Crypto news

Stellar lumen price started a fresh increase above the $0.1200 resistance zone against the US Dollar. XLM price is now trading above $0.1200 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1240 and $0.1200 support levels. Stellar lumen price is trading above $0.1200 against the US Dollar, similar to bitcoin....

INTERNET CITY, DUBAI, Oct. 8, 2022 – LBank Exchange, a global digital asset trading platform, has listed CryptoLand (CLAND) on October 7, 2022. For all users of LBank Exchange, the CLAND/USDT trading pair is now officially available for trading. Combining real estate and blockchain technology, CryptoLand (CLAND) creates an ecosystem for real estate knowledge and information sharing and various auction information sharing that anyone can participate in anytime, anywhere....

Company founders Ola Muse and Karthik Kalyanaraman left Coinbase in August. It only took them two months to raise and close the seed round, which was led by Redpoint Ventures with participation from Mysten Labs and Howard University. Their firm, Scale3, is an infrastructure startup that focuses on supporting blockchain node operators. Node operation is a complex process that needs highly technical support and rapid response when problems arise. As the Web 3 infrastructure...

The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the amount of cryptocurrency equaled nearly $22 million. Prison Time for the Criminal According to a recent announcement, Vachon-Desjardins was involved in a sophisticated type of ransomware known as NetWalker. The malicious software targeted victims all over the globe, including...

Brazil’s Federal Police reportedly halted the operations of a criminal gang led by the businessman Francisco Valdevino da Silva, a.k.a “Bitcoin Sheikh.” The authorities claimed that the wrongdoers defrauded thousands of people in the past few years and laundered up to 4 billion Brazilian reals ($766 million). Another Crypto Ponzi Scheme in Brazil GloboNews revealed that Brazilian law enforcement agents raided the address of da Silva and many of his partners on suspicion that...

Winning awards and getting recognition is always nice, and for crypto companies – who rarely receive either one – the situation is even stronger given how miniscule the praise they get can sometimes be. That’s where WealthManagement.com has come into play, and it recently offered a big award to Flourish, a platform that seeks to provide innovative access to digital currencies and related products. Flourish Has Won a Huge Award The award that Flourish received was for...

It looks like there are plenty of banks out there that want to thin the line between themselves and crypto. They have digital currency plans in the mix and they’re ready to act on them, but the Securities and Exchange Commission (SEC) is allegedly getting in the way. The SEC Is Back to Its Old Tricks The SEC has recently released new accounting guidance that has made crypto development much harder on the side of traditional finance. According to the new rules, any bank...

Despite starting on a promising note, the global macroeconomic environment influenced and adversely impacted the crypto market, which sustained several damaging corrections. The same could be said for the NFT market. However, new data suggest that the NFT business continues to be in great demand. High Demand for NFTs In Q3, the NFT trading volume climbed to $2.71 billion and was down by 67% from the previous quarter. But there has been an 8.3% increase in the sales count from...

The Merge was a big event that everyone thought was going to bring about huge change for Ethereum and all its crypto cousins. The currency’s switch from proof of work (PoW) to proof of stake (PoS) was covered heavily by media sources, and there was even a countdown to the event on Google. Ethereum Appears to Be Dropping Now that the event is complete, what can we say is all that different? Sure, not that much time has passed. These things need necessary windows to show...

Brian Roberts, who joined OpenSea after working at Lyft, Walmart, and Microsoft, said he is leaving the company just ten months after joining it. This is the latest example of cryptocurrency executives stepping down amid the ongoing bear market. OpenSea CFO Joins the Departure List As last year’s bull market was raging on and NFTs had taken the main stage, OpenSea became the go-to place for everyone who wanted to get involved with these types of digital assets. Consequently,...