Massachusetts Men Sentenced to Prison for Crypto Theft using SIM-Swapping

Dec 1, 2022

Two Massachusetts men were sentenced on Wednesday for using SIM-swapping and other hacking techniques to steal cryptocurrencies as well as controlling victims' social media accounts.According to a press release from the Department of Justice, 24-year-old Eric Meiggs and 22-year-old Declan Harrington targeted executives of cryptocurrency exchanges, who have a high chance of holding a large number of cryptos. In addition, they targeted high-value social media profiles.The perpetrators illegal ...read more

Renowned Investor Jim Rogers Warns of the Worst Recession in His Lifetime

Dec 1, 2022

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his lifetime. “We are probably going to have one last rally but that will be it,” he predicted. “Then we are coming to the end of the line. Be worried.” Jim Rogers on the Worst Recession in His Lifetime Famed investor Jim Rogers shared his view about the U.S. economy in an interview with Busin ...read more

FTX US Deal with Voyager Offers 72% Funds Recovery

Dec 1, 2022

According to court documents from this week, clients of the bankrupt crypto lender, Voyager Digital might have a chance to recover some of their funds. Under a preliminary deal with FTX US, a cryptocurrency exchange regulated in the United States, customers may be able to obtain over 70% of their accounts' initial value. However, the preliminary deal would not be finalized until Voyager's creditors express their approval, Michal Wiles, the United States bankruptcy judge, said during a ...read more

Elrond Coin Looks To Breach $55 Resistance – Is $65 Hittable This Month?

Dec 1, 2022

Elrond was rising before leveling off at around $54.40. The EGL price has recently broken through a key price resistance level, rising above $56.37. On weekly, biweekly, and monthly time frames, Elrond has been performing bullishly, based on data by Coingecko, Thursday. This bullish movement may have been prompted by recent events. On September 22nd, Opera users who have enabled the built-in crypto wallet will be able to utilize EGLD. The market may react to these events by increasing the price ...read more

Ethereum Mimics Bitcoin As The Bulls And Bears Tussle; Who Will Come Top?

Dec 1, 2022

ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin.  ETH continues to struggle as price trades close to the demand zone.  The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  The price of Ethereum (ETH) in recent times has looked like it has lost its steam to rally against tether (USDT) as the price has remained in a range-bound m ...read more

Retail Giant Walmart Outlines Crypto Strategy — Executive Foresees a Lot of Disruption in Payment Options

Dec 1, 2022

Walmart’s global chief technology officer has revealed crypto’s role in the retail giant’s future. “Crypto will become an important part of how customers transact,” the executive said. “We want to make sure that we make it as friction free for customers to be able to transact.” Executive Discusses Crypto in Walmart’s Future Walmart Global Chief Technology Officer and Chief Development Officer Suresh Kumar discussed cryptocurrency at Yahoo Finance’s All Markets Summit Tues ...read more

Is The Final Wave In Ethereum Up Next? | ETHUSD Analysis October 19, 2022

Dec 1, 2022

In this episode of NewsBTC’s daily technical analysis videos, we are examining Ethereum due to how boring Bitcoin price action is. Here is an update on the top ranked altcoin. Take a look at the video below: VIDEO: Ethereum Price Analysis (ETHUSD): October 19, 2022 In addition to the video highlights listed below the video, we also analyze ETHUSD using the Ichimoku, Bollinger Bands, Moving Averages, and other technical tools. Related Reading: Bitcoin Price Action Falls Flat | BTCUSD ...read more

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak

Dec 1, 2022

Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today’s move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak. Monero (XMR) Despite cryptocurrency markets mostly trading lower on Wednesday, monero (XMR) was one of the exceptions, as it extended recent gains. XMR/USD surged to an intraday peak of $148.46 ear ...read more

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,400

Dec 1, 2022

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it breaks the $1, ...read more

Bitcoin Correlation With Macro Remains Strong, Despite Stability

Dec 1, 2022

The Bitcoin correlation with the macro markets reached new highs in 2022. This saw the price of the digital asset, and the entire crypto market by extension, follow the movement of the stock and equities market very closely. There were forecasts that the cryptocurrency would begin to decouple from the macro market as time went on but data shows that the correlation still remains very high even now. Following The Macro Market One of the most prominent ways that the macro market and the bitcoin co ...read more

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