Crypto news

American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was made possible after regulators took a hold of the bank on Monday. This notably placed the collapse of First Republic Bank as the worst in the US banking ecosystem...

As the highly anticipated Consensus 2023 conference, hosted by CoinDesk, got underway on April 26th, CoinW made its presence known as a deep partner of the event. Attendees couldn’t help but notice CoinW’s brand elements prominently displayed throughout the conference, from the sign-in area’s background wall to the escalator and booth. This marks CoinW’s first major exhibition appearance in the United States within the Web3 field, representing a significant milestone in...

ADA price is showing bearish signs below the $0.412 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.3980 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.412 resistance zone. Cardano price is struggling below $0.412 against the US Dollar, similar to Bitcoin. ADA price could...

Ethereum price is gaining bearish momentum below the $1,900 resistance against the US Dollar. ETH price is now trading below $1,920 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,910 on the 4-hour chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,920 resistance zone. Ethereum price is declining below $1,920 against the US Dollar. ETH/USD remains at a risk of...

The Kingdom of Bhutan – a landlocked country situated in the Eastern Himalayas – has reportedly used its renewable sources of energy to run a bitcoin mining operation for years. A government representative said the process started when BTC was worth around $5,000. It is worth noting that the primary cryptocurrency reached that level for the first time in October 2017. Another country that has done so is El Salvador. The Latin American nation, which became the first to make...

According to the blockchain and smart contract security firm Certified Kernel Tech (better known as CertiK), crypto-related exploits, hacks, and scams in April resulted in losses worth $103 million. The figures for last month are a lot less than the $211 million worth of digital assets which wrongdoers siphoned throughout March 2023. Summarizing the Incidents in April CertiK estimated that the total amount hackers managed to drain last month from crypto projects was...

Gemini Earn – the Winklevoss-owned crypto exchange’s digital asset lending arm – announced on Sunday that it had agreed with Barry Silbert’s Digital Currency Group (DCG) on a mediation process to bring their bankruptcy dispute to a close.  The company said that it expects an order from Bankruptcy Judge Lane directing the mediation to arrive as early as Monday.  Gemini’s Final Resolution Per the company’s latest update, the plan arranges for two meetings to take place before...

Decentralized Finance (DeFi) players have been left unscathed as the unmonitored control of off-chain capital of centralized crypto entities led to misdeeds and bad trades, and subsequent collapses. Be it multi-billion dollar bankruptcies, fraud allegations, rampant scandals, or plunging crypto-asset prices, 2022 was characterized by tragic events, culminating mostly from CeFis, which, in turn, enhanced the value proposition of DeFi. The decentralization-first purist approach...

Do Kwon – the crypto executive behind the Terra USD collapse that occurred in the summer of 2022 – has been arrested and taken into custody. Do Kwon Has Reportedly Been Taken In Kwon has allegedly been a fugitive these past few months. He was apprehended in the European nation of Montenegro, where he was found to be holding phony passports and documentation. The country’s interior minister Filip Adzic issued the following statement: Montenegrin police have detained a...

After a phase of consolidation and correction, Ethereum’s price has recently arrived at the crucial support level of the 50-day moving average. However, it is currently going through a tight price range between the 50-day MA and the significant resistance level of $2K. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, the price previously formed a higher-high pattern before experiencing a significant decline. The 50-day moving average acted as a support...