• Markets

    Anchorage co-founder sees ‘tons of opportunity’ as it expands into Asia

    Anchorage Digital co-founder and president Diogo Mónica believe there is immense opportunity in Asia’s institutional investors, with the digital asset infrastructure provider on Oct. 5 announcing a “major expansion” of its platform into the region.  Speaking to Cointelegraph, Mónica said the company chose Singapore as a “jump point” into the wider Asia market as the country has become a hub for crypto companies and has a strong regulatory environment. Anchorage is currently…

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  • Markets

    SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’ – Regulation Bitcoin News

    The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to provide the CFTC with the necessary authority. SEC Chairman Gary Gensler on Crypto Regulation The issue of…

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  • Markets

    Federal regulators are preparing to pass judgment on Ethereum

    Are regulators with the U.S. Securities and Exchange Commission gearing up to take down Ethereum? Given the saber-rattling by officials — including SEC Chairman Gary Gensler — it certainly seems possible. The agency went on a crypto-regulatory spree in September. First, at its annual The SEC Speaks conference, officials promised to continue bringing enforcement actions and urged market participants to come in and register their products and services. Gensler even suggested crypto…

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  • Markets

    Three Arrows Capital fund moves over 300 NFTs to a new address

    Starry Night Capital, a nonfungible-token (NFT)-focused fund launched by the co-founders of the now-bankrupt hedge fund Three Arrows Capital (3AC), has moved over 300 NFTs out of its address, according to reports.  The Starry Night Capital was founded last year by Su Zhu and Kyle Davies, and pseudonymous NFT collector Vincent Van Dough. At the time, the fund planned to exclusively invest in “the most desired” NFTs on the market. Blockchain data…

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  • Markets

    Top US Regulators Urge Congress to Pass Legislation on Crypto Assets – Regulation Bitcoin News

    The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to grow without adherence to or being paired with appropriate regulation, including enforcement of the existing regulatory structure.”…

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  • Markets

    NFT Collection Veefriends Physical Collectibles to Debut at Macy’s and Toys’R’Us – Bitcoin News

    In recent times, non-fungible tokens (NFTs) and their physical counterparts have started to debut at well known retail stores and luxury boutiques. On October 4, the NFT project called Veefriends revealed that the team is launching its limited edition series of collectible characters exclusively at Macy’s and Toys”R”Us. Veefriends holds the 20th position in terms of all-time NFT collection sales, with approximately $240.15 million in sales since the NFT project launched. Veefriends…

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  • Markets

    Celsius’ co-founder Daniel Leon follows Mashinsky out as crypto exec flight continues

    S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend. Celsius filed for bankruptcy July 13, while it…

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  • Markets

    DataVault requests US election agency’s advice to send NFTs as a campaign fundraising incentive

    The legal team behind nonfungible token firm DataVault Holdings has requested an advisory opinion from the United States Federal Election Commission on using NFTs for fundraising efforts. In a Sept. 21 letter to FEC acting general counsel Lisa Stevenson, DataVault’s lawyers proposed sending NFTs as “souvenirs” to individuals who contributed to political committees, as well as giving the token holder the option to use it for promoting a campaign “strictly on a…

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  • Markets

    Coinbase CEO announces documentary on cryptocurrency and exchange

    Coinbase co-founder and CEO Brian Armstrong announced in a series of tweets on Oct 4 that a crypto centric documentary capturing his journey of building a tech start-up from the ground up will be available this Friday on Amazon Prime, iTunes, Youtube, and other streaming platforms. The documentary — “Coin: A Founder’s Story” — intends to pull back the curtain and show people what it’s really like to build a tech company…

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  • Markets

    M31 Capital launches $100M Web3 investment fund with $50M in commitments so far

    Crypto-focused investment firm M31 Capital has launched a new investment fund dedicated to Web3 companies, further underscoring the industry’s shift toward decentralized internet projects.  The M31 Capital Web3 Opportunity Fund will invest up to $100 million in token projects and private equity opportunities within Web3, the company announced Tuesday. Initially, the fund will invest in projects building decentralized internet infrastructure and applications. Presumably, the new investment vehicle will be a “liquid venture…

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  • Markets

    Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals – Bitcoin News

    Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training. Paramilitary Groups Employ Cryptocurrency to Fund Russian Operations in Ukraine Pro-Russian groups have reportedly raised a serious amount of cryptocurrency for Russia’s military activities in Ukraine, circumventing U.S.-led sanctions. According to…

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  • Markets

    CFTC can issue summons through Ooki DAO’s help chat box, says judge

    The United States Commodities Futures Trading Commission can serve members of the Ooki decentralized autonomous organization, or DAO, with summons through online communications, according to a federal judge. In an Oct. 3 order granting a CFTC motion, U.S. District Judge William Orrick said the commission could provide a copy of its summons and complaint through Ooki DAO’s help chat box as well as a notice on its online forum. The judge said…

