Crypto news

Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand. The altcoins are in the green today, with LDO taking the main stage with a massive double-digit price surge. BTC’s Pump and Dump Keeps Rolling The major news from the past week came when the US CPI numbers for April informed that the inflation rates had slowed down and were actually lower than the expectations. Bitcoin reacted positively to the news at...

The world’s largest crypto trading platform said it will be winding down its Canadian arm two years after being greenlighted to operate in the country. Binance mentioned a recent amendment in the local legislation that affected stablecoin deposits and purchases on exchanges. Binance announced its intentions on Twitter, saying it will “be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.” The exchange admitted that it was a...

The People’s Court of Ho Chi Minh City reportedly brought to court 16 Vietnamese who might stand behind a $1.5 million crypto robbery and kidnapping. Interestingly, two of the defendants are former police officers. Vietnam is one of the global leaders in terms of cryptocurrency adoption. Despite its rising popularity, the government has not imposed a legal framework on the asset class.  The Movielike Story According to a local media outlet, the whole drama started in 2018...

On May 11, MetaMask revealed that it had added PayPal as a payment option for Ethereum purchases. However, the new payment channel is only available to U.S. users. “MetaMask is the first web3 wallet to enable users to buy ETH using PayPal, a leader in the digital payment space,” it said. The integration also supports ETH transfers from PayPal to MetaMask, creating more self-custody adoption. However, many of those responding to the tweet were more interested in when MetaMask...

Amidst regulatory tussle, an SEC disclosure revealed an expensive bill for Coinbase CEO Brian Armstrong’s security benefits. The exec was granted security benefits of $6.3 million last year, representing more than triple the amount his security cost Coinbase the previous year. According to the public document, Armstrong’s total compensation for the whole of 2022 was $7.5 million, and received a flat salary of $1 million, while the remaining can be characterized as security...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Elon Musk – the South African billionaire behind companies like Tesla and SpaceX – played a last-minute April Fools’ joke and changed the Twitter logo (Twitter being the most recent company he bought) to that of the Dogecoin dog. Elon Musk Pulls a Twitter Twist The move aided Dogecoin and brought the coin up by...

Bitcoin crashed on Friday down to $26,166 and continues struggling to break back above the $26,500 level. What gives? Crypto market analytics platform CryptoQuant said the latest fall may be due to a coordinated FUD campaign against the primary cryptocurrency, which triggered a wave of liquidations this week.  The US Government Did Not Sell Its BTC In a post on Friday, CryptoQuant analyst IT Tech called attention to a wave of online, “coordinated fake news” related to the US...

The integration of Spotify with NFT projects including Moonbirds has helped its stock rally more than 80 percent YTD. The Moonbirds (MOONBIRD), an Ethereum ERC-721 NFT token with a total supply of 10k units, has announced a strategic partnership with Spotify Technology S.A (NYSE: SPOT) to enable the NFT holders to unlock certain music creations on the online platform. According to the announcement, Moonbirds holders in the United States, the United Kingdom, and Australia, another few...

Ripple’s price is currently hovering near a crucial support region which consists of both the 200-day moving average and the $0.41 price zone. A breach below this critical level could potentially trigger a significant downturn toward the descending trendline. Technical Analysis By Shayan The Daily Chart On the daily chart, it’s apparent that after the recent weeks of rejection, the price has arrived at a strong support area at the 200-day moving average of $0.41. Considering...

The past seven days saw the cryptocurrency market lose close to $100 billion off its total capitalization, which currently sits at $1.150B. It’s not been very fun for market participants as the majority of coins are trading well in the red. Once again, the hottest story of the week might as well be PEPE, but not for the same reasons as last week. Let’s dive in. First things first, Bitcoin’s price crashed by roughly 9% through the past week and is currently trading at around...