Crypto news

Blockchain analysis firm Chainalysis has published a new report suggesting that cybercriminals stationed in Russia have made off with approximately $400 million in stolen digital currency funds. Cybercrime in Russia Is Booming Chainalysis says that much of this money was garnered through extortion and ransomware attacks. The news plays on the idea that crypto crime has grown heavily in recent years, with the blockchain firm stating in recent documents that billions of...

Grayscale – the world’s largest Bitcoin fund – has long had its attempts to become a spot-based Bitcoin ETF denied by the Securities and Exchange Commission (SEC). Investors are now speaking out against this, and have sent roughly 200 letters to the commission in support of the fund’s transition. Grayscale Investors Speak Out As reported by Bloomberg, the SEC received over 170 letters from Grayscale investors in February alone. This followed a public solicitation from the...

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative. Picasso’s NFTs Received Green Light Earlier this year, Picasso’s great-grandson – Florian – hopped on the NFT bandwagon by releasing a collection featuring some of the painter’s renowned...

It has become clear that celebrities haven’t learned a darn thing from Matt Damon and his appearance in a commercial for Crypto.com. The Oscar winner has taken a lot of guff for his participation, and now Larry David – the millionaire television mogul behind “Seinfeld” and “Curb Your Enthusiasm” – is experiencing a similar level of antagonism from social media users after he appeared in the FTX exchange’s most recent ad during the Super Bowl. Larry David Follows in...

One of the oldest and most influential venture capital firms – Sequoia – has become even more active in the cryptocurrency space. In the latest development, it announced a new sub-fund of $500-$600M that will focus primarily on liquid tokens and digital assets. Industry’s Best-In-Class Goes for Crypto Fund The newly unveiled Sequoia Crypto Fund will help the California-based firm to participate more actively in protocols, better support token-only projects, and understand the...

Bitcoin has been treading in volatile waters. Despite the recent price dump, though, the Bitcoin network has hit yet another high, this time, in terms of mining difficulty. Higher Difficulty For Bitcoin Miners According to the latest data from CoinWarz, the Bitcoin difficulty increased by 5% to 27.97 trillion on February 18. In a span of three weeks, the metric went through positive readjustments twice, with the first one reaching 26.64 trillion on January 21. To put things...

More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily every day, and there are now several banks seeking to provide their clients with ways of garnering crypto and adding digital assets to their portfolios. The latest bank to join this list is Valliance, which has chosen Bakkt as the official institutional platform that will grant...

The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able to come to an understanding of how to approach the digital asset sector and what rules to impose on it. The...

Despite the relatively positive technical structure in the short time frame and the early signs for a bullish sentiment in the futures market, the macro factors are still acting as a source of uncertainty. Technical Analysis By: Edris Long-Term Bitcoin’s price is still consolidating above the $40k mark. Last week, it was rejected by the $46k area, making a pullback towards the broken 50-day moving average. The 50-day MA successfully supported the price, pushing it towards the...

[PRESS RELEASE – Please Read Disclaimer] The Binance Smart Chain-based Scrooge Token project has announced the launch of its native SCRG token. The asset has been made available for trading on exchanges starting February 8, 2022. The Scrooge Token was officially made available for trading on the PancakeSwap exchange on February 8, marking the deployment of the asset for use by the broader decentralized community. The SCRG token is designed to be a fair token for all classes...