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  • Markets

    Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid – Bitcoin News

    According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that Sam Bankman-Fried, the CEO and co-founder of FTX, is eyeing Celsius’ assets after winning a bid for…

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  • Markets

    Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets

    According to a new study published by the Basel Committee on Banking Supervision, a supranational organization responsible for setting the standards on bank capital, liquidity and funding, 19 out of 182 global banks supervised by the committee reported ownership of digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion .  In context, this represents 0.14% of the total risk-weighted asset composition of the 19 crypto-owning banks surveyed.…

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  • Markets

    Bitcoin miner profitability under threat as hash rate hits new all-time high

    The Bitcoin hash rate hit a new all-time high above 245 EH/s on Oct. 3, but at the same time, BTC miner profitability is near the lowest levels on record.  With prices in the low $20,000 range and the estimated network-wide cost of production at $12,140, Glassnode analysis suggests “that miners are somewhat on the cusp of acute income distress.” Bitcoin network hash rate. Source: Hashrate Index Generally, difficulty, a measure of…

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  • Markets

    Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features – CoinJournal

    Willemstad, Curaçao, 4th October, 2022, Chainwire Today, BC.GAME announces the launch of its newly redesigned website with more and better features for its players. This is one of the many efforts of BC.GAME in order to continue giving the best experience and satisfaction to its players around the world. BC.GAME Introduces a Newly Redesigned Website The main website showcases a new UI layout with a cleaner and slicker design compared to the…

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  • Markets

    NYSE Halts Twitter Trading After Report Says Elon Musk Plans to Follow Through With Acquisition – Bitcoin News

    According to reports, Tesla’s Elon Musk now plans to purchase Twitter Inc. for the original asking price of $54.20 a share. Twitter’s shares surged following the news and climbed nearly 20% higher and trading was halted twice so far. Report Claims Tesla’s Elon Musk Will Purchase Twitter at the Original Asking Price It seems Elon Musk is planning to follow through with his deal to acquire Twitter (NYSE: TWTR) after he wanted…

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  • Markets

    AllStars Digital, Aurora Labs partner on sports trading

    AllStars Digital is looking to leverage Aurora Labs’ blockchain technology solutions to revolutionise crypto trading of assets based on real-life performances of sports stars, including in football, cricket, basketball and e-sports. AllStars Digital (ASD), a digital sports exchange for the tokenisation of sports-based alternative assets, wants to accelerate adoption of sports-based crypto trading. To achieve this, the platform has struck a partnership with blockchain technology solutions provider Aurora Labs, a deal poised…

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  • Markets

    Polygon’s MATIC/USD recovers support. What next?

    Polygon’s native token MATIC has gained by 8.00%, underlining solid recovery. Brokerage firm Robinhood said it would launch its Web3 wallet on Polygon Bulls are in control, but it remains to be seen of price action at $0.90 and trendline Polygon’s MATIC/USD could be back to winning ways if the latest gains are to go by. As of press time, MATIC had added 8.00% and looked increasingly bullish. There has been a…

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  • Markets

    What’s the bullish case for BNB as token initiates recovery?

    Binance has announced a string of developments in a bid for global expansion BNB is recovering amid positive development The upside looks sustainable, but BNB faces resistance at $300 Binance BNB/USD trades at $291, recovering from the September bottom of $260. As of press time, BNB had gained 2.12% in a day amid small recoveries in the broader crypto sector. The gains come when Binance is scoring major wins in global expansion.…

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  • Markets

    Mastercard Debuts Blockchain Surveillance Tool for Banks and Crypto-Centric Card Issuers – Bitcoin News

    On Tuesday, the multinational financial services corporation Mastercard revealed that it is launching a new crypto monitoring product called Crypto Secure. The Crypto Secure software aims to leverage artificial intelligence (AI) algorithms in order to help banks and crypto-centric debit card issuers identify fraudulent crypto transactions. Mastercard, Ciphertrace Introduce New Crypto Monitoring Product Called Crypto Secure Mastercard (NYSE: MA) has introduced a new piece of software that leverages blockchain surveillance tactics and…

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  • Markets

    Shiba Inu SHIB/USD continues to struggle. Here is what could happen next

    Shiba Inu is consolidating amid bearish pressure A delay in important network updates is holding back SHIB The token is at a level of indecision and could trade either way Shiba Inu SHIB/USD is locked in a consolidation, currently exchanging for $0.00001122. The price represents a dismal 1.4% increase in the past day. Significant fundamental developments are holding back the price of the canine-themed crypto. Pressure is mounting over the official deployment…

