Crypto news

Bitcoin – the world’s number one cryptocurrency by market cap – has had a couple of solid months. So solid, in fact, that it looks like many people are once again viewing the digital currency as a “safe haven,” something that clearly wasn’t occurring in 2022. Bitcoin Is a “Safe Haven” Once Again Last year was arguably the worst period on record for bitcoin and crypto. The digital asset wound up losing more than 70 percent of its overall value after hitting a new all-time...

Do Kwon, the co-founder of Terraform Labs, who has been on the run since the $40 billion collapse of the Terra-Luna ecosystem in May, has been reportedly arrested by the local police in Montenegro. According to a tweet by Montenegro’s minister of interior, Filip Adzic, the police apprehended someone suspected of being Kwon at the Podgorica airport, and authorities are waiting for official confirmation of identity. Recall that Kwon was reportedly last seen in Serbia after...

Bitcoin’s impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn’t been tested yet. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 61.8% level of the Fibonacci entrancement level at $19.6K, the price initiated a massive rally with a current high above $28K. However, the bulls couldn’t reach the...

Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets. Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster its engagement to help chart the evolution of the blockchain ecosystem. According to a Press Release shared with Coinspeaker, the Radix funding was led by DWF Labs, one of the biggest...

Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances. Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2023 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his claim. The prominent digital currency has outperformed gold almost tenfold this year and appears set to continue...

The Brazilian supermodel Gisele Bündchen said her financial advisers pushed her into investing in the now-bankrupt exchange FTX, describing it as “a sound and great” opportunity. She and her ex-husband – the NFL legend Tom Brady – are among the numerous people who parted with substantial funds due to their involvement with the former crypto giant. Praying for Justice The massive demise of the cryptocurrency exchange FTX in November last year left multiple investors...

Canada is cracking down on crypto trading and tightening its rules due to the FTX financial collapse. The country is allegedly trying to do all it can to protect investors and ensure nothing like the exchange’s debacle can affect people within its borders. Canada Is Fighting Potential Crypto Loopholes The Ontario Securities Commission and securities regulators in Canada are keeping their eyes open and watching any unregulated digital currency exchanges within the...

Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case. Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated. To this end, it filed a motion on Wednesday that would see it recover $460 million in assets for stakeholders. Per the filing, the fund is being recovered from Bahamas-based hedge fund Modulo Capital, which received no less than $475 million from Alameda Research – the...

The banking sector could potentially undergo a much-needed revamp, but until then, investors appear to be scrambling for a safety net. As the traditional financial world is rocked by the Credit Suisse chaos and the failure of a series of US banks, investors have flocked to the largest stablecoin, Tether (USDT). The turmoil has once again helped the controversial asset extend its lead. Tether Market Cap Silicon Valley Bank (SVB), Signature Bank, and Silvergate Capital, once...

Following a signed agreement between SpaceX and NASA, the government agency is considering SpaceX as an emergency return option for the ISS crew.  Elon Musk’s SpaceX is about to receive financial backing from Saudi Arabia and Abu Dhabi investors in a new funding round. This follows an equity funding round in May 2022, which generated about $1.7 billion and reached a $127 billion market worth. At the same time, the company was positioned to be the US most valued startup with more than $125...