Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective
Crypto
In a shocking turn of events, U.S. District Judge Robert Shelby recently imposed sanctions on the Securities and Exchange Commission (SEC) for serious misconduct in its legal action against Utah-based cryptocurrency firm DEBT Box. This decision came after Judge Shelby found that the SEC had engaged in a “gross abuse of power” throughout the case.
Bitcoin’s price has remained relatively stable over the weekend, hovering just above $64,000, following a period of heightened volatility the previous week. The altcoin market has also experienced decreased volatility, with a few exceptions such as Dogecoin, which has seen a 7% surge in price. The previous week started off on a challenging note for
In a devastating turn of events, a 46-year-old housewife in Hong Kong has fallen victim to a fraudulent crypto investment platform, resulting in losses of 7.1 million Hong Kong dollars. The woman was lured into the scam by fraudsters who reached out to her via Instagram and convinced her to invest in cryptocurrencies through a
Recent reports released by the United Nations (UN) Security Council paint a concerning picture of North Korea’s involvement in cyberattacks. The findings reveal that North Korea earns a significant portion of its foreign exchange through cybercrime, with a staggering 50% of its earnings attributed to cyberattacks. This revelation sheds light on the concerning trend of
In a bold move, the derivatives arm of Coinbase, the largest American cryptocurrency exchange, has announced its intention to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This decision, outlined in letters filed with the United States Commodity Futures Trading Commission (CFTC), marks a significant development
As inflation continues to plague Argentina, more and more citizens are turning to Bitcoin as a safe haven for their assets. Recent data has shown a significant increase in Bitcoin purchases in the country, with the number of weekly transactions reaching a high of 34,700 in the first week of March. This surge in interest
The rise of meme coins in the cryptocurrency market has been nothing short of meteoric in recent weeks. These assets, known for their volatile nature, have seen triple-digit price increases, attracting a wave of eager investors looking to capitalize on the trend. The popularity of meme coins on social media platforms like X (formerly known
The decentralized finance ecosystem within the XRP community has recently seen significant progress with the implementation of automated market maker (AMM) functionality on the XRP Ledger (XRPL). This advancement has opened up new opportunities for users to participate in liquidity pools and engage in token swapping activities. According to XRPScan, the introduction of AMM features
Super Sushi Samurai, a blockchain game set to launch on the layer-2 solution Blast, faced a major setback just hours before its release. The exploit, carried out by a white hat hacker, led to a loss of $4.6 million due to a bug in the smart contract code. The vulnerability allowed an unauthorized party to