Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today. The individuals were caught as part of a pan-government investigation and have allegedly committed financial crimes such as fraud …
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Tesla’s owner and crypto’s most notorious influencer Elon Musk tweeted on the 25th of June his new Shiba Inu will be named Floki, which promptly led to a frantic launch of a myriad of meme tokens exploiting the name. As expected, scams popped up among these purposeless and ad hoc created coins but nonetheless, some …
Continue reading “Dogecoin ‘rival’ token Floki rugpulls…twice”
A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing, the congressman bought cryptocurrency cardano (ADA), dogecoin (DOGE), and ether (ETH) during May and June. …
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Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future outlook for bitcoin and ether in a …
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A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany, and the UAE who currently have exposure to cryptocurrencies and digital assets about …
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The U.S. Securities and Exchange Commission (SEC) is nearing settlements with four U.S.-based individuals accused of promoting the multi-billion dollar crypto Ponzi scheme, BitConnect. According to Law360, the terms of the settlements are currently awaiting final approval from Judge John Koeltl. The judge noted that while agreements’ terms are currently legally sound, minor fixes are …
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Oscar-winner Anthony Hopkins’ new film will be tokenized and sold on an up-and-coming NFT marketplace for movies dubbed “Vuele.” The 83-year-old Hopkins has had a celebrated career and won two Oscars and two Emmys, starring in notable films including Silence of the Lambs, The Elephant Man, the Thor franchise and The Father. The new feature-length …
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Ethereum-based DeFi aggregator, Zerion, has raised $8.2 million in a Series A funding round. The non-custodial aggregation platform facilitates access to more than 60 Ethereum-based protocols, such as Aave, Yearn.finance, and Curve. Zerion has processed more than $600 million worth of volume in 2021 so far with a median trade of $1,000. The raise was …
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Altcoins continue to move higher while the price of Bitcoin (BTC) remains trapped in the $31,000 to $36,000 price range. The predictable range appears to be helping Terra (LUNA), a blockchain protocol that specializes in fiat-pegged stablecoins like TerraUSD (UST) to power a price-stable global payment system. LUNA/USDT 1-day chart. Source: TradingView A quick scroll …
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Closely-followed crypto analyst Michaël van de Poppe says Chainlink (LINK), Aave and three more altcoins are waking up after the big sell-off event in May. The analyst tells his 350,000 Twitter followers that Chainlink looks ripe for a 25% rally against Bitcoin (LINK/BTC) from its current value of 0.0006. ADVERTISEMENT “Chainlink looking ready for …
British banking giant Barclays is now blocking transactions between its customers and global crypto exchange Binance. Customers of Barclays reportedly received a text message from the bank informing them that they would be halting all payments to Binance until further notice. ADVERTISEMENT “As you’ve made a payment to Binance this year, we wanted to …
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Bitcoin’s (BTC) range-bound action seems to be increasing the confidence of institutional investors looking to resume investing in cryptocurrencies. Proof of this comes as Marshall Wace, a London-based hedge fund, announced plans to invest in the digital asset space, according to sources at the Financial Times. A survey of wealth managers and institutional investors already …
Continue reading “Price analysis 7/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL”
The chief operating officer of stock and cryptocurrency trading app Robinhood aims for significant growth in the number of female customers, particularly when it comes to investing in crypto. In an interview with Business Insider published Wednesday, Robinhood COO Gretchen Howard said the number of women using the trading app had more than tripled, representing …
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In a massive boost for Cardano, data unveiled by multi-asset broker eToro shows ADA has taken BTC’s place as the most held crypto token on the trading platform. Due to its limited store of value use case, some believe it’s only a matter of time before Bitcoin loses its crown. Are we about to witness …
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This week on Cryptonites saw host Alex Fazel catch up with Peng Zhong of Tendermint, a developing and code maintaining company of high-speed blockchain Cosmos. Zhong has a long history in the Tendermint and the Cosmos ecosystem joining co-founders Ethan Buchman and Jae Kwon as Tendermint Inc’s first employees in 2015. His deep understanding of …
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