Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Bulls Against The Ropes, Why Aptos Is At Risk Of Crashing To $7

The cryptocurrency of the hour, Aptos (APT), is losing bullish momentum and heading for a correction. Dubbed a “Solana Killer,” the APT token was launched last week, attracting the attention of market participants.  Related Reading: Ep04- OneLife – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast The hype around APT generated over $150 million in Open Interest, $3 billion in futures volume, and $1 billion in spot volume in less than a day. At the time of writing, Aptos trades at $8.70, with a 10% loss in the last 24 hours alone.  After 1 day: $150 mil open interest, $3 bil futures volume, $1 bil spot volume… This is going to suck so much liquidity from the market.$APT https://t.co/iMupyE21It — Byzantine General (@ByzGeneral) October 19, 2022  Aptos Stepping Into The Danger Zone As seen in the chart below, APT’s price hit an all-time high of $10.2 before crashing into its current levels. The cryptocurrency has been trading sideways in a tight channel over the past two days, but the price action hints at further downside pressure.  According to a pseudonym analyst, Aptos sits at critical support north of $8.11. If the token fails to hold its current levels, the price might return to the pre-rally region.  As seen in the chart below, this downside move could retrace APT’s price back to the $7 region. If that zone operates as support, the token might prevent more downside and follow the general sentiment in the market, which hints at bullish momentum.  Otherwise, the next support area is around $6.7, possibly lowering its launch levels. The pseudonym analyst said the following about APT’s price action and the crypto market in general: APT Bounce here, or it’s heading down to the green zone, I reckon (…) A lot of assets, including $BTC & $SPX, are breaking above the 4H 200MA & EMA’s. This tends to be a good indication of a low to mid timeframe reversal. Of course prices do have to hold these levels in case of a retest to confirm such a reversal. Can PancakeSwap Save APT’s Price? Traders betting on further downside pressure should be wary; current support levels might hold solely on cryptocurrency-generated hype. In addition, the team behind PancakeSwap will launch this protocol on Aptos.   The implementation will include PancakeSwap’s native token CAKE, with the potential to onboard its users. The team behind the crypto exchange said: Aptos is the first blockchain which PancakeSwap will be fully integrated with. PancakeSwap will be deploying its CAKE token natively on Aptos along with its key products, making the CAKE token truly multichain for the first time (…). Additionally, Aptos and PancakeSwap users and projects will be able to enjoy all the core beloved products of PancakeSwap such as Swap, Farm, Pools and IFO. Related Reading: Klaytn (KLAY) Cracks 30% Gains As Price Breaks Downtrend, Is $0.4 Possible? It remains to be seen if this exchange implementation on Aptos will persuade PancakeSwap users to adopt the platform.

Klaytn (KLAY) Cracks 30% Gains As Price Breaks Downtrend, Is $0.4 Possible?

KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2.  The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4. Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range. Despite the market’s uncertainty, Klaytn (KLAY) has had a great time rallying, with the price aiming for a possible high of $0.4. (Data from Binance) Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre Klaytn (KLAY) Price Analysis On The Weekly Chart. Despite the fact that many altcoins have struggled to trend in a range market, the price of KLAY has been a standout performer, as it has rallied and held strong at key support zones, demonstrating the strength of buyers who are unwilling to give up prices to sellers. KLAY’s price has recently declined from an all-time high of more than $4 to a region of $0.13 before rallying to a high of $0.3. KLAY’s price faced resistance from $0.3 to break higher. After the price of KLAY was rejected at $0.3, it fell to a region of $0.13, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders. KLAY rallied from $0.13 to a high of $0.2 as the price broke above to rally with greater strength to $0.3, where it met resistance and fell back to $0.2. The overall structure of KLAY appears to be favorable, with a high probability of price retesting the $0.3 and higher ranges. If KLAY fails to hold above $0.2, we may see a retest of $0.15. Weekly resistance for the price of KLAY – $0.3. Weekly Support for the price of KLAY – $0.2-0.15. Price Analysis Of KLAY On The Daily (1D) Chart In the daily timeframe, the price of KLAY continues to hold strong and trade above the key Support formed at 50 EMA after breaking out from its descending triangle on the daily timeframe. The price of $0.19 corresponds to the 50 EMA acting as Support for KLAY price.  A break and close below this region would lead to the price of KLAY retesting a lower region of $0.15, KLAY’s price needs to hold $0.2 to trend higher. Daily resistance for the KLAY price – $0.25-$0.3. Daily Support for the KLAY price – $0.15. Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 – Good News For LTC? Featured Image From CoinRepublic, Charts From Tradingview

