Markets

Stellar lumen price started a downside correction from the $0.095 resistance zone against the US Dollar. XLM price is now trading below $0.092 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0930 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.093 and $0.095 resistance levels. Stellar lumen price is trading above $0.0880 against the US Dollar, similar to...

Ripple price is facing resistance near the $0.420 level against the US dollar. The price is now trading below $0.410 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.4110 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could decline further if there is now move above the $0.4120 resistance. Ripple price is correcting lower from $0.4320 against the US Dollar, similar bitcoin. XRP...

A study conducted by the financial consultancy firm – deVere Group – estimated that 82% of clients with over $1.2 million worth of investable assets sought advice on cryptocurrencies in the past 12 months.  The significant interest came in spite of the broad market slump and the countless scandals and bankruptcies that happened in 2022. Crypto Seems Highly Popular Among the Rich According to the study, approximately eight out of ten high net worth (HNW) customers of deVere...

Wybo Wiersma – a 40-year-old Dutchman who studied at Oxford’s St Cross College – will serve a 54-month prison sentence for stealing £2,156,000 (more than $2.6 million) using a cryptocurrency scheme. UK detectives linked the scam to the man who used the pseudonym Norbert van den Berg in his malicious website and university coursework. ‘Greed and Dishonesty’ Behind the Scam Judge Michael Gledhill KC ordered Wiersma to spend four and a half years in prison for his offense. The...

The bitcoin boom continues as more time in January was able to bring the world’s number one digital currency by market cap beyond the $19,000 mark, something the currency hadn’t seen since November of 2022. Bitcoin Is Growing Like Crazy January has brought on a certain degree of healing for most digital currency investors and traders. The previous 12 months had been so disastrous for bitcoin, literally eliminating more than 70 percent of its overall valuation. The...

Unlike some of the previous weekends since the start of the year, this one has been rather calm for bitcoin, which remains slightly above $23,000. Some altcoins, though, have performed more impressively, including OKB and a few memecoins. SHIB, BabyDoge Skyrocket CryptoPotato reported yesterday Shiba Inu’s massive daily increase of over 10%. However, the second-largest memecoin is well in the green once again on a daily scale. SHIB is up by another 7.5%, while its weekly...

Randall Crater – the Founder of the fraudulent cryptocurrency business “My Big Coin” – will spend 100 months in jail.  Federal prosecutors previously insisted his punishment should have been 13 years. Crater Defrauded Investors With Over $7.5 Million U.S. District Judge Denise Casper in Boston ruled that Crater should stay in prison for more than eight years for running a cryptocurrency scam called “My Big Coin” between 2014 and 2017. The wrongdoer stole $7.5 million from...

Illicit cryptocurrency transactions increased tenfold in 2022, marking the highest total figure yet in the history of crypto. In what was arguably the worst year for bitcoin and its crypto cousins to date, close to $20 billion in illicit crypto was transferred to suspicious addresses. Illicit Crypto Activity Reached a Pinnacle Last Year This beats the previous record set in 2021, which was $18 billion. The new number outdoes the previous one by roughly $2 billion. Kim...

2022 was not a great year for decentralized finance (DeFi). The industry saw implosion in itself thanks to the unsustainable high yields that eventually caused the model to collapse. But DeFi is far from dead. A similar sentiment was echoed by prominent Web3 developer Andre Cronje, who said he does not believe that high yields are “long gone” and that DeFi is seeing almost “zero growth.” DeFi Will Still Simply be DeFi At present, the real yields for ETH, USDT, DAI, and USDC...

January proved to be a somewhat powerful month for bitcoin, which rose beyond the $18K mark by the midway point. Though this is nothing compared to the all-time high of $68,000 it achieved in November of 2021, the jump was a welcomed change from the bearish conditions so many fans, traders, and investors were privy to in 2022. Bitcoin Saw a Good Month in January The previous year was arguably the worst time for bitcoin and the crypto scene. Bitcoin lost more than 70...