Crypto founder Sam Bankman-Fried's courtroom testimony in the trial against him for fraud, conspiracy, and money laundering revealed his pedantic dissembling and lack of memory, with over 140 instances of saying he didn't recall or didn't know, building a "pyramid of deceit" according to the government's closing argument.
Switzerland's St.Galler Kantonalbank has partnered with SEBA Bank to offer Bitcoin and Ether trading to select customers, with plans to expand its cryptocurrency offerings based on client demand.
Bitcoin and other cryptocurrencies rise as the Federal Reserve is anticipated to end its interest rate hikes, leading to increased investor risk appetite.
The Swiss National Bank is collaborating with the SIX Digital Exchange and six commercial banks to develop a wholesale central bank digital currency (CBDC) pilot, called Helvetia Phase III, creating a tokenized Swiss franc for digital securities transactions between financial institutions on the SDX.
Bitcoin celebrated its 15th birthday with a phenomenal return of 3,449,989,839% since it began trading on an exchange.
Ripple's chief legal officer, Stuart Alderoty, has expressed concern about the SEC's repeated legal defeats under Gary Gensler's leadership, suggesting a troubling pattern of the SEC flouting the law. Alderoty's remarks follow the Fifth Circuit Court's ruling that deemed the SEC's stock buyback disclosure rule as arbitrary and lacking reasonable explanation. This comes after the SEC's losses in the XRP lawsuit and the Grayscale filing, which could impact the future of crypto industry regulation.
Bitcoin (BTC) has reached new 18-month highs, but maintaining support at $35,000 is crucial to avoid a potential breakdown, according to analysts who are closely watching the cryptocurrency's price movements.
Blockchain gaming firm Sky Mavis is collaborating with Korean publisher ACT Games to migrate its titles to the Ronin network, starting with the trading card game Zoids Wild Arena, followed by the rest of ACT's gaming portfolio, to leverage the infrastructure provided by Sky Mavis and enhance the gaming experience.
Put options tied to bitcoin are currently trading at a discount, providing an opportunity for bullish investors to purchase cheap downside hedges, although this discount may not last long.
A court in China has sentenced 21 people for transferring $307 million worth of Tether (USDT) to Chinese yuan through illegal means, using a decentralized wallet and virtual currency platforms.
While the approval of a spot Bitcoin exchange-traded fund (ETF) is expected to boost the price of Bitcoin, analysts are skeptical that it will create a sustained market uptrend due to crowded trading and the absence of strong fundamentals.
Elon Musk's criticism of NFTs inadvertently highlights the case for Bitcoin Ordinals, which encode images on the blockchain, according to Bitcoiners and cryptocurrency analysts who praised Musk's comments.
Bitcoin reaches a 17-month high as investors anticipate the Federal Reserve halting interest rate hikes and the emergence of demand from the exchange-traded fund industry.
Business intelligence firm MicroStrategy has gained a paper profit of $900 million on its stack of 158,400 Bitcoin, driven by optimism over the potential approval of spot Bitcoin exchange-traded funds (ETFs).
Crypto strategist predicts a bullish move for XRP as it surpasses a key resistance level, while also suggesting a potential pullback for Solana and a breakout rally for Aave if it breaches resistance.
FTX, the crypto company associated with Sam Bankman-Fried, is currently in bankruptcy court but may have a significant recovery thanks to the increased value of its SOL token holdings, potentially leading to 100%+ certainty for creditors.
Solana is experiencing a significant rally and growth, attracting developers and investors who believe it has the potential to replace Ethereum due to its superior technology.
Sam Bankman-Fried, the former FTX CEO, appeared emotional as his attorney delivered closing remarks in his fraud trial, pleading for the jury to find him acted in "good faith" and not convict him.
Bitcoin is poised to reach $40,000 as the Federal Reserve's decision to maintain interest rates has bolstered investor confidence and sparked a resurgence in the altcoin sector.
Elon Musk criticizes the storage of NFTs and suggests that the artwork should be encoded in the blockchain to prevent loss if the hosting company goes out of business, prompting Bitcoin supporters to highlight the advantages of Bitcoin's Ordinals protocol, which inscribes artwork and media fully on-chain.
Multichain's explorer tool confirms that only a single transaction is pending after the protocol's recent hack, with some transactions confirmed on the destination chain but not on Multichain, indicating an ongoing recovery effort or an attempt by the attacker to move funds.
Sam Bankman-Fried's monthlong criminal trial nears its end with closing arguments, as the defense argues that he is not a "villain" or "monster" despite being accused of defrauding customers and investors of cryptocurrency exchange FTX.
Altcoins rallied as Solana (SOL) surged 16%, while Bitcoin reached a new 17-year high above $35,500; SafeMoon's token SFM plummeted over 50% due to fraud charges, and the US Federal Reserve left interest rates steady.
Enterprise software maker MicroStrategy Inc. reported a third-quarter loss due to a writedown caused by a decline in the value of Bitcoin, but saw an increase in revenue from its software business; the company plans to purchase more Bitcoin despite massive writedowns in the past.
Investors in Ethereum derivatives are showing bullish sentiment, as evidenced by the increasing demand for leveraged long positions and a decrease in downside protection prices, possibly driven by optimism surrounding the potential approval of a Bitcoin spot ETF and upcoming upgrades aimed at reducing transaction costs on the Ethereum network.
