Jack Dorsey Contributes $1M to Kickstart Guaranteed Basic Income Pilot in St. Louis
Jack Dorsey, co-founder of Twitter and current CEO of Square Inc., is contributing $1 million to support the launch of a pilot program for guaranteed basic income in his hometown of St. Louis, Missouri. According to the city, applicants will be…
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich.
Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse
Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.
SOL Price Prediction: Will Correction Trend Push Solana Under $20?
Solana is correcting gains from the $25 resistance against the US Dollar. SOL price could accelerate lower if there is a break below the $21 support. SOL price started a fresh decline after it failed to clear the $25 resistance against the US…
Ethereum Price Plunge Imminent as Key Support Line Collapses
Ethereum price is moving lower toward the $1,500 support against the US dollar. ETH could correct higher, but upsides might be limited above $1,565. Ethereum is struggling to start a recovery above $1,550. The price is trading below $1,565 and the…
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert…
Bitcoin Price Holds Ground But Upsides Turned Attractive To Bears
Bitcoin price is consolidating above the $26,550 level. BTC could correct higher, but upsides might be capped near the $27,400 and $27,500 resistance levels. Bitcoin is finding bids near the $26,550 level. The price is trading below $27,200 and the…
Trader Loses $107,000 To MEV Bot Panic Selling Obscure Stablecoin
Lookonchain, a blockchain tracking platform, now reveals that one stablecoin holder lost over $100,000 after panic selling USDR, a stablecoin issued on the Polygon network, for zero USDC after it depegged on October 11. The stablecoin holder…
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted…
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…
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…
Coinbase Executive Urges Congress to Pass ‘Sensible’ Crypto Legislation Swiftly as Middle East Conflict Escalates
Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in…
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…
US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement
Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the Trader…
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…
Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX
The claims include allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store’s “name, goodwill, and brand recognition.”
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.
As the U.S. crypto exchange called the recent IRS proposal for taxing crypto “incomprehensible,” the tax agency flagged that the industry isn’t paying its fair share.
Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the cause.
Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.______________________________________________________________So, some…
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…
It ‘Felt Good’ to Come Clean — Caroline Ellison Reveals Intricacies of FTX Operations in Court Testimony
In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew Russell Lee…
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