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A South Korean court has handed a suspended jail term to a civil servant who stole thousands of USD worth of public funds to pay for crypto investments. Per Yonhap, the public official was handed a one-year suspended prison sentence, as well as two years of probation. The official was not named for legal reasons. The individual was in charge of budget expenditure at an administrative welfare center in the city of Ulsan, South Gyeongsang Province.... Read More: South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto

cryptonews

South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto

When the Pepe coin price retraced 80% following its Binance listing, several 'next Pepe' rivals rose in the price charts - are they scams or a good buy? $KERMIT token is currently in the top ten most trending cryptocurrency assets on DEXTools, appearing on its 'hot pairs' list with a double digit bounce in the past day following an even more explosive pump over the weekend.... Read More: Frog Cryptos Pump as Pepe Price Dumps - Kermit, Memetic PepeCoin, PepeDerp Up

Frog Cryptos Pump as Pepe Price Dumps - Kermit, Memetic PepeCoin, PepeDerp Up

Top crypto analytics firm Glassnode says a number of on-chain metrics are now suggesting that Bitcoin (BTC) is getting ready to move into a new price range. In its latest update, Glassnode says that BTC prices are tight and a “volatility spring” has coiled, signaling that Bitcoin is prepared to break out of its current The post Bitcoin Looks Increasingly Ready To Breakout As BTC On-Chain Metrics Reach Boiling Point: Glassnode appeared first on The Daily Hodl .

The Daily Hodl

Bitcoin Looks Increasingly Ready To Breakout As BTC On-Chain Metrics Reach Boiling Point: Glassnode

The award-winning filmmaker says blockchain tech provides a powerful way for artists to connect with audiences.

Decrypt

Web3 Can Help Marginalized Communities Share Their Stories: Jordan Bayne

In a recent interview on the "What Bitcoin Did" YouTube channel, Arthur Hayes, co-founder of BitMEX, a cryptocurrency exchange platform, shared insights into his future plans with his fund, Maelstrom.

crypto.news

The co-founder of BitMEX shares his ideas on the future of crypto investing

Bitcoin transaction fee revenue skyrocketed in May thanks to the growth in bitcoin NFTs.

TheBlock

Bitcoin transaction fee revenue soared this month thanks to Ordinals

Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition, of which USBTC is a member. USBTC said it aims to revive the fleet

Bitcoin.com

US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

Tron revenue was only behind Ethereum in the last seven days. Its daily active addresses and daily transactions also spiked this month, as did its DEX volume.

AMB Crypto

Tron can easily overtake Ethereum, but for…

The whale bought the ETH for $0.31 per token. Continue reading at DailyCoin.

Daily Coin

ETH Wallet Dormant Since 2015 Moves 8,000 ETH in Minutes

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.

CoinTelegraph

From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29

In a quest to uncover the future of meme coins, I found myself at the digital doorstep of an intriguing entity – ChatGPT, OpenAI’s renowned language model based on the GPT-4 architecture. I aimed to decipher the future of a meme coin that has seen much buzz recently – PEPE. The million-dollar question – “Will ... Read more

Cryptopolitan

I asked ChatGPT: Will PEPE ever hit $1?

Polygon Price Prediction 2023-2032 In an official blog post, Polygon explains how they were able to retire $400,000 of carbon credits that offset the entirety of CO2 debt accumulated by the network since inception. Polygon is always on the forefront of green business. They lead their industry by converting to carbon neutrality and moving towards ... Read more

Polygon Price Prediction 2023-2032: Is MATIC Going Past $1 Soon?

Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro.

Do Kwon retains Dentons law firm to defend against US charges

The Bank of Japan (BOJ) has unveiled the outcomes of the second phase of its proof-of-concept (PoC) experiment for a

The News Crypto

Japan Takes Next Step with Digital Yen Pilot Project Following Second Successful Trial

Pancake Protectors enlists the CAKE token to lure new users to Web3 gaming.

PancakeSwap Launches Tower Defense Game—With CAKE Token Rewards

Bitcoin miners in the United States will not be taxed for consuming energy, following US debt ceiling negotiations.

