Crypto news

Harmony Protocol, which suffered a hack in June, has shared an update on its recovery plan for the community. The team stated that there would be zero percent minting, at least for now. In an amended recovery proposal published in a Medium blog post on Friday (September 23, 2022), the Harmony team said there are no plans to mint additional ONE tokens, nor would there be a hard fork. The latest development shows a shift from an earlier recovery plan in July, which proposed a...

Not that long ago, the Central African Republic (CAR) – one of the poorest nations on the continent of Africa – announced that it was basically following in the footsteps of the Central American nation of El Salvador (also an extremely impoverished country) and that it was going to run its entire economy on digital currency. Initially, everyone thought this meant bitcoin, though the region eventually turned out its own digital asset called Sango Coin. The Central African...

Faruk Fatih Ozer – the alleged founder of Turkish cryptocurrency exchange Thodex – has been arrested in the European nation of Albania and is now on the verge of being sent back to Turkey where he will face trial for reportedly making off with all the digital assets invested by his company’s clients. The Founder of Thodex Is Heading Back to Turkey Crypto crime involving exchanges has become a big deal in recent years given how unregulated the digital currency space truly...

Voyager Digital’s Chief Financial Officer, Ashwin Prithipaul, is set to exit the company after a transition period to “pursue other opportunities.” The exec joined the company as the CFO in May this year. Voyager’s current Chief Executive Officer, Stephen Ehrlich, will step into the role to assume Prithipaul’s duties in the interim. In addition to a brief stint as a CFO in Drive Digital, Prithipaul also served executive positions at Galaxy Digital, initially as Chief...

Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko.  The price extended to nearly $0.56 on Friday but got quickly rejected. Technical Analysis By Grizzly The Daily Chart The XRP/USDT trading pair reached a key support turned resistance level, for the first time since May 9, on the daily chart. Additionally, the price finally closed a daily candle above the 200-day moving average line...

Virtuzone – a company based in the United Arab Emirates (UAE) that assists with business formations and provides corporate services – has announced it will begin accepting cryptocurrency payments. Virtuzone Says “Yes” to Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in...

The news of Jesse Powell, the CEO of Kraken, stepping down from the position at the cryptocurrency exchange he founded in 2011 is a significant shake-up. The exec recently came under fire for allegedly “fostering a hateful workplace and damaging their mental health,” according to a New York Times feature. But Powell believes the entire fiasco was a “blessing in disguise” and that it turned out positively for the company. Powell’s Comments Post Step Down Despite the market...

Bitcoin price retested the $18K support level Friday. That’s the third time in a week, with the crypto failing to pass resistance at $19.5K twice on the 5-day chart. The crypto exchange price for a piece of the world’s original blockchain currency continues to consolidate at around $19K. That has been the trend for Bitcoin (BTC) over the month of September. Over the six-month chart, year-to-date, and one-year view, bitcoin is deeply in the red. It’s the third prolonged...

The co-founder of Ethereum suggested that two other PoW blockchain protocols could transition to PoS in the near future. He also spoke about the Merge during the 2022 Mainnet blockchain event and gave a brief update about the next step in Ethereum’s development – the Surge. Ethereum made history on September 15, when it became the first large-scale blockchain protocol that successfully transitioned from proof of work to proof of stake. The ramifications of this significant...

The price of bitcoin seems stuck around the $19,000 level for the past few days, and the asset has remained there now as well. Most altcoins are also calmer on a 24-hour scale on Sunday, with Chainlink emerging as today’s top performer. Bitcoin Quiet at $19K Although bitcoin is quite stagnant now, this wasn’t the case earlier this week. The asset had jumped from $18,300 to $20,000 in a day ahead of the US Federal Reserve’s latest interest rate hike, but once the increase of...