Blockchain Weekly Issue - Week Ending 2023-10-07
crypto
Solana's Total Value Locked Hits New High for 2023
The rising popularity of Solana has boosted its DeFi ecosystem, resulting in significant growth. However, there is a possibility that this trend may be subject to change soon.
Michael Lewis Claims FTX Was a ‘Great Real Business’
Author Michael Lewis defended FTX, stating that it was not a Ponzi scheme, although this viewpoint was strongly contested on Crypto Twitter.
Massive Redistribution: Sui Foundation Retrieves 117 Million SUI Tokens From Market Makers
The Sui Foundation is reclaiming 117 million SUI tokens worth $51.3 million from external market makers to support the growth of its decentralized finance (DeFi) ecosystem. These tokens will be redirected into various channels, including offering grants to developers and supporting Sui's state-of-the-art DeepBook CLOB, automated market makers, and liquid staking and lending protocols.
There's a Lot of Thefts Happening
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Tom Hanks and Zelda Williams Warn Fans of AI-Generated Deepfakes
A deepfake video depicts Tom Hanks promoting a dental plan, but Hanks denies any involvement in the video, asserting that it is not him.
XRP Rallies Amid Singapore License Approval, SEC Appeals Rejection
The Ripple native token has experienced significant daily gains due to positive news for the fintech company.
This Week on Crypto Twitter: Binance’s CZ and the SEC’s Gary Gensler Face Stiff Criticism
Justin Sun extended a job offer and a payment of $400,000 to the hacker responsible for stealing $8 million from HTX.
FTX's Bankman-Fried Cannot Blame Lawyers in Opening Statement: Judge
The federal judge presiding over Sam Bankman-Fried's case ruled that he cannot blame FTX's lawyers for the collapse or operations of the company in his opening statements. However, he may be able to use an "advice-of-counsel" defense at a later stage.
Protocol Village: Space and Time's 'Proof of SQL' Verifier to Run Natively on Chainlink
This summary provides the latest updates and developments in blockchain technology, including funding announcements, deals, and upgrades. It covers the week of Oct. 2-8 and offers real-time updates.
Meta Says Its AI Training Used Public Social Media Posts—Mostly
The social media giant collected a large amount of publicly available content from both Facebook and Instagram, including posts from the majority of users.
FTX 'Hacker' Moved 15K ETH This Weekend
Over $26 million worth of ether (ETH), equivalent to over 15,000 ETH, was transferred out of a wallet linked to the FTX attack that occurred the previous year.
AI Raves in the Metaverse Are a Thing—Here's What It's Like Inside
Renowned DJ Carl Cox will introduce his own metaverse rave in a unique lava-filled venue, featuring mesmerizing AI dancers, creating a one-of-a-kind experience for attendees.
FTX's Former Auditor Prager Metis Sued by SEC
The regulator claimed in a court document that the company had breached auditor independence rules by agreeing to agreements with clients.
Ripple v. SEC case update as of October 2, 2023
The cryptocurrency community of Ripple is planning to celebrate the outcome of the SEC versus Ripple courtroom battle, while the official conclusion is still pending. The celebration is a reflection of the anticipation surrounding the case's resolution.
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
A report from the Federal Reserve's Office of Inspector General revealed that Silvergate Bank successfully transitioned from a local lender to a crypto bank without detection from federal examiners, allowing them to engage in risky ventures that could ultimately be fatal for the bank.
Blockchain Analytics Firm Chainalysis Cuts 15% of Staff
The analytics firm is undergoing its second round of layoffs in less than a year, indicating ongoing challenges and restructuring within the company.
Congress Can't Let Gary Gensler Regulate Digital Assets Out of Existence
Tim Ryan and David McIntosh, co-chairs of the Blockchain Innovation Project, are urging for support of an amendment proposed by House Majority Whip Tom Emmer which aims to restrict the SEC's control over the industry.
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, is experiencing rapid growth but also encountering security risks from phishing attacks. To enhance security, CoolWallet has initiated the Web3 Guardian competition to promote its Web3 SmartScan feature, which identifies and addresses malicious transaction behavior.
Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
Both Bitcoin and ether experienced significant drops in value, with Bitcoin falling below $28,000 and ether below $1670.
Crypto Analyst Predicts XRP Price To Hit $0.66 This Week
Renowned crypto analyst "Dark Defender" predicts that the XRP price may reach $0.66 this week, based on the cryptocurrency's recent price dynamics and technical indicators. Dark Defender also suggests that if XRP breaks the $0.55 threshold, it could gain significant momentum and potentially reach even higher price targets, such as $1.33 and possibly a new all-time high.
Your Kids Are Going to Work Three Days a Week Thanks to AI, Says Jamie Dimon
JP Morgan's CEO, Jamie Dimon, suggests that artificial intelligence has the potential to either serve as a virtual assistant or replace human workers entirely.
Crypto recession alert: Mike McGlone signals troubles ahead
Mike McGlone, Commodity Strategist at Bloomberg, pointed out the concerning trend in the cryptocurrency market, despite Bitcoin's price exceeding $28,000. He highlighted the ongoing issues with cryptocurrencies.
Bitcoin Is Coming to Cosmos With New Nomics Bridge
The Nomic blockchain is being upgraded to allow for the creation of Bitcoin-based tokens in the Cosmos ecosystem. This update will expand the functionality of the Nomic blockchain by enabling the issuance of tokens backed by Bitcoin within the Cosmos network.
How the actor model could enable better blockchain gaming apps
Developments in computing are being explored to address the quality challenges faced by blockchain gaming. One potential solution is the use of the actor model, a communication model that enables parallel computing and asynchronous messaging within blockchain protocols, which can enhance the efficiency, scalability, and reliability of decentralized applications (DApps) for gaming.
Crypto losses hit $685 million in Q3, $1.4 billion year-to-date: Immunefi
In Q3, Web3 projects recorded losses of $685.5 million, mainly due to significant breaches on cross-chain protocols like Mixin Network and Multichain, which accounted for almost half of the total losses. These losses mark a 59.9% increase compared to the previous quarter's loss of $428.7 million.
Coinbase’s Desire to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
The SEC accuses Coinbase of attempting to divert attention from its weak legal arguments by blaming the SEC for its legal troubles. This statement was included in a court filing made by the SEC.
TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
According to Michael Lewis' book "Going Infinite," O'Leary, an entrepreneur and television personality, received $15 million from FTX in exchange for 20 service hours, 20 social posts, one virtual lunch, and 50 autographs.
Could House Speaker Kevin McCarthy's Ouster Be Good for Crypto?
With the former Speaker of the House being removed from office, potential replacements that are strong supporters of cryptocurrency are Patrick McHenry and Tom Emmer. These candidates are being considered due to their fervent advocacy for crypto-related issues.
DOJ Announces 8 Indicments With Ties to Fentanyl Trade, Links to Crypto Transactions
The Department of Justice (DOJ) is taking action to address concerns over the use of cryptocurrency in the illegal opioid trade. This comes amidst growing concerns about the role digital currencies play in facilitating this deadly trade.
Warner Music’s Head of NFTs and AI Departs: Report
Oana Ruxandra, Warner's chief digital officer, is leaving the label after leading their efforts to adopt new technologies. She played a key role in driving their aggressive approach towards emerging technologies.
Friend.tech users blame SIM swaps after more than 100 ETH drained in a week
Four users of friend.tech had their accounts compromised and drained after hackers carried out SIM-swap attacks, resulting in the theft of nearly 109 Ether worth around $178,000. Crypto investment firm Manifold Trading warned that around $20 million is at risk due to vulnerabilities in friend.tech's security setup.
Singapore Police Responding to Su Zhu's Arrest Says It Has Detained 36-Year Old Man: Reuters
Zhu was arrested by authorities while attempting to leave the country, according to liquidators.
Backed Launches Tokenized Blackrock ETF on Base Network
Backed Finance is launching its tokenized bond on Base, a layer-2 network incubated by Coinbase, as part of its tokenization protocol. This move allows for the offering to be easily accessible and integrated within the Base network.
Bitcoin staking protocol Babylon launches MVP at Cosmoverse
Crypto security blockchain Babylon has introduced its Bitcoin staking protocol's minimum viable product (MVP) at Cosmoverse in Istanbul, Turkey. Glassnode reports that approximately $329 billion, equivalent to over 66% of Bitcoin's circulating supply, is currently inactive.
