Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Digital coins recover
On Tuesday, crypto assets managed to recover a bit without any clear driver following news that the Federal Bureau of Investigation could be probing Quadriga over its missing money.
The FBI could be probing the crypto exchange bombarded by numerous lawsuits as for $136 million frozen by the company after in December its CEO had passed away.
The CEO of crypto exchange Kraken, Jesse Powell came up with a statement that the FBI as well as Canadian Mounted Police have been reaching out to his company for the last time. Besides this, Powell told that from his point of view the missing funds were transferred to other crypto exchanges.
His comments back claims from consulting firm ZeroNonCense, which ascertains that Quadriga stored up to 650,000 ETH on other crypto exchanges. Among them, it mentioned Bitfinex and Kraken.
Quadriga is blamed for missing up to CA$180 million dollars in crypto assets because of the death of its founder Gerry Cotton. The very essence of the issue is that Gerry Cotton happens to be the only person who has access to the company’s cold wallet.
Eventually, Bitcoin headed north by about 1.2% on the Investing.com Index concluding the trading session at $3,749.9.
In general, digital coins surged a bit, heading north to $128 billion at the time of writing in contrast with Monday’s result of $125 billion.
As for Ethereum, this digital currency went up by 3.3% being worth $129.08. Besides this, XRP rallied by 2.4% reaching $0.30825. Litecoin hit $9.165, adding 6.7%.
Furthermore, crypto finance company Circle has finished its acquisition of crowdfunding platform dubbed Seedinvest. The given move will enable the Goldman Sachs-baked company to have the tokenization of conventional financial contracts explored.
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The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.