Crypto news

Mike Novogratz and Galaxy Digital have always been there to support bitcoin. There’s no doubt about this, but has bitcoin been able to support them? Following the company’s recent Q2 reports, it appears BTC is abandoning both figures. Mike Novogratz Is Feeling the Burn Galaxy Digital is reporting that it lost more than half a billion in quarter two of 2022, nearly triple its losses for the same period in 2021. The company – which has become so tied to bitcoin – has...

It’s been over 9 months since Bitcoin’s all-time high at $69K in November 2021. The cryptocurrency continues its gruesome downtrend and has yet to show any signs of recovery. The market is currently quiet, but next week’s price action could be key to determining the mid-term future. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating in a tight range between $19,500 and $20,500 over the past few days, showing little intent...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...

Famous American actor and comedian Bill Murray has become the latest victim of hackers, losing $185,000 worth of Ether (ETH) just a few hours after closing his non-fungible token (NFT) charity auction.  According to on-chain data from Etherscan and additional information from Murray’s team, the hackers breached and started to drain the actor’s wallet at around 7:00 p.m. ET on September 1.  Hackers Steal Sick Girl’s Donation The attack occurred after Murray completed the...

It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions. Bitcoin Losing $20K The $20,000 level is one of significant importance. Apart from being a psychological mark, it also contains technical and fundamental support, being the high of the 2017-2018 bull market. With that said, BTC has been flirting...

Leading cryptocurrency exchange Binance has identified two suspects who may be responsible for the theft of $265,000 from decentralized exchange (DEX) protocol KyberSwap in an exploit earlier this week.  Binance CEO Changpeng Zhao (CZ) disclosed the findings on Twitter today, noting that the company has shared the intel with KyberSwap and the appropriate law enforcement agencies.  KyberSwap Suffers Frontend Attack On September 1, the DEX protocol suffered a frontend security...

Several weeks after filing for bankruptcy protection, the troubled cryptocurrency lender, Celsius Network, is seeking court approval to allow a small group of customers to withdraw their digital assets. In a Thursday filing with the United States Bankruptcy Court for the Southern District of New York, the crypto lender motioned for customers’ assets held in its Custody Program and Withhold Accounts to be released to the owners.  Celsius to Release $50M worth of Assets to...

Coinbase – one of the largest and most popular digital currency exchanges in the world – is teaming up with investing giant BlackRock to give its customers the opportunity to trade digital assets. Coinbase and BlackRock Join Hands Joseph Chalom – global head of strategic ecosystem partnerships at BlackRock – explained in a recent interview: Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to...

Citing legal issues it’s facing in some European countries, Singapore-headquartered CryptoCom has backed out of a $495-million sponsorship deal with Union of European Football Association (UEFA) Champions League. Regulatory Issues Behind Scrapping of Deal The cryptocurrency company that offers trading, DeFi, and wallet services, among others, was set to replace Russian oil major Gazprom as the sponsor for the next five seasons, up to 2027. UEFA ditched the deal with Gazprom...

Alexander Vinnik – a Russian national that a few years back, was sentenced to spending five years in a Paris prison for crypto crimes – is being sent from Greece to the United States where he will face trial and possible sentencing for his role in a crypto scam that may have cost investors millions of dollars. Vinnik Is Coming to America Vinnik has been accused of various hacking and extortion schemes. He has also been accused of running a multibillion-dollar crypto...