Major Market Maker DWF Labs Invested in This Altcoin, The Price Rising!
DWF Labs, a notable market maker, has gained attention for its partnerships and investments in altcoins. Recently, it was announced that TomoChain has partnered with DWF Labs, as shared on TomoChain's Twitter account.
What Sam Bankman-Fried Did, Explained Like You're Five
Bankman-Fried, along with his former colleagues, is facing various charges that could result in him serving up to 110 years in prison. The 31-year-old is potentially facing a lengthy jail term for the alleged crimes.
First Mover Americas: Judge Dismisses SEC’s Attempt to Appeal Ripple Ruling
The description highlights that the newsletter "First Mover" by CoinDesk provides a daily contextualization of the latest price movements in bitcoin (BTC) and the overall cryptocurrency markets. It specifically pertains to the date of October 4, 2023.
Starbucks Is Selling Pumpkin Spice Latte NFTs—No, Really
Starbucks is testing the demand for $20 NFTs inspired by their Pumpkin Spice Latte, aiming to gauge the interest of Pumpkin Spice Latte enthusiasts in the digital collectible market.
'He Kept Lying': Prosecutors Unload on Sam Bankman-Fried as Defense Tries to Shift Blame
The Department of Justice revealed that Sam Bankman-Fried trusted his close group by admitting to deceiving others to hide his actions. Meanwhile, the defense argued that the transfers to Alameda were actually categorized as "loans."
Altcoins Are Poised For A Bullish October: Predicts Trader
Cryptocurrency trader and analyst, Mags, believes that altcoin prices may surge in line with "Uptober", as mentioned in a recent post. The post suggests that the altcoin market has been trading within a significant range and could experience a substantial increase in value.
Hong Kong Police, SFC Launch Task Force to Monitor Crypto Exchanges
In response to the JPEX incident, Hong Kong's police force and leading securities regulator are joining forces to oversee and combat illegal exchange activities. They are working together to enhance monitoring and enforcement measures in order to prevent similar incidents in the future.
XRP, Polygon See Month-High Volumes As Investors Show FOMO
The trading volumes of XRP and Polygon have recently reached monthly highs, indicating increased investor interest in these assets and potential FOMO (fear of missing out) behavior. This surge in volume, similar to that seen in Bitcoin a few days ago, suggests active market participation and potential price recovery for these altcoins.
Unpacking the First Day of Sam Bankman-Fried's Actual Trial
During Sam Bankman-Fried's trial, a cocoa trader from Paris mentioned that expensive advertisements and FTX's CEO's assurance led him to believe that the crypto exchange was secure enough to deposit his $100,000 for cryptocurrency trading. The trader, however, expressed surprise when he discovered that someone else had accessed his funds, marking the beginning of the trial testimony shortly after the jury selection and swearing in.
GSR Secures Major Payment Institution Licence from Singapore's MAS
Global cryptocurrency trading firm GSR has been granted preliminary approval for a major payment institution license by the Monetary Authority of Singapore (MAS), enabling its Singaporean subsidiary to offer improved services to the cryptocurrency community. This development comes shortly after Coinbase Singapore obtained a full license, exemplifying Singapore's competitive yet regulated crypto industry.
Bybit’s Leap: Pioneering Crypto Trading in South Africa with Derivatives & Fiat
Bybit, one of the world's top crypto exchanges, is expanding its derivatives products in South Africa, providing a boost to the country's crypto industry. This expansion goes beyond derivatives, as Bybit is aiming to offer a comprehensive suite of services to the South African market.
XRP Battle With Resistance: Could A Crucial Update Propel The Altcoin Forward?
XRP is facing strong resistance at $0.54 and has made multiple unsuccessful attempts to break through. Despite recent positive developments, including Ripple's licensing success in Singapore, it remains to be seen whether XRP can overcome this critical resistance level.
Bored Ape Creator Yuga Labs Invests in Spatial Computing Startup to Power 'Otherside'
Hadean is forming a U.S. team that will work alongside Yuga Labs to develop technology for the Otherside metaverse game, which is based on the popular Bored Ape Yacht Club theme.
BTC price hits 'Uptober' up 5% — 5 things to know in Bitcoin this week
Bitcoin begins a new week, month, and quarter with a strong bullish momentum, surpassing the $28,000 mark. It achieves its highest weekly close since mid-August, setting a positive tone for what lies ahead in "Uptober".
Former US President Donald Trump May Change Crypto Stance Dramatically, Says Ex-SEC Official
The former head of internet enforcement at the U.S. Securities and Exchange Commission believes that former President Donald Trump's negative stance towards cryptocurrency could change significantly. Additionally, if a Republican is elected as the U.S. president, there is a possibility of a Republican-appointed SEC chair approving a bitcoin exchange-traded fund and potentially limiting crypto-related regulations.
Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari
In Q3, crypto firms raised approximately $2.1 billion through 297 deals, marking the lowest amount raised since Q4 2020.
First Mover Americas: DOJ: SBF’s Crypto Empire Was Built on a Lie
The description explains that the latest price movements in bitcoin and crypto markets on October 5, 2023, are being discussed in CoinDesk's daily newsletter called First Mover. This newsletter provides context and analysis for these market actions.
Did You Know About These Crypto Airdrops in October?
Crypto companies are using airdrops to increase user engagement and generate interest in digital currencies and their products. Major players like Binance are participating, along with new projects.
XRP Price Breakout: This Resistance Level Holds The Key
Renowned crypto analyst Egrag Crypto analyzed the XRP price trajectory, emphasizing the importance of using the Volume Profile Visible Range (VPVR) in determining resistance levels. Egrag believes that XRP has broken out of a multi-month trend and could experience a notable surge if it establishes a strong foundation above the Value Area High (VAH) at $0.55, potentially rallying towards $1 and even $4.5 in the long term.
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
The Basel Committee on Banking Supervision proposed strict capital requirements for banks' investment in unbacked cryptocurrencies. These constraints aim to ensure the stability and safety of the banking system regarding these digital assets.
Bitcoin Price Up 3.6 Billion Percent Since It Was First Priced Above Zero
October 5 is the anniversary of the first recorded Bitcoin price calculation by a user who expressed their willingness to trade the digital currency.
Blockticity Mints Hemp and Cannabis Certifications on Avalanche
Blockticity utilizes QR codes printed on products to provide a link to a Certificate of Analysis stored as an Avalanche NFT.
Ledger cuts 12% of staff due to ‘macroeconomic headwinds’
The CEO of the firm, Pascal Gauthier, attributes the decision to reduce employee headcount by 12% to "macroeconomic headwinds".
Bitcoin Ordinal Inscriptions Cool Down After Historic Peak
Bitcoin ordinal inscriptions have slowed down significantly since reaching a historic peak on September 15, 2023. The decline in inscriptions coincides with the approaching milestone of 35 million inscriptions on the Bitcoin blockchain.
How Will XRP Price React If Ripple Share Hits $600 After IPO?
The XRP community is discussing the potential impact on XRP's price if Ripple goes public through an IPO. Anticipation for the Ripple IPO has grown alongside Ripple's promotion of XRP as a non-security.
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
A study from the Bank of Canada reveals that achieving financial inclusivity through central bank digital currency (CBDC) is more challenging than anticipated. The study emphasizes the importance of addressing barriers to financial inclusion, digital inclusion, and practical accessibility in order to ensure universal access to CBDC.
Bankman-Fried Trial to Feature Customer, Investor, and Co-Conspirator Testimony
Prosecutors have outlined their intention to have customers, investors, and co-conspirators provide testimony in the upcoming trial of Sam Bankman-Fried, the former CEO of FTX cryptocurrency exchange. Bankman-Fried is facing charges of fraud and conspiracy related to the alleged misuse of customer funds.
These Are This Week’s Top Performers as BTC Hovers Above $27K (Weekend Watch)
The two leading performers of the week have seen an extraordinary surge, with both experiencing growth of over 20%.
FTX Exploiter Executes Ongoing Funds Exodus, Moves $17 Million In ETH In One Day
In the past 24 hours, the FTX exploiter has moved over $17 million worth of Ether tokens, totaling 10,250 ETH, to different addresses. It is speculated that the attacker may continue to transfer ETH, possibly in anticipation of the approval of Ether futures ETFs in the US.
Harvard Releases Case Study on Ripple Business Model
The XRP community member Crypto Eri drew attention to a Harvard Business School case study on Ripple's business model, highlighting its potential impact on Ripple's IPO valuation. This indicates that the study has gained recognition for its significance in the XRP community's assessment of Ripple's worth in an initial public offering.
