Crypto trader Altcoin Sherpa predicts that the crypto gambling platform Rollbit (RLB) will perform well in the short term, and believes that Bitcoin (BTC) could either rise to $40,000 or drop to the low $20,000 range in the coming weeks.
The fraud trial of Sam Bankman-Fried, a cryptocurrency mogul, has brought together traditional legal professionals and crypto enthusiasts, who attend the trial and discuss the case online, creating a clash of cultures in the courtroom.
FTX founder Sam Bankman-Fried is on trial for allegedly stealing over $8 billion from FTX customers, and prosecutors have presented witness testimonies and evidence to reveal the intricate details of the cryptocurrency exchange's downfall and collapse.
Bitcoin and other cryptocurrencies are on the rise, fueled by a recent rally, although some traders may be preparing for a potential pullback due to uncertain optimism surrounding a recent catalyst.
Bitcoin (BTC) surpassed $29,500 following a strong performance in response to events such as a speech by Federal Reserve chair Jerome Powell and Ripple's legal victory, while XRP's (XRP) price also spiked above $0.50.
Interest in the potential launch of a spot bitcoin ETF has surged among retail investors, as indicated by the worldwide Google search value for "spot bitcoin ETF" approaching its peak value of 100, signaling maximum interest, while the search value for "bitcoin ETF" has reached its highest level in two years. Retail investors are seeking information on how a spot ETF might impact the cryptocurrency market. The approval of a spot BTC ETF is seen as a significant milestone in bitcoin's mainstream adoption and is expected to bring increased liquidity.
If the U.S. Securities and Exchange Commission approves a spot Bitcoin exchange-traded fund (ETF), a top analyst predicts that Bitcoin could reach levels not seen since November 2021, potentially appreciating by over 100%.
Grayscale Investments is on track to launch the first spot Bitcoin ETF in the U.S. after the Securities and Exchange Commission decided not to appeal a court ruling to stop the conversion of its Grayscale Bitcoin Trust to an ETF, causing GBTC stock to rise 3.3%.
Bitcoin (BTC) surged to $29,300, driven by optimism surrounding a potential approval of a Bitcoin exchange-traded fund (ETF) in the U.S., while other forks of Bitcoin, such as Bitcoin Cash (BCH) and Bitcoin SV (BSV), experienced significant gains, indicating possible irrational exuberance. There is anticipation that the approval of a Bitcoin ETF, along with the upcoming halving event in April, could ignite a strong bull market.
Cybersecurity analysts have revealed that threat actors are using BNB Smart Chain contracts instead of Ethereum due to lower costs and perceived lower security, in a new attack method called "EtherHiding" where malicious code is hidden in blockchain smart contracts to distribute malware to unsuspecting victims.
XRP, the fifth-largest digital asset, experienced a 6.5% gain as the SEC dropped securities-violations charges against Ripple's top leaders, leading to a spot-driven rally.
Blockchain company LBRY has announced that it is winding down due to financial difficulties, including several million dollars in debts owed to the SEC, its legal team, and a private debtor, but the LBRY network itself will not be affected and will continue to operate. The community has shown support for LBRY and expressed willingness to continue supporting its video-sharing platform, Odysee.
The Proving Reserves of Others Funds (PROOF) Act, introduced by Senators Thom Tillis and John Hickenlooper, aims to establish safeguards against unethical co-mingling of customer funds and require digital asset institutions to undergo monthly proof of reserves inspections by a third-party auditing firm.
Crypto exchange Binance has announced new partners to handle euro deposits and withdrawals for European users, months after losing its previous partner PaySafe in September.
Layer-2 network Base has open-sourced its code repositories and smart contracts, increasing transparency and encouraging public contributions to the project, while also offering a bug bounty of up to $1 million for the discovery of vulnerabilities.
The United States Securities and Exchange Commission (SEC) plans to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen in their ongoing civil lawsuit, although the case against Ripple itself is not yet dropped. The SEC's decision to drop the charges against Garlinghouse and Larsen, who were accused of violating securities laws through the sales of XRP tokens, may indicate a potential appeal regarding the court's ruling on XRP's security status. The SEC has other ongoing cases involving prominent figures in the crypto industry, as well as civil lawsuits against crypto exchanges Binance and Coinbase.
