Crypto news

Law enforcement has taken three men into custody over what sources are calling the biggest crypto scam in history.The “Biggest” Scam Is in the BooksMatthew Brent Goettsche and Jobadiah Sinclair Weeks from Colorado along with Frank Abel from California have been arrested for initiating a cryptocurrency scam through a fake company called Bit Club Network that may have cheated investors out of $722 million in crypto funds. If the numbers are accurate, Bit Club outdoes the money stolen or lost in...

Justin Sun’s Weibo account got deleted for violating community laws and regulations. Co-founder of Binance, Yi He, was also booted from Chinese social media site. Sun vows to resolve situation as TRX price suffers flash drop. Controversial TRON (TRX) founder Justin Sun had his Weibo account deleted on Thursday, along with the co-founder of Binance, Yi He. The Chinese social media site saw fit to delete both users’ accounts for violating community provisions. The following message now...

On Tuesday, the Mega Millions jackpot sadly didn’t see any winners. At least a few million hopefuls were definitely disappointed that they didn’t get to take the top shot of the lottery. The good news here is that all of these people will have another shot at riches by Friday night. Piling on the good news is that the jackpot has now been increased to $340 million, easily making it the 14th largest prize in the history of the lottery after the name was changed to Mega Millions from The Big...

Ethereum dropped back beneath the $150 level to create a fresh low for December at $140.The cryptocurrency trades strong against BTC as it remains above 0.02 BTC.It has dropped by a steep 22% this month as the bears keep their strong grip on momentum.Key Support & Resistance LevelsETH/USDSupport:  $145, $138.80, $133.50Resistance: $152, $158.60, $165, $170.ETH/BTC:Support: 0.0196 BTC, 0.019 BTC, 0.0184 BTCResistance: 0.020 BTC, 0.021 BTC, 0.0215 BTC, 0.0223 BTCETH/USD: ETH Creates Fresh...

Stocks for popular American auto manufacturer, General Electric (GE) has jumped in response to a bullish rating. In a note to investors, UBS financial services company analyst Markus Mittermaier promoted GE stock from a Hold to Buy rating, also increasing his target estimate by about 26% from $11.50 to $14. In response, on Wednesday, GE stock climbed by about 1% as Mittermaier said in the note that he believes “the stock is at a positive inflection point into 2020.”So far in 2019, GE has...

DigiByte (DGB) founder says TRON (TRX) is a Chinese government scam coin. TRON's presence on Binance's US platform threatens to undermine American lawmakers. Follows past drama between DigiByte and the Binance-TRON cooperative. TRON (TRX) is a Chinese government scam coin, and its listing on Binance US threatens to undermine faith in American lawmakers. That’s according to DigiByte (DGB) founder Jared Tate, as he reacted to Wednesday’s news that Binance US would be listing TRON, along with...

By Dmitriy Gurkovskiy, author of RoboForex Blog.ETH/USD tech analysisETH outplayed the BTC in the new crypto ratingIstanbul hardfork did not influence the ETH priceOn W1, the situation remains the same: the market is forming a descending impulse to the minimum of $80.86. In a longer perspective, the main goal of the predominant trend should be the psychological minimum $10.0.On the MACD and Stochastic, further decline is also confirmed. However, care should be taken on the market and all...

Bitcoin, just as any other asset that’s being traded, goes through different market cycles. As we approach the end of 2019, which is also the end of the current decade, some industry experts seem to believe that right now is a historic time for Bitcoin accumulation.Time To Buy Bitcoin?The current market sentiment doesn’t seem to be very bullish for Bitcoin. The cryptocurrency is trading below major moving averages and is continuously marking lower highs on the charts, which is usually a sign...

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

Nowadays we hear a lot about startups trying to capitalize on the fintech opportunity. One did such a thing now in Mexico by closing on a new sum of funding. What began as a $7.4 million Series A last January now has now grown to $26.4 million in a recent extension of Mexican challenger bank Albo.Led by the U.S.-based Valar Ventures this event can be marked as one of the largest early rounds for a Mexican startup. It seems Albo got its investment from Paypal co-founder Peter Thiel, in the...