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Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more
28.10.2023
This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more
Gemini Seeks Control of $1.6 Billion Grayscale Shares in Lawsuit
28.10.2023
Crypto exchange Gemini has initiated a lawsuit against digital asset lender Genesis in an attempt to gain control over $1.6 billion worth of Grayscale Bitcoin Trust shares. The lawsuit, filed on Friday in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares to repay...
Meme Coin Mania: Will NUGX Take on Dogecoin (DOGE) and Shiba Inu (SHIB)?
28.10.2023
TLDR NuggetRush (NUGX) combines real-world gold mining, cryptocurrency, and digital gaming to form an immersive P2E platform. Dogecoin (DOGE) has experienced a roller coaster in 2023, but it has finally started rising amid Bitcoin’s (BTC) abrupt surge. For most of 2023, Shiba Inu (SHIB) faced...
SEC Considering 8-10 Spot Bitcoin ETF Applications, Says Chair Gary Gensler
28.10.2023
The U.S. Securities and Exchange Commission (SEC) is currently considering between eight and 10 bitcoin exchange-traded fund (ETF) applications, according to SEC Chairman Gary Gensler. He insisted that “the vast majority of crypto assets likely meet the investment contract test, making them...
Fed Reserve Official Michael Barr Calls for Stablecoin Regulation
28.10.2023
US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins. According to Federal Reserve Vice Chair for Supervision Michael Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government. Presenting...
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
27.10.2023
Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B
27.10.2023
Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims
Biggest Crypto Gainers Today on DEXTools – TOKEN, SILKROAD
27.10.2023
Bitcoin (BTC) is pulling back on Friday amid profit-taking in wake of its recent US spot Bitcoin ETF approval optimism powered pump this week, with the world’s largest cryptocurrency last trading just above the $33,500 mark. That means BTC is down close to 2.0% on the day, which marks...
Bitcoin Products Dominate 73.3% of Market Share as Crypto Assets Under Management Grows to $31.7 Billion
27.10.2023
Digital assets under management have soared by 6.74% to $31.7 billion after a string of positive developments amid wider market uncertainties. A new market report released by CCData shows growth in crypto-related products, key activities, and a review of trading volumes in the wake of plunging...
Market Expert Gareth Soloway Explores Bitcoin’s Future Amidst Rising Treasury Yields and ETF Speculation
27.10.2023
Year-to-date, bitcoin (BTC), the leading digital currency by market cap, has witnessed a staggering increase of over 100%, sparking curiosity about the duration of its upward trajectory. In a Thursday interview with Gareth Soloway, the head market strategist at inthemoneystocks.com, the expert...
Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs
27.10.2023
Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The two banks are actively testing the concept using...
Bitcoin Price Prediction as BTC Retraces to $34,000 Support – When is the Next Leg Up?
27.10.2023
Bitcoin price prediction has become the talk of the crypto community as BTC recently retraced to a crucial $34,000 support level. Amidst an array of fundamental changes in the cryptocurrency landscape, from the U.S. SEC’s ongoing review of Bitcoin ETP proposals to the U.K.’s stringent...
Bitcoin ETF Speculation Sustains Bitcoin Price – How Long Will it Last?
27.10.2023
The Bitcoin price has seen substantial volatility in recent weeks, largely driven by speculation around the potential approval of a Bitcoin exchange-traded fund (ETF) by the SEC. While Bitcoin bulls have cheered each new rumor of progress on the ETF front, whether the asset can sustain significant...
Bitcoin Catches Market Cap of Elon Musk's Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting
27.10.2023
The Fed is widely expected to hold rates steady next week, but traders will be watching for signals about future policy moves
UK Residents Flags Privacy Concerns in Digital Pound Consultations: Bank of England
27.10.2023
The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns. Jon Cunliffe, the bank’s Deputy Governor disclosed in a speech, Money and payments: a ‘black ships’...
Today in Crypto: Digital Asset Product AUM Surged to $31.7 Billion in October, Binance Validated 300 User-suggested Features
27.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news In October, the total assets under management (AUM) for digital asset products surged by 6.74% to reach...
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?
27.10.2023
FLOKI's gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable?
Kaspersky Unveils Powerful Malware Posing as Crypto Miner Infecting Over 1 Million Computers
27.10.2023
Global cybersecurity and digital privacy firm Kaspersky’s researchers have discovered highly sophisticated malware affecting over a million victims since 2017. The malware – “StripedFly” – initially masqueraded as a cryptocurrency miner and was later found to be...
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
27.10.2023
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said
Turkey Projects Finalization of Cryptocurrency Taxes by Next Year
27.10.2023
Turkish government intends to establish a regulatory framework for crypto assets, including plans to tax these digital assets, starting 2024. The regulatory measure came as a part of the government’s 2024 Presidential Annual Program, unveiled on Wednesday. The translated document sheds light...