With no signs of crypto market recovery, the growth of cryptocurrencies has been down for days. The crypto heatmap is stained in red, with a few cryptocurrencies succeeding with a surge. However, it is a temporary pause for the market, and a recovery phase is soon to occur, followed by a bull market by the The post 4 New Cryptocurrencies You Should Watch Out In May appeared first on CoinGape .
Solana Price Analysis: On Tuesday, the cryptocurrency market witnessed a major outflow following the lead of Bitcoin price correction to $60000. The sudden sell-off tumbled most of the top altcoins including Solana which recorded an 11% intraday loss. The falling price teasing a breakdown from multi-month support hints the sellers lead an extended correction trend The post Solana Price Analysis: Will Market Sell-off Push $SOL Back to $100? appeared first on CoinGape .
Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was recently sentenced, which led to a variety of reactions. Zhao, charged with noncompliance in the implementation of an adequate anti-money laundering program in Binance, was given four months in prison. This is in spite of the fact that the Department of Justice (DOJ) did not The post DOJ “Sweet Deal” for Binance Changpeng Zhao Faces Backlash for Leniency appeared first on CoinGape .
Amid the post-halving volatility in Bitcoin, the altcoin market has showcased a consolidating trend with a slight bearish tone. ENA, the token of decentralized finance (DeFi) protocol Ethena, is reflecting this downswing by resonating within two downsloping trendlines of falling wedge patterns. However, this pattern is known for indicating the maturity of a downtrend indicating The post Ethena Price Caught in Wedge Pattern Sets Renewed Recovery Beyond $1 appeared first on CoinGape .
The crypto industry is likely to witness an influx of different digital assets Exchange Traded Funds (ETFs) as Litecoin proponents are now mulling the possibility of having a LTC ETF. Litecoin Structural Similarities With Bitcoin Defined Litecoin founder, Charlie Lee recently graced an interview where he spoke with optimism about the potential of a spot The post Spot Litecoin ETF: Founder Charlie Lee Teases Possibility appeared first on CoinGape .
The United States Department of Justice (DOJ) has charged Roger Ver, a notable figure in the cryptocurrency world, with tax evasion. Ver, often referred to as Bitcoin Jesus due to his early and substantial investments in Bitcoin, was arrested in Spain. The DOJ now seeks his extradition to face trial in the United States. Arrest The post US DOJ Charges Bitcoin Pioneer Roger Ver with Tax Evasion appeared first on CoinGape .
The United Kingdom’s National Crime Agency (NCA) and police have been granted expanded authority to deal with cryptocurrency used for illicit activities, including the power to “seize, freeze, and destroy” such digital assets. Under the new regulations, law enforcement in the UK will no longer need to make an arrest prior to confiscating crypto holdings. In a statement released by the UK Home Office, it was disclosed that police can now also seize materials such as passwords or memory sticks that could assist in ongoing investigations. Additionally, UK law enforcement will have the capability to eliminate a crypto asset if
The unveiling of the EigenLayer airdrop details has ignited a mix of applause and intense scrutiny. The plan outlines a distribution of 45% of 1.67 billion tokens to the community. This includes an initial season airdrop of 5%, targeting protocol stakeholders. Yet, restrictions on token transferability have sparked widespread concern and debate. EigenLayer has stated The post EigenLayer Airdrop Faces Backlash Over Token Lockup appeared first on CoinGape .
Crypto laundering has been an issue for the industry for a long time now. However, resurfacing as an issue creator, by using sophisticated techniques like coin mixers and peer-to-peer exchanges, the North Korean hacking collective Lazarus Group has been able to launder almost $200 million in bitcoin that has been stolen. Crypto Laundering Resurfaces After The post North Korean Group Lazarus Strikes Again With $200 Mln Crypto Laundering Case appeared first on CoinGape .
The sentencing hearing of Binance co-founder and former CEO Changpeng ‘CZ’ Zhao has just wrapped up with with Judge Richard Jones sentencing him to 4 months in prison Changpeng ‘CZ’ Zhao Gets Lenient Sentencing According to the live account from the Court, Judge Richard Jones revealed before the sentencing that he does not agree with The post Breaking: Changpeng ‘CZ’ Zhao Sentenced To 4 Months In Prison appeared first on CoinGape .