Crypto news

Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion.Over 70,000 Investors Defrauded with Gemstone-backed CryptoAccording to the US Department of Justice, 63-year-old Californian Steve Chen and a team of conspirators have masterminded the fraudulent endeavor that remained...

[PRESS RELEASE – Please Read Disclaimer]Singapore, January 12, 2021 — Scalable smart contract platform TomoChain has released details of its forthcoming Zorro upgrade. Set to occur at block 30,915,660, on or around January 22nd, the activation of Zorro will enhance the Proof-of-Stake blockchain with an upgraded EVM.“The arrival of Zorro is an important milestone in our ongoing development,” said TomoChain founder and CEO Long Vuong. “I am confident that the new features and functionalities it...

Bitcoin dropped by almost $11,000 over the past 48 hours as it fell by 25% to reach yesterday’s low at $30,300. After the huge drop, which can also be seen as another Black Monday, the bulls found support at a rising trend line that extends back to the December lows.Since this support was reached at the closing time for yesterday’s candle, Bitcoin had already recovered over 15% from its low, allowing it to close Monday at $35,455.Today, BTC tried to push higher but faced strong resistance...

[PRESS RELEASE – Please Read Disclaimer]Exciting mysteries, Bitcoin treasures, and hidden secret tombs await those who are willing to embark on the 1xBit Gold Hunt Tournament.January 12th, 2021, Limassol, Cyprus – Do you fancy yourself as an explorer with a thirst for exciting adventures and collecting rewards? Do fast-flowing rivers, merciless winds, unbreakable mirage towers of sand, and unexplored dungeons with unknown creatures send a jolt of exhilaration down your spine? If you answered...

Gestern kam es zwischenzeitlich zu einem Selloff, der fast ein Drittel des Höchststandes pulverisierte. Und schnell meldeten sich die Kritiker des BTC, um vom Platzen der Blase zu sprechen. Doch wieder einmal ging Bitcoin gestärkt aus einem großen Selloff hervor. Bitcoin News: Bitcoin verliert 29 Prozent seines WertesAnalysten sehen den gestärkten US-Dollar als Ursache des Absturzes. Das eigentlich bereits beschlossene Stimuluspaket in den USA lässt weiter auf sich warten, so dass der...

ADA price rallied towards the $0.3500 level before correcting lower against the US Dollar.The price is now facing hurdles near $0.3000, but trading above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.2200 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher once it clears the $0.3000 resistance zone in the near term.Cardano price is recovering losses from the $0.2200 support zone against the US Dollar,...

The cryptocurrency trading volumes on PayPal have skyrocketed to a new all-time high yesterday, shattering the previous record. Having also in mind the growing Google searches for bitcoin, Ethereum, and other digital assets, the question remains if retail investors have finally arrived.PayPal Crypto Trading Volume ATHEver since the world’s largest online payment processor announced last year that it will enable cryptocurrency trading on its platform, the community wondered how long it will...

After the severe crash that drove BTC to about $30,000, the cryptocurrency has recovered some losses and reclaimed $36,000. Most alternative coins have also bounced off yesterday’s lows as the market cap looks to reconquer the $1 trillion level.Bitcoin Back Above $36KFollowing the highly positive first ten days of the new year, BTC headed for its worst 24-hour correction since the mid-March 2020 liquidity crisis.The primary cryptocurrency sat near its all-time high of $42,000 before the bears...

Ethereum price declined heavily after trading to a new yearly high at $1,350 against the US Dollar.ETH price is currently trading well above $1,000 and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $920 on the 4-hours chart (data feed from Coinbase).The pair is likely to continue higher if it clears the $1,125 and $1,130 resistance levels in the coming sessions.Ethereum price is recovering nicely from the $920 zone against the US...

It’s quite easy to get caught up in the bitcoin hype. After all, the currency is the face of the digital asset market and presently serves as the largest cryptocurrency by market cap. With its recent jump to roughly $40,000 per unit and the establishment of a new all-time high, it’s hard not to keep our focus and attention on it, but we can’t turn our backs on Ethereum or any of the world’s other high-ranking digital assets, many of which are putting bitcoin’s sudden surges to shame.Ethereum...