Jim Cramer suggests investing in gold instead of Bitcoin, citing concerns about the cryptocurrency's volatility, while others, such as Paul Tudor Jones, remain bullish on Bitcoin and see it as a resilient asset in uncertain times.
CoinMarketCap has developed a plugin for the AI chatbot ChatGPT, allowing users to ask crypto-related questions and access up-to-date crypto data without any additional fees.
Buyers struggle to maintain Bitcoin price above $27,000 as selling increases due to inflation pressure and uncertainty, but analyst predicts a potential rally to the next halving in November; BitMEX founder Arthur Hayes is even more bullish, predicting Bitcoin could reach $750,000 to $1 million by 2026.
Chainlink's native token (LINK) is seen as the "safest bet" for investors looking to profit from the tokenization of real-world assets (RWA) narrative in the crypto industry, according to research firm K33 Research.
Polygon-based stablecoin Real USD (USDR) plummeted to $0.51 after its treasury, exclusively holding a $6.2 million insurance fund and backed by TNGBL token, was drained of DAI, indicating its inability to liquidate large amounts due to low trading volume.
JP Morgan analysts assert that the approval of a spot bitcoin exchange-traded fund (ETF) could lead to a rally in the BTC mining industry, which is currently threatened by record-high hashrates and an upcoming block reward halving, and they recommend mining operators that offer the best value, such as CleanSpark and Iris Energy.
Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, signaling the "final stage" of the bear market according to one analyst.
The price of ether (ETH) is predicted to potentially reach $8,000 by the end of 2026 due to increased demand from gaming, tokenization, NFTs, and DeFi, according to a report from Standard Chartered Bank.
The US Financial Accounting Standards Board (FASB) has approved mark-to-market accounting for corporations and businesses holding crypto digital assets, allowing them to declare gains or losses based on the acquisition price, which has significant implications for crypto adoption in the corporate treasury world.
Improving efficiency and increased demand for Ethereum will lead to a potential rise in the price of ether to $8,000 by the end of 2026, according to Standard Chartered analyst Geoff Kendrick, with a long-term valuation of $26,000-$35,000. The forecast is based on expected improvements to the Ethereum blockchain, the growth of NFT transactions, the development of blockchain gaming, real-world asset tokenization, and positive regulatory developments.
Michael Lewis defends his sympathetic portrayal of FTX founder Sam Bankman-Fried, stating that the criticism he has received only serves to sell his book, which has already sold 100,000 copies in its first week. Lewis believes that comparisons between Bankman-Fried and Ponzi-scheme operators are unfounded and describes the chaotic atmosphere at FTX, while also criticizing the players in the bankruptcy process. He also mentions the possibility of FTX creditors being made whole through the monetization of the company's stake in Anthropic. Despite public rage towards Bankman-Fried, Lewis expresses discomfort with mobs and states that he would still visit Bankman-Fried if convicted.
Former hedge fund manager Jim Cramer maintains his bearish stance on crypto, stating that he can't invest in bitcoin due to the potential for a significant decline in value.
BitVM, a new paradigm outlined in a research paper, aims to bring Ethereum-style smart contracts to the Bitcoin network by enabling Turing-complete Bitcoin contracts through off-chain computations verified on-chain, without complicating the network for other users.
The average Ethereum gas fee dropped to 8.8 Gwei, the lowest since October 2, 2022, due to a decline in users on DeFi applications, NFTs, layer-2 networks, and Telegram bots, resulting in reduced trading volumes and gas consumption by major entities on the network. The inflation rate of Ethereum has also decreased, with minimal levels of Ethereum burned and a daily supply growth of 1,450 ETH.
Crypto bank Xapo has obtained a securities broker license, allowing it to offer European customers the ability to trade stocks such as Apple, in addition to expanding its services to include Ethereum trading. Xapo's focus is on long-term, diversified investing, catering to older demographics that view Bitcoin as a means of long-term investment or retirement savings. Xapo will also be adding Ethereum to its portfolio in the near future.
A proposal by Lido DAO to secure a $4 million grant from the Arbitrum community is facing opposition due to concerns about the grant's size and Lido's perceived centralization, with voting currently evenly split.
