BRICS countries, including China, Brazil, and Saudi Arabia, sold a total of $17.4 billion in U.S. treasuries in September 2023 to prevent the dollar from rising against local currencies and weakening commodities, such as gold and oil.
Former partner and CEO of Alameda Research, Caroline Ellison, is expected to testify in the fraud trial of Sam "SBF" Bankman-Fried, providing details about the movement of customer funds between the two companies.
Bitcoin has the potential to act as an "insurance instrument" against potential government system collapses, according to Fireblocks CEO Michael Shaulov, who also emphasized the continued importance of traditional banks and the rise of stablecoins.
Bitcoin futures prices are lower in early U.S. trading, but the bulls still have the advantage and are keeping the price uptrend alive.
Investment into the cryptocurrency market surged with $78 million flowing into the sector, primarily benefiting Bitcoin, while Ethereum ETFs received minimal interest and Solana experienced a substantial increase in inflows.
Inflows to digital asset investment funds reached $78 million, with Bitcoin investment funds receiving the highest proportion at $43 million, while Bitcoin trading volumes increased by 16% in the past week. Additionally, the launch of the Ethereum futures ETF in the US saw under $10 million in investments during the first week, indicating muted investor interest. Deribit, a crypto options exchange, plans to offer options tied to alternative cryptocurrencies XRP, SOL, and MATIC, and FTX founder Sam Bankman-Fried's defense against US Department of Justice charges may be prohibited from mentioning Anthropic's recent fundraising efforts.
Cryptocurrency investment products experienced inflows of $78 million for the second consecutive week, with volumes of crypto exchange-traded products reaching $1.1 billion and Bitcoin volumes rising by 16%, according to CoinShares.
The chief executive of OpenAI, Sam Altman, expresses concern about the US government's actions against crypto assets but acknowledges the need for regulations in the industry.
Bitcoin and other cryptocurrencies experienced a slight decline along with the wider market, but analysts are optimistic that the recent uptrend will persist.
FTX co-founder Gary Wang testified that the insurance fund balance of the crypto exchange did not match the actual funds held by the exchange, revealing it to be a fake number generated using an unconventional method, during the trial of Sam Bankman-Fried, who faces multiple charges including wire fraud and money laundering.
Ether prices slipped after a wallet reportedly belonging to the Ethereum Foundation sold over 1,700 ETH for $2.7 million, leading to a slide in major tokens as traders reacted to the move.
Negotiators in the EU are considering additional restrictions for large AI models, such as OpenAI's ChatGPT-4, as part of the upcoming AI Act, aiming to balance regulations for startups and larger models.
FTX, a cryptocurrency exchange that experienced a major hack last year, managed to prevent the loss of over $1 billion worth of crypto by scrambling to move funds to secure storage and transferring them to cold storage wallets.
The demand for Bitcoin as a digital store of value, combined with its potential approval for a US-listed spot ETF, could result in a significant rally and inflows of $20-$30 billion, according to a report by Matrixport.
The U.S. Department of Justice has requested that evidence or arguments related to the value of investments made by FTX founder Sam Bankman-Fried, including the $500 million investment in Anthropic, be excluded from the ongoing trial.
Major global cryptocurrency exchanges like Binance and OKX are working to comply with the United Kingdom's new financial promotion regulations to ensure fair and transparent crypto promotions, while some firms have been listed as "non-authorized" for promoting services without permission.
Billionaire investor Ray Dalio believes that cash is now a "relatively attractive asset class" due to changing financial conditions and a potential 1.5% real return, contradicting his previous claim that "cash is trash."
Deribit, the leading crypto options exchange, is expanding its offerings to include options tied to XRP, SOL, and MATIC, which will provide altcoin traders more flexibility and boost liquidity in the alternative cryptocurrency market.
Bitcoin remains steady at $28,000 amidst geopolitical instability, but as markets react to the war in Israel, volatility may increase, especially with upcoming macroeconomic triggers and on-chain metrics suggesting interesting times ahead for BTC price.
The UK's Financial Conduct Authority (FCA) has added multiple crypto exchanges to its warning list of non-authorized firms that customers should avoid, bringing the total number of entities on the list to 143.
United States prosecutors are seeking to prevent Sam Bankman-Fried's legal team from arguing that FTX customers could be fully compensated through the high valuation of Anthropic, as they contend that any mention of profitable investments is irrelevant to the charges against Bankman-Fried.
Bitcoin and ether remained resilient despite the turmoil in the Middle East, with both cryptocurrencies experiencing only a slight decline in the past 24 hours.
Bitcoin may be entering an uptrend if it settles above the $28,400 mark, according to crypto analyst Jason Pizzino, who also suggests that a weakening dollar index could further boost BTC's value.
Bitcoin's price is trading at around $28,000 with no clear direction, as on-chain metrics suggest that holders are at a no-profit, no-loss state, and the macro outlook, including the possibility of a rate hike by the US Federal Reserve, could influence its future movement.
OpenSea denies any evidence linking a former employee, Kevin Pawlak, to the AnubisDAO rug pull, stating that Pawlak had a limited role while working there and the alleged actions occurred before his time with the company.
Bank of America warns that oversold U.S. Treasury notes could indicate upcoming volatility in various financial assets, including bitcoin, as historically sell-offs have coincided with major market events.
South Korean cryptocurrency exchange Upbit experienced over 159,000 hacking attempts in the first half of 2023, marking a significant increase from previous years, prompting calls for increased security measures from the government.
United States President Joe Biden's announcement to cancel $127 billion student debt for 3.6 million citizens received a mixed response, with speculations about its impact on crypto prices and concerns about the burden on taxpayers.
