The top spy agency of South Korea stated its neighbor North Korea has stolen an estimated $1.5 trillion won worth of cryptocurrency funds over the past five years. This is equivalent to about $1.2 billion in USD. More than half of that money was stolen in the year 2022 alone....
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Calgary, Canada Refuses to Give Up on Crypto
2022 was a bad year for crypto. Bitcoin and many leading forms of digital currency have crashed, but that doesn’t mean all the crypto companies out there are turning their backs on their respective industries. Several companies in Calgary, Canada – like Bitvo Inc. – still believe crypto has a...
Bitcoin Cash Analysis: Dips Remain Attractive Near $115
Bitcoin cash started a decent increase above the $108 and $112 resistance levels against the US Dollar. The price is now trading above the $115 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $118 on the 4-hours chart of...
Kabosu, the Dogecoin Shiba Inu Dog, Diagnosed with Serious Illness
Kabosu – the cute little Shiba Inu dog that inspired the memes of such famous digital currencies as Dogecoin – has been diagnosed with liver disease and leukemia according to her owner Atsuko Sato. Kabosu Is Very Ill The news is indeed sad for both animal lovers and crypto fans...
Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat
Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company that falls victim to the ongoing bear conditions of the crypto arena. Argo Blockchain Won’t Have...
Kraken Is Leaving Japan, Laying Off Several Employees
Popular digital currency exchange Kraken has announced it is closing its Japan branch this month and laying off all its employees in the Land of the Rising Sun. Kraken Is Stepping Away from Japan The Japanese division of Kraken is called Payward Asia. In a recent blog post, the company...
EOS Price Analysis: Risk of More Losses Below $0.95
EOS price started a fresh decline from the $1.08 resistance zone against the US Dollar. The price is now trading below $1.0 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.04 the 4-hours chart of the EOS/USD pair...
Litecoin (LTC) Price Analysis: Bulls Could Be Active Near $80
Litecoin started a strong increase above $80 against the US Dollar. LTC price is now trading below $80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $86.50 on the 4-hours chart of the LTC/USD pair (data feed from...
More Crypto Exchanges are Verifying Reserves, is Proof of Reserves the Solution?
In the wake of the FTX collapse, which happened because the now-defunct cryptocurrency exchange used customer money to cover its risks, cryptocurrency exchanges came up with proof-of-reserves to clarify transactions. Without clear rules, Binance CEO Changpeng Zhao recently pushed for a practice that gives exchanges a way to show users...
Paul Krugman Isn’t a Fan of Either BTC or Elon Musk
Paul Krugman – a Nobel Prize-winning economist – recently published a piece saying that Tesla stock is a lot like bitcoin. He also commented that the CEO of Tesla – Elon Musk, who is a big crypto fan and has since gone on to purchase Twitter – couldn’t be trusted...