Crypto news

Ethereum price is struggling to stay above the $1,600 support against the US Dollar. ETH price is now trading below $1,650 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,660 on the 4-hours chart (data feed from Coinbase). The pair could climb again if it stays above the $1,580 support zone. Ethereum price is consolidating above the $1,580 level against the US Dollar. ETH/USD could rise further if it clears...

Yuzo Kano – Co-Founder of Japan’s leading cryptocurrency platform BitFlyer – reportedly seeks to spearhead the firm as a CEO again after stepping down in 2019.  He also wants to terminate the tension between the current management team and shareholders and steer the entity to an initial public offering (IPO). A Possible Comeback After Four Years As reported by Bloomberg, the 47-year-old Japanese entrepreneur wants to serve as the CEO of BitFlyer once again to establish it as...

It was on February 24, 2022, that Russia launched the military offensive on Ukraine. On the completion of one year of the war, Chainalysis came up with a report tracking crypto donations to both Russia and Ukraine. The report says Ukraine received nearly $70 million and pro-Russian groups $5.4 million in crypto donations since the war broke out last year.  Crypto Donations to Ukraine   The donations to Ukraine came mostly in ETH, BTC, USDT, and USDC, with their shares being...

The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon.  There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their sentiment on digital assets. 20% of the participants admitted owning bitcoin or alternative coins despite...

The Tel Aviv Stock Exchange (TASE) is willing to enable clients of its non-banking members to trade cryptocurrencies.  Its proposal comes as a result of the turmoil experienced in the sector last year, which according to numerous watchdogs, was a prerequisite for imposing stricter regulations. Authorizing NBMs The TASE – Israel’s only public stock exchange – wants to expand the authorized activities of its non-banking members (NBMs) to allow customers to trade digital...

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Solana outages have yet again sparked questions about the design of the premier Layer 1 blockchain. The validators tried to restart the network twice over the weekend after the on-chain activity froze. At one time, Solana was processing only 93 TPS. Following the performance degradation, the validator community eventually had to opt for a synchronized chain restart of the network. Solana Outage Again According to the official blog post, the cause of the outage has not been...

Coinbase – the largest crypto exchange in the United States – announced that it is halting BUSD trading one week after the stablecoin’s issuer ceased minting new units of the token.  According to a tweet from Coinbase on Monday, the exchange will suspend trading for the token across Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Users can still access any BUSD held in their accounts, and withdraw it from the platform at any time.  “We regularly monitor...

In an era where so many other crypto firms appear to be losing employees left and right, the Bitcoin Association – which is responsible for the release of the recent bitcoin SV currency – is bringing some fresh faces onboard. The Bitcoin Association Is Bringing New People Aboard Among the people being hired are Cyrille Albrecht as the new managing director, Ewa Merino as the director of finance and operations, and Marcin Zarakowski as the latest executive committee...

Lendhub, a relatively small cross-chain crypto lending platform operating on HECO, was exploited to the tune of $6 million dollars earlier this January. Attack Possible Solely Due to Poor Coding The attack was carried out due to a poorly-executed removal of a deprecated IBSV cToken. Its replacement, which was already active, had an identical price point at the time, which allowed the unknown bad actor to manipulate the pricing and drain around $6 million worth of crypto from...