Cryptocurrency - news

Since it launched, Tether has frozen over $1 billion worth of assets linked to illicit activities after requests from law enforcement agencies.

To enhance financial services for customers across the UK and European Economic Area (EEA), OpenPayd, an embedded finance and Banking-as-a-Service (BaaS) platform, has announced a strategic partnership with Wirex, a Web3 money app. This collaboration aims to fortify easy, fast, and secure payment solutions.Forging Alliance for Virtual IBAN PaymentsUnder the newly forged partnership, OpenPayd will facilitate the issuance of named virtual IBANs to Wirex customers in over 30 countries spanning the UK and EEA regions. These virtual IBANs will grant customers access to the Faster Payments network in the UK and enable Single Euro Payments Area (SEPA) Instant transactions for Euro-denominated deposits and withdrawals.The integration of OpenPayd's services into Wirex's infrastructure will be seamless, leveraging OpenPayd's single, developer-friendly API. Wirex customers will be allocated unique, named IBANs, empowering them to effortlessly transfer EUR and GBP funds between their Wirex and [...]

Worldcoin (WLD) has seen its value plummet by nearly 9% in just 24 hours, with the price settling at around $5.20. This decline aligns with a critical analysis issued by DeFi^2 (@DefiSquared), the current top trader on the crypt exchange Bybit, who has raised concerns about the potential for substantial inflationary pressures and misleading marketing associated with Worldcoin. Notably, the WLD plunge comes just after OpenAI, the creator of ChatGPT, announced on Monday its plans to unveil a cutting-edge AI model named GPT-4o. This advanced model boasts the ability to engage in lifelike voice conversations and seamlessly interact across text and images. Worldcoin is usually a beneficiary of OpenAI announcements, but this time WLD price plunged. Why Worldcoin Is Plummeting In his analysis shared on X, DeFi^2 expounded on the mechanics behind the rapid devaluation of Worldcoin, emphasizing that the token is suffering from significant daily depreciation due to both emissions and strategic [...]

Coinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total comprehensive income increased by over […]

DOGE price is up today thanks to the return of GameStop-famed Keith Gill on social media after a three-year hiatus.

Global crypto exchange and Web3 technology company, Okx, has officially launched its services in Australia. The platform now offers spot trading for all users and derivatives trading for verified wholesale clients. Users can deposit and withdraw AUD via most Australian banks and have access to express buy/sell, P2P, convert functions, and spot trading. A total […]

XRP price is attempting a recovery wave from the $0.4865 support. The price could gain bullish momentum if it clears the $0.5120 resistance. XRP remained stable and started a recovery wave above $0.500. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a close above the $0.5120 resistance. XRP Price Reclaims $0.50 After a steady decline, XRP price found support near the $0.4865 zone. A low was formed at $0.4864 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. Besides, there was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP/USD pair. The pair even spiked above $0.5100. A high was formed at $0.5120 and the price is now [...]

In its latest action against non-compliance in the crypto industry, the Commodity Futures Trading Commission (CFTC) has settled with FalconX, a crypto prime brokerage firm that failed to register as a futures commission merchant (FCM), for $1.8 million. The platform further received a cease-and-desist order from offering services to US residents.CFTC Busts FalconXAnnounced yesterday (Monday), FalconX is being operated by a Seychelles-registered firm, Falcon Labs. The regulator also highlighted that actions against the entity were the first against an unregistered FCM that "inappropriately facilitated access to digital asset exchanges.”Out of the total settlement amount, $1.18 million will be recovered as disgorgement, which the platform collected as fees, while it must pay the remaining $589,504 as a civil penalty.From around October 2021 until at least the end of March 2023, FalconX functioned as an intermediary and facilitated crypto trading with direct access to multiple exchanges. [...]

Ethereum price is attempting a recovery wave from the $2,865 support. ETH might start a fresh surge if it clears the $2,960 resistance zone. Ethereum remained stable and attempted a recovery wave above $2,900. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,930 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major increase if there is a close above the $2,990 and $3,000 resistance levels. Ethereum Price Holds Support Ethereum price traded as low as $2,864 and recently started an upside correction, like Bitcoin. ETH was able to rise above the $2,900 and $2,920 resistance levels. Besides, there was a break above a major bearish trend line with resistance at $2,930 on the hourly chart of ETH/USD. The price even spiked above $2,980 and tested $3,000. A high was formed at $2,992 and the price is now correcting gains. There was a minor move below the $2,960 [...]

OKX has officially launched its cryptocurrency exchange in Australia with spot and derivatives trading services, the company announced today (Tuesday). Although spot trading is available for all users in the country, only verified wholesale clients will be able to trade derivatives.Crypto Exchange in the Land Down UnderThe spot crypto exchange service of OKX listed 85 tokens, with a total of 170 crypto pairs. It also promised to expand the number of tokens offered “on an ongoing basis.”The cryptocurrency exchange further highlighted that the launch of local services in Australia would allow users from the country to deposit and withdraw AUD using local banks. Aussies can further access peer-to-peer and convert functions for cryptocurrencies. Furthermore, the crypto exchange also allows the purchase of cryptocurrencies using third-party platforms Simplex, MoonPay, and Banxa.“Australian crypto users deserve a platform that is secure, easy-to-use, and responsive to their needs, which [...]

Bitcoin price managed to stay above the $60,000 support. BTC recovered and is now facing hurdles near the $63,500 resistance zone. Bitcoin seems to be trading in a range between $60,000 and $63,500. The price is trading above $61,800 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $61,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally if it clears $63,500 or might revisit the range support at $60,000. Bitcoin Price Trims Gains Bitcoin price extended its decline below the $60,800 support zone. However, the bulls were active above the $60,000 support zone. A low was formed at $60,220 and the price started a recovery wave. There was a move above the $61,000 and $61,200 levels. Besides, there was a break above a major bearish trend line with resistance at $61,400 on the hourly chart of the BTC/USD pair. The pair rallied and revisited the main hurdle at $63,500. A high was formed at [...]

The expansion comes 12 months after the firm announced its intention to expand down under.

Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners.