Crypto news

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Tron price started a fresh increase from the $0.055 level against the US Dollar. TRX price is now trading above $0.06 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.070 resistance zone. TRON price started a fresh increase above $0.062 against the US Dollar, similar bitcoin. TRX price could rise...

Bitcoin price started a fresh increase above the $24,000 zone against the US Dollar. The price is now trading above $23,000 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $21,950 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if there is a clear move above $25,250 level. Bitcoin price is showing positive signs above $24,000 against the US Dollar....

The United States Department of Justice (DOJ) reportedly launched an investigation against Terraform Labs and its former employees to explore what led to the collapse of the project’s native token – LUNA – and its algorithmic stablecoin – UST. The US SEC recently accused the entity and its co-founder – Do Kwon – of orchestrating a massive fraud, suggesting this could be the main factor behind the catastrophe.  US DOJ Joins the Club According to a Wall Street Journal coverage,...

The Commodity Futures Trading Commission (CFTC) announced the addition of key industry members to the newly constituted Technology Advisory Committee (TAC). The official press release stated that the agency has appointed White House official Carole House as the new chair, while blockchain analysis company TRM Labs’ Ari Redboard has been onboarded as the vice chair of its Technology Advisory Committee. Committee Members The Technology Advisory Committee will be joined by...

Omniscia, the auditing partner of Euler Finance, has released a post-mortem report on the same which stated that the vulnerability that was exploited by the malicious hackers originated from the decentralized finance lending protocol’s incorrect donation mechanism that failed to account for the donator’s debt health. The vulnerable code introduced in eIP-14 brought about several modifications throughout the Euler ecosystem. This enabled the attacker to create an...

Bitcoin soared to a high of $26,514 on Tuesday, up 30% since crashing below $20,000 on Friday. What caused the king of crypto to rebound in such a spectacular fashion? Here are three possible reasons:  Silicon Valley Bank’s Bailout Much of Bitcoin’s price trouble last week stemmed from uncertainty surrounding the crypto industry’s biggest banking partners going bust. Those partners include Silvergate, Signature Bank, and Silicon Valley Bank – the latter of which was seized by...

Blockchain security firm, Halborn has detected several critical and exploitable vulnerabilities impacting more than 280 networks, including Litecoin (LTC) and Zcash (ZEC). Code-named “Rab13s,” this vulnerability has put over $25 billion of digital assets at risk. This was first detected in the Dogecoin network a year ago, which was then fixed by the team behind the premier memecoin. 51% Attacks and Other Issues According to the official blog post, Holborn researchers...