Month: May 2023

Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network

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A million-dollar question in crypto might be whether tokens can be considered securities in the United States, with some crypto companies staking a lot of money on it.  For payment platform Ripple — sued by the U.S. Securities Exchange Commission (SEC) in 2020 — defense costs have already topped $200 million, Cointelegraph has learned. The SEC claims Ripple sold XRP (XRP) tokens as an unregistered security in the same way it has recently accused many other crypto companies. Even the possibility of expensive litigation with the regulator isn’t stopping firms…

SOL up 5%, as LINK Breaks Key Resistance Level on Saturday – Market Updates Bitcoin News

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Solana rose by as much as 5% in today’s session, as cryptocurrencies began to recover from Friday’s red wave. The global market cap was up by nearly 2% at the time of writing. Chainlink also rose, moving back above a key resistance level. Solana (SOL) Solana (SOL) moved back above the $20.00 mark to start the weekend, as the token rose by as much as 5% today. Following a low of $19.81 on Friday, SOL/USD jumped to an intraday peak at $21.25 on Saturday. The rebound came as solana collided…

BTC price bounces at $25.8K lows amid warning over low whale interest

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Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp. The pair saw weakness after the start of the week’s final Wall Street trading session, briefly cutting through the key 100-day and 200-week moving averages (MAs) before rebounding. BTC/USD 1-hour candle chart (Bitstamp) with 100-day, 200-week MA. Source: TradingView As…

Crypto winter might not be over according to bitcoin data, digitoads attracting capital

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Experts are cautious, predicting that the crypto winter might not be over. Bitcoin traders remain split with most investors considering DigiToads. DigiToads is trending, expanding its social media presence as it continues establishing itself as a community-focused project while riding the meme token wave. Notably, TOADS, DigiToads’ native token, is solid and accumulated by savvy investors in an overly fluctuating and dicey market. There could be a potential for TOADS to outperform even mainstream currencies like…

Montenegro court releases Terra founder Do Kwon on $436k bail

Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on bail of €400,000 each, which is about $436,000 at current exchange rates. JUST IN: Terra founder Do Kwon released on bail in Montenegro. — Watcher.Guru (@WatcherGuru) May 12, 2023 Kwon and Chong-Joon were arrested in March at an airport in Podgorica, the Montenegrin capital, while trying to flee to Dubai with fake…

BTC Rebounds From 2-Month Low, as Bulls Enter the Market – Market Updates Bitcoin News

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Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip. After falling to a low of $25,878.43 on Friday, BTC/USD rose to an intraday high of $26,989.07 earlier in the day. Today’s rebound sees bitcoin jump back…

Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend

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A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets. New data reveals that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens that is set to launch next week, surged from its seven-day low of $0.0595 on May 6th to a new all-time high of $0.154 just six days later, a 158% increase. The 287th-ranked crypto asset by volume has since retraced and is trading for $0.146 at time of writing. AlexGo, which made its market debut last September, recently reached out to other crypto…

Ethereum developer Virgil Griffith rendered ineligible for export privileges

Ethereum developer Virgil Griffith, currently serving a five-year prison sentence, has been issued a 10-year export privilege bar by the Department of Commerce, rendering him ineligible for export privileges until April 12, 2032. The export privilege bar comes as a consequence of Griffith’s actions and further impacts his involvement in international trade and transactions. In the US District Court for the Southern District of New York, on April 12, 2022, Virgil Griffith was found guilty of violating the International Emergency Economic Powers Act (IEEPA). The charges against Griffith included exporting…

How to build an emergency fund using budgeting apps

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Building an emergency fund is a crucial part of financial planning. With the help of budgeting apps, it has become easier to save money and build an emergency fund. This article will discuss the characteristics of an emergency fund and general steps to building an emergency fund using budgeting apps. What is an emergency fund? An emergency fund is a pool of money that you set aside to cover unexpected expenses or income loss. It acts as a financial safety net and can help one avoid debt or financial hardship…

Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ — Platform Tells Users It Is Back Online – Featured Bitcoin News

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The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for “anything that is happening there now.” Youssef also told a user who claimed to have been scammed on the platform that he too has been banned from the platform. Former CEO Tells Users to ‘Trust No One’ The former CEO of Paxful, Ray Youssef, has again reminded users of the peer-to-peer platform on May 9 that he left the company weeks ago and…