The United States Securities and Exchange Commission (SEC) has objected to Celsius Network's reorganization plan, citing its ongoing lawsuit with Coinbase and concerns about the terms of a proposed deal between Celsius and Coinbase.
Cryptocurrency funds are expected to grow from $50 billion to $650 billion in the next five years, according to analysts.
Bitcoin is showing the three main requirements for another major rally to new all-time highs, according to a crypto analyst, including a break above the 20M moving average, bullish crossovers in the monthly MACD and vortex indicators, and a global liquidity proxy that follows a 3.5-year cycle.
Reddit has introduced a new contributor program that allows eligible users to convert their Reddit gold and karma into fiat currency, with payment disbursed monthly based on a user's upvotes and karma count.
Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol, is facing controversy after suffering a $200 million hack, with plans to reimburse users up to 50% of their stolen assets.
OpenAI has introduced GPT-4V and multimodal conversational modes for its ChatGPT system, enabling users to engage in voice conversations and include images, creating new interactive possibilities with the chatbot.
Sam Bankman-Fried, founder of the crypto exchange platform FTX, is facing legal trouble and a class-action lawsuit after the collapse of the company, leaving investors questioning the nature of cryptocurrency and the distinction between functional and dysfunctional financial systems.
Hong Kong-based crypto company Mixin announced that hackers breached its cloud service provider and stole approximately $200 million, leading to the temporary suspension of deposit and withdrawal services while the vulnerabilities are fixed. The company has engaged the help of Google and SlowMist to investigate the incident. The hack on Mixin is the largest theft in the crypto world this year, surpassing the previous record set by Euler, a crypto lending platform.
Bitcoin's weakness suggests that bears are still in control, but bulls are likely to defend the $26,000 level and aim for a positive monthly close, while macroeconomic factors and the strength of the US dollar pose risks to the cryptocurrency recovery.
Crypto exchange Coinbase has registered with the central bank of Spain, making it mandatory for the company to comply with anti-money laundering standards and paving the way for implementation of the European Union's MiCA regulation in 2024.
Bitcoin failed to break through local resistance and may be forming a bearish head-and-shoulders pattern, with analysts suggesting a potential drop to the $22,000-$20,000 range; meanwhile, the surge of the US dollar could pose a further challenge to Bitcoin and other cryptocurrencies.
JPMorgan Chase analysts have found that Ethereum's Shanghai update, which made important changes to the network, has been lackluster as daily transactions, daily active addresses, and total value locked on the network have all decreased since the upgrade. The analysts hope that the upcoming EIP-4844 upgrade will help improve activity on Ethereum.
Huobi's rebranded platform HTX has suffered a hack resulting in a loss of $8 million, but all funds are secure and trading operations have resumed, with the company offering the hacker a $400,000 bug bounty and a role as a security advisor.
The European Central Bank's President, Christine Lagarde, stated that a digital euro is at least two years away and emphasized the need to address privacy concerns before moving forward with the project.
Solana-based application Friendzy has generated $920,000 in cumulative volumes since its launch on September 19, with expectations of surpassing $1 million by the end of the day, as it offers additional features and a smoother price curve compared to its competitor Friend.tech.
Former Goldman Sachs executive Raoul Pal believes that the next wave of global liquidity will lead to a surge in the crypto space, as he sees a multitude of smart people working on various innovative projects within the industry. Pal suggests that once liquidity returns, the entire space will thrive again.
DeFi has become centralized, with stablecoins and real-world assets dominating the market, but crypto staking yields can bring decentralization back to the space by offering a viable alternative.
The departure of Binance.US CEO Brian Shroder, along with layoffs and a significant outflow of funds, highlights the ongoing issues of influence and trust in the cryptocurrency industry. Trust and regulation are key factors that crypto platforms need to address to gain the same level of trust as traditional banks.
Bitcoin and other cryptocurrencies experienced a decline, approaching significant price levels, in response to a broader downturn in assets sensitive to risk and the anticipation of various macroeconomic factors impacting cryptocurrencies in the near future.
Investors are showing more confidence in XRP and Solana, as altcoins see inflows while Bitcoin and Ether experience outflows, according to a CoinShares crypto market flow report.
Software developer MicroStrategy has purchased nearly $150 million worth of bitcoin between August and September, bringing its total holdings to approximately 158,245 BTC.
BlackRock's approval of its highly anticipated ETF could lead to a 663.873% increase in Bitcoin's value, according to an analyst who presents six compelling reasons to support this claim.
Analyst Rekt Capital predicts that Bitcoin could experience a post-halving bull run lasting 18 months, potentially topping out in September or October 2025, based on historical data from previous halving events. However, he also warns of a potential collapse in the months leading up to the halving, with BTC potentially revisiting a price point of around $20,300 in mid-February 2024.
Amazon has made a strategic investment of up to $4 billion in AI company Anthropic, positioning itself as a competitor against Microsoft, Meta, Google, and Nvidia in the AI field, while also gaining access to Anthropic's AI models and Amazon Web Services' computational power.
