Crypto news

Two men have been sentenced for manipulating the price of Hydrogen Technology’s cryptocurrency, HYDRO, and scheming to defraud investors. This case marks the first time a jury in a federal criminal trial has classified a cryptocurrency as a security and found that price manipulation of cryptocurrency constitutes securities fraud. $300M HYDRO Crypto Fraud Scheme Court documents and trial evidence revealed that Kane, the co-founder and CEO of Hydrogen Technology, and Hampton,...

Bitcoin’s (BTC) market sentiment recently turned to “fear,” the lowest it has been in 18 months! This critical market positioning has raised the alarm in the broader crypto space as crypto investors speculate on Bitcoin’s (BTC) future trajectory and the subsequent impact on altcoins.  Conversely, RCO Finance (RCOF) and Kaspa (RCOF) have shown great potential, generating 582% bullish rally predictions.  Keep reading to learn about the market performance of these cryptocurrencies and how...

Losses from hacks and rug pulls in 2024 year-to-date amount to over $473 million across 108 incidents, according to Immunefi’s latest data. This marks a 20% decrease compared to the same period in 2023, which saw losses of more than $595 million. In May 2024, victims of hacks and fraud lost $52.4 million across 21 incidents, a 12% decrease from May 2023’s losses of almost $60 million and a 28% decrease month over month. The crypto bug bounty platform’s report observed that a...

The first half of 2024 has ended, and on-chain experts have compiled data to determine the profitable sectors so far in the year. According to coverage from independent crypto reporter Colin Wu, memecoins became the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Memecoins Emerges as Most Profitable Wu analyzed the price return rate of the top ten tokens by market cap in each sector using data from CoinGecko by...

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction. The merger comes as CleanSpark expands its foothold over the Bitcoin mining space by acquiring data centers and other miners. This way, the firm gets to channel more power to increase the number of bitcoins it mines and drive up profits by providing processing power to meet the computational requirements of AI companies. It recently acquired...

Analysts at market intelligence platform CryptoQuant have outlined on-chain metrics that could signal that the bitcoin (BTC) price has bottomed and cryptocurrencies are beginning to rally again. The latest weekly CryptoQuant report mentioned signals like higher bullish momentum, rising BTC demand, and faster stablecoin liquidity growth as the metrics to watch. Higher Bullish Momentum CryptoQuant’s Bitcoin Bull-Bear Market Cycle indicator currently signals that the crypto...

It’s been a relatively calm 24 hours in the cryptocurrency market, with the majority of coins failing to gain any notable grounds. The opposite is also true – most of the altcoins trade in a state of equilibrium. While this might oftentimes turn out to be a precursor to a considerable move in either direction, let’s have a closer look at how prices developed in the last day. Bitcoin Price Solidifes at $61K The BTC price was consolidating around $60K yesterday, but the bulls...

Free speech champions across the world celebrated earlier this week as Julian Assange – founder of WikiLeaks – was finally released from a UK prison after five years behind bars. During his more than decade-long legal battle to escape persecution from multiple national governments, Assange often leaned on crypto to drive global fundraising campaigns to secure his freedom. A newly resurfaced video from years before Assange’s arrest shows him praising cryptocurrencies as a...

Coinbase and Stripe will collaborate on bringing on- and off-ramps on both platforms for users wanting to access stablecoins easily. The ramps will let them convert fiat to USDC and vice versa for national currencies from 150 nations. The deal will integrate USDC settlements made from on Base, a quick and cost-effective layer 2 rollup for Ethereum developed by Coinbase. In April, co-founder and President of Stripe, John Collison, announced during the company’s Sessions event that it would...

Thursday night’s political stare-down featured US President Joe Biden and presidential nominee Trump going head-to-head in the first presidential debate on the road to November’s elections. Both participants have their parties backing them as the nominees for the presidential elections. Everyone was glued to the spectacle, from the US and elsewhere, including many from the crypto industry. However, crypto enthusiasts were left disappointed because nothing about the industry was mentioned....