Bitcoin Financial Services Firm Swan Unveils 'Collaborative Custody' Service
Swan and Blockstream are collaborating to provide users with secure storage for their bitcoin (BTC), ensuring that users maintain full control over their assets. This partnership aims to offer users peace of mind while storing their bitcoin securely.
What Happened During Sam Bankman-Fried's First Week in Court?
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Deadmau5-Backed Nitro Nation NFT Racing Game Hits iOS and Android
Mythical Games, the creator of NFL Rivals, has launched a mobile racing game called Nitro Nation World Tour. The game includes the option for players to choose non-fungible tokens (NFTs) as part of their gaming experience.
Bitcoin at 'Risk of Falling,' Ether ETFs Lacklustre Performance Dismays Traders
In the last 24 hours, the wider cryptocurrency markets experienced a slight decline of approximately 1% in value, as indicated by the data.
Bitcoin Investment Strategy: Analyst Sets Hefty Exit Price
A popular crypto YouTuber has announced that he will only sell his Bitcoin when its price reaches $142,000, which may take several years considering the current price is below $30,000. The YouTuber has high hopes for Bitcoin's future and believes it could reach a price of at least $89,000, aligning with other analysts' optimistic predictions for the cryptocurrency.
Binance Faces Scrutiny Over Alleged ICO Missteps And Token Distribution Discrepancies
Binance, the largest cryptocurrency exchange, is facing credibility and market performance concerns as allegations of undisclosed token retention and discrepancies in its ICO process have come to light. Forbes' investigation revealed that Binance likely raised less than the claimed $15 million during its ICO, and the lack of transparency surrounding token distribution raises questions about the integrity of reported trading volumes and consumer protections. Binance's CEO, Changpeng Zhao, has remained silent in response to the ongoing allegations and investigations.
'Cyberpunk 2077' Goes Hollywood as Game Sells 25 Million Copies
Hollywood production company Anonymous Content intends to create a live-action adaptation set within the world of Cyberpunk 2077. Further details about the project have yet to be released.
The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot
As of October 1, 2023, decentralized finance (defi) platforms hold a total of $39.50 billion in crypto assets. The article explores the top five defi categories, providing information on the number of applications and the amount of wealth they represent.
Biggest Movers: BCH Races to 2-Month High, SOL Nears $25
Bitcoin cash and Solana both saw significant price increases, with Bitcoin cash reaching a multi-month high and Solana achieving its highest level since mid-August, driven by market trends and upcoming economic data.
We Asked ChatGPT When Will The Next Bitcoin Bull Run Start
ChatGPT does not have the ability to accurately predict when the Bitcoin bull market will occur.
FTX exploiter moved more than $17.1M in ETH within the last 24 hours
An address linked to the FTX exploit has transferred over 10,000 ETH, valued at more than $17.1 million, to multiple addresses, including the Thorchain router and Railgun contract. This activity has put downward pressure on the ETH price as the market anticipates the launch of Ethereum futures ETFs and comes amidst the upcoming trial of FTX co-founder Sam Bankman-Fried, who faces charges connected to fraudulent activities.
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
Nexo is joining Bybit and Paypal in the U.K. in ceasing certain services due to new promotion regulations. The decision to withdraw services is a response to the incoming rules.
Sam Bankman-Fried Goes on Trial Tomorrow
Sam Bankman-Fried is on the cusp of starting his trial after being arrested almost ten months ago. He faces the possibility of regaining his freedom or facing a lengthy imprisonment, according to a federal judge.
Sam Bankman-Fried's Lawyers Test the Judge's Patience
Prosecutors may need up to six weeks to present their case against Sam Bankman-Fried, but the judge handling the trial became impatient with his defense team after just three days.
Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What’s Going On?
Justin Sun's crypto wallet has transferred 20,000 Ethereum worth $32.4 million from Lido Finance to Binance, which has raised concerns about a potential sell-off and has contributed to Ethereum's 4% drop in value over the past three days. This transfer follows previous instances where movements from the wallet resulted in significant price declines for Ethereum.
‘Big Short’ Author Reveals Sam Bankman-Fried’s ‘Gamified’ Saga in Latest Tell-All
Renowned writer Michael Lewis is promoting his latest book, "Going Infinite: The Rise and Fall of a New Tycoon," which chronicles the turbulent journey of Sam Bankman-Fried, co-founder and former CEO of FTX. The book explores the different stages of Bankman-Fried's story.
You Can Play 'Call of Duty: Modern Warfare III' Now—Here's How
The early access for the Modern Warfare III beta is currently available, allowing players to get a head start on playing the next Call of Duty installment. The beta is rolling out on specific platforms with instructions on how to begin playing.
Solana Enhances Privacy Offerings As SOL’s Uptrend Persists With 4% Gains
Solana has released version 1.16, which includes "Confidential Transfers" to enhance user privacy by encrypting token transactions. The update has undergone testing and is now being adopted by Solana's network of validators, with plans for more frequent releases in the future.
Will Bitcoin’s 4% Weekend Surge to $28K Lead to More Gains This Week?
Bitcoin prices have reached a six-week high, but there is uncertainty about whether the momentum can be sustained as October is historically a bearish month.
Ripple Vs. SEC: Crypto CEO Predicts SEC Will Drop Charges Against Executives
The civil trial between the SEC and Ripple, along with its founders Brad Garlinghouse and Chris Larsen, is scheduled to begin in April 2024. However, some experts, including Yasin Mobarak, believe that the SEC will drop the charges before then because they do not want their corruption to be exposed in a trial. Others speculate that the SEC may be open to dropping the charges if Ripple provides some form of settlement, although Ripple has expressed its intention to see the case through to the end.
September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined
September saw the highest number of crypto exploits in DeFi, resulting in over $300 million in losses. Additionally, the Yield Protocol announced its permanent closure by December due to low demand and regulatory pressures.
Inside Shrapnel's Marketplace, New Map, and 'AI Director' Feature
Summary: Decrypt's Kate Irwin interviews Don Norbury, the Head of Studio at Shrapnel, to discuss the current progress of the development of the NFT-powered first-person sci-fi extraction shooter, Shrapnel.
Bitcoin Gained 8.44% in Last Month and is Predicted to Reach $ 32,021 By Oct 06, 2023
The description states that the information provided is not investment advice and is only for general purposes. It also clarifies that no content on the page should be considered a solicitation, recommendation, endorsement, or financial advice.
ChatGPT Gives Dogecoin & Shiba Inu Price Analysis, Picks Out a New Meme Coin That Could Pump
Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price increases recently, and ChatGPT has provided a price analysis and a prediction for their potential value by the end of the year.
Satoshi Nakamoto Unmasked: Did He End His Life Because of Bitcoin?
This description introduces the idea of Satoshi Nakamoto disappearing in an unexpected manner and highlights the similarities between the life story of a new candidate for the Bitcoin founder and Nakamoto himself. It also mentions the mystery surrounding Nakamoto's identity.
Why regulated decentralized exchanges are the wave of crypto trading’s future
The cryptocurrency trading landscape is changing as more investors seek alternatives to centralized exchanges. These exchanges, which have dominated the market, are facing competition from emerging alternatives.
Binance Collaborates with Royal Thai Police to Disrupt Criminal Networks
Binance and the Royal Thai Police have worked together to dismantle crypto fraud networks in Thailand, resulting in arrests and the seizure of significant assets. This partnership showcases Binance's proactive approach to combating cybercrime and commitment to improving security in the digital asset ecosystem.
Grayscale Moves to Convert Ethereum Trust to Spot ETF Amid Surge in ETH Futures ETF Launches
Grayscale Investments plans to convert its Ethereum Trust into a spot ether exchange-traded fund (ETF), following the launch of ether futures ETFs by Vaneck, Bitwise, and Proshares. This move highlights the growing popularity and demand for cryptocurrency investment products.
US Treasury Secretary Yellen Comments on Interest Rate Decisions
US Treasury Secretary Janet Yellen discussed upcoming interest rate decisions in the US in her recent statement. For more details, refer to the article "US Treasury Secretary Yellen Comments on Interest Rate Decisions."
CFTC Takes Legal Action Against Cryptobravos
The CFTC has taken legal action against Cryptobravos and its associates, accusing them of engaging in a significant fraud scheme. According to the CFTC, the defendants fraudulently solicited and deceived individuals through their activities.
