Crypto news

Bitcoin appears to have endured a solid year thus far. In February, for example, the world’s number one digital currency by market cap hit a six-month high of about $25,000, thus having expanded its price by roughly 50 percent since the end of 2022. For the most part, everything appears to be looking up for BTC, but there are still some detractors that believe the currency is trapped in a bearish pattern. Bitcoin May Not Be In Holly-Jolly Land Yet One such detractor is...

New York Attorney General Leticia James is suing another digital currency company. This time, the alleged “victim” of James’ attacks is Coin Ex, a crypto exchange that is reported to have conducted illegal business within the state. Leticia James and Coin Ex Will Duke It Out in Court It’s believed Coin Ex failed to engage in proper New York registration protocols. Court documents suggest the company persistently engaged in repeated “fraudulent practices” and that it...

The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the majority of the funds stolen from Euler Finance. In two separate transactions, the perpetrator sent back over $100 million worth of ETH to the protocol. CryptoPotato reported the flash loan attack, which took place earlier in March, that saw $198 million worth of USDC, staked ether, wrapped BTC, and DAI siphoned off the DeFi lending protocol....

The trading volumes have gone down during the weekend, resulting in BTC failing to produce any significant moves in either direction. The altcoins have also stalled on a daily scale, while XRP has emerged as one of the best performers for the past seven days. Bitcoin Boring at $27.5K A lot happened in the cryptocurrency industry in the past few weeks, and bitcoin has somewhat expectedly taken a break now. The asset exploded from under $20,000 to over $28,000 during the US...

Animoca Brands has established itself as one of the most prominent investors in NFT, blockchain gaming, and metaverse-focused firms. But its appetite for metaverse appears to have taken a hit. In the latest development, the Hong Kong-based blockchain gaming giant has reportedly reduced the target for its metaverse fund by 20%. The report suggests that the company is scaling down its initiative in response to the volatility in the crypto sector. The fund Animoca Capital, which...

According to a recent Statista report, India’s crypto community could surge to more than 156 million members by the end of the year.  Most people expected to jump on the bandwagon are educated younger individuals with middle-income status who seek alternatives to the shaking banking system. Indians Could Flock to Crypto in the Near Future The survey estimated that over 11% of India’s population will have dived into the cryptocurrency sector by the end of 2023. The country’s...

After a 2-year investigation, Hindenburg concluded Block (previously known as Square) “systematically took advantage of the demographics it claims to be helping.” The report accused the firm of facilitating “fraud against consumers and the government” as well as “avoiding regulation.” It further called Block’s loans and fees to be “predatory” in nature and designed to “mislead investors with inflated metrics.” The US-based short seller said its research involved numerous...

It appears many of the world’s bitcoin units have “gone to sleep” over the past six months. A statement like this is not meant to be taken literally, but it appears there are several units of the world’s number one digital currency that have gone “dormant” in the last half year. $370 Billion in Bitcoin Has Been Dormant What this means is that a good portion of the bitcoin supply hasn’t moved. It hasn’t taken part in transactions, it hasn’t changed wallets, nothing has...

Scammers adapt better than we can imagine and change depending on the market situation. This revelation was made in a recently hosted webinar by prominent blockchain analytics firm Chainalysis wherein it gauged crime trends in the industry market during the crypto winter. The data gathered by the firm revealed how scammers adapted to the developments and volatility of the crypto market. Not all scams behaved the same way in the context of the bear market. This time around, it...

Bitcoin has been having a very good year in 2023. The currency is up 50 percent since the end of 2022, and it looks like it’s going to be enjoying at least another few solid months in the coming future thanks to leniency from China. China Is Stepping Back Into the Crypto Picture For the most part, China has always been a big player in the bitcoin and crypto communities. The country once accounted for close to three quarters of the world’s bitcoin and crypto mining...