Stablecoin issuer Circle argued in a court filing that tokens pegged to a sovereign currency, like the US dollar, are not securities, amid the Securities and Exchange Commission's (SEC) lawsuit against Binance, highlighting the potential implications for stablecoins as a whole.
Distressed debt investors are buying up hundreds of millions of dollars worth of bankrupt crypto exchange FTX's claims, with investment firms such as Silver Point Capital, Diameter Capital Partners, and Attestor Capital purchasing $250 million worth of FTX debts in an unregulated bankruptcy claims market.
Rep. Marjorie Taylor Greene criticized President Joe Biden on social media platform X, referring to him as an "old fart," sparking backlash and accusations of hypocrisy.
Cryptocurrency exchange Coinbase holds almost 1 million Bitcoin, worth over $25 billion, with its largest cold wallet containing around 10,000 BTC.
Coinbase, Crypto.com, and Trek Labs all attempted to acquire FTX's European branch, but Coinbase failed in its attempts to acquire the bankrupt exchange both times.
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.
Pudgy Penguins, known for its NFT collection, has expanded its offerings into an open-world digital player experience and a physical toy line, with toys now available in thousands of Walmart stores, aiming to solve the revenue limitations faced by NFT projects and to generate additional profit through physical sales.
Australia's financial regulator, ASIC, has filed a civil lawsuit against Bit Trade, a subsidiary of crypto exchange Kraken, for allegedly failing to comply with regulations regarding its margin trading product. ASIC claims that Bit Trade did not make a "target market determination" for the product as required by law and argues that the product is a credit facility.
FTX cryptocurrency exchange founder Sam Bankman-Fried has been restricted by a US judge in his ability to call expert witnesses at his criminal fraud trial, with three proposed witnesses deemed irrelevant or potentially confusing to the jury.
The majority of NFT collections, representing 95% of people holding NFTs, are now worthless investments, with only 21% of NFT collections being sold, indicating a shrinking demand and a lack of genuine value in the NFT market. Furthermore, the energy consumed by minting NFTs has resulted in significant carbon emissions, raising concerns about their environmental impact.
New York state's financial regulator, the New York State Department of Financial Services (DFS), has removed most of the digital assets from its "Greenlist" of approved coins for crypto firms to do business with, including Ripple, Dogecoin, Litecoin, and Chainlink. Bitcoin, Ethereum, and several stablecoins remain on the list.
Chainlink and Arbitrum have announced the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One, providing developers with a secure and easy-to-use interface to build applications that can send messages, transfer tokens, and initiate actions across blockchains.
Bitcoin (BTC) price remains stagnant and unaffected by recent macroeconomic events, leading traders to believe that it will continue to trade within a range until proven otherwise.
The token of NFT platform ImmutableX, IMX, experienced a significant surge in price due to substantial volume spikes on South Korean exchanges, although there are concerns that the price could decline once the surge is over.
Coinbase CEO Brian Armstrong believes that the United States should not regulate the development of artificial intelligence (AI) in order to avoid hindering progress and innovation in the same way that regulations have affected the crypto industry.
Mainstream media outlet Rolling Stone has claimed that 95% of nonfungible tokens (NFTs) have no value, according to a study by DappGambl, although some community members believe that the narrative may change in the future.
An anonymous Ethereum developer has created a code that allows artificial intelligence tools to deploy new ERC-20 tokens using OpenAI's ChatGPT API, resulting in the creation of tokens such as AstroPepeX, which has already generated $12.9 million in trading volume and other derivative projects using the script are expected to increase once a user interface is built.
Bitcoin experienced volatility as the Federal Reserve maintained interest rates, with experts predicting no more rate hikes and the potential for Bitcoin to trend upwards.
PayPal is allowing select Venmo users to buy its stablecoin, PYUSD, with the option becoming available to all users in the coming weeks, allowing them to send stablecoins to each other at no cost.
Joseph Bankman, father of troubled crypto entrepreneur Sam Bankman-Fried, is alleged to have had an advisory role at a top Democratic dark money network, raising questions about his potential involvement in conspiracy, banking, and election law crimes.
Sam Bankman-Fried's parents, Joseph Bankman and Barbara Fried, are now facing accusations of misappropriating millions in company assets and playing a key role in the alleged wrongdoings at the collapsed cryptocurrency empire, FTX.
The ongoing legal battle between Binance and the SEC has taken a surprising turn as the SEC's request for access to Binance.US's systems was rejected, resulting in a temporary surge in Bitcoin price and a potential window of three weeks for Bitcoin bulls.
The trial of Sam Bankman-Fried, founder of FTX and Alameda Research, could have significant consequences for the entire crypto industry depending on the evidence presented, potentially further damaging its already tarnished reputation. Bankman-Fried is facing multiple criminal charges, including wire fraud and conspiracy, and the trial may expose fraudulent practices within the industry along with exposing the involvement of others. The trial may also reveal damaging information about Bankman-Fried's conduct and intentions, potentially causing collateral damage for individuals and companies associated with him.
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The US Securities and Exchange Commission (SEC) has further delayed the approval of Bitcoin spot ETF applications, setting January 10, 2024, as the final deadline for the Ark/21Shares ETF application, potentially dampening hopes for a spot ETF to be approved by the end of the year.
Epic Games, the creator of Fortnite, is laying off approximately 16% of its staff due to financial difficulties caused by overspending and a decrease in income from its creator content revenue-sharing model.
Bitcoin (BTC) remains stable above $26,000 as traders monitor resistance levels, while analysts suggest that Bitcoin is entering a period of positive seasonality, with October historically being a lucrative month for BTC hodlers.
Senator Bob Menendez is facing federal bribery charges for allegedly accepting bribes and using his position for personal and political gain.
Hui Ka Yan, the chairman of bankrupt property developer Evergrande, has been arrested and placed under police surveillance following the company's financial crisis.
Crypto exchange Coinbase has received approval from the Bermuda Monetary Authority to offer perpetual futures contracts to non-U.S. retail customers, a move that aligns with its strategy to collaborate with regulatory authorities and shape the global legal framework for cryptocurrencies.
Bankrupt crypto exchange FTX has filed a lawsuit against former employees who allegedly exploited their connections to prioritize their asset withdrawals before the exchange's bankruptcy filing, with the total value of the suspect transfers estimated at $157.3 million.
Binance and its CEO, Changpeng Zhao, have filed a motion to dismiss the lawsuit brought against them by the SEC, arguing that the agency exceeded its authority and failed to provide clear guidelines for the cryptocurrency sector.
U.S. Senator Robert Menendez, a Bitcoin skeptic, has been charged with bribery after allegedly accepting gold, cash, and mortgage payments from three businessmen and using his power and influence to benefit them, contradicting his previous criticism of cryptocurrencies.
Google Cloud's BigQuery program, which provides access to historical blockchain data, has added 11 new networks, including Polygon, Optimism, and Polkadot, expanding its push into the blockchain space and catering to the growing demand for a more comprehensive view across the crypto landscape.
Valkyrie Investments has become the first asset manager to win approval from the Securities and Exchange Commission to offer an exchange-traded fund (ETF) featuring Ethereum futures, paving the way for retail investors to bet on the future price of the cryptocurrency.
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.
Terraform Labs co-founder, Do Kwon, has requested a federal court to reject the SEC's request to question him in the US, citing his detainment in Montenegro and the inconsistency with his right to due process.
The $3 billion Bitcoin options expiration on September 29 may determine the fate of the $26,000 support level, as trading volumes remain low, traditional financial institutions are cautious, and the Dollar Strength Index reaches a 10-month high, all potentially leading to increased market volatility and a potential breach of the support level.
