Crypto news

John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed digital currency exchange FTX. John Ray III Has Been Called in to Fix FTX As the new CEO of the now bankrupt digital currency firm, Ray commented that he has never seen such a poorly governed company in all his life, nor has ever witnessed such mismanagement of funds. He...

DeGods and y00ts – have announced their departure from Solana and revealed that they would be migrating to Ethereum and Polygon. The two top NFT projects on Solana anticipate moving to new chains in the first quarter of 2023, according to their respective updates on Twitter. The duo stated, “The details of the bridge will be released when it’s ready & tested. This has never been done before at this scale. We want to make sure that it’s airtight.” Despite a rocky launch in...

Former head of MicroStrategy Michael Saylor recently gave his thoughts and opinions on the digital currency scam surrounding FTX, the now fallen cryptocurrency exchange that was once labeled the ultimate golden player in the space. Michael Saylor on the FTX Collapse His conversation began with the statement that what was happening around FTX was “tragic.” It then transitioned into a discussion of FTT, the native token of the crypto exchange. He said: Since the supply was...

Over the past few weeks, we saw a mini-rally that was initiated at the wedge’s lower boundary (shown below); however, Ethereum’s uptrend was halted by the 50-day moving average line significant resistance level. Since the rejection, ETH has seen consolidation in a very tight range. Another bearish leg might soon start unless the price breaks above $1236. Technical Analysis By Shayan The Daily Chart After a sudden crash below the static support level of $1300, the price has...

DeFi criminals have been observed to cash in on the ‘spirit of giving.’ Decentralized finance protocol Defrost Finance became the latest victim of a flash loan attack on December 23rd that drained funds in the V2. The attacker used the owner key for the second time to exploit V1. According to the Twitter thread by Defrost Finance, the team is currently willing to negotiate with the individuals behind the attack and discuss sharing 20% of the funds in exchange for the bulk of...

Nayib Bukele – the president of El Salvador – has issued a tweet saying he is going to be purchasing at least one bitcoin every day during the present market slump. Right now, BTC is trading in the $16K range, and the nation is looking to take advantage of the collapsing price. El Salvador Clearly Still Loves BTC The maneuver is stirring mixed reactions from analysts, some of whom claim it will ensure El Salvador’s digital dominance when the market repairs itself. They...

With the new week starting, bitcoin’s price has remained stuck around $16,800 and is actually at the same place it was seven days ago. The altcoins are also very quiet, with Litecoin emerging as the only notable gainer from the larger-cap ones. Bitcoin Stays Flat Last week began with a price drop of $16,300, which became BTC’s lowest position in about three weeks. However, the asset recovered its lost ground and returned back to $16,800. The following days were quite calm,...

PeckShield, the blockchain analytics and security company, reported earlier today that some BitKeep wallet users had their funds drained from the platform. According to the current estimations, the total amount stolen is roughly $8 million in various digital assets. After Hacktober, which was the worst month in the crypto industry in terms of hacks and exploits, the attackers seem to be back on the offensive as of now. The latest to fall victim is the BitKeep wallet,...

Stellar lumen price is showing bearish signs below the $0.076 resistance zone against the US Dollar. XLM price is now trading below $0.078 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0780 on the 4-hours chart (data feed via Kraken). The pair could start a major decline if there is a clear move below the $0.0725 support. Stellar lumen price is trading below $0.0760 against the US Dollar, similar to...

Ripple price started a fresh decline below the $0.3900 zone against the US dollar. The price is now trading below $0.3700 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $0.3495 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3600 resistance zone. Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP...