Crypto news

[unable to retrieve full-text content]CoinspeakerVeteran Economist Steve Hanke Suggests that US Inflation Is Now Gone Hanke's commentary follows barely 24 hours after the US inflation rate for June came in lower than expected at 3%. Veteran Economist Steve Hanke Suggests that US Inflation Is Now Gone

EOS price started a downside correction below the $0.765 zone against the US Dollar. The price is now trading below $0.745 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.714 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.745 and $0.768 resistance levels. EOS price is declining below $0.768 against the US Dollar, unlike...

Litecoin is consolidating losses near the $96 level against the US Dollar. LTC price is now trading below $98 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $97.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $97 and $98 resistance levels. Litecoin price is showing positive signs above $92 against the US Dollar, similar to...

Ethereum layer-2 ecosystem is heating up with the space seeing yet another entry by ConsenSys, an already established player in the industry. ConsenSys, the firm behind MetaMask, announced the launch of its layer-2 network – Linea – to the main Ethereum blockchain this week. It will soon begin onboarding partners as well. The new layer-2 scaling solution is a zkEVM rollup network leveraging zero-knowledge proofs while making it an Ethereum Virtual Machine (EVM) equivalent....

US prosecutors have reportedly targeted Ryan Salame – ex-CEO of FTX’s Bahamian subsidiary – over a possible breach of the law when donating funds to his then-girlfriend’s political campaign in 2022.  Previous sources have informed that Michelle Bond (the woman in question) has received at least $400,000 in consulting fees from FTX Digital Markets – the entity that Salame ran. According to The New York Times, the American personally donated $1.5 million to the GMI super PAC (a...

LBRY Inc – the firm responsible for developing the LBRY protocol – has announced it will close operations after receiving a final judgment in its case with the U.S. Securities and Exchange Commission (SEC) on Tuesday. Since the announcement, LBRY token (LBC) has collapsed 14% in value. A federal judge sided with the SEC in ruling that LBRY violated Section 5 of the Securities Act of 1933 in its issuance of LBC. As such, it has permanently restrained and enjoined from further...

Blockchain data shows that the Department of Justice (DOJ) is moving another massive batch of seized Bitcoin (BTC) connected to Silk Road – the defunct darknet marketplace launched by Ross Ulbricht in 2011. The government has already confirmed plans to sell its Silk Road-related BTC throughout the year, meaning the latest transfers could signal its intention to soon dump more. Silk Road Sale: Round 2 As tweeted by Wu Blockchain on Wednesday, two Silk Road BTC addresses...

[Press Release – Frankfurt, Germany, July 12th, 2023] The presale for memecoin Alex The Doge (ALEX) is currently live, and has seen strong demand from the crypto community already. The presale offers a chance to participate in the ALEX ecosystem from the outset and to stake a claim in the MiracleVerse. Built on Polygon’s blockchain, which provides speed, scalability, and security, Alex The Doge integrates DeFi i to allow value to transfer throughout the ecosystem and provide...

[Press Release – Tortola, British Virgin Islands, July 12th, 2023] In its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored interest rate products linked to digital assets, is thrilled to announce the launch of the BTC.B-USDC Vaults. The tranche-based BTC.B-USDC Interest Rate Product was made possible by effectively leveraging Avalanche’s BTC.B (Bridged Bitcoin) for DeFi applications. The...

Litecoin (LTC) search trend has hit a new yearly peak, according to the blockchain analytic platform, IntoTheBlock. The upcoming halving event – which is currently set for August 2nd – is likely to be a key driver for the heightened interest. Halving events have been known to generate tremendous interest in the days leading up to the fact, as they increase the scarcity, which typically boots the value. Hence, the chatter around the crypto asset intensifying is a given. ITB’s...