Former Alameda Research CEO, Caroline Ellison, testified that her ex-boyfriend and former boss, Sam Bankman-Fried, directed FTX's missteps, while the defense was dealt a blow as the judge denied requests to raise certain arguments in court, stating that the lack of crypto-specific U.S regulations and other factors were irrelevant. Ellison also revealed that she committed crimes with Bankman-Fried, including misstating Alameda's assets, using customer funds to repay debts, and not having enough funds to cover customer claims because Alameda had used the money for investments and lenders.
Hamas, Palestinian Islamic Jihad (PIJ), and Hezbollah received significant amounts of money through cryptocurrencies, with wallets linked to Hamas receiving around $41 million and PIJ receiving $93 million between August 2021 and June 2022, as Israeli police freeze crypto accounts to stop the flow of funds raised through social media campaigns.
Cryptocurrency trading and lending platform Membrane Labs has raised $20 million in funding to help build a mature trading infrastructure for the crypto industry and increase transparency and risk management.
Bitcoin and other major cryptocurrencies are struggling to maintain their early 2023 gains due to the U.S. government's crackdown on crypto, prompting billionaire hedge fund manager Paul Tudor Jones to stockpile bitcoin and gold amid the "cataclysmic" fiscal situation in the country.
Blockchain oracle Chainlink co-founder Sergey Nazarov believes that as the Chainlink ecosystem grows and becomes more widely adopted, people will understand the benefits of decentralized computing and the necessity of oracle networks, creating a cryptographically guaranteed world that is as attractive as being on the internet.
JPMorgan has launched its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), which enables the conversion of traditional assets into digital assets and allows for faster and more secure on-chain settlements.
Charlie Munger criticized cryptocurrencies, expressed skepticism about the hype surrounding AI, and praised Zoom during his keynote speech at Zoomtopia, where he also shared his advice for success in business and life.
The chief content officer of CoinDesk, Michael Casey, discusses the future of cryptocurrency and the challenges facing the industry, including regulation and the need for decentralized systems to protect against fraud and manipulation by centralized entities. Despite recent setbacks, Casey remains optimistic about the potential of blockchain technology and the importance of creating a safer, more decentralized financial system.
Coinbase is facing a legal battle with federal regulators over its operation as an unregistered securities exchange, with three new legal filings supporting the SEC's argument that it has the authority to regulate cryptocurrency under existing laws.
Bitcoin is a superior form of digital money that is unlikely to be supplanted by other cryptocurrencies due to its security and decentralization, making it an attractive store of value in a digital world, according to Fidelity Digital Assets.
Bitcoin miners have sold over 20,000 BTC this week, the highest amount since April, taking advantage of higher prices to offset operational costs and potentially creating sell pressure in the market.
Some analysts have drawn a correlation between the availability of McDonald's McRib sandwich and the price performance of Bitcoin, noting that Bitcoin has risen during certain years when the McRib was reintroduced, but cautioning that the correlation is likely coincidental and does not indicate causation.
The European Securities and Markets Authority (ESMA) released a report on decentralized finance (DeFi) and its risks to the EU market, highlighting the liquidity risk, counterparty risk, vulnerability to scams, and lack of recourse mechanisms as key concerns, although it concludes that DeFi currently does not pose significant risks to financial stability due to its small size and limited interconnectedness with traditional financial markets.
Cardano (ADA) price has fallen below $0.25, with investors turning to staking protocols to mitigate losses, potentially impacting price positively and keeping it above the $0.23 support, although the bearish sentiment could push the price closer to $0.23.
Bitcoin and other cryptocurrencies are experiencing a decline due to concerns about the impact of escalating violence in the Middle East, which stock investors are seemingly overlooking.
Long-term investors are accumulating Bitcoin at a rapid rate, leading to market illiquidity and a potential price rally.
Caroline Ellison, a former executive at Sam Bankman-Fried's hedge fund, testified that he instructed her to commit crimes before his cryptocurrency empire collapsed and revealed his aspirations of becoming the U.S. president; Ellison's testimony could be pivotal in Bankman-Fried's trial as he faces charges of fraud, conspiracy, and money laundering.
Bitcoin broke lower on October 11 and tested the $27,000 level, erasing all gains made in October after the September monthly close, with traders anticipating a potential breakdown or recovery from this key level.
