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Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence
[Nov 2, 2023 6:24 PM] Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening…
OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador
[Nov 2, 2023 4:00 PM] An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI)…
Analyst Raises Red Flag On Bitcoin Rally, Predicts Imminent Retreat After 35% Spike
[Nov 2, 2023 3:00 PM] As Bitcoin (BTC) continues to consolidate above the $34,000 mark, aiming to surpass and reclaim its yearly high, theories suggest that a retracement may follow the current upward spike in the coming weeks. On this matter, the renowned crypto…
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
[Nov 2, 2023 2:00 PM] Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s…
October’s NFT Market Contracts Over 21%, With Ethereum’s Share Shrinking by $35 Million
Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
4 signs Bitcoin is starting its next bull run
[Nov 2, 2023 8:20 AM] Here are four factors supporting the argument for an upcoming Bitcoin bull run as BTC price breaks above $35,000, an 18-month high.
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…
'Santa Rally' Could Propel Bitcoin to $56K by Year-End, Matrixport Says
[Nov 2, 2023 5:01 AM] "Bitcoin continues to offer upside potential, and a +65% year-end rally would lift prices back to $56,000,” Thielen added.
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…
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…
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…
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…
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…
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…
Blockchain Governance — A Look at the Top 5 DAO Treasuries in 2023
[Oct 31, 2023 11:30 PM] Over seven years ago, on April 30, 2016, the first decentralized autonomous organization (DAO) emerged, marking a significant shift in the digital world. However, just three months later, a cyberattack brought it down, leading to its unfortunate…
Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner
[Oct 31, 2023 9:30 PM] America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock…
Floki Inu (FLOKI) Claps Back: Counters Bitget’s Claim Of Breaching 7-Day Listing Deadline
[Oct 31, 2023 8:00 PM] Recently, the cryptocurrency community has witnessed a heated dispute between the protocol Floki Inu (FLOKI) and the crypto exchange Bitget. The controversy arose following Bitget’s listing of TokenFi (TOKEN) and subsequent accusations of…