Crypto Espresso: Your quick shot of the latest crypto moves and news

Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.

Morning Coinheads!

It’s Wednesday in Cryptoland and some light has been shone overnight into the deepest depths of the Darknet, with US and German authorities nabbing a bunch of bad person’s Bitcoin.

Let’s begin.

 

Largest Darknet market shut down by US, German authorities

Bloomberg: The Hydra Market’s servers were shut down and cryptocurrency wallets containing US$25 million worth of Bitcoin were confiscated by German police on Tuesday.


 

Axie hack: Youbi CEO says Sky Mavis’ only focus was profit

Capital.com: Cryptocurrency developers must be more open about their projects in the wake of the US$625.5m Axie Infinity hack, and lost billions in NFT scams, says the CEO of Youbi Capital.

 

Keep Network price prediction: adding privacy to public blockchains

Capital.com: We have a price prediction on the off chain data storage company Keep Network’s coin, unsurprisingly known as KEEP. Under the glare of growing attention, the coin lost nearly all the gains it made from a 10% spike yesterday, falling away rapidly, as it dropped to US$0.656.

 

Zilliqa (ZIL) price prediction: Near 300% jump on Metaverse hype

Capital.com: Zilliqa’s native token, ZIL, is currently one of the hottest cryptocurrencies in the market. In fact, over the last 30 days of trade, ZIL has emerged from the pack, climbing over 250%.

 

Stacks price prediction: New highs in 2022?

Capital.com: Stacks (STX), a decentralised application platform, fell to a 90-day low of US$0.9875 on 24 February amid the meltdown of the global cryptocurrency market.

By 5 April, the STX token price rebounded to around US$1.45.

 

More Singaporeans are likely to buy cryptocurrency

The Straits Times: And here are three handy things Singaporeans need to know about the new asset class.

 

This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.