Crypto news

The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion. The Investigation As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and its notorious CEO – known as LEE – alleged to fundraising without regulatory permission. The authorities blocked the...

Ethereum—the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin—has struck gold over the weekend and has seemingly hit a new all-time high exceeding $3,000 per unit. Ethereum is Trading for More Than $3K Ethereum is arguably one of the biggest and most popular coins around. While it may not have the market value of bitcoin or the size and scope of its predecessor, it is still a very important coin for many reasons, the biggest...

An important education platform has been born in Eastern Europe,  a new online resource that invites Romania to document daily on the digital currency Bitcoin, as well as other cryptocurrencies. crypto.ro was launched in order to provide analysis, current news, legislative information about the new electronic payment system and about decentralized digital currencies that can be used from anywhere in the world. Readers of the platform can already benefit from the...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

We keep seeing examples of big companies getting involved in cryptocurrency. Figures like Michael Saylor of MicroStrategy and Elon Musk of Tesla are packing all their money into the crypto space and getting all that they can out of the world’s number one digital currency, but according to Jerry Klein, the managing director of Treasury Partners, not all the planet’s big companies and financial figures are going nuts for BTC. Jerry Klein: Bitcoin Is Still Too Risky The...

[ Press Release – Los Angeles, United States, 5th May, 2021, Chainwire] dCanvas, the largest collaborative NFT art project, is finally opening its gates to the public. The company will be allocating 256 public release NFTs in its huge community pixel board. Each NFT gives its owner full control over pixel colors at a specific location on the canvas board. Moreover, NFT holders may participate in community-based, NFT-backed art piece creations through an independent DAO,...

Crypto custody firm New York Digital Investment Group said that soon US banks would have the opportunity to buy, hold and sell BTC through their existing accounts. NYDIG also added that it would launch other services such as benefits paid in the cryptocurrency and a new type of bank account, which gives dividends in BTC. Another Step Towards BTC Adoption According to a CNBC report, customers of some banks in the USA will soon have the chance to operate with the first-ever...

XRP/USD – Bulls Defend 20-days MA Key Support Levels: $1.40, $1.25, $1.10.Key Resistance Levels: $1.74, $1.98, $2.10. XRP had surged higher in the final week of April after bouncing from $1.00 to reach $1.74 on the last day of the month. There, it found resistance at a bearish .786 Fib Retracement, which it couldn’t overcome. In the first few days of May, XRP dropped each day until support was found at the 20-days MA yesterday, at around $1.40. The bulls defended this level...

Galaxy Digital Holdings, the cryptocurrency-focused financial services company ran by Michael Novogratz, has agreed to purchase the digital asset custodian BitGo. Both parties commented that the acquisition aims to enhance institutional investors’ crypto experience. Founded in 2013, BitGo is a digital asset trust and security company headquartered in California. In the following eight years, the firm reported it was responsible for 20% of all global BTC transactions, and it...

[PRESS RELEASE – Please Read Disclaimer] Backed by venture capitalist Mark Carnegie of MH Carnegie & Co., in partnership with leading global blockchain expert Sergei Sergienko Marks the entry of traditional finance to the growing asset class of cryptocurrency, blockchain and DeFi Steppingstone to democratise crypto investing with a listed investment vehicle Alternative asset manager MH Carnegie & Co. announced the launch of its first cryptocurrency fund in partnership...