Crypto news

A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her. Carolyn Hernandez-Taylor Takes a Plea Deal FBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also...

KuCoin’s most recent report focused on the crypto trends in Turkey estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins. The figure was 40% in November 2021, indicating that Turks have shown great interest in employing digital assets as a hedge against inflation in the past few years. The country has been coping with severe economic issues as of late, seeing its national currency plunging to record levels against the US...

Ethereum’s recent market performance has seen an unexpected and sharp rejection from the $1.8K resistance level, triggering a significant downward trend that broke down both the pivotal 100-day and 200-day moving averages. This development is a clear, bearish signal for Ethereum’s mid-term prospects. Technical Analysis By Shayan The Daily Chart Following a notable drop from the critical $1.8K resistance zone, Ethereum’s price dipped below the critical 100-day and 200-day...

After a period of steady price movements, Ripple has finally moved – toward a bearish trajectory. This decline has led to a breakdown below a critical support zone defined by the 200-day moving average. Technical Analysis By Shayan The Daily Chart A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment. The price slipped beneath the crucial 100-day MA at $0.55, reaching the 200-day moving average...

Crypto banking company BCB Group says it’s on the verge of offering instant USD settlements by the end of this year, thus bridging the gap between crypto and fiat even further. BCB Group is Powering Up Crypto and USD Deputy chief executive Noah Sharp commented in a recent interview: We’ve already tested the BLINC network on dollars with some pilot exchanges. We’ve already configured the technology to work for U.S. dollars, and we’re just waiting to enable it on...

A few days ago, the U.S. Court of Appeals for the D.C. Circuit ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into a spot Bitcoin exchange-traded fund (ETF). This caused an uproar in the community as crypto assets, including bitcoin (BTC), surged...

After several days of enhanced volatility, including a pump and dump for over $2,500 in each direction, BTC has finally calmed on a daily scale and stands close to its familiar ground of around $26,000. Most altcoins are also a lot less volatile now, with UNI being among the few with substantial increases over the past day. BTC Calms at $26K Several weeks of mostly sideways trading came to an abrupt halt on Tuesday when Grayscale recorded a massive court victory over the SEC...

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP) The company said the experiments are part of its wider strategy to ensure secure, global interoperability as new technologies and...

The security services platform that offers protection against Web3 bugs – Immunefi – estimated that hackers and fraudsters have drained approximately $23.4 million worth of digital assets from crypto projects in August. While the figure might sound significant, it is 92% less than the recorded losses in July when wrongdoers siphoned over $320 million. Last Month’s Numbers As analyzed by the platform, the exact losses that crypto projects suffered due to such attacks in August...

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...