Nigeria's central bank has asserted that its eNaira digital currency does not pose a threat to the country's financial stability, responding to media reports that suggested otherwise.
Bitcoin slipped 1.2% to trade just over $27,000 as worsening scenarios in the Hamas-Israel conflict shattered investor confidence in riskier assets.
Bitcoin cash (BCH) has seen the most improvement in market liquidity during the third quarter, making it an attractive alternative cryptocurrency for traders anticipating market volatility, according to Paris-based crypto data provider Kaiko.
Asset management giant BlackRock's entry into the Bitcoin space has the potential to fundamentally change the top crypto asset, according to BitMEX co-founder Arthur Hayes, who expresses concerns about the influence traditional finance could have on the underlying fundamentals of Bitcoin.
Sam Bankman-Fried considered shutting down trading firm Alameda Research due to concerns about its relationship with crypto exchange FTX and rumors of unfair advantages, according to court trial revelations; instead, he planned to continue Alameda as an investment firm and infrastructure developer without actively trading.
A Brazilian congressional committee has recommended indicting Binance CEO Changpeng Zhao and three other executives for fraudulent management practices and operating without sufficient authorization, among other financial crimes.
In the Sam Bankman-Fried trial, Caroline Ellison, Bankman-Fried's ex-girlfriend and former CEO of his crypto hedge fund, testified to committing crimes with Bankman-Fried and others, defrauding investors, and funneling funds without permission or disclosure, potentially dooming Bankman-Fried.
The Delhi Police's Special Cell discovered a link between a case of cryptocurrency theft and the cyber terrorism wing of Hamas, after Israel's intelligence agency, Mossad, shared information about suspect wallets operated by terrorist groups for funding purposes.
The use of Bitcoin's Lightning Network has increased significantly, with a 1,212% growth in two years and around 6.6 million routed transactions in August 2023, making it a more viable medium of exchange.
Cardano has surpassed other cryptocurrencies in development activity, with 611.47 notable GitHub commits in the past 30 days, indicating confidence in its longevity and potential for new features, according to Santiment.
Mainstream adoption of Bitcoin will only happen if it connects to the Ethereum Virtual Machine (EVM) and expands its use cases to the broader financial system, according to Willem Schroé, founder of Botanix Labs. Connecting Bitcoin to Ethereum-based real-world assets through the EVM is the first step in achieving this. However, there are concerns about security and centralization risks in multi-chain ecosystems.
Cryptocurrency products linked to football, particularly "fan tokens," are putting supporters at risk of financial harm, according to a report by UK MPs, who also criticized the use of non-fungible tokens (NFTs), stating they are inherently risky investments for fans. The report highlights the volatility of these tokens and warns against their use as a substitute for meaningful engagement with supporters. The Tottenham Hotspur Supporters Trust has strongly opposed the club's deal with "fan token company" Socios.
Untangled Finance, a tokenized real-world asset marketplace, has launched on the Celo network after securing $13.5 million in venture capital funding, with plans to expand to Ethereum and Polygon via Chainlink's Cross Chain Interoperability Protocol. The platform aims to bring tokenization to the private credit market and offers features such as a built-in liquidation engine and a forward-looking credit assessment model.
The US economy added an impressive 336,000 jobs in September, indicating its resilience and suggesting that higher interest rates are here to stay, which could potentially lead to a new bull market for risk assets and cryptocurrencies.
FTX co-founder Sam Bankman-Fried has been accused by Caroline Ellison of instructing her to steal money from FTX's customers in order to repay loans made to Alameda Research, with Ellison testifying that Bankman-Fried directed her to commit fraud; Bankman-Fried, who faces multiple federal charges including wire fraud and money laundering, has pleaded not guilty to all charges.
Blockchain gaming firm Immutable has partnered with Amazon Web Services (AWS) to develop infrastructure solutions for the crypto gaming industry, making it easier for developers to launch and scale their blockchain games. Immutable has joined AWS's ISV Accelerate Program, providing game developers using the Immutable X blockchain with technical support and up to $100,000 in AWS credits. AWS is also collaborating with the Blockchain Game Alliance, highlighting the growing interest in crypto-powered games.