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'CryptoDad' Giancarlo Joins Paxos Board

14.5.2024
Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk

Rain crypto exchange loses $14.1 million in hack

14.5.2024
Rain, a centralized cryptocurrency exchange in Bahrain, fell victim to a hacking incident.   The exchange is basically a user-oriented link, adhering to Islamic finance-related fundamentals. Rain provides trading pairs for multiple cryptocurrencies, such as Bitcoin, Ethereum, and many more. It...

MtGox set to distribute $500 million in assets to creditors by October 2024

14.5.2024
MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024.  For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...

Dormant Bitcoin wallet awakens to $61,000 windfall

14.5.2024
In a surprising twist that echoes tales of buried treasure, an old Bitcoin wallet that has been inactive since 2011 suddenly becomes active, transferring an amount of $30 million worth of Bitcoin. This unforeseen incident has triggered the interest of the people engaged in the world...

Newest dog meme coin Dogeverse raises over $15 million in crypto presale

14.5.2024
The crypto market has witnessed a resurgence of meme coin activity, and this new entrant, Dogeverse, is taking the lead. This new meme coin has surpassed the $15 million mark in its current presale in a display of savvy investor backing. This remarkable feat signals a potential boom for Dogeverse...

$68M in crypto retrieved after ‘Dust’ attack scare

13.5.2024
An unbelievable event happened: someone who had put money into a cryptocurrency could get back $68 million worth of wrapped bitcoin (WBTC). This results from an attack on their digital wallet on May 3. Despite the role of such a significant theft as an object, there is no grudge from an investor...

Bitcoin eyes $70k after breaking out of the consolidation

10.5.2024
Bitcoin has been recognized to have been in a consolidation phase for almost 50 days. It is closer to the historical record of 63 days. However, analysts are apprehensive about the potential next surge once BTC concludes its depressing phase. Its price movement has been mostly within the restricted...

Ethereum dips: Analyst eyes $2,500 target as support breaks

10.5.2024
The scenario for ETH is bearish, and it could drag lower in the next couple of days. Ethereum had previously tested its resistance at $3,100. Analysts had predicted that a fall below that mark would trigger an unprecedented downfall for the 2nd-ranked cryptocurrency in terms of market cap. With...

Solana stumbles at $160: Will SOL crash to $120 or bounce back?

10.5.2024
Over the past few weeks, Solana has tested the $160 resistance mark several times. However, its latest climb to the benchmark has again ended in a retreat. Now, the market is wondering whether the setback will push SOL down to the $120 mark. Early SOL price predictions suggest that the coin...

Solana soars to $150 as Sealana meme coin hits 300k milestone

10.5.2024
Lately, there has been a growing brew of excitement in the crypto market. Remember Solana, the Ethereum killer? This asset has soared past $150, leaving analysts speculating and forecasting its future price point. Many experts point out that Solana’s recent surge could signal the entry of a...

Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC

9.5.2024
Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...

Holder of Bored Ape Yacht Club loses three NFTs worth $164,000

9.5.2024
As observed by ZachXBT, a crypto sleuth, a Bored Ape Yacht Club holder, managed to lose three NFTs, a value of 5,8505 ETH, to a fraudulent character. The figure is equivalent to $164,400. It happened via a phishing threat. Etherscan, a blockchain AYC NFT transaction, has been utilized in past...

Ethereum seeks direction: Can ETH bulls reclaim $3,000?

9.5.2024
The price of Ethereum remained extremely disturbing, with further losses going under the $3,050 mark, much like Bitcoin ETH going under $3,000. The drop occurred when it was at $2,936 and is currently only traveling south. The Ethereum trade price has sunk to $3,050, along with the 100-day simple...

Cardano notices fluctuations in the last 4 days: $0.48 peak, 10% drop

8.5.2024
Sentiments are largely negative within the Cardano ecosystem, with selling emotions overriding the need for accumulation. ADA was last seen exchanging hands at $0.441, which is lower than the peak of $0.48, true as of May 4, 2024. The support level has now been set at $0.44. Cardano has shed a...

XRP poised for breakout: Analysts eye $1.68 mid-term target

8.5.2024
XRP is estimated to touch $1.68 in mid-term, or maximum, by the end of this year, 2024. That would set the stage to retest the previous peak of $1.96, which occurred in April 2021. This comes as the cryptocurrency attempts to navigate its way out of the ongoing symmetrical triangle formation....

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