Crypto news

[PRESS RELEASE – Dover, DE, USA, June 8th, 2024] The cryptocurrency world welcomes a new and exciting project, ScroogeToken, an innovative token that aims to offer rewards and investment potential. Inspired by the iconic character Scrooge McDuck from Disney, ScroogeToken is designed to offer a unique and efficient user experience. ScroogeToken offers a unique feature that sets it apart from other cryptocurrencies: a daily auto-stake reward. This means that holders of...

TL;DR XRP has been trading around $0.52 recently, but analysts predict a potential rise to $0.70 this summer as the token supposedly nears the end of a long consolidation phase​. While some foresee gains, others predict a possible drop to $0.27. Is It Time for XRP to Shine? Ripple’s XRP is one of the few leading cryptocurrencies that have not experienced a substantial price increase in the past few weeks. It has consolidated around the $0.5 mark, while its market cap has...

Binance Executive Tigran Gambaryan has been held captive in a Nigerian prison since February. A group of over 100 ex-US prosecutors are demanding the government to step up to free him. Gambaryan, Binance’s Compliance Head, was arrested in Nigeria along with his colleague Nadeem Anjanwalla after their meeting with government officials went awry. Anjanwalla managed to escape prison and flee the country, but Gambaryan remains arrested. Nigerian officials detained both executives on false...

Marathon Digital, the largest Bitcoin mining outfit, sold 63% of the 616 bitcoins mined in May, amounting to 390 bitcoins. Its balance sheets revealed $290.4 million worth of cash and cash equivalents by the end of the month. Marathon’s 616 bitcoins generated was a massive difference compared to other mining companies, as CleanSpark followed it with 417 bitcoins and Riot Platforms with 215 bitcoins. CleanSpark only sold 2.43 bitcoins and Riot none. The Bitcoin halving is pushing miners...

Riot shares experienced a recovery on June 5 following a report from short seller Kerrisdale Capital. The paper, released just before the Nasdaq opened, accused Riot of mismanagement and predicted the firm’s impending collapse, stating that Bitcoin miners are selling “snake oil.” Kerrisdale ‘Declares War’ on Bitcoin Miners Kerrisdale’s June 5 report said that RIOT was more proficient in “playing energy arbitrage games and issuing stock” than generating value for shareholders...

altFINS is a platform designed to help crypto traders find trading ideas by providing various tools and insights to make informed trading decisions.  Among its features, altFINS system automatically detects 26 types of chart patterns, which are graphical representations of historical price movements that traders use to predict future price movements.  Here’s what you need to know about altFINS AI chart patterns: Pattern Recognition: altFINS utilizes advanced algorithms to identify...

The popular on-chain sleuth highlighted in his Telegram channel the latest fraudulent activity that involved an early investor in the Solana-based meme coin – ANDY. It’s also worth noting that Pepe’s best friend’s price has plummeted by more than 20% in the past day alone. ZachXBT Investigation of ANDY DrainerAs the graph above demonstrates, the exploiter drained approximately $2 million worth of meme coins on Friday in several transactions. They began swapping half of the...

In den letzten Jahren hat der Kryptowährungsmarkt enorme Aufmerksamkeit und Investitionen auf sich gezogen. Bitcoin, Ethereum und andere digitale Währungen haben beeindruckende Höhen erreicht und dabei einige frühe Investoren reich gemacht. Doch die Frage, die sich viele stellen: Ist der Zug mittlerweile abgefahren? Lohnt es sich noch, in Kryptowährungen zu investieren? Historische Volatilität und aktuelle Trends Die Geschichte der Kryptowährungen ist geprägt von extremer...

History doesn’t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks. In this case, bitcoin and the rest of the market dropped hard on Friday evening, similar to the events from the previous one. BTC’s Friday Drop It was last Friday when the primary cryptocurrency tested $69,000 but failed and the subsequent rejection pushed it south by over two grand. The weekend was quite uneventful as the asset had...

TL;DR Ripple and the SEC have been in a significant dispute involving key witness testimony from Andrea Fox. The entities have also clashed over the sealing of certain financial documents, with the regulator viewing this data as critical to the case. The Clash Over Key Testimony The infamous legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. Back then, the regulator accused the firm of raising over $1.3...