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“# DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme ” The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani…
“# Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support ” Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge…
“# Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organized ” The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and the popularity of nonfungible tokens (NFT) have led to an explosion of projects on more…
“# Price analysis 2/25: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT ” The U.S. equity markets and Bitcoin (BTC) have rebounded sharply from their Feb. 24 lows while gold has made a retreat from its recent highs. This indicates that investors may be buying risky assets and reducing exposure to assets perceived…
“# Terra LUNA price nears key level after rallying 45% this week ” A rebound rally in the Terra (LUNA) market this week risks exhaustion as the price retests a key trendline for a potential pullback. Descending channel risks LUNA decline LUNA has been trending lower inside a falling channel—made up of two parallel descending…
“# Bitcoin whales fuel BTC price comeback as stocks brush off Russia-Ukraine shocks ” Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales “leading the charge” towards $40,000 Data from Cointelegraph Markets Pro and TradingView showed…
“# VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing ” Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens. Top gainers in the collectible…
“# Bitcoin price spike to $39K leads traders to say ‘the panic is over for a few days’ ” Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro…
“# TreasureDAO engineer alleged to have past involvement in questionable NFT projects ” On Wednesday, decentralized finance, or DeFi, detective @zachxbt published a long thread about TreasureDAO’s frontend engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token, or NFT, projects. According to its whitepaper, TreasureDAO is a “decentralized NFT ecosystem…
“# Price analysis 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT ” Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week…