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  • Markets

    European Parliament members vote in favor of crypto and blockchain tax policies

    Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on cryptocurrencies. In an Oct. 4 notice, the European Parliament said 566 out of 705 members voted in favor of the resolution originally drafted by member Lídia Pereira. According to the legislative body, the resolution recommended authorities in its 27 member states consider a “simplified…

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  • Markets

    If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report

    On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market. To kick things off, we break down the latest news in the markets this week: BTC price still not at ‘max pain’ Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just…

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  • Markets

    Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10% – Market Updates Bitcoin News

    Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in the green, as the token surged for a second straight day, rising by almost 10% in the process. Overall, the global crypto market cap is up 3.06% as of writing. Polygon (MATIC) Polygon (MATIC) was one of Tuesday’s big movers, as the token climbed to a three-week high following yesterday’s false breakout.…

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  • Markets

    Grayscale Bitcoin Trust terminates material agreements with Genesis

    According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale in the distribution and marketing of the latter’s shares. Second, from Oct. 3 onwards, Genesis will no longer be an authorized participant of the trust but will continue to serve as a liquidity provider for Grayscale. The two agreements previously came…

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  • Markets

    What is PoW Ethereum (ETHW), and how does it work?

    Ethereum blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism on Sept. 15, 2022. Along with this move, ETHPoW, a distinct PoW blockchain (basically the old pre-Merge Ethereum) forked from Ethereum’s Merge, became live. This forked version of Ethereum aims to maintain the proof-of-work mining process for ETH miners. Any miner is permitted to add a block to the PoW network with the clear stipulation that the first valid…

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  • Markets

    Circle builds first PoC to eliminate data sharing

    Circle Internet Financial has developed the world’s flagship proof-of-concept for “know your business” (KYB) verification in cooperation with Archblock, Parallel Markets, and MetaMask Institutional.  It was created using Verite for digital identity credentials, Coin Journal learned from a press release.  Easily stored in crypto wallet  Verite credentials are easy to store, portable, and interoperable. These decentralized, privacy-preserving credentials do away with the need to share personal data.  Users have full control over how…

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  • Markets

    Is payments giant SWIFT preparing for a blockchain-bound future?

    SWIFT is a payments colossus. It operates across more than 200 countries, has 11,000-plus financial institution clients and transmits some 8.4 billion financial messages every year. It is the global leader in cross-border bank-to-bank payments and recently played a key role in the West’s economic sanctions on Russia.  That doesn’t mean the Belgium-based cooperative is immune to disruption tremors, however. Critics have long maintained the interbank messaging system, founded in the 1970s,…

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  • Markets

    What to consider when choosing a crypto casino to play

    More and more people around the world have become interested in playing at online casinos in one way or another. This new surge in interest has been driven by many different things, such as the increased number of opportunities and the increase in time spent at home. At the same time, cryptocurrencies have been gathering more and more attention from people. This is one thing that has also been noticed in the…

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  • Markets

    Wall Street disaster expert Bill Noble: Crypto spring is inevitable – Cointelegraph Magazine

    In another reality, Bill Noble would be just another guy in a suit behind a big desk at the Fed or the SEC, probably murmuring negative incantations like “crypto is bad.” He’s certainly got the track record for it: JP Morgan, UBS, Morgan Stanley, Goldman Sachs. But that’s Noble in an evil mirror dimension. In our world, he is a true crypto guy, talking to me in a t-shirt with bicycles in…

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  • Markets

    UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases – Economics Bitcoin News

    The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for poorer countries, the value of all sales of goods and services is reduced by 0.8% for a…

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  • Markets

    1inch wallet users get domain names with Unstoppable Domains partnership

    Decentralized exchange aggregator 1inch has partnered with Unstoppable Domains to help users simplify cryptocurrency payments — a move the company says could strengthen wider adoption of DeFi products and services.  Under the partnership, 1inch wallet users can enter “human-readable domain names” when sending crypto payments using Unstoppable’s naming service. This allows users to use customizable domain names instead of lengthy alphameric crypto wallet addresses. Like all Unstoppable Domains addresses, the wallet address…

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  • Markets

    Institutional investors showing ‘continued hesitancy’: report

    Crypto funds saw a third straight week of inbound investments last week. However, CoinShares’ James Butterfill says the low inflows suggest there’s “continued investor hesitancy.” The crypto market has struggled to tag a positive sentiment, with September again proving a tricky month for bulls as prices remained largely within a long term downtrend going back to November 2021. So while institutional investors continue to size up opportunities in the digital assets sector,…

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  • Markets

    Man and Machine: Nansen’s analytics slowly labeling worldwide wallets

    Public blockchains can be accessed and read by anyone but creating meaningful insights from this data is no mean feat. Millions of transactions are recorded across a variety of chains and layer-2 protocols, creating petabytes of data daily. Services like Google transformed the early internet, accomplishing a significant engineering task by structuring and curating millions of websites to serve simple user queries. A handful of blockchain analytics platforms are looking to do…

