Four men have reportedly been arrested in Japan’s Aichi Prefecture for running an allegedly fraudulent crypto investment scheme that persuaded investors they could reap returns on the basis of an artificial intelligence (AI)-led trading system. Roughly 20,000 Japanese investors nationwide are thought to have been drawn into the scheme, which raised an estimated total of
Cross-chain asset bridge, ChainSwap, has announced a compensation plan for users after suffering an $8 million loss in its second exploit suffered this month. ChainSwap supports the Ethereum, Polygon and Binance Smart Chain networks. On July 10, the hacker exploited a vulnerability allowing them to steal more than 20 different assets from the liquidity pools
The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure
Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses. Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love
Prominent crypto strategist and trader Michaël van de Poppe says the bottom could be in for five low-cap altcoins. The top crypto trader tells his 352,300 followers that he’s looking at Skale, a blockchain network that allows developers to create and provide decentralized chains that are completely compatible with Ethereum. According to Van de
Seasoned trader Peter Brandt says the price of Bitcoin will not soar higher until the flagship cryptocurrency can surmount a rally to take out crucial resistance areas. Brandt says that Bitcoin has been stuck in a range roughly between $30,000 and $40,0000 for over three weeks, indicating that bulls are not in control of the
A prominent crypto strategist and trader is predicting new all-time highs for two low-cap altcoins as he outlines the potential paths ahead for Cardano, Polkadot and Chainlink. The pseudonymous crypto analyst known as Capo tells his 138,200 Twitter followers that he’s keeping a close watch on the price action of Phala Network (PHA), a privacy-preserving
A popular analyst and trader says he is closely watching a crypto index that he believes will signal the start of the next altcoin season. The pseudonymous trader, known in the industry as Credible Crypto, tells his 223,100 Twitter followers that the Bitcoin Dominance Index (BTC DOM) is poised for a relief rally, which might