Crypto news

Despite being touted by some as the natural continuation of Ethereum, which stayed on proof-of-work, EthereumPoW has had a rocky start. The first few days after the hard fork, it saw multiple technical bugs, while the native cryptocurrency plummeted by 90% in days. As the Ethereum Merge was coming close, Chandler Guo – a popular Chinese miner – proposed a hard fork that will see the creation of EthereumPoW – a duplicate version of the blockchain to continue to be based on...

[PRESS RELEASE – Vilnius, Lithuania, 16th September 2022] Dark Frontiers, a sci-fi MMO developed by Gamestarter, has given one of its most notorious community members access to its pre-alpha release. CryptoSF, an early supporter who had begun to harbor doubts about the project, was allowed to play an early release of the blockchain-powered game. CryptoSF was impressed with what he experienced, noting: “I found the base very attractive and interesting, and the game was smooth...

[PRESS RELEASE – Majuro, Marshall Islands, 16th September, 2022] What’s better than low fees? No fees. Taking the lead among the top exchanges, Gate.io now has ZERO fees on all USD spot market trading pairs. This new fee elimination applies to more than 50 USD spot trading pairs, including mainstream assets like BTC, ETH, and more. USD-pegged stablecoins such as USDC, TUSD, PAX, BUSD, and more can be traded on USD spot pairs without the need for conversion and with no maker...

The Securities and Exchange Commission launched a lawsuit again two advisory companies and their owner for running a Ponzi-like cryptocurrency scheme. The firms operated for over four years and manage to raise nearly $4.4 million. The lawsuit is against Creative Advancement LLC and Edelman Blockchain Advisors LLC as well as their owner – Gabriel Edelman. The allegations claim that Edelman, through his companies, “fraudulently offered and sold securities, using false,...

When it comes to crypto, we’re witnessing a wide array of new elements that have not been witnessed before. We are seeing several companies – from Celsius to Voyager Digital to Three Arrows Capital – filing bankruptcy and taking drastic measures to protect themselves from incoming volatility and other market-based problems, and there’s a lot at stake. Bankruptcy Is Becoming Too Common Situations like these are really bringing the space down. People are now viewing crypto...

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough. Is Celsius Trying to Hide Something? Right now, Hodder is saying that the company and its CEO Alex Mashinsky have not been fully clear or honest about what kind of creditors are owed money, nor have they gone into detail about how much is owed. She...

The Department of Justice (DOJ) of the United States created a unit consisting of over 150 federal prosecutors whose goal will be to combat cryptocurrency-related criminal activities. In addition, the government plans to introduce a set of regulatory frameworks that should aid the development of the local digital asset sector. Earlier this year, the DOJ established another division, called “National Cryptocurrency Enforcement Team” and appointed cybersecurity prosecutor – Eun...

The announcement that the Ripple vs SEC case would soon be settled led to a significant XRP price boost over the last few days. The below chart shows the highest volume traded in XRP since June 30 as a result of buying pressure. Technical Analysis By Grizzly The Daily Chart After bottoming out in June at roughly $0.28, the price of XRP surged by more than 30%. This mini-rally resulted in another attempt to break the key horizontal resistance at $0.4 (in red). However, so far,...

Cryptocurrency is widely touted as a means of helping black Americans gain access to financial opportunities they otherwise wouldn’t have. However, there are a lot of skeptics out there that say crypto is not doing what it claims. Some Black Investors Don’t Think Crypto Does Enough Cryptocurrency is built on the notion of financial freedom. It is widely stated that those who have been cut off by standard banking institutions or similar enterprises can find use through...

After reports emerged indicating that South Korean authorities have issued an arrest warrant for Terra’s co-founder, he finally broke the silence, claiming he is cooperating with several global watchdogs. At the same time, Singaporean police said Kwon is not in the city-state despite multi previous suggestions that he was hiding there. CryptoPotato reported earlier this week when news came out from South Korea that the authorities had issued an arrest warrant against the...