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  • Markets

    Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low – Market Updates Bitcoin News

    Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also up, hitting a five-day high. Bitcoin Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the U.S. dollar continued to decline versus other major…

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  • Markets

    Basel Committee crypto asset prudential treatment proposals get detailed responses

    The comments period has ended for the Basel Committee on Banking Supervision (BCBS) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022.  International financial associations had a lot to say in response to it. Several did so at once in a joint 84-page comment letter released Oct. 4. In addition, there were a few lone voices, although they did not differ significantly in content from the…

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  • Markets

    Top 3undervalued cryptocurrencies to day trade this week

    Cryptocurrency prices have remained in a consolidation phase in the past few weeks. Bitcoin has been stagnant at $20,000 while ETH has stayed at $1,300. This trend has frustrated traders who prefer highly volatile periods. Here are some of the top undervalued cryptocurrencies to trade this week. Reserve Rights Token (RSR) Reserve Rights Token or RSR is the native cryptocurrency for the Reserve ecosystem. The developers have created a stablecoin that is…

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  • Markets

    Cryptocurrency Is Losing Popularity as Investment Vehicle in US, According to Bankrate Survey – Bitcoin News

    The popularity of cryptocurrency as an investment vehicle is dwindling in the U.S., according to a survey made by Bankrate. The survey found that trust in crypto has diminished across several groups, with millennials losing 20% of their trust in the assets — more confidence lost than in the other generational groups surveyed. Investors Losing Confidence in Crypto According to Bankrate While crypto is still considered a new investment vehicle in the…

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  • Markets

    Ether exchange netflow highlights behavioral pattern of ETH whales

    The exchange netflow of Ether (ETH) over the past couple of years highlights a behavioral pattern among Ether whales that market analysts believe is done to pump the price of the second-largest cryptocurrency. The “exchange netflow” is an indicator that measures the net amount of crypto entering or exiting wallets of all centralized exchanges. The metric’s value is simply calculated by taking the difference between the exchange inflows and the exchange outflows. Data shared…

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  • Markets

    The Coorest Carbon Standard Now Officially Certified – Press release Bitcoin News

    press release PRESS RELEASE. Coorest, a Polygon-native project, is the first blockchain project to have a certified standard for carbon compensation entirely on-chain — allowing anyone with an internet connection to compensate for their carbon footprint, thereby demonstrating that the newly certified Coorest Carbon Standard (CCS) is an excellent alternative to other pre-existing standards. As a result of the new standard, all activities related to carbon compensation must be carried out through…

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  • Markets

    Latin Grammy Awards signs three-year contract for award show NFTs

    This year’s 64th Latin Grammy Awards will have its first-ever nonfungible token (NFT) collection after the Latin Recording Academy signed a three-year contract for award show-related NFTs. The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Each collection, which will lead up to that year’s award show, will include drops highlighting Latin music. According to Manuel Abud, the CEO of…

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  • Markets

    Litecoin price prediction for October 2022

    Litecoin price has been in a tight range in the past few days as the market participants waited for the next catalyst. LTC has risen in the past two straight days and is trading at $54.76, where it has been in the past few days. It remains about 19.3% below the highest level in September. Litecoin consolidation continues Litecoin had a mild performance in September even as market conditions remained volatile. In…

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  • Markets

    Bitcoin price sees first October spike above $20K as daily gains hit 5%

    Bitcoin (BTC) saw its first trip above $20,000 on Oct. 4 as traders expected familiar resistance to cap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Multi-week dollar lows fuel Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/United States dollar climbing prior to the Wall Street open, up over 5% in 24 hours. The pair had shaken off macroeconomic concerns at the start of the week, with trouble at…

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  • Markets

    McDonald’s starts to accept Bitcoin and Tether in Swiss town

    Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe.  A one-minute video of ordering food on McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter by Bitcoin Magazine on Monday, Oct. 3. The…

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  • Markets

    Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas – Mining Bitcoin News

    YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in Vaca Muerta, one of the biggest oil fields in the country, seeks to take advantage of this byproduct from the initial stages of oil well drilling. Argentine Company YPF Luz Takes Bitcoin Mining to the Oil Wells Cryptocurrency…

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  • Markets

    Bitcoin price plummets while miner hash rate soars to all-time highs

    Bitcoin miners can’t stop, won’t stop. The Bitcoin (BTC) hash rate continues to surge to new all-time highs, despite a heavy price drawdown.  The Bitcoin mining hash rate peaked at 258 exahashes per second (EH/s) on Oct. 4, according to Braiins Insights, a mining data tools and metrics company. Although the Bitcoin price is down 58% year-to-date against the dollar, the mining hash rate is up 43%. The past 3 months Hashrate.…

