Crypto news

Amir Bruno Elmaani, famously known in the cryptocurrency world as “Bruno Block” and the founder of the Oyster Protocol has been sentenced to four years in prison for tax offenses amounting to over $5.5 million. The United States Attorney for the Southern District of New York, Damian Williams, announced the verdict, highlighting the severity of Elmaani’s actions that violated both tax laws and investor trust. Conviction of Tax Offenses Elmaani’s conviction stems from a series...

Technical Analysis Bitcoin’s price has recently surged above the key $30K resistance level, following a rebound from the $25K support zone. However, a correction seems probable in the short term. The Daily Chart On the daily chart, the price has broken through the $30K resistance level and has aggressively rallied toward the $35K area. Yet, the price is currently consolidating at the mentioned level, pointing to a potential correction in the coming weeks. Moreover, the...

TL;DR XRP surpassed $0.62, its highest since August, and remains bullish despite a slight drop to around $0.60, with positive market sentiment. Analyst Dark Defender predicts a potential rally to $0.66 by week’s end, with an optimistic long-term forecast of reaching $18.22 if it surpasses the $1.88 Fibonacci level. A more conservative prediction from analyst CrediBull sees XRP potentially rising to $0.90 by the summer of 2024, provided it maintains above the $0.40-$0.50...

TL;DR ADA, Cardano’s token, has seen a 10% weekly increase, with a 23% rise in address activity and a 32% increase in whale transactions, indicating heightened interest and activity. Price projections for ADA vary, with one analyst suggesting a 40% rise due to transaction volume growth, while another is more optimistic, predicting a surge to almost $10 by the end of 2024. The most ambitious prediction comes from a user who believes ADA could reach $30, buoyed by Cardano’s...

The U.S. Securities and Exchange Commission (SEC) is calling for a conclusion to its legal battle with Terraform Labs and its co-founder Do Kwon, calling on a Manhattan judge to deliver summary judgment in the case. In the agency’s view, the evidence “is clear, undisputed and overwhelming,” that the crypto mogul violated securities laws in the distribution of the Terra blockchain’s native cryptocurrency, LUNA, and its now defunct stablecoin TerraUSD (UST). Do Kwon’s Lies,...

In response to a substantial hacking incident on October 31, Unibot, a decentralized trading platform, has confirmed total compensation for users negatively impacted by the event. Despite a recent decrease in the value of Unibot tokens, the company remains confident of a strong recovery. Unibot Makes Traders Full As per reports, the attack led to a loss of approximately $600K, which Unibot has fully covered, incurring a significant cost of $1.78M for the company. The exploit...

Blockchain Expo Global is making its way to London, United Kingdom on November 30th and December 1st, 2023. Save the dates! This Blockchain event serves as a dynamic congregation of cutting-edge technology companies, offering attendees a unique opportunity to explore the latest applications of Web, NFT’s, The Metaverse, Crypto & Digital Assets, Governance and DLT’s. Anticipating an attendance of more than 6,000 passionate participants, this event is poised to...

Coinbase exceeded its revenue projections by reporting $674 million in Q3, surpassing analysts’ earlier estimates. The figure surged by 14.2% year-on-year but was down by 4.8% quarter-on-quarter. During the same period, the San Francisco-based crypto giant generated $288.6 million in transaction revenue and $334.4 million in services and subscription revenue. The net loss, on the other hand, stood at $2 million. Coinbase’s Q3 Earnings Report According to the earnings...

This week has seen a whirlwind of events. Bitcoin’s price seems like the only stable thing in the industry right now, however hilarious that may be. That said, the cryptocurrency is still up throughout the past seven days, but not as much as last week. SBF was found guilty, Solana (SOL) is exploding, and whatnot. A lot happened this week, so let’s dive in. Starting with BTC’s price, the cryptocurrency is trading at slightly below $35K at the time of this writing, marking an...

[PRESS RELEASE – New York, United States of America, November 3rd, 2023] SPACE ID, a pioneering name service protocol in the Web3 ecosystem, is proud to announce the launch of SPACE ID 3.0, a revolutionary upgrade that promises to empower every Web3 community to create their own Top-Level-Domains (TLDs). This visionary initiative has sent ripples of anticipation throughout the Web3 community, with industry leaders and communities like PancakeSwap, Injective, Manta Network,...