Crypto news

Litecoin started a fresh decline from well above the $60 zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $55 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $58 and $60 levels. Litecoin price is struggling below $58 against the US Dollar, similar to bitcoin. LTC price...

One of the tech giants in Indonesia – PT GoTo Gojek Tokopedia (known as GoTo) – reportedly acquired local cryptocurrency exchange PT Kripto Maksima Koin for 124.84 billion rupiahs ($8.4 million). The firm said that the agreement aligns with its goal to become “a diverse money management hub.” Despite the negative stance displayed by the country’s central bank and some local Islamic organizations, the digital asset sector has become quite popular among Indonesians. According...

Major stablecoin issuer Tether has refuted claims made in an earlier story by the Wall Street Journal (WSJ), stating that the publication discredited the company’s transparency efforts and questioned Tether’s profitability. The USDT issuer is no stranger to controversy, especially regarding questions surrounding its reserves. So far, the company has reduced its exposure to commercial paper holdings by 58%. Tether Planning to Release an Audit Soon In a statement released on...

Bitcoin’s hash rate is recovering fast – and it has the mining difficulty to prove it. The network’s latest difficulty adjustment rose the mathematical bar for mining a block by 9.26% – the largest increase since January. That’s the third adjustment in a row during which network difficulty has risen, despite a bear market that inflicted serious pain on the mining industry.  Bitcoin Remains Secure According to data from BTC.com, Bitcoin’s difficulty recovered to 30.98 trillion...

A woman in Mississippi has been sentenced to ten years in prison after she reportedly paid as much as $10K in bitcoin to a hitman she wanted to hire to kill her ex-husband. 40-year-old Jessica Leeann Sledge pled guilty to the crime last February. Jessica Sledge Heads to Jail Court documentation suggests she intended to hire the assassin between September 21 and November 1 of last year, and that she had used interstate commerce to engage in the transaction. Upon her...

The Albanian authorities arrested Faruk Fatih Ozer – the CEO of the Turkish cryptocurrency exchange Thodex – in the city of Elbasan. Last year, the platform ceased trading and withdrawals, while the 28-year-old executive was rumored to have left Turkey with $2 billion in users’ funds. Despite not managing to detect Ozer’s whereabouts, Turkish law enforcement agents jailed six other individuals connected to the fraud. Two of those were the brother and the sister of the CEO....

Ripple has increased by 4% as the crypto market began to recover over the last two days. One explanation for this can be found in the DXY index reaching a stiff resistance. However, the sentiment across risk-on markets continues to be bearish. Technical Analysis By Grizzly The Weekly Chart The trend structure became bearish after the formation of a lower high and lower low on the daily chart. After failing to push the price above the horizontal resistance at $0.39 (in red),...

Randa Cranford – a 78-year-old grandmother – is the latest victim of a crypto scam, having lost as much as $7,000 in the process. Randa Cranford Lost a Lot of Money The situation began when Cranford received a strange message on her computer screen claiming that something had been compromised and that she should call the number featured on the screen to get things resolved. In an interview, she stated: All of a sudden, these windows flashed up and a message that read,...

The Bitcoin bear market appears to be far from over as the price has dropped to the bulls’ last line of defense before another massive leg down. The short-term and even mid-term price action of Bitcoin could be determined in the next few days. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the recent downtrend was initiated after the price was rejected from the $24K static resistance level. Moreover, it was rejected from the 100-day moving average at...

[PRESS RELEASE – UAE, Dubai, September 1, 2022] Helion Ventures Investment Limited, is set to launch on September 1st, 2022 in Dubai, UAE, and is located in the DIFC. Helion Ventures is a venture capital based in the UAE with a focus on investing in DeFi, early-stage tokens, crypto, blockchain and Fintech technology projects in the region as well as the GCC and Africa. Helion Ventures invests in early-stage tokens and Fintech Blockchain projects, as well planning to offer a...