Crypto news

Bitcoin cash price started a fresh decline from the $135 zone against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $128 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $128 and $125 support levels. Bitcoin cash price is declining from the $135 zone against the US Dollar, unlike...

The Norwegian police seized nearly 60 million krone ($5.9 million) in cryptocurrencies.  The assets were previously stolen by the notorious North Korean hacking collective – the Lazarus Group – which breached the security of the blockchain-based game Axie Infinity. The Record Seizure Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) confiscated almost $6 million worth of digital currencies, a record-high crypto seizure...

CNBC Anchor Joe Kernen pushed back against Berkshire Hathaway Vice Chairman Charlie Munger’s latest tirade against cryptocurrency on Thursday.  Specifically, the anchor called the billionaire’s assessment of Bitcoin while criticizing his lack of knowledge on the subject.  Munger’s Latest Rant On Wednesday, Munger appeared on CNBC’s Squawk Box where Rebecca Quick asked him to steelman the arguments against his anti-crypto position. After a brief pause, Munger refused to do...

Robinhood’s cryptocurrency trading volume hit $3.7 billion last month, a 95% increase compared to December 2022.  Contrary to the good start of the year, the 2022 bear market took its toll on the firm’s crypto revenue. It also dismissed nearly a third of its total headcount. Starting off on the Right Foot The cryptocurrency market made an impressive comeback during the first month of 2023, with most assets significantly increasing their valuation compared to the end of 2022....

Leading cryptocurrency exchange Binance had “gaps” in regulatory compliance in the first few years after its launch in 2017, the company’s Chief Strategy Officer (CSO) Patrick Hillmann told the Wall Street Journal in an interview. Hillmann revealed that Binance had missteps during the implementation of its security measures, such as the Know-Your-Customer (KYC) protocol and the Anti-Money Laundering (AML) rules designed to combat money laundering activities. Binance Admits...

The Securities and Exchange Commission (SEC) just voted to propose new amendments affecting rules around crypto asset custody in the United States – and commissioner Hester Peirce (aka “Crypto Mom”) is not a fan.  Peirce believes the proposed rules could leave crypto investors more vulnerable to theft and fraud, contrary to their intent.  Crypto Mom’s Criticisms The rule change in question would modify the Commission’s custody rule to “amend certain related recordkeeping and...

The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency. Nigeria is currently facing a shortage of physical cash after the CBN redesigned its banknotes, causing the old bills of the local naira currency to become useless. The policy prompted citizens to flood banks and ATMs to swap their old bills for new ones. Nigeria Limits Cash Withdrawals With the...

The Gemini exchange, which is based in New York and run by Cameron and Tyler Winklevoss of “The Social Network” fame, is laying off another ten percent of its workforce and reducing its headcount by even more people. About 10% of Gemini Workers Are Saying “Bye” This is ultimately the third massive layoff stint the company has performed in the past year or so, though this is only the second one to be fully reported on. In the summer of last year, Gemini really caused a...

Bitcoin’s price exploded following a consolidation and pullback phase. It is currently testing a key resistance level, and its reaction will likely determine the short-term future of the market. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is retesting the $25K resistance level once again after a rejection and bearish pullback several weeks ago. Considering the last day’s candle, bullish momentum seems very high at the moment, and a breakout...

[PRESS RELEASE – Please Read Disclaimer] Shield, the decentralized options protocol, has announced the beta release of Staking Vault, its latest LSD (Liquid Staking Derivatives) product on the Goerli testnet. Staking Vault is a one-stop solution for maximizing staking profits with no minimum staking requirement. Shield uses DeFi composability and adds another layer to the current LSD landscape by amplifying staking yields through exotic options trading, delivering organic...