Crypto news

Nathaniel Chastain – former head of product at the NFT marketplace OpenSea – will spend three months in jail after being found guilty of insider trading. Prosecutors maintained that he bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices.  Chastain maintained he was not guilty of the accusations that he conducted wire fraud since the NFTs were not securities or commodities. US District Judge Jesse...

In a move to bring back dollar transactions for US customers, Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, has inked a new partnership deal with crypto payments startup MoonPay. Binance.US, which is in an ongoing legal battle with the Securities and Exchange Commission (SEC), suspended USD deposits for users in the United States following the departure of its banking partners. Binance.US and MoonPay In a blog post on Tuesday (Aug. 22,...

The founder of FTX – Sam Bankman-Fried (SBF) – has reportedly pleaded not guilty in a Manhattan federal court to seven criminal charges in a new indictment. This was his first appearance since his bond was revoked earlier this month, leading to his imprisonment. SBF is expected to spend the days until his trial in MDC Brooklyn: a jail located in New York City notorious for its unpleasant living conditions. The lawyer of the 31-year-old American – Mark Cohen – claimed that his...

On Aug. 22, Balancer Labs stated that it had received a “critical vulnerability report affecting a number of V2 Pools.” The firm went on to warn that it had taken action, but funds may be at risk. “Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk.” Balancer advised users to withdraw from affected liquidity pools immediately. Balancer has received a critical vulnerability report affecting a number of V2 Pools....

Cardano’s founder, Charles Hoskinson, believes the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. During a recent YouTube interview on Corey Costa’s Crypto Coins, Hoskinson pointed out that there has been no enforcement action against ADA so far, and that would not change because the asset was mentioned as a security in a lawsuit against a crypto exchange. SEC is Not Coming After ADA In two recent lawsuits against...

When it comes to crypto crime, a new report issued by blockchain analysis firm Chainalysis shows that there’s good news and bad news. The good news is that such crime is down across the board. About 65 percent down, to be exact. The bad news is that much of the crime in the crypto arena has shifted to ransomware. Chainalysis Report Shows Ransomware Growing 2022 was arguably the worst year on record for crypto. It brought about one of the worst bear markets in...

Bitcoin’s price has recently crashed, losing nearly $5,000 in one day. The following analysis looks at the details behind the crash and how it affects the overall market’s trend. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rejected from the $30K resistance level multiple times in recent months. The last rejection from this level and the 50-day moving average near the same price have initiated a significant drop to the downside. BTC...

Bitcoin plunged below the $26,000 level on Wednesday extending monthly losses to nearly 15% but it has never been more difficult to mine the leading crypto-asset. Despite a severe drawdown in price, Bitcoin’s network fundamentals have largely refrained from following the same trajectory. In fact, Bitcoin’s mining difficulty has reached an all-time high of 55.62 trillion hashes, according to the latest data from CoinWarz. Data suggest that the next difficulty adjustment is...

Blockchain firm Artela has announced it recently garnered more than $6 million in new funding. Among the companies to participate in the round and donate their cash are Seven X Ventures, Dispersion Capital, Amino Capital, Big Brain Holdings, and A&T Capital. The round was led by Shima Capital. Artela Seeks to Build Atop Its Network Founder and CEO Of Artela Jerry Li mentioned in a statement: The seed round marks an important step for Artela, enabling us to...

CoinspeakerPeloton (PTON) Shares Fall 27% Following Sales Loss and Low Subscriber Growth for Fiscal Q4 2023 Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes. Peloton (PTON) Shares Fall 27% Following Sales Loss and Low Subscriber Growth for Fiscal Q4 2023