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Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request
[Nov 2, 2023 8:00 AM] After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that…
SUSHI and BDX Spearhead Market Surge as 2 Dozen Cryptos Witness Double-Digit Gains
[Nov 2, 2023 6:30 AM] On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen…
Microstrategy Expands Bitcoin Trove, Total Holdings Now Stand at 158,400 BTC
[Nov 2, 2023 6:00 AM] Microstrategy reported a 3.3% increase in total revenues to $129.5 million in the third quarter of 2023, even as the company took impairment losses of $33.6 million on its bitcoin holdings, according to the firm’s latest financial…
UK's National Crime-Fighting Agency Seeks Six Crypto Investigators
[Nov 2, 2023 5:02 AM] A crime bill passed last week gives law enforcement agencies more powers to seize and freeze crypto.
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
[Nov 2, 2023 4:30 AM] Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus…
Solana Welcomes November With $40 Breach – Ready For A $50 Breakthrough?
[Nov 2, 2023 4:00 AM] The first day of November marked an eventful moment in the cryptocurrency market as altcoins surged vigorously, led by impressive gains of Solana. This rally in Solana’s value set the tone for a day where altcoins gained significant traction…
Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024
[Nov 2, 2023 1:30 AM] The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of…
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
SafeMoon Executives Face DOJ Arrests And SEC Charges – SFM Plummets More Than 50%
[Nov 1, 2023 8:00 PM] The US Securities and Exchange Commission (SEC) recently announced charges against SafeMoon, its creator Kyle Nagy, the company’s CEO, John Karony, and CTO, Thomas Smith. The SEC alleges that these individuals orchestrated a “massive…
Analyst Predicts Bitcoin Price Rising to $150,000 by 2025 — ‘Imminent’ Approval of Spot Bitcoin ETFs Expected
Billionaire Stan Druckenmiller: I Don’t Own Bitcoin but I Should
BNB Chain Q3 Revenue Takes A Hit: Fees Plummet By 40%
[Nov 1, 2023 4:00 PM] In a recent report by Messari, the analysis sheds light on the developments and challenges faced by Binance Chain (BNB), the blockchain created by Binance, the world’s largest cryptocurrency exchange regarding trading volume. The report…
Coinbase Launches Leveraged Crypto Futures for US Traders With Nano-Sized BTC and ETH Contracts
[Nov 1, 2023 3:30 PM] Coinbase Financial Markets (CFM) introduced regulated leveraged crypto futures for its U.S. customers Wednesday, now available to Coinbase Advanced users. The trading platform currently offers nano-sized contracts at one-hundredth of a bitcoin and…
November To Witness Over $450M In Token Unlocks: Aptos And Avalanche Take The Lead
[Nov 1, 2023 3:00 PM] The crypto market is set to experience significant token unlocks in November, with projects such as Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) leading the way. These unlocks are anticipated to release more than $320 million worth of tokens…
Bitcoin Network Shatters Records With Hashrate Climbing to 464 EH/s
[Nov 1, 2023 1:30 PM] While the price of Bitcoin has found stability, and the network’s difficulty remains fixed at 62.46 trillion until November 12, 2023, a different story unfolds in the hashrate department. Here, the seven-day average showcases a…
XRP Ledger Market Cap Soars On Regulatory Success: 59% YTD Growth Achieved
[Nov 1, 2023 1:00 PM] The XRP Ledger (XRPL), a decentralized public blockchain developed by David Schwartz, CTO of Ripple Labs, has continued to evolve and show growth in the third quarter (Q3) of 2023, as highlighted in a recent report by Messari. The XRPL…
Safemoon Founders Indicted for Fraudulently Diverting Investor Funds
[Nov 1, 2023 11:31 AM] The founders of cryptocurrency Safemoon have been indicted on charges of securities fraud, wire fraud, and money laundering related to the alleged misappropriation of millions of dollars of investor funds. Braden John Karony, Kyle Nagy, and Thomas…
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
[Nov 1, 2023 10:00 AM] On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in surplus…
XRP Price Prediction: Crypto Analyst Says Price Will Jump To $0.9
[Nov 1, 2023 8:00 AM] XRP price predictions continue to make the rounds, and one of the latest price predictions happens to be that of prominent crypto analyst CrediBULL Crypto, who recently gave a comprehensive analysis of the token’s future trajectory. How XRP Price…
Onyx Protocol Suffers $2.1M Loss in Defi Breach, Fraction of Funds Redirected to Tornado Cash
[Nov 1, 2023 8:00 AM] Multiple sources have confirmed that Onyx Protocol, a decentralized finance (defi) platform, has been compromised in a security breach, resulting in a loss of $2.1 million. In the wake of this attack, a fraction of the stolen crypto assets…
PayPal UK Unit Registers as Crypto Service Provider
[Nov 1, 2023 7:33 AM] The payments firm will now be able to offer services and approve crypto-related communications in the country.
Bitcoin, Ethereum Technical Analysis: Market Holds Its Breath for Fed’s Upcoming Policy Decision
[Nov 1, 2023 6:00 AM] As November 2023 unfolds, the crypto economy is buzzing with market activity, showcasing a striking performance from bitcoin (BTC) alongside a steady progression from ethereum (ETH). Crypto markets are calm and consolidated at the moment, as market…
Metamask and Blockaid Unite to Fortify Web3 Security With Security Alerts
[Nov 1, 2023 5:30 AM] In a recent development, Metamask, a self-custody Web3 platform developed by Consensys, has partnered with Blockaid, a Web3 security provider. The collaboration aims to integrate security alerts within the Metamask extension in order to enhance the…
Upcoming UK Rules for Crypto Ad Approvers Spell Uncertainty for Industry
[Nov 1, 2023 5:02 AM] Those approving ads for other crypto companies are already facing regulatory scrutiny – and will soon need new permissions to continue.
CFTC Awards $16M to U.S. Whistleblowers; Most Tips Were Crypto-Related
[Nov 1, 2023 4:28 AM] Crypto continues to have pervasive fraud and other illegality, Commissioner Christy Goldsmith Romero said.
'Bruno Brock', Founder of Oyster Pearl, Gets Four Year Jail Term for Tax Evasion
[Nov 1, 2023 1:55 AM] Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.
THORChain Beats Rivals In Top 100 Coin Rankings With 34% Rally – How RUNE Did It
[Nov 1, 2023 1:30 AM] Over the past week, the market has exhibited a pattern of lateral movement, particularly noticeable in the top cryptocurrencies which have shown a downtrend in their pricing. Notably, THORChain has emerged as the standout performer, demonstrating…
Brazilian Tax Authority Acknowledges ‘Vertiginous Growth’ of Stablecoin Trading
[Nov 1, 2023 1:30 AM] The Brazilian Tax Authority (RBF) recently published an article acknowledging the growth in stablecoin trading in the country, which has taken the Brazilian cryptocurrency market by storm. The most transacted stablecoin is Tether’s USDT…