Cryptos

In its first foray into the crypto sector, the House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from fraudsters.In a series of letters sent Tuesday morning, the committee asked four agencies, including the Department of the Treasury, the Federal Trade Commission, the…

On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. BTC/USDT 1-day chart. Source: TradingViewPerhaps BTC and the wider market are turning bullish ahead of the Ethereum Merge…

Bitcoin’s (BTC) recent gains may be short-lived and “the whole rally in crypto is getting very long in the tooth,” according to Boris Schlossberg, a leading foreign exchange expert.What Happened: “I think we’re very, very close to perhaps an intermediate-term top here. A little bit of a correction is certainly due at this point,” Boris…

The Los Angeles Lakers arena sponsoring and Matt Damon-endorsed cryptocurrency exchange Crypto.com accidentally transferred $10.5 million AUD (~$7.2 million USD) to an Australian customer instead of issuing a standard $100 AUD (~$68 USD) due to a pretty unfortunate typo. According to Australian news outlet 7News (via CoinTelegraph), the…

Key Takeaways Luna Classic is planning to implement a new 1.2% transaction tax burn mechanism. The failed project's native coin, LUNC, has risen 171% on the week. However, new investors should temper their expectations of the coin eventually hitting a dollar. Share this article The Terra Classic community is planning to start burning…

Hackers have already stolen nearly $2 billion worth of cryptocurrency in 2022 — and the year is only half over.As of July, $1.9 billion in crypto has been stolen by cybercriminal hacks, according to Chainalysis' "Mid-year Crypto Crime Update."At this point last year, hackers had stolen $1.2 billion, according to the report. That's a spike of…

Note: This article does not constitute financial advice. Like many, when I first heard of bitcoin, my reaction was “Why would anyone invest real cash in magic internet money?” It was worth zero — backed by nothing. And, like a fool, I was keen to point this out to anyone who would listen. But still, I was curious what the buzz was about, so I…

In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it.However, investors aren’t treating it that way. Instead, the cryptocurrency market is mirroring the stock market. Why is that? Let’s dive into what prevents cryptocurrencies from…

Cardano was one of Saturday’s notable gainers, with the token surging to a three-week high. The sandbox was also in the green, rising to a multi-week peak, as sentiment in the cryptocurrency market remains mostly bullish. Overall, the global crypto market cap is up nearly 2% as of writing. Cardano (ADA) Cardano (ADA) climbed to a…

A widely followed crypto analyst says he believes Bitcoin (BTC) is in a solid position to carve a bear market bottom. In a new video, pseudonymous crypto strategist Rager tells his 206,000 Twitter followers that nothing’s guaranteed in trading Bitcoin but he does acknowledge that BTC appears to be forming a base above $19,000. “A lot…