Cryptonews

Cryptonews


Bitcoin and Ethereum Trim Gains, XTZ and CHZ Accelerate

Posted: 27 Jun 2022 09:29 PM PDT

 
Bitcoin price failed to extend gains above the USD 21,500 level and traded below USD 21,000. It is currently (04:12 UTC) trading near USD 20,700 and is down over 2% in a day and is almost unchanged in a week.
Similarly, most major altcoins are also moving lower. ETH traded below the USD 1,200 support zone. XRP struggled and declined below USD 0.350, while ADA is testing USD 0.48.
Total market capitalization...
Read More: Bitcoin and Ethereum Trim Gains, XTZ and CHZ Accelerate

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Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules

Posted: 27 Jun 2022 05:00 PM PDT

 
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims' coins onto its platform.
According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of a scamming ring. The case was heard at the Civil Settlement Division of the Seoul Central District Court....
Read More: Crypto Exchange That Hosted a Scammer's Wallet Is 'Not Liable' For Victim's Losses, Court Rules

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G7 Inadvertently Makes the Case for Bitcoin with New Gold Move

Posted: 27 Jun 2022 01:00 PM PDT

 
The Group of 7 (G7) countries are inadvertently making the case for Bitcoin (BTC), as gold's shortcomings are becoming more obvious after a new move to ban imports of Russian gold.
The move to ban gold imports from Russia was announced by the US, UK, Japan, and Canada during the G-7 meeting that started in Germany on Sunday. According to a statement from the UK government, the move will have "global reach, shutting the commodity out of formal international markets."...
Read More: G7 Inadvertently Makes the Case for Bitcoin with New Gold Move

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Crypto Listing and Delisting Announcements: Week 26

Posted: 27 Jun 2022 10:00 AM PDT

 
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 here.
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BigONEListings: PLCU (PLCU) 
BinanceAdded Trading Pairs: GTO/BUSD SNX/ETHWBTC/BUSD ...
Read More: Crypto Listing and Delisting Announcements: Week 26

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Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News

Posted: 27 Jun 2022 08:34 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News

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Police Investigate Ethereum, Bitcoin Mining ‘Pool’ Following ‘Scam’ Allegations

Posted: 27 Jun 2022 07:05 AM PDT

 
South Korean police are investigating allegations that a domestic bitcoin (BTC) and ethereum (ETH) crypto mining "pool" is a scam.
Per Yonhap and Asia Kyungjae, the Seoul Metropolitan Police Agency's Financial Crimes Investigation Unit stated that it was conducting a probe into a pool named Ethlot.me and was working with colleagues at police stations across the country on the case....
Read More: Police Investigate Ethereum, Bitcoin Mining 'Pool' Following 'Scam' Allegations

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Bitcoin Funds See Largest Outflows on Record ‘By a Wide Margin’ – CoinShares

Posted: 27 Jun 2022 06:04 AM PDT

 
Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record "by a wide margin," data from the digital asset investment firm CoinShares shows.
Per the latest update from CoinShares, the large outflows were solely focused on BTC funds, with USD 453m in capital leaving these funds. Funds backed by other digital assets such as ethereum (ETH) and cardano (ADA) saw inflows for the week....
Read More: Bitcoin Funds See Largest Outflows on Record 'By a Wide Margin' – CoinShares

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Bitcoin and Ethereum Look for Direction, DOGE and STX Still Outperform

Posted: 27 Jun 2022 05:12 AM PDT

 
Bitcoin price started a consolidation phase above the USD 20,500 zone and moved above the USD 21,200 level. It is currently (11:59 UTC) trading near USD 21,350 and is down over 1% in a day and up 4% in a week. 
Similarly, most major altcoins are also looking for direction. ETH still could test the USD 1,250 hurdle and continue higher. XRP is consolidating above USD 0.350 while ADA must settle above the USD 0.50 level to start a steady increase....
Read More: Bitcoin and Ethereum Look for Direction, DOGE and STX Still Outperform

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Mike Novogratz Now Admits That Terra's Model Was Unsustainable

Posted: 27 Jun 2022 04:53 AM PDT

 
Galaxy Digital CEO Mike Novogratz has said that although he was "worried about the macro environment," he was hoping bitcoin (BTC) "would stay in the USD 30,000 to USD 50,000 range." At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable.
The comments came in an interview with New York Magazine published on Sunday....
Read More: Mike Novogratz Now Admits That Terra's Model Was Unsustainable

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Anonymous Pledges to Reveal 'Do Kwon’s Entire History' Since He Entered Crypto

Posted: 27 Jun 2022 03:47 AM PDT

 
Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.
A video purportedly coming from the hacker group said that,
"Anonymous is looking into Do Kwon's entire history since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to be discovered in your trail of destruction."...
Read More: Anonymous Pledges to Reveal 'Do Kwon's Entire History' Since He Entered Crypto

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XCarnival Hacker Accepts ETH 1,500 Bounty and Returns Remaining ETH 1,467

Posted: 27 Jun 2022 01:56 AM PDT

 
The hacker of XCarnival, a lending aggregator for metaverse assets, has accepted a bounty of ETH 1,500 (USD 1.85m) in exchange for the return of the remaining ETH 1,467 (USD 1.8m) and the team not pursuing legal actions.
Etherscan transactions show that the hacker has already sent ETH 1,467 to the address shared by the XCarnival team....
Read More: XCarnival Hacker Accepts ETH 1,500 Bounty and Returns Remaining ETH 1,467

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ONE Keeps Trending Lower while Harmony Offers Hacker USD 1M in Bounty for Return of Funds

Posted: 27 Jun 2022 01:03 AM PDT

 
The team behind the layer-1 blockchain Harmony (ONE) has offered the Horizon Bridge hacker USD 1m in bounty for the return of some USD 100m in stolen funds.
"We commit to a [USD] 1M bounty for the return of Horizon bridge funds and sharing exploit information," Harmony said in a Twitter post on Sunday, sharing a contact email and an Ethereum (ETH) address. 
The company also pledged not to advocate for criminal charges when funds are returned....
Read More: ONE Keeps Trending Lower while Harmony Offers Hacker USD 1M in Bounty for Return of Funds

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Bitcoin and Ethereum Consolidate, DOGE and STX Rally

Posted: 26 Jun 2022 09:25 PM PDT

 
Bitcoin price remained supported above the USD 20,500 zone and BTC was able to climb above the USD 21,200 level, but it stayed below the USD 22,000 zone. It is currently (04:05 UTC) consolidating near USD 21,200 and is down over 1% in a day and up 3% in a week.
Similarly, most major altcoins are trading in a range. ETH climbed above USD 1,250, but struggled near USD 1,280 and moved lower. XRP is consolidating above USD 0.350 while ADA is fluctuating around USD 0.50....
Read More: Bitcoin and Ethereum Consolidate, DOGE and STX Rally

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