Crypto news

A group of miners controlling 70% of the decentralized network PegNet hash rate manipulated the price of a Japanese Yen-pegged stablecoin dubbed pJPY. By submitting false data, they managed to artificially inflate a wallet balance of $11 up to $6.7 million but couldn’t liquidate the assets later. Miners Manipulate A Stablecoin’s Price Built on top of the Factom protocol, PegNet is a decentralized network allowing users to trade stablecoins pegged to fiat currencies, commodities, and other...

Chainlink continued to gain momentum in the channel. In the last seven days, LINK is up more than 15%. Against BTC, price and volume are in contrast, but LINK’s bullish trend remains valid on the 4-hours chart. LINK/USD: Chainlink Recovery Holds In a Five-Week Channel Key Resistance Levels: $3.8, $4, $4.5 Key Support Levels: $3.38, $3, $2.5 LINK/USD. Source: TradingViewChainlink saw a small 4% recovery overnight after witnessing a 3-day drop from $3.8 (on April 18) to $3.38 yesterday. This...

A Texas federal judge has issued bench warrants for the arrest of a former Washington state senator and his partner after failing to appear for a hearing. The two men, David Schmidt and Robert Dunlap, have been involved in a purported cryptocurrency scam dubbed Meta 1 Coin. The SEC Charges A Crypto Scam On March 20th this year, the Securities and Exchange Commission (SEC) announced that it had obtained an asset freeze and other emergency relief to halt an ongoing securities fraud. Robert...

The S&P 500 lost over 30% in March in a few days of trading. The drop was primarily attributed to the spread of the novel coronavirus (COVID-19) and the effect it had on economies. The index has since recovered and gained more than 500 basis points but is still a long way to go. Now, however, the Bank of America says that the S&P 500 can mark new lows if the current volatility continues for much longer. Volatility Spells Trouble For The S&P 500 According to a recent report, a...

ADA price followed a bullish path above $0.0320, but it faced hurdles near $0.0370 against the US Dollar.It is currently correcting lower and trading below the $0.0350 level.There is a key contracting triangle forming with resistance near $0.0355 on the 4-hours chart (data feed via Kraken).The price could continue to move down if it breaks the $0.0340 support area.Cardano price is currently showing signs of weakness against the US Dollar, similar to bitcoin. ADA price must surpass the $0.0360...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 866. Heute sprechen wir über folgende Themen: Hacker gibt DeFi-Plattform Lendf.Me Krypto-Beute zurück, Niederländische Zentralbank will Führungsrolle bei digitalem Euro & Ripple verklagt Youtube. Vielen Dank an den heutigen Sponsor XBTPROhttps://trade.xbtpro.com/sessions/signup/UlGty_VsZ 1.) Hacker gibt DeFi-Plattform Lendf.Me Krypto-Beute...

De Nederlandsche Bank (DNB), the central bank of the Netherlands, wants to play an essential role in the development and testing of the potential digital Euro. DNB believes that people are using less physical cash, and a central bank digital currency (CBDC) could be a game-changer. DNB On Central Bank Digital Currency The bank published a report regarding the potential usage of CBDCs in today’s economy. According to it, the adoption process could be faster than expected, as people in the...

Bitcoin price started a fresh decline and traded below the $7,000 support against the US Dollar.It is currently showing a few bearish signs below $6,965 and $7,000.There is a key contracting triangle forming with resistance near $7,220 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline further towards the key $6,600 support before it might start a fresh increase.Bitcoin price is struggling to remain in a positive zone above $6,800 against the US Dollar....

Bitcoin has exploded in recent days, jumping all the way to the $7,000 mark for the second time in a month. This is a solid improvement over where it stood just last week, and yet some are predicting that things are about to fizzle out all over again.Bitcoin May Take Another DipThis seems to be a running theme in the bitcoin arena. While BTC does well and many people seem to jump on board, there are others that refuse to see the light. Many still view bitcoin as a failing asset that has yet...

It’s happened again, folks. Another cryptocurrency theft is in the books. This time, the victims are the Uniswap exchange and the Lendf.me lending platform, both of which are reporting combined total losses of more than $25 million.Uniswap and Lendf.me Have Been CompromisedCryptocurrency theft is nothing new, but what’s arguably the most frustrating about stories like these is that while many companies and organizations in the industry are seeking to improve their security protocols, hackers...