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The Latest Breaking News from Crypto

Crypto-Linked ETFs Report 60% Net Loss So Far In 2022: Will Investor Confidence Ever Return?

According to Bloomberg, as of June 6, crypto-linked equity funds lead the list of the largest negative returns across the entire category of non-leveraged ETFs.

Benzinga

Here's The Bull, Bear Case For Ethereum Classic As The Crypto's Range Tightens

Ethereum Classic (CRYPTO: ETC) spiked up more than 7% higher between 8 p.m. on Sunday and 4 a.m. on Monday before entering into a downtrend on smaller timeframes.

Benzinga

Coinbase Holds Strong On Bitcoin, Ethereum Strength: Here's Why The Stock Must Hold This Pattern

Coinbase Global, Inc (NASDAQ: COIN) surged 12% over Friday’s closing price on Monday morning, before retracing down to trade about 5% higher at press time.

Benzinga

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Who Are The People Using Crypto As Payment?

Bitcoin (CRYPTO: BTC) printed its first green weekly candle in 10 weeks yesterday, as the crypto markets are seeing some relief this morning. Bitcoin is now facing significant resistance around $31,500-$32,000, but if it can hold above this level, we can expect continuation to the upside.

Benzinga

Better Buy: Marathon Digital vs. Hive Blockchain Technologies

Massive sell-offs in the crypto market have caused the stocks of prominent cryptocurrency companies Marathon Digital Holdings (MARA) and HIVE Blockchain Technologies (HIVE) to suffer significant price retreats of late. But which of these stocks is a better buy at their current price levels? Read more to learn our view.

StockNews.com

$2.4B In Cryptocurrency Laundered Through Binance: Report

Binance (CRYPTO: BNB) has been the means for over $2.4 billion if illegal crypto to be laundered from 2017 to 2021, according to a Monday Reuters report covered by Decrypt.

Benzinga

Aussies Lost $81.5 Million to Crypto Scams This Year: ACCC

Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said. According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the…

Benzinga

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$1 billion went down the drain in crypto scams last year

And that’s likely just the tip of the iceberg.

Mic

Anonymous Crypto Wallet Moves $147M Worth Of Bitcoin Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $147,616,283 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 38UmuUqPCrFmQo4khkomQwZ4VbY2nZMJ67

Benzinga

Bitcoin Whale Moves 5,001 BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $149,793,504 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS.

Benzinga

Someone Just Sent $426M In Bitcoin To An Anonymous Wallet

What happened: $426,868,940 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1q6pqn309cee3zchs9tn5gs5ft3mjkzmyf4grea0mmyhu9qvnn76tsdy52wc

Benzinga

Down More Than 70% in 2022, is Now a Good Time to Buy Core Scientific?

The shares of digital asset mining company Core Scientific (CORZ) have plummeted more than 70% in price since their listing on January 20 due to bearish investor sentiment and industry headwinds. And because analysts expect the “crypto winter” to continue, the question is will CORZ be able to regain forward…

StockNews.com

Social Media And Crypto a Combustible Combination for Fraud: FTC Report

Social media and cryptocurrencies are a combustible combination for fraud, with nearly half the people who reported losing crypto to a scam since 2021 saying it started with an advertisement, post, or message on a social media platform, according to a report by the US Federal Trade Commission (FTC).

Benzinga

Binance Labs Makes Investment In PancakeSwap

Binance Labs, the venture capital and incubation arm of Binance (CRYPTO: BNB), has made an investment in PancakeSwap, a decentralized exchange built on BNB Chain.

Benzinga

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Axios

How "doing your own research" can go wrong

"Do your own research" is associated with conspiracy and mistrust of officials.

The Times of India

Terra investors in India lost big. Now they face the taxman

NEW DELHI: Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India aren’t as fortunate.

The Independent UK

Digital currencies flow to campaigns, but state rules vary

Cryptocurrency donations have become a big part of campaign fundraising for many candidates running for office across the U.S. this year

Benzinga

Digital Assets: The Future Of Alternative Investments

By Nicole Civitello

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The Guardian - AU

Cryptocurrency and tax: could you end up paying the ATO more than you earned?

A lot of investors don’t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled

Benzinga

Huge Jump In NBA Crypto Sponsorships, From $2M To $130M: Report

Cryptocurrency sponsorship spending for the National Basketball Association (NBA) has seen a significant spike over the previous season. According to data from IEG consultancy and its Sponsorship Intelligence Database, the NBA has seen an increase in crypto company sponsorship from $1.75 million in the 2020-21 season to $130 million this…

The Guardian - UK

Crypto has crashed – can it bounce back?

Plummeting prices and lost life savings confirmed for many that the blockchain dream was too good to be true – and it may now struggle to hit past highs

The Guardian - UK

Penny savings: taking the measure of money at the Ashmolean museum

The Oxford museum’s Heberden coin room holds antique cash objects from around the world. As we test our faith in digital cryptocurrencies, what can we learn from its collection?

Benzinga

Bullish: Ethereum On-Chain Fundamentals Paint A Positive Outlook For The Future

Things may be looking up for Ethereum (CRYPTO: ETH) with numerous on-chain data parameters painting a bullish picture for the coin.

Benzinga

As Dogecoin Continues To Nap, Here's Where The Bulls And Bears Could Step In

Dogecoin (CRYPTO: DOGE) was trading about 3% lower on Friday, in a continued sideways lull between the range of $0.075 and 9 cents that has plagued the crypto for much of the last three weeks.

Benzinga

What's the Future of NFTs in Music?

While non-fungible tokens (NFTs) are beginning to revolutionize the market, they have made their way into the music scene. Since NFTs have gained interest with the rise of modern technology and the hype around cryptocurrency, many top artists are starting to see a benefit to switching their albums and music…

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