So you’re checking your Reddit Collectibles on OpenSea and notice someone offered you 8.1 ETH for your .3 ETH avatar. You quickly accept the offer, then what? (A True Story)

This is a true story that happened earlier today. Someone on OpenSea was offered and accepted an offer of 8.1 ETH for their NightGuard currently trading at .3 ETH. https://preview.redd.it/ezqxlbxmv0w91.png?width=936&format=png&auto=webp&s=fdb9fb25893d450682f7d25eeac1f2f41c691f60 What happened is the individual in question made a collection offer of 8.1 ETH for the avatars in the Spooky Season: poieeeyee x Reddit Collectible…
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Ep04- OneLife – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast

What does a OneLife-produced event look like? Is the organization that supports the OneCoin community competent enough to produce a beauty pageant? The answer to those questions might surprise you. For this fourth episode, Jamie Bartlett and Georgia Catt go into the lion’s den. They go to Bucharest, Romania, and assist the Miss OneLife coronation. Apparently, the event had some of “the world’s most famous brands as sponsors.” However, as it happens with everything Dr. Ruja related, things are not what they seem. Related Reading: Sam Bankman-Fried Eyes On Bidding For Celsius Assets This episode’s guest star is Christi Calina, who’s a OneLife “independent marketing associate” and one of the event’s producers. Since the man’s ghosting them, Jamie and Georgia ambush him at a OneLife event in the same city. The conference “looks like the real deal, just like OneCoin,” Jamie evaluates. There, they get access to the Miss OneLife event and things take a turn for the mysterious. Remember, you can download episodes directly from the BBC, or listen to “The Missing Cryptoqueen” through Apple, Spotify, or iVoox. About “The Missing Cryptoqueen’s” Episode Four – “Miss OneLife” In this episode, Jamie and Georgia go through the charges against Konstantin Ignatov, Dr. Ruja’s brother. They contain some of the FBI documents about the case and include emails between Dr. Ruja and “other top leaders” of the OneLife organization. In those, the people allegedly discuss how the scam works in detail. If those are real, there’s no doubt that OneCoin was a very deliberate scam from the very beginning. They even discuss how to fake the mining of the cryptocurrency, and give reasons to use a familiar term like “mining” to fool their clients. In those emails, Dr. Ruja discusses a possible exit strategy and proposes they could “take the money and run and blame someone else for this.” Later on, the FBI claims Dr. Ruja is “directly associated with significant players in the Easter European organized crime.” It’s important to know that OneCoin disputes all of these allegations. We included part of their denial in the quotes section. We also included concrete information about Dr. Ruja’s disappearance and a new factor that might explain why she fled at the time she did.  BTC price chart for 10/25/2022 on Bitstamp | Source: BTC/USD on TradingView.com The Miss OneLife Beauty Pageant Our heroes go into the eye of the storm. They can barely enter the premises because everyone in the OneLife organization knows exactly who they are. They don’t blend in. Everyone is “smartly dressed.” Bottles of Moet and cigars abound. The production is slick. A stage comes down from the ceiling and Jamie loses his mind. In the end, they both admit that the OneLife organization can throw a hell of an event. It was boring, though. And it doesn’t look like any cryptocurrency-related event that the podcast host has ever attended.  “OneCoin is still going and there’s a lot of money here,” Jamie says before fleeing the event.  Back in London, the producers fact-check everything that happened. The famous brands that were supposedly attached to the Miss OneLife event deny sponsorship. They’ve never heard of the event. Then, they contact Forbes and the magazine denies that Dr. Ruja was ever on the cover like the organization made seem in their promotional material. Then, they check on their education claims. As it turns out, Dr. Ruja did go to Oxford and got the degree she claimed to have.  