Crypto news

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EOS price started a fresh increase above the $1.00 resistance against the US Dollar. The price is now trading above $1.0 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.065 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 $1.12 and $1.15 resistance levels. EOS price is rising above $1.00 against the US Dollar, similar to bitcoin. The price...

Litecoin started a strong increase above $85 against the US Dollar. LTC price is now trading above $82 and the 55 simple moving average (4-hours). There is a connecting bullish trend line forming with support near $88.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $85. Litecoin price is rising steadily above $85 against the US Dollar, similar to bitcoin. LTC price could...

Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be the last 25% of all the Bitcoin purchased by the company during the Crypto Bullrun of 2021. Despite the crypto market crash of the following year and the negative...

The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and others. The company filed for bankruptcy protection at the end of last year but continued mining BTC to repay debtholders. Traditional Finance Firms Flocking to Help According to a court filing seen by Bloomberg, BlackRock and several other high-profile investors lent approximately...

Decentralized cryptocurrency exchange dYdX has postponed plans to unlock nearly $300 million worth of dYdX tokens for investors, extending the lockup period from February until December.  Since the news broke, DYDX has surged by 24% on the day.  Extending the Lock-up Period As announced by dYdX on Wednesday, the dYdX foundation, dYdX trading, and parties to the warrants for purchasing DYDX tokens signed an amendment to extend the transfer restriction schedule of said tokens....

Multiple executives at the South Korean cryptocurrency exchange Bithumb are now beleaguered by charges of embezzlement and market manipulation, according to the South Korean financial outlet InfoMax.  Under these charges, an arrest warrant has been issued for Kang Jong-hyeon, who is thought to be the “actual owner of Bithumb.  Bithumb Executives Under Fire On Wednesday, members of the legal community confirmed that Kang and two of Bithumb’s executives have been sentenced by...

The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going forward.  The company also published its 2022 annual report, in which it wrote about its simultaneously complementary and competitive relationship with cryptocurrencies.  Visa’s Crypto Outlook As explained by CEO Alfred Kelly during a conference call, Visa already has “multiple...