Crypto news

EOS price started a fresh increase from the $1.08 support against the US Dollar. The price is now trading above $1.15 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $1.22 and $1.232 resistance levels. EOS price is rising above $1.15 against the US Dollar, similar to bitcoin. The...

Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading above $94 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance at $94 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $98 and $100 resistance levels. Litecoin price is showing positive signs above $94 against the US Dollar, similar to bitcoin. LTC...

FTX – the bankrupt crypto exchange founded by Sam Bankman-Fried – appears to have spent millions of dollars purchasing a luxurious castle in the Czech Republic through an obscure non-profit with ties to the “effective altruism” movement. Stemming from a $4.5 million grant to the European Summer Program on Rationality (ESPR), the group spent roughly $3.5 million on the estate.  A Castle for Charity? According to Forbes FTX did not disclose the donation before being closed in...

On March 1, MetaMask announced its latest upgrade, which is a software development kit (SDK) in the Unity Asset Store. It will allow developers to connect their games to the MetaMask wallet, enabling users to interact with Web3-enabled features within the game itself, it stated. The Unity Asset Store is a platform for decentralized gaming assets. It approves third-party gaming solutions to help users and developers manage digital assets and set up smart contracts. The...

The Ohio Division of Securities added its name to the $22.5 million multistate settlement against the cryptocurrency lending platform Nexo.  US regulators previously alleged the firm failed to comply with local requirements when offering Earn Interest Products (EIP). Ohio Joins the Club The watchdog of “the Buckeye State” issued a consent order against Nexo, thus joining other US states that claimed the cryptocurrency firm violated some rules when offering Earn Interest...

LedgerX – cryptocurrency derivatives exchange and a subsidiary of the collapsed giant FTX – will reportedly cease its partnership with Silvergate Bank. It urged users to receive wire transfers via the New York-based Signature Bank. Switching to Another Partner According to a Bloomberg coverage, LedgerX differentiated itself from the embattled financial institution focused on cryptocurrencies – Silvergate Bank. It advised customers to refrain from using it to receive domestic...

Online brokerage firm Robinhood rolled out its crypto wallet app worldwide for IOS users on Wednesday.  The app will support both the Ethereum network and its Layer 2 scaling solution, Polygon – but not Bitcoin.  Robinhood’s Web3 Wallet Per a blog post from Robinhood, the firm’s wallet app has now rolled out to a waitlist of over 1 million users, and has been downloaded in over 130 countries.  For a limited time, users of the app can be rewarded with 1 USDC if they deposit...

Visa’s crypto head dismissed an earlier report from Reuters about the company halting crypto-related launches as inaccurate. Instead, he said Visa will continue to partner with more cryptocurrency firms that can facilitate stablecoin payments, despite the ongoing bear market. Visa Exec Refutes Reuters Report In a tweet thread on Tuesday (Feb. 28, 2023), Cuy Sheffield, head of crypto at Visa, responded to an earlier Reuters report concerning the company, stating that the...

Residents of Colorado have become major targets for crypto criminals according to a new report issued by the Federal Bureau of Investigation (FBI). The FBI Says Many People in Colorado Have Been Targeted The document says that millions of dollars have been stolen from crypto traders and normal, everyday residents in the Centennial State. Many of the scams in question involve stable assets such as Tether and USD Coin (USDC). In a statement, the FBI mentioned: In a common...

Hodlnaut was one of many firms severely impacted by the collapse of FTX last November, even as the first signs of crack date back to at least as early as May when it lost nearly $190 million in the crash of the Terra ecosystem. Despite previously downplaying its exposure, Hodlnaut was forced to halt withdrawals in August and enlist third-party interim managers while simultaneously slashing 80% of its employees as part of its cost-cutting measures. But a new affidavit revealed...