Three top executives of cryptocurrency company SafeMoon, including CEO John Karony, have been charged with running a multi-million dollar fraud scheme, with allegations of lying to investors and using investor funds for personal gain, according to federal prosecutors and the Securities and Exchange Commission.
Multi-chain NFT marketplace Magic Eden is partnering with Bored Ape Yacht Club creator Yuga Labs to launch a new Ethereum platform that will enforce creator royalties on NFT sales. The platform will use innovative smart contracts to ensure royalties are paid out during secondary market sales, without requiring traders to undergo know-your-customer checks. This collaboration aims to support content creators and challenge the trend of marketplaces neglecting royalty enforcement.
Solana (SOL) may experience a market correction if it fails to flip a key level into support, warns a crypto analyst, while Bitcoin (BTC) is expected to rally before its halving and Dogecoin (DOGE) faces resistance in breaking out of a descending channel.
The United States Supreme Court has decided to review a legal dispute involving Coinbase and its users, specifically focusing on whether a judge or an arbitrator should determine which contract governs disputes, which could have significant implications for companies that use arbitration clauses.
Dogecoin (DOGE) is expected to experience a breakout rally after surpassing its diagonal resistance on the weekly chart, according to a popular crypto trader, who also suggests that Pepe (PEPE) may see an eventual move to the upside despite a possible further decline in the short term.
The United States Commodity Futures Trading Commission (CFTC) has proposed new rules for futures commission merchants and derivative clearing organizations, requiring high liquidity in customer fund investments, but these rules do not account for LedgerX's unique operational model as a direct client access DCO, prompting concerns about regulatory deficiencies.
Shiba Inu (SHIB) price is facing consolidation as bullish momentum weakens, with on-chain data suggesting a decline in trading activity among whales and a decrease in market demand, potentially leading to a downward price movement toward $0.000006.
Major asset management firms are applying for Bitcoin spot ETFs after Grayscale Investments' legal victory, indicating mainstream financial acceptance, while the upcoming Cancun upgrade in Ethereum's ecosystem is set to redefine how decentralized applications operate, setting the stage for transformative changes in the cryptocurrency market in Q4 2023.
Artificial intelligence will eventually render jobs unnecessary, according to Elon Musk, but other experts, like Mustafa Suleyman, believe it's too early to predict the replacement of humans by AI.
Crypto trader Avi Eisenberg's trial for commodities manipulation and wire fraud, relating to an alleged trading strategy against Mango Markets, has been delayed until April 8, 2024, due to logistical issues and the complexity of the case.
Elon Musk's competing technology company, xAI, is releasing its first AI chatbot to a select group of users, aiming to build an artificial general intelligence with a focus on transparency and truth-seeking. Musk's project comes in response to the surge of AI development, particularly after OpenAI's launch of ChatGPT, and he has been critical of OpenAI's approach to AI regulation and its shift to a for-profit model. Despite the criticism, Musk and others agree that regulation is necessary for responsible AI development.
SEC Chairman Gary Gensler and Commissioner Hester Peirce have conflicting views on the application of securities law to crypto, with Gensler criticizing the industry and accusing participants of violating securities laws, while Peirce recognizes the need for a viable regulatory framework and empathizes with entrepreneurs trying to navigate current regulations.
OpenSea, a non-fungible token (NFT) platform, has implemented significant layoffs as NFT prices continue to decline and in preparation for the launch of OpenSea 2.0, its revamped marketplace.
Bitcoin's rally has cooled off, but altcoins like Ripple's XRP, Solana (SOL), and Cardano (ADA) continued to post double-digit gains, with Solana experiencing the biggest growth of 22.9% over the week; meanwhile, Ethereum grew 2% and Bitcoin increased by 2.7% to hit a price of $34,802.
A federal judge has denied Coinbase's motion to force a lawsuit into arbitration, allowing the case to proceed in court, as plaintiffs claim that the crypto exchange misled users about the requirements to enter its 2021 Dogecoin sweepstakes.
