Millions of dollars worth of tokens from bankrupt firms FTX and Alameda Research were transferred to Binance wallets, potentially for sale, including $2.2 million in Chainlink's LINK, $1 million in Aave's AAVE, $2 million in Maker's MKR, and $3.4 million in ether (ETH).
The removal of BlackRock's spot bitcoin ETF ticker from the DTCC's website has caused a slight drop in Bitcoin's price, which had previously experienced a sharp gain due to speculation about imminent approval for the ETF.
Chainlink (LINK) price reaches a 16-month peak at $11.50 as on-chain data reveals growing network usage and increased demand for the token, fueled by both organic network improvement and increased trading activity from whale investors.
Vodafone's Digital Asset Broker (DAB) has demonstrated the use of blockchain for trade by running a proof of concept with Chainlink Labs, Sumitomo Corporation, and InnoWave, allowing devices to act autonomously and support trade processes with data translation.
Rapid gains in bitcoin prices paused as traders took profits on hopes of a spot exchange-traded fund (ETF) approval, while major tokens showed mixed movement and institutional adoption signaled the potential end of 'crypto winter.'
Polygon has deployed token contracts for its new POL token on Ethereum, replacing the current MATIC token and allowing users to stake their holdings across compatible chains to earn rewards and transaction fees.
Cryptocurrency bot group Maestrobots is refunding users a total of 610 ETH, worth over $1 million, following an attack on its platform, with affected wallets receiving the full amount they lost and some even receiving more.
Smart contracts for the POL token have been launched on the Ethereum mainnet, as Polygon prepares for its '2.0' plan to replace the MATIC token with POL.
Spain's central bank, Banco de España, has published a text explaining the potential benefits of a digital euro, stating that it would make electronic payments a vital part of the financial system and offer privacy equivalent to cash.
The Crypto Fear & Greed Index has reached its highest level since November 2021, indicating investor greed and potentially suggesting a pause in Bitcoin's recent bullish run.
MINA, the native token of the Mina Protocol, experienced a significant surge of nearly 120% in one day after Upbit announced the listing of the MINA-KRW trading pair, making it the largest trading pair in Korean fiat currency, while other altcoins such as INJ, PEPE, and LINK also saw notable gains.
Venture capitalist Arthur Cheong believes Ethereum could experience a major rally if BlackRock successfully launches a spot Ethereum exchange-traded fund (ETF), citing its ESG friendliness and native staking yield as appealing to institutional investors, although he predicts a correction for the ETH/BTC trading pair before Ethereum's gains.
Arbitrage strategies have regained popularity in the cryptocurrency market due to the significant difference in prices between bitcoin perpetual futures and the spot market, with traders capitalizing on the funding rates to achieve nearly risk-free returns of 10-20%.
Bitcoin faces a potential trigger moment due to global wartime inflation, which could drive its price to $1 million, according to Arthur Hayes, former CEO of BitMEX.
Cryptocurrency rug pulls, which are scams where teams pump up the value of their project's token before suddenly withdrawing liquidity, are the most common type of exploit in the crypto market but are also one of the easiest scams to prevent, according to a report by blockchain security auditor Hacken. Only 12 out of 78 rug pulls examined in the report had completed any kind of audit, highlighting the importance of independent third-party audits in assessing a project's legitimacy.
The IRS has extended the comment period for proposed crypto tax reporting rules, while the crypto community expresses concerns about the regulations.
The price of bitcoin has surged 25% in the past month, primarily during U.S. trading hours, signaling increased interest from U.S. institutions and investors due to the anticipated approval of a U.S.-listed spot bitcoin exchange-traded fund (ETF), according to crypto services provider Matrixport.
Cathie Wood-led hedge fund Ark Invest has invested heavily in cryptocurrency-focused stocks Coinbase Inc. and Block Inc., with Coinbase providing significant returns compared to Square and major indices this year.
The Crypto Fear & Greed Index has reached levels not seen since the peak of the crypto market rally in November 2021, indicating a return of market sentiment similar to when Bitcoin reached $69,000.
Spot bitcoin ETFs could attract $14.4 billion in the first year of issuance, with potential inflows of $27 billion and $39 billion in the second and third years respectively, according to Galaxy Digital, as these ETFs offer a better investment vehicle compared to existing products and could tap into the $48.3 trillion assets managed by broker-dealers, banks, and RIAs in the US.
Cryptocurrency trader il Capo Of Crypto has closed his bearish bets on alternative cryptocurrencies and shifted to a neutral stance, as bitcoin surpasses resistance at $31,000, although his primary bearish scenario of bitcoin dropping to $12,000 is not yet fully invalidated.
Cryptocurrencies like Bitcoin are hugely successful, and investors are now looking for the next big opportunity in the market, with projects like Quant, Hedera, and Cardano standing out due to their utility and integration into the financial system, as well as their compliance with ISO 20022 standards.
Coinbase argues that the SEC exceeded its authority in classifying cryptocurrencies listed on the exchange as securities, claiming that the SEC's broad definition of a security is not in line with U.S. securities laws.
Despite the potential of blockchain tokenization for financial services, it has failed to gain traction due to challenges in interoperability, liquidity, and trust in crypto markets.
Bitcoin's price is predicted to increase by 74.1% in the first year after the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States, according to Galaxy Digital, with the potential for even greater growth due to "second-order effects."
