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Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
11.10.2024
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin...
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
11.10.2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive...
Solana Could Surge 400% Under Trump Presidency, Standard Chartered Predicts
11.10.2024
Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank’s head of digital assets suggests that solana’s faster transaction speed and support for decentralized...
SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
11.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register...
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
11.10.2024
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates...
Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering
10.10.2024
The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities...
Bitcoin price fell 24%+ the last time this metric turned negative — Will it happen again?
10.10.2024
Bitcoin derivatives metrics shifted as BTC price fell under $59,000 today. Are lower prices incoming?
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
10.10.2024
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull...
US election outcome won’t stop Bitcoin from hitting $100K: Dan Tapiero
10.10.2024
Crypto adoption is gaining speed no matter who wins the US presidential race in November, the venture fund founder said
Crypto ETFs Take Center Stage: Nearly Half of Charles Schwab Investors Eye Digital Assets
10.10.2024
A recent survey conducted by American financial powerhouse Charles Schwab revealed that nearly half of the respondents (45%) are gearing up to invest in cryptocurrency exchange-traded funds (ETFs). Millennials Lead the Crypto ETF Charge, Expert Puzzled by Schwab’s Slow Move Charles Schwab,...
Over 63,000 BTC were sent to exchanges in last 72 hours — CryptoQuant
10.10.2024
The recent 50 basis-point interest rate cut by the US Federal Reserve has had a mixed impact on crypto markets
Bitcoin retraces to $59K amid altcoins stagnant with ‘regulatory hurdles’
10.10.2024
Bitcoin has fallen below the crucial $60,000 price level. Meanwhile, a crypto analyst highlights that altcoins with strong fundamentals aren't seeing price spikes due to "regulatory hurdles."
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
10.10.2024
On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed...
Bitcoin Tumbles Below $59K Amid Inflation Worry, Regulatory Onslaught on Crypto
10.10.2024
Bitcoin Shatters All-Time Hashrate Record at 698 EH/s as Miners Defy Market Challenges
10.10.2024
According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8. Bitcoin’s Hashrate Skyrockets to 698 EH/s as Miners Surge Ahead...
Nearly 50% of U.S. Investors Plan to Invest in Crypto ETFs: Charles Schwab Survey
10.10.2024
Crypto was the leading asset class among millennial ETF investors, topping even stocks and bonds, the survey showed
Breaking Boundaries: LBank Achieves “Leaps and Bounds” Growth in Q3
10.10.2024
PRESS RELEASE. In a vibrant and competitive third quarter, LBank has successfully achieved its short-term goal of dynamic growth. From a million-dollar airdrop celebration for its anniversary to the meme extravaganza at TOKEN2049 in Singapore, LBank is evolving in unconventional ways. During...
Bitmain Rolls out New High-Efficiency Bitcoin Mining Machines, Topping 319 TH/s
10.10.2024
Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version. Bitmain Releases New Air and Hydro-Cooled Bitcoin Mining Rigs The Chinese application-specific...
CPI data to drive 'favorable impact' on Bitcoin prices — 21Shares
10.10.2024
Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years
Ripple Launches ‘Bank-Grade’ Crypto Custody Solution
10.10.2024
Ripple has announced updates to Ripple Custody, enhancing its “bank-grade” custody technology. The latest features include a transaction screening service integration, additional hardware security module (HSM) options, and an XRPL integration for tokenizing Real World Assets (RWA)....