Share: Bankrupt crypto lender Celsius Network reached two settlements that are likely to allow creditors to see their assets back soon. The next bankruptcy proceeding is scheduled for August 10 when Judge Martin Glenn will address $78.2 … [Continue reading]
Ethereum, Tron and Bitcoin worth $23 million drained from Alphapo hot wallets
Share: A crypto payment service provider Alphapo’s hot wallet was hacked and $23 million in Ethereum, Tron and Bitcoin were stolen. Ether stolen by the attacker was bridged to Avalanche and Bitcoin. The payment processor caters to … [Continue reading]
Gold, Chart of the Week: XAU/USD at a crossroads ahead of Fed, short squeeze on the cards?
Share: Gold prices slipped on Friday even as treasury yields eased as the dollar rose. However, the price ended higher for the third straight week: Gold weekly and daily charts The wick leaves bullish prospects on the lower time frames as … [Continue reading]
Hong Kong takes crypto China narrative forward with crypto trading launch by securities firm
Share: Hong Kong-based securities firm announced the launch of cryptocurrency trading on its platform. While banking institutions have raised concerns of money laundering and delayed the onboarding of crypto clients, the firm opened doors to … [Continue reading]
Ethereum price at risk of decline as a network activity and whale holdings decline
Share: Ethereum network’s active addresses in the past 24 hours declined, as sellers extended their dominance in ETH. Ethereum whales holding between 10,000 and 1,000,000 Ether tokens have shed their holdings of the altcoin over the past two … [Continue reading]
XRP price wipes out 12% gains after SEC said the regulator will appeal Judge Torres’ ruling
Share: The US SEC revealed its intention to appeal the ruling in the SEC vs Ripple lawsuit, arguing that the court failed to properly apply the law. The development has resulted in a wipeout of XRP’s recent gains, the altcoin’s price dipped … [Continue reading]
Litecoin holders countdown 11 days to LTC halving, traders expect bullish price action
Share: Litecoin halving is 11 days away, analysts observe renewed enthusiasm among LTC traders. In the past six months, 1,185 new addresses have added more than 100 LTC to their holdings. LTC halving event is likely to catalyze a … [Continue reading]
Compound price rally comes to a halt as COMP holders sell year-old supply for profits
Share: Compound price over the past month and a half posted a 171% rally which came to a stop after the altcoin corrected by 8% this week. In the span of two weeks, over $35 million worth of COMP has been sold by long-term holders. Some of this was … [Continue reading]
FTX token price drops as lawyers call out SBF for another crime
Share: FTX token, FTT extends the downswing as the court finds Sam Bankman-Fried guilty of another crime. Reportedly, the FTX founder has been sponsoring his defense using stolen funds. The allegation has been added to the list of offenses he has … [Continue reading]
Canada: Retail sales data point to sluggishness in consumer spending – CIBC
Share: Retail Sales rose in Canada by 0.2% in May, below the 0.5% increase expected. Analysts at CIBC point out that retail sales seeing little growth in May, and the advance estimate suggests that the sideways trend continued into June, the report … [Continue reading]