Crypto news

Bitboy Crypto’s Ben Armstrong has released an emotional apology video after he was kicked out of the company. His wife, Bethany, accompanied the infamous crypto influencer in the emotional video shared on the BitBoy Crypto YouTube channel. In it, Armstrong acknowledged making mistakes that led to his ouster from the company. Armstrong’s Apology While denying that he had gone back to using hard drugs like cocaine and methamphetamines, Armstrong admitted to taking diet pills...

The prominent American actor Dwayne Johnson (better known as The Rock) and the talk show host Oprah Winfrey launched an initiative focused on helping those displaced by the devastating wildfires in Maui, Hawaii.  The so-called People’s Fund of Maui is available for contributors from all over the globe and accepts donations in cryptocurrencies. Crypto to the Rescue  The Rock took it to X (Twitter) to explain that the fund will put money “directly in the pockets of those who...

Crypto and stock trading platform Robinhood (HOOD) has executed a nine-figure buyback of its own shares from FTX’s former executives, including disgraced boss Sam Bankman-Fried and his fellow co-founder Gary Wang. The purchase secured 55,273,469 HOOD shares worth $605.7 million. Robinhood entered into the purchase agreement with the United States Marshal Service (USMS) on August 30, and closed the transaction the following day. “The Company funded the purchase of the Shares...

Heather Morgan and Ilya Lichtenstein were a couple back in New York last year that tried to launder as much as $4.5 billion in bitcoin stolen from a hack on the Bitfinex crypto exchange that occurred in the year 2016. They were arrested for their roles in the incident in 2022 and now appear all set to plead guilty in the case. Heather and Ilya Are not Going to Fight the Charges News of this first came to light when it was discovered that they were newly charged in...

Despite the recent price swings that bitcoin experienced, including pumps and dumps by $2,000 within just a few days, BTC whales seem undeterred, and their total number has jumped to a local peak of 1,611 (according to Glassnode).  In comparison, those large investors were less than 1,570 in May this year when the valuation of the leading digital asset was predominantly hovering around the $26K-$27K level. According to Glassnode’s analysis, the number of BTC whales has surged...

Ripple’s price shows bearish signs; if the current key support level breaks – the drop could escalate even faster. Technical Analysis By Edris The USDT Paired Chart On the USDT paired chart, the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level. On the other hand, if the price...

After several weeks of lack of any major developments in the crypto industry, the past few days saw an increased number, mostly surrounding the potential launch of a spot Bitcoin ETF in the States. Naturally, this impacted the asset’s price quite a lot. It all started on Tuesday when Grayscale – the largest crypto asset manager – won a court battle against the SEC. A US judge sided with the crypto company and ordered the Securities and Exchange Commission to “vacate” its...

What is the role of EOS in the blockchain and crypto arenas? EOS: Is It as Strong as It Claims to Be? Not long ago, a roundtable was hosted by anchor Rob Nelson, who oversaw a discussion between many key industry players. EOS has often been touted as an “Ethereum killer.” In other words, it’s hyped up to be just as good as Ethereum if not better in some ways, and there are many industry analysts out there who claim it – along with other competing networks like...

The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote buying.  These allegations, made in recent files on Thursday, cast a shadow over GGC’s efforts to wind down its operations and restore funds to...

Bitcoin (BTC) has slid back to the $26,000 price level, where it was before a U.S. court ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). Crypto analytics firm Santiment noted that on-chain data shows that the digital asset has retraced its steps after plenty of push and pull by news of the Grayscale win. BTC Declines After Grayscale Win On Tuesday, the U.S. Court of Appeals for the...