Crypto news

Experts at the Portland division of the Federal Bureau of Investigation (FBI) are telling people what they can do to avoid cryptocurrency scams, which have seemingly become much more prominent and aggressive over the past few years. The FBI Says Crypto Scams Are On the Rise It seems like crypto-based crime has become a serious issue given that the prices of many leading digital currencies such as bitcoin have surged in recent years. Just two months ago, the world’s...

Alexis Ohanian – co-founder of Reddit – recently raised $500 million for his venture capital firm 776 Management LLC. He said that the new funds will primarily be used to “double down” on investment in crypto startups. More Money Towards Crypto As reported by Wall Street Journal, Ohanian showed confidence in the growing entrepreneurial and software activity in crypto. As such, the company has 40% of its current funds in the sector, while the remainder goes towards others like...

History shows that January tends to be a rather negative month for bitcoin in terms of price performance. The 2022 edition didn’t go well either, as it became the third-worst January in the past decade with a near 17% decline. January 2022 Ended With Substantial Retracement Ever since the middle of November, when the entire crypto landscape seemed highly bullish riding the waves of the first-ever Bitcoin futures ETF launching in the US, the market has been in a knockdown...

A large chunk of the bitcoins stolen from the infamous 2016 Bitfinex hack was moved by the hackers to an unknown wallet earlier today. Bitfinex 2016 Hacked Funds on the Move According to data from the live cryptocurrency transactions monitor Whale Alert, the hackers have moved over 64,000 BTC in 21 separate transactions. The first transfer was of 1 BTC, worth $38,750 at the time, perhaps as a test transaction. The hackers then made subsequent transfers of varying amounts. The...

After successfully retesting the $1 key support, Cardano (ADA) appears to prepare a possible breakout from its current price range, if the recent crypto bullish sentiment continues. Key Support levels: $1, $0.92 Key Resistance levels: $1.1, $1.2 ADA’s price has been consolidating between the critical support ($1) and resistance ($1.1) for over a week. The recent price action and technical indicators give hints of a possible breakout off this range. ADA rarely stays for too...

Capitrade launchpad is the first IDO launchpad on Terra Ecosystem. Capitrade launchpad is a fundraising platform for terra Projects which helps to accelerate the growth of early projects. capitrade is designed to leverage DeFi innovations to provide transparent, efficient, and fully decentralized crowdfunding services. $CDE is the utility token that will power the Capitrade ecosystem built on the Terra blockchain. Capitrade IDO Launchpad developers are working tirelessly...

Crypto gains are not as good as they once were. The much-anticipated journey towards a more mature crypto space has been accompanied by a noticeable slide in the previously exponential returns that excited both retail and institutional investors alike. In the current investment climate, the more established tokens are becoming less volatile and the returns from ‘hodling’ are simply not as great as they once were. Naturally, while there is a lot of natural variation in...

ADA price started a consolidation phase above $1.00 against the US Dollar. The price is now trading near $1.05 and the 55 simple moving average (4-hours). There is a major breakout pattern forming with resistance near $1.055 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to stay above the $1.00 zone. Cardano price is gaining pace above $1.02 against the US Dollar, similar to bitcoin. ADA price could start another...

Ethereum price started a fresh increase from the $2,150 zone against the US Dollar. ETH price is now trading above $2,500 and the 55 simple moving average (4-hours). There is a major rising channel forming with support near $2,555 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $2,800 resistance. Ethereum price is showing positive signs above $2,500 against the US Dollar. ETH/USD might rally if there...

Hiromi Yamaoka – the former leader of the Bank of Japan’s financial settlement department – urged the institution to avoid using the digital yen as a part of the country’s monetary policy. He believes the product could severely damage the local economic system. Japan Should Not Aim at Digital Yen Similar to many central banks around the globe, the Bank of Japan has also set its sight towards creating a digital form of its national currency. In April 2021, the organization...