Worldcoin, a project led by Open AI chief Sam Altman, aims to bring unbanked individuals into the economic fold by offering them crypto tokens in exchange for their biometric data, raising concerns about privacy and control over digital identities. The use of tokens, which come with limitations and rules, threatens to replace traditional money and restrict people's freedom of choice, while also enabling surveillance and manipulation by digital platforms and governments.
Cryptocurrency exchange Coinbase has argued in a legal brief that tokens are not securities and that the Securities and Exchange Commission (SEC) has exceeded its regulatory authority, as it seeks to have a lawsuit from the SEC dismissed. Coinbase contends that tokens traded on its platform do not meet the criteria for "investment contracts" and that the SEC is violating the Major Questions Doctrine. The outcome of the case will determine whether certain cryptocurrencies are considered securities and whether Coinbase failed to register with the SEC.
Judge Torres responded to the SEC's letter, granting both parties time until November 9 to agree on a briefing schedule with regard to remedies, indicating that the conclusion to Ripple and the SEC's legal battle may take place by the second week of November.
The BRICS Bloc has introduced BRICS Pay, a new financial settlement platform that aims to simplify payments and encourage trade between member countries by utilizing their respective national currencies, with the system already being implemented by Standard Chartered Bank and the State Bank of India.
BlackRock settles charges with the SEC for inaccurately describing investments in the entertainment industry, while awaiting the SEC's review of its application for a Bitcoin ETF, which could bring significant growth to the crypto market.
US Representative Tom Emmer, a friend to the crypto industry, briefly served as the Republican nominee for Speaker of the House before facing opposition pressure, highlighting the internal political struggles within the Republican Party and potential implications for the crypto industry.
Representative Tom Emmer, a crypto proponent, has withdrawn his bid to become the next speaker of the United States House of Representatives due to a lack of necessary Republican votes.
Cryptocurrency funds received over $61 million in new capital, with the majority being invested in Bitcoin funds, as investors await the arrival of a Bitcoin ETF in the US market.
Bitcoin (BTC) reached its highest level in 2023 as the possibility of a spot BTC exchange-traded fund (ETF) launching soon increases, attracting institutional money into the digital assets market, while stocks also climbed higher and analysts remain cautious about overexposure and the inverted yield curve.
Vodafone's Digital Asset Broker (DAB) has joined the Chainlink network as a node operator to improve document transfer and processing of financial transactions in the global trade ecosystem, using blockchain and IoT devices.
Coinbase Global stock, while not a direct cryptocurrency investment, offers investors the opportunity to benefit from the potential approval of a spot Bitcoin ETF and the growing popularity of Bitcoin, making it a good time to consider investing in COIN stock.
Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.
Crypto lending platform BlockFi has emerged from bankruptcy and is now allowing both U.S. and international users to submit withdrawal requests, with plans to repay creditors and attempt to recover assets from other firms.
Fortress CEO Scott Purcell has stepped down following a hacking incident that resulted in the loss of $14-15 million of customer funds, with the majority of sales employees also laid off; Purcell will remain a board member while the company hires a new CEO, Rich Hauschild.
Institutional investors' growing interest in Bitcoin is highlighted by the surge in CME BTC volumes and open interest, potentially impacting the cryptocurrency's price.
The potential launch of a spot Bitcoin ETF in the US is driving up the price of cryptocurrencies as investors anticipate a flood of institutional investments worth trillions of dollars, according to Paul Brody, global blockchain leader at Ernst & Young (EY).
House Majority Whip Tom Emmer, a Republican nominated to replace Kevin McCarthy as speaker of the House, is under scrutiny for his connections to failed crypto firm FTX, including receiving donations from the firm and supporting its alleged fraudster CEO, which could impact his potential bid for speaker. Democrats are considering filing ethics complaints over his crypto ties, and Emmer's ties to a convicted FTX executive's paramour are also being investigated by federal prosecutors.
Bitcoin is predicted to continue its rally and potentially reach $48,000 by the end of the year, as it surpasses resistance levels and experiences increased trading volume and market dominance.
The U.S. SEC will review Grayscale's Bitcoin Trust ETF filing, while BlackRock's iShares Bitcoin Trust was listed on Nasdaq-traded ETFs, leading to significant gains in Bitcoin and other cryptocurrencies; Ethereum's price has surged and a pre-mine Ethereum wallet woke up after 8.2 years of dormancy.
Tremendous demand for bitcoin awaits regulatory approval, with the cryptocurrency having a limited supply unlike gold, according to Paul Brody, EY's global blockchain lead.
Wallet maker Ledger has launched its "Recover" option, allowing users to back up their recovery seed phrase, despite facing criticism for compromising privacy and security.
Shares of crypto-related companies surged after bitcoin traded above $34,000, fueled by optimism that a spot-price exchange-traded fund (ETF) for the cryptocurrency may be approved by the U.S. Securities and Exchange Commission (SEC).
Payment giant Mastercard is considering collaboration with self-custody wallet firms like MetaMask and Ledger, aiming to increase the number of active users and revenue streams for wallet providers while providing cardholders with frictionless spending of their crypto balance. Mastercard is also exploring new models for global issuance and plans to release franchise standards to ensure consumer protection and transaction monitoring.
Bitcoin surged 10% on Monday and an additional 5% in Asian trade, driven by speculation of an imminent approval of an exchange-traded bitcoin fund.
Hut 8 Mining Corp. (HUT) shares surge as Bitcoin reaches $35,000 and anticipation grows for the approval of BlackRock's spot Bitcoin ETF.