Bitcoin and other cryptocurrencies experience a surge as traders anticipate the approval of a Crypto ETF by the Securities and Exchange Commission.
FTX's bankruptcy estate staked $122 million in Solana (SOL) tokens and $5 million in Ethereum (ETH) in an effort to generate passive yield, as part of the company's "Digital Asset Management and Monetization Program," approved last month.
ARPA Network's random number generator, Randcast, goes live on Optimism, providing a secure solution for random number generation in the gaming industry. Unstoppable Domains integrates with Webacy to offer users a safety score and panic button for wallet security. EOS EVM enables trustless bridging of USDT from the native layer and introduces cross-virtual machine communication. Contango brings its flagship product, cPerps, to Optimism after a successful launch on Arbitrum. Gnosis Chain collaborates with Moralis to provide developers access to Web3 APIs, enhancing advanced Web3 solutions on Gnosis Chain.
Prominent Bitcoiners and contemporary adopters emphasize the fundamental value proposition of Bitcoin, focusing on its role in decentralization, wealth control, and privacy amidst government surveillance and restrictive policies.
Stablecoin issuer Tether freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine, collaborating with local law enforcement agencies to block the use of funds linked to terrorist financing.
Emily Parker is an anchor and producer at CoinDesk who has extensive experience in journalism and digital diplomacy, including advising on Internet freedom and digital diplomacy at the U.S. State Department.
Stablecoin issuer Tether has frozen funds in 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, working with Israel's National Bureau for Counter Terror Financing (NBCTF) in an effort to counter cryptocurrency-funded terrorism and warfare.
Digital currencies, particularly payment stablecoins, have the potential to upgrade America's financial system and benefit families and businesses by making transactions easier, faster, and cheaper, but this can only be achieved if Washington passes stablecoin legislation that prioritizes financial stability and consumer safety.
Luxury car manufacturer Ferrari has announced that it will accept cryptocurrency as payment for its sports cars in the United States and plans to expand this payment option to Europe, catering to the demands of its affluent clientele who are both traditional investors seeking diversification and young investors who have accumulated wealth through cryptocurrencies.
Ferrari has announced that it will accept cryptocurrencies as payment for its vehicles, a move that sets it apart from other luxury car manufacturers like Tesla, and aims to attract new customers who may not have previously considered buying a Ferrari, with the company planning to offload the risk of volatile cryptocurrency prices to BitPay and initially limiting crypto payments to the US market.
Cryptocurrency platform Haru Invest plans to suspend its server in order to reduce maintenance costs, following the halt of withdrawals in June 2023.
ARK Invest CEO Cathie Wood believes that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is blocking a spot market Bitcoin exchange-traded fund (ETF) despite the agency's knowledge and understanding of Bitcoin. Wood suggests that multiple spot Bitcoin ETFs may be approved in the future.
BIGTIME, the native token of the blockchain-powered multiplayer game Big Time, has surged 250% in just five days, but analysts warn of supply inflation and potential sell-side pressure due to the game's tokenomics.
Hamas has reportedly used millions of dollars in cryptocurrency to fund their activities, including the acquisition of weapons used in the recent terrorist attack on Israel, highlighting the challenges of regulating crypto and addressing illicit finance.
Irish authorities have managed to recover around 4 million euros of the 20 million euros lost to banking scams in 2023, as fraudsters in the country target traditional banking customers rather than cryptocurrency investors.
Ferrari will start accepting cryptocurrency as a payment method in the U.S. and plans to extend it to Europe due to demand from wealthy customers, using BitPay to process transactions in bitcoin, ether, and USD coin.
Altcoin Loom Network (LOOM) has surged over 31% in less than a day as a large whale, potentially Korean exchange Upbit, accumulates nearly $6 million worth of coins, with the entity controlling about half of LOOM's total supply.
The Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre (DMCC), providing technical and business development support as well as privileged treatment for Solana's existing partners.
Coinbase's research report states that the Ethereum blockchain validator queue has cleared, indicating a decline in investor demand for ETH staking and a decrease in staking yields, which are expected to remain stable unless there are major technical developments or hacks.
Crypto exchange Binance has burned over $450 million worth of BNB tokens, permanently reducing the circulating supply and increasing value for holders.
Bitcoin jumped 4.5% amid hopes for the approval of a bitcoin exchange-traded fund (ETF), potentially clearing the way for the first bitcoin ETF in the US.
The FTX bankruptcy estate has staked millions of dollars worth of ether and solana on the blockchain, potentially earning significant rewards in the future.
The GBTC discount, a widely tracked crypto market indicator, has reached its lowest level in 22 months, suggesting increased optimism for Grayscale's conversion of its bitcoin trust into an open-ended spot-based ETF.
The Ethereum DApps ecosystem is flourishing, offering developers the opportunity to build applications on a secure blockchain network using their own native coins or non-fungible tokens (NFTs), with over 3,000 DApps currently running on Ethereum.
The United States government holds around 200,000 BTC, worth around $5.4 billion, seized from cybercriminals, but it appears to have no urgency to liquidate its holdings and participates in the unintentional role of a lazy hodler, with the process of converting Bitcoin into dollars being slow and dictated by legal proceedings.
Lawyers for Sam Bankman-Fried, co-founder of FTX, are requesting expanded access to ADHD medication Adderall to ensure he can concentrate and actively participate in his criminal trial.
Cybercriminals are using Binance smart contracts to hide malicious payloads and trick users into updating their browsers from fake prompts, according to cybersecurity researchers.
The Australian Treasury has proposed new regulations to regulate cryptocurrency exchanges under existing financial services rules, receiving praise from crypto exchanges for providing regulatory certainty and promoting industry growth and innovation. However, some express concerns about fitting the crypto industry into existing financial services regulation.
Sam Bankman-Fried's lack of access to adequate medication for ADHD may potentially impact his ability to testify in his criminal trial, highlighting the challenges faced by defendants in obtaining necessary medication while in federal custody.
Over the weekend, major cryptocurrencies experienced a mixed trading pattern influenced by factors such as the Israel-Hamas conflict, inflation concerns, and the ongoing trial of Sam-Bankman Fried, with Bitcoin and Ethereum showing modest gains while Dogecoin saw a slight decrease.
The crypto industry in Asia is flourishing as it attracts projects and investors looking to avoid regulatory uncertainties in the US, leveraging favorable policies and growing crypto adoption in the region.
Lawyers for FTX founder Sam Bankman-Fried are seeking to expand their questioning of government witnesses in order to strengthen their defense theories and prevent further damage to their client's image, as his trial enters its third week. They are also attempting to argue that FTX complied with its own terms of service to counter accusations of fraud. Meanwhile, prosecutors assert that Bankman-Fried misused client funds and repeatedly misrepresented FTX's handling of them.
Rumors of a "kill switch" for Solana blockchain prompted the platform to remind hackers of its bug bounty program, offering rewards up to $2 million, as concerns about the platform's decentralization and its association with Sam Bankman-Fried persist amidst his ongoing criminal trial.
Upbit Singapore has received initial approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to provide digital payment token services to institutional investors while awaiting its full license.
Dogecoin (DOGE) may enter a bull market if it overcomes two resistance levels, potentially reaching a new all-time high of $1, according to crypto strategist Ali Martinez. However, DOGE must be wary of the $0.0482 support level to avoid a new yearly low. Meanwhile, Martinez also suggests that Bitcoin's bull run will resume if it closes above $28,233, as indicated by the warm supply realized price indicator.