A forensic accountant at Sam Bankman-Fried's trial revealed that $9 billion of missing FTX customer funds were reinvested in businesses and real estate, used for political contributions, and donated to charity, contradicting the founder's denial of any improper use of customer funds.
Crypto exchange Binance has onboarded new fiat service providers for euro payments, deposits, and withdrawals in Europe after its former provider halted services, offering EUR deposits and withdrawals via SEPA and EUR spot trading pairs.
A federal court is expected to finalize Grayscale's victory in a dispute with the SEC regarding a spot bitcoin ETF, but uncertainties remain about the SEC's next steps in reconsidering the application.
Several prominent firms in the crypto industry, including Alameda Research, FTX, Genesis, and DCG, are facing lawsuits by the New York Attorney General for alleged fraudulent activities and deception, revealing an amateurish side of the industry and highlighting the risks and poor risk-management in boardroom-level financial dealings in the crypto market.
Gemini Trust Company, along with other cryptocurrency firms, has been hit with a lawsuit alleging that they collectively defrauded investors of over $1 billion, with New York Attorney General Letitia James seeking to recoup the losses and ban the companies from the financial industry in New York.
Gemini, Genesis, and Digital Currency Group (DCG), three high-profile crypto businesses, have been accused by the New York attorney general of lying to customers and causing $1.1 billion in losses, further amplifying the ongoing legal challenges faced by the crypto industry in the US.
Former FTX general counsel Can Sun testified that he was unaware of FTX's use of customer assets and that he was shocked to learn about Alameda's exemption from auto liquidation, which allowed the trading firm to go "infinitely negative" on FTX's platform. Sun also documented over 30 loans made by Alameda to FTX executives, totaling over $2.17 billion, and received a personal loan and bonus himself. He resigned from the company after learning about the missing funds and the withdrawal of customer deposits.
Binance, the world's largest crypto exchange, may face legal obligations to return over $1.2 billion in customer funds to the bankruptcy estate of FTX, as testified by an accounting professor during the trial of former FTX CEO Sam Bankman-Fried for fraud. While Binance's assets are not primarily located in the US, there are potential implications for the exchange's access to US markets and courts.
The co-founders of Glassnode, a crypto analytics firm, believe that Bitcoin is poised for a surge as it remains above $28,000, with key indicators suggesting a potential increase in volatility and the possibility of a bull run environment.
Reddit plans to discontinue its Ethereum-based rewards program, Community Points, due to high resourcing needs and regulatory challenges.
The impact of the Bitcoin halving event on crypto prices is often overestimated, as the reduced supply of new Bitcoin must be accompanied by significant demand for prices to surge, and each halving's impact on supply decreases over time, with changes in demand becoming the dominant factor influencing Bitcoin's price.
Crypto advocacy organizations in the United States are challenging claims made by Senator Elizabeth Warren and other lawmakers about the connection between terrorist groups like Hamas and cryptocurrency financing, arguing that proposed regulations would not address the issue occurring outside US jurisdictions and would instead hinder law-abiding users. They also highlight that only a small fraction of Hamas funding comes from crypto, and it is unclear how terrorists benefit from those funds in recent attacks on Israel.
Ryder has closed a $1.2 million round and launched its Ryder One hardware wallet, which replaces seed phrases with a social recovery feature, using the Shamir Secret Sharing algorithm, offering a user-friendly approach to accessing crypto funds.
The Depository Trust & Clearing Corp. (DTCC) will acquire Securrency, a digital asset infrastructure firm, for an undisclosed amount, to enhance its presence in the blockchain space and drive adoption of digital assets.
The number of bitcoin ATMs installed worldwide has reached its lowest point in two years, with a decrease of 7,000 machines due to controversies surrounding their potential criminal use and operators shutting down unprofitable ATMs, according to AltIndex data.
Bitcoin's price remains steady at $28,500 as investors await Jerome Powell's speech on US economic policy, with predictions that he may make a "very dovish" move amidst high US bond yields.
Grayscale has filed an application with the SEC to secure approval for its Grayscale Bitcoin Trust to operate as a spot Bitcoin ETF listed on the NYSE, while also facing a lawsuit that could complicate its listing efforts.
