Crypto news

ETH’s price has been on the rise since rebounding from the $1000 area and has broken through multiple significant resistance levels. However, the cryptocurrency is currently demonstrating a lack of momentum, hinting at a potential correction in the short term. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been holding above the broken symmetrical triangle after breaking it to the upside. However, the $1800 resistance area is yet to be...

Tron Founder Justin Sun’s tenure as Grenada’s Ambassador to the World Trade Organization (WTO, came to an end on March 31.  The end of Sun’s diplomatic status comes shortly after the SEC accused the Tron boss of fraud and market manipulation. Justin Sun, in a tweet thread, announced the end of his term as Grenada’s representative to the WTO, which took effect on Friday, March 31, 2023. Sun stated he gained valuable experience during his time as ambassador, adding that he was...

Victims of the now defunct crypto exchange Mt. Gox are set to get some of their money back in the coming weeks and months. Several creditors have set forth a plan to pay back at least some of the funds that were lost (or stolen) in the company’s collapse, but the news isn’t all good, as some analysts believe this could cause a heavy slump in the bitcoin price. Mt. Gox Victims Are Set to Get Repaid Mt. Gox was one of the biggest disasters of the crypto space. Occurring in...

Another executive that worked with the now defunct crypto exchange FTX has pleaded guilty to criminal charges. Nishad Singh – who worked as the former director of engineering at the exchange – has pleaded guilty to approximately six conspiracy charges, as well as conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to violate federal campaign finance laws. Another FTX Employee Has Been Taken Down Damian Williams – a US attorney for the...

What we are witnessing in America today is unlike anything the country has ever been through. We have a president in office, Joe Biden, who has taken on the form of a third-world dictator. His liberal cronies rush to do his dirty work, and crypto fans along with many members of the standard public are seeing this firsthand. Joe Biden: America’s Worst President By Far Not long ago, Alvin Bragg – a corrupt Manhattan district attorney funded by U.S. enemy George Soros –...

Weeks after the failure of a series of US banks as well as the Credit Suisse chaos, the crypto market has considerably recovered but the same cannot be said for a prominent stablecoin that has served as a backbone for DeFi trades – USDC. The confidence in Circle-backed stablecoin remains severely battered as investors continue to flee to Tether (USDT), the controversial stablecoin, in search of a safety net amidst the turmoil. USDC Outflow USDC’s market cap was down by over...

With the declining trading volumes during the weekend, bitcoin has stalled but remained north of $28,000. Most larger-cap altcoins are in a similar position, aside from Dogecoin and Shiba Inu. HBAR is also well in the green. BTC Settles Above $28K The massive volatility that bitcoin faced last week saw the asset dumping from over $28,000 to $26,500 in hours on Monday when the US CFTC went after Binance. However, that was just the start of the rollercoaster week that drove BTC...

Indian tax authorities collected Rs 158 crore (approx. $19 million) in TDS on the transfer of virtual digital assets (VDA) till March 20, Minister of State for Finance Pankaj Chaudhary told the Parliament on Tuesday.  Given that the financial year ended on March 31, it can be taken as the final figure for the entire 2022-23 fiscal. 1% TDS at $125 Threshold  The Indian government brought crypto transactions under a new tax regime through the budget for 2022-23. It provided for...

Flybondi – a low-cost airline in Argentina – became the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs). The initiative, dubbed Ticket 3.0, is already available for clients willing to fly to domestic destinations. Eliminating the Usual Restrictions The company announced on its website that each purchased ticket will be issued as an NFT on the Algorand blockchain. The integration is an expansion of Flybondi’s existing partnership with...

Bitcoin’s price has been stuck in a tight static range between $25K and $30K, consolidating without a clear direction. It must break out of this critical range to determine its future direction. Technical Analysis By Shayan Daily Chart Bitcoin’s price has formed an ascending channel on the daily timeframe and is attempting to surpass the upper trendline. However, the channel’s upper boundary roughly aligns with the major resistance region of $30K, creating a robust barrier in...