Crypto news

Australia’s newly-elected Prime Minister – Anthony Albanese – reportedly has three top issues to deal with it as the new leader of the country. These include battling climate change, reducing the cost of living, and imposing comprehensive rules on the cryptocurrency industry. Crypto Included as a top Priority The Australian Labor Party won the government elections and will try to guide the nation through the economically turbulent times ahead. For his part, the leader of the...

Difficult to prove, yet often suspected, insider trading has been a staple practice of dishonest investors ever since the stock markets took off. Over time, regulators like the SEC were founded in order to fight the phenomenon – despite it being an elusive one hard to pin on a perpetrator. This is due to the nature of insider trading, which can be set off by nothing more than a seemingly off-hand comment about a company or other between acquaintances behind closed doors....

Coinbase – one of the largest and most popular crypto exchanges in the world – opened its new non-fungible token (NFT) division to dismal results. The department has been in beta mode since late April and finally opened on May 4, yet experienced little traction. The NFT Coinbase Market Isn’t Doing Well Many are wondering if this is a sign that the NFT market has reached its peak. The NFT space has grown exponentially in recent years and now boasts a market cap exceeding...

The Securities and Exchange Commission (SEC) is hiring several new faces for its agency to examine cryptocurrency activities. These individuals and many others will be tasked with fighting illicit behavior in the space and ensuring all crypto trading occurring within America’s borders is clean and regulated. The SEC Is Looking to Police Crypto Activity Thus far, the SEC says it’s looking to add roughly 20 new positions to its cryptocurrency department. These positions...

Earlier this month, the crypto industry suffered a huge setback after Terra’s algorithmic stablecoin UST depegged from the US dollar and caused LUNA to lose 99.9% of its value. Shortly after the crash, Terraform Labs’ CEO Do Kwon proposed a revival plan for the Terra ecosystem. It centered on forking the current chain, abandoning UST, and creating a new token that will be distributed to investors based on the losses they incurred during the catastrophic event. Do Kwon Shares...

American video game retailer GameStop announced the launch of its digital asset wallet. Following the development, shares of GameStop (GME) rose by more than 2% premarket on Monday to $98.02. It was currently trading at $95.66. GameStop Wallet GameStop’s new self-custodial Ethereum wallet will allow users to store, send, receive and use cryptocurrencies and non-fungible tokens (NFTs) across decentralized apps without having to leave their web browsers, the company said. It is...

Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over? Technical Analysis Technical Analysis By Grizzly The Daily Chart Ethereum is near a critical support level that might hold up the price in the daily timeframe. Moreover, by looking at the RSI 30-day indicator, it is evident that prior bullish legs have occurred when the RSI...

Despite reclaiming the $30,000 mark late last night, bitcoin still closed the weekly candle in the red. Thus, the cryptocurrency extended its negative streak to eight consecutive weeks. 8 in a Row in Red A lot can change in the cryptocurrency space in two months, and it definitely did for bitcoin. The asset stood close to $50,000 at the end of March, and when the community expected a run towards that level, the landscape changed, BTC reversed its trajectory and headed for its...

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous central bankers have criticized the cryptocurrency sector over the past few years. The French politician and the ECB’s...

Paul Chou is the founding CEO of Ledger X, a crypto wallet system. At only 38 years of age, he is one of the most successful crypto entrepreneurs in the space, and he recently sold his company to Sam Bankman-Fried of FTX fame, suggesting the wallet protocols will now become part of this new and growing exchange. Paul Chou Is Building a Universal Cryptocurrency Now, Chou has his sights set on a new crypto project. He’s looking to create a new digital token called...