CFTC Files Lawsuit Against Voyager Digital And Former CEO For Fraud

The US Commodity Futures Trading Commission (CFTC) has taken legal action against Voyager Digital and its former CEO, Stephen Ehrlich.  The CFTC filed a complaint in the US District Court for the Southern District of New York, alleging fraud and registration failures related to the operation of the Voyager digital asset platform and an unregistered …

Analyst Expects The Worst For Bitcoin: Will Bears Force Prices To $17,000?

Taking to X on October 12, Zoran Kole, a trader, said reasonable bids for Bitcoin stand at around $17,000 and $18,000. Though Kole didn’t provide timelines for retraining these levels, the prediction means the coin could slide 35% to around December 2022 territory if the prediction comes true. BTC bids at between $17,000 and $18,000| Source: …

Standard Chartered Says Ethereum Price Can Reach $35,000, Here’s When

Ethereum has struggled alongside Bitcoin through the current bear market climate but this has not stopped bullish predictions for the digital asset. The most recent bullish prediction comes from British multinational bank Standard Chartered which believes that the Ethereum price could climb higher than  $8,000. Factors That Could Trigger The Rise Geoff Kendrick, Head of …

Arbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An ARB Trade

Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered a substantial loss nearing half a million recently. Arca’s Arbitrum Shipment to Binance Lookonchain reported earlier today that Arca transferred roughly 1.49 million ARB tokens …

US Mega Bank JPMorgan Predicts Harsh Drop In This Bitcoin Metric

In a recent research report from JPMorgan, the financial firm has predicted a harsh drop for one Bitcoin metric, forecasting a potential decline of the Bitcoin Network Hash Rate by 20% leading up to the Bitcoin halving in April 2024. JPMorgan Expects Bitcoin Hash Rate To Drop In the report, JPMorgan stated that the Bitcoin …

US senators draft NO FAKES bill to ban unauthorized AI copycats

The proposed act came just hours after talks broke down between actors and Hollywood studios, with AI replicas a major friction point in negotiations. Local News Join us on social networks Unauthorized artificial intelligence-powered recreations of people’s voices and images would be banned under a proposed bill by a bipartisan group of United States senators. …

DOJ charges exec over ‘cherry picking’ scheme involving crypto futures

The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts. News Join us on social networks The former CEO of a Miami-based investment firm has pled guilty to a conspiracy to commit commodities fraud involving crypto futures contracts and …

Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

A stablecoin built on layer-2 scaling solution Polygon (MATIC) and backed by real estate assets has lost nearly half of its value after depegging from the US dollar (USD). In a lengthy message on the social media platform X, Tangible, the decentralized autonomous organization (DAO) behind Real USD (USDR), says that the crypto asset has …

NFTs aren’t dead — they’re just resting

The market for nonfungible tokens (NFTs) might be struggling during this “NFT Winter,” but there are signs of life if you know where to look. Opinion Join us on social networks Headlines predicting the death of Bitcoin are nothing new. Over the past decade, we’ve seen every permutation of why “Bitcoin is dead” imaginable, yet …

BitVM’s goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev

Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet. Interview Join us on social networks One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network. …

House committee chairman threatens SEC chair with subpoena, but not over crypto

U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling. News Join us on social networks James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. He wrote in …

Stocks fall, yields rise as inflation data comes in hotter than expected

The stock market declined on Oct. 12 as the US BLS released new data showing prices rose faster than expected. Vintage Finance Join us on social networks Stocks fell in the United States on Oct. 12 as newly released inflation data overshot expectations. The Dow Jones Industrial Average fell by 173.73 points (0.51%) to 33,631.14. …

MetaMask expands crypto on-ramp options with Stripe integration

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Google rolls out in-search AI text-to-image generator for select users

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Voyager settles with FTC for $1.65B while CFTC charges former CEO with fraud

The U.S. Federal Trade Commission (FTC) announced on Oct. 12 that it has reached a settlement with the failed crypto lending company Voyager Digital. The FTC complained that Voyager falsely advertised U.S. dollar holdings as FDIC-insured, promised customers that their deposits were held safely, and offered incentives for converting crypto to USDC. However, Voyager’s customers …

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