Crypto news

The market took a beating over the past 24 hours, and certain altcoins performed a lot worse than others. A lot of the worst-performing cryptocurrencies were also named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The agency alleges that they are securities. These include Cardano’s ADA, Solana’s SOL, NEAR, Polygon’s MATIC, and so forth. Bitcoin is down 3.4%, while Ethereum – 5.7%. Even though both of them decreased, it’s nowhere near...

Research carried out by contributors of the Toronto Metropolitan University (TMU) estimated that 35% of Canadians owning digital assets had fallen victim to crypto fraud. The study further determined that approximately 9% of the locals have purchased cryptocurrencies or NFTs, with the share being higher among individuals who graduated from universities. Less Educated People Seem More Likely to Get Scammed The report, conducted via a representative survey of 2,000 Canadian...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Jack Dorsey is creating what he’s calling the “Bitcoin Legal Defense Fund” that will, according to a recent statement, ensure the open-source nature of all bitcoin’s code. Jack Dorsey to the Rescue! The idea behind bitcoin is that it should help those who cannot gain access to standard financial products and...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up When it comes to crypto, Congress – especially members of the House of Representatives – appear to be split right down the middle. Some want strict laws in place, while others – such as various members of the democrat party – believe there are already sufficient statutes in place designed to keep the space...

In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief. On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.” “Hence we decided to put $100 million more to these projects.” Last year, the pair donated a similar amount through the community-driven Crypto Relief...

The past 24 hours saw the majority of altcoins crash by a considerable margin and there are no signs of slowing down. However, there’s also a clear discrepancy between the price performance of certain altcoins to that of Bitcoin and Ethereum, both of which have remained relatively resilient. Bitcoin Dominance Soars Over the past 24 hours, Bitcoin’s dominance increased to around 46% (data from CoinGecko). This is a major difference. The metric tracks Bitcoin’s share relative...

The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. The heatmap below is pretty indicative of the troubles that the market is going through. It also reveals that investors are anything but confident right now. Source: Coin360While it’s anyone’s guess why exactly that might be, two things happened in the past few days that might provide some sort of an explanation. SEC Names 13...

Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone. The majority of the altcoins are also trading well in the red, triggering liquidations of close to $400 million. Cardano (ADA) and a bunch of other altcoins are plummeting today. ADA alone is down 23% in the past day as investors fear a potential clash with the SEC. Data from Coinglass shows that the entire market’s liquidations have ramped...

Following lawsuits against Binance and Coinbase, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has made his intentions clear about the digital assets class. These are securities, nothing less, he asserted in a recent interaction. They should be registered with the agency before being offered to investors or meet the requirements to seek exemptions, a CNBC report quoted him. He added that exchanges listing cryptocurrencies must also register themselves...

After over a decade, the Department of Justice (DOJ) has tracked down and charged the hackers who stole hundreds of thousands of Bitcoin from the defunct crypto exchange giant Mt. Gox.  The primary criminals identified are Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29). Mt Gox Hackers Found As stated by the DOJ in a press release on Friday, both Bilyuchenko and Verner are charged with “conspiring to launder approximately 647,000 bitcoins from their hack...