The Australian government plans to regulate cryptocurrency exchanges by requiring them to obtain a financial services license from the local financial regulator, aiming to address consumer protection and innovation in the digital asset sector. However, the proposal has received mixed reactions from crypto exchanges in Australia, with some praising the regulation for providing appropriate protections, while others express disappointment as it attempts to fit crypto into existing financial services rules rather than establishing a dedicated framework. The consultation paper is open for feedback until December 1, 2023.
Australia's central bank is studying the potential launch of a central bank digital currency (CBDC) and exploring the benefits of tokenised money, which could save billions of dollars in costs in domestic financial markets.
The recent collapse in the price of NFTs is not a sign of distress but rather a sign of maturation in the technology, as market adjustments and a shift towards genuine utility and innovation are expected to stabilize the market, according to Web3 executives.
Coinbase is demanding immediate action from the Securities and Exchange Commission (SEC) or for the courts to intervene on its request for formal rules on digital assets as securities. Despite a previous delay, Coinbase accuses the SEC of refusing to act on its petition, leaving digital assets in a difficult situation with no clear guidelines.
Crucial intelligence reports on potential threats from Hamas failed to reach top officials in the Biden administration, raising concerns about communication protocols and the administration's focus on global threats.
Bitcoin is experiencing a significant increase in the number of large wallets, indicating a rise in investor interest, despite concerns about inflation and the bear market. Gold and silver, on the other hand, are outperforming crypto amid global geopolitical tensions.
Crypto prices dropped this week due to war and inflation concerns, as investors sought to hedge against economic and political uncertainty, while a DeFi enthusiast warned Binance of Hamas using its network for donations.
Coinbase is pressing the U.S. Securities and Exchange Commission (SEC) to respond to its rulemaking petition on clarifying the application of securities laws to digital assets within 30 days.
The S&P 500 Index had a positive week, while gold saw a significant increase, but Bitcoin's performance was weak as it is on track to end the week down; market observers are keeping their focus on Bitcoin as its sustained price above $25,000 could lead to a bullish move and potential buying in select altcoins.
A new hook on Uniswap V4 pools allows Know Your Customer (KYC) verification, sparking debates about the future of decentralized finance (DeFi) and the potential whitelisting of protocols by regulators.
The U.S. Securities and Exchange Commission (SEC) will not appeal a court ruling that directs it to reconsider Grayscale's application to launch a Bitcoin ETF, potentially opening the door for such products to be approved and allowing investors to gain exposure to Bitcoin without owning it directly.
El Salvador's security policies, economic recovery, bond strength, and tourism boom are attributed to the country's adoption of bitcoin as legal tender, according to Vice-president Felix Ulloa, who also highlights the interest from Wall Street investors and collaborations with major companies like Google.
High-profile cryptocurrency investors, known as "whales," have transferred a significant amount of Bitcoin, Ethereum, Shiba Inu, and XRP, totaling $511 million, with transactions taking place between Coinbase, anonymous wallets, and various crypto exchange platforms.
Bitcoin's price analysis highlights the significance of the $27,000 mark as it aims for a breakthrough, with experts predicting potential support and upside movement.
Crypto finance, despite its claims of decentralization and independence from state-backed money, is heavily dependent on centralized platforms and is a vehicle for financial speculation rather than a means of escape from state control, according to Ramaa Vasudevan, professor of economics. Moreover, the growth of crypto will compound the volatility of global capitalism and its environmental impact is significant due to the energy-intensive process of mining and validating crypto tokens. The rise of stablecoins has been crucial in the development of crypto finance, but it is ultimately dependent on conventional currencies for stability. The recent crash of crypto finance has revealed its fragility and the absence of central banks as lenders of last resort exacerbates financial instability. Crypto finance fits into the wider picture of financialization and asset-price bubbles, promoting inequality and concentration of wealth. Ultimately, the politics of money and its relationship with the state are contested in the crypto sphere, as it neither depoliticizes nor democratizes money. Finally, crypto finance has become a battleground in the economic competition between the United States and China, with both countries striving for dominance in the digital currency space.