Monthly archives: October 2023

What FTX listed as its “Insurance Fund” was actually a fake amount calculated with the help of a random number generator, according to court testimony from the exchange’s co-founder, Gary Wang. A transcript of the court proceedings provided by BitMEX Research indicates Wang was questioned about the supposed insurance fund last week during former FTX …

Continue reading “FTX’s ‘Insurance Fund’ Was an Arbitrary, Made-Up Number, According to Co-Founder Gary Wang: Report”

A widely followed crypto analyst is doubling down on his prediction for Ethereum (ETH), the top smart contract platform by market cap. In a new strategy session, crypto analyst Benjamin Cowen tells his 787,000 YouTube subscribers that Ethereum is likely to collapse by the end of the year. “I think Ethereum returns home before it goes …

Continue reading “Benjamin Cowen Doubles Down on Ethereum Call, Says Big ETH Collapse By End of the Year Most Likely Outcome”

Blockchain research firm Elliptic says the amount of funds laundered through cross-chain and cross-asset services reached a ten-figure sum in July this year. In a new press release, Elliptic says that cross-chain crime is exceeding expectations after hitting the $7 billion level a couple of months ago, higher than the previously projected $6.5 billion figure …

Continue reading “$7,000,000,000 in Illicit or High-Risk Funds Laundered Through Cross-Chain Protocols: Crypto Analytics Firm”

The world’s largest crypto exchange by trading volume, Binance, is announcing plans to list a new altcoin built within the interoperable blockchain ecosystem Cosmos (ATOM). According to a new announcement, Binance is planning to list Neutron (NTRN), a project that aims to be a  “cross-chain smart-contracting platform.” As stated by Binance, “Neutron allows developers to easily …

Continue reading “Crypto Exchange Binance To List New Low-Cap Altcoin Project Built on Cosmos (ATOM)”

BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. Markets News Join us on social networks Love him or hate him, when Arthur Hayes speaks, people listen.  Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price …

Continue reading “Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes”

On the final day of his testimony, FTX co-founder Wang discussed talking to the feds and his interpretation of the “FTX is fine” tweet. News Join us on social networks Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former …

Continue reading “FTX co-founder Wang discusses plea deal, knowledge of financial concepts at SBF trial”

A new update to Ethereum (ETH) competitor Solana (SOL) has enabled confidential transfers for the project’s token standard. Solana’s network of validators was able to reach a supermajority, approving the adoption of Solana’s v1.16 update after nearly 10 months of development and testing. The update includes the rollout of confidential transfers for SPL tokens, the …

Continue reading “New Solana (SOL) Update Brings ‘Confidential Transfers’ for Increased User Privacy”

Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022. Breaking news Join us on social networks Former FTX CEO Sam “SBF” Bankman-Fried watched from the defense table as his former business associate and girlfriend, Caroline Ellison, testified at his …

Continue reading “Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial”

Both broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism. Innovation Circle Join us on social networks With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, …

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The Financial Conduct Authority’s marketing requirements for crypto firms went into effect on Oct. 8, requiring some to partner with local companies for compliance. News Join us on social networks The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with which crypto exchange Binance partnered …

Continue reading “UK financial watchdog restricts Binance partner from issuing crypto ads”

Asian and European stocks registered a bullish surge on Tuesday owing to the Fed’s hawkish outlook on interest rates. Vintage Finance Join us on social networks Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite. Another major factor that played a key role in the bullish resurgence …

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BTC Bitcoin traded flat last week with a move of around 0.20% lower to trade below $28,000, but dipped 500 points further on Monday. Risk assets have been struggling in the last two weeks after strong U.S. economic data led to surging U.S. treasury yields to levels not seen since 2007. However, the weekend also …

Continue reading “Bitcoin Turns Bearish as Risk Assets Dip on Middle East War, BNB, XRP, DOGE, Oct.9”