Tag Archives: News

Stellar lumen price started a downside correction from the $0.115 zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.1040 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1050 and $0.115 resistance levels. Stellar lumen price is trading above $0.1000 against the US Dollar, similar to Bitcoin....

Ripple price started a downside correction from the $0.5850 zone against the US dollar. The price is now trading below $0.512 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5080 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a major increase above the $0.5120 resistance. Ripple price is consolidating near $0.500 against the US Dollar, similar to Bitcoin. XRP price...

New York attorney general Leticia James is suing another digital currency company. This time, the victim is Ku Coin, whom James said failed to register as a security and commodities broker-dealer and is falsely representing itself as a crypto exchange. Ku Coin Is the Victim of a New York Lawsuit On one hand, there are many shady crypto companies out there that have sought to take advantage of customers and those who do business with them. FTX is proof of this, and it’s a...

It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn. Grayscale Might Pull off a Win! Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making...

Crypto regulation has been at the forefront of many Congress-led discussions for the past several years, but while democrats have spent a long time talking about it, they haven’t acted, and quite frankly, given the fact that so many of them have accepted donations from entities like Sam Bankman-Fried of FTX notoriety, we probably don’t want them getting involved in regulation in the first place. Is Regulation Finally Coming? It now looks like republicans are taking it...

The Federal Bureau of Investigation (FBI) has announced that a new way of tricking crypto fans and investors is making its way through illicit circles. The FBI Says the Latest Crypto Scam Targets Gamers The agency, in a statement, said many new pay-to-earn crypto platforms are ultimately stealing digital assets from those willing to try and invest or take part in company services. The way they do this is by offering fake rewards in both online and mobile games that users...

Bitcoin fans are making fun of economist Paul Krugman after he vented on Twitter the other day about dealing with a particularly rough financial company. Is Krugman Getting a Taste of His Own Medicine? Krugman has long been anti-bitcoin and crypto. He’s offered words on his skepticism for some time, and it’s clear he’ll probably never take digital assets seriously. It’s obvious that there are many bitcoin fanatics out there that have taken his words somewhat personally...

The federal government is looking to regulate crypto mining in the United States, and Wyoming Senator Cynthia Lummis isn’t happy about that. Cynthia Lummis Wants to Leave Crypto Mining Alone Since entering Congress in early 2021, Lummis (a republican) has widely been labeled as a friend to crypto given she’s invested in bitcoin before. She’s also developed a new bill that would carve out rules and regulations for establishing all future crypto bills in the U.S. in the...

Residents of Egypt are angry after being taken advantage of and falling victim to a cryptocurrency scam last August known as Hogg Pool. Hogg Pool Was Probably Never Real A promotional video for the company said it was founded in the year 2019 in the state of Colorado, though regulators believe this is false information. It was touted as a presenter of crypto and blockchain technology investments. Plans through the company allowing customers to invest their cash and...

On Friday, the Labor Department reported a March job growth that is way off February’s upwardly revised figure of 326,000. US job growth amounted to 236,000 for March amid slowing signs in the labor market. The figure puts the Labor Department’s Friday payroll growth report close to the Dow Jones estimate of 238,000 for March. However, the total job growth of 236,000 sits substantially below February’s upwardly revised figure of 326,000. The March job growth report revealed that the...