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  • Markets

    Ethereum Towers launches apartment NFT mint for non-gamers

    Ethereum Towers, a vertical, community-centric megastructure comprised of almost 4,000 NFT apartments, announced an apartment NFT mint tomorrow, October 5, Coin Journal learned from a press release. The megastructure is set in the Ethereum Worlds Metaverse.   Enjoying metaverse creativity   Ethereum Towers is a social platform created for everyone who wants to enjoy the metaverse’s creativity but doesn’t want to deal with its complexities.  Users can create, design, and furnish apartments…

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  • Markets

    Law Decoded, Sept. 26–Oct. 3: New episode of Do Kwon saga

    Terra co-founder Do Kwon, wanted by South Korean authorities, seems to live in a digital-era James Bond movie. The businessman, whose whereabouts are currently unknown, reacted via Twitter to Interpol issuing a Red Notice on him. Kwon told his followers that he calmly writes code in his living room, “making zero effort to hide.” Active on social media while facing potential arrest and prosecution in South Korea, Kwon showed his location as…

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  • Markets

    Mastercard launches new crypto fraud protection tool

    The financial service provider Mastercard will launch a new crypto service related to risk management on Tuesday Oct. 3. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms. Crypto Secure combines the usage of artificial intelligence, blockchain data and public records of crypto transactions, along with other sources, to determine crime-related risks of crypto exchanges within the Mastercard network. Mastercard already has a…

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  • Markets

    Report: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes Demand to Skyrocket – Economics Bitcoin News

    The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase in demand for the precious metal. Demand for Gold ‘Increased Exponentially’ A United Kingdom-based gold dealer, Ash…

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  • Markets

    EMAX is soaring after whopping fine on Kim Kardashian

    EthereumMax has been pushed into the spotlight after Kim Kardashian was penalized by the US Securities and Exchange Commission for promoting it.  The EMAX token is soaring as a result, having added an impressive 86% to its value in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy EMAX, this guide is for you.  Top places to buy EMAX now As…

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  • Markets

    RUNE could rally towards $2 after breaking the $1.5 psychological level

    RUNE, the native coin of the Thorchain network, has surged past the $1.5 psychological level and could be set to rally higher soon. RUNE, the native coin of the Thorchain network, is one of the best performers amongst the top 100 cryptocurrencies by market cap. RUNE has added more than 8% to its value in the last 24 hours, outperforming the broader market. The rally comes as the broader crypto market recovers…

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  • Markets

    Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil – Africa Bitcoin News

    The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank Only Sources Forex for the Government The Kenyan central bank has pushed back against remarks made by…

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  • Markets

    EGLD is up by 8% after the network’s latest mainnet upgrade

    Elrond is the best performer amongst the top 50 cryptocurrencies by market cap and could cross the $60 mark soon. EGLD, the native coin of the Elrond blockchain, is the best performer amongst the top 50 cryptocurrencies by market cap. EGLD has added more than 8% to its value in the last 24 hours, outperforming the broader market. The rally comes as the broader crypto market recovers from yesterday’s slump. The total…

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  • Markets

    Binance opens two new offices in Brazil as team doubles since March

    Changpeng Zhao (CZ) led crypto exchange Binance has opened up two offices in Brazil as the firm looks to tap the country’s emerging crypto market, with reportedly more than 34.5 million crypto users there. According to an Oct. 3 announcement, Binance has now opened offices in São Paulo and Rio de Janeiro, with more than 150 employees to be spread across the firm’s operations in Brazil. “The exchange operates in full compliance…

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  • Markets

    Samsung Latam Launches ‘House of Sam’ Metaverse Experience in Decentraland – Metaverse Bitcoin News

    Samsung Latam, the regional division of the electronics giant, has decided to present its own space in Decentraland, an Ethereum-based metaverse platform. The space, which will be named “House of Sam,” will allow users to have virtual contact with different products of the brand, and play mini-games to win Samsung-branded rewards for their avatars. Samsung Latam Dives Into the Metaverse Samsung Latam, the Latin American regional division of the electronics company, has…

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  • Markets

    Taking Yield Farming to the Next Level With Animal Farm – Sponsored Bitcoin News

    sponsored As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed. The concept of yield farming has changed the way people view savings by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols…

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  • Markets

    CoinShares’ Butterfill suggests ‘continued hesitancy’ among investors

    Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” towards crypto amongst institutional investors amid a slowdown of the U.S. economy.  In the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Coinshares head of research James Butterfill highlighted stand-offish institutional sentiment towards crypto investment products, which saw “minor inflows” for the third week in a row. “The flows remain low implying continued hesitancy…

