Crypto news

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A violent crime in Jeju City, South Korea, has highlighted the dangers of cryptocurrency transactions conducted in unregulated settings. A Chinese man in his 30s was found dead in a luxury hotel room on February 24 after suffering multiple stab wounds. Authorities believe the murder was linked to a crypto transaction gone wrong. Four Arrested After Deadly Hotel Attack According to a report by the Korean news agency, The Chosun Daily, the victim had gone to the hotel to...

Story Highlights CZ proposes new token release model to prevent oversupply. Only 10% of tokens unlocked initially for project development. CZ clarifies: This is just an idea, not a new token launch. Changpeng Zhao (CZ), the former CEO of Binance, has proposed a new way to release tokens. He wants to stop excessive new token minting during market price decreases. The initial 10% of tokens are used by him as the starting amount for project development. The remaining tokens should become...

There’s no way to sugarcoat what transpired in the cryptocurrency market in the past week. Take bitcoin, for example. It challenged the $100,000 level on February 21 but slumped by over twenty grand in the following week to dump to a three-month low of $78,000 last Friday, February 28. Although it managed to recover some ground and stood above $83,000 when the month ended, it still made it the worst February in over a decade in terms of price performance. Quite the unexpected...

Story Highlights China warns public about DeepSeek crypto scam targeting investors. Fake DeepSeekCoin circulates in chat groups, causing major financial losses. Scammers create fake DeepSeek websites to trick investors. The Chinese government has warned the public about a major cryptocurrency scam involving the “DeepSeek blockchain project.” The criminal group obtained funds from investors before disappearing from view, according to official sources. This circulation of the fake digital...

TL;DR Donald Trump’s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. XRPUSD. Source: TradingViewThe impact that the US president has on the crypto market cannot be understated. After his landslide win in the elections in November,...

PCE inflation is the core Personal Consumption Expenditures index updated by the US Bureau of Economic Analysis. Financial media outlets often refer to the Bureau of Labor Statistics’ Consumer Price Index (CPI). But, the Federal Reserve favors the PCE for the economic analysis involved in its decision-making process. Inflation in US prices across the core consumer basket rose a modest 0.3% from December to January, just as forecasters expected. Meanwhile, the inflation report...

TL;DR Cardano’s native token is riding the Trump-induced wave like no other, with a massive price surge that pushed it from $0.65 to almost $1 within minutes. This helped it become the eighth-largest cryptocurrency by market cap, surpassing the OG meme coin. ADAUSD. Source: TradingViewCardano’s native token took the recent market-wide crash worse than many tokens, as its price dumped from over $0.82 to under $0.6, which meant a 30% decline within a week or so. It defended the...

US President Donald Trump continues to impact the cryptocurrency markets in a spectacular fashion, and the past hour proved the narrative once again, this time in a positive manner. Although many digital assets headed north after his latest interaction in his own social media, the trio that he named literally exploded. His post relates to the crypto reserve promises that he made during his presidential campaign, which was initially believed to consist only of bitcoin....

Bitcoin’s price has been dropping rapidly over the past few days, making investors worried that the bull market is over. However, there is still hope left, as the market is getting supported in a key area. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been on a steep decline since last week and is yet to recover. Yet, the 200-day moving average, located near the $80K support level, is currently supporting the...