Over the past few years, a wave of digital asset firms collapsed for a mix of reasons—some dragged down by earlier disasters like the FTX and Terraform Labs fiascos. Here’s a closer look at a handful of wallets tied to those now- defunct ventures and a glimpse at what’s still sitting onchain. Collapsed Crypto Entities Still […]

$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi

The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit 
and is in the process of returning funds stolen through a Safemoon smart 
contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The 
U.S. Department of Justice (DOJ) announced on June 12 that it has seized and 
is in the process of […]

$680K From Crypto Exploit Recovered: DOJ Returning Funds to Victim

Strategy chair Michael Saylor said during a meeting with the country’s finance 
and crypto ministers that he welcomed the opportunity to advise Pakistan on 
its crypto ambitions.

Strategy’s Michael Saylor to help Pakistan with crypto pivot

Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now 
recovering and might aim for a move above the $106,800 resistance. Bitcoin 
started a fresh decline below the $106,800 and $105,500 levels. The price is 
trading near $105,800 and the 100 hourly Simple moving average. There was a 
break above a key bearish trend line with resistance at $105,000 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair could start a 
fresh increase if it clears the $106,800 resistance zone. Bitcoin Price 
Recovers Bitcoin price started a fresh decline after it failed to clear the 
$110,000 resistance zone. BTC declined below the $107,000 and $106,000 support 
levels. The price even dipped below the $104,000 support level. Finally, it 
tested the $103,200 zone. A low was formed at $103,078 and the price is now 
recovering losses. There was a move above the 23.6% Fib retracement level of 
the recent decline from the $110,411 swing high to the $103,078 low. Besides, 
there was a break above a key bearish trend line with resistance at $105,000 
on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $105,800 
and the 100 hourly Simple moving average. On the upside, immediate resistance 
is near the $106,000 level. The first key resistance is near the $106,750 
level. It is close to the 50% Fib retracement level of the recent decline from 
the $110,411 swing high to the $103,078 low. The next key resistance could be 
$107,500. A close above the $107,500 resistance might send the price further 
higher. In the stated case, the price could rise and test the $108,000 
resistance level. Any more gains might send the price toward the $110,000 
level. Another Decline In BTC? If Bitcoin fails to rise above the $106,750 
resistance zone, it could start another decline. Immediate support is near the 
$105,000 level. The first major support is near the $104,200 level. The next 
support is now near the $103,200 zone. Any more losses might send the price 
toward the $102,500 support in the near term. The main support sits at 
$100,000, below which BTC might gain bearish momentum. Technical indicators: 
Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. 
Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels 
– $106,750 and $107,500.

Bitcoin Price Bounces Back: Bulls Eye New Upside Leg

Vietnam has taken an official step toward legitimizing and regulating its 
digital economy with the passage of the Law on Digital Technology Industry—its 
first comprehensive legal framework recognizing crypto assets. The legislation 
not only distinguishes between virtual and crypto assets…

Vietnam’s new digital law brings crypto into the legal fold

The crypto trader was reportedly forced into a stolen vehicle by four 
assailants as part of a 50,000 euro kidnapping plot.