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Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
7.9.2023
According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges. This marks a significant shift from his earlier...
Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million
7.9.2023
While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a record...
Biggest Movers: TON Moves Towards $1.90, XLM Remains Near Recent Highs
7.9.2023
Toncoin was a big mover on Thursday, as the token rose by nearly 4%, closing in on the $1.90 level in the process. The rally came despite crypto price consolidation, with the global market cap largely unchanged as of writing. Stellar also surged, remaining near a recent two-week high. Toncoin (TON)...
Ark Invest, 21shares, and Vaneck Forge Ahead With Spot Ethereum ETF Applications
7.9.2023
The U.S. Securities and Exchange Commission (SEC) has temporarily postponed its ruling on seven bitcoin exchange-traded fund (ETF) applications. Meanwhile, a fresh wave of applications has emerged, with Ark Invest and 21shares, in addition to Vaneck, seeking approval for spot ethereum ETFs. These...
Bitcoin, Ethereum Technical Analysis: ETH Stalls Around Key Price Floor, as BTC Bulls Remain Sidelined
7.9.2023
Ethereum continued to trade around a key price floor of $1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session....
ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin
7.9.2023
European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is now in its final stage, preparing the ground...
B2BinPay v17 Update – the Next Step for Crypto Payment Solutions
7.9.2023
The B2BinPay team has just announced the release of B2BinPay v17, a substantial update that polishes and perfects the crypto payment experience. As one of the industry leaders, B2BinPay has been a global go-to facilitator for crypto transactions. B2BinPay’s crypto solutions are celebrated...
Israeli Cyber Crime Unit Raids Company Accused of Producing a Crypto-Stealing ‘Sting Software’
7.9.2023
Israeli law enforcement recently raided the offices of a company accused of producing software used by criminals to defraud crypto investors of millions of dollars. Some six suspects were arrested following the raid on a company that is reportedly operated by the country’s infamous crime families....
Blockchain Firm Raises Millions From Andreessen Horowitz, Paris Hilton to Help Monetize AI Mashups
7.9.2023
Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent...
Canaan to Launch Avalon 14 Series Bitcoin Miner With Advanced 1X J/TH Efficiency
7.9.2023
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules per terahash (J/TH). Three days after this disclosure, Canaan also announced plans to unveil a novel product but with little details. Canaan has since offered more information...
JPMorgan Expects SEC to Approve Multiple Spot Bitcoin ETFs at Once
7.9.2023
Global investment bank JPMorgan expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded funds (ETFs) at once, instead of giving one company the advantage of being the first. The bank’s analyst explained that if the securities regulator wants...
Peter Schiff Says US Can’t Afford to Decouple From China — Warns of Dollar Collapse
7.9.2023
Economist Peter Schiff has warned that the U.S. cannot afford to decouple from China. “Our entire standard of living rests on the support of China,” he stressed, adding that “If we lose that support, it’s going to collapse.” He also predicted the collapse of the U.S. dollar as the USD loses...
Analyst Predicts SEC Will Approve First Spot Bitcoin ETF by Mid-March Next Year
7.9.2023
Asset management firm Bernstein has predicted that the U.S. Securities and Exchange Commission (SEC) will approve its first spot bitcoin exchange-traded fund (ETF) between mid-October and mid-March next year. The firm’s analyst believes that “the crypto ETF opportunity won’t...
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?
6.9.2023
This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of...
Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
6.9.2023
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading...
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
Bitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price
6.9.2023
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368. Bitcoin Miners See Relief With 2.65%...
Bitfinex’s Resilience: Tracing its Transformation Throughout Crypto History
6.9.2023
Bitfinex, the pioneering cryptocurrency exchange, emerged in 2012, establishing itself as a trailblazer in the industry. With a resolute goal of offering a resilient trading platform for Bitcoin and other cryptocurrencies, Bitfinex swiftly garnered attention for its avant-garde trading tools...
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
6.9.2023
Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92...
Biggest Movers: SHIB Hovers Higher, Despite Market Consolidation
6.9.2023
Shiba inu was a notable gainer in today’s session, as the cryptocurrency rose for a second straight session. The global market cap is marginally higher at the time of writing, as prices mostly consolidated. Solana retreated from a near one-week high. Shiba Inu (SHIB) Shiba inu (SHIB) was in...