Crypto news

Smile ist stolz, auch in diesem Jahr Namensgeber der Smile Swiss Influencer Awards zu sein. Am 14. Oktober werden die die kreativsten Creators des Jahres in 10 Disziplinen ausgezeichnet. Im Rahmen der Awards hat Smile die Challenge «Bring die Schweiz zum Lachen» ins Leben gerufen. Die Gewinnerin oder der Gewinner wird mit einem Auftritt im nationalen TV-Spot von Smile belohnt. Die Smile Swiss Influencer Awards finden 2023 zum vierten Mal statt. Der...

Bitcoin price started a fresh decline below the $28,500 level against the US Dollar. The price is now trading below $28,000 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $26,050 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $24,500 and $24,000 levels. Bitcoin price is declining below $28,000 against the US Dollar. BTC might extend losses...

A former Chinese government official, Xiao Yi, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges, and the government has already seized all of his bribes and profits. Illegally Helping A Bitcoin Miner On Tuesday, Yi was specifically convicted of abusing his power by providing financial and electricity subsidies to Jiumu...

Thailand’s Minister of Digital Economy and Society (DES) said he might propose to the court to close Meta (previously known as Facebook) to aid the investing of financial scams, including such involving cryptocurrencies.  According to him, some fraudsters use the social media platform to sponsor their fraudulent schemes and thus con victims. No More Meta for Thais? The Ministry of Digital Economy and Society of Thailand has detected that scammers publish fake ads on popular...

CoinDCX is the latest crypto company to slash staff as it tries to navigate through market challenges. The Coinbase Ventures-backed Indian crypto unicorn cited the prolonged bear market and the impact of TDS on domestic exchanges to lay off 12% of its workforce, or 71, out of its total 590 employees. The development comes after the company went through an internal restructuring earlier this year. CoinDCX Lay Offs Founded by Neeraj Khandelwal and Sumit Gupta in 2018, CoinDCX...

The brutal bear market in crypto has significantly affected the price of AVAX. The latest downturn not just extended its weekly losses beyond 17% but also pushed the crypto asset to a multi-year low of $10.14. As a result, the number of AVAX holders in profit has reached an all-time low. Nearly 99.5% of the investors who own Avalanche’s native token are currently at a loss. According to IntoTheBlock’s latest findings, this isn’t the first time the asset has witnessed similar...

The latest edition of the Bitfinex Alpha report revealed that cryptocurrency traders are bracing themselves for “choppy waters” ahead due to bitcoin’s sudden plunge after a languid period. On-chain data analyzed by researchers at crypto exchange Bitfinex showed a surge and flatline in implied and historical volatility metrics, suggesting that traders have adjusted their strategies in preparation for impending volatility over the next month at least. Choppy Waters Ahead Last...

The U.S. Department of Justice (DOJ) has arrested security engineer Shakeeb Ahmed for engaging in the $9 million theft of an unnamed decentralized crypto exchange (DEX). The DOJ Has a Suspect The DOJ alleges Shakeeb created fake pricing data to generate fees through the exchange, which later allowed him to make ongoing withdrawals. He was arrested in mid-July of this year – approximately 12 months after he took part in the attack – following several days of...

XRP and SHIB whales are inducing ripples in the crypto market, with massive new token purchases igniting speculations of potential price actions in these assets. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor and holder of wallet 0xc684d6c5 purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender. Later, wallet 0xc684d6c5 sent about 4,639,778,173,637 SHIB valued at...

Despite Ripple scoring a win in the ongoing lawsuit with the US Securities and Exchange Commission (SEC), some members of the community believe the legal battle caused damages for the firm and its native token. According to lawyer and founder of CryptoLaw, John Deaton, who also represents thousands of XRP holders, the SEC lawsuit affected potential mass adoption of XRP in the last three years. Counting the Losses John Deaton took to X (formerly Twitter) on August 22 to detail...