The CoinDesk Bitcoin Price Index (XBX) is a reliable and widely-used reference for the price of bitcoin, serving as the standard benchmark for the crypto market and trusted by major institutions and market participants.
Blockchain needs more than just identity verification, it needs proof of trust through a system of attestations that validate an individual's claims and establish their reputation.
Valkyrie, an asset manager, has stated that it will not purchase ether futures until the SEC approves adding it to its Bitcoin Strategy ETF, and it will also unwind any previously made ether futures purchases.
Bitcoin options contracts worth $3 billion are set to expire today, but experts suggest that it is unlikely to significantly impact the price of Bitcoin, as historical data shows that options expiries in crypto do not affect prices much.
Napster's new CEO, Jon Vlassopulos, plans to make the music service relevant again by shifting towards a platform model where fans can buy music, merchandise, and tickets within a Roblox-like environment, with a focus on virtual merchandise (verch) and a crypto component.
Co-founder of Three Arrows Capital, Su Zhu, has been arrested in Singapore and sentenced to four months' imprisonment for contempt of court after failing to comply with a court order relating to the recovery of funds for creditors of the bankrupt hedge fund.
Worldcoin (WLD) could potentially surge by over 11% according to cryptocurrency trader Altcoin Sherpa, who also highlights Biconomy (BICO) and Terra (LUNA) as coins to watch in the market.
The demand for staking on Ethereum has exceeded expectations, leading to the rise of third-party staking providers like Lido, which has raised concerns about centralization and threatens Ethereum's decentralization.
Co-founder of Three Arrows Capital, Su Zhu, has been apprehended in Singapore following the collapse of the hedge fund and the subsequent impact on the crypto industry, while fellow co-founder Kyle Davies remains missing; both were previously banned from owning or running any registered capital markets firm for nine years in Singapore and reprimanded by Dubai's crypto regulator for operating an unregulated exchange.
Bitcoin Cash (BCH) price rallied to $240, driven by increased trading activity from whale investors, making it the second-best performing asset in the top 20 crypto market rankings; however, growing bearish concerns and negative sentiment on social media pose a challenge to the continuation of the rally.
Former influencer Ben Armstrong, also known as BitBoy, was arrested for loitering after being fired from the HIT Network and asking for XRP donations; the network then lost another influencer, Frankie Candles, amid tensions. Meanwhile, SEC Chair Gary Gensler omitted mentioning a judge's ruling on Ripple's XRP sales in his speech, and Ripple appointed a new US policy chief. Additionally, analysts predict a downside for Ethereum, and Google now provides BigQuery support for multiple blockchains.
Crypto investment firm CoinShares is optimistic about cryptocurrency regulation in the United States as it enters the market and believes that the US is a global leader in digital asset development.
Stablecoin issuer Circle argues that stablecoins tied to other assets shouldn't be subject to financial trading laws, intervening in the SEC's case against Binance. Valkyrie begins buying ETH futures contracts, becoming the first U.S. ETF to offer exposure to Ether and Bitcoin futures under one wrapper. Coinbase receives regulatory approval in Bermuda to list perpetual futures for users outside the U.S., following its acquisition of a license to operate a spot exchange in April. Addresses holding at least 0.1% of bitcoin's supply have seen strong net inflows throughout Q3, indicating growing interest from organic buyers.
Stablecoin issuer Circle Internet Financial has released Perimeter Protocol, an open-source smart contract codebase that allows for the development of tokenized credit markets, enabling various credit use cases such as invoice factoring, payroll advances, instant settlement, and credit trading for institutional investors. This move comes as the tokenization of real-world assets gains momentum, with tokenized assets predicted to grow to a $5 trillion market in the next five years. Circle aims to leverage the protocol to enhance the utility of its stablecoin USDC and Euro-pegged token EURC in decentralized finance (DeFi) credit platforms.
Blockchain-based lending platform, OpenTrade, has launched a tokenized U.S. Treasury bill pool, allowing accredited investors and institutions to access yield through tokenized treasuries.
Bitcoin's price remains strong at around $27,000 amid attempts to flip it into a support level, with hopes for a bullish monthly close.
Coinbase CEO Brian Armstrong criticizes JPMorgan Chase's decision to block crypto transactions at its U.K. digital banking subsidiary, calling for government regulation rather than banks de-platforming the industry.
Ethereum's layer-2 ecosystem fragments user and liquidity, creating silos, while the Cosmos ecosystem offers natively interoperable chains through its Inter-Blockchain Communication (IBC) protocol, although Cosmos faces low liquidity and compatibility issues with Ethereum.
Four more people have been arrested in Hong Kong and Macau in connection with the JPEX crypto exchange scandal, bringing the total number of detentions to 18. One suspect was found destroying documents with paper shredders and bleach, and the incident highlights the need for strong crypto licensing laws.
Bitcoin and other cryptocurrencies are rising as traders are optimistic about the potential of a US government shutdown, despite the risk of liquidity drainage.
Gemini, a New York-based cryptocurrency exchange, has announced that it is quitting the Netherlands due to its inability to meet regulatory requirements imposed by the De Nederlandsche Bank (DNB), but plans to return to the market after becoming fully compliant with new regulations.
FTX founder Sam Bankman-Fried's unposted tweets, obtained by CoinDesk, reveal discussions about his mental health and prescribed medication as he faces fraud charges, suggesting an attempt to shape a new image for himself since last December.
Bitcoin prices remained steady above $27,000 as investors anticipated increased demand from a potential ether futures exchange-traded fund (ETF), despite analysts warning of selling pressure due to all-time highs in certain oil markets.
A new bill in the United States aims to require cryptocurrency service providers to report all blockchain transactions to a government repository in order to protect investors from disputes, manipulation, or fraud stemming from off-chain transactions.
