Market maker Jump Trading denies restoring Terraform Labs' stablecoin, terraUSD, to its $1 peg in 2021, as the collapse of the stablecoin in 2022 raises legal concerns. The role of Jump Trading in the incident is being scrutinized, as it apparently made significant profits during the ecosystem's downfall, while the U.S. SEC has sued Do Kwon and his company for misleading investors.
Coinbase has chosen Ireland as its regulatory hub in the EU, positioning itself to take advantage of the Markets in Crypto Assets (MiCA) laws which will allow crypto service providers to operate across the bloc.
Morgan Stanley Wealth Management suggests that the crypto winter may be over and that a crypto spring is on the horizon, based on signs indicating that the recent bear market in digital assets has run its course.
Bankrupt crypto exchange FTX used customer funds to repurchase its stake held by competitor exchange Binance, according to court hearing testimony, with over $1 billion coming from customer deposits.
Charging new users a $1 fee on social app X, formerly Twitter, is unlikely to deter the widespread problem of bots and scams on the platform, with other measures such as enhanced reporting and stricter vetting of accounts being more effective solutions, according to market observers and industry experts in the crypto sector.
Stéphanie Cabossioras, executive director of Binance France, has resigned, making her the latest in a string of senior executives to leave the company this year.
Coinbase's Chief Legal Officer, Paul Grewal, opposes the Treasury's proposed regulations for tax reporting of digital assets, warning that it could harm fairness and innovation in the industry and potentially pose privacy concerns.
The crypto industry is actively lobbying Congress for laws that clarify how cryptocurrencies will be regulated, with recent events highlighting the industry's financial support for political campaigns.
Tesla's bitcoin holdings remained unchanged in the third quarter, with the firm still holding an estimated 9,720 bitcoin valued at $184 million, making it the third largest public company holder of bitcoin.
Tesla maintained its significant Bitcoin holdings in the third quarter while increasing investments in artificial intelligence and research and development.
A right-wing social media influencer, Douglass Mackey, has been sentenced to seven months in federal prison for spreading misinformation and attempting to suppress voting in the 2016 U.S. Presidential elections.
Taproot Assets, a protocol developed by Lightning Labs, has released its mainnet alpha version, aiming to enable the issuance of stablecoins and real-world assets on the Bitcoin and Lightning Network. The protocol will allow developers to issue financial assets on-chain in a scalable manner, potentially leading to a new era of multi-asset bitcoin.
Large wallets are accumulating the native asset of decentralized oracle network Chainlink (LINK), with addresses holding between 100,000 and 1 million LINK accumulating $38.5 million worth of the crypto asset in the past week, indicating a potential uptrend for LINK.
Bitcoin miner Marathon Digital plans to diversify its digital asset custody by working with Fidelity Digital Asset, adding a second custodian due to the company's growing holdings and the risk of potential hacks.
Decentralized websites, hosted on a decentralized network like IPFS, are becoming more popular and can be easily created by following a few steps such as preparing website files, uploading them to IPFS, and connecting them to a Web3 domain.
The panel discussion at the Swan Pacific Bitcoin festival questioned whether the Bitcoin halving is truly a bullish event or just a narrative that novice investors believe in, with panelists expressing differing views on its impact on price and the role of derivatives in Bitcoin's price discovery, while ultimately agreeing that liquidity will play a significant role in future price movements.
The cryptocurrency market remains in a holding pattern as attention shifts to the conflict in Israel, with Bitcoin facing resistance at $29,000 amidst bearish sentiment and expectations of a potential market-wide pullback.
Marathon Digital Holdings has entered into a Custodial Services Agreement with Fidelity Digital Asset Services to establish custodial asset accounts for its digital assets.
The European Central Bank (ECB) is entering the preparation phase for the potential issuance of a digital euro, following a two-year investigation, with a decision on whether to move forward expected in 2023.
Bitcoin experienced a short-lived rally after an erroneous news post about the SEC approving BlackRock's BTC exchange-traded fund (ETF) application, serving as a reminder of how the market could react when a real approval happens; analysts predict that a genuine approval could lead to even larger price gains, but it could also be a "sell the news" event.
Twitter is testing a new signup model where new users in New Zealand and the Philippines must pay a fee or subscription to become verified, in an attempt to combat bot activity and spam on the platform.
The recent improvement in investor sentiment towards Bitcoin may be due to comments from institutional investors and amendments to spot Bitcoin ETF applications, suggesting growing institutional interest in the cryptocurrency.
A physician in Georgia named Dr. James Wan has pleaded guilty to using Bitcoin to orchestrate a murder-for-hire plot involving his girlfriend, with the operation falling apart due to mistakes in Bitcoin transactions. Wan, who will face sentencing in January 2024, is not the first person to use Bitcoin in an attempt to hire a hitman, as other cases have emerged in recent years.
Yuga Labs CEO, Daniel Alegre, acknowledges challenges and shortcomings in game development and the underperformance of their recent games while sharing plans to improve and seek outside partners to build their gaming experiences, particularly for their upcoming metaverse game Otherside.
Reddit's blockchain-based rewards system, Community Points, is being phased out, causing the value of tokens like "MOON" to plummet over 85%.
According to CNBC, Jimmy Zhong, who was arrested last year for stealing over 50,000 bitcoins from the Silk Road marketplace, was sentenced to a year and a day in federal prison and forfeited his bitcoin, resulting in a $3 billion profit for the government.
The US Treasury has sanctioned a crypto operator connected to the Palestinian militant group Hamas, aiming to disrupt Hamas's revenue sources and prevent them from carrying out acts of terrorism. Several terrorist groups, including Hamas, ISIS, and an al-Qaeda affiliate, have used the Buy Cash Money and Money Transfer Company to transfer funds, with over $25 million in BTC and USDT moving through the firm since 2015.