To finish the episode off, Jamie interviews Miss OneLife UK. She gives them peripheral information, like the event’s ticketing wasn’t open to the public and one of the prizes was a gift card for cosmetic surgery. Then, Jamie mentions Dr. Ruja. She says that she heard someone important was at the event, but couldn’t remember if it was her. Is it possible that Dr. Ruja was in attendance at the Miss OneLife event? Apparently, “she’s unrecognizable now.” This story gets more fascinating by the minute. Quotes From “The Missing Cryptoqueen’s” Episode Four – “Miss OneLife” OneCoin’s statement: “OneCoin disputes all allegations. To our claim that OneCoin is not a cryptocurrency and that its nominal price is not determined by demand and supply, but is manipulated and set internally, they said: “OneCoin verifiably fulfills all criteria of the definition of cryptocurrency, and also those of a transparent pricing that is in line with the common market”. The BBC podcast series, they say, “is based on testimonials of haters, former employees who were either fired or disgracefully dismissed for internal company violations, intellectual property theft, and other violations. Thus, the series will not present any truthful information and cannot be considered objective, nor unbiased.”  Concrete information about Dr. Ruja’s disappearance, and a new factor that might explain why she fled: “The FBI files also contained valuable new information about Dr. Ruja’s disappearance. “Bulgarian travel records show that on or about October 25th, 2017, Ruja flew on Ryanair from Sofia, Bulgaria to Athens, Greece.” Dr. Ruja was last seen in Sozopol, in around July 2017. That was on her private yacht, the Davina, the one we saw. On October 7th, she then failed to turn up at a OneCoin event in Lisbon. But now we know that her last known whereabouts was in fact Athens on 25th October 2017. And there’s some more clues here.  Last week, I said that the US authorities charged Dr. Ruja in absentia in March 2019. That’s not the whole story. We’ve learned that Dr. Ruja was actually indicted on 12th October 2017, but this indictment was sealed until March 2019. It was just two weeks after that first indictment that Dr. Ruja vanished. Is it possible she could have been tipped off?” Extra Material And Episode Credits As you probably know if you’ve gotten this far in the series, Dr. Ruja is on the FBI’s most-wanted list. The text under her name says: “Ruja Ignatova is wanted for her alleged participation in a large-scale fraud scheme. Beginning in approximately 2014, Ignatova and others are alleged to have defrauded billions of dollars from investors all over the world.  Ignatova was the founder of OneCoin Ltd., a Bulgaria-based company that marketed a purported cryptocurrency.  In order to execute the scheme, Ignatova allegedly made false statements and representations to individuals in order to solicit investments in OneCoin.  She allegedly instructed victims to transmit investment funds to OneCoin accounts in order to purchase OneCoin packages, causing victims to send wire transfers representing these investments.  Throughout the scheme, OneCoin is believed to have defrauded victims out of more than $4 billion.” Related Reading: Uniswap Reports Phishing Scam, As UNI Records 10% Profit In 7 days And finally, the episode’s credits: Presenter: Jamie Bartlett Producer: Georgia Catt Story consultant: Chris Berube Editor: Philip Sellars Original music and sound design: Phil Channell Original music and vocals: Dessislava Stefanova and the London Bulgarian Choir Previous Companion Guides For BBC’s “The Missing Cryptoqueen” Podcast: Ep. 01 – https://www.newsbtc.com/news/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 02 – https://www.newsbtc.com/news/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 03 – https://www.newsbtc.com/altcoin/ep03-onecoin-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Featured Image: The Missing Cryptoqueen’s logo from the BBC | Charts by TradingView

US Charges Chinese Spies in Scheme to Bribe Government Employee With Bitcoin to Steal ‘Secret’ Documents

The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000 in bitcoin for stealing the information, according to the U.S. Department […]

Cash App Users Can Now Send and Receive Bitcoin via Lightning

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After Mango Market exploit, Compound pauses four tokens to protect against price manipulation

Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans.

Crypto’s ‘Revolving Door’ Hires Are Raising Eyebrows Among US Lawmakers

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Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes.