Crypto news

The California state-chartered bank, Silvergate, is eyeing to secure $461.3 million as per the latest filing with the US Securities and Exchange Commission (SEC) through the sale of 3.31 million of common stock. The proposed maximum offering price per share is $145. Silvergate’s Public Offering The official document revealed that the financial institution had granted the underwriters 30 days to buy over 496.6k additional shares of its common stock. It also estimated the...

Law enforcement agents in Ho Chi Minh City in Vietnam have arrested nearly 60 people involved in what may be the biggest online crypto-based gambling ring in history. Thus far, more than $3.8 billion in crypto-based transactions have occurred at the hands of the organization. Gambling Like This in Vietnam is a Big No-No… The operation occurred in a very hush hush way, with several gamblers involved registering their crypto wallets on a foreign platform known as Remitano...

The central bank of Thailand reportedly urged local financial institutions to stay away from cryptocurrencies citing risks coming from their enhanced volatility. It added that the broad employment of bitcoin and the altcoins could also impact the Bank of Thailand’s ability to monitor the national economy. BoT Against Crypto Trading According to a coverage by The Bangkok Post, the Bank of Thailand (BoT) does not want local banks to be directly involved in digital asset...

Law enforcement in the U.S. has taken back roughly $2.3 million in crypto funds that have been garnered through ransomware attacks. According to legal documents, the crypto was being held by a Russian man named Aleksandr Sikerin, who is believed to be living in St. Petersburg. Ransomware Is Getting Bad Sikerin is slated to be part of a notorious hacking group known as REvil. The organization has cost businesses throughout the world millions of dollars in crypto funds,...

Today, a major hearing took place on Capitol Hill titled “Digital Assets and the Future of Finance: Understanding Innovation in the United States.” It featured top crypto industry CEOs, including Jeremy Allaire, Sam Bankman-Fried, Brian Brooks, and more. Here’s what some of them told financial regulators about the ideal regulatory landscape. North Carolina Rep Patrick McHenry prefaces the hearing by asking how to ensure the crypto industry grows within the United States and...

Bitcoin has endured a terrible plunge. The world’s number one digital currency by market cap – which was trading in the mid-$50,000 range over the past few days – has dropped dramatically and at the time of writing, is selling for just over $49,000, constituting a slip of approximately 17 percent. Bitcoin Has Crashed Again The drop occurred over a 24-hour period, spanning from around Friday morning to early Saturday. The currency has also caused other digital assets to...

Choppy price action and indecisiveness – this is how we can summarize the past couple of days on the cryptocurrency market. In our last BTC price analysis, we examined if whether or not $69K was the cycle’s top following the vicious corrections, and now, we take a closer look into how the market is developing from a technical and on-chain perspective. Options Market Analysis This Friday, December 10, about $946 million worth of bitcoin options contracts will expire in...

INTERNET CITY, DUBAI, Dec. 8, 2021 – LBank Exchange, a global digital asset trading platform, will list 4JNET tokens on December 9, 2021. For all users of LBank Exchange, the 4JNET/USDT trading pair will be officially available for trading at 22:00 (UTC+8) on December 9, 2021. There is no doubt that metaverse is one of the concepts that has drawn the most attention recently, almost everyone is aware of and talking about it. 4JNET token will be listed on LBank Exchange at...

INTERNET CITY, DUBAI, Dec. 8, 2021 – LBank Exchange, a global digital asset trading platform, will list Lovely Inu (LOVELY) token on December 13, 2021. For all users of LBank Exchange, the LOVELY/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on December 13, 2021. Meme tokens have caught a widespread popular attention in crypto world alongside other major projects in recent years. As a meme token built on BSC network, Lovely Inu (LOVELY) is...

Key Support levels: $187, $170 Key Resistance level: $204 SOL managed to find good support on the $187 level, which may provide some hope when it comes to halting the downtrend. The current resistance sits at $204, and it may take longer for SOL to attempt to breach above it. Ever since the cryptocurrency made the all-time high at $260, the price has charted lower lows and lower highs, putting SOL in a clear downtrend. Until this is reversed, the bears remain in control....