A letter signed by 28 senators and 76 House members, including Senator Elizabeth Warren, urges the US government to take action to curb illicit crypto activity and prevent the financing of terrorism.
A recent web3 accelerator demo day showcased eight startups in the crypto industry, including Kravata, Thunder, Sleepagotchi, Blockcast, Tailwind, Tazz, Upshield, and Inco, that are persevering and seeking success despite challenging market conditions.
The U.S. Federal Deposit Insurance Corp. (FDIC) has been criticized for its lack of clear procedures to address crypto risks, prompting the agency to develop a new strategy by January, according to an internal watchdog report.
US 30-year fixed mortgage rates have reached their highest level since 2000, now averaging 8%, due to the Federal Reserve's aggressive interest rate hikes and the broader shifts in the macroeconomic environment, creating financial stress and impacting the affordability of homes for prospective buyers.
Fidelity has amended its Bitcoin ETF application and emphasizes the risks associated with the product, as market analysts predict that a Bitcoin ETF is closer to approval, which could bring fresh capital into the market. However, concerns about the volatility of the crypto market and regulatory scrutiny remain. Several major Wall Street players have also applied for a Bitcoin ETF, and analysts believe there is a 90% chance of approval in January 2022.
The US government holds over 194,000 BTC, valued at more than $5.5 billion, making it one of the largest Bitcoin whales globally.
Lightning Labs has released its Taproot Assets protocol on the main network, allowing for the issuance of stablecoins and other assets on Bitcoin and Lightning, ushering in a new era for Bitcoin's multi-asset network.
PayPal's stock has experienced a significant decline of 87% since July 2021, but the rate of decline has slowed down recently, with a 2.2% drop in October so far, and if the stock price falls to the $50 level, it could potentially lead to a bounce back; however, the stock faces strong resistance at $67 and is also dealing with a class-action lawsuit, causing investor apprehension and challenges for the company.
Bitcoin's market cap could reach $900 billion if spot exchange-traded funds (ETFs) are approved next year, leading to an influx of institutional money into the market, according to a report by CryptoQuant. This could also raise the entire crypto market cap by $1 trillion.
Lawmakers, including Senators Elizabeth Warren and Roger Marshall, are demanding answers from the Biden administration about the role of cryptocurrency in financing Hamas's recent attacks on Israel, following reports that the group received millions of dollars in crypto funding; they are also calling for stronger action to address illicit activities and protect national security.
A bipartisan group of lawmakers, led by Sen. Elizabeth Warren, has demanded that top officials reveal their plans to prevent crypto-financed terrorism, citing recent reports of crypto funds being used to support Hamas.
Sam Bankman-Fried is accused of a multibillion-dollar fraud, with a professor testifying that user deposits on his cryptocurrency exchange, FTX, were spent on various purposes including investments, political contributions, and charity.
Stellar is introducing its Soroban project to challenge smart-contract blockchains like Ethereum, potentially driving demand for its XLM token if successful.
Galaxy Digital CEO Mike Novogratz predicts that a spot Bitcoin ETF will likely be approved within the next three months, as the Securities and Exchange Commission (SEC) is under pressure to greenlight the product following its court loss to Grayscale, while ETF applicants and analysts notice a more constructive change in tone from the agency.
Bitcoin (BTC) has experienced a 70% increase in 2023 and could continue to climb, potentially reaching price targets of $45,000-$50,000 by the end of the year, but faces headwinds from the tightening policies of the United States Federal Reserve; Standard Chartered also predicts a year-end price of $50,000 due to reduced BTC supply from miners.
The European Central Bank is moving forward with plans to launch a digital version of the euro, entering a two-year preparation phase starting on November 1, aiming to provide secure and free electronic payments for users in the eurozone.
The European Central Bank (ECB) is moving its digital euro project to a preparation phase, which could lead to a potential decision to issue a central bank digital currency (CBDC) in the future, following the completion of relevant EU legislation.
Bitcoin financial services provider Unchained has launched Sound Advisory, an advisory service specifically for high-net-worth individuals (HNWIs) to address the lack of bitcoin-native registered investment advisors (RIAs), offering assistance with distribution and utilization strategies, as well as tax and inheritance issues.
Restaking, the practice of reusing staked Ether to earn rewards and validate other protocols, has sparked controversy in the Ethereum community as some see it as a potential risk to the network's security and stability, while others view it as a way to expand Ethereum's trust mechanisms and grow the crypto ecosystem. Ethereum co-founder Vitalik Buterin and other developers have expressed concerns and proposed a fork to address the potential risks associated with restaking. The impact and validity of restaking are still uncertain, and the Ethereum community remains divided on its potential benefits and drawbacks.
Cryptocurrencies have shown slight growth amid macroeconomic challenges, as investors remain optimistic about the approval of spot Bitcoin exchange-traded funds by regulators.
The United Kingdom has become the largest cryptocurrency economy in Central, Northern, and Western Europe, and ranks third globally in terms of transaction volume, receiving an estimated $252.1 billion in cryptocurrency transactions in the past year.
Methodic Capital has launched the Methodic CoinDesk ETH Staking Fund, which allows professional investors to gain exposure to ether (ETH) and staking rewards, catering to the needs of the digital asset investment landscape.
Decentralized finance protocol ether.fi has introduced a liquid staking token (LST) that enables users to earn rewards by staking Ether (ETH) on the blockchain without traditional intermediaries, with the staked Ether automatically restaked on EigenLayer, while users receive the protocol's LST (eETH) to generate further yield across the DeFi ecosystem.