Brazil's Central Bank Bolsters Crypto Regulations Amidst Explosive Growth
Brazil's central bank is implementing stricter regulations on the growing cryptocurrency industry, following increased adoption of digital assets. This action is being taken in response to a rise in crypto imports into the country.
Money Outflow from Bitcoin Funds Stopped After 6 Weeks! Interest in This Altcoin Reached a Record Level!
Bitcoin stayed above $28,000 after experiencing a recent increase, while Coinshares released its weekly cryptocurrency report. After six weeks of outflows, the report showed a positive inflow of $21 million.
BIS and Central Banks Make Waves with Successful CBDC Test in Project Mariana
The central banks of France, Singapore, Switzerland, and the Bank for International Settlements (BIS) are working together on Project Mariana to conduct trials for cross-border trading of wholesale Central Bank Digital Currencies (wCBDCs). This project aims to explore the potential benefits and challenges of utilizing digital currencies for cross-border transactions.
Free Talk Live Co-Host Ian Freeman Sentenced to 8 Years for Running Unlicensed Bitcoin Business
Ian Freeman, co-host of Free Talk Live, has been sentenced to eight years in prison for running an unlicensed Bitcoin business. His co-host, Mark Edge, has stated that an appeal is likely to follow.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, resulting in a 7.3% increase from the previous month. The company also generated $9.5 million in revenue by selling 362 BTC and has been expanding its operations, including increasing its total operating capacity to 233 MW.
Comparison Between Bitcoin Spark and Ethereum for the Next Bull Run
Bitcoin Spark (BTCS) and Ethereum are two promising cryptocurrencies to consider for investment in 2023. BTCS stands out for its innovative mining approach, while Ethereum excels in technological advancements and market resilience.
Here’s How Much Russia’s Biggest Banks Are Spending on CBDC Integration
Despite the CBDC pilot being less than two months old, Rosbank, one of Russia's largest banks, has invested approximately $1.6 million in integrating the digital ruble. The bank is known for its strong enthusiasm towards CBDC and cryptocurrency adoption within Russia.
Bitcoin (BTC) Price Rebounds to End September – Will October Keep the Momentum Alive?
The Bitcoin price closed September with a positive gain of nearly 5%, and October started with a significant price increase that is still continuing. This recent bullish trend indicates a positive momentum for Bitcoin.
Bitcoin Up 7,000% Since Assange Called It 'The Most Interesting Thing on the Internet'
Nine years ago, Julian Assange, founder of Wikileaks, commented on Bitcoin and its rise to prominence in the financial world after reaching a value of $1,000 the previous year. His remarks marked an important acknowledgement of the cryptocurrency's significance.
FTX hacker moves over $38 million in past few days
A significant amount of 7,500 ether worth $12.6 million was withdrawn from the troubled crypto exchange FTX by an unidentified individual or group.
Pudgy Penguins trading volume surges 241% following Walmart deal
Weekly trading volume for the blue-chip NFT project Pudgy Penguins experienced a significant surge, reaching $3.32 million between September 24 and October 1, thanks to their collaboration with Walmart, marking a 241% increase compared to the previous week.
SEC and 5 Other US Regulators Issue Crypto Investment Warnings
The SEC and other financial regulators have issued warnings about the risks of investing in crypto assets during World Investor Week. They emphasized that individual investors face significant potential losses when dealing with crypto assets.
Former Canaan Chairman’s Crypto Project Hacked: Insider Turns Fugitive
Former Canaan chairman Jack Kong is dealing with an internal hack of a crypto project, as an insider hacker escapes to Thailand but is quickly apprehended and sent back to China. The hacker carried out a long-term undercover operation by obtaining passwords and tampering with the system.
Sudden Rise in Cryptocurrencies: Bitcoin Hits $28,000, Ethereum Hits $1750!
Bitcoin experienced a rapid surge, reaching $28,000 and causing a 3 percent increase in other cryptocurrencies. Meanwhile, Ethereum saw a 3 percent daily gain, pushing its price higher.
UBS taps Ethereum to pilot tokenized money market fund
UBS Asset Management has initiated its first 'live pilot' of a tokenized money market fund on the Ethereum blockchain, marking a significant step in utilizing blockchain technology in the financial industry.
Watch Out: 13 Altcoins Have Massive Token Unlocks in the Coming Week! Here is the List Day by Day, Hour by Hour
There are numerous token unlocking events planned for the coming week in the cryptocurrency market. For a detailed list, visit the provided link.
We Asked ChatGPT How High Can Bitcoin Go During the Next Bull Market
The question posed to ChatGPT is about predicting the maximum price of Bitcoin during an upcoming bull market, acknowledging the current price movement.
Here Are Two Probable Outcomes for XRP in the Coming Days (Ripple Price Analysis)
Ripple's price recently broke below the 200-day moving average and has since entered into a consolidation phase. If the current pullback is successful, there is a strong possibility of further price depreciation for XRP in the near future.
How “Antiquated Infrastructure” Undermines Crypto Security
Cybersecurity measures in the crypto market are consistently scrutinized for their strength and resilience as cyber-attacks become more frequent and sophisticated. Experts are particularly concerned about the aging infrastructure in the crypto industry.
Solana rockets toward $25; What's next for SOL price?
Solana (SOL) is steadily rising in the cryptocurrency market, aiming to reach the significant price level of $25.50. If it surpasses this level, there is a high possibility of further gains for the digital asset.
Are Ethereum ETFs Overshadowed by Bitcoin? Is Interest in ETH High? Bloomberg Analyst Evaluated!
Many companies have recently introduced Ethereum futures ETFs, according to Bloomberg ETF analyst Eric Balchunas. Balchunas noted that while interest in Ethereum ETFs is on par with expectations, it still lags behind Bitcoin.
Coinbase crypto exchange obtains payment license in Singapore
Cryptocurrency exchange Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, allowing it to expand its digital payment token services in the country. The license also signifies Coinbase's commitment to the growing crypto and Web3 community in Singapore.
UK Government Urged to Review Chase Bank’s Policy to Decline Crypto Payments
Bitcoin Policy UK is calling on the British government to reconsider Chase Bank's decision to reject cryptocurrency payments, stating that it contradicts the government's goal of establishing the UK as a crypto asset hub.
Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session
Dogecoin and Shiba Inu both experienced declines in the crypto market, with Dogecoin falling 2.87% and Shiba inu also edging lower. These drops occurred after Dogecoin failed to surpass a key resistance level.
Here Are 3 Sectors for New Crypto Investment Opportunities 2024
In a recent video, the Crypto Banter YouTube channel highlighted three key crypto sectors that will be influential in the next market cycle, as emphasized by the host. These sectors are regarded as essential foundations for any cryptocurrency investor.
The Trial of Sam Bankman-Fried: Live Blog, Latest News and Insights
Sam Bankman-Fried, the founder of FTX, is facing seven criminal charges following the collapse of his cryptocurrency empire. Details about his trial are discussed in the latest update.
DWF Labs Seemed to Buy $100 PEPE and $2 JASMY: But What’s the Reality? CEO Explained
The onchain data shows that only small quantities of memecoin were transferred from Binance to DWF Labs wallets. For more information, the CEO of DWF Labs explains the situation regarding their supposed purchase of $100 PEPE and $2 JASMY.
Milady NFTs plunge 40% as legal dispute among founders accelerate
The NFT project Milady Maker has been facing ongoing issues, including lawsuits between its pseudonymous founders over accusations of exploitation and fees on the platform's social media sites. Despite a history of controversies, Milady Maker has been consistently plagued by unforeseen events.
AirBit Club Co-Founder Sentenced to 12 Years in Prison for Crypto Pyramid Scheme
Pablo Rodriguez, co-founder of the cryptocurrency pyramid scheme AirBit Club, has been sentenced to 12 years in prison after pleading guilty to wire fraud conspiracy charges. Rodriguez and his fellow conspirators were involved in a fraudulent scheme that deceived individuals and caused financial losses.
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore
Crypto exchange Coinbase has obtained a major payment institution (MPI) license in Singapore under the Payment Services Act. This achievement follows Coinbase's preliminary approval from the Monetary Authority of Singapore almost a year ago.
Shiba Inu Investor Shares Investment Strategy That Earned Him Over $5 Billion
The Shiba Inu (SHIB) token has gained popularity for its ability to empower individuals and help them achieve financial freedom, lifting many out of poverty. It has generated numerous millionaires and even some billionaires as a result.
