Bitcoin cash price started a fresh decline below the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $234 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $242 resistance zone. Bitcoin cash price is declining below the $242 zone against the US Dollar,...
Read More »EOS Price Analysis: Bears Aim For $0.65 or Lower
EOS price started a fresh decline from the $0.775 zone against the US Dollar. The price is now trading below $0.725 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.7190 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.720 and $0.740 resistance levels. EOS price is struggling below $0.720 against the US Dollar, unlike...
Read More »Litecoin (LTC) Price Analysis: Risk of More Losses Below $80
Litecoin is showing bearish signs and trading below $90 against the US Dollar. LTC price is now trading below $85 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $83.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $85 resistance zone. Litecoin price is struggling below $85 against the US Dollar, similar to Bitcoin. LTC price...
Read More »South Korean Authorities Arrest Crypto Exchange Chief on Suspected Multi-Million Dollar Fraud Charges
Jinwook Shin, CEO of cryptocurrency exchange Bitsonic, has been apprehended by South Korean law enforcement on August 7th. He is currently being investigated for allegedly embezzling investments and deposits from users of the exchange. According to the report by South Korean news agency Chosun Biz, Shin is being accused of fraudulently manipulating cryptocurrency prices and trading volume on Bitsonic, which led to the misappropriation of approximately 10 billion won ($7.5...
Read More »FTX Clients Sue Law Firm for Aiding SBF’s Alleged Fraud (Report)
A group of customers of the once-prominent cryptocurrency exchange FTX has reportedly filed a lawsuit against the law firm Fenwick & West, insisting that it contributed to the alleged scam orchestrated by Sam Bankman-Fried (SBF) and the subsequent multi-billion losses it brought. The former leader of the exchange has pleaded not guilty to the fraud charges against him. He currently lives with his family, awaiting the trial at the beginning of October, which will...
Read More »XRP Listed on Gemini Following Ripple’s Partial Court Victory
Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account. The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP. In its announcement, Gemini clarified that it would initially only accept XRP deposits, but it is working on enabling XRP-related trading pairs in the coming days. The exchange also asked its users to...
Read More »THE9COMPANY make the partnership with Bithumb Korea subsidiary corporation ROTONDA ‘BURRITO service’.
THE9COMPANY does the strategy partnership with Bithumb Korea subsidiary corporation ROTONDA platform ‘BURRITO’ service. Through this partnership, THE9COMPANY token ‘THE9’ will be stored and managed in the ROTONDA platform ‘BURRITO wallet.’ THE9COMPANYKOREA, which uses the THE9 token, will develop the platform and KIOSK system for using the BURRITO wallet. THE9COMPANYKOREA make various partnership with KT, the Industry of Hitejinro, etc. THE9COMPANYKOREA does...
Read More »Major Crypto Wallets Found Vulnerable To Key Extraction, Fireblocks Warns
Crypto infrastructure giant Fireblocks has publicly revealed security vulnerabilities in the technology used by over a dozen major digital asset wallet providers. If unaddressed, the company warned that attackers could exploit the bugs to steal from millions of customers. The Bitforge Exploits The set of vulnerabilities – collectively referred to as “Bitforge” – apply to popular multi-party-computation (MPC) protocols, including GG-18 , GG-20, and Lindell17. These protocols...
Read More »Blockchain Discussion Focuses on Development Problems in the U.S.
Rob Nelson – the anchor of Roundtable – recently hosted a discussion about the impacts of global offshore blockchain companies. Is Blockchain Underused in America? The discussion primarily centered on the technology itself and on what countries stand to lose if they allow the competition regarding blockchain to become too fierce from other nations. In his opening remarks, Nelson said: Blockchain technology is so transformative. If we lose it, it’s like we’re...
Read More »Drew Pavlou: China was Willing to Pay BTC to Have Me Killed
Did China offer a bitcoin bounty to have an Australian human rights activist killed? That’s the narrative according to Drew Pavlou, the man allegedly at the center of the “digital attack.” Drew Pavlou was on China’s Hit List Pavlou has been advocating for human rights in his native Australia for many years. He always thought he was doing the right thing and that his actions would lead him down a positive, cheerful path, but now, it appears he’s angered some people...
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