The SEC must appeal Grayscale's court win or review its application for a spot Bitcoin fund, with analysts suggesting possible delays but unlikely denial on new grounds, while the approval of Grayscale's application could impact other Bitcoin ETF applications.
Former Alameda Research CEO Caroline Ellison revealed in a secretly recorded audio clip that the hedge fund had been using FTX customer deposits, leading to tensions and the collapse of FTX.
Terraform Labs has filed a motion in court, urging the judge to compel Citadel Securities to provide trading data relating to the collapse of its stablecoin, TerraUSD, in May 2022, claiming that Citadel played a role in intentionally causing the depegging of the cryptocurrency.
Bitcoin and crypto markets are following a cyclical pattern, with bull markets typically occurring after halving events, but a significant pullback is anticipated in the period leading up to the next halving event in April or May 2023, potentially causing a drop in BTC prices.
Major cryptocurrencies traded mixed on Thursday as the Consumer Price Index (CPI) for September exceeded expectations, indicating inflationary pressure on the economy.
Bitcoin is predicted to surpass gold and silver as the top safe haven asset due to its transparency and ease of verification, according to a crypto analyst.
Caroline Ellison admitted to taking FTX customer funds during an all-hands meeting with Alameda employees, as revealed in an hour-long recording obtained by Insider in the criminal trial against Sam Bankman-Fried.
BitVM, a Bitcoin-based virtual machine, is focused on scaling Bitcoin rather than implementing decentralized finance applications like Ethereum, according to one of its developers. The developer aims to improve Bitcoin's scalability and transaction speed, but does not want BitVM to become flooded with tokens from the Ethereum ecosystem. The developer also hopes that Bitcoin remains the only monetary unit on the Bitcoin network and wants to improve payment reliability, addressing a shortcoming of the Lightning Network. BitVM is optional, and users can transfer BTC or Bitcoin-assets out of the virtual machine if they choose.
Leading decentralized exchange Uniswap has released a beta version of its mobile crypto wallet for Android, offering features such as split-second swaps, transparent pricing, and protection against swap attacks.
Real USD (USDR), a stablecoin backed by real estate assets and built on Polygon (MATIC), has depegged from the US dollar (USD), causing its value to drop by almost half. The decentralized autonomous organization (DAO) behind USDR, Tangible, plans to put USDR on hold following the depegging incident.
Former Alameda Research CEO blames Binance CEO CZ for the failure of cryptocurrency exchange FTX, citing a tweet announcing Binance's liquidation of FTX Token (FTT) holdings as the cause, while CZ claims that Alameda's offer to buy the FTT holdings was the true reason for the collapse.
Cryptocurrency prices, including Ether (ETH), have fallen for the fourth day in a row due to a slightly higher-than-expected inflation report, with ETH reaching its lowest price since March; meanwhile, Bitcoin (BTC) remains relatively stable, potentially benefiting from its perceived safety during uncertain times.
The blockchain gaming industry received $600 million in venture capital investment in Q3 2023, a 38% decrease from Q2, bringing the total funding for the year to $2.3 billion; however, this is only 30% of what was raised in 2022, while the broader gaming industry has been hit hard with over 6,100 job losses.
Coinbase, the largest US crypto exchange, argues that a proposed IRS rule to define crypto brokers and regulate tax payments will threaten the industry and invade Americans' privacy.
Uniswap, the largest decentralized crypto exchange, has launched a closed beta Android version of its mobile app, allowing users to select coins on different chains without switching networks and detect transfer fees.
Ethereum is compared to Android and Solana to iOS, with Ethereum being a more flexible platform for third-party networks and Solana offering faster and cheaper performance for developers.
The majority of NFTs are reportedly worthless, with 69,795 out of 73,257 NFT collections having zero market cap, and 95% of NFT owners have lost money, leading major brands such as GameStop, Nivea, and Anheuser-Busch to reconsider their NFT ventures.
BRICK, the crypto reward token given out in Reddit's Fortnite community, experienced a significant surge in value, rising 131% in price over the course of a day, although the reason behind the sudden increase remains unclear.
Bitcoin's recent correction and fear dominating the market have led to decreased optimism among investors, as indicated by BTC derivatives metrics, suggesting a slim chance of the price breaking above $28,000 in the short term.
China has opened the first industrial park dedicated to developing the digital yuan ecosystem, offering incentives to residents such as free rent and advantageous loans in order to boost the adoption of the central bank digital currency.
The backlog of validators waiting to join the Ethereum blockchain has significantly decreased, with only 598 validators currently in the queue, reducing the expected waiting time to less than five hours, as staking demand cools and the network transitions to proof-of-stake.
Crypto company Voyager has been permanently banned from handling consumers' assets after falsely claiming that customers' accounts were FDIC insured, resulting in over $1 billion in lost crypto assets; the company has filed for bankruptcy and faces a $1.65 billion fine.
Once a favorite on FTX, Solana (SOL) has seen a decline in its performance, possibly due to its association with former FTX CEO Sam Bankman-Fried's criminal trial, with the cryptocurrency currently down 3% in the past 24 hours and over 7% in the past week.
FTX founder Sam Bankman-Fried's trial continues with former Alameda CEO Caroline Ellison testifying that she was directed by Bankman-Fried to commit fraud and money laundering crimes, taking several billion dollars from customers and using an "unlimited line of credit."
Scroll, a layer 2 scaling solution for Ethereum, has launched its main network, offering a ZK rollup using zero-knowledge cryptography and EVM compatibility, joining competitors such as Polygon and Matter Labs in the zkEVM space.
