Crypto news

Ethereum price is moving lower from the $1,700 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,600 on the 4-hours chart (data feed from Coinbase). The pair could recover, but it is likely to face sellers near the $1,580 resistance zone. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more...

Cathie Wood, Founder and CEO of Ark Invest, continues to be bullish on Coinbase, whose share price is down by nearly 85% from its all-time high of $348.98 on November 12, 2021.   Making the third investment in two months and fourth since November, Ark Invest acquired $9.2 million worth of COIN shares on Friday, media reports asserted.   A Bloomberg report from three months ago said Ark Invest made $56 million worth of Coinbase shares in November 2022 alone. Ark Invest’s COIN...

Circle – the issuer of the world’s second-largest stablecoin, USDC – reportedly warned the New York Department of Financial Services (NYDFS) last Autumn that Binance has been mismanaging its token reserves. This came months before Monday’s announcement that Paxos is ending its relationship with Binance surrounding BUSD, by order of the New York regulator.  Circle’s Private Warning As reported by Bloomberg, USDC alerted the NYDFS to blockchain-based signs that Binance did not...

In a YouTube video shared on their channel, the cybersecurity team at Unciphered demonstrated a critical security vulnerability for the OneKey wallet that they discovered during research. As is customary for the white hat discovery of vulnerabilities, the video was released after it was patched. Lacking Customary Encryption Unciphered, a cybersecurity startup whose main focus is recovering lost crypto for clients who no longer have access to their wallets, presumably...

The popular Canadian rapper – Aubrey Drake Graham (better known as Drake) – won $1,262,000 worth of bitcoin after the Kansas City Chiefs came out victorious on Super Bowl LVII and Patrick Mahomes scored a touchdown. His last year’s bet was also successful, bringing him a profit of $300,000 in BTC. Super Bowl is Immune to ‘Drake’s Curse’ The singer tried his luck on this year’s Super Bowl betting on numerous events. He wagered $700,000 worth of bitcoin on the Kansas City...

Members of the Aave community – a widely used decentralized lending protocol – are mulling a freeze on BUSD after a wave of regulatory pressure against its issuer, Paxos, on Monday. A newly tabled governance proposal would freeze Aave’s BUSD reserve on its Ethereum market beginning in April, only allowing users to burn BUSD tokens for their underlying value.  Abandoning BUSD The proposal in question was tabled by Marc Zeller – an Aave community member and founder of the...

Jacob Blish, the head of business development at Lido DAO, the decentralized autonomous organization behind the largest liquid staking protocol, believes the recent SEC crackdown on crypto staking services could cause new challenges for decentralized finance (DeFi). According to a Bloomberg report, Blish opined that the state of crypto staking in the U.S. depends on the Securities and Exchange Commission’s (SEC) final resolution. SEC Crackdown on Staking Could Affect DeFi...

Two months ago, Live Bitcoin News published an article discussing a new set of crypto regulations that were being unveiled by the state of New Jersey. Now, it appears New Hampshire is looking to follow in the region’s footsteps. Citing the FTX debacle as a massive wakeup call, New Hampshire is now looking to implement laws that will oversee trading and activity surrounding bitcoin and all related digital assets. New Hampshire Is Next to Implement Crypto Laws A new...

The Minister of State for IT Rajeev Chandrasekhar is going against the ideas set forth on crypto by the Reserve Bank of India (RBI). In a recent interview, he claimed that should all crypto-based laws set forth by the country’s present regulators be obeyed by investors and traders alike, all digital currency trading activity should be fine. What Will India Decide? This completely contradicts a recent statement offered by the RBI, which claimed that all digital currencies...

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