Crypto Potato

US Scraps Plans for Bitcoin Mining Excise Tax, Congressman Confirms

The latest Aptos price analysis shows signs of a strong downtrend, as the price curve shows a downward movement for the day. The selling pressure is mounting, and the coin has dropped to a low of $8.45. The resistance present at the level of $8.62 could not hold the bearish momentum, and APT eventually broke ... Read more

Aptos price analysis: Bearish momentum brings APT down to $8.45 as selling pressure mounts

Huobi HK has filed for a virtual asset exchange license and now offers spot trading & virtual assets custodian services

Huobi Offers Spot Trading & Virtual Assets Custodian Services in Hong Kong

BKEX, a cryptocurrency exchange, has suspended withdrawals of user funds as it looks into claims that the platform was used for money laundering.

BKEX suspends withdrawals amid money laundering probe

EOS Network, a popular open-source blockchain platform prioritizing high performance and security, has recently witnessed a sharp price decline. The asset exhibits bearish sentiment in the 30-Day timeframe. Related Reading: The Best Decision Is To ‘Buy Bitcoin (BTC),’ Robert Kiyosaki Urges The EOS price is down by 14.19% in its one-month data from CoinMarketCap. This suggests that the bears have controlled the market since the last 30 days trading session. This shift in market sentiment raises questions about what lies ahead for EOS. EOS Faces High Bearish Momentum, Further Price Decline, or Potential Reversal? The bearish sentiment and the loss of control by the bulls have had a noticeable effect on EOS’s price. The cryptocurrency has experienced a downward trend, with declining trading volumes and increased selling pressure. Notably, the 24-hour trading volume is declining by 13.29% today, May 29, 2023, and its market cap is down by 1.32%. As of the time of writing, the price of EOS is down by 1.28%, at $0.89. This trend reflects a shift in market dynamics as investors become more cautious and start to sell their EOS holdings. Despite the prevailing bearish sentiment, potential catalysts could alter the trajectory for EOS. On May 26, the EOS network shared potential bullish news about its partnership with Hypha DAO and an initiative dubbed Beta Program. EOS network claims that the Beta program will offer a range of pre-configured templates designed to meet different firms’ needs and objectives. Generally, this news may lead to a positive market impact on the EOS price and market sentiment. EOS’s positive development and partnership can attract new buyers and increase demand, increasing prices. Also, Fear of Missing Out (FOMO), a psychological phenomenon, can create a buying frenzy and drive the price even higher quickly. EOS Price Formed Double Bottom Pattern In that sense, the EOS/USDT has formed a double-bottom chart pattern, suggesting a potential uptrend movement soon. The double bottom pattern is a bullish reversal pattern that typically forms after a prolonged asset price decline. Confirming the double bottom pattern occurs when the asset’s price breaks above the resistance level formed by the peak between the two bottoms. This breakout confirms the reversal signal and suggests a higher probability of an upcoming uptrend. Related Reading: JPMorgan Predicts Bitcoin (BTC) To Revisit $45,000, Here’s Why EOS has an important resistance level at $0.931, which represents a significant blockage for possible bullish movement. Bollinger Bands and MACD Signal Potential Trend Reversal The asset is currently oscillating between the upper band and middle band of the Bollinger Band indicator. This suggests an increase in the buying pressure and a rising bullish momentum. In addition, the Moving Average Convergence/Divergence (MACD) is currently above its signal line, suggesting bullish momentum. This indicates that the buyers are gradually taking over the market, and there might be a potential trend reversal soon. As seen in the chart above, the histogram is above zero and has strong green bars, further confirming the bullish sentiment in the market. Featured image from Pixabay and chart from TradingView

NewsBTC

Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead?

The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.

Jimbos Protocol offers deal to hacker, threatens police action

The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears.

Price analysis 5/29: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

Any foreigners caught using cryptocurrency on the island of Bali as a form of payment would be “dealt with firmly,”

Governor of Indonesia Warns Tourists Against Use of Crypto as Payment

Binance CEO Changpeng Zhao recently revealed that his company plans to make investments into several bank. By becoming a minority investors, the exchange will try to guide the banks towards crypto friendly policies.

Ethereum World News

Binance Looking To Invest In Banks To Encourage Pro-Crypto Policies

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