Atomic Wallet has frozen $2 million in "suspicious deposits" with the help of forensic firms and crypto exchanges following reports of unauthorized transactions, with the funds found to be bridged to the Tron blockchain and Bitcoin network using sophisticated methods.
If BlackRock's spot bitcoin ETF is approved, Bitcoin could rise to as high as $56,000, according to a report by Matrixport, with $42,000 being a more conservative estimate based on the assumption that 10%-20% of gold ETF investors will invest in a spot bitcoin ETF.
The BRICS alliance, specifically China, is selling off billions worth of US treasuries and stocks to defend the weakened Yuan and halt the rise of the US dollar against the Yuan, with China alone dumping $21.2 billion in August, the highest in four years.
Regulation in the Web3 industry can both stifle innovation and promote its growth, as demonstrated by past examples from Web2, emphasizing the need for collaboration between Web3 and regulators to ensure transparency, stability, and legitimacy.
Bitcoin (BTC) traded above $28,400 while Ethereum (ETH) fell below $1,600; U.S. jobless claims declined, and the global crypto market cap fell to $1.08 trillion with Bitcoin SV (BSV) being the top gainer and ApeCoin (APE) the biggest loser in the past 24 hours.
Bitcoin financial services firm Onramp has launched its asset management platform, utilizing multisignature security and custodians BitGo, Coincover, and Kingdom Trust, to offer institutional investors and high-net-worth individuals reassurance when investing in bitcoin.
Doge Uprising ($DUP) is a new crypto presale that stands out with its unique features, including an interactive manga series and exclusive NFT collection, aiming to rewrite the narrative of meme coins and establish itself as a top coin with real utility. The project's immersive story takes place in a dystopian future, where an uprising against Mark Zuckerberg's rule is powered by the $DUP token and Doge Mechas. The Doge Uprising community can engage with the project through the manga series and by purchasing Doge Mecha NFTs, and the project rewards its community through exclusive content and access. The $DUP token is built on the ERC-20 blockchain, and the project integrates manga, Web3 universe, smart staking, and NFTs, making it a potential valuable asset.
Polygon, a scaling solution for Ethereum, has proposed the creation of a "Polygon Protocol Council" consisting of 13 members, including representatives from Coinbase and the Ethereum Foundation, to facilitate decentralized governance and execute future upgrades for the Polygon blockchain.
A bitcoin spot ETF approval in the US could lead to a surge in bitcoin's market capitalization, potentially adding $1 trillion to the wider crypto market value.
Elon Musk, Mark Cuban, and others have submitted an amicus brief to the Supreme Court, raising concerns about the SEC's approach to conducting internal proceedings without including juries, which they argue violates the Seventh Amendment right to a jury trial and produces disparate outcomes for individuals facing SEC charges.
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency companies Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG), accusing them of defrauding over 230,000 investors, including 29,000 New Yorkers, out of more than $1 billion. James is seeking to ban the three companies from the financial investment industry in New York.
Bitcoin's long-term holders (LTHs) now control a record-breaking 76.2% of the BTC supply, indicating that less liquid supply is available for other market participants and potentially driving up prices.
The false report of the SEC approving a Bitcoin ETF caused a price spike and revealed bullish sentiment in the options market, indicating potential interest and optimism for ETF approval.
New York Attorney General, Letitia James, has filed a lawsuit accusing Gemini Trust, Genesis Global Capital, and Digital Currency Group of deceiving investors in a $1 billion fraud scheme by concealing losses and misleading them about the risks associated with the Gemini Earn program.
New York Attorney General Letitia James is suing Gemini, Genesis, and Digital Currency Group, alleging that the crypto firms defrauded over 230,000 investors, including 29,000 New Yorkers, of more than $1 billion through Gemini Earn, an investment product offering high interest rates.
A judge in Sam Bankman-Fried's trial expressed frustration with witnesses who provided lackluster performances, leading to wasted time and a failure to stipulate key evidence.
Cryptocurrencies and other digital assets experienced a slight decline, but remained at high levels as investors hope for regulatory approval of a Bitcoin exchange-traded fund.