Crypto news

Ripple’s price was rejected after attempting to reclaim the significant resistance region of $0.55 and is currently consolidating. However, it faces a crucial support zone, and the upcoming action will determine Ripple’s short-term outlook. Technical Analysis By Shayan The Daily Chart After a sudden increase in value, the cryptocurrency’s price successfully surpassed several significant barriers, creating a positive outlook for the future. However, the upward momentum slowed...

If some angry investors had it their way, the world’s most successful tech startup founder and CEO would meanwhile lose his fortune. The cohort of people bringing “Johnson v Musk et al” in U.S. federal court, Southern District of New York, are suing him for $258 billion. Elon Musk’s attorneys wrote in a memo to the court: “The Complaint is a fanciful work of fiction that fails to state any actionable claim against Defendants Elon Musk and Tesla and must be dismissed in its...

Crypto regulation has been at the forefront of many Congress-led discussions for the past several years, but while democrats have spent a long time talking about it, they haven’t acted, and quite frankly, given the fact that so many of them have accepted donations from entities like Sam Bankman-Fried of FTX notoriety, we probably don’t want them getting involved in regulation in the first place. Is Regulation Finally Coming? It now looks like republicans are taking it...

Economic, financial, and business analysts have been on the lookout for an imminent recession since late 2022. The only question in a field of certainty that a mild recession is looming is where? Jamie Dimon: Bank Failures Could Lead to Recession in 2023 Will the recession emerge from a financial crisis? Will oil or some other commodity trigger it? Could it start in housing as it did with the Great Recession? The critical weakness in banking that became evident to markets in...

A couple from Toronto became the latest to fall victim of a cryptocurrency scammer. They lost around $300,000 in an elaborate scheme.  However, in this case, law enforcement agents managed to recover a “significant portion” of the lost funds and returned them to the victims. Another Crypto Scam in Canada The Toronto Police Service announced earlier this week that an elderly man and his spouse, whose names were undisclosed, became victims of a cryptocurrency fraud.  The couple...

2022 was the year of hype around Web3, but 2023 is shaping up to be the year when the plans are being implemented. Luxury brands are now focusing on more concrete utilization closely connected with the physical product in contrast to digital-only assets existing solely for the metaverse. Everything then boils down to the usage of crypto and digital assets for transactional purposes. Luxury in Web3 Web3 has gradually established a warm relationship with luxury goods, and...

If you have been in the crypto sphere for some time, there are two things you should already know: you should never want to invest more money than you can afford to lose, and you will never want to read the words “Please bear with me; I don’t wanna go to jail,” from the CEO of a major exchange – for example, Paxful. On April 6, Ray Youssef, CEO and co-founder of Paxful, a US-based P2P Bitcoin exchange, announced that he is working on a plan to reimburse users’ funds using his...

The Federal Bureau of Investigation (FBI) has announced that a new way of tricking crypto fans and investors is making its way through illicit circles. The FBI Says the Latest Crypto Scam Targets Gamers The agency, in a statement, said many new pay-to-earn crypto platforms are ultimately stealing digital assets from those willing to try and invest or take part in company services. The way they do this is by offering fake rewards in both online and mobile games that users...

Bitcoin fans are making fun of economist Paul Krugman after he vented on Twitter the other day about dealing with a particularly rough financial company. Is Krugman Getting a Taste of His Own Medicine? Krugman has long been anti-bitcoin and crypto. He’s offered words on his skepticism for some time, and it’s clear he’ll probably never take digital assets seriously. It’s obvious that there are many bitcoin fanatics out there that have taken his words somewhat personally...

Thailand’s main opposition party is promising an airdrop of about 500 billion baht (around $15 billion) in cash within months of its coming to power. The party official said that the move is expected to help recover the country’s struggling economy and provide relief to those battling “neck-deep debt.” According to a Bloomberg report, a Pheu Thai-led government plans to distribute 10,000 baht each to about 55 million citizens who are 16 years and above if it wins the general...