Cryptocurrency

The Moskowitz Law Firm has obtained permission from a Florida district court judge to serve legal notice to Tom Nash, a cryptocurrency YouTuber, via a tweet. This came after lawyers claimed that they were unable to serve him through other means. As a result, on May 2, the court issued an order allowing the firm to use Twitter to deliver the lawsuit.Tom Nash, who is believed to live in Georgia, is the final defendant among ten individuals named in a class-action lawsuit. The lawsuit accuses influencers of promoting the now-defunct cryptocurrency exchange FTX without disclosing their financial compensation.The filing included instructions on how to serve Tom Nash via Twitter. The Moskowitz Law Firm was instructed to share a legal notice URL via its official Twitter account and tag Nash’s Twitter account.Additionally, the firm was required to send the URL to Nash’s publicly known email address via email. The filing also cited:Moreover, the filing revealed that in a previous attempt to contac+t Nash, the lawyers sent an email to an address he had publicly posted, and it did not bounce back. This indicates that Nash received the suit and his email address is valid and operational.Under a federal ruling, a district court may order an alternate method for serving foreign defendants, as long as it is not in violation of international agreements and is likely to effectively notify the defendant. The filing explained that Georgia and the United States are both signatories of The Hague Convention, which provides a standardized method for serving legal documents between countries.The post Moskowitz Law Firm Serves Crypto Influencer Legal Notice On Twitter appeared first on Coin Edition.See original on CoinEdition More

A trader by the name of Crypto Rover shared his latest technical analysis for Bitcoin (BTC) in a YouTube video yesterday. In the video, he warned that a “dangerous” bearish head and shoulders pattern has formed on BTC’s 12-hour chart. According to the trader, this bearish chart pattern suggests that BTC’s price could fall in the coming few days.Crypto Rover added that BTC is currently trading in the downtrend established on the larger time frame charts, after BTC’s price set a lower low in the past few days. As a result, the trader’s downside target for BTC’s price is at $24K. On the other hand, he also set an upside target for BTC at around $32.5K if there is a break toward the upside.BTC/USDT 12-hour chart (Source: TradingView)Crypto Rover stated that a confirmation of BTC’s price soaring to $32.5K will be when it breaks above the upper bound of the current consolidation pattern. On the other hand, a break below the base of the current head and shoulders pattern will cause BTC’s price to drop to the aforementioned $24K mark.Lastly, Crypto Rover also forecasted that BTC’s price will experience a vast amount of volatility today as a result of the Federal Open Market Committee (FOMC) meeting taking place later today. He believes that this volatility will continue for the next few days.At press time, BTC was changing hands at $28,628.56 following a 1.91% gain over the last 24 hours, according to CoinMarketCap. BTC also strengthened against Ethereum (ETH) by 0.21% during this time.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Trader Warned That BTC’s Price Is at Risk of Dropping to $24K appeared first on Coin Edition.See original on CoinEdition More

Upbit has announced the listing of the SUI token for the KRW and BTC markets. The exchange also mentioned that, currently, only mainnet deposits are allowed. Deposits from networks, including BSC, are not supported at present.The exchange has declared that regardless of whether the value of the deposited tokens exceeds KRW 1 million, the travel rule will apply to all SUI deposits made before SUI is registered on CoinMarketCap. Additionally, the exchange mentioned that information about SUI deposit and withdrawal procedures will be provided through a notice after evaluating the network situation.Upbit also asked users to keep in mind some of the limitations. These include the restrictions on buy orders during the first 5 minutes of trading. The exchange mentioned that the price during the initial 5-minute trading period, when the sale order restriction is in place, will be announced in a subsequent notice and will reflect the market price of other exchanges at a later time. Additionally, market orders for Buy/Sell and reservations for Buy/Sell orders will be restricted for approximately one hour after market support.Upbit has also cautioned the users that they will be able to deposit and withdraw assets from a personal wallet address that has undergone a self-verification process.SUI (IOU) is currently listed on CoinMarketCap, and its current price stands at $2.51. According to the data, SUI is available to trade on BitForex, Hotbit, DigiFinex, and SuperEx. The price has touched a high of $3.19 in the last 24 hours. The SUI token also has an initial circulation of 528,273,717 SUI, out of its total supply of 10,000,000,000.The post Upbit Unveils Listing of SUI Token on KRW and BTC Markets appeared first on Coin Edition.See original on CoinEdition More