Parliamentary committee calls for shutdown of Worldcoin in Kenya
A parliamentary committee in Kenya has recommended that regulators shut down the operations of Worldcoin in the country due to concerns about the collection of personal data and violation of a court order. The committee also suggested that the government implement a comprehensive framework for digital assets and virtual asset service providers in Kenya.
Silk Road founder marks 10 years into his double life sentence in prison
Ross Ulbricht, the founder of Silk Road, a darknet market, has completed 10 years of his double life sentence in prison after his laptop was seized by the FBI in 2013. Ulbricht expressed fears of spending the rest of his life behind bars and received widespread support from supporters who believe his punishment was unjust.
XRP-Allied Flare (FLR) Offered as Reward as KuCoin Turns 6
KuCoin is celebrating its sixth anniversary by offering Flare (FLR) tokens to its community members as a reward. The tokens are closely connected to the XRP ecosystem.
Here’s When Bitwise’s Ether Futures ETFs Will Debut
The trading of AETH and BTOP, two ETFs focused on Ethereum and Bitcoin, will launch in the near future. These ETFs aim to provide equal-weight exposure to the respective cryptocurrencies.
XRP’s Bullish Indicators: Are We Heading Towards a New All-Time High?
XRP's September candle ended with a doji, suggesting possible upward momentum. Breaking through the $0.55 obstacle could lead to XRP surpassing the weekly Ichimoku Clouds, further supporting its bullish outlook.
Bitcoin Price Predictions, Ripple (XRP) Developments, SHIB Adoption: Bits Recap Oct 2nd
Gary Gensler, who was confronted about the Ripple case, chose not to comment, while Ripple's cryptocurrency XRP experienced a significant surge to $0.55. In the meantime, the token SHIB saw its burn rate rise to nearly 1,000%.
Chainlink Collaborates with ANZ Bank: A Glimpse into Cross-Chain Tech's Future
Decentralized oracle service, Chainlink, has formed a significant partnership with ANZ, a banking giant. Together, they will explore and utilize Chainlink's innovative solutions in the financial sector.
Crypto Prices Today: 4 Cryptos to Watch as the Market Recovers
The cryptocurrency market has begun October positively, in line with its historical bullish trend for this month. It appears that October is maintaining its reputation as a positive period for the cryptocurrency market, as reflected in recent market activity.
Silk Road Founder Ross Ulbricht Marks a Decade in Prison Today
Ross Ulbricht, the founder of Silk Road, a notorious darknet marketplace, has announced via his X account that he has completed his ten-year prison sentence. Ulbricht's family outside of prison appears to be managing his social media account.
Coinbase Obtains License From Singapore’s Central Bank — Crypto Exchange Sees Singapore as ‘a Vital Market’
Coinbase has received a license from Singapore's central bank to offer cryptocurrency services to individuals and institutions, citing Singapore as an important market due to its economic strategies and regulatory approach.
Adidas and Moncler Collab Features AI 'Adventurers' and NFTs
Adidas and Moncler have teamed up for a collaboration that features a campaign made using generative AI. The partnership also includes the creation of NFT collectibles.
Analyst Reveals 5 Altcoins to Watch Closely This Week and Why
The DeFi Investor, a well-known crypto analysis account, revealed a list of altcoins he will be monitoring this week, including Cosmos (ATOM). His decision is based on the upcoming Cosmoverse conference, which is set to begin on October 2nd, signaling potential opportunities in the market.
Tokens with Big Chains May Increase by 10X If Market Cycle is Validated
According to full-time trader and crypto analyst Jack, if the market is about to experience a retracement from the depression phase, tokens associated with large chain ecosystems could potentially increase in value by tenfold. Some of the tokens he specifically mentioned include Avalanche (Avax).
Ripple Locks 800M XRP After Releasing 1B Coins, Price Surges Over 1% in 24 Hours
Ripple Labs announced that it has unlocked and released a total of 1 billion XRP coins from its escrow accounts as part of its routine token unlock program. This comes shortly after 800 million XRP was deposited into the escrow account.
September becomes the biggest month for crypto exploits in 2023: CertiK
In September 2023, crypto-related exploits resulted in a total loss of $329.8 million, with the Mixin Network cross-chain protocol being the biggest contributor, losing $200 million. Other major incidents included attacks on CoinEx exchange and Stake.com, resulting in losses of $53 million and $41 million respectively.
OKX Wallet Integrates LI.FI Protocol, Simplifying Cross-Blockchain Asset Transfers
The OKX Wallet web extension has successfully integrated the LI.FI Protocol, which simplifies asset transfers in the world of cryptocurrency wallets and decentralized finance. This integration offers a seamless experience for users looking to manage their assets with ease.
FCA Fines Investment Firm $7.8 Million for Anti-Money Laundering Failures
The UK Financial Conduct Authority (FCA) has fined a commodities broker a substantial amount for violating anti-money laundering (AML) regulations, as part of its efforts to enforce rules for asset managers and crypto exchanges. The FCA is taking aggressive measures to clarify these rules and ensure compliance in the financial industry.
Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion
The Bitcoin network's difficulty reached a new high of 57.32 trillion on October 3, 2023, making block rewards more challenging to uncover for miners. This marks the second consecutive difficulty increase since September 19.
TYRION Advances Decentralized Advertising with Strategic Move to Coinbase’s Base Chain
TYRION, a leader in decentralized advertising, has revealed its plan to construct its advertising platform on Coinbase's Base Chain. This decision demonstrates TYRION's dedication to utilizing advanced technology to provide exceptional advertising solutions.
Coming Soon: An Easier Way To Bootstrap Your Node's UTXO Set
James O'Beirne's assumeutxo option, which enables instant UTXO set bootstrapping for Bitcoin nodes, has been successfully merged into Bitcoin Core after four years of development efforts.
dYdX Chain Audit Reveals Zero Critical Issues, Confirms Informal Systems
Decentralized exchange platform dYdX has successfully passed a thorough security audit conducted by Informal Systems, as announced on their Twitter account. This reinforces dYdX's dedication to ensuring user security and the safety of funds.
Giant Bitcoin Exchange Received a Fully Authorized License in Singapore!
The Monetary Authority of Singapore has granted a Major Payments Institution license to a giant bitcoin exchange, solidifying its position in the country. This move further legitimizes the exchange's operations in Singapore.
ZTX Unveils Exciting Metaverse Update to Introduce Virtual Labor
ZTX is preparing to release the highly anticipated beta version two of its Web3 virtual universe, offering an immersive and rewarding experience where manual labor is transformed into thrilling adventures. Get ready to explore a digital realm where virtual work takes center stage.
Bankman-Fried Seeks to Block Prosecutors Calling FTX Investors, Former Insiders as Witnesses
In the lead-up to the FTX founder's fraud trial, lawyers are engaged in ongoing debates and disagreements regarding the admissibility of evidence, just before jury selection.
Brazil Transitions to a Blockchain-Based Digital Identity System
The Brazilian government plans to implement a new blockchain-based identity system throughout the entire country by November. This move aims to enhance and streamline identity verification processes.
Friend.Tech Revenue Crosses 10,000 ETH Milestone
Friend.Tech achieved a revenue milestone of 10,000 ETH, specifically reaching 10,644.8 ETH. Additionally, the company has experienced growth in its Total Value Locked.
Bank of Russia Digital Ruble Pilot Update: ‘Everything Going as Planned’
The Bank of Russia provided an update on its digital ruble pilot, stating that it is progressing as intended and that additional participants and use cases will be included in the future. Governor Elvira Nabiullina confirmed that the pilot is on track.
Watch Out: Crypto Market Heading Into A Critical Week – Here is the List of Economy and Altcoin Developments to Follow
The new week will bring developments in altcoins and the economy after a week of partial recovery in Bitcoin. For more information, you can visit the provided link.
Mudrex Gains VASP Status in Italy, Expanding Crypto Investment Reach
Mudrex, a San Francisco-based crypto investment platform, has achieved regulatory compliance and market expansion globally. The latest development is its regulatory clearance from Italy's "Organismo Agenti e Mediatori."
Sam Bankman-Fried considered paying Trump $5 billion not to run for office, Michael Lewis claims
According to Michael Lewis, the founder of FTX explored the idea of offering payment to Donald Trump as an incentive not to run for president.
