US regulators are likely to approve all spot Bitcoin exchange-traded fund (ETF) applications at once, according to a former executive at BlackRock, due to the influential role of the investment titan in the industry.
Despite the recent rally in Solana's SOL, it's unclear whether the price surge is a result of Bitcoin's movement or other factors, such as the successful network upgrade to version 1.16 and increased usage of decentralized applications and NFT volumes on Solana. Solana is trying to establish itself as the fifth-largest cryptocurrency by market capitalization, but faces stiff competition from Ethereum layer-2 solutions.
A spike in interest rates has negatively impacted stocks and bonds, but Bitcoin may continue to rise regardless of the rate changes.
Former FTX executive Gary Wang testified in court that founder Sam Bankman-Fried directed a related hedge fund to misuse billions of dollars in customer funds, contradicting Bankman-Fried's public statements about the safety of customer assets.
Bitcoin (BTC) could reach $120,000 and outperform gold, according to the co-founders of crypto analytics firm Glassnode, who predict the BTC/XAU trading pair will soar to 98 times the price of gold by early 2024.
Former FTX CEO Sam Bankman-Fried allegedly authorized Alameda Research's account to trade more funds than it had available, according to FTX's former CTO Gary Wang's testimony in court during Bankman-Fried's trial, which is centered around allegations of misusing FTX user funds at Alameda without customers' consent.
FTX cofounder Gary Wang testified that the crypto exchange rolled out a new feature allowing Alameda Research to have an unlimited line of credit, contradicting claims made by Sam Bankman-Fried that Alameda received the same treatment as any other customer.
The collapse of FTX has sparked criticism of Web3 technology, but the story of 10-year-old artist Sevi from the Philippines showcases the transformative potential of Web3, allowing individuals to earn money, own assets, and build wealth on a global scale.
"Going Infinite," the new Sam Bankman-Fried biography by Michael Lewis, tells a detailed story of his rise and fall, but lacks accuracy in portraying the web3 community and could spread misconceptions about the crypto industry.
The upcoming Future of Digital Assets conference by Benzinga promises to be the pinnacle event of the year, bringing together industry leaders to discuss the future of the crypto world, compliance and regulation, blockchain innovation, practical applications of blockchain technology, and the intersection of entertainment and crypto.
Crypto hedge fund Alameda Research had exclusive privileges on FTX exchange that allowed them to use $8 billion of customers' funds, according to testimony from a former top executive, Gary Wang, who co-founded both companies with Sam Bankman-Fried.
Bitcoin's price experienced volatility and dropped 2.1% after strong US employment data dampened expectations of further Federal Reserve counterinflation measures, but rebounded with $27,700 back in focus; Bitcoin open interest also declined.
A new report reveals that over $1 billion was lost in crypto this year, with $600 million lost in the last quarter due to an increase in successful hacks and specific events, highlighting a significant power law distribution in terms of the level of impact and loss.
The Basel Committee on Banking Supervision is considering requiring banks to disclose their crypto asset holdings, as crypto concentration in a small number of banks contributed to the banking crisis in March.
Bitcoin whales are showing a "risk-on mode" by transferring BTC from spot to derivative exchanges, indicating a bull market, according to crypto analyst Ki Young Ju.
Lawmakers in Taiwan plan to create a first draft of a special law on offshore exchanges by the end of November 2023 in order to regulate crypto-related businesses and prevent regulatory arbitrage.
THORSwap exchange has temporarily transitioned into maintenance mode after illicit funds, including transactions originating from the "FTX Exploiter" wallet, passed through the platform, with the exploiter now swapping ether into tBTC tokens.
Backed Finance has announced the launch of a tokenized government bond on the Base layer-2 network, with plans to expand its product offering by tokenizing other assets, such as equities and commodities.
Swiss tokenization firm Backed Finance has launched the first real-world asset token on Coinbase's Base blockchain, offering a blockchain-based version of BlackRock's short-term US Treasuries ETF, with a 5.25% annual yield, to qualified investors and licensed distributors.
The rise of Ethereum staking has led to increased centralization and lower yields, with the top five liquid staking providers controlling over 50% of staking on the network, according to a report by JPMorgan. This centralized control poses risks to the Ethereum network and its security.
MetaMask has developed a new feature called Snaps that provides users with more transaction insights and enhances security by ensuring users are fully aware of each step of their journey and have consent before approving transactions.
BitMEX co-founder Arthur Hayes predicts that Bitcoin will reach $750,000 to $1 million by 2026, but warns of a financial crisis on par with the Great Depression following the bull market.
The US economy added 336,000 jobs in September, surpassing economist predictions and causing a slight dip in the price of bitcoin, while stock and bond prices continue to decline.
Ether (ETH) futures ETFs had a lackluster performance in their first week of trading, with low volumes compared to bitcoin (BTC) futures, prompting analysts to revise their bullish outlook and focus on bitcoin investments instead.
Crypto strategist Altcoin Sherpa predicts that a surge in altcoin trading could occur in the coming months, particularly in December and January, with Ethereum expected to lead the way after a 5% decline against Bitcoin.