The crypto trader Classy Crypto uploaded his latest analysis for Terra Classic (LUNC) to his YouTube channel this morning. In the video, the trader expressed his desire for proposals and plans to recover the Terra Classic ecosystem.Classy Crypto also stated in his video that the Terra community is still very active during voting periods, which is a positive sign for the ecosystem. As a result, he believes that LUNC’s price will enter into a strong rally in the next crypto bull run.Should BTC’s price break past $29.1K, then it could result in a BTC run beyond $30K, as well as LUNC’s price receiving a pump, according to Classy Crypto. With this potential pump in LUNC’s price, the analyst shared that he may look to take profit once LUNC’s market cap reaches $10 billion and then once again when it reaches $20 billion.The trader’s strategy will change slightly, however, if the Terra Classic team burns several trillion tokens in the near future. Classy Crypto shared that he will not want to miss out on long-term gains should trillions of LUNC be burned in the short-term.Daily chart for LUNC/USDT (Source: TradingView)At press time, CoinMarketCap showed that the altcoin printed a small 0.79% gain over the last 24 hours, standing at $0.0001058. The altcoin was unable to print a gain against Bitcoin (BTC) and Ethereum (ETH) during this time period, and was down 0.85% against BTC and 0.88% against ETH.BTC was able to establish a 24-hour high of $28,881.30 in the past day, but has since experienced a pull back. Meanwhile, the crypto’s daily low stood at $27,935.73 at press time.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post LUNC Community’s Activity Is a Positive Sign Says Trader appeared first on Coin Edition.See original on CoinEdition More

Together, the Azuki, Wrapped CryptoPunks and Milady NFT collections represent the largest collateral, with over 8,000 Ether (ETH) worth in market value pledged. The top Blur lender, who has issued 58 loans worth 1,180 ETH, is Taiwanese celebrity Jeff Huang, also known as Machi Big Brother.Continue Reading on Coin Telegraph More

Bitdeer Technologies, the digital asset mining service company, announced the company’s proposal to develop “green crypto mining” in Bhutan to establish carbon-free mining, utilizing the Himalayan nation’s hydroelectric power. Notably, Bitdeer Technologies announced in a statement on Wednesday that the company would approach its investors seeking their contribution to the fund needed for the project. Presumably, an overall amount of $500 million would be necessary to establish the green crypto-mining project in Bhutan.According to the report, the company would raise a 100-megawatt project in Bhutan, the construction of which would begin by the second quarter of 2023. It was also added that the project would be finalized in July through September. Ujjwal Deep Dahal, the CEO of Druk Holding & Investments commented that mining is one of the most feasible ways to extract the maximum opportunities of the crypto industry, adding:The CEO of Bitdeer Technologies, Matt Linghui Kong, declared that both Bitdeer and Druk would contribute to the new project’s estimated fund. Dahal added that the nation would currently focus on mining the leading crypto asset Bitcoin.It is noteworthy that the country has been researching various methods to diversify an economy reliant on hydropower revenues. For years, Druk has been working on various traditional investment areas including stocks, real estate, and technology along with the recent approach to crypto mining, acknowledging it as a “future-facing” strategy.The post Bitdeer Seeks Investors’ Contribution to Crypto Project Fund in Bhutan appeared first on Coin Edition.See original on CoinEdition More

In an announcement sent to Cointelegraph, Bitdeer and DHI said they would launch the partnership by creating a closed-end fund with an approximate value of $500 million. The firms aim to start their fundraising efforts at the end of May to attract investments from around the world. Continue Reading on Coin Telegraph More

The U.K. government announced its new fraud strategy, pledging 400 new jobs to update its approach to intelligence-led policing. The government will work alongside the telecoms regulator, the Office of Communications, commonly known as Ofcom, to use new technology to counter phone number “spoofing,” which would prevent fraudsters from impersonating legitimate U.K. phone numbers.Continue Reading on Coin Telegraph More