Immutable has partnered with Amazon Web Services (AWS) to join its ISV Accelerate Program and AWS Activate, offering support and resources for startups that want to build on Immutable's blockchain platform for video games. Unlike its competitor Google Cloud, AWS has been relatively quiet about its blockchain initiatives, although it already serves 25% of Ethereum workloads, according to John Kearney, AWS's head of startups in Australia and New Zealand. The partnership aims to facilitate the adoption of blockchain technology in the gaming industry.
Former FTX head Sam Bankman-Fried is on trial for fraud, and prosecutors presented evidence of Python code that allowed flagged client accounts to spend money they didn't have on the cryptocurrency exchange, allegedly used by his hedge fund Alameda Research as a slush fund, contradicting Bankman-Fried's previous statement that the hedge fund was treated the same as any other customer.
Bitcoin mining firm Hut 8 reported that it produced 111 BTC in September but did not sell any, as it does not need to finance its operations by selling its Bitcoin production; the company also plans to diversify into high-performance computing to boost revenue.
The Lightning Network, Bitcoin's layer-2 scaling solution, has experienced significant growth with a 1,212% increase in routed transactions and a 546% increase in volume in US dollars, despite a decline in Bitcoin's price and popularity in the market, according to a report by River Financial.
Saudi Arabia and China are partnering to develop an Arabic-based AI program called AceGPT, with the collaborative effort of a Saudi Arabian university and two Chinese universities, showcasing the increasing cooperation between the two nations in the field of AI.
Galxe, a blockchain platform, is reimbursing users who lost funds in a recent phishing scam by returning their funds and providing an additional 10%, with the hack resulting in over $396,000 in losses and affecting around 1,120 users.
Bitcoin (BTC) remains above $27,000 despite the war in Gaza, with a significant uptrend predicted, while Ethereum (ETH) is experiencing a downtrend due to slumping blockchain activity and low investor interest.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, predicts that the price of Bitcoin will reach $750,000 to $1 million by 2026 due to a major financial crisis and endless cycles of central bank printing that lead to inflation, preventing natural market cycles of growth and correction. He believes that mounting debt, out of control inflation, and the insolvency of the US banking system will contribute to Bitcoin's rise. However, he also expects a significant drawdown in BTC price after each bull market.
Bitcoin is a good option for investors in the current geopolitical environment, according to billionaire investor Paul Tudor Jones, who also emphasized the importance of gold as a safe haven asset.
Shiba Inu (SHIB) price has declined over 50% from its peak in February, with recent on-chain movements indicating a potential third consecutive losing month for SHIB holders as investors transfer 1 trillion SHIB tokens into crypto exchanges, leading to increased selling pressure and the possibility of further price retracement.
Former FTX co-founder, Gary Wang, discussed his plea deal and interpretation of Sam Bankman-Fried's tweet during his final day of testimony, while his successor, Caroline Ellison, began her testimony in the trial. Wang admitted to committing crimes with Bankman-Fried and pleaded guilty to four charges. He also stated that the tweet was true but misleading as the liquidation of FTX's FTT tokens would cause their price to fall.
BlockFi and Three Arrows Capital are in mediation to resolve a dispute over $284 million in payments to BlockFi, with a two-day hearing scheduled if a settlement cannot be reached.
Terror groups, such as Hamas, have been utilizing cryptocurrency to finance their activities, with estimates suggesting that crypto makes up 20% of global terror funding, prompting Israeli and US officials to seek cooperation from crypto exchanges to cut off access for users linked to these groups.
A new email course called "How To Earn Bitcoin" has been launched by Forbes, offering tips and education on bitcoin wallet basics, crypto tax accounting, networking, and using tools like Cash App and social media accounts to get started with bitcoin for free.
Billionaire hedge fund investor Paul Tudor Jones is considering Bitcoin and gold as he anticipates a recession and geopolitical conflicts, suggesting that they may have a larger role in investment portfolios than in the past.
