Rapper 50 Cent claims X account was hacked, leads to $300M rug pull

Is Solana living up to its so-called “Ethereum-killer” status? And one trader was left over $1 million poorer due to a hard fork.

Since dropping below the descending channel on Nov. 25, Bitcoin (BTC) has reclaimed $7,000, cleared some hefty resistance at $7,400 and now made its way up to above $7,500 by press time.Crypto market daily performance. Source: Coin360The 111-day moving average (DMA) and the 128-DMA are currently in the process of converging to form a bear…

Multiple on-chain and technical analysis metrics suggest the crypto market is in for a sharp price move. Here is a strategy pro traders use to profit from volatility. 940 Total views 9 Total shares

NEO (NEO) founder Da Hongfei appeared at the Blockdown 2020 virtual conference on April 16, where he spoke about blockchain’s role in the post-pandemic world. The creator of the project dubbed the “Chinese Ethereum” suggested that the world was currently witnessing a pattern of de-globalization. According to Hongfei, blockchain will be the technology that puts humanity…

The CEO of the London Stock Exchange (LSE), one of the world’s oldest stock exchanges, believes that blockchain could have a use in issuing securities and settlement. CNBC reported on the CEO Nikhil Rathi’s comments on May 2.Speaking in an interview, Rathi noted that distributed ledger tech (DLT) could potentially play a role in the…

$1.6 trillion U.S. stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000. 231 Total views 15 Total shares Bitcoin (BTC) briefly lost $20,000 support overnight into Sep. 14 after hot United States inflation sent risk assets crashing lower.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMarkets lose big in…

Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen (Skat), requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10.In its letters, Skat specifically asked crypto users to provide information about profits and losses for fiscal years 2016 to 2018, according to FIFO…

For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the world’s less-well-off citizens.Two surprising facts emerged on the global stage at the start of June: First,…