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  • Markets

    KuCoin’s CEO said the crypto exchange prepared for the bear market

    KuCoin’s CEO Johnny Lyu revealed that the crypto exchange had prepared for the market volatility thanks to its experience in the space. Johnny Lyu, the CEO of crypto exchange KuCoin, told NASDAQ in a recent interview that the company had prepared for the cryptocurrency winter. The crypto space has been in a bearish trend for nearly a year now, with the prices of most coins down by more than 60% from their…

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  • Markets

    KuCoin is in talks to acquire some struggling crypto companies

    Crypto exchange KuCoin might be following in FTX’s footsteps after the CEO revealed that they are in talks to acquire some ailing cryptocurrency companies.  KuCoin’s CEO Johnny Lyu told Benzinga in a recent interview that the crypto exchange is in talks to acquire some struggling companies. Some crypto companies had to file for bankruptcy, while others downsized their workforce due to the ongoing bear market. This has given the stronger companies like…

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  • Markets

    Beeple’s Discord URL ‘hijacked,’ directing users to wallet drainer

    Non fungible token (NFT) artist Mike “Beeple” Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link.  In an Oct. 3 post UTC, the NFT artist called out Discord for “being garbage,” warning users not to go into the Discord and verify…

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  • Markets

    Tether commercial paper exposure now under $50M, says CTO

    Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022. Tether CTO Paolo Ardoino made the announcement in an Oct. 3 tweet, adding also that Tether’s United States Treasury bills increased to 58.1% of its total portfolio, up 25.1% from its Jun. 30 figure of 43.5%. #tether portfolio update. Tether as of 30 September 2022…

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  • Markets

    How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine

    The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX).  The United States Securities and Exchange Commission (SEC) fined Kardashian $1.26 million on Oct. 3, for “touting on social media” about the EMAX without disclosing she was paid $250,000 to post about it. Kardashian has neither admitted to nor denied the SEC’s allegations, but settled the charges and…

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  • Markets

    Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months – Bitcoin News

    Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August 11, Shopify’s Tobias Lütke Purchased a Significant Quantity of COIN Shares Coinbase Global Inc. (Nasdaq: COIN) shares…

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  • Markets

    Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles

    Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied.  Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining: “There is an unresolved backlog of unfilled data-driven roles. This demand is a testament to how eager blockchain and non-blockchain…

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  • Markets

    Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets – Defi Bitcoin News

    Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized application (dapp) on the Bitcoin Cash blockchain that allows anyone to long bitcoin cash against a myriad…

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  • Markets

    The SEC is bullying Kim Kardashian, and it could chill the influencer economy

    The Securities and Exchange Commission announced on Oct. 3 that Kim Kardashian settled an allegation that she promoted “a crypto asset security offered and sold by EthereumMax without disclosing the payment [of $250,000] she received for the promotion.” While she cooperated and closed the case with $1.26 million in penalties, the charge highlights the liability that “influencers” increasingly face as a result of an activist SEC that has failed to establish regulatory clarity.…

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  • Markets

    The XSwap Treasure Token Aims to Impress by Providing Many Useful Functionalities – Press release Bitcoin News

    press release PRESS RELEASE. XSwap is a name that has been gaining considerable attention lately for a compelling reason. The XSwap Treasure Token, XTT, may best be defined as XSwap Protocol’s farming reward token. Furthermore, it serves as the native token of their subproject known as the XSwap Launchpad. What’s there to know? The launchpad provides a comprehensive solution to projects seeking a wide range of services, such as project token generation,…

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  • Markets

    Low-cost cryptocurrencies that rally soon

    The cryptocurrency market seems to have found its footing again, a signal of a potentially bullish October. One of the biggest pointers that a bull wave could be underway is the rising Bitcoin buying volumes.  At the same time, institutional buyers are getting back into the market. Among those looking to make a big entry at current prices is Ark Invest, one of the most pro-crypto funds around. With this potential for…

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  • Markets

    3 Cryptocurrencies to watch as market sentiment turns bullish

    Like the rest of the financial markets, the cryptocurrency market started October in the red. However, many voices out there are of the view that the worst is over and that the markets could rebound.  One of the more notable ones is Chamath Palihapitiya, the billionaire behind Social Capital. Palihapitiya, who was among the people that correctly predicted the current market correction, noted that this is the time to start getting ready…

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  • Markets

    Cosmos ATOM is now bearish. Here are the key technical indicators

    The Cosmoverse event promised new developments, including an interchain security Cosmos native token ATOM has been falling after the event ATOM is bearish, but we should remain keen on technical levels If you consider adding positions in Cosmos ATOM/USD, key technical indicators may not be convincing. Of course, ATOM has been one of the strongest cryptocurrencies since June. It has defied all bear flags in the sector to remain on an uptrend.…

