Crypto news

The Securities and Exchange Commission (SEC) is a bully. This is what we’ve been saying for some time. It’s bullying crypto firms into submission whenever it can. It runs after them with an air of persecution and is working hard to ensure they don’t have a financial future in America. The SEC Is Suing So Many Companies However, upon news that the agency is going after big names like Binance and Coinbase, it’s likely the problem travels much deeper. It’s easy to...

Ethereum buyers have been struggling to push the price above the significant resistance region of $2K. Nevertheless, the price is currently navigating a crucial range bounded by that level and the dynamic support provided by the 100-day moving average. Technical Analysis By Shayan The Daily Chart On June 21st, Ethereum managed to surpass the 100-day moving average and continued its prevailing uptrend after a pullback, eventually reaching the critical resistance area at $2K....

After a sudden surge, Ripple’s price has reached a critical resistance region, which represents its previous major swing high formed in late April. However, after such an explosive move, it’s typical for the price to enter into consolidation. Technical Analysis By Shayan The Daily Chart Upon analyzing the daily chart, it becomes evident that Ripple experienced a significant price jump after finding support at the 100-day moving average. However, it now confronts a significant...

Bonds issued by El Salvador, the first country in the world to establish Bitcoin (BTC) as legal tender, are up 60% in value this year – rivaling Bitcoin’s 80% gains. The sudden demand for the country’s national debt represents a massive sentiment shift around its financial position. Yields for El Salvador’s 10-year debt ran as high as 24% just 12 months ago, in line with distressed economies like Ukraine and Argentina. However, the country successfully repaid $800 million of...

Reginald Fowler – age 64 and a former part owner of the Minnesota Vikings football team – has been sentenced to six years in prison for his role in a crypto-related scam. Reginald Fowler Heads to Jail Fowler is alleged to have defrauded the short-lived professional football organization Alliance of American Football. The scam is said to have lost investors as much as $700 million at the time of writing. Originally from Chandler, Arizona, Fowler was found guilty in...

A security outfit led by ethical hackers who specialize in security audits claimed to be offered a $500 bounty by DxSale Network, a decentralized token launchpad, after informing the platform of a breach that could cost it over $5 million. The reward is one of the lowest ever offered to a white hat hacker. $500 Reward for Saving $5 million Decurity, in a recent blog post, revealed that one of its researchers on June 28, 2023, discovered a bug in an unverified smart contract...

The past 24 hours in the cryptocurrency markets saw the total capitalization increase by some $6 billion. In other words, not much happened. Some of the major coins are charting ever-so-slight gains, but in general, the trend remains largely rangebound. Bitcoin remains indecisive at $30K and unable to escape that range, but let’s see how it all fared. BTC Price Flat at $30K As you can clearly see in the chart below, the past 24 hours didn’t provide anything of substance when...

The legal war between the United States Securities and Exchange Commission and Ripple Labs appears to be far from over. While the latter managed a partial win following a recent court ruling, the Commission doesn’t seem to be backing down just yet. According to a recent report by Bloomberg, the United States Securities and Exchange Commission has asked a federal judge to ignore key parts of the recent ruling in the agency’s case with Ripple Labs. The watchdog argues that the...

Stablecoins and central bank digital currencies (CBDCs) have been an ongoing point of discussion for a while now. Ripple – the company behind one of the world’s largest cryptocurrencies, XRP – has entered into a new partnership aimed at fostering support for both. According to a recent blog post, Ripple partnered with a company called  “SUPER HOW?” The partnership aims to become a catalyst for testing and issuing digital assets, which include stablecoins and central bank...

Andrew Griffith, economic secretary to the UK Treasury, said that equating crypto assets as a form of gambling would risk creating misalignment with international standards and approaches from other major jurisdictions, including the European Union. Responding to a Treasury Committee’s report on regulating crypto, Griffith said that such a move would potentially create unclear and overlapping mandates between financial regulators and the Gambling Commission. Regulating Crypto...