FTX founder Sam Bankman-Fried testified without the jury present, stating that lawyers for his bankrupt cryptocurrency exchange were involved in key decisions and crafting documents, as he tried to distance himself from wrongdoing in his federal fraud trial.
Australian police have uncovered a $145 million money laundering scam involving a currency exchange business, Bitget's market share has risen in Q3, China has lifted some restrictions on NFTs, and blockchain technology is being used to improve surveillance in Huaian's court system.
Experts weigh in on the potential market demand for a Bitcoin ETF, with some believing it could attract significant capital while others point to the underperformance of spot crypto ETFs in Canada and Europe; however, they agree that long-term approval of a Bitcoin ETF would be beneficial for the cryptocurrency.
A Bitcoin ETF could be approved in the near future, with speculation that BlackRock's application will receive approval from the SEC, but experts believe that initial demand may not meet the hype and that the performance of a spot market Bitcoin ETF may be subdued compared to futures ETFs. However, in the long-term, experts agree that the approval of a Bitcoin ETF would be positive for the cryptocurrency and create a more favorable investment environment in the US.
Prosecutors vigorously cross-examined Sam Bankman-Fried, the disgraced crypto founder, during his testimony in his criminal trial, challenging his defense and raising doubts about his claim of following legal advice.
Crypto exchange Binance is launching futures trading for Powerledger (POWR), an Ethereum-based altcoin that aims to democratize energy tokens and decentralize the energy grid.
A recent survey reveals that many crypto traders are adopting a long-term holding strategy in anticipation of the approval of Bitcoin ETFs, reflecting optimism and caution as the market evolves.
The Bitcoin ecosystem is experiencing a paradigm shift as the blockchain is being used to store information beyond its traditional role as digital cash, with the introduction of the Ordinals protocol allowing files such as NFT collections, music, video games, and journalistic articles to be permanently inscribed on the blockchain, while the Taproot Assets (TARO) protocol enhances Bitcoin's role as a multi-asset network, opening up possibilities for issuing financial assets and stablecoins on the blockchain.
Bitcoin slipped 2% to $34,000 as the crypto market cooled off, while meme coins DOGE and PEPE outperformed, and Matrixport predicts Bitcoin could reach $125,000 by the end of 2024.
U.S. lawmakers are urging the Department of Justice to investigate Binance and Tether to determine if they facilitated funding to Hamas, despite doubts about the accuracy of the Wall Street Journal's report that Hamas used their accounts and Tether stablecoin for financing.
Altcoin Sherpa, a popular crypto analyst, predicts that Tellor Tributes (TRB) will continue to soar after a massive gain of over 1,000% in two months, while Solana (SOL) is expected to rise further and Chainlink (LINK) may retrace before another upward move.
The Arbitrum Foundation has announced that new layer-3 networks created through its Orbit program can now settle on the main Arbitrum network, marking a significant milestone in the decentralization of the Ethereum layer-2 network.
Seasonal rotations into bitcoin ETFs and underdog stocks in October present investment opportunities before year-end rallies and after the hot summer markets have cooled down, according to Jeffery Hirsch, editor of the Stock Trader's Almanac.
Bankrupt crypto exchange FTX transferred millions of dollars worth of crypto assets, including LINK, MATIC, and AGLD, to Coinbase and an intermediary address, as its founder was set to testify at his criminal trial.
Citadel Securities denies allegations from Terraform Labs that it was responsible for the collapse of the stablecoin terraUSD, stating that the claims are baseless and an attempt to divert attention from fraud charges against Terraform.
FTX's bankruptcy filing reveals that it holds around $417 million worth of Grayscale's Bitcoin Trust (GBTC), and analysts speculate on the impact this could have on GBTC's price as FTX plans to carefully trade its assets to avoid crashing prices and flooding the market. The approval or rejection of a spot Bitcoin ETF by the SEC could also affect the discount to NAV in GBTC.
