Crypto news

Bitcoin failed again at overcoming $40,000 and has returned to even below $39,000. The majority of the altcoins are also in the red once more, but ApeCoin continues to defy the odds ahead of its highly-anticipated Otherside sale. Bitcoin Struggles Below $40K On April 25, bitcoin initiated an impressive leg up, adding nearly $3,000 in hours. Consequently, the asset spiked to almost $41,000 after its recent nosedives. However, this price increase was short-lived as the bears...

Ravi Menon – the head of the Monetary Authority of Singapore (the country’s central bank) – said the nation’s crypto regulations will include a “stringent” licensing process. He believes strict rules could reshape the city-state as a global digital asset hub. MAS Seeks the Balance on Crypto Regulations Despite its rapidly-growing popularity in the last several years, the cryptocurrency sector remains a risky field for retail investors. That is what Ravi Menon – Managing...

The United States Department of Justice (DOJ) has indicted 44-year-old Japheth Dillman, the founder of Block Bits Fund, for misleading investors into committing a total of $960,000 to a false arbitrage autotrader. DOJ Indicts Block Bits Founder Block Bits Fund was founded in 2017 during the ICO era. The company presented itself as a fund dedicated to cryptocurrencies, Initial Coin Offerings (ICOs), and blockchain technology. It promised investors high returns from the profit...

India is still having a tough time deciding if it wants to allow crypto in its future or not. One of the people casting doubt on whether digital currencies have a space in the later years of India is Union Finance Minister Nirmala Sitharaman, who last Monday explained in an interview that money laundering is a big concern amongst her constituents. India Is Worried about Crypto Money Laundering She believes that money laundering and other illicit crimes are too big to...

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...