Crypto news

The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 – mainly for business development and operational costs. Expenses Overshadowed by the Treasury Fund According to the report, the Foundation ensured investors that...

2022 has been a rough year thus for crypto investors in the sense that bitcoin and many of its altcoin cousins have had a hard time keeping their prices stable. However, the year has also been difficult because thieves have become so prominent in the space. At the time of writing, it appears crypto thieves have stolen more than $1.2 billion in crypto funds in 2022, and we’re not even at the halfway point. Why Are Thieves So Prominent in the Crypto Industry? Mitchell...

The market is still in shock due to the deep collapse in recent days. Investors are skeptical, and it remains to be seen when the bulls will return to the market. Technical Analysis By Grizzly The Daily Chart The bears were able to push the price down to critical horizontal support at $0.33. This level has played an essential role for XRP since 2019. Source: TradingViewThe sharp upward trend in 2021 occurred after breaking this level. If the bulls can defend it, one can...

After a few weeks of consolidation, Bitcoin was unable to increase and eventually broke to the downside. This resulted in a considerable liquidation cascade and a drop below the critical support level of $30K. Technical Analysis Technical Analysis Shayan The Daily Chart The market has now tapped the resting liquidity below the significant demand zone around $30K, but there are no signs of a reversal yet. Furthermore, the next support level for Bitcoin is $24K-$25K. The RSI...

It’s always disappointing when someone decides bitcoin isn’t any good. No matter how much the world’s number one digital currency has accomplished in the last few years, it seems there will always be doubters, and amongst them are Berkshire Hathaway executives Warren Buffett and his vice chairman Charlie Munger. Warren Buffett Still Hates Bitcoin At a recent shareholder meeting in Omaha, Nebraska, Buffett was quick to strike down bitcoin and comment about how weak it...

The United States Department of Justice (DOJ) has sentenced a 25-year-old Rhode Island cryptocurrency trader, popularly known as Coin Signals, to 42 months in prison for defrauding over 170 people of more than $5 million. Coin Signals Trader Convicted According to an official press release, the convict, Jeremy Spence, had solicited funds from investors via several crypto investment pools, which he ran from November 2017 to April 2019. He created and managed several crypto...

Switzerland is a country that’s doing all it can to aid bitcoin’s reputation. The nation is home to the town of Zug, which hosts what’s known as “Crypto Valley,” a region that takes part of its name from Silicon Valley in northern California. Switzerland Is Doing All It Can for Crypto While the latter is known for housing some of the world’s largest tech companies – such as Facebook, Google, and Microsoft – the former hosts several crypto and blockchain firms that are...

The Chilean central bank withdrew its plans to release a CBDC by the end of 2022, saying it will conduct thorough research and additional analysis on the product before moving to its launch. Digital Peso Should Wait Banco Central de Chile published a report focused on the country’s current monetary network and examined the risks and benefits of issuing a digital version of its national currency. By the looks of it, the central bank is optimistic about such a financial...

Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that details several goals of its native token, CAKE. It garnered a 98.8% majority across 11 million votes in a voting window of a 24-hour period, while opposition accounted for a mere 131K participants. The second iteration of PancakeSwap’s tokenomics roadmap imposes a maximum supply cap of 750 million for the CAKE token. The proposal, which received overwhelming support from the...

Five US states announced plans to take immediate action against a Russian organization allegedly selling fraudulent NFTs to US investors for funding a metaverse casino called Flamingo Casino Club. The authorities required the entity to stop selling such digital assets, accusing it of committing fraud and selling unregistered securities. Fraudulent Claims Securities Regulators from Alabama, Kentucky, New Jersey, Wisconsin, and Texas said that Flamingo Casino Club had solicited...