Chainlink (LINK) may be on the verge of reversing its multi-year downtrend and sustaining bullish momentum, as it moves above a key long-term indicator, according to crypto strategist Kevin Svenson. However, Svenson also suggests that LINK may need more time before entering bull territory and breaking out above its macro resistance.
Bitcoin mining firm Marathon Digital mined an invalid block during an experiment, which they quickly corrected, with the bug originating from their internal development environment and not affecting Bitcoin production or Bitcoin Core.
Minecraft's Bitcoin-friendly server, Satlantis, has been asked by Mojang to remove its play-to-earn features, disappointing the server's community, but the team is exploring alternative platforms; Co-founder of blockchain-based gaming hub Ultra Arena, Nicolas Gilot, believes that blockchain can improve the profitability of eSports by involving more stakeholders and streamlining processes; The recently launched Apple iPhone 15 Pro offers enhanced gaming capabilities, including native support for demanding game titles and hardware-accelerated ray tracing; Formula is returning to the Web3 gaming space with Formula E: High Voltage, a new game focusing on the Formula E motorsport championship; Trading card game Gods Unchained has introduced a new permanent game mode called Sealed Mode, where players build decks from a randomized pool of cards to compete against each other.
Kraken, the cryptocurrency exchange, plans to offer trading in U.S.-listed stocks and ETFs in 2024, expanding beyond its usual crypto offerings.
SEC Chair Gary Gensler stated that a Pokémon card is not considered a security, but did not provide a definitive answer on whether a tokenized Pokémon card could be classified as a security under US law. This discussion took place during a US House Committee on Financial Services meeting, where Gensler was questioned by Representative Ritchie Torres. Torres argued that tokenizing a Pokémon card does not automatically make it a security and criticized Gensler's approach to crypto regulation. However, on platforms like Courtyard, Pokémon cards can be tokenized as NFTs, allowing collectors to retain a digital version while the physical card remains vaulted and insured. Tokenized Pokémon cards also enable collectors to earn royalties and store their collections digitally as proof of ownership. The SEC continues to grapple with providing regulatory clarity for blockchain assets and has relied on the Howey Test to determine if an asset is a security.
The United States Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck, extending the deadline to December 25 and December 26 respectively, while the New York Stock Exchange Arca and Cboe BZX Exchange also filed proposed rule changes for various crypto ETFs on September 27.
OpenAI's ChatGPT can now browse the web to provide up-to-date information and direct links to sources, available initially for Plus and Enterprise subscribers, with broader availability coming soon.
SEC Chair Gary Gensler criticized the practices of crypto companies and their handling of customer assets in his congressional testimony, while remaining silent on the SEC's plans for spot bitcoin ETFs after a recent legal setback. Gensler also noted that the agency has not yet decided how to proceed with a judge's ruling regarding bitcoin ETF applications. Additionally, Gensler mentioned that the SEC is preparing for a potential government shutdown, which would significantly slow down reviews and approvals of filings.
The recent passing of the SAFE Banking Act by the U.S. Senate Banking Committee at the Benzinga Cannabis Capital Conference in Chicago marks a significant step forward for the cannabis industry's ability to use banking and financial systems, with former representative Ed Perlmutter highlighting the bipartisan effort behind the legislation, the role of grassroots engagement, and a surprising twist involving cryptocurrency during the bill's deliberations.
Gemini co-founders Cameron and Tyler Winklevoss secretly withdrew over $280 million from the crypto company's bank shortly before its collapse, leaving customers unable to access their deposits, raising questions about what they knew and potentially undermining their claims in a pending lawsuit against Digital Currency Group owner Barry Silbert.
Bitcoin mining firm Marathon Digital mined an invalid block, causing them to miss out on newly minted BTC; the error was attributed to an unanticipated bug resulting from one of their experiments, but was promptly corrected.
SEC Chairman Gary Gensler faced criticism during a House Financial Services Committee hearing regarding the SEC's policies and actions, including the issuance of Staff Accounting Bulletin (SAB) 121 on accounting and disclosure of crypto assets, without consulting prudential regulators or the Financial Accounting Standards Board (FASB). The bulletin, which requires disclosure of risks associated with digital asset custody, has faced opposition and accusations of being "regulation disguised as staff guidance." Issues such as the approval of spot Bitcoin exchange-traded funds and the SEC's stance on Grayscale's Bitcoin ETF application were also discussed.
