Crypto news

ADA price failed to surpass the $0.400 resistance and declined against the US Dollar. The price is now trading below $0.400 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.320 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.315 support zone. Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price started a fresh decline from the $1,650 zone against the US Dollar. ETH price is now trading below $1,400 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,280 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,300 resistance zone. Ethereum price is struggling below $1,400 against the US Dollar. ETH/USD remains at a risk of more losses if there...

Kris Marszalek – CEO of CryptoCom – said his company has a stable balance sheet that presents no risk to customers. He also vowed to disclose an audited proof of reserves in the following weeks and assured the firm has not engaged in any “irresponsible lending products.” CryptoCom’s boss Kris Marszalek took part in a live-streaming YouTube address where he answered multiple questions regarding his firm’s status. Despite the recent accusations, he guaranteed that the platform...

On Nov. 13, the Kraken exchange announced that it has been in contact with law enforcement regarding the accounts held by the bankrupt FTX group. It added that it had frozen any accounts linked to FTX, Alameda, and its executives to protect their creditors. Kraken said that its own clients are not affected, and the exchange maintains full reserves. The exchange is ranked nineteenth largest by 24-hour volume, according to CoinGecko. Kraken has spoken with law enforcement...

[PR – Seoul, South Korea, 14th November, 2022, Chainwire] ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage. As of the FATF guidance on verifying the originator and beneficiary information on virtual asset transactions, knowing the identities of the crypto wallet holders have been...

[PR – Geneva, Switzerland, 14th November, 2022, Chainwire] The TRON Grand Hackathon 2022 Season 3 submission period came to a close on Monday, November 14, with more than 1000 registered to participate. TRON DAO and BitTorrent Chain (BTTC) have an exciting lineup of 50+ partners and judges for Season 3. This innovation event draws together crypto’s most prestigious institutions to offer their expert opinions on which project will most accelerate the growth of the TRON...

Net exchange outflows have soared in the wake of FTX’s bankruptcy, inciting crypto holders everywhere to look after their own digital assets.  Data from on-chain analysis firm CryptoQuant shows that over $8 billion in crypto has flowed off of centralized exchanges since November 6th – when worries about FTX’s solvency began to propagate. Since Binance CEO Changpeng Zhao’s worrying statements about FTX last week, $3.7 billion worth of Bitcoin has been withdrawn from...

As contagion fears around FTX’s collapse continue to spread, one hedge fund manager has already admitted that his business is virtually ruined. Travis Kling – Chief Investment Officer of Ikigai – said on Monday that the crypto asset management firm lost a “large majority” of its funds on FTX. As explained on Twitter, Ikigai was able to withdraw “very little” of its reserves from holdings from the company when it attempted to do so last Monday. “We’re now stuck alongside...

With Bitcoin having recently touched its lowest price point in 2022, some Bitcoin enthusiasts feel that now is a good time to buy.  One of them is Edward Snowden. The ex-NSA contractor said on Monday that he is feeling the urge to “scale back in” to Bitcoin for “the first time in a while.”  In his statement over Twitter, Snowden attached a Bitcoin price chart marking the last time he had released a similar statement.  At the time, Snowden said he “felt like buying Bitcoin”...

The Royal Bahamas Police Force and Bahamas Securities Commission have launched a criminal investigation into the now-bankrupt crypto exchange giant FTX. The probe follows previous statements from the securities regulator noting potential mishandling of client funds.  Bahamas Regulators VS FTX RBPF spokesperson Chrislyn Skippings announced the probe on Sunday, without offering any details on exactly what crimes were being investigated.  However, the Bahamas Securities...