Hers is How Shiba Inu Evolves into a Serious Blockchain Contender
Shiba Inu, originally a meme coin, is now becoming a serious blockchain competitor through the introduction of Shibarium, a Layer 2 network for the Shiba Inu ecosystem. CoinRabbit, a crypto platform, has expressed interest in partnering with Shibarium following its successful launch.
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
The trial of Sam Bankman-Fried, co-founder of the bankrupt cryptocurrency exchange FTX, began with jury selection extending into the next day. The process revealed that some potential jurors had suffered losses in cryptocurrencies, providing insight into the case.
Crypto-friendly Patrick McHenry takes interim House Speaker position
Eight Republicans voted against Kevin McCarthy, resulting in his ousting as House Speaker by Congress, marking the first time in U.S. history that a House Speaker has been removed. Patrick McHenry, a pro-crypto lawmaker, has been appointed as the interim House Speaker, potentially bringing positive implications for the digital asset sector.
Bitcoin Price Analysis: Bulls Absorb Stops Above 28404 – 3 October 2023
Bitcoin experienced a surge in value, reaching its highest point since mid-August at around 28415.49. Multiple price levels were broken during this increase.
How Venmo's Stablecoin Integration Can Grow the Bitcoin Economy
In an interview with Bitcoin Magazine, Walter Hessert, Head of Strategy at Paxos, discusses PayPal's PYUSD stablecoin and its integration with Venmo, as well as the potential impact on the Bitcoin market.
Coinbase granted full license in Singapore
Coinbase, a leading cryptocurrency exchange, has received a crucial license in Singapore, granting them permission to operate in the country.
Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal
US District Judge Analisa Torres has rejected the Securities and Exchange Commission's interlocutory appeal in the ongoing lawsuit against Ripple. The judge has set a trial date for April 2024 to address the remaining concerns.
Bitcoin Hovers Above $27.4K; XRP Notches Win, Solana Token Slides
After a brief spike in prices due to ETF decisions earlier in the week, the cryptocurrency markets have once again stabilized with lower levels of volatility.
What You Need to Know About Exchange Tokens After FTX's FTT Meltdown
Exchange tokens play a significant role in top exchanges, but the level of risk associated with them is uncertain.
Central Bank Group Unveils Data Project Mapping Crypto Transfers
A new data source has been developed by the German-Dutch central bank project that not only maps off-chain flows but also has the potential to support future cryptocurrency regulations. The data source provides valuable insights and information for regulatory purposes in the crypto industry.
Bloomberg Analyst Was Skeptical About Bitcoin's Rise! Warned Investors!
Bitcoin remained stable at $28,000, but Bloomberg's senior commodity strategist, Mike McGlone, warned investors of an impending recession. Despite the price rise, McGlone expressed concerns about the future trend of Bitcoin.
Cardano (ADA) bullish streak: Cardano-Based Minswap’s key metrics spike
Cardano (ADA) has experienced a notable price increase and analysts believe it could enter a bull run and surpass $0.5. Despite being 37% lower than its price a year ago, there is potential for a positive trend in Cardano's value.
One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam
CFTC Chair Rostin Behnam emphasized the agency's involvement in the crypto industry and the need for updated legislation at the Financial Industry Association Expo. He highlighted the agency's enforcement actions related to digital assets and expressed a desire for additional authority in the crypto space.
Jack Dorsey's Block Shipping New BitKey Bitcoin Wallet
Jack Dorsey's payment company Block is nearing its public debut with BitKey, their inaugural Bitcoin hardware wallet product.
Is Elon Musk's "X" Going Public Again?
Bill Ackman's firm, Pershing Square, has been approved for a new investment vehicle that plans to invest in a privately held company and subsequently take control. This significant move is being considered by Ackman, a prominent investor.
UK to launch Digital Securities Sandbox in Q1 2024
The UK is planning to launch a Digital Securities Sandbox focused on digital securities by Q1 2024, which will allow companies to set up financial market infrastructures using digital assets under a temporarily modified regulatory framework. The sandbox will have a new rule set that enables experimentation with digital securities.
Bitcoin: better performance than Nasdaq and S&P500 since 2020
Bitcoin has proven to be a stable and mature asset, outperforming the Nasdaq and S&P500 with a significant increase of +126% since August 2020. In comparison, the two stock indices have also shown positive growth, but at a lower rate.
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
The description is discussing Bitcoin's transaction backlog, which has decreased to 27,210 unconfirmed transactions due to a recent downturn in Ordinal inscriptions. This indicates that Bitcoin's mempool, which was previously cluttered, is nearing an end for the backlog.
How Bitcoin will react to US Government Shutdown
The US government shutdown may cause a delay in the approval of a spot Bitcoin ETF by the SEC, which has broader implications for traditional and crypto financial markets. This situation highlights the increasing frequency of federal shutdowns and concerns of credit rating agencies over US fiscal policymaking.
Deus X Capital launches with former Galaxy exec Tim Grant as CEO
Deus X Capital, a crypto-focused investment firm, has been launched by Tim Grant, former head of EMEA for Galaxy Digital. The firm announced today that it has gathered $1 billion in investment assets.
FTX Hack Suspect Reactivates Wallet
Spot On Chain, a blockchain analytics firm, has reported a significant movement in a crypto wallet associated with the FTX hack. The wallet transferred 2,500 ETH (worth about $4.2 million) amidst the launch of Ethereum-based ETFs in the U.S, the first activity in the wallet since the hack, which still holds 12,500 ETH.
Hong Kong crypto firm launches $100 million fund aimed at Asia startups: report
The fund will concentrate on investing in blockchain infrastructure, consumer applications, and crypto financial services. These three investment categories will be the main focus of the fund.
Delist Announcement for 80 Altcoin Trading Pairs from Coinbase!
Coinbase, the leading US cryptocurrency exchange, announced that it will be delisting 80 non-USD trading pairs due to low demand. Transactions in these markets will be suspended to streamline operations.
Bitcoin Fails to Hold $28,000 Amid Bond Yields Surge, Fed Hike Coming?
The Bitcoin price reached a high of over $28,000 in October but has since experienced a decline of 1.87% to approximately $27,591. This drop in price is attributed to an increase in bond yields.
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil is using blockchain technology to issue their National Identity Card (CIN) in order to improve security and data integrity. The initial phase is happening in three states, with a nationwide deadline set for November 6, 2023, as part of Brazil's broader initiative for digital identity verification.
Researchers find LLMs like ChatGPT output sensitive data even after it’s been ‘deleted’
A team of scientists from the University of North Carolina has published research demonstrating the difficulty of removing sensitive data from large language models (LLMs) like OpenAI's ChatGPT and Google's Bard. Deleting information from LLMs is challenging because they are pre-trained on databases and the information is stored within their weights and parameters, making it difficult to verify if the information has been removed.
Alpaca Debuts Private Equity Real Estate
Alpaca has launched Alpaca Real Estate, a private equity real estate platform, in partnership with GCM Grosvenor. The aim of the platform is to enhance real estate investment returns by utilizing technology and operational strategies in the current market.
Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s License Status
A Kenyan parliamentary committee has called out a government official for giving inconsistent statements about Worldcoin's license status in the country, and it has also discovered that Worldcoin's "Orbs" were not approved by the Communications Authority of Kenya as required by law. The committee accuses Worldcoin of operating without a license.
Google Cloud Becomes an Official Polygon Validator
Google Cloud has joined as an official validator for Polygon, a layer-2 blockchain that utilizes proof-of-stake network. This is a significant achievement for Polygon Labs, as Google Cloud becomes one of the many validators supporting the network.
One Million XRP Bought at $0.005 in 2014: Ripple CTO Reveals Interesting Purchase
The user wants to know the lowest price at which they purchased XRP.
Why is Bitcoin price down today?
The price of Bitcoin has dropped over 4% after reaching its highest level in two months at $28,590. The reason for the decline in Bitcoin's price is currently unclear.
Shiba Inu Blockchain Success: Shibarium Transactions Near 3.3M, Staked BONE Surpasses 27M
Shibarium, Shiba Inu's layer-2 blockchain, is experiencing a surge in activity with an increase in the number of transactions and BONE staked on the network. Various aspects, including total transactions and wallets, have seen noticeable growth.
Bitcoin’s rise in September bodes well for October price action: Bitfinex analysts
A recent report suggests that with the crypto market ending September positively, there may be a strong possibility for a bullish October.