The Securities and Exchange Commission is still considering Bitcoin exchange-traded funds, but a potential government shutdown could cause delays.
Crypto analytics firm Santiment reports that the prices of eight altcoins are poised to rise, as the supplies of their native tokens on exchanges decrease and transactions by whales increase, while Bitcoin's social dominance has fallen to a three-month low.
The Federal Reserve's decision to maintain high interest rates has caused concern in the financial markets, with the S&P 500 and Bitcoin potentially underperforming; however, there appears to be a decoupling between the S&P 500 and Bitcoin, which could be attributed to factors such as regulatory concerns and the anticipation of a spot Bitcoin ETF introduction. This decoupling may favor Bitcoin.
OpenAI's ChatGPT generative AI tool is reintroducing web search capabilities in partnership with Microsoft's Bing search engine, allowing users to access current and authoritative information, but the feature is currently limited to paying customers.
The native token of crypto club Jade Protocol has experienced a surge in value as a member proposed liquidating the organization's treasury and providing cash redemptions to token-holders due to regulatory concerns and a decline in trading volume.
U.S. crypto exchange Kraken is planning to offer stocks and ETFs for trading, potentially becoming the first crypto exchange to explore options outside of crypto assets. The exchange is aiming to launch this service by 2024.
IBM Quantum, Microsoft, MITRE, PQShield, Google's SandboxAQ, and the University of Waterloo have joined forces to tackle the threat of post-quantum cryptography and develop secure encryption standards to protect key industries such as government, banking, and telecommunications from potential attacks by future quantum computers.
FTX founder Sam Bankman-Fried has been granted permission to use an "air-gapped" laptop for note-taking during his trial, with the machine having no internet access and being controlled by a paralegal, while the judge also approved the defendant's request to wear a suit in court.
Microsoft's next-generation Xbox console ecosystem may include a crypto wallet feature, according to leaked internal documents, offering users various ways to spend money including in-game economies and a potential integration with existing crypto wallets.
Bitcoin's rally towards $27,000 was halted by a drop in the U.S. stock market and rising interest rates, with 10-year Treasury yields surging to a 16-year high and oil prices reaching a new high, leading to concerns of stagflation and prompting CFOs to cut capital spending and operational costs.
A new protocol developed by Lumerin allows users to mine Bitcoin without expensive ASIC machines by turning Bitcoin hash power into a tradeable asset on a peer-to-peer marketplace using smart contracts.
The Loom Network (LOOM) has experienced a 242% rally this month and has been listed on the leading crypto exchange platform, Gate.io.
Texas accounts for over 28% of all Bitcoin hashing power in the United States, making it the leading state for Bitcoin mining, followed by Georgia, New York, and New Hampshire.
Terraform Labs founder Do Kwon is opposing the SEC's request to question him in the U.S. related to the crash of his stablecoins Terra and Luna, stating that it is impossible due to his indefinite detention in Montenegro and that his written testimony would violate his due process rights under U.S. law.
Former cryptocurrency billionaire Sam Bankman-Fried, who is currently jailed, has been ordered by a US District Judge to be provided with business attire, including suits, shirts, and shoes, for his upcoming fraud trial.
Google's cloud-computing division is expanding its presence in the blockchain space, adding networks like Polygon and Polkadot to its BigQuery program, signaling big tech's interest in the technology while Ethereum's network activity has been disappointing, and JPMorgan analysts report a decrease in daily transactions and active addresses.
Bitcoin managed to hold above the $26,000 level despite a drop in the S&P 500 and a rise in the US dollar, indicating a lack of aggressive selling, while low liquidity could lead to volatile price movements and traders are advised to wait for confirmations.
The Lazarus Group, a North Korean hacker collective, holds tens of millions of dollars worth of Bitcoin and other digital assets, based on on-chain data, with their top holdings being 1,600 Bitcoin, 1,200 Ethereum, and 5,000 Binance Coin.
The U.S. Securities and Exchange Commission has delayed its ruling on the ARK 21Shares Bitcoin ETF application until January 2024, indicating that the first spot Bitcoin ETF is unlikely to launch before that time.
