Bitcoin $110K setup 'still in play' but analysts warn of sub-$40K dip first
Could Bitcoin see a correction below $40,000 before breaking out toward a six-figure valuation?
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3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks." 341 Total views 15 Total shares New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power…

Ripple, Binance impersonators target XRP holders via fake staking program
Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus. 269 Total views 1 Total shares Own this piece of history Collect this article as an NFTOnline fraudsters are impersonating major cryptocurrency firms like Ripple…

Bitcoin price stalls as traders warn BTC could dip lower than $55K
Bitcoin (BTC) barely recovered its losses on April 9 as fresh doubts emerged about the bull run continuing this month. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview$56,760 "not a convincing bottom"After sliding 5% on Wednesday, BTC/USD saw only a modest rebound to circle $57,000 at the time of writing, Cointelegraph Markets Pro and TradingView showed. Following multiple failed…

Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern
Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project's founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger. Moreover, an NFT and DeFi Marketplace called the Spores Network, which raised $2.3…

Ripple acquires Swiss blockchain custody firm Metaco for $250M
Metaco raised $17 million in a Series A funding round in 2020. The company raised $20 million in total before being acquired. 353 Total views 5 Total shares On May 17, Ripple, creator of the namesake payments network and XRP token, announced it had acquired Swiss digital asset custodian and tokenization provider Metaco for $250 million.…

Crypto Industry Now Comprises 7% of Switzerland’s Largest SRO: Report
Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry.88 members of Financial Services Standards Association have connection to cryptoThe Swiss Financial Services Standards Association (VQF), the oldest and largest SRO in the country, said that 7% of its membership is connected with crypto-related businesses, financial news…

Expert: News of Chinese Banks’ Crypto Crackdown Greatly Exaggerated
Last Monday, Chinese media reported that police in Guangdong froze thousands of bank accounts belonging to over-the-counter traders. 144 Total views 33 Total shares It was reported last week that thousands of bank accounts belonging to Chinese over-the-counter cryptocurrency traders were recently frozen by law enforcement. The police claimed that this was part of a…

South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021
The country began seizing crypto to offset tax arrears last year. 171 Total views 22 Total shares According to local news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies in the past two years due to tax arrears. The country's politicians enacted regulations allowing for…