Crypto news

The United Kingdom’s National Police Chiefs’ Council (NPCC) claims that it’s losing cybercrime experts at 3 to 4 times the rate of the rest of policing. The crypto industry appears to be largely responsible for this, where major firms are poaching these professionals with offers of far greater pay. The Crypto-Cop Migration As Bloomberg reports, both cryptocurrency exchange Coinbase and blockchain intelligence firm Chainalysis are among the companies paying big money to employ...

A crypto system known as Beanstalk has been infiltrated and ultimately lost more than $180 million in reserves. The hack occurred through unusual means in which an attacker used borrowed funds to garner the voting rights necessary to transfer all the money into his (or her) own personal account. Beanstalk Has Lost a Lot of Money On its website, Beanstalk is described as a “decentralized” asset that’s also a stable currency. While Beanstalk itself is the network in which...

Samsung Asset Management – Korea’s largest asset manager – plans to list a blockchain-focused ETF in Hong Kong before July. This is reportedly the first ETF in Asia that will include actual cryptocurrency exposure. Asia’s First Blockchain ETF As reported by the South Korean business newspaper Hankyung, the fund will resemble Amplify’s Transformational Data Sharing ETF (BLOK ETF). The latter invests mainly in cryptocurrency-related companies, such as SilverGate Capital, Galaxy...

Lisa Chen, a Chinese immigrant living in Australia, wired about $20,000 into an overseas bank to invest in what was known as Himalaya Coin or H Coin, which was a new brand of cryptocurrency designed to serve as an anti-Chinese government tool. There Are Red Flags Surrounding H Coin She went so far as to tell all her family and friends about the currency. Chen explained in an interview: I invested and asked all my relatives to invest in H Coin as well. I thought I did the...

Coinbase has unveiled “Coinbase Intelligence,” a set of tools offering crypto compliance solutions for businesses, financial institutions, law enforcement agencies, and all those who are new to digital assets.  “Coinbase Intelligence is our growing suite of products dedicated to crypto compliance that are designed to help secure the crypto economy from bad actors. As part of this suite, we are introducing a new product, Coinbase Know Your Transaction (KYT), and providing an...

Despite a slow down of the recent bearish momentum, the bears still seem to control the market. In other words, bulls are reluctant to push the ETH price higher. Technical Analysis Technical Analysis By Grizzly The Daily Chart ETH is trading above the most important Fibonacci Retracement level on the daily timeframe – the 0.618 level. Buyers have been defending this level for the past five days. However, the thick Ichimoku cloud has prevented ETH from breaking above the...

The Swiss National Bank’s (SNB) Chairman Thomas Jordan revealed that the bank has decided not to have the world’s largest cryptocurrency on its balance sheet. At the same time, though, the organization is mulling over digital currencies to an extent. Bitcoin, Not Yet At the central bank’s annual general meeting on Friday, the Chairman stated that SNB does not believe that Bitcoin meets the requirements of currency reserves in the current perspective. Adding BTC to its balance...

[PRESS RELEASE – Please Read Disclaimer] Ever since the inception of bitcoin over a decade ago, the subsequent entire crypto industry has incurred numerous changes, developments, and ultimately, growth and expansion. The way that it is set up right now is significantly different from what it was at the start of the previous decade. The decentralization that came with blockchain technology, however, went several steps further as it allowed other niches to go through massive...

[PRESS RELEASE – Please Read Disclaimer] Geneva, Switzerland / April 28 / – TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years. TRON has been a long-time proponent of the decentralization of the Internet via blockchain technology. Since completing full decentralization in December 2021, the TRON DAO ecosystem continues to...

Bitcoin cash price started a fresh decline from the $322 resistance against the US Dollar. The price is now trading below the $312 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $308 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $300 support zone in the near term. Bitcoin cash price is struggling below $312 against the US Dollar,...