Investors are gearing up for potential price movements in the crypto market, with massive new token purchases of XRP and SHIB igniting speculations. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender. Later, […]
Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22, with its price hovering around $26,000. Popular trader Jelle referred to the intraday movements as the “death chop”, noting a lack of liquidity on the Binance BTC/USD order book. According to relative strength index (RSI) readings, Bitcoin was heavily oversold, but refused to offer any form of […]
Ripple recently won a lawsuit against the US Securities and Exchange Commission (SEC), but some members of the community believe the legal battle caused damages for the firm and its native token, XRP. According to lawyer and founder of CryptoLaw, John Deaton, the SEC lawsuit affected potential mass adoption of XRP in the last three […]
A Chinese government official has been sentenced to life in prison for running a $329 million Bitcoin mining enterprise and unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and Vice Chairman, was found guilty of bribery from 2008 to 2021 and abuse of power from […]
Algorand’s ALGO token has seen a sharp decline in value, dropping to an all-time low of $0.08846 last Thursday. This is largely due to the SEC’s classification of the token as a security, which has caused investor hesitation and a decrease in demand. Additionally, the MyAlgo wallet hack in March resulted in losses of over […]
Word Mobile and SingularityNET have announced a partnership to develop a credit rating system and customer support based on artificial intelligence. World Mobile will open access to its blockchain-based lending system in stages, starting with eligible users and ending with those underserved by traditional banks. By using SingularityNET’s AI technology, World Mobile will be able […]
XRP, the Ripple-backed digital asset, is expected to rally to a three-figure target in the next bull market, according to respected cryptocurrency enthusiast and XRP trader, Egrag Crypto. The analyst highlighted that XRP price is preparing to pump a whopping 28,250 percent based on the analysis of an Average Sentiment Oscillator (ASO) indicator, also known […]
Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has been charged with fraud and money laundering. The charges were initially filed in December, but prosecutors added additional charges of campaign finance earlier this month. Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 and pleaded not […]
The two South African brothers behind the crypto investment platform “Africrypt” have disappeared along with 3.6 billion USD in bitcoin bought with investors’ funds. Regulators in South Africa are now looking to take action following what might be one of the world’s biggest crypto frauds. Two South African brothers, Ameer and Raees Cajee, have reportedly disappeared, taking […]
Thailand has recently imposed restrictions on cryptocurrency trading. The South-east Asian nation’s Securities and Exchange Commission (SEC) has implemented a ban on various types of blockchain currencies such as meme tokens and NFTs. According to the Thai SEC, the new rules aim to protect traders and users from cryptocurrencies that have “no clear target or substance” and […]
