Crypto news

Ethereum price started a downside correction from the $2,000 zone against the US Dollar. ETH price is now trading above $1,800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,820 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,780 zone. Ethereum price is correcting lower below $1,900 against the US Dollar. ETH/USD could rise again...

The Solana Foundation recently released its first report evaluating the health of the Solana network.  Its initial report digs into key metrics assessing the health of its validator network. These include its total validator count, Nakamoto consensus, and distribution.  Breaking Down the Nodes Per the foundation’s report on Wednesday, Solana currently consists of more than 3400 validators across six continents. Validators are responsible for independently verifying new...

Digital banking platform, Revolut has been awarded authorization by the Cyprus Securities and Exchange Commission (CYSEC) to expand its crypto services across the European Economic Area (EEA). According to a new report, Revolut has become the first entity to be awarded crypto-asset service provider (CASP) from the regulator of the island country. The news comes amidst its ongoing hiring spree despite a lackluster market. Cyprus’ Crypto Authorization With the new...

Israeli authorities have arrested three individuals suspected of defrauding the French state treasury. The undercover investigation was carried out jointly by the Israel police and the Israel Tax Authority over the last few months. Foreign investigative agencies – Europol and the French Police – also cooperated. As per Reuters, the investigators are looking into a potential “large-scale fraud” that they believe was committed against the state treasury in France. The crime,...

Coin Centre – a non-profit crypto policy think tank – is considering a court challenge against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).  The challenge is a response to the OFAC’s recent addition of privacy protocol Tornado Cash to its Specially Designated Nationals And Blocked Persons (SDN) List. Coin Centre has provided extensive legal analysis arguing that this exceeds the office’s statutory authority. Why Was Tornado Sanctioned? Per the think...

Many projects introduce a deflationary mechanism in their tokenomics. For a large part, this is usually done through a so-called token burn. Binance is undoubtedly the most famous industry participant in removing chunks of its native cryptocurrency (Binance Coin – BNB), and the way they do it has changed throughout the five years of its existence. So far, the exchange has burned billions of dollars worth of BNB, pursuing its goal of reducing the token’s total supply by 50%....

It’s hard fork season. Major protocols are undergoing serious upgrades, and Cardano is no exception. The network is en route to an upgrade of its own. In fact, it’s one of the most highly-anticipated hard forks, and it’s designed to boost Cardano’s scalability and overall usability. With many users looking forward to the Vasil hard fork, it’s worth looking into how this might impact ADA. The Vasil Hard Fork Explained To examine its potential impact, it’s necessary to first...

With the bitcoin and crypto spaces in full crash mode, many are wondering when these ugly bear conditions are coming to an end. According to many analysts, there is a light at the end of the tunnel in the sense that bitcoin is likely to top its near-$70,000 all-time high (achieved last November) before we hit 2025. Will Bitcoin Recover Before 2025? Meltem Demirors – the chief strategy officer at Coin Shares – is one of the industry heads offering this sentiment, claiming...

The Singapore High Court on Monday granted crypto exchange Zipmex protection from creditors until December 2. Zipmex had asked the court for bankruptcy protection on July 22 and more time for debt restructuring on August 4. Court Order Affects Thai Investors Zipmex operates in Singapore, Thailand, Indonesia, and Australia. After it halted withdrawals last month, Thai regulators promptly asked for clarification. As per media reports, nearly 20,000 local customers have...

[PRESS RELEASE – Please Read Disclaimer] August 15, 2022– Tigon Mobile, a subsidiary of Longtu Korea, recently revealed Bless Global, the world’s first AAA GameFi MMORPG that combines the Bless IP with P2E (Play to Earn) mechanisms. Bless Global’s pre-registration event begins on August 16, 2022. To participate in the event, players can visit the pre-registration page. A previous Longtu Korea’s GameFi project, Yulgang Global, has been well received by over 5 million users...