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Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating With Authorities in FTX Investigation; Bankman-Fried Declines to Comment on Singh’s Guilty Plea Former FTX director of engineering Nishad Singh pleaded guilty to charges of wire fraud, conspiracy to commit fraud, money laundering, and violating campaign finance laws in the United States, according to reports. “I am unbelievably sorry for my role in all of this,” Singh said in a New York court on Tuesday. During the hearing, Singh’s prosecutor, Danielle Sassoon, explained that Singh flew back from the Bahamas to assist with the U.S. investigation after FTX collapsed. Singh stated that he knew around mid-2022 that Alameda Research was using customer funds, and he also pledged to forfeit the p

The Algorand wallet provider said it still hasn't determined the cause of the attack, urging users to withdraw funds from wallets created with a seed phrase. A Wallet provider for the Algorand (ALGO) network, MyAlgo, has warned its users to withdraw funds from any wallets created with a seed phrase amid an ongoing exploit that has seen an estimated $9.2 million worth of funds stolen. MyAlgo tweeted the advice on Feb. 27 adding it still doesn’t know the cause of the recent wallet hacks and encouraged “everyone to take precautionary measures to protect their assets.” IMPORTANT: ️We strongly advise all users to withdraw any funds from Mnemonic wallets that were stored in MyAlgo. As we still don't know the root cause of recent hacks, we encourage everyone to take precautionary measures to protect their assets. Thank you for your understanding. — MyAlgo (@myalgo_) February 27, 2023 Earlier on Feb. 27 the team tweeted a warning of a “targeted attack [...] carried out against a g

Bitcoin price action is on a knife edge as analysis hopes that the monthly close can echo a positive end to the week. Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and is keeping bulls’ hopes alive in the process. Can the good times continue? The coming week could mean decision time for a key area of BTC price action around $25,000. Analysts are eyeing a breakout toward $30,000 if support can become more permanent, while concerns nonetheless remain that a trip back towards resistance reclaimed in January is still on the cards. Amid a quiet week for macroeconomic data, any catalysts for determining whether BTC/USD goes up or down may come from within Bitcoin itself. One thing is for sure, on-chain data shows — long-term Bitcoin hodlers are in no mood for selling yet, and at current prices continue to add to their BTC exp

India has asked the International Monetary Fund (IMF) and Financial Stability Board (FSB) to develop “a synthesis paper” on crypto assets as part of the G20 meeting of finance ministers and central bank governors under India’s presidency. “This would help in the formulation of a coordinated and comprehensive policy approach to crypto assets,” said India’s finance ministry. India Asks IMF and FSB for Technical Paper on Crypto The Indian government released on Saturday its “G20 Chair’s Summary and Outcome Document” following the first two-day G20 meeting of finance ministers and central bank governors that took place in Bengaluru on Feb. 24-25. Crypto regulation was among the topics discussed. During a panel discussion on cryptocurrency regulation as part of the G20 meeting, India requested that the International Monetary Fund (IMF) and Financial Stability Board (FSB) collaborate on a technical paper on crypto assets. According to the summary document: IMF and the FSB to jointly subm

Feb 23, 2023 at 10:40 // News Author Coin Idol Bitcoin (BTC) price is currently moving in the bullish trend zone after a rally on February 15. Bitcoin price long-term forecast: bullish The resistance level at $25,000 was tested three times by the BTC price last week, but the upward momentum did not last. The most recent test took place on February 21, and Bitcoin was rejected at the high of $25,227. Today, the largest cryptocurrency climbed back above the $24,000 support and is now consolidating back above it. Bitcoin (BTC) has been consistently trading above th

Join Our Telegram channel to stay up to date on breaking news coverage The United Nations (UN) has called for Russia to withdraw its troops from Ukraine. This came after a vote where the majority voted overwhelmingly in favor of the decision. The call for a “comprehensive, just and lasting peace” comes after the two countries have been at odds and in battle for a year now, with the UN demanding unconditional withdrawal. Conflict between Russia and Ukraine completes one year, Putin and Zelensky, still unwilling to back down, UN passes a resolution on the need to reach comprehensive, just and lasting peace in #Ukraine, calls for #Russia to end hostilities and withdraw its forces from Ukraine pic.twitter.com/8S30vygtc7 — DD News (@DDNewslive) February 24, 2023 UN Voter Turnout In The Russo-Ukraine Conflict Resolution Mission The decision was made on Thursday night when out of the 180 member countries of the UN, 141 voted in favor, seven voted against, and 32 were absent. Th

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin ’ s mid-week slip and slide has gripped everyone ’ s attention in the crypto world. The star kid of the crypto market – Bitcoin – was trading on wobbly grounds before the release of the FOMC minutes. However, it picked itself up after the drop and is now rallying above the $24,100 mark. Although the token is a bit shaken from these dramatic price swings, it has refused to sink any further for now. Is there going to be a reversal now or a pullback? Let us go into an in-depth Analysis to gain more insights into Bitcoin price behavior this week. Bitcoin Price Pulls Back At $24,300 Bitcoin was trading at $24,345 at the time of writing this article. Yesterday BTC ’ s price was around $24,120. This indicates a rise of around 1.2% in the last 24 hours. BTC’s price touched a low of around $23,500 and a high of around $24,500 over the past 24 hours. This indicates a fluctuation of around $1000 per BTC toke