Sen. Kirsten Gillibrand is rallying fellow Democrats in Congress, particularly those on the Senate Banking Committee, to prioritize crypto regulation and believes that bipartisan support can be achieved through conversation and socialization of ideas in her digital assets bill co-authored with Sen. Cynthia Lummis; however, progress in the Senate remains uncertain due to crypto skepticism among some lawmakers and the current funding stalemate that may result in a government shutdown.
Cardano's price has experienced a significant drop, but the increase in developer activity on the Cardano network suggests efforts to regain market share and potentially push the ADA price above its current downtrend.
Arbitrum has transferred 69.4 million unclaimed ARB tokens, worth around $56 million, to its decentralized autonomous organization (DAO) after users were no longer able to claim them.
Tether has reportedly changed its terms of service, prohibiting certain customer bases, including Cake DeFi, from redeeming its stablecoin USDT in Singapore.
Bitcoin and other cryptocurrencies are experiencing a drop in value as they approach key price levels, while also facing potential macroeconomic catalysts in the near future.
Staking, the process of earning rewards by holding and validating cryptocurrency, is becoming increasingly popular, but investors should prioritize safety, understanding of the underlying asset, and embrace the boredom that comes with steady, long-term yield.
Since the implementation of the Ethereum Merge, the blockchain's energy consumption has fallen by 99.9%, stake distribution raises concerns about centralization, MEV has become a controversial issue, liquid staking tokens have gained traction, and the net supply of ETH has decreased, but it's uncertain whether deflation has impacted its value.
As many as 95 percent of non-fungible tokens (NFTs) created during the cryptocurrency bull run are now worthless, according to a report, highlighting the decline in NFT valuation as the cryptocurrency craze subsided.
The SEC's delay in approving a Bitcoin ETF is causing bearish pressure on the Bitcoin market, but traders can mitigate risks and take advantage of downturns by using TradeSanta's automated trading tools.
117,000 BTC options contracts and 1.1 million ETH options contracts are set to expire on Deribit, with max pain levels at $26,500 and $1,650 respectively, as traders expect stable prices leading up to the event.
Mixin Network, a project that offers a wallet for cross-chain asset transfers and a decentralized exchange, experienced a hack resulting in a potential loss of up to $200 million, prompting the temporary suspension of deposit and withdrawal services.
Many altcoins are likely to experience a collapse without a recovery this year, leading to an "altcoin reckoning," according to crypto analyst Benjamin Cowen, who predicts a potential depression phase for the altcoin market before a renaissance once the Federal Reserve changes its monetary policies.
Terra Classic has voted to stop minting the disgraced token terraUSD (USTC) in an effort to protect users and outside investors and achieve repeg, as the token's value has dropped 99% since Terra's collapse.
Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists, with analysts offering mixed predictions for the future of BTC price.
Mixin Network has suspended deposits and withdrawals following a hack that led to the loss of approximately $200 million worth of crypto assets, and the network will restart services once vulnerabilities are addressed and fixed. A blockchain investigator and Google have been appointed to assist with the investigation.
Ethereum co-founder Vitalik Buterin's wallet has been flagged for multiple transactions totaling over $3.9 million, including a recent transfer of 400 ETH worth $632,000 to Coinbase.
Bitcoin (BTC) prices are expected to remain bearish in the short term, but analysts anticipate a significant price increase after the 2024 halving event due to past performance and long-term valuation metrics.
Bitcoin and the S&P 500 are likely to end the third quarter lower due to the strong case for owning bonds over stocks, with government bonds offering a higher return, making them more attractive than risk assets like cryptocurrencies.
Hong Kong's Securities and Futures Commission will publish a list of crypto exchange license applicants following the JPEX probe, emphasizing the need for proper regulation to maintain market confidence and protect investors.
Chainlink has faced criticism over concerns of centralization after reducing the number of signatures required on its multi-signature wallet, but the company claims it was part of a standard signers rotation process.
The Arbitrum Foundation has transferred $69 million in unclaimed ARB tokens, representing 0.69% of the total supply, to the network's treasury after the claim period ended, resulting in the treasury holding nearly $3 billion worth of ARB tokens.
Coinbase is looking to diversify its revenues, but for now, it remains heavily reliant on Bitcoin trading.
The Hong Kong Securities and Futures Commission plans to release a public list of suspicious cryptocurrency trading platforms following the JPEX scandal, in an effort to combat unregulated platforms and maintain market confidence.
The North Korean hacking collective Lazarus Group holds around $47 million in cryptocurrency, mostly in Bitcoin, according to new data, although this amount has decreased from $86 million in September. The group's wallets do not currently hold any privacy coins, and their recent activity suggests their holdings may be higher than reported.
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, is set to go on trial for fraud charges, leaving investors like Sunil Kavuri, who lost $2.1 million, hoping for justice and a chance to recover their funds.
Ethereum co-founder Vitalik Buterin has been transferring Ethereum to centralized exchanges, signaling potential sales preparations, as the price, on-chain activity, and sentiment for Ethereum have been decreasing, with analysts predicting further downsides for the cryptocurrency.