Long and short positions, explained
Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.
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House Republicans urge tighter export controls on advanced chips
The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation.
Elon Musk’s X platform faces backlash over XRP account suspension
Crypto Eri, a prominent figure in the cryptocurrency community, contacted Elon Musk on X, seeking clarification about the account suspension.
X's 'everything app' push continues as Elon Musk tests video game streaming
During his stream, Elon Musk said that X has plans to integrate streaming services with Xbox and PS5, but has no plans of trying to be better than specialised streaming platforms.
Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more...
Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team.
Sam Bankman-Fried goes on trial: A week in review
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing.
September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined
September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.
3 reasons why Solana (SOL) price is up this week
Solana price staged a double-digit recovery since September and a portion of the move was caused by improving fundamentals.
Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer.
Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang
FTX’s former chief technology officer reportedly claimed in court that then-CEO Sam Bankman-Fried authorized Alameda Research’s account to trade more funds than it had available.
Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox
Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space.
CFTC weighs enforcement action against former Voyager Digital CEO: Report
Following the lending firm's bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery.
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.
Taiwan aims for crypto law by November: Report
Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023.
CoinShares’ crypto venture Komainu wins crypto registration in UK
Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
Snapchat warned by UK data watchdog over AI chatbot risks
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify and address its privacy risks.
Rise of Ethereum staking came at cost of higher centralization: JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve.
ConsenSys exec on MetaMask Snaps security: ‘Consent is king’
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps.
First Look: Art gallery in Dubai to educate artists on NFTs, Web3
37xDubai founder Danilo Carlucci said the gallery uses NFTs based on the Tree of Life art display as its membership token.
Binance spot market share drops for 7th consecutive month: Report
Binance’s lost spot trading volume has been reportedly distributed among exchanges like HTX (formerly Huobi), Bybit and DigiFinex.
Bitcoin bulls keep pressure on $28K while calls for BTC price dip grow
Bitcoin is being treated with suspicion on short timeframes, with repeated pushes into resistance met with rejection.
UNESCO and Netherlands design AI supervision project for the EU
The United Nations Educational, Scientific and Cultural Organization and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area.
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024.
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards.
UK must loosen KYC demands for crypto to outpace US in Web3 — Think tank
Policy Exchange published its report on Web3 containing 10 proposals for the U.K. government.
European regulator publishes second consultation on MiCA
The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.
THORSwap goes into 'maintenance mode' to counter illicit funds movement
THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.
Canadian regulatory body clarifies stablecoin rules for exchanges and issuers
The umbrella organization for Canada’s securities regulators has set conditions for trading and issuing stablecoins.