SEC Charges FTX Auditor Prager Metis Over Independence Violations
The SEC has charged Prager Metis with violating auditor independence laws, specifically regarding their previous work with cryptocurrency exchange FTX. This case highlights the importance of auditor independence in maintaining financial transparency and protecting investors.
Is Michael Lewis Throwing Out His Reputation to Defend Sam Bankman-Fried?
Many people in the crypto industry consider Michael Lewis, a former Wall Street bond trader and finance writer, as their favorite author. Despite this, there are still many individuals who firmly believe that crypto is an important and valuable innovation.
SEC initiates legal action against FTX's auditor
The US Securities and Exchange Commission (SEC) has filed legal proceedings against accounting firm Prager Metis for allegedly committing hundreds of violations related to auditor independence while providing services to the now-defunct crypto exchange FTX. The SEC claims that Prager Metis continued to offer accounting services while also providing auditing services, which is prohibited under the auditor independence framework.
Ether Futures ETFs See Low Volume in First-Day Trading
On the first day of trading, nine ether exchange-traded funds (ETFs) were introduced, with some exclusively holding ether futures and others holding a combination of assets. However, the trading activity for these ETFs was relatively low.
Recent BTC Price Breakout Open Up Gates for Bitcoin At $31,000, Details
The Bitcoin price has seen a significant increase of over 3.57% in the past few hours, surpassing the $28,000 mark. This positive breakthrough is a promising start to the fourth quarter of 2023.
VC Roundup: Investors eyes blockchain analytics, gaming and crypto privacy
Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol have recently secured funding for their crypto and blockchain projects, despite challenging market conditions. Bubblemaps raised $3.2 million to expand its data visualization platform, CoinScan raised $6.3 million for its crypto analytics platform, Hinkal Protocol secured $4.1 million to enhance privacy in DeFi trading, and Mythic Protocol raised $6.5 million for its collaborative entertainment ecosystem.
Taiji Capital Revolutionizes Real Estate Investment With Hong Kong’s First STO Launch
Pioneer Asset Management's closed-end fund plans to issue tokens only to professional investors to raise around HK$100 million. The raised funds will be used to acquire ownership rights for a particular purpose.
Nomura’s crypto arm expands to Japan with new office
Japanese banking giant Nomura has launched a new office in Tokyo, expanding its cryptocurrency division, Laser Digital.
Gemini Eyes Revised Proposal in Latest Update in Feud With DCG
Gemini, a digital currency trading platform, has released an update regarding its conflict with Genesis, a subsidiary of Digital Currency Group (DCG). The update highlights the events of the past month, which were marked by significant developments in their dispute.
Crypto Exchange Bybit Launches Derivatives Products in South Africa
Crypto exchange Bybit has partnered with Money Doc, acting as its "juristic representative," to offer its derivatives products in South Africa. This partnership allows South African users to make deposits in local currency via bank transfers.
Bitwise to Launch Two Innovative Ethereum Futures ETFs on October 2
Bitwise Asset Management will be launching the first-ever Ethereum Futures ETFs, AETH and BTOP, on October 2nd. These ETFs provide regulated exposure to CME Ether futures.
Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes
Neal Stephenson, the author of Snow Crash, has launched a blockchain project to create a metaverse. Despite skepticism and claims of the metaverse being "dead", the project remains determined to pursue its vision.
Grayscale moves to convert its Ethereum trust to a spot ether ETF
Grayscale Investments plans to convert its Ethereum trust into a spot ether exchange-traded fund (ETF) and has submitted a filing with the U.S. Securities and Exchange Commission (SEC).
Martin Shkreli on E/ACC and SBF in Prison
The description indicates that Reza Jafery and Martin Shkreli engage in a casual conversation discussing topics such as the E/ACC movement, songs they could recall under pressure, and speculating on the future of SBF during his incarceration.
Bitcoin (BTC) Price Eyeing $31K After Breaking Bearish Trend
Bitcoin has been performing well after a bearish period, surpassing $28,000 and breaking the bearish trend. Analysts predict that it will continue to rise and potentially cross the $31,000 mark.
This Altcoin Followed the Rise in Bitcoin the Most! Is Trust in the Network Increasing?
The Solana price has increased and reached its highest level this year, and at the same time, the Total Value Locked (TVL) for SOL has risen to $338.82 million.
Shiba Inu Burns 2.3 Billion SHIB in September
Shibburn.com has released data showing that the monthly burn rate of Shiba Inu tokens dropped significantly in September, with the community burning 2.32 billion tokens. This information was shared in a tweet by Shibburn.com, providing an update on the burn statistics for Shiba Inu.
Fight for assets begins as ETH futures ETFs debut
Several fund groups, including VanEck, ProShares, and Bitwise Asset Management, have launched the first exchange-traded funds (ETFs) that hold ether futures contracts. These ETFs compete for assets in the growing market, with Volatility Shares being one of the firms that initiated the filings for such products in July.
Humata AI Raises $3.5 Million Led by Google’s Gradient Ventures
The company aims to revolutionize the way people work by expanding and enhancing their existing PDF tool. They have a vision to redefine traditional work practices and introduce innovative approaches for productivity and collaboration.
XRP Breakout Targets $0.66, $1.88, and $5.85 As XRP Closes September with Doji Candle
The XRP cryptocurrency closed September with a doji candlestick pattern, implying uncertainty in the market. Analyst Dark Defender predicts potential bullishness ahead, with potential price targets at $0.66, $1.33, $1.88, and $5.85.
nChain CEO Departs Accusing Dr. Craig Wright of Fraud
Christen Ager-Hanssen has resigned as nChain's Group CEO, claiming internal issues and a conspiracy to defraud shareholders. He accuses Dr. Craig Wright of deceiving courts about being Satoshi Nakamoto, which has caused a significant reaction in the cryptocurrency community and raised questions about Ager-Hanssen's past involvement with Algorand and the implications for the Bitcoin SV community.
Bears Lost $98 Million While Bitcoin Rising! Which Altcoin Had the Most Liquidations? Will the Rise in BTC Continue?
A short position of $98 million was liquidated as Bitcoin and altcoins experienced significant increases in the last 24 hours.
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
Bitcoin experienced a slight recovery on Wednesday after hitting a crucial support level the previous day, while Ethereum continued to trade below $1,700. Overall, the global cryptocurrency market cap increased by 0.7%.
Not Your Keys, Not Your Crypto: What to Know Before the Next FTX-type Meltdown
The phrase "Not your Keys, Not your Coins" is gaining attention following a recent exchange collapse. It emphasizes the importance of personally controlling one's private keys in cryptocurrency transactions to avoid the risk of losing ownership of assets.
Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments
Sam Bankman-Fried's defense team is seeking clarification from the U.S. judge overseeing his case on whether they can make certain arguments during trial, specifically regarding FTX, a prominent cryptocurrency exchange. They want clarity regarding their ability to argue FTX's involvement in the case.
India Plans To Launch Global Database Of Crypto Exchanges By Next Year
India is aiming to establish a worldwide database of cryptocurrency exchanges to aid in the fight against cryptocurrency-related crimes. This effort is part of India's broader goal to comply with international regulatory norms.
Brazil BTG Pactual bank buys Bitcoin-friendly brokerage Orama for $99M
Brazilian investment bank BTG Pactual is acquiring cryptocurrency-friendly brokerage Orama DTVM as part of its digital expansion strategy, which will provide Orama customers with access to the complete BTG platform. BTG Pactual has also announced plans to launch its own stablecoin, BTG Dol, pegged to the U.S. dollar.
BREAKING! VanEck Launches Ethereum Futures ETF!
VanEck has finally launched the highly anticipated Ethereum futures ETF, fulfilling the long-awaited news for investors. The Ethereum Futures ETF was officially launched on October 2, 2023, according to VanEck's website.
Paradigm Challenges SEC's Authority in Lawsuit Against Binance
Venture capital firm Paradigm has submitted an amicus brief opposing the SEC's lawsuit against Binance. Paradigm argues that the SEC is exceeding its regulatory jurisdiction and highlights the potential implications for securities law.
Tether (USDT) on Exchanges Jumps to 24.7% – Highest Stablecoin Buying Power in 6 Months: Data
Cryptocurrency markets are abuzz with excitement as Tether, the world's largest stablecoin, gains attention in the latest bullish reversal. Bitcoin, Ether, and other top crypto-assets are experiencing a sharp upward trend.