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  • Markets

    a16z leads $40M raise for decentralized knowledge protocol

    Decentralized knowledge protocol Golden has closed a $40 million funding round led by venture firm Andreessen Horowitz, or a16z, with additional participation from Protocol Labs, OpenSea Ventures and the founders of Solana, Dropbox, Postmates and Twitch, among others.  In addition to leading the Series B funding round, Andreessen Horowitz’s general partner Ali Yahya will join Golden’s board alongside a16z cofounder Marc Andreessen. The funding gives Golden additional resources to continue building its…

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  • Markets

    US Treasury recommends lawmakers decide which regulators will oversee crypto spot market

    Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market. In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank of Chicago, said the FSOC had released a report in accordance with President Joe Biden’s executive order on crypto, detailing potential…

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  • Markets

    Bitcoin holds to $19K as exchange outflows heighten

    Bitcoin has held close to the $19,000 support for the past two weeks The cryptocurrency has witnessed increased exchange outflows Bitcoin lacks a directional movement, but the current price is attractive Despite a tough month, Bitcoin BTC/USD holds strongly to the $19,000 support. As of press time, Bitcoin was trading at $19,275, a zone bulls have defended for the last two weeks. The stability comes amid positive price expectations. As of the…

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  • Markets

    Is it the perfect time to buy XRP after a 6% drop?

    XRP has dipped 6% in the past week but remains on bullish momentum. The case pitting Ripple executives and the SEC is at the center of a possible rally. The latest order by a US federal court on the legal matter has overruled the commission. Ripple XRP/USD is down 2% in the past day and 6% in the past week. The token is currently ranked the sixth-most valuable crypto, with a market…

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  • Markets

    DeFi platform Exponential raises $14 million in seed round

    Exponential is looking to change investing in the decentralised finance (DeFi) ecosystem with the “right products” for customers. Exponential, an investment platform that seeks to simplify investing in decentralised finance (DeFi), has announced it raised $14 million during its seed funding round from investors. Paradigm, a crypto-focused venture capital firm that has invested in numerous digital assets and Web3 startups, led the financing round, according to co-founders Driss Benamour (CEO), Mehdi Lebbar…

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  • Markets

    DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain – CoinJournal

    Los Angeles, CA, 3rd October, 2022, Chainwire Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network The DeSo Foundation just released its roadmap to decentralize social media The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and…

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  • Markets

    A crumbling stock market could create profitable opportunities for Bitcoin traders

    Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18. Tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26, and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is on the cards and lackluster profits could further add to the uncertainty. Given the unprecedented nature of…

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  • Markets

    Binance burns $1.8M in LUNC trading fees following community proposal

    Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September. In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) — trading fees for LUNC/BUSD and LUNC/USDT spot and margin trading pairs. According to Binance, the burn included the equivalent of 1,863,213.47…

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  • Markets

    Sushi holders vote for Jared Grey as new CEO

    Sushiswap has a new CEO after the community voted for Jared Grey as ‘Head Chef’. Decentralised crypto exchange Sushiswap has announced a new Chief Executive Officer (CEO), whose election was ratified via a community vote. Sushi confirmed on Monday that Jared Grey was now the new “Head Chef,” the DEX platform’s title for the CEO.  Sushi’s ‘Head Chef’ The election of a new chief executive comes after several months of uncertainty as…

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  • Markets

    Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors

    Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset platform Eaglebrook, the companies announced on October 3.  The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, said the companies in the statement, claiming that it “could serve as a strategic allocation in well-diversified portfolios.”…

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  • Markets

    Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009 – Mining Bitcoin News

    Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than the ten-minute average, which means another upward difficulty adjustment is likely in the cards. With Bitcoin’s mining difficulty looking as though it will reach another all-time…

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  • Markets

    Upside capped at $980B total crypto market, according to derivatives metrics

    It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections. Total crypto market cap, USD. Source: TradingView The 1% weekly negative performance in cryptocurrency markets was accompanied by stagnation in the S&P 500 stock market index, which…

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  • Markets

    Bitcoin price sets October high with $20K in reach as US stocks rally

    Bitcoin (BTC) climbed to new October highs at the Oct. 3 Wall Street open as Credit Suisse concerns heightened.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders close in on rangebound BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD taking aim at $19,500 after starting the month flat. The largest cryptocurrency reacted positively to lower than expected United States manufacturing data, while in Europe, market turmoil over Credit Suisse gathered…

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  • Markets

    Should you buy Ethereum in October 2022

    Ethereum price has been in a consolidation phase in the past few days as the excitement about the recent Merge event faded. ETH was trading at $1,316 on Monday, which was much lower than August’s high of over $2,000. It has crashed by more than 60% in 2022. Ethereum is in consolidation ETH price has been in a tight range as investors wait for the next catalyst. The coin remains close to…

