Crypto news

11 mid-sized cryptocurrency trading venues in South Korea will reportedly cease their operations after the country’s watchdog identified that they operate their businesses illegally. The names of the exchanges remained undisclosed. Chain of Reaction in South Korea According to a recent report by The Korea Held, 11 mid-sized cryptocurrency platforms will soon shut down as the Financial Services Commission established that they run their operations without the needed...

Few experienced analysts would argue that Decentralized Finance (DeFi) has lately been on a rocky path. Unstable rates, numerous marketplace adjustments, and creative destruction are weeding out the weakest participants in the sector while strengthening the leadership of intellectuals. Furthermore, KICK.IO, a decentralized fundraising platform based on the Cardano Network, has seen a great opportunity during the chaos. Although Ethereum, the DeFi industry’s behemoth,...

Stellar lumen price started a decent increase above the $0.2500 resistance against the US Dollar. XLM price is now trading above $0.2500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.2700 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase if there is a break above the $0.2850 resistance. Stellar lumen price is showing positive signs above $0.2500 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7000 against the US dollar. The price is now trading well above the $0.6500 resistance and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.7000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise if it clears the $0.7500 and $0.7650 resistance levels. Ripple price is trading in a positive zone above $0.7000 against...

Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price. What’s Supposedly Going on With Tether and the DOJ? The Justice Department is reportedly seeking to determine the extent of U.S. banks’ knowledge of Tether Limited’s business and the prolific use of its...

It’s happened again, folks. Another major cryptocurrency scam is in the books, and a man simply going by the name of “Joseph” is the 70-year-old victim sadly paying the price. Joseph Has Lost Some Serious Dough Joseph ran his own business for many years and saved up a lot of money for his retirement. At 70 years of age, he was looking to the days where he could kick back and possibly purchase a mortgage-free bungalow that would allow him and his wife to enjoy their...

Everyone who’s even remotely interested in investing and trading is definitely aware of the GameStop saga. It was an event that shook the financial community to an extent that we hadn’t seen before. It all started on a subreddit called WallStreetBets, which went on to become one of the most popular subreddits out there, harboring over 10 million users. CryptoPotato had the pleasure of talking to its Founder – Jaime Rogozinski. In this interview, we talk about WSB’s past,...

Idan Abada is a man who lives in Los Angeles. Getting into bitcoin a few years back, Abada has made a real name for himself in the mining sector of the crypto space, though the circumstances surrounding his situation are quite unique. Idan Abada Is Running a Successful – and Simple – Mining Rig Normally, we hear of people running mining rigs that consist of many machines. They are all lined up in rows in a large warehouse somewhere as they work tirelessly to extract new...

Gabriel Makhlouf – the Central Bank of Ireland Governor – believes cryptocurrencies could negatively impact the European financial stability. He also stated that the Eurozone is very close to launching its own CBDC, indicating that “it’s not a question of if but rather how and when.” Are Digital Assets a Threat to The EU? In a recent blog post, CBI’s Governor Gabriel Makhlouf spoke rather contradictory about virtual currencies and their function. The top banker warned that...

Dash – which stands for “digital cash” – is a cryptocurrency that has really seen its horizons grow over the past several years. The asset presently has a new payment app that allows people to make everyday purchases. It is presently supported by more than 155,000 stores and retailers all over the world, along with 125 separate online retailers, making it far more prominent as a payment currency than BTC. Dash Is Becoming a Major Payment Currency At the time of writing,...