ATPBot Introduces Advanced AI-Driven Trading Solutions for Binance and Kraken Users
ATPBot, a leading AI trading platform, has unveiled a powerful AI-trading bot that supports Binance and Kraken users to implement automated trading through API. This advanced platform utilizes supercomputers and artificial intelligence to provide highly efficient and intelligent trading strategies.
"ADA Whale" Shares Insight on Digital Economy and Cardano's Utility
On October 1, 2023, "ADA Whale", a crypto influencer, discussed Cardano's role in the digital economy on social media platform X, highlighting the difference between his personal desires and realistic expectations.
XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal
According to the CoinDesk Market Index (CMI), the wider cryptocurrency markets experienced a 0.7% decline in the last 24 hours.
Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan
The Arbitrum Foundation and Fracton Ventures have partnered to launch Arbitrum Japan, with the goal of promoting blockchain technology and expanding the Arbitrum ecosystem in the country. This alliance aims to create new business opportunities, particularly in the finance and entertainment sectors, and enhance community engagement through educational initiatives.
Ethereum Layer 2 StarkWare delays first token unlocks to April 2024
StarkWare, an Ethereum Layer 2 developer, has postponed the initial release of its StarkNet token (STRK) until April 2024.
Vitalik Buterin Discusses Ethereum Protocol ‘Enshrining’: ‘Blockchains Are Social Systems’
Vitalik Buterin, co-creator of Ethereum, has emphasized the need to balance complexity and functionality in the upcoming decisions for the protocol. While Ethereum initially aimed for simplicity, Buterin recognizes that blockchains are "social systems" and there are various considerations to take into account.
Nomura’s Crypto Subsidiary Laser Digital Opens Office in Japan
Nomura's digital asset subsidiary, Laser Digital, has established a Tokyo base to strengthen its presence in the Far East. Hideaki Kudo, a former executive director at Nomura, has been chosen to lead the new office in Japan.
UBS Expands Tokenization Horizons with Ethereum-Based Money Market Fund
UBS is extending Project Guardian, a blockchain initiative, with the aim of improving market liquidity and making it more accessible to participants.
Is October a Bullish Month for Bitcoin? What Do Historical Data Say? Analyst Pointed to $40,000 for BTC!
Bitcoin rose to its highest level since August 17, surpassing $28,000. The month of October, also known as "Uptober," began with BTC increasing by over 4% in the last 24 hours.
‘Verified Satoshi’ Handle on X Triggers Debate Among Bitcoin Circles, Elon Musk Called to Act
The presence of a verified Twitter account with the handle "@satoshi" is generating controversy in the Bitcoin community, with some people urging Elon Musk to remove its verified status. The account, created in 2018, is causing debate and attracting attention from Bitcoin influencers.
Space and Time Integrates Proof of SQL with Chainlink for Unprecedented Data Verification
Space and Time has announced the native integration of its Proof of SQL platform with Chainlink, a leading Web3 services platform, bringing together the benefits of blockchain and artificial intelligence. This groundbreaking move will enhance the integration and functionality of both technologies.
ELI5:50 Explaining crypto liquidations - The world of spot and futures crypto purchases
This article aims to explain the terms 'spot' and 'futures' in simple terms by using a school fair analogy, helping readers understand their significance in the crypto market and how they relate to liquidations.
Short-Sellers Get Rekt as Bitcoin Surges Past $28,000 Mark
In the past 24 hours, Bitcoin broke past the $28,000 mark, leading to the liquidation of over $100 million worth of short positions. This marks a significant change after almost a month of Bitcoin's value remaining below this threshold, creating some pressure on the cryptocurrency market in October.
Powell's Speech is Expected on Bitcoin! What time will he speak? Here are the Details…
Investors were focused on the potential continuation of Bitcoin's rise, but their attention shifted to Federal Reserve Chairman Jerome Powell's upcoming speech. For more information on Powell's speech and its implications for Bitcoin, click the provided link.
Crypto Market Overview: What Happened In September?
September brought renewed hope and optimism for crypto investors, as many of the underperforming assets from August experienced a turnaround and regained momentum. This positive trend in September reversed the disappointing results seen in the previous month.
Here’s When Former Celsius CEO Mashinsky Is Officially Headed To Trial
Sam Bankman-Fried is commencing his court proceedings while a trial date has been set for Alex Mashinsky from Celsius.
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
The Department of Justice (DOJ) is seeking to limit arguments made by Sam Bankman-Fried (SBF) in his criminal case regarding financial regulations. Prosecutors argue that SBF should not be able to claim innocence based on the lack of regulation in cryptocurrency exchanges and that his compliance should not be used as a defense.
Bitcoin As A Foundation For Community Building
This description highlights the significance of community in addressing issues, exemplified by the recent wildfires in Portugal. It raises the question of whether Bitcoin can serve as a basis for rebuilding fragmented communities.
Microsoft Ventures into Nuclear Energy to Power AI Development
Microsoft is exploring nuclear energy to meet the demands of its AI and cloud computing services, as evidenced by a job posting for a Principal Program Manager in Nuclear Technology. The focus of this role will be developing an energy strategy using small modular reactors (SMRs) and microreactors, which raises concerns about the environmental and logistical issues surrounding nuclear energy.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs plans to introduce a Launch Incentives Program worth $20 million to support the transition to dYdX v4 and encourage users to migrate to the new dYdX Chain. The program includes pre-launch and post-launch strategies and governance proposals to ensure transparency and community involvement in the distribution of DYDX rewards.
XRP Holders Rejoice as Ripple Places Ad at English Premier League
The unconventional ad placement by Ripple has generated excitement among the enthusiastic XRP community, with prominent crypto influencer Amelie highlighting the advertisement at an English Premier League (EPL) event in a recent tweet.
Ether futures ETFs fail to impress: K33 advises rotating back to bitcoin
Ether futures ETFs were launched on Monday, but they have not generated much interest and only account for 0.2% of the launch volume of bitcoin futures ETFs in 2021.
"Shameful"- Elon Musk On Canada's Step to Censor Online Streaming Services
Elon Musk, owner of X, criticized the Canadian government's recent decision to require online streaming services to register with them. The decision was made by the Canadian Radio-television and Telecommunications Commission (CRTC).
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia is moving forward with its Digital GEL Pilot Project, which aims to explore Central Bank Digital Currency (CBDC) technology. Ripple Labs, Inc. and eight other technology firms have been shortlisted for potential collaboration, aligning with the global trend of modernizing financial infrastructures for the digital economy.
Opening arguments begin in Sam Bankman-Fried trial
Former FTX CEO Sam Bankman-Fried is on trial for alleged fraud, with prosecutors claiming that he used customer funds for personal gain and lied about the exchange's financial situation. Bankman-Fried's defense argues that he acted in good faith and is not guilty of the charges.
IMF paper proposes framework to assess systemic risk from crypto assets
The IMF has published a paper outlining a framework for monitoring the risks associated with cryptocurrency assets at a global level. The proposed framework aims to provide a comprehensive system for tracking and identifying potential threats to financial stability.
CFTC Chairman Speaks About DeFi
CFTC Chairman Rostin Behnam expressed the importance of supervising and regulating the DeFi sector. He emphasized the need for oversight in order to ensure a safe and secure environment for participants in decentralized finance.
Biggest Movers: MATIC Moves to Highest Point Since August
Polygon (MATIC) experienced a significant surge, reaching its highest point since August, despite most cryptocurrencies consolidating after recent declines. XRP also saw notable gains on Wednesday.
Crowdfunding Site BackerKit Bans AI-Generated Imagery from Campaigns
BackerKit, a platform used for crowdfunding campaigns, has recently announced that it will ban campaigns using generative AI to create images. This decision is based on concerns over copyright infringement and fair compensation for artists involved in the creation process.
‘Is BlackRock Looking Into Cardano?’ Discusses Crypto Twitter
Major news platform Altcoin Daily tweeted about the possibility of BlackRock exploring Cardano, leading to optimistic reactions within the crypto community on Twitter. The potential collaboration resonated positively among users, highlighting the interest in such a partnership.
Crypto Exchange Listing and Delisting Announcements: October 2, 2023
This is a weekly compilation of digital asset listing and delisting announcements by crypto exchanges. It asks for any additional information about new listings or delistings.
Solana Price Prediction as SOL Jumps 20% - Could TGC Token Pump Next?
The price of Solana has risen by more than 20% in the past week, reaching its highest level in 2023. This has led to speculation about the possibility of a new larger rally, as other top cryptocurrencies are also experiencing similar trends.