Chainlink (LINK) is predicted to have a bullish breakout, potentially doubling in price to around $14, according to an analyst who accurately predicted the crypto bottom in November 2022. However, the analyst notes that the price action of Bitcoin (BTC) will also play a significant role in Chainlink's future performance.
The 37xDubai art gallery in Dubai aims to educate artists and art enthusiasts on NFTs and the Web3 ecosystem through workshops, using NFTs based on the Tree of Life art installation as its membership tokens.
Bitcoin (BTC) experienced decreased volatility as it struggled to push past the $28,000 mark and faced concerns from market participants over potential losses to come.
Sam Bankman-Fried, the former crypto billionaire and founder of FTX, is facing trial for wire fraud and conspiracy, with potential prison time of up to 110 years if convicted, while Donald Trump, who is also on trial for fraud, holds significant cryptocurrency assets and NFTs.
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
The UK government has been advised by think tank Policy Exchange to implement 10 proposals for Web3 regulation, including limiting liabilities for individuals holding tokens in decentralized autonomous organizations (DAOs) and allowing alternative techniques for Know Your Customer (KYC) procedures, in order to attract Web3 firms leaving the US due to regulatory uncertainty.
Toncoin (TON) saw a 4% surge in value, outperforming other cryptocurrencies, after MEXC Ventures announced an eight-figure investment into the TON ecosystem, supporting various TON-based projects, and offering 0% trading fees for Toncoin.
Bitcoin and other cryptocurrencies experienced a slight decline as traders showed caution ahead of the release of the US jobs report for September.
The European Securities and Markets Authority (ESMA) has released a consultative paper seeking input on various aspects of regulation for crypto-assets, including sustainability indicators, trade transparency measures, and record-keeping requirements, with a final report due in June 2024.
THORSwap, a decentralized exchange (DEX) powered by THORChain, has entered maintenance mode to prevent the movement of illicit funds, while decentralized finance (DeFi) lending protocol, Yield Protocol, has decided to permanently shut down due to lack of business demand and regulatory pressures.
The rise in Ethereum staking has led to increased centralization and decreased overall staking yield, posing risks for the Ethereum network, according to JPMorgan.
Bitcoin could face difficulties in the long term due to tightening liquidity in the current macroeconomic environment, according to crypto analyst Nicholas Merten. Merten believes that Bitcoin's price is heavily influenced by monetary policy and warns that if sentiment turns bearish, investors may start cashing out.
Bitcoin could potentially experience a short-term reversal due to recent price increases, and the underperformance of ether futures exchange-traded funds (ETFs) has had a negative impact on major cryptocurrencies.
Major cryptocurrencies experienced a decline as investors awaited crucial jobs data that could impact interest rates, with Bitcoin, Ethereum, and Dogecoin all seeing price drops.
A fraud case against Sam Bankman-Fried is progressing as witnesses testify against him, including his former roommates, and evidence of his knowledge of the troubled enterprise is presented; investors and customers are also testifying, highlighting the lies they were told and the financial crimes committed.
The US Treasury's Office of Foreign Assets Control (OFAC) has added crypto wallets linked to illegal fentanyl trade to its SDN list, with addresses collectively receiving nearly $3.8 million worth of cryptocurrency, highlighting the use of cryptocurrencies in drug trafficking networks primarily based in China.
FTX founder Sam Bankman-Fried's co-founder Gary Wang testifies in court that they committed financial crimes, including fraud, and lied to the public, while prosecutors try to prove that Bankman-Fried stole billions of dollars from investors and customers for personal gain and political contributions.
Blackbird Labs, an app and loyalty program for restaurants, has raised $24 million in funding to connect customers through its crypto-powered app, allowing users to create NFT memberships that unlock rewards and insider perks.
FTX co-founder Gary Wang has testified in court, accusing Sam Bankman-Fried and his inner circle of committing wire fraud by allowing Alameda Research to withdraw unlimited funds from the crypto exchange and sister company FTX; Wang has pleaded guilty and is cooperating with authorities in the investigation.
Former FTX CTO Gary Wang testified in court that Sam Bankman-Fried, along with Caroline Ellison and Nishad Singh, committed crimes during their time at FTX, including allowing Alameda to withdraw unlimited funds, lobbying, and using FTX user funds to cover losses at Alameda.
Former FTX employee testifies about a bug in the code he wrote that led to understated crypto losses at Alameda Research, revealing an incestuous financial relationship between FTX and Alameda that ultimately resulted in FTX's collapse and criminal charges against CEO Sam Bankman-Fried.
The U.S. Securities and Exchange Commission has filed a lawsuit against Elon Musk, seeking to compel him to testify in their investigation into his purchase of Twitter and his public statements about the company.
Yuga Labs, the creator of Bored Ape Yacht Club, has made a strategic investment in spatial computing startup Hadean to support the scaling of its upcoming metaverse Otherside and enhance the game's ability to accommodate numerous players simultaneously.
Solana (SOL) has emerged as the preferred altcoin for institutional investors, attracting inflows of $31 million this year and maintaining a positive trend, while Ethereum continues to see outflows for the seventh consecutive week, according to CoinShares.
Bitcoin is poised to reach new highs, according to crypto analyst Michaël van de Poppe, while Chainlink may undergo one final correction before a breakout that could extend into 2024.