The residents of Massachusetts – Erig Meiggs and Declan Harrington – will go to jail for two years for stealing approximately $330,000 worth of cryptocurrency from victims. The criminals employed multiple techniques to drain assets, including “SIM swapping” and computer hacking. Fraudulent schemes involving digital assets have been on the rise lately in the USA....Read More
Last year’s NFT gold rush marked the ascent of OpenSea into a $13 billion company, but its competitors have been increasingly capturing market share. A new report suggests the transition of a previously monopolistic non-fungible token (NFT) market into an oligopoly. OpenSea Faces Stiff Competition According to the latest edition of Binance’s Market Pulse, NFTs had...Read More
The crypto industry showed a mild recovery in Q3 after taking a significant plunge amid volatile conditions over the first half of 2022. According to the latest quarterly report published by cryptocurrency aggregator CoinGecko, the overall crypto market cap increased by 6.5%, about $100 billion, in Q3 compared to Q2. Bitcoin Outperformed Other Assets Despite having...Read More
The US-based cryptocurrency exchange – Kraken – joined the list of platforms restricting services to Russian consumers. The decision comes as a result of the latest sanctions that the European Union (EU) imposed on the largest country by landmass for its invasion of Ukraine. Other trading venues that have already ended ties with Russian users...Read More
Earlier this week, the crypto billionaire riled the industry by suggesting ways to confront the legal and hacking woes plaguing the ecosystem. Erik Voorhees, ShapeShift co-founder, is the latest one to detail concerns regarding the draft. The OFAC Conundrum While Voorhees noted that rules are important and that “voluntarily-adopted” standards are noble because they are...Read More
When cryptocurrencies were introduced, people got the opportunity to take their conventional transactions to a whole new level. Some cryptocurrencies are doing extremely well, while others are struggling, especially during the bear market. Those affected by the bear market, like Hex Coin (HEX) and Zcash (ZEC), are now looking for alternative investments like Flasko. Zcash...Read More
Are you looking for some interesting new options for your portfolio for the coming months? Some say that crypto is struggling, and while overall prices are down somewhat, plenty of projects are set up for extremely bright futures. That’s why experts like ORY, KAVA, DCR, and NEM are for your portfolio right now. It’s important...Read More
United States-based cryptocurrency exchange FTX.US was approved by the bankruptcy court to enter the asset purchase agreement with the bankrupt crypto lender, Voyager. According to the official announcement, FTX.US is valued at nearly $1.422 billion. Voyager said it will move forward with a customer vote on the broader recovery plan, which entails the implementation of...Read More
Cardano’s price took turn for the worse after the much-anticipated Vasil upgrade, as it fell to the lowest level since February 2021. ADA is currently on the way to posting the seventh red monthly candle in a row. The ADA price correction gained traction in the wake of a downtrend across the digital asset market...Read More
This month has brought less volatility for Bitcoin as it trades in a consolidated range between $18,500 and $19,600. However, the CPI data plunged Bitcoin hard to $18,190 on 13 October, but it quickly recovered from the bottom range and traded in a stabilized zone. According to Bitcoin’s market dominance, BTC formed a double bottom...Read More