Cryptocurrency exchange Coinbase has received regulatory approval in Bermuda to list perpetual futures for users outside of the United States, positioning itself to capture market share from troubled rival Binance.
Video game developer Epic Games is laying off 830 employees, about 16% of its workforce, as it transitions its popular game Fortnite into a metaverse-inspired ecosystem for creators, resulting in lower revenue for the company.
Short sellers of ether (ETH) faced significant liquidations as major financial firms planned to launch ether futures ETFs in the U.S., leading to a 5% price increase and a surge in trading volumes.
Bitcoin Cash (BCH) is showing bullish signs on the daily chart, with the price potentially breaking out if it stays above $200, according to crypto trader DonAlt, who believes the future trajectory of BCH and other altcoins will heavily depend on Bitcoin's performance.
FTX founder Sam "SBF" Bankman-Fried is facing a trial over his role in the collapse of his $32 billion crypto exchange, and if found guilty of all charges, he could face up to 115 years in prison. Legal experts believe that Bankman-Fried's chances of a lenient sentence are slim, as the severity of the crime and his behavior during the judicial process will be heavily considered.
Stablecoin issuer Circle has intervened in the SEC's case against Binance, arguing that stablecoins tied to other assets should not be classified as securities.
The Musée d’Orsay in Paris has partnered with the Tezos Foundation to offer blockchain-backed artworks and digital souvenirs to attract new and younger audiences, starting with an exhibition on Van Gogh's final months.
A massive amount of Bitcoin and Ethereum options contracts are expiring today, with the respective notional values of $3.2 billion and $1.8 billion, potentially impacting the market.
Former FTX CEO Sam Bankman-Fried's criminal trial, which includes seven fraud charges, is expected to last four to five weeks from October 4 to November 9, according to a trial calendar released by the court.
VanEck has released TV commercials for its upcoming Ethereum futures ETF, suggesting that the launch may happen sooner than expected, leading to a marketing war among ETF issuers as approvals for Ethereum futures ETFs and spot Bitcoin ETFs are anticipated.
CoinDesk journalists have won a Gerald Loeb Award for their investigative reporting on the collapse of Sam Bankman-Fried's cryptocurrency empire, including exposing the shaky foundation of his trading firm and documenting his rapid demise.
Bitcoin trader Dave the Wave predicts that the cryptocurrency will not experience a 2019-like fakeout rally in the current market cycle, as the conditions are different this time and there are indicators pointing towards a sustained bull rally in the future.
Meta CEO Mark Zuckerberg and AI researcher Lex Fridman showcased Meta's metaverse technology, including ultra-realistic avatars, during a podcast, demonstrating a sense of presence and intimacy that Fridman described as "incredible"; Meta is betting on the integration of AI into virtual and augmented reality to create a metaverse, with the goal of facilitating immersive social experiences and enhanced communication and connection through photorealistic avatars.
A Chinese worker was fined $144,907 for using a VPN to access restricted websites as part of his remote work routine, Hangzhou is airdropping 10 million digital yuan to incentivize food and beverage spending, 15 individuals have been detained in connection with the collapse of cryptocurrency exchange JPEX, and Hong Kong crypto exchange CoinEx will resume services after a $70 million hack by North Korea's Lazarus Group.
The US Securities and Exchange Commission has further delayed its review of applications for the first Bitcoin exchange-traded fund (ETF) from BlackRock, Invesco, and others, despite having until mid-October to make a decision.
Bitcoin miners are challenging the notion that their selling activity is a reliable indicator of Bitcoin's price, with several publicly listed miners explaining that they sell most of their mined BTC as part of their business strategy to generate cash flow and maximize shareholder value, rather than indicating distress or capitulation.
Cryptocurrencies, led by Bitcoin and Ethereum, experienced a rally as low-risk assets weakened and the SEC showed signs of accelerating the rollout of certain Ethereum exchange-traded funds (ETFs).
The World Federation of Exchanges suggests that crypto-asset trading platforms should embrace regulation to enhance their market appeal, while also proposing six principles for regulating such platforms.
Asset manager Valkyrie has become the first US ETF to offer exposure to both Ether and Bitcoin futures contracts, following approval to convert its bitcoin futures ETF into a two-for-one investment vehicle.
Ripple has abandoned its plans to acquire financial technology firm Fortress Trust due to internal disagreements, but will remain an investor in the company.
Sam Bankman-Fried, an alleged crypto conman facing charges that could result in over a century in prison, was denied temporary release before his trial due to concerns he may flee; his lawyers argued that the massive amount of case paperwork, which is impossible to review in jail, hindered his defense.
U.S. Rep. Don Beyer has proposed legislation that would require crypto exchanges to share data on off-chain transactions with regulated repositories, in an effort to prevent another collapse like FTX and protect investors from fraud and manipulation.
Asset management firm Valkyrie will offer Ether (ETH) futures to US investors through its Bitcoin Strategy exchange-traded fund (ETF), becoming one of the first firms to do so amid pending applications with the SEC, with the fund's name changing to the Valkyrie Bitcoin and Ether Strategy ETF on October 3.
Bitcoin may eventually be replaced as the top digital asset, despite being the best form of money currently available, according to BitGo CEO Mike Belshe.
Crypto analyst Rekt Capital predicts that Bitcoin will form a lower high in the coming weeks, potentially leading to a higher low later in the cycle, while also noting that Chainlink has broken its downtrend.
Former Goldman Sachs and Blackstone employee, Anthony Viggiano, has been charged by the SEC for allegedly passing insider tips to friends, resulting in illegal securities trading and over $400,000 in illicit gains.