Solana (SOL) reaches a 14-month high, but concerns arise as FTX unstakes $65 million of tokens, potentially leading to sell pressure in the market.
Solana, the Ethereum competitor, has experienced a significant surge in price, currently up more than 20% in the past day and 33% in the past week, making it the best-performing asset; its popularity has grown as interest in the open-source blockchain project has soared.
The founder and two top executives of SafeMoon, a crypto token once valued at over $8 billion, have been charged by the U.S. Department of Justice with running a fraud scheme to divert investor funds for personal luxuries.
The price of Ethereum's native token, Ether (ETH), has reached a 15-month low against Bitcoin (BTC) due to changing market dynamics, regulatory environment, and investor sentiment.
Bernstein analyst Gautam Chhugani predicts that Bitcoin could rise to $150,000 by 2025 due to expectations of SEC approval for a spot Bitcoin exchange-traded fund (ETF) and the emergence of Bitcoin as a safe haven asset.
Blockchain project Celestia recently airdropped its TIA tokens, resulting in over $300 million in market capitalization overnight, signaling a new era of blockchain development within the Ethereum ecosystem.
SafeMoon and three of its executives, including the creator, have been charged with fraud and unregistered securities sales by the SEC and the Justice Department for misappropriating $200 million in investor funds to finance a lavish lifestyle.
The US Federal Reserve has kept its benchmark interest rate steady and expressed concerns about the potential negative impact of tighter financial conditions on the economy, leaving the possibility of another pause or rate hike at its December meeting contingent upon incoming data.
Bitcoin (BTC) had its second-best monthly gain of the year in October, and there are expectations that the bullish momentum could continue, with a potential rally to $150,000 by 2025 according to Bernstein, as the United States SEC is expected to approve a spot Bitcoin exchange-traded fund.
The SEC has charged crypto company SafeMoon and its executives, including founder Kyle Nagy and CEO John Karony, with fraud and the sale of unregistered securities, alleging that the company orchestrated a massive fraudulent scheme and misappropriated investor funds.
Hedge fund manager Stanley Druckenmiller expresses regret for not investing in Bitcoin earlier and predicts a potential economic break in the US in 2024 or 2025, without offering specific examples.
Bitcoin is predicted to deliver over 100% annual price gains, while stocks are said to be "massively overvalued" and at risk of a serious contraction.
Cryptocurrency business Digital Currency Group (DCG) has hired white-collar defense lawyer Barry Berke to defend against a civil lawsuit from the New York Attorney General regarding allegations of defrauding customers of $1.1 billion.
Cryptocurrency exchange Bitget and Floki Inu developers are at odds over the listing and subsequent delisting of the TokenFi TOKEN memecoin, with accusations of market manipulation and fake listings being thrown around.
Sam Bankman-Fried, the founder of FTX, has been accused by federal prosecutors of telling lies and building a "pyramid of deceit" in his closing argument in the case against him, involving two counts of wire fraud and five counts of conspiracy. The prosecution highlighted Bankman-Fried's responsibility and alleged misuse of customer funds from the FTX crypto exchange.
Crypto exchange FTX founder, Sam Bankman-Fried, took the stand in his own fraud trial, where he painted himself as an overworked businessperson who never defrauded anyone but was unable to remember key details, exposing himself to potential perjury charges.
The Federal Reserve is expected to maintain its benchmark interest rate at its current level, but traders are looking for clues about the future direction of monetary policy in the policy statement and press conference.
The stablecoin supply rate oscillator (SSRO) has reached a new all-time high, indicating a strong appetite for Bitcoin accumulation on-chain, but also a relative all-time low for stablecoin buying power, potentially leading to a retracement period before the next halving event in April 2024. However, the reserve risk indicator suggests that this current Bitcoin rally may be different from 2019, with confidence remaining high and long-term holders well-positioned for major gains.
Canadian Member of Parliament Joël Lightbound praises Bitcoin on the 15th anniversary of its white paper, encouraging people to study and understand the cryptocurrency despite not advocating for them to buy it. He highlights the potential of Bitcoin to empower the underbanked and those living in oppressive regimes while also acknowledging quotes from former Twitter CEO Jack Dorsey and SEC Chair Gary Gensler, who previously expressed support for the technology.
PayPal has been granted approval by the Financial Conduct Authority (FCA) to offer cryptocurrency services in the UK, with restrictions on its operations in the crypto space.
PayPal has been approved by the U.K. Financial Conduct Authority as a crypto service provider, allowing the company to engage in certain crypto activities and approve its own crypto-related marketing communications.
Bitcoin and other cryptocurrencies saw a slight increase as investors anticipate the Federal Reserve's decision and assess the impact of macroeconomic factors on crypto trading.
Sam Bankman-Fried's trial is an indictment of the crypto industry and his rise and fall will have lasting implications.
Some of the largest market-making firms are in talks with BlackRock to potentially provide liquidity for its bitcoin ETF, while the CFTC has paid out $16 million to whistleblowers this year, with most tips involving crypto fraud, according to a commissioner, and Etherfuse has unveiled a tokenized bond offering for retail investors in Mexico.
Coinbase, the largest crypto exchange in the U.S., has announced that retail traders can now trade Bitcoin and Ethereum futures on its platform, targeting smaller investors with lower upfront capital requirements. This move comes as Coinbase aims to compete with Binance and diversify its product offerings in the crypto market.