Author: Anthony M. Orbison

In their recent update, the US authorities confirmed they would return $7M to victims who fell victim to a sophisticated scam operating fake crypto investment platforms. Key Highlights US authorities plan to return $7M seized from a foreign bank belonging to victims of a crypto investment fraud.  The scammers won the victims’ trust only to direct them to participate in the fake investment websites.  The fraudsters funneled the loot via 75 shell company bank accounts  The Secret Service froze the funds in 2023 before initiating the civil forfeiture The Secret Service urges victims to contact its platform to recover…

Earlier this month, Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its litigation against the fintech company. XRP experienced a brief rally following the announcement. Following the market-wide correction, XRP’s price has dipped to pre-announcement levels. XRP is currently down by 4.5% in the daily charts, 6.6% in the weekly charts, 1.7% in the 14-day charts, and 2.3% over the previous month. Despite the dip, the asset’s price has rallied by 261.6% since March 2024.Also Read: Putin’s “Temporary Admin” Plan for Ukraine Could Shift Europe’s Oil and Gas FlowSource: CoinGeckoCryptocurrencies Continue To StagnateSource: Watcher GuruThe cryptocurrency…

Cardano’s (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529. The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19.ADA/USD daily chart. Source: Cointelegraph/TradingViewSeveral factors are behind Cardano’s underperformance, including:Weakening onchain Cardano activityThe bearishness in ADA price today is preceded by reduced network activity and the total value locked (TVL), which has dropped sharply over the last month.Cardano’s daily active addresses fell by over 70% from 70,700 on March 2 to less than 20,000 on March 31.Similarly, daily transactions decreased by more…

A memecoin creator notorious for being involved with several controversial projects is continuing to dump his coins even after a 95% drop. New data from the blockchain tracking firm Bubblemaps is shedding light on on-chain activity of Hayden Davis, who admitted to having a role in both Libra (LIBRA), a memecoin originally backed by Argentinian President Javier Milei before he quickly disavowed it, and Melania Meme (MELANIA), a coin inspired by Melania Trump. MELANIA began a steep descent the very day it was launched in January and is now down 95.3%. Says Bubblemaps, “Hayden Davis is STILL selling MELANIA He…

Several cryptocurrency-related news stories from Russia dominated the first weeks of March. Some indicate the sector’s ongoing development, while others point to weak spots that require more action. Let’s examine them to see if the Kremlin will embrace crypto. Crypto investment testing The current status of crypto in Russia is far from loose—residents are allowed to buy and hold crypto, but they cannot pay with it. Crypto holdings are subject to taxation. Also, crypto mining is allowed and regulated but temporarily banned in select regions.  On March 12, the Bank of Russia offered to allow a limited number of “particularly…

The Ethereum (ETH) cryptocurrency’s price predictions over the past week have risen, with experts optimistic about the network’s upcoming Pecta upgrade. This past week, trading volume around the crypto was up as the price was trading lower. ETH is down in March, leading to many deciding to buy the dip. Now, with April right around the corner, hype is growing around the second-largest cryptocurrency by market cap.Ethereum’s price recovery above $2k earlier this week reignited speculation that the coin might be set for a bull run this year. While Ether has since fallen back below $1,900, there is still plenty…

The Cosmos ecosystem is set to transform blockchain interoperability with IBC Eureka, the upgrade to its Inter-Blockchain Communication (IBC) protocol. The first transaction between Cosmos Hub (ATOM) and Ethereum was successfully made on Friday, March 28, with potential implications for the user and developer experience in web3.Magnas Mareneck, co-CEO at the newly-formed Interchain Labs, commented:“EUREKA! Cosmos Hub MAINNET has now sent its first live IBC transaction to Ethereum… and back! The content: 1 $ATOM. The message: i love cosmos”Barry Plunkett, co-CEO of Interchain Labs, posted:“First ethereum, then the world. Over the rest of the year, we’re going to expand the…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses. Ethereum struggled to continue higher above the $2,000 resistance level. The price is trading below $1,880 and…

Bitcoin miner MARA Holdings Inc (MARA) is looking to sell up to $2 billion in stock to buy more Bitcoin as part of a plan that bears a resemblance to Michael Saylor’s Strategy.MARA Holdings, formerly Marathon Digital, said in a March 28 Form 8-K and prospectus filed with the Securities and Exchange Commission that it entered into an at-the-market agreement with investment giants, including Cantor Fitzgerald and Barclays, for them to sell up to $2 billion worth of its stock “from time to time.”“We currently intend to use the net proceeds from this offering for general corporate purposes, including the…