Month: September 2023

Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme

boss

A former Deutsche Bank investment banker, who was charged earlier this year in relation to a fraudulent cryptocurrency trading scheme, has pleaded guilty to investment fraud — and could face up to 30 years in prison. According to a Sept. 19 statement from the Department of Justice, 27-year-old Rashawn Russell pleaded guilty to participating in a scheme where he operated a fraudulent crypto investment fund dubbed the “R3 Crypto Fund.” Between Nov. 2020 and Aug. 2022, Russell defrauded 29 investors out of $1.5 million by leveraging his reputation as an…

Stanford University, Home of Sam Bankman-Fried’s Professor Parents, Will Return ‘Gifts’ Donated by FTX: Report

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

boss

Creditors from bankrupt crypto lender Celsius Network are again being targeted in a new wave of phishing attacks as the crypto lender’s bankruptcy proceedings enter its final stages. Reports on social media over the past week have shown an increase in phishing attacks from scammers impersonating Stretto, the bankruptcy services platform for crypto lender Celsius and its creditors.  One user reported receiving three phishing emails claiming to be from Celsius on Sept. 18. Others reported receiving fake emails with malicious links attempting to impersonate Stretto, the claims agent handling the…

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

boss

Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen was laundered through cross-chain bridges, Elliptic’s data shows a complete reversal from the first half of 2022. In a Sept. 18 blog post, Elliptic explained the cross-chain crime trend is due to the “crime displacement” effect — where criminals move to a new method to carry out the illicit activity when the existing method gets over-policed. However, the shift…

Dogecoin Price (DOGE) Prediction – Bulls Face Uphill Task Near $0.064

boss

Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone. DOGE started a decent increase above the $0.0615 resistance against the US dollar. The price is trading above the $0.062 level and the 100 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could struggle to clear the $0.0638 and $0.0640 resistance levels. Dogecoin Price…

Unicoin announces major rebranding in partnership with FutureBrand ahead of imminent ICO

Unicoin, the assets-backed cryptocurrency company, has teamed up with global branding agency FutureBrand for a comprehensive rebranding strategy as it prepares for its upcoming Initial Coin Offering (ICO) on cryptocurrency exchanges. Futurebrand is known for its work with industry leaders like American Airlines, Sanofi, and L’Oreal. The rebranding initiative precedes Unicoin’s imminent Initial Coin Offering (ICO) on various crypto exchanges. Breaking News! As we prepare for our upcoming ICO, we are thrilled to introduce our new look!@FutureBrand, the world’s #1 branding agency, has partnered with us to craft a top-notch…

Grayscale CEO Highlights US Opportunity To Lead Crypto Space Through Regulation

boss

The chief executive of Grayscale, a leading digital asset management firm, believes that the United States has a significant opportunity to dominate the cryptocurrency space by shaping effective regulations.  In a recent interview with Yahoo Finance, Grayscale CEO Michael Sonnenshein expressed optimism about the progress made in the past year and highlighted the bipartisan support for crypto-related legislation.  Sonnenshein emphasized the importance of lawmakers’ understanding of the crypto industry and urged Congress to actively engage with the issue to foster innovation and create robust financial and regulatory frameworks. Grayscale CEO…

Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally

boss

Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500. Bitcoin is showing positive signs and facing hurdles near $27,500. The price is trading above $26,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a clear move above the $27,500 resistance. Bitcoin Price Eyes…

Coinbase to begin new campaign to advance US legislation 

Coinbase is launching a comprehensive paid media campaign to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry. As part of this campaign, the second-largest crypto exchange is also organizing a fly-in on Sept. 27 to bring executives and developers from different crypto companies to meet staff and lawmakers on Capitol Hill. Down to the roots As stated in Reuters, the grassroots advocacy campaign seeks to advance a bill that would define when a cryptocurrency is a security or a commodity. This…

Bitcoin Bulls Eyeing $31,000 In Near-Term Rally

boss

Bitcoin (BTC), the dominant cryptocurrency, is experiencing a resurgence as recent developments in technical indicators and on-chain fundamentals instill renewed optimism among investors.  Capriole Invest, a prominent investment firm, has unveiled its Bitcoin Macro Index. This comprehensive machine learning model combines 40 influential on-chain, macro market, and equity metrics, providing valuable insights into Bitcoin’s fundamentals and shedding light on its potential future trajectory. Bitcoin Fundamentals Signal Renewed Optimism According to Capriole’s latest report, Bitcoin’s low timeframe technicals have continued to conform to the Wyckoff schematic over the past weeks, with…