JP Morgan Chase, Bank of America, and Goldman Sachs have been fined by the Commodity Futures Trading Commission (CFTC) for failing to properly report millions of transactions in the swaps market, with Goldman Sachs receiving the biggest penalty of $30 million due to "unprecedented failures" in swap data reporting.
FTX crypto exchange misrepresented the value of its insurance fund using hidden Python code and the fund was often insufficient to cover losses, according to former chief technology officer Gary Wang's testimony, who also admitted to committing fraud with FTX co-founder Sam Bankman-Fried and other executives.
OpenAI CEO Sam Altman believes that Bitcoin is a logical and important step towards a global currency free from government control, which can help combat corruption and reduce hindrances to progress in society. Altman and podcast host Joe Rogan express optimism for Bitcoin's potential as a universal viable currency, but they express concern and opposition towards central bank digital currencies (CBDCs) due to fears of increased government control and surveillance.
Bitcoin registered a loss of 11.1% in the third quarter of the year, defying recent positive developments in the crypto space, but there is hope for a recovery in the historically strong fourth quarter.
The head of the Consumer Finance Protection Bureau (CFPB), Rohit Chopra, warns that the collection of Americans' financial data by large financial firms could lead the United States to resemble China in terms of consolidated market structure and excessive surveillance. Chopra argues for stricter regulations on payment companies to disclose information on personal data and private currencies.
Tron founder Justin Sun is moving hundreds of millions of dollars worth of Ethereum to a crypto exchange, potentially for sale on the open market.
Ethereum and Tron Network have dominated transaction fees among all smart contract and Proof-of-Stake (PoS) blockchains, accounting for 88% of the total fees over the past year, with Ethereum leading at 57% and Tron at 31%.
BitMEX co-founder Arthur Hayes believes that the combination of AI commercialization and massive money printing by the Federal Reserve will lead to a significant bull run in cryptocurrencies.
BitMEX, a leading crypto derivatives exchange, has seen significant growth in recent years and has launched innovative products such as perpetual swaps and social trading features like Guilds, while also introducing new contracts for the Shiba Inu ecosystem. The CEO, Stephan Lutz, is optimistic about the state of the Bitcoin market and expects increased institutional interest and adoption. The cryptocurrency market is expected to continue growing, with regulatory clarity playing a crucial role in shaping its future.
Despite initial excitement about Ethereum's transition to proof of stake and the expectation of deflationary trends, the recent surge in global ETH supply has raised concerns about the network's inflationary nature and long-term financial health. While Ethereum core developers seem largely unconcerned, inflationary trends and the impact of low gas fees on burning ETH have sparked debate among users and investors.
A social finance platform on Avalanche called Stars Arena has experienced a loss of $2.9 million in AVAX tokens due to a smart contract vulnerability exploited by hackers, but the platform remains operational and is working to recover the funds and strengthen security.
Huobi Global's cryptocurrency exchange has recovered $8 million in stolen Ether through negotiations with a hacker, who accepted the offer and returned the funds.
"The Quiet Maid," a feature film funded through the sale of NFTs, has secured a global sales deal with Ibero-American entertainment firm FilmSharks, marking the success of blockchain-backed financing.
Despite positive news in the crypto industry, leading cryptocurrencies did not experience a price rally, while Grayscale's Ethereum fund aims to donate 10% of its ETF profits to support Ethereum protocol developers. Additionally, Twitter co-founder Jack Dorsey's company Block is releasing its first Bitcoin hardware wallet, and there has been a decline in active crypto developers this year. The release of a book whitewashing allegations against former FTX CEO Sam Bankman-Fried sparked criticism, and FTX's relationship with Twitter and potential fundraise for a company it has a stake in have also attracted attention.
The co-founder of FTX, a bankrupt digital asset exchange, revealed that its sister firm, Alameda, had been using billions of dollars of FTX customer assets for trading purposes since 2019, leading to accusations of fraud and mishandling of customer funds.
Gitcoin, a platform supporting open-source software development through quadratic funding, has disbursed over $50 million in grants and recently announced a partnership with Shell PLC, aiming to achieve traditional product-market fit and address user needs.
BitMEX co-founder Arthur Hayes predicts an "epic" bull market for crypto assets due to the commercialization of AI and historic money printing by the Federal Reserve.
Hong Kong police have made another arrest in connection with the JPEX cryptocurrency trading platform scandal, bringing the total number of arrests to 28, as the alleged financial fraud case involves HK$1.56 billion and 2,538 victims.
Bitcoin's bear market may be over and an upward expansion is likely, according to a popular crypto analyst who compares the current situation to that before the 2016 and 2020 bull markets.
Bitcoin and other major cryptocurrencies have lost momentum after a surge in 2023, but a leaked announcement from a major tech company may change the course.
Ripple's CTO, David Schwartz, has urged the XRP Ledger validators to support an automated market maker (AMM) feature, but only if there is consensus within the community, stating that the changes could be implemented in as little as two weeks if a majority supports the amendment.
Web3 technologies, including cryptocurrencies like Bitcoin and USDC, are driving financial inclusion in Africa and empowering individuals by bridging gaps in traditional financial systems, as exemplified by Nigeria's Korapay, the largest cross-border remitter in the country, which processes billions in payments through crypto assets. The popularity of stablecoins like USDC in Africa can be attributed to economic disparities, currency instability, and the desire for financial independence, allowing individuals to accumulate wealth in stable digital assets and work for internet-native organizations worldwide. However, the dollarization of these economies also poses risks to fragile governments, and the consequences of regulatory actions regarding stablecoins remain uncertain. Nevertheless, the adoption of digital assets in Africa showcases human resilience and innovation in the Global South, paving the way for a more inclusive and equitable financial future.