Bitcoin had an impressive rally this week due to optimism surrounding the approval of a bitcoin ETF in the U.S., but the chances of reaching a new all-time high before next year's halving event are low, according to industry experts.
The SEC is reportedly demanding $770 million to settle its lawsuit against Ripple Labs, but Ripple is expected to fight back and try to reduce the penalty.
The UK government has passed the Economic Crime and Corporate Transparency Act to combat economic crime in the crypto market, allowing for the seizure of cryptocurrencies without a conviction and strengthening the role of Companies House in identifying fraudulent companies. This act aims to tackle fraud, money laundering, and other illegal financial activities, making the UK's open economy safer.
Crypto analyst Michaël van de Poppe believes that traders who survived the bear market are now entering the beginning of a bull market cycle, with Bitcoin potentially breaking to $37,000, while consolidation for BTC would be beneficial for altcoin markets.
The recent attack on Israel by Hamas has raised concerns about the use of cryptocurrencies for terrorism funding, leading U.S. lawmakers to ask for measures to prevent crypto-financed terrorism, while the Treasury has designated crypto "mixers" as money-laundering hubs; however, critics argue that these proposals could have negative consequences for the crypto industry as a whole.
U.S. Senator Cynthia Lummis and Rep. French Hill have urged the Department of Justice to promptly conclude investigations and make a decision on criminal charges against Binance and Tether related to potential aid to Hamas.
In Q3 2023, the crypto market experienced a surge in staking activities, with Aptos and Sui emerging as the most staked altcoins, while the average staking yield dropped slightly to 10.2%, and only Polkadot and Cosmos offered yields higher than 7.5% among the top 10 cryptos by market cap.
Bitcoin's supply is becoming increasingly constrained as exchange balances reach a five-year low, indicating a potential supply shock that could drive prices higher due to lower supply and increased demand.
Bitcoin and other cryptocurrencies are highly speculative and volatile assets, making CDs a more stable and secure investment option with predictable returns.
The U.S. Securities and Exchange Commission (SEC) has multiple filings for potential bitcoin exchange-traded products under consideration, including an application from Cathie Wood's ARK Invest; approval of a spot bitcoin exchange-traded fund (ETF) could drive increased demand for the cryptocurrency.
Bitcoin surpassed the $30,000 mark amid speculation of a forthcoming US bitcoin spot ETF approval, potentially leading to a surge in investor interest and a significant price spike in the crypto market.
Former crypto boss Sam Bankman-Fried is set to testify in his own defense at his fraud trial in New York, where he is accused of lying to investors and lenders and stealing money from customers of his bankrupt cryptocurrency exchange, FTX.
Grayscale Bitcoin Trust (GBTC) has seen a remarkable gain of 5,703% since its launch less than nine years ago, outperforming all but one stock on the S&P 500, and the potential launch of new bitcoin ETFs next year is generating excitement among investors.
Bitcoin's recent upward move confirms that it is now in a bull market cycle, with potential for significant growth due to stablecoin adoption, tokenization of real-world assets, and the changing stance of traditional financial institutions.
The United Kingdom has passed legislation allowing authorities to seize and freeze cryptocurrencies used for illegal activities, aiming to crack down on cybercrime, scams, drug trafficking, and terrorism; this aligns with the government's plan to regulate crypto and combat illicit use of digital assets.
Cryptocurrency recovery firm Unciphered has offered to unlock former Ripple CTO Stefan Thomas's Bitcoin hard drive containing $244 million worth of cryptocurrency. Unciphered claims to have the expertise to break into highly secure hardware and believes it can recover the locked funds. This highlights the broader issue of inaccessible Bitcoin funds, which account for around 20% of the cryptocurrency's supply.
Blockchain analytical firm Elliptic clarified that media reports linking Hamas to tens of millions in crypto donations were misinterpreted and exaggerated, stating that while Hamas is dabbling in digital fundraising, the amounts raised are minuscule compared to other funding sources.
XRP price surges 17% after Ripple partnership with Uphold, leading some analysts to predict it could reach $1 by the end of 2023, while Bitcoin Minetrix raises $2.3 million in its presale phase.
