Day: June 1, 2025

Token Rebounds After Sharp Drop Below $6

Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level. The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00. However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold. Technical Analysis Highlights UNI formed…

Multichoice’s Irdeto and Coinbase Unite Against Illicit Cryptocurrency Use

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Irdeto, the African entertainment platform Multichoice’s digital security subsidiary, has partnered with Coinbase to combat cybercriminals using cryptocurrency for piracy and other illicit activities. Irdeto’s intelligence-led investigations have shown an increasing use of cryptocurrency by illicit service providers, rising from 13% in 2022 to 19% in 2024. Through this collaboration, the Multichoice subsidiary provides Coinbase […] Source

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Major crypto hacks fell 40% in May, says PeckShield

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In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm. The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post. The majority of funds from the month’s largest…

Solana Reclaims Key Support After Sweeping Lows – Early Signs Of Reversal?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana (SOL) has remained under the radar in recent weeks, with market attention primarily centered on Bitcoin and Ethereum. While the broader crypto market digests recent volatility, SOL has been quietly consolidating just below key resistance.…

Ross Ulbricht Auction Nets $1.8M in Bitcoin

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An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. “I’ve left Arizona,…

Bitcoin Risk vs Volatility: Understanding Crypto Investing!

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Exposing the Bitcoin Mining App Scam

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Bitcoin Scandal Forces Czech Justice Minister to Step Down

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Czech political circles were shaken when Justice Minister Pavel Blažek stepped down following revelations that his ministry received a bitcoin donation valued at one billion crowns from an ex-convict previously charged with narcotics offenses. Although Blažek maintained his innocence, stating he was unaware of the donor’s background or any unlawful aspects of the transaction, he […] Original

Shiba Inu price crashes as whales sell, burn rate slows

Shiba Inu price continued its strong downtrend on Saturday as whale investors sold and sentiment in the crypto industry worsened. Shiba Inu (SHIB), the biggest meme coin in Ethereum’s (ETH) chain, dropped for four consecutive days, reaching a low of $0.00001238, its lowest level since April 22. It has moved into a technical bear market, falling by almost 30% from its highest point in May.  Shiba Inu’s decline is mostly because of the ongoing crypto sell-off that has affected all types of coins. Bitcoin (BTC) has dropped from an all-time…