Tag Archives: News

Ethereum price failed to recover above $2,200 and started a fresh decline against the US Dollar. ETH price is now trading well below $2,200 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2,100 on the 4-hours chart (data feed from Coinbase). The pair is likely to accelerate lower if there is a close below the $2,000 support zone. Ethereum price is struggling to stay above $2,000 against the US Dollar....

A Swedish man has been sentenced to 15 years in prison for allegedly stealing more than $16 million in cryptocurrency funds. 47-year-old Roger Nils-Jonas Karlsson stole the money from more than 3,700 people after convincing them to invest in a phony company called Eastern Metals Securities. Karlsson Pleads Guilty to Crypto Fraud Individuals were coaxed into sending bitcoin and other cryptocurrency funds to the company on the basis that they would see heavy returns....

The largest cryptocurrency ransomware attack has been added to the books. Russian hacking group REvil has allegedly encrypted the data of more than 1,000 firms and companies in nations such as the United States, Sweden, and New Zealand. To release the data, the organization is requesting more than $70 million in bitcoin. REvil Is Going After Other Countries’ Infrastructures Situations like these have grown relatively common in recent days, with another big example having...

Cryptocurrency startup Circle is taking a page right out of the “book of Coinbase” and has announced plans to go public. Circle Is Set to Go Public The company first needs to complete a merger with Concord Acquisition Corp., a special acquisition company led by the former CEO of Barclays Bob Diamond. This merger means Circle will soon boast a valuation of approximately $4.5 billion, making it one of the most powerful crypto-centered firms in the digital space. The news...

Stellar lumen price tested the $0.2320 support before correcting higher against the US Dollar. XLM price is now facing resistance near $0.2550 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.2480 on the 4-hours chart (data feed via Kraken). The pair is likely to start a steady increase if there is a break above the $0.2550 resistance. Stellar lumen price is facing hurdles near $0.2500 and $0.2550...

Ripple price started an upside correction above the $0.6200 resistance against the US dollar. The price is now trading near the $0.6500 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.6600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6500 and $0.6600 resistance levels. Ripple price is slowly recovering above $0.6200...

The producers of the popular reality TV show “Queer Eye for the Straight Guy” have revealed plans for a new program that crypto fans are likely to enjoy. The premise of the show involves several digital currency investors that have lost access to their hardware wallets. Crypto Fans Are Getting Their Own Show Lost login information is one of the main reasons why so many bitcoin units have vanished over time. Many individuals have stored millions of dollars of BTC in their...

Oscar-winning screenwriter and director Spike Lee – famous for films like “Malcolm X” – is getting involved in the cryptocurrency scene. New Coin Cloud Commercials Will Feature Spike Lee Lee has agreed to appear in a series of commercials for digital currency kiosk company Coin Cloud, which allow users to purchase virtual assets such as bitcoin. Lee says he has learned his lesson about not getting involved in speculative or new industries given that he had an opportunity...

Massachusetts’ democratic senator Elizabeth Warren is the latest politician to express her disapproval and distrust for cryptocurrency exchanges. In a recent letter, she asked the Securities and Exchange Commission (SEC) to examine the prospects surrounding crypto exchanges and do an analysis regarding the harm and risks they potentially pose to consumers. Elizabeth Warren Isn’t Crazy About Crypto Exchanges Crypto exchanges have often taken guff for their lack of...

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...