Tag Archives: Altcoin News

As per blockchain intelligence firm Chainalysis, Euler Finance transferred a total of 100 ETH to an address having links to North Korea. Another major hack rocked the decentralized finance (DeFi) market last week in March. The attack on DeFi protocol Euler Finance drained a massive $197 million making it the biggest DeFi hack in 2023 so far. While tracking the details of the movement of hacked funds, it turns out that the hack could be linked to North Korea. Among the series of transfers...

Stellar lumen price is facing a major resistance near the $0.090 zone against the US Dollar. XLM price is now trading above $0.082 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.0890 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0890 and $0.090 resistance levels. Stellar lumen price is trading above $0.0820 against the US Dollar, similar to bitcoin....

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading above $0.3700 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.400 resistance zone. Ripple price is struggling below $0.400 against the US Dollar, similar to bitcoin. XRP price must...

The Securities and Exchange Commission (SEC) has been on a roll over the past few weeks to take down any crypto company or individual it thinks might be going against its agenda, and it’s now added one more victim to its roster. The SEC Targets Paul Pierce This time, the figure targeted by the SEC is former Celtics player and NBA hall of famer Paul Pierce. The basketball player took part in a promotion of a new digital currency called Ethereum Max. By issuing public...

Crypto fraud has always been a problem, but a new report issued by blockchain analysis firm Chainalysis shows just what a big issue it’s become. According to the document, nearly 25 percent of the digital tokens introduced in 2022 were scams designed to make off with investor funds. Chainalysis: Most Tokens in 2022 Were Phony Several of the tokens analyzed in the Chainalysis report showed signs of being pump-and-dump schemes. This involves the developers or executives of...

Logan Paul, a YouTube influencer, is among five people getting sued at the time of writing for allegedly instigating a crypto and NFT fraud scheme. Logan Paul Is the Subject of a Crypto Lawsuit The lawsuit – filed by Houston based attorney firms Tom & Associates and Ellzey & Associates – represents Don Holland, a Round Rock police officer that allegedly fell victim to the scam (known as Crypto Zoo). Holland claims in court documents that Crypto Zoo was a rug...

Bitcoin cash started a decent increase above the $115 and $120 levels against the US Dollar. The price is now trading above the $120 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $126.80 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $132 and $138 to continue higher in the near term. Bitcoin cash price is climbing above $120 against the US Dollar, similar to bitcoin....

Binance has announced Space ID (ID) as the 30th project it will host on its launchpad.  Space ID is the native token of the SPACE ID ecosystem, a Web3 identity protocol with a universal name service network. SPACE ID is developing a universal name service network that allows the discovery, registration, trading, and management of Web3 domains. Also, the project includes a Web3 Name SDK & API that allows developers to build and integrate all their Web3 identities into one toolkit.  How...

Ethereum recently concluded its final dress rehearsal, dubbed Shapella, on the Goerli testnet en route to its mainnet upgrade. The Ethereum Shapella upgrade is on course for launch following its successful activation on the Goerli testnet. According to reports, this development is in the final phase before the upgrade goes live on the mainnet. With the Ethereum Shapella upgrade mainnet development, stakers can unstake their Ethereum (ETH) from the protocol. According to Ethereum developer...

EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $1.10 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.12 and $1.15 resistance levels. EOS price is struggling below $1.15 against the US Dollar, similar to bitcoin....