Tag Archives: News

The region of Queensland in Australia has, as of late, been a hub for crypto fraud and related scams, and it looks like residents have lost close to $40 million at the time of writing. This is a huge uptick from the number reported just last year during this time, which was around $20 million. Australia and Crypto… Not the Greatest Match? Throughout Australia, as much as $263 million has been lost to crypto scams. Federal police in Australia now refer to the growing...

Stellar lumen price started a fresh increase above the $0.1100 resistance zone against the US Dollar. XLM price is now trading above $0.1140 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1080 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1160 and $0.1140 support levels. Stellar lumen price is trading above $0.1140 against the US Dollar, similar...

Ripple price started a downside correction below $0.50 against the US dollar. The price is now trading below $0.4800 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.4640 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise again if it stays above the $0.4200 and $0.4000 support levels. Ripple price is correcting gains from $0.520 against the US Dollar, unlike bitcoin. XRP...

Back in July, billionaire moguls Jay-Z (a rapper and businessman) and Jack Dorsey (the former CEO of Twitter) put their heads together to establish what they’re calling the Bitcoin Academy. Jay-Z Is Pushing Bitcoin Further The goal was to help all residents of the Marcy Houses in New York – where Jay-Z allegedly grew up – and grant them financial independence through bitcoin and blockchain education. Not long ago, it was reported that both the rapper and his social media...

The Securities and Exchange Commission (SEC) has yet to approve a single bitcoin-based exchange-traded fund (ETF), and many representatives of the crypto space are beginning to have serious issues with this. Recently, Perianne Boring – the founder of the Digital Chamber of Commerce – delivered a new report claiming that the SEC is purely out to stop crypto in its tracks as part of a larger political agenda rather than through attempts to protect investors. The SEC Has...

Roughly nine democrat senators – including Cory Booker of New Jersey, Elizabeth Warren of Massachusetts, and Bernie Sanders of Vermont – have sent a letter to Mark Zuckerberg – the CEO of Facebook (now Meta) – wanting to know what he’s doing to potentially end all crypto scams appearing on his social media platform. Facebook and Crypto: A Rough Relationship The letter also details steps Zuckerberg can take to ensure fraud never becomes a major issue. The crypto space has...

Elon Musk has long been a fan of Dogecoin. He has always been there to support it and try to help it get to the moon. What’s funny is that the only person who’s not too happy about this is Jackson Palmer, one of the men behind the popular meme currency. Elon Musk and Jackson Palmer: A Strange Relationship Palmer is one of the most interesting figures in the crypto space. He says that the popular digital currency Dogecoin was initially created as a joke; a way of making...

In mid-September, bitcoin – the world’s number one digital currency by market cap – ran above the $22,000 mark for the first time in nearly a month. Bitcoin Experienced a Small Surge in Mid-September Everyone was praising the move given the asset had recently hit a price below $19,000, something it hadn’t done since June of this year. This means that after hitting a near-three-month low, the world’s primary digital asset seemingly shot up by close to $4,000, marking what...

We all love bitcoin. There’s no doubt about that, but is it possible to love bitcoin a little too much? People like Michael Saylor of MicroStrategy fame are putting this question into our heads with their recent purchasing decisions. MicroStrategy Still Loves BTC Not long ago, it was announced that MicroStrategy was going to sell roughly $500 million in shares. Right now, the price of the company stock is dropping, meaning that whatever money the company gets for the...

As volatility in the crypto market continues, another company has decided to halt all withdrawals as a means of retaining and controlling liquidity. This time, the firm in question is a crypto mining pool provider known as Poolin, and none of the firm’s customers can gain access to their money. Poolin Is Preventing Customers from Accessing Their Money The maneuver has got a lot of crypto traders and analysts worried given that these kinds of steps only lead to more...