Charles Hoskinson, the founder of Cardano, has compared former FTX CEO Sam "SBF" Bankman-Fried to Bernie Madoff, the mastermind behind the largest Ponzi scheme, criticizing the media for giving Bankman-Fried a "free pass" despite evidence of misappropriation and stealing customer funds. Bankman-Fried is currently on trial for conspiracy and fraud charges related to the collapse of FTX.
Tezos (XTZ) price breaks through a 230-day resistance trendline, leading to a 13% increase in a single day, accompanied by a surge in trading volume, sparking speculation about the underlying factors driving the rally and the involvement of a significant trader or "whale."
An NFT from the CrypToadz collection was sold for $1.6 million, raising questions about the high price and the involvement of the Ethereum coin mixing service Tornado Cash, known for its use in suspicious fund transactions.
Sam Bankman-Fried's lawyers are seeking permission to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research, arguing that it shows Bankman-Fried didn't realize the loans were improper.
Bitcoin and Ether options order books reveal a bias for selling, indicating expectations for low volatility and price turbulence despite escalating tensions in the Middle East.
Sam Bankman-Fried, the founder of crypto exchange FTX, is the subject of Michael Lewis' latest book, "Going Infinite," which explores his rise to billionaire status and subsequent legal troubles, presenting him as a math nerd who got in over his head with his profligate spending and reckless behavior.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
The SEC's engagement with spot bitcoin ETF applicants and positive developments from BlackRock indicate a high chance of approval for bitcoin spot ETFs by the end of 2023 or the first quarter of 2024, potentially leading to a wave of institutional investment and redefining investment dynamics.
Hong Kong police have warned users of a recent Binance phishing scam that has targeted Hong Kong-based customers, resulting in over $446,000 in combined losses over the last two weeks. Hackers gain access to users' Binance accounts by tricking them into verifying their personal details through fraudulent text messages, allowing the theft of assets from their wallets.
The ongoing Hamas-Israel conflict and a significant ether (ETH) sale by the Ethereum Foundation led to a 2% slide in the crypto markets, with over $100 million in futures positions evaporating, although bitcoin remained relatively stable.
Bitcoin's sideways price action could turn bullish as early as November, following patterns seen in previous cycles leading up to the halving event, according to market observers.
Decentralized social media platform Friend.tech has added a new security feature, allowing users to add a 2FA password to protect against SIM-swap attacks. These attacks have targeted Friend.tech users, resulting in the theft of significant amounts of Ether.
Hackers responsible for stealing over $400 million from FTX and FTX.US are using the media attention around Sam Bankman-Fried's fraud trial to further obfuscate the movement of stolen funds.
Ethereum's Layer-2 networks accounted for the majority of transactions in Q3, driven by the launch of Base and the popularity of Friend.tech, according to Messari's State of Ethereum report, with Base's growth exceeding expectations and highlighting the potential impact of new apps on blockchains. However, the report also notes that interest and enthusiasm in the market remain low due to the bear market.
A Bitcoin developer has proposed BitVM, a new method for implementing off-chain smart contracts on Bitcoin without the need for a soft fork, enabling Turing-complete Bitcoin contracts similar to Ethereum's optimistic rollups and expanding the capabilities of the Bitcoin network.
Investment giant VanEck warns that Ethereum rival Avalanche faces serious challenges, including a collapse in on-chain activity and a lack of venture capital backing and developer community.
A CrypToadz NFT was sold for $1.6 million, raising suspicions of wash trading or money laundering due to its connection to Tornado Cash, a service used for obscuring the flow of cryptocurrency.
A $20 million tokenized loan on decentralized lending platform Goldfinch went sour after the borrower's bets on a real-estate tech company and digital asset investments failed, putting $7 million of the funds at risk of loss. Warbler Labs, the pool manager, will backstop the losses to investors.
US markets rebounded and closed in the green despite initial concerns over the Israeli-Gaza conflict, with defense-related companies and oil producers seeing gains.
The US Securities and Exchange Commission (SEC) argues in a court motion that digital assets have no inherent value and are therefore considered investment contracts under its jurisdiction.
Gary Wang, co-founder and CTO of FTX, testified in the Sam Bankman-Fried fraud trial that Bankman-Fried requested the ability for sister company Alameda Research to withdraw more than its balance from customer deposits, and Wang deployed code to prevent Alameda from liquidating on FTX regardless of its balances or positions.
Brazil's securities regulator, the CVM, is planning to explore a regulatory sandbox for tokenization use cases starting in 2024, following positive experiences with asset tokenization.
Blocknative, a provider of tools for transactions on the Ethereum blockchain, has reduced its workforce by over 33% in a restructuring effort to extend its runway and pursue its Real-Time Observability thesis.
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, will testify in the high-stakes criminal trial against Bankman-Fried, revealing how they allegedly stole money from FTX and used it for investments through Alameda.
Judge Analisa Torres rejected the SEC's motion to appeal its loss against Ripple Labs, allowing the XRP price to surge; however, a trial is scheduled for April 2024 to address remaining issues in the case.
Rapper N.O.R.E. expresses frustration with the crypto slump, stating that his Bitcoin holdings are "ain't worth shit," joining the ranks of other rappers who have been impacted by cryptocurrency losses.
Researchers at Brown University have discovered vulnerabilities in OpenAI's GPT-4 security settings, finding that using less common languages can bypass restrictions and elicit harmful responses from the AI system.
