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69,000 Potentially out of Pocket in Alleged South Korean Exchange Scam
4.6.2021
Far more South Korean investors than previously thought appear to have been sucked into an alleged crypto scam revolving around the V Global crypto exchange.
As reported last month, police said that “mainly pensioners and housewives” had been the victims of the suspected fraud. Officers in Seoul...
Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin
2.6.2021
China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing.
Like previous giveaways in cities like Shenzhen and Chengdu, the tokens will be distributed in a lottery – with a fortunate few residents...
‘Flood’ of Crypto Scam Cases Hit Spanish Courts
1.6.2021
Spanish media outlets are reporting that the country’s courts have been “inundated” with crypto scam-related cases.
The most notorious of the bunch is an alleged pyramid scheme originating in Tenerife, centering around a firm named Arbistar 2.0. Police claim that the alleged scam has sucked in...
Coin Race: Top Winners/Losers of May; BTC, ETH in Red, Cardano Led Top 10
1.6.2021
March was mega green, April was really green, and May was…well, let’s take a look.
The month was certainly marked by the dramatic selloff, followed by the expected consolidation. Bitcoin (BTC) was trading between USD 31,000 and USD 40,000 in the second half of the month, while ethereum (ETH)...
Crypto Listing and Delisting Announcements: Week 22
31.5.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Bitcoin and Ethereum Move Higher, XRP Returns Above USD 1
31.5.2021
Bitcoin price remained stable above the USD 34,000 support zone. As a result, BTC started a steady recovery above the USD 35,500 resistance. It even surpassed the USD 36,500 level and it is currently (12:20 PM UTC) showing signs of a possible move towards the USD 38,500 resistance.
Besides, most...
Polygon, Enjin, Decred, Uniswap, and Horizen Led the Market Last Week
31.5.2021
Despite the recent selloff, some cryptoassets did much better than others last week, as the market started showing some early signs of a potential recovery. The top five coins leading the market out of the slump were decentralized finance (DeFi) darlings polygon (MATIC), enjin coin (ENJ), decred...
Chia In Spotlight Amid Global Hard Disc Shortage
28.5.2021
Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ bad impact on...
SEC Asks Court to Let it See Evidence of Ripple’s ‘XRP Lobbying’
28.5.2021
The epic war between Ripple (XRP) and the US Securities and Exchange Commission (SEC) has entered a new chapter, with the latter writing to the court to claim Ripple has been on a PR offensive in a bid to warp the public’s view of the XRP token.
The long struggle revolves around the SEC’s claim...
Bitcoin and Ethereum Target Fresh Weekly Highs, Altcoins Turn Attractive
27.5.2021
Bitcoin price remained well supported above the USD 37,000 level. BTC started a fresh increase and it surpassed the USD 38,500 level. It is currently (12:20 PM UTC) showing positive signs and it might surge above USD 40,000 and USD 40,500.
Similarly, most major altcoins are trying to gain bullish...
Internet Computer Enters Top 10, as DFINITY Offers USD 223M in Grants
26.5.2021
Internet computer (ICP) has entered the list of the top 10 cryptoassets by market capitalization list, while the non-profit organization dedicated to building and promoting it, Switzerland-based DFINITY Foundation, announced a USD 223m fund that will focus on developer grants, accelerator programs...
Bitcoin and Ethereum Gain Momentum, Altcoins Accelerate
26.5.2021
Bitcoin price remained strong above the USD 38,000 resistance level. BTC even broke the USD 40,000 level and traded close to USD 41,000. It is currently (12:20 PM UTC) correcting gains, but it might continue higher towards USD 42,000 in the near term.
Similarly, most major altcoins are gaining...
Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot
26.5.2021
The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take...
Digital Yuan Not Intended for the International Stage, Say Experts
25.5.2021
China’s forthcoming digital yuan may not be set to make a mark on the international monetary scene after all – and could, at least initially, be limited to domestic user-cases, experts have stated.
The stakeholders, including Michael Sung, the founder of CarbonBlue Innovations, were speaking at...
New Funding Paradigm: Japanese Grassroots Football Clubs Launch Fan Tokens
25.5.2021
An increasing number of Japanese amateur and semi-professional football teams are seeking to launch so-called “fan tokens” – prompting some to ask if a new model is developing for fundraising in grassroots sport in the country.
Per Keizai, Coedo Kawagoe FC, a Kawagoe, Saitama Prefecture-based...
Crypto Listing and Delisting Announcements: Week 21
24.5.2021
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment Drops Further; Bitcoin Deep In the Neutral Zone
24.5.2021
Source: iStock/da-kuk
As the crypto market has corrected sharply, the market sentiment has seen a notable drop for the second week in a row - and it dropped out of the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell from 6.21 recorded last...
Top Altcoins Traded by Crypto Funds In 2020
24.5.2021
While some 56% of surveyed crypto hedge funds declare that bitcoin (BTC) was responsible for at least half of their daily crypto trading volume in 2020, with 15% of the funds trading solely in bitcoin, they were also looking into other cryptoassets.
Among the top traded coins by daily volume last...
Many Major Stablecoins Take a Brief Plunge Below USD 0.9
19.5.2021
In the vast sea of red currently seen in the crypto market, one section particularly stands out: the sudden and brief drop in a number major stablecoins at approximately the same time, before bouncing back. (Updated at 14:14 UTC with a comment from Tether.)
At 13:30 UTC, major cryptocurrencies...
Skeptics Keep Tether Busy Despite Latest Transparency Round
18.5.2021
After revealing their reserves breakdown, Tether, the issuer of the most popular stablecoin, tether (USDT), still needs to respond to skeptics that remain unconvinced by the latest numbers and what might be behind them.
This time, despite the settlement with the New York Attorney General’s Office...