Tag Archives: News

The social media accounts of the British Army have been hacked by someone looking to promote a cryptocurrency scam. The YouTube and Twitter accounts of the Army have been overtaken by someone who remains anonymous at the time of writing. They are simply going by the name “psssd” online. The British Army Was Being Used to Promote Crypto The scam involves a new series of non-fungible tokens (NFTs) that resemble a real line of NFTs called “The Possessed.” Experts are...

ADA price started a downside correction from the $0.556 zone against the US Dollar. The price is now trading below $0.52 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4750 on the 4-hours chart (data feed via Bitfinex). The price could start a fresh increase if it stays above the $0.475 support zone. Cardano price is correcting lower below $0.520 against the US Dollar, similar to bitcoin. ADA price must stay...

Ethereum price started a downside correction from the $1,800 zone against the US Dollar. ETH price is now trading below $1,700 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,540 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,500 zone. Ethereum price is correcting lower below $1,700 against the US Dollar. ETH/USD could rise again...

Facebook – or Meta, as it’s now more formally known – says it’s officially shutting down its crypto wallet system Novi. Facebook Is Ending the Life of Novi The wallet will remain active until September 1 of this year and then become lost to time. July 20 was the final day that customers still using the wallet (if any) could add to their stashes. The company has already issued a notice to clients that they should withdraw and move their funds to separate wallet systems...

Beauty software company Meitu says it has lost a lot of money on crypto. Meitu Is Suffering Due to Crypto’s Volatility Meitu is one of a few institutional investors that chose to get involved in crypto as the space began growing to unprecedented levels. The company – much like MicroStrategy and Square – felt that the industry was strong enough and, at the time, stable enough that a few investments were warranted. The company eventually put in hundreds of millions of...

Chainalysis – a known blockchain analysis company – has partnered with Cellebrite DI, a global leader in digital intelligence solutions to assist customers and help them identify criminal crypto activity. Chainalysis Is Looking to Uncover More Crime The goal is to ensure resolutions happen and happen quickly. The crypto space has become synonymous with crime in recent years, with recent examples of illicit activity including hacks on the Harmony exchange in Northern...

Stellar lumen price started a fresh increase above the $0.1150 resistance zone against the US Dollar. XLM price is now trading above $0.1150 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.1100 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1150 and $0.1120 support levels. Stellar lumen price is trading above $0.1150 against the US Dollar, similar...

Ripple price gained pace and cleared the $0.3550 resistance against the US dollar. The price is now trading above $0.35 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3750 and $0.3670 support levels. Ripple price is recovering above $0.3500 against the US Dollar, similar to...

The government of Singapore is saying it’s likely to implement new cryptocurrency regulations in the coming future that will potentially keep retailers safe. Singapore Is Looking Deeper at Crypto Regulation Singapore has commented that there is too much volatility and unsteadiness in the digital currency market, especially as of late. The country is looking to ensure people are aware of the risks before they step in. Singapore regulators also say they want retail players...

Classic Parade – a company that rents out luxury supercars in the United Kingdom – is allowing customers to make payments with assets like bitcoin and Ethereum. Classic Parade: Rent a Supercar for Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them...