Coinbase attempted to acquire FTX Europe twice but has decided not to go forward with the deal, as it aimed to expand its derivatives business overseas.
The possibility of a government shutdown in the U.S. could have negative implications for the crypto industry's regulatory progress and projects, similar to the effects seen in the previous shutdown in 2018 and 2019, with delays in approvals and a withdrawal of a bitcoin ETF application.
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.
Chase Bank in the UK will prohibit crypto transactions starting October 16 due to an increase in fraud and scams related to crypto assets.
Crypto influencer Ben Armstrong was reportedly arrested while livestreaming outside his former business partner's house, alleging that his Lamborghini had been stolen, just weeks after being booted from the Bitboy Crypto brand and a failed bid to reclaim its namesake.
Bankrupt crypto exchange FTX is suing former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million that was allegedly fraudulently withdrawn before the exchange's bankruptcy filing.
Binance and Changpeng Zhao are seeking to dismiss the SEC lawsuit against them, stating that the regulator has not proven securities-related violations and is overreaching its authority in the crypto industry.
Bitcoin and other cryptocurrencies are experiencing a decline in prices due to a strengthening dollar and risk-aversion, but there is hope for a rebound.
Most NFTs are now worthless, with a study finding that 95% of NFT collections have a market cap of 0 Ether (ETH), highlighting the high-risk nature of the market.
Investors are rushing to buy FTX debts in the bankruptcy claims market, with major credit investors purchasing over $250 million worth of FTX debts, betting on the potential value that could be unlocked once the bankruptcy process is resolved.
Google's BigQuery has added 11 new blockchain networks to its data warehouse, allowing users to access and analyze data from these networks, while also introducing new features to improve blockchain querying capabilities.
Cryptocurrency mining hardware maker Bitmain has agreed to supply 27,000 Bitcoin mining rigs to bankrupt crypto mining firm Core Scientific in a deal worth $23 million in cash and $53.9 million in common stock, as well as a new hosting arrangement for Bitmain's mining operations.
Gemini, a cryptocurrency exchange, refutes allegations that its co-founders secretly withdrew millions of dollars from the crypto bank Genesis, stating that the $282 million pulled was actually diverted to a liquidity reserve for the benefit of its customers, while accusing DCG and Genesis' CEO of planting the story in the New York Post.
Bitcoin (BTC) reached new weekly highs as markets anticipated news from the US Federal Reserve, with BTC reacting positively to US macroeconomic data and approaching the $27,000 mark, while traders remained cautious about potential volatility and resistance levels.
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.
Kraken, the cryptocurrency exchange, plans to offer trading in U.S.-listed stocks and ETFs in 2024, expanding beyond its usual crypto offerings.
The launch of Ethereum futures ETFs in the U.S. may be expedited due to the possibility of a government shutdown, with analysts suggesting that trading could begin as early as next week.
Coinbase and a group of crypto entrepreneurs visited Washington, D.C. to persuade lawmakers to establish clear regulations for the cryptocurrency industry.
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.
Bit Trade, the provider of Kraken crypto exchange in Australia, is facing civil proceedings from the Australian Securities and Investments Commission (ASIC) for allegedly failing to comply with design and distribution obligations for its margin trading product, resulting in losses of approximately $8.35 million for Australian customers since October 2021.
Non-fungible token (NFT) collection Pudgy Penguins is expanding into the real world by debuting its Pudgy Toys collection in 2,000 Walmart stores in the U.S., bridging the gap between physical and digital play and aiming to build a stronger brand.
IMX, the native token of non-fungible tokens platform ImmutableX, surged led by South Korean traders, rising 35% to 74 cents during Asian trading hours and accompanied by a 22% increase in global trading volume.
Stablecoin issuer Circle has partnered with the Stellar Development Foundation to launch its EURC fiat-backed stablecoin on the Stellar network, aiming to enhance financial inclusion and provide mobile-first, low-cost payment solutions, especially for individuals without traditional banking services. The collaboration will also support humanitarian aid distribution.
Texas has become the leading state for Bitcoin mining in the United States, hosting 28.5% of the nation's hash rate, thanks to government incentives and favorable conditions.
BlockFi's liquidation plan has been approved by a US bankruptcy court, bringing the crypto lending platform one step closer to repaying its 100,000-plus creditors.
Payment processing giant MoneyGram is set to launch its own noncustodial crypto wallet on the Stellar network, allowing users to convert digital assets to fiat and strengthen the company's focus on cross-border remittance and payment settlements.
Chase UK, the British challenger bank brand of JPMorgan, has prohibited customers from purchasing cryptocurrency starting October 16, citing the increasing use of crypto assets by fraudsters to steal money from people.
Bitcoin and other cryptocurrencies are seeing a slight increase, but they are still facing pressure due to rising bond yields and uncertainty over interest rates and Federal Reserve policy.
The Shanghai No.2 Intermediate People's Court in China has recognized Bitcoin as a unique and non-replicable digital asset with scarcity and inherent value, giving it more legitimacy despite the country's blanket ban on cryptocurrencies.
Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform
Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses, with eleven people, including popular influencers, being arrested in what could be one of Hong Kong's biggest fraud cases as the city positions itself as a global hub for virtual assets.
Crypto asset manager CoinShares plans to establish a hedge fund unit for qualified US investors in order to provide institutional investors with actively managed exposure to digital assets outside of Europe due to the changing macro environment marked by interest rates and inflation.
Crypto exchange Bybit has announced that it will suspend its operations in the UK next month in response to regulatory changes, following in the footsteps of other crypto firms such as PayPal and Luno.
Foundry's Kevin Zhang, a veteran bitcoin miner, believes that the upcoming halving event in 2024, which will cut the mining reward in half, will be a significant test for miners, but remains confident that with proper strategies, the industry will survive and bounce back stronger. Texas has emerged as the crypto capital of the United States, attracting miners due to its abundant clean energy and supportive regulatory environment.
Major cryptocurrencies experienced a decline in value after Binance, Binance.US, and Changpeng Zhao filed a motion to dismiss the SEC lawsuit against them, arguing insufficient evidence and lack of legislative direction.
Unity has revised its controversial Unity Runtime Fee policies after backlash from game developers, with the fees now waived for Unity Personal users and only applicable to Unity Pro and Unity Enterprise developers who install the 2024 long term support version.
The price of Cardano (ADA) has shown a bullish pattern against the dollar, with a potential 25% increase, but remains bearish against Bitcoin (BTC) with an expected 23% drop.
Bitcoin (BTC) could experience a market correction and drop to $20,000 this year, according to a crypto analyst, who points to historical patterns, the presence of a trading gap, and a dip below the 50-week exponential moving average as indicators of a potential decline.
Despite facing a series of setbacks, Sam Bankman-Fried, the founder of FTX, will remain in custody as his trial commences, with the judge granting the Department of Justice's motion to bar all of the defense's proposed expert witnesses, although the defense still has the chance to call four witnesses if they provide better disclosures.
