It’s unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds. On Monday, IRA Financial Trust, a platform providing self-directed digital asset retirement and pension accounts, filed a lawsuit against cryptocurrency exchange Gemini for alleged negligence in safeguarding customers’ digital assets during a critical exploit. The...Continue Reading

BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term. After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers kept up their momentum with a strong weekly open that boosted...Continue Reading

But AVAX price is also forming a potential descending triangle that can spoil the upside chances. Avalanche (AVAX) shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern. AVAX price to $35? Dubbed as “double bottom,” the pattern appears when the price establishes a support level, rebounds, corrects after...Continue Reading

According to CertiK, investors should be highly skeptical of free NFT giveaways, as well as small peculiarities in sites they interact with. On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth of NFTs was stolen after hackers...Continue Reading

Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data. Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors.  Bitcoin investment products saw...Continue Reading

The regulatory agency’s main concern was the rise of unregulated collective investment schemes in NFTs. On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote:  “As with other virtual assets, NFTs...Continue Reading

Could the growing adoption of cryptocurrencies also mean a move away from its decentralized principles? Crypto-focused companies have come a long way since their beginnings in terms of corporate structure, employee motivation, decision-making systems, compliance and other aspects of their operations. While the early 2010s saw startups founded by small groups of crypto enthusiasts, the...Continue Reading

In an interview filmed during the World Economic Forum in Davos, Daniela Barbosa gives the floor to enterprise blockchains and the future of currencies. For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies have made it among the big...Continue Reading

Cryptocurrencies may be coming to Americans’ retirement plans. Some see it as a sound financial strategy, while others remain skeptical. In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for...Continue Reading

$32,000 comes back into view at 6% gains are helped by a return to strength on U.S. stock markets. Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks could take BTC as high as $37,000 Data...Continue Reading