Gary Wang, former CTO of FTX, testified in court that he took out hundreds of millions of dollars in loans on behalf of his former boss, Sam Bankman-Fried, but couldn't recall what most of the funds were for, highlighting questionable legal advice provided to FTX executives and the extent of Wang's personal liability.
AirSwap, a decentralized exchange, has introduced new features such as a decentralized NFT marketplace, OTC trading capabilities, and voter rewards, aligning with its mission to promote decentralized trading and address issues faced by centralized platforms.
Volcano Energy and Luxor Technology collaborate to launch Lava Pool, El Salvador's Bitcoin mining pool powered by renewable geothermal energy, to enhance energy infrastructure and promote sustainability.
Crypto industry workers in Israel are dealing with the personal and business implications of the Israel-Hamas war, with some organizing aid campaigns to raise crypto donations, while others continue to work remotely amidst the chaos.
Bitcoin's market share in the crypto market has risen to 48.5% as investors turn to the original cryptocurrency amid rising geopolitical risks, while Ether's market dominance has declined to 17%.
Robinhood has become popular among young investors due to its user-friendly interface and the ability to trade stocks, options, and cryptocurrencies all on one platform, according to Robinhood Chief Brokerage Officer Steve Quirk. The company has been focused on meeting customer demand and improving customer service, while also introducing new features such as retirement accounts, a securities lending program, and extended trading hours. Quirk also mentioned that Robinhood is a safe option for cryptocurrency trading, as it has taken a cautious approach compared to other platforms.
Israel has frozen cryptocurrency accounts used by Hamas to solicit donations on social media for their recent attacks on Israel, with the assistance of the Binance crypto exchange.
Hedge fund manager Paul Tudor Jones believes that extensive geopolitical risks and rising US government debt levels make it difficult to invest in stocks, but he sees bitcoin and gold as attractive options.
The Bored Ape Yacht Club, known for its unique NFT art, has faced challenges as its affiliated restaurant, Just Bored & Hungry, appears to be out of business, while the value of its APE coin has plummeted, raising questions about the sustainability of NFT investments and emphasizing the importance of utility-driven NFTs, particularly in gaming.
Hackers stole millions of dollars of cryptocurrency from FTX after the company declared bankruptcy, with FTX employees scrambling to protect assets, including holding $500 million on a USB drive.
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Sam Bankman-Fried's defense team in his ongoing trial seeks permission to question FTX co-founder Gary Wang about his loans from the collapsed crypto exchange's sister fund Alameda Research and the role of legal advice in accepting those loans.
New York-based artist Nelson Saiers, known as "The Warhol of Wall Street," has created a guerilla art installation called "Rug Pull" outside the United States SEC to highlight the victims of crypto scams and the shortcomings of centralized regulatory bodies like the SEC in protecting investors.
Binance's U.K. partner, Rebuildingsociety.com, is not allowed to approve crypto ads, according to the Financial Conduct Authority (FCA), potentially impacting Binance's compliance with new marketing rules.
Bitcoin traders are displaying uncertain sentiment, similar to the bear market bottom in 2022, as on-chain transaction data shows a collapse in the realized capitalization of short-term BTC holders, suggesting that Q2 is unlikely to see the same price gains as earlier in 2023.
Cryptocurrency exchange operator OK Group plans to rebrand its venture Okcoin to OKX, following the rebranding of another part of its business, OKEx, in December 2022.
Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, is facing his ex-girlfriend, Caroline Ellison, in court, where she is expected to testify against him on accusations of stealing billions from customers.
Despite multiple unsuccessful attempts to break out from a long-term descending resistance trendline, Chainlink (LINK) is currently in a bullish trend as indicated by the increasing RSI and accumulation by long-term holders and institutional wallets. However, if the price falls below the $6.95 support level, a bearish trend may continue with a potential drop to $6.35.