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  • Markets

    Top Crypto Exchange LBank at Token 2049: Successful Exhibition and Afterparty – Press release Bitcoin News

    press release PRESS RELEASE. SINGAPORE, Oct. 3rd, 2022 – Global crypto exchange, LBank, joined Token 2049 in Singapore as sponsor and exhibitor. LBank was welcomed with open arms at the Token 2049 venue and continued to host a successful after-party. As one of the rise-and-coming major crypto hubs, Singapore hosted a diverse crowd of crypto lovers and gave LBank the great chance of meeting many users and fans in person. With over…

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  • Markets

    NYDIG raises $720M as Bitcoin balance hits all-time high

    The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in Q3 of this year. Plus, a United States Securities and Exchange (SEC) filing could reveal the group’s intent to add more Bitcoin to its balance sheet.  According to a press release, NYDIG’s Bitcoin balances are “up almost 100% year-over-year, and revenue is up 130%…

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  • Markets

    XRP price could rally by 50% based off comments from a former SEC director

    XRP are hoping that the token could see a massive price rally in 2022 based off the fingers-crossed assumption that Ripple will win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Hinman documents to save XRP bulls? On Sep. 29, the district court judge in the case, Judge Analisa Torres, ordered the commission to release the documents penned by William Hinman, the former director of the corporation finance division at…

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  • Markets

    Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs

    Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse. In an Oct. 3 speech before Japan’s National Diet, Kishida said the government’s investment in the country’s digital transformation already included issuing NFTs to local authorities using digital technology to solve challenges in their respective jurisdictions. He also hinted at…

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  • Markets

    Biggest Movers: UNI Rebounds From Recent Losses on Monday – Market Updates Bitcoin News

    Uniswap was back in the green on Monday, as the token rebounded from two days of consecutive declines. The move saw prices climb towards a resistance level of $6.70, which has been in place since late August. Maker was also in the green, climbing by nearly 5% in today’s session. Uniswap (UNI) Uniswap (UNI) was a notable mover on Monday, as the token rebounded following a string of back-to-back declines. Following a…

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  • Markets

    What remains in the NFT market now that the dust has settled?

    Over the last two years, nonfungible tokens (NFTs) have emerged as one of the most active and noticeable aspects of Web3. The data stored on blockchains by NFTs may be connected with files that include various forms of media, such as photographs, videos and audio. In certain instances, it can even be related to physical items. The owner of an NFT will often have ownership rights over the data, material or item…

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  • Markets

    SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax – Regulation Bitcoin News

    On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC, Celebrity Agrees to Pay $1.26M in Penalties and Will Not Tout Any Crypto Assets for 3 Years…

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  • Markets

    Bitcoin Lightning Network capacity strikes 5,000 BTC

    Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action the Lightning Network, the layer-2 payments solution on Bitcoin (BTC) continues to flourish. The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide, as Bitcoiners continue to support the growth of the network. Bitcoin Lightning…

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  • Markets

    Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge

    American socialite Kim Kardashian will pay $1.26 million in penalties for her involvement in the promotion of a cryptocurrency scheme called EthereumMax (EMAX). The United States Securities and Exchange Commission announced the charges against Kardashian on October 3 for ‘touting on social media a crypto asset security offered and sold by EthereumMax’ without disclosing the payment received for her promotional involvement. Kardashian has agreed to settle the charges and pay $1.26 million…

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  • Markets

    Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher as USD Weakens on Monday – Market Updates Bitcoin News

    Following a red start to October, crypto prices moved marginally higher during Monday’s session. After a brief stint below $19,000 on Sunday, bitcoin rose back above this point, as the U.S. dollar began to weaken against other G7 currencies. Ethereum was also in the green, momentarily moving above $1,300. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as crypto prices reacted to a weaker U.S. dollar. Following last week’s rally in…

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  • Markets

    Binance signs MoU with Kazakhstan to fight financial crime

    Global cryptocurrency exchange Binance has signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan as a part of its global law enforcement training program. The program, which involves officials from regulatory and law enforcement organizations worldwide, aims to strengthen industry cooperation with national and international law enforcement in the fight against financial crime and cybercrime. The program further aims to identify and block digital assets…

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  • Markets

    Spanish Telecom Giant Telefonica Invests in Bit2Me, Pilots Cryptocurrency Payments – Exchanges Bitcoin News

    Telefonica, one of the world’s largest telecom companies, has closed an investment in the Spanish cryptocurrency exchange Bit2me. The company, which has been very active in the metaverse space, is entering the crypto payments arena by running a pilot to allow its customers to make payments via its online store Tu.com with an upper limit of $490. Telefonica Invests in Cryptocurrency Exchange Bit2me Telefonica, the fourth-largest telecom company in Europe,…

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  • Markets

    Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io – Sponsored Bitcoin News

    sponsored Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th. Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international…

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