Category: Cryptocurrency News

On Aug. 30, a Github user made a post about losing 1,400 Bitcoin (BTC) via an elaborate hack that affected his Electrum wallet. N-chain analysis indicates that the hackers had a Binance account and that some of the transactions used to move the stolen coins may have originated in St. Petersburg, Russia. However, It is important to note that conclusions afforded by on-chain research are generally more probabilistic than deterministic.  On-chain analysis of the hack. Source: Cointelegraph, Crystal Blockchain. Even Read more …

The three-year-long class-action lawsuit targeting Tezos (XTZ) has come to a conclusion after Judge Seeborg approved Tezos’ $25 million settlement on Aug. 28. According to the judgment, the funds will be distributed among “all persons and entities” who participated in Tezos’ 2017 initial coin offering (ICO) from July 1 to July 13 and sold their XTZ for a loss before Nov. 25, 2019, did not sell their tokens before Nov. 25, or are unable to access their XTZ due to Read more …

DeFi has quickly become the new buzzword in the crypto space. Yet, unlike ICOs or some of the other unsustainable practices we’ve seen in the past, DeFi is here to stay – and it’s gaining momentum fast. As a centralized cryptocurrency spot and derivatives exchange, people sometimes wonder if DeFi is a threat to OKEx or if the rise in DeFi-focused altcoins is a challenge for Bitcoin. In actual fact, we believe that the growth of DeFi can only be Read more …

Ripple is rising and it is gaining bullish momentum above $0.2880 against the US Dollar. XRP price is likely to test the $0.3000 barrier, considering the recent sharp rise in Ethereum. Ripple is showing a lot of positive signs above the $0.2850 and $0.2880 levels against the US dollar. The price is testing the $0.2920 resistance and it is well above the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near Read more …

Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota E-Marketplace, a new platform that employs blockchain technology to bridge the gap between farmers in India and the nation’s food industry. Agriota reportedly provides transparency by verifying the food supply chain from Indian farms to food processing companies, traders and wholesalers Read more …

Ethereum extended its rally by 5% and it broke the $440 resistance against the US Dollar. ETH price is likely to break the $450 resistance, above which the bulls might aim $500. Ethereum is gaining momentum above the key $430 and $435 resistance levels. The price is now trading well above the $430 level the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $438 on the hourly chart of ETH/USD (data feed Read more …

Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing. Yield farming – providing liquidity to earn interest in the form of tokens – has taken the crypto community by storm and sparked the DeFi boom. However, Buterin highlighted the aggressive supply inflation of many governance tokens, saying this puts downward pressure on the Read more …

A bullish Bitcoin technical pattern that has held firm since October 2019 flashed once again this week. It is an uptrend–an ascending channel–wherein BTC/USD’s momentum indicator is making higher highs and higher lows. The so-called Relative Strength Index reverses its uptrend after its tests the upper trendline of the Channel. Similarly, it bounces back after testing the lower trendline of the Channel. You want the latest news about Crypto? Then follow us on Google News! On August 25, the RSI Read more …

Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions. “One of the inputs of this transaction has been listed by the U.S. government as forfeited. It is unclear who made the transaction,” Whale Alert tweeted, attaching a DoJ civil forfeiture complaint of Read more …

Bitcoin price is trading in a bullish zone above the $11,600 support against the US Dollar. BTC is likely to gain strong momentum above $11,800 as long as it is above $11,550. Bitcoin is following a nice bullish path above the $11,550 and $11,600 support levels. The price is facing hurdle near $11,800, but it is well above the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $11,580 on the hourly chart Read more …

Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding decentralized finance (DeFi) protocol/strategy for Ether (ETH) deposits. Yearn Finance’s core products are ‘vaults’ that seek the best returns for yield farmers, while also pooling funds to reduce gas fees. With Yearn’s vault purporting to guarantee the highest returns while Read more …

Officials in the Malaysian state of Johor shut down two crypto operations which had stolen more than $600,000 worth of electricity over three years.  According to a Sept. 1 report from local news site The Star, Malaysia’s Energy Commission, power utility firm Tenaga Nasional Berhad (TNB), and local officials arrested individuals responsible for the theft of more than $600,000 in electricity used for crypto mining. The authorities raided two mining operations in the city of Iskandar Puteri. Nazlin Alim Sadikhi, Read more …