Bitcoin and other cryptocurrencies remain steady and unaffected by stock market volatility, indicating their status as a potential safe haven during times of geopolitical risks.
Sam Bankman-Fried has started testifying in his criminal fraud trial, exposing himself to tough questioning from prosecutors, after the defense team began their side of the case and argued insufficient evidence had been provided.
Bitmain has released its new air-cooled BTC miner, the Antminer T21, which can operate in extreme temperatures and is expected to start shipping in January 2024. The miner supports the SHA256 mining algorithm and offers a computing power of 190 terahashes per second. Additionally, Bitmain is offering a price protection plan for customers to safeguard against fluctuations in BTC price.
Cardano's price has risen and is reaching the $0.30 resistance area, with the possibility of breaking out or experiencing an initial retracement, as indicated by technical analysis and recent Cardano news.
The US Securities and Exchange Commission has demanded a $770 million settlement from Ripple Labs over alleged violations of Federal Securities Laws relating to the company's cryptocurrency sales, with Ripple's key figures expected to challenge the fee and potentially prolong the case until late summer next year.
IoTeX integrates with Solana to provide real-time analytics on Solana-connected hardware devices, allowing transparent data analytics for IoT-connected projects built on Solana's network, such as Helium, Render, and Hivemapper. Chainstack launches the DeFi API, offering streamlined access to real-time decentralized finance data from major protocols. Hacken reports that crypto hacks doubled in Q3, reaching $720 million in losses, with access control attacks being the most damaging. Deutsche Bank and Standard Chartered Ventures test a system similar to SWIFT to facilitate communication between blockchain-based transactions, stablecoins, and CBDCs.
The Trezor Safe 3 is a new hardware wallet designed for crypto newcomers, offering a sleek design and user-friendly interface for self-custody of assets, although it offers access to fewer tokens than its main competitor, the Ledger Nano S Plus.
The USD/JPY pair has surpassed the BTC/USD pair as the most traded on the Gains Network decentralized finance platform, with a trading volume of $21.64 million in the past 24 hours, indicating growing interest in trading traditional markets over DeFi.
Reports suggest that U.S. President Joe Biden is set to unveil artificial intelligence regulations, sparking concerns that they could have implications for the crypto market.
Deutsche Bank and Standard Chartered are testing a system that will enable blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs) to interoperate, similar to the SWIFT messaging layer in traditional banking infrastructure.
The Tom Demark Sequential indicator suggests a potential long opportunity for Shiba Inu (SHIB) based on previous bullish signals, while the UTXO Realized Price Distribution (URPD) model predicts resistance levels for Bitcoin (BTC) at $38,440 and $47,360.
The UK's Economic Crime and Corporate Transparency Bill, which allows law enforcement agencies to seize and freeze cryptocurrency used for criminal activities without a conviction, has become law after receiving royal approval.
Pepecoin, a popular memecoin based on the Pepe the Frog meme, has experienced a significant rally, increasing by almost 14% overnight and 90% over the past week, while other memecoins like Dogecoin, Shiba Inu, and FLOKI have also seen notable gains, although they are still far from their all-time highs.
The price of the HayCoin tokens on decentralized exchange Uniswap reached $5.5 million each before dropping to $3 million, with a market capitalization of nearly $14 million, after a long-term holder burned a significant number and a wallet with 51 tokens from 2019 also burned the tokens, boosting prices and attracting crypto investors to the "original meme coin."
Aera, a decentralized protocol created by Tarun Chitra, aims to help DAOs manage their finances by providing crowdsourced portfolio management, allowing them to respond quickly to market changes without sacrificing decentralization. The Aera Foundation recently raised $8 million in a presale of its cryptocurrency from investors including Bain Capital and Jump Trading.
JPMorgan's digital token JPM Coin handles $1 billion worth of transactions per day and the bank plans to expand its usage beyond dollars to other currencies, according to the head of payments at the bank.