Crypto news

EOS price started a fresh increase from the $0.525 support against the US Dollar. The price is now trading above $0.580 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.594 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.6150 and $0.625 resistance levels. EOS price is rising above $0.580 against the US Dollar, like Bitcoin. The price...

Litecoin started a steady increase above $65 against the US Dollar. LTC price is now trading above $66 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $69.75 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $70.80 and $72.00 resistance levels. Litecoin price is showing positive signs above $68 against the US Dollar, similar to Bitcoin. LTC...

Are Hamas terrorists really raising tens of millions of dollars using crypto? Blockchain surveillance experts at Elliptic say the truth is a bit more nuanced. The firm released a blog post on Wednesday dissecting prior claims from the Wall Street Journal about crypto being a major source of financing for the organization, which were later cited by U.S. Congress. Crypto Terrorism: Myth VS Fact In its report earlier this month, the WSJ cited Elliptic in claiming that $130...

TL;DR Robinhood introduces cryptocurrency services in Nevada, covering major digital assets including Bitcoin, Ether, Dogecoin, and Shiba Inu. Dogecoin and Shiba Inu’s prices slightly retrace post-announcement, despite Robinhood’s significant SHIB holdings worth around $250 million. SHIB’s future valuation might be influenced by mass adoption and the development of Shibarium, aiming for faster, cheaper transactions. The American-based financial services company – Robinhood –...

Crypto hardware wallet manufacturer Ledger has rolled out a new feature called Ledger Recover, which allows users to back up their recovery seed phrases. Meanwhile, the initial announcement saw pushback from the crypto community, who criticized the service, with the formal launch still not welcome by users. Ledger Recover Goes Live Ledger announced the launch of its new optional subscription-based seed recovery service on X called Ledger Recover, provided by the blockchain...

Polygon Labs has announced that the POL token upgrade is now live on the Ethereum mainnet. The upgrade to POL has been initiated on the Ethereum mainnet following several months of development, community consultation, and a successful testnet launch. POL Token Upgrade Goes Live Even though POL has been deployed on the mainnet, this does not imply that the token will automatically replace MATIC. Such a transition requires approval through governance processes and will be...

TL;DR Attorney John E Deaton believes Coinbase has over a 50% chance of winning its District Court case against the SEC, with increasing odds at higher court levels. Before suing Coinbase for allegedly trading unregistered securities, the SEC initiated a similar case against Binance. Ripple has achieved several partial wins against the SEC’s claim that XRP was an unregistered security. A conclusive trial is set for April next year. ‘Better Than 50%’ John E Deaton – an...

Founder and CEO of crypto custodian Fortress Trust, Scott Purcell, has stepped down from his position nearly a month after major blockchain firm Ripple canceled its proposed acquisition of the company. Fortress also reportedly reduced its workforce after suffering a previous hack incident. Fortress CEO Leaves Company Scott Purcell has resigned from his CEO position at Fortress, according to Fortune, which said that the former chief confirmed his departure from the company....

The Securities and Exchange Commission (SEC) has announced that it has charged BlackRock, one of the world’s largest investment management firms, for misleading investors by inaccurately describing its investments in the entertainment sector. The agency found that BlackRock failed to disclose certain risks associated with its investments, leading investors to make decisions based on incomplete information. As part of a settlement agreement, the financial behemoth has agreed...

Hayes has always maintained an optimistic outlook on Bitcoin and remains one of the market analysts who believes the best is yet to come for the premier cryptocurrency. He believes  we will see a $1 million price tag for the coin in the long term. Arthur Hayes, the former CEO of BitMEX suggests in a recent blog post titled “The Periphery”,  that a $1 million Bitcoin (BTC) price is still attainable, even in the face of inflation and ongoing wars in Israel and Ukraine. Arthur Hayes on...