Crypto news

The story of the legal battle between Kik  and the SEC seems to be coming to an end. Today, the SEC filed a motion with the Southern District Court of New York to close the case with a $5 million fine. Kik was being sued for issuing and selling unregistered securities through the ICO of its KIN token. The accusation came when the SEC also attempted similar proceedings against TON’s ICO, the Telegram blockchain. However, the agreement with Canada’s Kik is much softer than the...

A new consultation process on blockchain laws is set to begin in Switzerland. Initiated by the country’s Federal Department of Finance, the operation is focused on initiating a blanket ordinance in the local blockchain and distributed ledger technology environment. For Better Laws In Blockchain Industry A number of parties, individuals, and other interested groups are set to be included in the upcoming consultations in the blockchain spectrum. The project is planned to go on...

Bitcoin is back up again. At the time of writing, the price of the world’s number one cryptocurrency by market cap has surged more than $300, and it is now trading for just over $11,700, marking the highest it’s been in several weeks.Bitcoin May Be Facing Some Trouble SoonThe currency has been on a roll ever since October came about, and analysts are excited to see the currency make another attempt at gloriously reaching $12,000. While it’s still a few hundred dollars off the mark, things...

OKEx – one of the largest cryptocurrency exchanges in the world – has been trapped in some legal issues as of late.The Head of OKEx Has Been Taken Into CustodyJust last week, it was reported that the company had suspended all withdrawals, alleging that it had lost access to one of the private keys necessary for maintaining funds and keeping transaction records. However, it is now being alleged that the founder of the exchange was arrested and taken into custody, and that this is the real...

The trial of Alexander Vinnik – the man allegedly responsible for a ransomware system that stole more than $157 million – has begun in Paris.Vinnik Will Now Stand Before a JudgeThe story behind Vinnik and his capture is a strange one. Vinnik was initially part of a cryptocurrency exchange known as BTC-e, which at one point, was one of the world’s largest crypto trading companies.Throughout his time with the trading platform, he served as a technical programmer, though it is said that he...

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[PRESS RELEASE] HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App. Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded,...

August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears. The end of Q3 wasn’t great for Bitcoin traders, but that was expected as September is usually not a profitable month for Bitcoin. In fact, data shows that Bitcoin has lost more in September than in any other month. As expected, the...

Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi was asked about the current state of the financial world and his prediction by the end of the year. He...

XRP/USD – Bulls Remain Inside Symmetrical Triangle Pattern Key Support Levels: $0.237, $0.23, $0.228. Key Resistance Levels: $0.251, $0.261, $0.271. XRP has not been outperforming over the past seven days, but it remains inside the boundaries of a symmetrical triangle. The coin failed to break the upper boundary last week, which caused it to head into the support at the lower boundary. It rebounded at the lower boundary but has struggled to remain above the 100-days EMA at...