Bitcoin mining company Hut 8 continues to accumulate self-mined BTC, with its reserves reaching 9,366 Bitcoin, while also progressing in its merger deal with US Bitcoin.
U.S. supermarket chain Trader Joe's is suing decentralized exchange Trader Joe for trademark infringement, alleging that the crypto platform named itself after the supermarket to evoke its business and brand. Trader Joe's filed a complaint with the World Intellectual Property Organization in May 2022 to strip the crypto firm of its domain name.
Sam Bankman-Fried, founder of cryptocurrency exchange FTX, is facing federal fraud charges and a potential lifetime in prison for financial crimes related to the collapse of FTX, while evidence has been presented in court showcasing the $35 million luxury penthouse where Bankman-Fried and his colleagues resided.
Bancor Network's native token, BNT, experienced a significant surge in value after a crypto whale, suspected to be the Upbit exchange, accumulated millions of BNT tokens, causing the price to rise by almost 40% in 24 hours. A similar rally was observed with Orbs (ORBS) as 93.8% of its trading volume came from Upbit, resulting in a 43% price increase.
Ongoing tensions in the Middle East, particularly between Hamas and Israel, could lead to a short-term decline in riskier assets like bitcoin, as investors are concerned about the conflict spreading to oil-producing countries and impacting international trade. However, crypto markets have shown resilience in the face of geopolitical turmoil in the past, and investors should also monitor changes in the oil and energy markets to gauge the direction of bitcoin.
Bitcoin is expected to produce an annualized return of 1.1% over the next 100 years according to a fair value model based on Metcalfe's Law, which calculates the value of a network based on the number of users; however, the model has its limitations and bitcoin's price is still likely to oscillate above and below fair value.
Investors are showing a preference for ether over bitcoin in a high interest rate environment, with ether futures ETFs experiencing low volumes and the ether-bitcoin ratio reaching its lowest point since July 2022. The underperformance of ether relative to bitcoin is attributed to the bear market and the potential for continued underperformance due to the higher interest rate environment. Bitcoin's status as a digital gold and its regulatory advantages also contribute to its favorability over ether.
Bitcoin and other cryptocurrencies are experiencing resistance at certain price levels, and analysts are closely monitoring these technical levels following Bitcoin's recent breakout from a period of stagnant trading.
Bitcoin's upcoming halving event in April 2024 has generated high anticipation, with predictions of another massive rally and a possible surge past $100,000; however, past performance, supply and demand dynamics, and evidence from Litecoin suggest caution in relying solely on these predictions.
Israeli police have frozen cryptocurrency accounts linked to the Palestinian militant group Hamas, in an effort to combat terror financing and support ongoing efforts to maintain global community safety and security.
Tezos (XTZ) experienced a 7.5% surge, outperforming most of the crypto market, driven by increased trading volume on South Korean exchanges and significant liquidations, with Upbit recording the highest trading volume.
Despite not having the equivalent assets under management, Alameda Research minted over $39.55 billion in Tether (USDT) tokens in 2021, according to on-chain data flagged by Coinbase director Conor Grogan, surpassing the total value of USDT created by the firm.
The Reserve Bank of Zimbabwe has launched Zimbabwe Gold (ZiG), a gold-backed digital token, as a payment method to encourage investment in national assets and reduce reliance on the US dollar in a country with high inflation levels.
Ethereum's Layer-2 networks dominated transaction activity in Q3, accounting for 61% of all transactions and driven by the launch of Base and the popularity of the Friend.tech social token platform.
Billionaire investor Ray Dalio believes that central banks around the world, including the Federal Reserve, are losing money due to the high-interest rate environment and will eventually have to resort to money printing to cover their losses.
Bitcoin price stabilizes after a brief dip, while altcoins face selling pressure and potential short opportunities.
Sam Bankman-Fried, the cryptocurrency mogul behind the collapsed FTX exchange, built a global business empire that included offices in California, Hong Kong, and the Bahamas before facing trial for fraud.