Despite layoffs at OpenSea, the NFT market saw a significant increase in trading volume in October, with a growth of $99 million compared to the previous month, signaling a potential recovery from the yearlong downward trend in NFT trading.
The on-chain analysis indicates that the majority of Bitcoin supply has not moved for the past 3 months, suggesting that investors are holding onto their coins and waiting for the bull market to begin. This behavior aligns with previous cycles where long-term holders were the catalyst for a mature bull market.
Bitcoin traded in a range on Friday as the cryptocurrency market experienced a lull following recent volatility and geopolitical tensions, while stocks rose after the release of the October jobs report indicated a possible end to the Federal Reserve's rate-hiking campaign.
The U.S. Supreme Court has agreed to hear a dispute over Coinbase's attempt to move a dispute with users out of courts and into private arbitration, a process preferred by businesses for its efficiency and cost-effectiveness.
A trader exploited a momentary opening of the Multichain cross-chain bridge, turning $280,000 worth of Fantom's tokens into $1.9 million, leading to speculation of an insider job; Solana's token has surged 80% in a month; Avalanche is shutting down its Etherscan-powered blockchain explorer tool amid fee controversy; LayerZero's new bridged token has drawn criticism from nine protocols in the Ethereum ecosystem; and the top 100 DeFi tokens continue to experience bullish momentum.
Charlie Munger, vice chairman of Berkshire Hathaway, discussed his views on investing, the role of stock pickers, cryptocurrency, and the upcoming release of Berkshire's third-quarter financials in an interview with The Wall Street Journal. Munger acknowledged the challenges of making substantial acquisitions in the venture capital sector, expressed skepticism about stock pickers, emphasized the importance of strong, sovereign-issued currencies, and downplayed the need to break up major tech companies. Berkshire Hathaway is expected to benefit from high short-term interest rates, potentially setting a new record for its cash holdings and boosting its operating earnings.
NFT marketplace startup OpenSea has confirmed that it has laid off about half of its staff as it focuses on building a more nimble and improved version of the platform known as "OpenSea 2.0." The company aims to be a leader in the industry and plans to streamline its team and adopt a flatter organizational approach.
China-based BTC Digital has announced the purchase of 220 new Bitcoin mining units, expanding its total number of machines to 2,174, with plans to increase further, as it aims to improve its financial conditions and maximize value for shareholders.
The United States Federal Reserve has sent a cease-and-desist letter to Bitcoin Magazine, accusing the publication of trademark violations over its use of the word "FedNow" on merchandise, but Bitcoin Magazine argues that it is protected free speech and will continue selling the items.
A bitcoin whale, who previously accumulated a significant amount of BTC at lower prices, sent 7,000 bitcoin to Bitfinex, potentially indicating the intention to realize profits from earlier purchases.
Former top executives of meme coin SafeMoon have been charged with fraud for diverting and misappropriating $200 million of customer funds to purchase luxury items, leading to their arrests and a crackdown on fraudsters in the crypto space.
Bitcoin (BTC) experienced a mild correction after briefly surpassing $35,000, with support levels at $33,390 and $31,000 being crucial for maintaining a positive trend, while other top cryptocurrencies like Ether (ETH), BNB, XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Toncoin (TON), Chainlink (LINK), and Polygon (MATIC) face various levels of resistance as they attempt to sustain their bullish momentum.
IOG, the parent company of Cardano blockchain, has introduced a new framework called Partner Chains, which aims to revolutionize the launch and operation of new blockchains by leveraging Cardano's offerings and Polkadot technology. Despite its potential, Cardano has seen a decline in developer activities in the past year.
SwissBorg has developed the Smart Engine, a meta-exchange that provides a unified experience for trading across different centralized and decentralized exchanges, and it has recently integrated with the Solana blockchain, allowing users to access liquidity and trading pairs from major Solana DEXs. The Smart Engine offers lower prices, security, and convenience by instantly checking multiple exchanges and offers a wide range of trading pairs. SwissBorg aims to bring together traditional finance and decentralized asset markets through its unified finance infrastructure.
Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) reaches an all-time high, indicating growing institutional interest, while Bitcoin options markets show a rising demand for protective put options.
Coinbase is ready to seize the opportunity if a spot Bitcoin ETF is approved, anticipating increased market stability and liquidity similar to other asset classes like gold ETFs.
Analysts expect negative short-term price action if a bitcoin spot ETF is rejected by the SEC, although bitcoin's existence does not depend on an ETF.
The global assets invested in Bitcoin ETFs now amount to $4.16 billion, with $2 billion invested in the seven spot Bitcoin ETFs launched in Canada, while the US has only approved futures-based ETFs.
Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin have reached $4.16 billion, with Canada leading the way with $2 billion invested in seven spot bitcoin ETFs, while the US currently only allows ETFs tied to futures contracts.
Solana (SOL) is experiencing a downward trend due to significant transfers of SOL from FTX-linked addresses, which are part of the liquidation process of the collapsed FTX estate, putting sell pressure on the token; however, SOL still exhibits bullish momentum overall with a notable increase of 23.9% in the past week.
Warren Buffett remains skeptical about cryptocurrency investments but has made a successful bet on Nu Holdings, a Brazilian fintech company that accepts cryptocurrencies, while diamonds are emerging as an alternative investment option due to diamond standardization and their potential inclusion in commodity indices.
Solana-based Web3 tools are driving returns and providing valuable customer data insights, as demonstrated by brands like Boba Guys and the integration of Solana Pay into Shopify. These achievements highlight the potential of blockchain-based solutions for businesses and the growing adoption of Web3 technologies.
Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, has been found guilty of fraud and conspiracy, bringing relief to the crypto industry but highlighting concerns about the ease with which fraudulent entrepreneurs can gain influence.
Cryptocurrency custody firms BitGo and Copper are partnering to combine their settlement networks, enabling users to access major exchanges without moving their assets from cold storage, with plans to expand into the US market.
Crypto platform Coinbase posted a mixed third-quarter earnings report, with revenue beating estimates but trading volumes and the number of people trading on its platform declining, while the overall crypto market has been affected by recent scandals.
Teladoc, Etsy, and Fiverr are three growth stocks that investors may consider for their portfolios due to their promising businesses, steady revenue growth, and potential for long-term growth.
Decentralized finance project SafeMoon, which has been charged by the SEC for security rules violations and fraud, is closely examining recent developments and aims to resolve the situation promptly while continuing its mission to serve users and advance the project's vision.
Hackers in Singapore are using a new phishing scam that targets WhatsApp users, tricking them into connecting their accounts to a fake website and gaining access to their contacts. This particular scam is a growing concern due to the prevalence of phishing scams in the cryptocurrency sector and the irreversible nature of cryptocurrency transactions, making it difficult for victims to recover their assets.
XRP price surged above $0.60 after the SEC dropped charges against top executives, but on-chain data suggests that the rally may face resistance at $0.65 and whales may start booking profits, leading to a potential sell-off.
The price of major cryptocurrencies like Bitcoin, Ethereum, and XRP are expected to rally as the Federal Reserve hints at the end of its war on inflation.
Cathie Wood, the CEO of Ark Invest, remains bullish on Bitcoin as a long-term investment despite the conclusion of Sam Bankman-Fried's fraud case, asserting that the digital asset is a hedge against both inflation and deflation and that institutions are just starting to get involved.
The US added fewer jobs than expected in October, causing the unemployment rate to rise, leading to falling yields on US bonds and a potential positive impact on stocks and Bitcoin.
Bitcoin is experiencing a 2% drop in value as investors anticipate the release of key U.S. data, which could negatively affect risk assets like cryptocurrencies.
Prominent venture capitalist Chris Burniske predicts that the crypto markets may experience a similar rally and subsequent retracement as they did in 2019, with a possible dip in early 2024 before reaching new all-time highs. Burniske also expresses optimism about Solana (SOL) and its uptrend against Ethereum (ETH).
The collapse of FTX and Alameda Research has resulted in weak liquidity and market depth in the cryptocurrency market, causing higher slippage costs and increased price volatility.