Cryptocurrency news

• Class-action suit filed against Binance for alleged harm to FTX before its collapse

  02-10-2023 23:55 via cointelegraph.com
  
  A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.
  
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• Investors drop class-action lawsuit against Terraform Labs and Do Kwon

  02-10-2023 23:25 via cointelegraph.com
  
  The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.
  
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• Ether Futures ETFs See Low Volume in First-Day Trading

  02-10-2023 23:10
  
  Among the more popular of the new ETFs today, VanEck’s Ethereum Strategy ETF (EFUT) traded just shy of 25,000 shares at a price roughly averaging $17 per share.
  
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• Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments

  02-10-2023 23:05
  
  Attorneys for FTX founder Sam Bankman-Fried asked the judge overseeing the case to clarify his orders around certain proposed arguments, including arguments about FTX's regulated jurisdictions, bankruptcy recoveries and his charitable work.
  
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• Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

  02-10-2023 23:01 via cointelegraph.com
  
  The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”
  
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• Volatility Shares cancels ETH-ETF futures launch, ‘didn’t see the opportunity at this point in time’

  02-10-2023 23:01 via cointelegraph.com
  
  The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”
  
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• Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes

  02-10-2023 23:00 via newsbtc.com
  
  Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” the indicator has crossed into the cycle bottom zone in the two-week time frame.
  Bitcoin Likely Bottoming: Here&
  
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• Crypto Crisis Imminent, Warns Bloomberg’s Mike McGlone, Despite Bitcoin’s Surge To $28,000

  02-10-2023 22:00 via newsbtc.com
  
  On October 2, Mike McGlone, Commodity Strategist at Bloomberg, took to social media X (formerly known as Twitter) to express his concerns about the state of the crypto market. 
  Despite Bitcoin’s (BTC) recent rise, McGlone highlighted a disturbing trend and raised the possibility of a cryptocurrency recession.
  Factors Behind Crypto Market’s Recession Risk
  McGlone pointed out the concept of “positive beta vs. negative liquidity” and its implications for the cryptocurre
  
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• Cryptocurrency Mining Facility/Natural Gas-Fired Electric Generating ... - JD Supra

  02-10-2023 21:52
  
  Cryptocurrency Mining Facility/Natural Gas-Fired Electric Generating ...  JD Supra
  
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• Binance and Trust Battle for No.1 in Cryptocurrency Wallet Provider ... - PYMNTS.com

  02-10-2023 21:52
  
  Binance and Trust Battle for No.1 in Cryptocurrency Wallet Provider ...  PYMNTS.com
  
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• One-third of all CFTC crypto enforcement actions took place this year — Chairman Behnam

  02-10-2023 21:34 via cointelegraph.com
  
  CFTC Chairman Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.
  
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• One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam

  02-10-2023 21:34 via cointelegraph.com
  
  CFTC chair Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.
  
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• Congress Can't Let Gary Gensler Regulate Digital Assets Out of Existence

  02-10-2023 21:27
  
  We should support an amendment from House Majority Whip Tom Emmer to limit the SEC’s authority over the industry, say Tim Ryan and David McIntosh, co-chairs of the Blockchain Innovation Project.
  
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• Is Michael Lewis Throwing Out His Reputation to Defend Sam Bankman-Fried?

  02-10-2023 21:24
  
  The author’ latest book, “Going Infinite,” is an eyewitness account of the fall of FTX’s founder, who Lewis said is “misunderstood.”
  
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• Innovation Engine of Cryptocurrency Trading: ACCERX Shapes a ... - Digital Journal

  02-10-2023 21:19
  
  Innovation Engine of Cryptocurrency Trading: ACCERX Shapes a ...  Digital Journal
  
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• Book describes Sam Bankman-Fried with little attention span or respect for appointments

  02-10-2023 21:19 via cointelegraph.com
  
  The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute.
  
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• Bitfarms reports a 7.3% increase in its monthly mining output

  02-10-2023 21:11 via coinjournal.net
  
  Bitfarms produced 411 bitcoins last month and sold 362.
  The Canadian miner is still lagging behind last year’s figures.
  Bitfarms stock is currently down 40% versus its recent high.Bitfarms Ltd says its mining output popped 7.3% in September as it continued to install new miners and “fully energised” its facility in Rio Cuarto to 51 MW.
  Bitcoin still holds 703 BTC in total
  The Canadian miner produced a total of 411 bitcoins last month – of which it sold 362 for about $9.5
  
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• SEC continues to delay decisions on crypto ETFs: Law Decoded

  02-10-2023 21:00 via cointelegraph.com
  
  The latest delays came two weeks before the second deadline for many applicants.
  
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• Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple

  02-10-2023 21:00 via newsbtc.com
  
  A pro-XRP lawyer has highlighted more casualties and negative impacts the regulatory authority has inflicted on XRP and its investors as well as individuals and businesses associated with the cryptocurrency. 
  So while Ripple has stated it has lost over $200 million in its fight against the US SEC, it seems that is not the only loss that has been incurred in the drawn-out battle. 
  SEC Allegedly Damaged 75K XRP Followers
  John E. Deaton, a pro-XRP lawyer has taken to X (formerly Twitter)
  
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• Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

  02-10-2023 20:40
  
  Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.
  
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• Articles by Perianne Boring - The Street Crypto: Bitcoin and ... - TheStreet

  02-10-2023 20:34
  
  Articles by Perianne Boring - The Street Crypto: Bitcoin and ...  TheStreet
  
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• Crypto liquidity provider GSR receives regulatory approval in Singapore

  02-10-2023 20:16 via cointelegraph.com
  
  The license allows GSR to provide crypto and fiat-related services to Singaporean residents and entities.
  
