Coinbase continues push to compel SEC to act on crypto rulemaking petition
Coinbase’s Chief Legal Officer Paul Grewal has once again called for a mandamus to compel the SEC to respond to the firm’s crypto rulemaking petition.
Posts published on October 13, 2023 go to media archive 1/3
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns…
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand…
BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial
The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom. Prince’s appearance provided valuable insights into the…
Bitcoin Path To $70,000? Analyst Shows What This ‘Head And Shoulders’ Pattern Reveals
Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation and predictions about its future trajectory. Acclaimed cryptocurrency trader, known as Mags on the X (formerly known…
Mastercard Demonstrates New Solution for CBDC Tokenization
Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with…
SEC reportedly wont appeal court decision on Grayscale Bitcoin ETF
If true, the SEC will need to review and make a decision on Grayscale's spot Bitcoin ETF application. If denied, Grayscale could appeal the decision.
What To Expect If Historical Bitcoin Halving Cycles Repeat
It’s been quite a bearish week for Bitcoin, as the crypto has fallen around 3% since the beginning of the week. Price action, in particular, has had Bitcoin struggling to break above $27,000, indicating a potential risk of more losses below…
China Opens Digital Yuan Park in Shenzhen
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…
This Trader Is On The Brink Of Losing Money, Will Selling WBTC On Aave V2 Help?
A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, including Ethereum and OP Mainnet, has begun selling wrapped Bitcoin (WBTC) to repay outstanding debt, records on October 13 reveal. WBTC is a tokenized version…
SEC Will Not Appeal Grayscale's Court Win Over Spot Bitcoin ETF Conversion
In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided not to appeal a recent court decision favoring Grayscale Investments' Bitcoin ETF conversion plans, according to a report by Reuters. The decision, which…
Caroline Ellison desired to step down but feared a bank run on FTX
Former Alameda CEO Caroline Ellison recognized she wasn't doing a good job months before the company filed for bankruptcy, but Sam Bankman-Fried persuaded her to stay.
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials.
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
Cardano (ADA) Addresses In Loss Rise Over 94%, Is It Time To Jump Ship?
Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing down at the moment. Data has shown that at its current price, the majority of Cardano holders are losing money, further showing the state of the…
Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers
On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap…
Bitcoin Price Rally On The Horizon? BTC Spot ETFs May Get The Green Light Today
In what could be a pivotal day for the Bitcoin price, the last day for the US Securities and Exchange Commission (SEC) to appeal the Grayscale Bitcoin (BTC) spot Exchange-Traded Funds (ETF) decision is approaching, and the crypto community is…
Microsoft's Activision buy may see more metaverse in the office and crypto in gaming
More signs say the acquisition will boost metaverse applications in business than in gaming as CEO Nadella talks about productivity and metaverse enthusiast Kotick leaves Activision.
Price analysis 10/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC
Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions?
European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined
EU securities regulators have their eyes on DeFi, and the top 100 DeFi tokens had mixed price action over the past week, with most trading in a tight range.
Is Hamas Using Crypto to Attack Israel? We Don’t Know
Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression.
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up…
Man Makes A Fortune With $22 In Bitcoin: 3 Altcoins For October 2023 That Can Do This
Bitcoin’s history is filled with stories of people who put small, disposable amounts of money into the crypto and ended up making a fortune. This has been no different from the case of one Norwegian man, whose throwaway $22 Bitcoin investment has…
Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test
The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.
Ethereum price drops to a 7-month low as data points to more downside
ETH price is at risk of trading below a key price support, and multiple data points point to a bearish outlook for the altcoin’s price.
Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill
The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort from Sen. Elizabeth Warren…
Piecing Together The Pre-History Of Bitcoin With Aaron van Wirdum's 'The Genesis Book'
“Contrary to popular belief, Bitcoin did not appear out of nothing. For decades prior to Satoshi Nakamoto introducing his invention, a diverse group of computer scientists, privacy activists, and heterodox economists tried to create a digital form…
SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies
BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.