Crypto news

The second half of March was relatively bullish for the markets, especially for Ethereum, with only two red daily candles. ETH started the rally when breaking above $2500 and then surged by 25%. Crossing the psychological resistance at $3,000 was an outstanding achievement for the bulls, marking a decent recovery of about 50% of the downtrend since reaching the all-time high. What’s next? The Daily Chart Technical Analysis by Grizzly After crossing the $3K milestone, ETH is...

For the past month or so, many regulators and members of the U.S. government have expressed concern that Vladimir Putin and Russia may be trying to use crypto to avoid recent sanctions. However, at the time of writing, there is no evidence to suggest this is happening. Russia May Not Have Strong Access to Crypto This sentiment comes from Jonathan Levin – co-founder and chief strategy officer at Chainalysis, a blockchain analysis firm – and a panel of alleged experts, who...

Certain users will have to provide additional information when sending cryptocurrencies, said exchange giant Coinbase. In a bid to comply with local regulations, customers in Canada, Japan, and Singapore sending digital assets to another financial institution or exchange will be required to disclose specific information such as the name, address. The official blog post stated, “If you’re located in Canada, Singapore, or Japan and are sending digital assets outside of...

A Nevada woman has entered a guilty plea after being accused of trying to pay a hitman through the dark web with cryptocurrency to murder her ex-husband. Kristy Felkins entered the plea last Thursday and now faces up to ten years in prison. Kristy Felkins Tried to Use Crypto in Murder Scheme Felkins stands accused of coordinating with a criminal organization through the dark web. In exchange for the death of her ex, she was willing to pay the person doing the deed in...

A man in New York has been charged with running a cash-to-Bitcoin money laundering scheme in New York. Among other things, the case also shows the negative bias of law enforcement to crypto. Laundering Money Through Bitcoin According to a recent Bloomberg report, a 42-year-old man called Thomas Spieker was indicted for allegedly running a “cash-to-Bitcoin” money laundering operation in New York. The man was supposedly bragging openly on social media about his doings,...

Residents of a Tennessee town are not too happy with the addition of a bitcoin mining facility that’s allegedly causing heavy noise in the area. The facility was built by Red Dog Technologies, and it’s been stationed in a small area where everyone seems to know one another, and problems are few. Bitcoin Mining Is Creating Too Much Noise for These Residents The noise of the bitcoin mining business allegedly started out as a small hum last spring. From there, it got louder...

The US Justice Department announced that two men have been charged with conspiracy to commit wire fraud and money laundering “in connection with a million-dollar scheme to defraud purchasers of NFTs advertised as Frosties.” The suspects, Ethan Nguyen and Andre Llacuna, were accused of lying about benefits promised to NFTs buyers and withdrawing the cryptocurrency proceeds out of the Frosties account through multiple transactions. Their real-life identities were disclosed...

Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil’s second-largest city said it wants to become the first within the nation’s borders to accept BTC payments for taxes. The report from Bloomberg Linea outlined the announcement from the city of Rio De Janeiro indicating that residents will be able to pay IPTU (Imposto Sobre a...

Bashoswap, a multi-protocol decentralized exchange on Cardano has entered another phase in it’s roadmap. After releasing the white paper some weeks ago and series of development progress in building innovative Decentralized Apps (Apps) on the Cardano network, has kicked off the whitelist for the $Bash Token private sale. Bashoswap aims to build full-featured Cardano decentralized finance products geared to benefit the Cardano ecosystem. While working on this goal, it...

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...