The co-creator of Dogecoin criticizes the lack of productivity in the DOGE community and highlights the difficulties of developing for the memecoin's blockchain, noting the community's toxicity and lack of donations.
Western expats in El Salvador see Bitcoin as a catalyst for future economic growth, envisioning the nation as a beacon of hope and freedom from the politics and restrictions of Western governments, with the potential for a fairer global monetary system based on the "Bitcoin Standard."
The United States Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) have filed parallel lawsuits against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital, for alleged fraud and registration failures connected to the platform.
The Securities and Exchange Commission is expected to release an important decision on the potential launch of a spot Bitcoin exchange-traded fund, which could significantly impact the token.
Standard Chartered, one of the largest banks in the world, predicts that Ethereum could potentially surge by over 2,100%, reaching $35,000 in the long term, citing increasing use cases, layer-2 scaling solutions, gaming, tokenization, and planned upgrades as factors for the price forecast.
Former Voyager Digital CEO, Steve Ehrlich, is being sued by U.S. regulators for fraud and misrepresentation of customers' government protections, with the Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) announcing related actions against him, including accusing him of misleading customers and doing business without proper registrations.
In a newly launched podcast called Tales From The Crypto: The Rise and Fall of FTX, Anthony Scaramucci shares his story of getting into business with Sam Bankman-Fried and discusses the collapse of FTX after selling a stake to Bankman-Fried.
A trader loses their entire investment after swapping a significant amount of USDR stablecoins for USDC during a liquidity crunch, resulting in a profit for a MEV bot through an arbitrage trade.
Trezor, a crypto hardware wallet company, has released new wallet models, including a Safe 3 wallet with enhanced security features, and a stainless steel product called Keep Metal for backing up recovery seed phrases, in an effort to encourage more users to take control of their digital assets.
Carvana shares are trading lower after being downgraded by an analyst, following competitor Shift Technologies filing for bankruptcy and concerns about Carvana's financing and potential bankruptcy.
Financial advisors are adapting and finding ways to support clients' investment in digital assets, including offering direct ownership, decentralized custodial options, and on-chain investment solutions as the demand for digital assets continues to grow.
Bitcoin (BTC) may have failed to reach $100,000 during the 2021 bull market due to the selling of BTC by executives at defunct exchange FTX, according to analysis and testimony from the ongoing trial of former FTX CEO Sam Bankman-Fried.
Cathie Wood's Ark Invest has filed a second amended application for a Bitcoin spot exchange-traded fund (ETF), addressing additional risk warnings associated with the Bitcoin network and ensuring that assets are kept separate from corporate or customer funds, indicating progress towards the approval of the industry's first spot Bitcoin ETF.
Mastercard has completed a trial with the Reserve Bank of Australia and other partners, demonstrating the ability to wrap central bank digital currencies (CBDCs) on different blockchains, allowing CBDC owners to purchase NFTs on Ethereum.
Blockchain analytics firm Elliptic has raised the possibility that the $477 million hack of FTX could be an inside job, as stolen assets are being moved by anonymous hackers just as the trial of FTX founder Sam Bankman-Fried begins.
Liquidity is dwindling in the altcoin market as risk appetite decreases, according to crypto analytics firm Glassnode, which also highlights low liquidity in the Bitcoin market.
Bitcoin developer Robin Linus released a paper proposing a way to enable more complex smart contracts on Bitcoin, potentially allowing developers to build more advanced applications and pushing Bitcoin forward in its competition with Ethereum.
Elon Musk streams Diablo 4 gameplay on social media platform X as a test of its new streaming feature, while NFTs show potential for building engaging communities in Web3 gaming.
The Indonesian government is looking to become a leader in Web3 technology and plans to conduct trials using blockchain technology in public service applications such as digital certificates for land ownership and education.
Cryptocurrency has been implicated in the funding of terrorist groups like Hamas, but the $41 million received through crypto is a small portion compared to other funding sources, and crypto is actually a poor tool for terrorist financing due to its traceability.
Former Alameda Research CEO Caroline Ellison is facing cross-examination by defense attorney Mark Cohen in the ongoing trial of FTX founder Sam Bankman-Fried, with Cohen asserting that Ellison is truly responsible for the exchange's collapse due to her failure to hedge against risks.
Eleanor Terrett, a Fox Business producer, has gained a large following on Twitter due to her commentary on the SEC v. Ripple lawsuit, but she warns that social media impersonators are targeting her and scamming people in her name. Despite the growing fanbase, she is not interested in paid sponsorships at the moment and focuses on providing reliable information on the legal and regulatory aspects of the crypto industry.
Former FTX CEO, Sam Bankman-Fried, allegedly had visible emotional reactions during the testimony of Caroline Ellison, the prosecution's star witness and his on-again off-again girlfriend, during his ongoing trial.
Bitcoin and the broader crypto market are down following the U.S. Consumer Price Index (CPI) report, which showed slowing inflation, with experts noting that investors are increasingly viewing Bitcoin as a safe-haven asset and CPI figures are becoming less relevant for the crypto market.
Venture capital funds are showing reduced interest in crypto, with investments reaching their lowest levels in over a year, but there are still crypto-native investors actively deploying capital and showing faith in the industry. The overall downturn in the market and regulatory uncertainty are contributing factors, pushing investors to conduct thorough due diligence and prioritize projects with tangible credibility and mainstream adoption potential.