Crypto news

Solana price started a strong increase above the $92.00 resistance against the US Dollar. The price is now trading above $100 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $100 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $105 and $112 to continue higher in the near term. Solana price is trading in a positive zone above $100 against the US Dollar, like...

Bitcoin price is attempting a fresh increase from the $38,500 zone against the US Dollar. The price is now trading above $41,000 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $40,500 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $43,800 resistance zone. Bitcoin price is rising from $38,500 against the US Dollar. BTC might...

DeFi regulation has been a major bone of contention among regulatory watchdogs across the world. A recent paper, authored by Rebecca Rettig, Katja Gilman from Polygon Labs, and Michael Mosier from Arktouros, proposes a strategy to classify truly decentralized DeFi protocols as critical infrastructure. This classification would place them under the oversight of the US Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP). Although the OCCIP isn’t a...

The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that promised investors high returns. A $1.89 Billion Crypto Scam In a press release on Jan. 29, 2024, the DOJ said that Sam Lee, an Australian living in the United Arab Emirates (UAE), and American citizens Rodney Burton and Brenda Chunga, perpetrated the $1.89...

Mark Cuban recently took to X on Monday afternoon for a spontaneous Ask Me Anything (AMA) session with his 8.8 million followers, where he touched on various topics, including crypto-related ones. When asked about his preferred cryptocurrency ventures beyond Bitcoin and Ethereum, Mark Cuban highlighted Polygon and Injective, declaring, “I’ve invested in both (DYOR).” Dallas Mavericks Still Accepts Dogecoin One of the questions touched on Cuban’s support for Dogecoin, with the...

German police officers executed a historic crypto seizure earlier this month, claiming over 50,000 Bitcoin (BTC) from two aged men for copyright law violations over a decade ago. Worth $2.1 billion at today’s price, the action represents the largest ever Bitcoin seizure for German authorities, and one of the largest ever executed by law enforcement throughout the world. Massive Bitcoin Piracy Sting Per a police statement on Tuesday, the investigation included support from the...

The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023 due to several factors, including a massive settlement with U.S. regulators two months ago. According to a tweet from crypto market data provider Kaiko, the market share of the leading trading platform has risen to 49%, up from multi-year lows recorded as the exchange navigated its legal hassles. Binance’s Market Share Rebounds 2023 was...

[PRESS RELEASE – GRAND CAYMAN, Cayman Islands, January 30th, 2024] In the past four months, Sui TVL has jumped by more than 1000%, vaulting the network past Base, Cardano, and Bitcoin in its meteoric DeFi rise Sui, a leading Layer 1 blockchain that was created by the team that led Meta’s Diem crypto project, continued its blistering DeFi growth, surpassing $430M in Total Value Locked (TVL) and moving into the top 10 blockchains by that metric. Alongside this torrid ascent of...

[PRESS RELEASE – New York City, United States, January 30th, 2024] Developers can receive up to $50,000 USDC per project, plus dedicated tech support, introduction to accelerators and investors, marketing support and project consulting. Cartesi (CTSI), an app-specific rollup protocol with a virtual machine that runs Linux distributions, announced today an allocation for $1 million to the Cartesi Grants Program. The program is dedicated to fostering developer talent and...

[PRESS RELEASE – London, United Kingdom, January 30th, 2024] Socrates announces Light of Debate Season 2, highlighting a 5 million SOC airdrop and the launch of new features, including Pop Quiz 1 vs. 100 and Peak Duel, enhancing the platform’s interactive experience. Socrates, the world’s first SocialFi Debate-to-Earn platform, is excited to announce the launch of its Second Phase Community Incentive Airdrop, featuring a remarkable 5 million SOC airdrop. This initiative,...