BTC price action is all but guaranteed to benefit from extra central bank liquidity, but the journey higher is fraught with difficulty, says QCP Capital. Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge” resistance. That was the opinion of trading firm QCP Capital, which in its latest crypto market research piece, “The Crypto Circular,” warned that Bitcoin faces risks far beyond the Federal Reserve. Bitcoin "most direct global liquidity proxy" Having survived the latest flood of macroeconomic data from the U.S., Bitcoin is nonetheless flagging right below $25,000 as bulls run out of momentum. For QCP Capital, there is now reason to believe that risk factors for price performance will come not just from the Fed but China and Japan. Market participants must now contend with such issues as China’s Consumer Price Index (CPI) as well as the U.S. equivalent, along with Japanese central bank policy change

ETH derivatives data shows bullish traders becoming more comfortable with the $1,700 price level, creating an opportunity for further rallies. The price of Ether (ETH) rallied 18% between Feb. 13 and Feb. 16 but has since been range trading near the $1,700 level . Despite the recent price improvement, Ether Derivatives metrics remain neutral-to-bullish ponder the investors the tighter regulatory environment and the potential impact of Ethereum’s  Shanghai upgrade. Investors' biggest concern right now is regulation, especially after the United Kingdom’s Financial Stability Board (FSB) recently stated that most stablecoins fail to meet international standards. The entity was created by the G20 and is affiliated with the Bank of International Settlements (BIS). FSB chair Klaas Knot stated that the appropriate regulation of crypto-assets should be "based on the principle of same activity, same risk, same regulation." In more positive news, there has been some improvement i

When carefully configured, cryptocurrency grid trading bots automatically execute orders to make profitable trades. Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots.  To create a grid of orders that covers a range of potential market movements, this method entails placing numerous orders at incremental price levels above and below the present market price. Generally, the trading bot places buy/sell orders between a predetermined price range, constructing an automated trading grid. This automation allows crypto traders to benefit and make profits on even small price fluctuations and avoid emotional decisions thereby increasing profitability potential in both bull and bear markets.  This article explains what grid trading is, how grid trading bots work and their

Every year, consumers and investors send the regulator thousands of complaints about possible crypto scams. It looks like the regulator has done something with the information. The California Department of Financial Protection and Innovation launched crypto fraud tracker to help traders and investors identify industry dangers. The tracker was released by zDFPI on February 16. The agency compiles crypto-related complaints from customers who were duped or witnessed frauds. The list describes how people lost money through scams or tricks. The DFPI received hundreds of complaints from consumers and investors about the frauds on the list. But it did not check them. Source: DFPI “Scammers are in the shadows using the public’s interest in crypto assets to take advantage of the most vulnerable Californians,” said DFPI Commissioner Clothilde Hewlett. She also said that steps were being taken by the department to find them: “Through the new Crypto Scam Tracker,

Luke Dashjr, a Bitcoin OG and core developer, says his PGP key was hacked, which led to almost all of his Bitcoin being stolen on December 31. Luke Dashjr, one of the first people to work on Bitcoin, says he lost “basically” all of his BTC in a hack just before the new year. In a tweet from January 1, the developer said that the alleged hackers had gotten their hands on his PGP (Pretty Good Privacy) key. This standard security method uses two keys to get into encrypted information. In the thread, he gave the address of a wallet where some of the stolen BTC had been sent, but he didn’t say how much of his BTC had been taken. PSA: My PGP key is compromised, and at least many of my bitcoins stolen. I have no idea how. Help please. #Bitcoin — @LukeDashjr@BitcoinHackers.org on Mastodon (@LukeDashjr) January 1, 2023 When this was written, the wallet address in question showed four transactions between 2:08 and 2:16 UTC on December 31 that added up to 216.93 BTC

A fresh burst higher into the weekly close for BTC price comes in tandem with suspicions over the motives of large-volume Bitcoin exchange traders. Bitcoin (BTC) tapped $25,000 for a third time on Feb. 19 as an all-important weekly close approached. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis warns over whale moves Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,038 on Bitstamp. Out-of-hours trading continued to see bulls pushing for a support-resistance flip of the key level, this marking the start of a major resistance cloud involving several long-term trend lines. With everything to play for into the weekly close, the atmosphere among traders was tense. "Sunday price movement can typically only be trusted towards daily close. Other than that, just gotta hope it stays in current range," popular trader Josh Rager acknowledged on Twitter. Analyzing Binance order book activity, monitoring resource Material Indicators war

Join Our Telegram channel to stay up to date on breaking news coverage Paul Bettner, a seasoned video game producer who co-created the popular mobile game Words With Friends and contributed to the creation of the iconic Age of Empires franchise, has been working on his Web3 game Wildcard for more than five years. Finally prepared to share it with the world, he is now. The launch of the first Wildcard public playtest is scheduled for February 23 as part of an occasion called “Melee on the Meteor.” The game is a competitive multiplayer online battle arena (MOBA) game similar to hits like League of Legends and Dota 2, which Bettner claims was created with spectators in mind. Using the Ethereum scaling network Polygon, Wildcard offers Web3 integration, player-versus-player (PvP) games, virtual NFT cards, and real-time strategy (RTS) components. Viewers may watch from inside the in-game 3D arena as two characters engage in a massive brawl during “Melee on the Meteor” and even earn