quarter of decreasing investment activity, as the amount was the lowest capital invested and deals completed since Q4 2020....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Andy Baio – the former CTO of Kickstarter – has discovered something unusual about Apple’s Mac computers. They all seem to come with copies of the bitcoin whitepaper. The Whitepaper for Bitcoin is a Regular Mac Resident The whitepaper for bitcoin was first introduced on Halloween of 2008. During that time,...

Stock and crypto investing app Robinhood reported $441 million in net revenue in Q1 2023, up 16% from the previous quarter. Its increased numbers, however, did not come from its crypto business – which appears to be trending in the opposite direction. Crypto Down, Interest Up Per the company’s first-quarter results report on Wednesday, Robinhood’s transaction-based revenues increased 11% quarter over quarter to $207 million.  This included a 7% increase in options revenue to...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Police in North Kingston are warning residents about a whole new array of crypto-based scams that have made themselves prominent in the area. Crypto Scams: Will They Ever Stop? Crypto scams are nothing new. In fact, they’ve practically been around since the industry was first developed nearly 15 years ago, but...

The Presidential elections in Turkey (May 14) could have a pivotal role in the country’s future financial condition. They could also affect the local cryptocurrency industry since the two leading candidates – Recep Erdogan (the current political leader) and Kemal Kilicdaroglu – share entirely different views.  The former declared “war” on bitcoin in 2021 and supported the central bank’s efforts to launch digital lira. Kilicdaroglu stands on the opposite corner as a proponent...