A Kenyan court has ordered the weeklong detention of a man accused of 
operating a fraudulent cryptocurrency investment platform. Suspicious App 
Triggered Investigation A Kenyan court ordered the weeklong detention of the 
alleged operator of a fraudulent cryptocurrency-themed investment platform, as 
detectives investigate a multilayered scheme that collected about $440,000 
from unsuspecting investors. The order […]

Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe

Toncoin (TON) surged as markets priced in Pavel Durovs &#8220;Make TON Great Again&#8221; 
roadmap, briefly more than doubling in value.
The post Toncoin doubles on growing Make TON Great Again momentum appeared 
first on Crypto Briefing.

Toncoin doubles on growing Make TON Great Again momentum

California man gets 78 months in prison for a $250M crypto theft ring that 
used social engineering, laundering and hardware wallet raids.

Crypto thief gets 78 months as $250M wallet ring collapses

Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of 
recovering from the bad debt that hit its lending protocol after the Kelp DAO 
hack.

Aave liquidates Kelp DAO hacker’s rsETH positions on Ethereum, Arbitrum

Bitwise investment chief Matt Hougan says projections tipping stablecoins to 
hit $4 trillion in value by 2030 could happen if major tech firms continue to 
adopt them.

Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise

XRP price started a downside correction from the $1.4550 zone. The price is 
now consolidating and might aim for another increase if it stays above the 
$1.40 zone. XRP price started a downside correction after it failed to clear 
the $1.4550 zone. The price is now trading near $1.4080 and the 100-hourly 
Simple Moving Average. There is a bullish trend line forming with support at 
$1.4050 on the hourly chart of the XRP/USD pair (data source from Kraken). The 
pair could start a fresh increase if it settles above $1.4220. XRP Price Dips 
Again XRP price started a decent upward move above $1.3850 and $1.4150, like 
Bitcoin and Ethereum. The price gained pace for a clear move above the $1.4220 
resistance. A high was formed at $1.4570, and the price started a downside 
correction. There was a move below $1.4320 and $1.420. The price dipped below 
the 38.2% Fib retracement level of the upward move from the $1.3460 swing low 
to the $1.4570 high. The price is now trading near $1.4080 and the 100-hourly 
Simple Moving Average. There is also a bullish trend line forming with support 
at $1.4050 on the hourly chart of the XRP/USD pair. If there is a fresh upward 
move, the price might face resistance near the $1.420 level. The first major 
resistance is near the $1.4220 level, above which the price could rise and 
test $1.4350. A clear move above the $1.4350 resistance might send the price 
toward the $1.4550 resistance. Any more gains might send the price toward the 
$1.4620 resistance. The next major hurdle for the bulls might be near $1.4840. 
Another Drop? If XRP fails to clear the $1.4220 resistance zone, it could 
start a fresh decline. Initial support on the downside is near the $1.3050 
level. The next major support is near the $1.40 level and the trend line or 
the 50% Fib retracement level of the upward move from the $1.3460 swing low to 
the $1.4570 high. If there is a downside break and a close below the $1.40 
level, the price might continue to decline toward $1.3820. The next major 
support sits near the $1.3620 zone, below which the price could continue lower 
toward $1.350. Any more losses might call for a test of $1.3320. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $1.4050 and $1.4000. Major 
Resistance Levels – $1.4220 and $1.4550.

Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe

Comments