Crypto news

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

ADA price is signaling a bearish bias below the $0.35 support zone against the US Dollar. The price is now trading below $0.320 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.314 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to surpass the $0.320 resistance zone. Cardano price is struggling below $0.32 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is struggling to clear the $1,250 resistance zone against the US Dollar. ETH price is now trading near $1,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,225 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,235 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of more losses if...

A significant outflow of funds belonging to Binance set off alarms in the cryptocurrency community today. According to a Tweet from Whale Alerts, the exchange pulled out more than 127,000 BTC in a single transaction, depositing the coins in an anonymous wallet address. ? ? ? ? ? ? ? ? ? ? 127,351 #BTC (2,062,504,721 USD) transferred from #Binance to unknown wallethttps://t.co/zNYPuJuoRe — Whale Alert (@whale_alert) November 28, 2022 Of course, it was to be expected that,...

The U.S. Office of Foreign Assets Control (OFAC) has made it clear that it will keep imposing fines on cryptocurrency exchanges for alleged violations of the U.S. sanctions system. This time it was the turn of Kraken, one of the oldest crypto exchanges in the U.S. Who will be next? Kraken, a well-known American crypto exchange, agreed to pay a fine of more than $362,000 to the Treasury Department’s Office of Foreign Assets Control (OFAC) for “apparently” violating U.S....

Following Sam Bankman-Frieds’ speedy exit, authorities in the Bahamas began investigating the collapse of the collapsed crypto exchange. One measure taken was to freeze the assets of FTX Digital Markets – the Bahamian subsidiary of the company. Speculation Not Welcome In an address to the nation conducted via Facebook Live, Bahamas Attorney General and Minister of Legal Affairs Ryan Pinder praised the swift actions taken by the local regulators. He also cautioned would-be...

Leading American cryptocurrency exchange Coinbase has on-boarded new executives to lead its expansion plans in Europe, the Middle East, and Africa (EMEA) despite the intense bear market pushing several crypto entities into bankruptcy.   According to the exchange, the appointments are part of its ”Go Broad and Go Deep strategy’ for global expansion, which the company announced in Q3. CryptoPotato reported in July that Coinbase sought regulatory approval from several European...

The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various defi tokens that are competitors to AAVE, such as Compound (COMP) and Curve Finance (CRV). On Sunday, Aave passed a near-unanimous governance vote to disable the markets, with only two votes against, and over 500,000 in favor.  In total, Aave’s frozen market list included the...

Private Twitter data pertaining to 5 million users was reshared in a hacker forum last Thursday after first being leaked in July.  Whereas July’s leak came with a price tag of $30,000, Thursday’s dump was provided for free.  User Private Info Revealed Pompompurin, the owner of the hacking forum HackerOne, confirmed to BleepingComputer over the weekend that his site was responsible for the initial data dump. Back in December, a Twitter API bug was discovered as part of the...

Andre Cronje – the so-called “Vice President of Memes” for the Fantom Foundation – provided an insider’s view into how the company has remained cash-flow positive across the past 4 years.  The developer noted that the foundation would “likely not be operational today” without decentralized finance (DeFi), and suspects the same is true for other firms.  Scaling Over One Cycle As explained in a blog post from Cronje on Sunday, Fantom ended 2018 with a fairly unprofitable ETH...