Tag Archives: News

A new report from digital currency data site Crypto Head suggests that crypto fraud and theft is at an all-time high in the year 2021. There are more data breaches and infiltrations of exchanges and trading platforms occurring this year than at any other point in the history of cryptocurrency. Crypto Head: Digital Currency Theft Has Reached a New Peak This is to be expected in many ways given that the crypto space has risen to boast a valuation of more than $2 trillion....

Mental illness is allegedly increasing across the globe, and now one cryptocurrency developer named Phil Kennedy is creating a new digital asset designed to raise awareness and bring some light to the issue at hand. Known as the Mental Token, the currency is built to support organizations and companies that assist individuals suffering from mental illness. Mental Token Works to Assist Those Struggling with Issues Mental Token is also looking to establish its own digital...

According to a new survey, approximately three quarters of El Salvador residents are not crazy about their country adopting bitcoin as an official currency, citing confusion over how the asset works as the primary reason. El Salvador Is Creating Turmoil Through Bitcoin El Salvador has been largely dependent on the U.S. dollar to get around and operate in the world, but now the country is doing something that no nation has ever done before: it’s declaring bitcoin legal...

Stellar lumen price started a strong increase above the $0.3500 against the US Dollar. XLM price is now trading above $0.3500 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair could continue to rise above the $0.4200 and $0.4250 resistance levels. Stellar lumen price is gaining bullish momentum above $0.4000 against the US Dollar, similar to...

Ripple price started a strong increase above the $1.25 resistance against the US dollar. The price is now trading above $1.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.245 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise once it clears the $1.365 resistance zone in the near term. Ripple price is gaining pace above the $1.30 support against the...

The founder and top executive of Bit Connect – a now extinct cryptocurrency exchange – is being sued by the Securities and Exchange Commission (SEC) over his potential role in fraudulently collecting approximately $2 billion from investors several years ago. Bit Connect Is at the Center of a Legal Battle A civil case against the founder of the company was filed four months ago in May of this year. Satish Kumbhani – an Indian citizen – was formally charged by the SEC for...

It’s happened again, folks. Another crypto hack is in the books. This time, the victim is a platform known as Cream Finance, which at the time of writing, is reporting losses of approximately $34 million. Cream Finance Loses a Lot of Dough The money was taken after a hacker exploited an opening in the firm’s system. Cream Finance is a decentralized organization that offers lending programs to crypto traders. Individuals can earn interest yields on many different...

In a recent discussion, Gary Gensler – the present head of the Securities and Exchange Commission (SEC) – stated that major cryptocurrency platforms and exchanges need to embrace and cooperate with regulators if they wish to maintain their present levels of trust amongst customers. It’s a statement that arguably suggests Gensler knows absolutely nothing about cryptocurrency. Gary Gensler Is All About Regulation During the discussion, Gensler comments: At about $2...

The Congress of El Salvador has voted unanimously to approve a $150 million fund that will allow for bitcoin to fiat conversions in the country. El Salvador Is Really Pushing BTC Forward El Salvador is the first country to declare bitcoin legal tender. The country will permit bitcoin transactions for goods and services as though bitcoin was fiat currency beginning on September 7, though the journey has come with a few ups and downs, the first one arguably being that El...

A husband – who currently remains anonymous – is learning some hard lessons about love, life, and bitcoin investing. In a recent post on Reddit, the man admitted to squandering as much as 50,000 pounds of bitcoin in a bad investment. He now has none of the funds left and admitted in the post that he still has not been able to tell his wife. A Husband That Can’t Tell His Wife… The husband wrote on social media that he was “wracked with guilt” and that he could “barely...