The native asset of Render Network, RNDR, is predicted to experience a 33% rally, while Bitcoin's volatility could increase depending on its reaction to hitting $30,000.
Crypto strategist Benjamin Cowen believes that the crypto market is in a "brutal" stage as Bitcoin's dominance increases while altcoins drop, and he predicts that Bitcoin's dominance will likely peak at around 60%.
The NFL Alumni Association has partnered with Aventus to create NFT collectibles for retired NFL players, allowing them to monetize their memorabilia and trading cards through blockchain technology and giving fans access to signed merchandise and exclusive content.
Ripple's CFO, Kristina Campbell, has left the company for a position at Maven Clinic amidst Ripple's ongoing legal battle with the SEC over the sales of its XRP token.
SAGE Labs, the browser-based game experience on Solana, has surpassed the total transaction count of the entire Polygon network, with over 16 million transactions since its launch last month, making up 15% of daily Solana transactions, despite having only 1,442 active players on Sunday.
Bitcoin has decoupled from traditional equities such as the S&P 500, with its price trajectory no longer mirroring that of major indices, highlighting the changing dynamics between traditional financial markets and the cryptocurrency sector.
The CoinDesk Market Index (CMI) declined by -11% in the past quarter, with Bitcoin outperforming by -10.9% and Ether underperforming at -12.5%; however, Bitcoin and Ether have still shown impressive gains of 64% and 41% respectively for the year, highlighting their resilience as top-performing assets. Regulatory pressure on alternative tokens continues to drive a bifurcation in the crypto market between Bitcoin and Ether and other digital asset protocols, while the computing and DeFi sectors were relative outperformers in Q3 2023. The reduced level of risk, lower volatility, and decreased correlation with traditional equities suggest a maturation of the market or market illiquidity. Rising bond yields and tightening financial conditions may pose headwinds for crypto price appreciation, but the approval of a Bitcoin spot ETF could be a catalyst for breaking through these macroeconomic headwinds, enabling broader investor access and institutional adoption.
China Daily, an English-language newspaper owned by the Chinese Communist Party, is planning to create its own metaverse and NFT platform, with the aim of promoting Chinese civilization and utilizing technologies such as blockchain, NFTs, VR, AR, and more. The platform will also be integrated with popular NFT platforms like Opensea and LooksRare.
Charlie Munger, the vice chairman of Berkshire Hathaway, believes that most digital assets, including Bitcoin, will eventually become worthless, and he considers investing in cryptocurrencies to be foolish. He is also skeptical of the hype surrounding artificial intelligence, stating that traditional intelligence is more effective.
Ethereum rival Solana is gaining favor with institutional investors, as digital assets receive significant inflows, with Solana seeing the largest weekly inflows since March 2022.
Cryptocurrency traders lost over $100 million in liquidations during Monday's market downturn caused by the Middle East conflict, with the largest amount of long liquidations in a day since September 11.
Bitcoin is showing a bullish signal as US long bonds decline, with crypto analyst Jamie Coutts suggesting that the digital asset could enter a new bull cycle once it surpasses the $31,000 resistance level.
XRP price slipped nearly 5% and lost a crucial support line as the altcoin faces potential bearish divergence, while Ripple's CFO resigned and Deribit prepares to launch XRP options trading.
Crypto Aid Israel has been established to raise funds for Israeli citizens in need of humanitarian aid during the war with Hamas, with donations accepted in multiple cryptocurrencies and stablecoins.
Robert F. Kennedy Jr. has announced that he will no longer be running as a Democrat but instead will run as an independent in the 2024 presidential election, citing the need to declare his own independence and tackle corruption and corporate power, as well as his pro-bitcoin stance.
The Federal Reserve is expected to keep interest rates higher for longer due to the potential inflation caused by rising oil prices amid the escalating war between Israel and Hamas, according to billionaire venture capitalist Chamath Palihapitiya.
Bitcoin ASIC manufacturer Bitmain has reportedly paused employee salary payments due to difficulties in achieving positive cash flow, leading to a 50% base salary cut and suspension of bonuses and incentives.
Crypto investments surged by $78 million, with Bitcoin and Solana leading the way, according to CoinShares' latest investment report. Bitcoin received $43 million in inflows, while Solana experienced its largest weekly inflow since March 2022.
Crypto exchange Bitstamp is in talks with several big European banks to offer cryptocurrency services, indicating that the European Union's regulatory framework is enabling traditional financial institutions to enter the digital asset space, in contrast to the US where regulators are cracking down on crypto.
Attorneys for Sam Bankman-Fried, cofounder of FTX, want to introduce his $500 million investment in AI startup Anthropic in court, but prosecutors argue that it is irrelevant to the case and could cause prejudice and confusion.
Inflation of Chainlink (LINK) tokens could pose a challenge for the cryptocurrency to reach new highs in the next bull run, as the increased number of tokens in circulation requires a significant increase in buying pressure to match previous price levels, according to a crypto analyst.
The leadership mess in the U.S. House of Representatives could disrupt crypto legislation, casting uncertainty on the industry's hopes for clear regulatory rules and leaving it at risk of being sidelined as a volatile financial sector. The budget debate and the search for a new speaker of the House may delay progress, but there is still a possibility for crypto bills to advance before the end of the year. However, the Senate remains a hurdle, as there is limited enthusiasm among senators for crypto legislation.
The Ethereum Foundation has converted 1,700 ETH worth $2.76 million to Circle’s USDC stablecoin through Uniswap, following a history of previous conversions coinciding with declines in the price of Ethereum.