Tag: bitsellx

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Downfall of Canada’s Lambo driving ‘Crypto King’ reportedly sees $35M in losses

Founder of fraud recovery law firm says the only other avenue available for investors would be to make reports to the Ontario Securities Commission or the police. A self-styled 23-year-old ‘Crypto King’ is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million…
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Ethereum co-founder Vitalik Buterin defends DAOs against critics

Buterin believes collusion and corruption can be minimized when deciding power is in the hands of the entire group, rather than an individual or small minority. Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a…
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Regulatory clarity will drive the next bull run — hedge fund co-founder

As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph. A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United States — which he expects to…
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Totality Corp CEO explains why India is still largely untapped for NFTs

Despite a strong emphasis on “social status” in India, holding a Bored Ape Yacht Club NFT there isn’t impressing anyone. Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and…
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White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?

The ethical exploiter thanked Arbitrium for the 400 ETH payday, but said such a find should be eligible for the max bounty of nearly 1,500 ETH, or $2 million. A self-described white hat hacker has uncovered a “multi-million dollar vulnerability” in the bridge linking Ethereum and Arbitrum Nitro and received a 400 Ether (ETH) bounty…
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FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other Assets

CEO and co-founder of major cryptocurrency exchange FTX Sam Bankman-Fried (SBF) has revealed that the company has built an estimated $1 billion war chest to continue deploying capital in order to bail out distressed crypto firms and buy their assets. … Read More: FTX Builds $1 billion War Chest to Buy up Distressed Crypto and other…
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Terra LUNA Price Drops As House Bill May Ban Stablecoins ‘Like TerraUSD’

The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years. Bloomberg, which obtained a copy of the proposed stablecoin bill, reported: Stablecoin legislation being drafted in the House would place a two-year ban on crypto coins similar…
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XRP Price Outpaces Bitcoin and Ethereum, Key Resistance Intact

Bitcoin price failed to gain bullish momentum above the $19,500 resistance. BTC is currently (03:10 UTC) trading below $19,200. If there is a downside break below $19,000, the price may perhaps accelerate lower. Similarly, most major altcoins are facing important hurdles. ETH topped near $1,380 and corrected gains. XRP remained strong and settled above the…
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Crypto Prices Will ‘Nuke’ If 100 bps Rate Announced at FOMC Meeting

Two crypto experts shared their crypto price predictions heading into the FOMC meeting tomorrow at 2pm ET and Jerome Powell’s speech. With crypto prices falling in the past 24 hours – Bitcoin and Ethereum are down 3 to 4% – many traders are derisking, waiting on the sidelines and searching for crypto expert analysis online:……
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Terra Luna Classic Crypto Price Prediction – Will LUNC Crash?

Terra Luna Classic (LUNC) is consolidating around the $0.00029 price levels and has recently lost the limelight as the effect of the bull run wears off.  However, the recent breakout of the falling wedge pattern does display robustness from the LUNC bulls. As Bitcoin continues to trade below the $20,000 levels and at risk of…
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