Binance, the world's largest cryptocurrency exchange, is facing major staffing struggles and regulatory issues, with some calling for CEO Changpeng Zhao to step down. The company has experienced turbulence in the past, but its current challenges may indicate a dire situation.
Barbara Fried, the mother of alleged crypto crook Sam Bankman-Fried, accuses the feds and FTX debtors of being "McCarthyites" in response to lawsuits against her and her husband for fraudulently transferred funds.
Staking Ethereum provides a valuable service to the network and offers compounding returns, but regulatory confusion and the SEC's comparison of staking to lending have led to a lack of transparency and fear among investors, causing many to avoid staking their ETH and potentially hindering the security and decentralization of the Ethereum network.
Bitcoin financial services company Swan has hired former NBA champion Matthew "Delly" Dellavedova as its vice president of business development, aiming to bridge the gap between crypto and sports by leveraging Dellavedova's successful sporting career to promote Bitcoin adoption among Australian super funds, college athletes, and money managers.
The approval of a spot bitcoin ETF by the SEC could lead to the approval of a spot ether ETF as well, presenting a potentially greater opportunity for Grayscale's Ethereum Trust due to its larger discount and Ethereum's better upside as a leading platform for Web3 development.
Ethereum's transition to proof-of-stake introduced a native interest rate, and the adoption of a standardized staking rate could unlock new financial instruments, total return products, risk management tools, derivatives markets, and valuations, driving global adoption of crypto.
Jordan Belfort, the real-life inspiration behind "The Wolf of Wall Street," reflects on the accuracy of the movie, shares his thoughts on cryptocurrency, discusses the rise of retail investors, and introduces his new book on investing.
EigenLayer, a blockchain protocol developed by Sreeram Kannan's company EigenLabs, is pioneering restaking, a trend in the Ethereum ecosystem that repurposes ETH tokens staked on the Ethereum blockchain to provide security for other applications, with Kannan addressing the concerns raised by Ethereum co-founder Vitalik Buterin about the risks involved.
The Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, allowing legal cannabis businesses to access banks and financial institutions, with the bill now moving to a full Senate floor vote.
Tron founder Justin Sun is offering a 5% reward to hackers who stole $8 million worth of Ethereum from his exchange HTX if they decide to return the funds, and if not, he plans to pass along information about the exploit to law enforcement.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the ARK 21Shares Bitcoin ETF, pushing the deadline to January 10, 2024, despite congressional support for the approval of spot bitcoin ETFs and concerns about hindering the crypto market's momentum.
The International Cricket Council is partnering with Near Foundation to develop a blockchain-powered Web3 fan engagement app for the 2023 Cricket World Cup in India, aiming to enhance fan experiences and reach millions of fans globally.
Bitcoin price surged above $26,800 as bulls targeted $27,000, with analysts predicting a potential rally to $30,000 in October.
English actor Idris Elba, known for his roles in Luther and Beasts of No Nation, is promoting the idea of financial inclusion promised by the blockchain technology Stellar, instead of promoting tokens or investment schemes like other celebrities in the crypto industry. In an interview, Elba speculated how his character Stringer Bell from The Wire, a gangster who aspired to run his operation like a corporation, might have reacted to Bitcoin if he were alive today.
Crypto mining stocks such as Marathon Digital Holdings, Riot Blockchain, and CleanSpark are experiencing a rise as the price of Bitcoin gets a boost from optimism surrounding a potential spot ETF, with members of the House Financial Services Committee calling for its approval.
Bitcoin and other cryptocurrencies remained stable or slightly increased in value despite market turbulence, raising questions about the stability of Bitcoin.
Coinbase CEO Brian Armstrong criticizes JPMorgan's Chase UK for banning crypto-related transactions and urges UK officials to investigate, while the exchange continues its expansion in the UK amid legal issues in the US.
Bitcoin rose 2% to $26,750 during early U.S. trading hours, defying the strong dollar and driven by spot market buyers and a short squeeze, accompanied by an increase in net capital inflows in the spot market.
Curve founder Michael Egorov has used 68 million CRV tokens to repay his debt on Aave, avoiding liquidation of his collateral.