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• Price analysis 10/2: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

  02-10-2023 20:05 via cointelegraph.com
  
  Bitcoin and select altcoins are looking strong at the start of October, but will the flashpan bullish momentum last?
  
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• Bitcoin MPI Forms Death Cross, End of The Rally?

  02-10-2023 20:00 via newsbtc.com
  On-chain data shows the Bitcoin Miners’ Position Index (MPI) has formed a death cross recently, a sign that the asset’s rally may end.
  Bitcoin MPI Has Formed A Bearish Crossover Recently
  As pointed out by an analyst in a CryptoQuant Quicktake post, the 365-day moving average (MA) of the BTC MPI has crossed above the 90-day recently. The “MPI” here refers to an indicator that measures the ratio between the miner outflows and the yearly MA.
  The “miner outflows”
  
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• Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From

  02-10-2023 19:47
  
  Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they
  
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• Researchers find LLMs like ChatGPT output sensitive data even after it’s been ‘deleted’

  02-10-2023 19:30 via cointelegraph.com
  
  According to the scientists, there’s no universal method by which data can be deleted from a pre-trained large language model.
  
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• Cryptocurrency and Entertainment: On a new level - GhanaWeb

  02-10-2023 19:11
  
  Cryptocurrency and Entertainment: On a new level  GhanaWeb
  
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• BestChange.com Revolutionizes Cryptocurrency Exchanges With User-Centric Features and Trusted Network - The Daily Hodl

  02-10-2023 19:11
  BestChange.com Revolutionizes Cryptocurrency Exchanges With User-Centric Features and Trusted Network  The Daily Hodl
  
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• Articles by David Bailey - The Street Crypto: Bitcoin and ... - TheStreet

  02-10-2023 19:11
  
  Articles by David Bailey - The Street Crypto: Bitcoin and ...  TheStreet
  
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• Keene resident Ian Freeman sentenced to 8 years in prison in ... - The Keene Sentinel

  02-10-2023 19:00
  Keene resident Ian Freeman sentenced to 8 years in prison in ...  The Keene Sentinel
  
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• XRP Price Bloodbath On The Horizon? Report Casts Doubt On Recent Rally

  02-10-2023 18:50 via newsbtc.com
  
  Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support.
  As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels.XRP
  
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• XRP Price Bloodbath In The Horizon? Report Casts Doubt On Recent Rally

  02-10-2023 18:50 via newsbtc.com
  
  Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support.
  As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels.XRP
  
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• XRP Price Disappoints: Crypto Analyst Reveals Why He Will No Longer Accumulate

  02-10-2023 18:00 via newsbtc.com
  
  The sentiment around the XRP price has been mostly bullish lately with numerous predictions coming through for a potential rally. However, not everyone has joined the bull bandwagon after being disappointed by the XRP price performance. One analyst in particular has expressed its displeasure at XRP’s performance over the years, and as a result of this, the analyst wants to abandon the token.
  XRP Price Value Weakens
  One analyst who goes by CryptoCheck on the TradingView platform has put for
  
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• Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter

  02-10-2023 17:57
  
  East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
  
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• Parliamentary committee calls for shutdown of Worldcoin in Kenya

  02-10-2023 17:55 via cointelegraph.com
  
  The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.
  
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• Bitcoin drives cryptocurrency surge, lifting related stocks By ... - Investing.com

  02-10-2023 17:40
  Bitcoin drives cryptocurrency surge, lifting related stocks By ...  Investing.com
  
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• UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules

  02-10-2023 17:24
  
  With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
  
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• Bitcoin Surges Over $28K, but Analyst Questions ETF Optimism Angle

  02-10-2023 17:08
  
  Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.
  
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• Bankrupt CeFi firm Haru Invest hints at asset recovery

  02-10-2023 17:07 via cointelegraph.com
  
  No specific timeline was given as to when users can receive their money back.
  
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• Chainlink Signal That Preceded Crashes Of 34% Is Back

  02-10-2023 17:00 via newsbtc.com
  An on-chain signal that preceded crashes of at least 34% for Chainlink in the past has once again formed for the cryptocurrency.
  Chainlink 30-Day MVRV Ratio Recently Hit The 20% Mark
  As explained by an analyst in a post on X, the last two times the 30-day MVRV ratio broke above the 19% level, the price of LINK registered a sharp decline. The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Chainlink market cap and the realized cap.
  The
  
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• BunnyLoader Malware Targets Browsers and Cryptocurrency - Infosecurity Magazine

  02-10-2023 17:00
  
  BunnyLoader Malware Targets Browsers and Cryptocurrency  Infosecurity Magazine
  
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• ProShares Launches 3 Cryptocurrency ETFs, Including 1st to Target ... - Nasdaq

  02-10-2023 16:53
  
  ProShares Launches 3 Cryptocurrency ETFs, Including 1st to Target ...  Nasdaq
  
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• Grayscale files to convert its Ethereum Trust into a spot Ethereum ETF

  02-10-2023 16:51 via coinjournal.net
  
  Grayscale is seeking for SEC’s approval to convert its Ethereum Trust to an Ethereum ETF.
  Grayscale’s Ethereum Trust manages nearly $5 billion in Ethereum assets.
  Transition to spot ETF offers direct and regulated cryptocurrency exposure.Grayscale Investments, a global leader in digital asset investment, is making headlines again as it seeks approval from the US Securities and Exchange Commission (SEC) to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum exchange-trad
  
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• Cryptocurrency in East Asia - Hong Kong and China: Chainalysis ... - BSC NEWS

  02-10-2023 16:12
  
  Cryptocurrency in East Asia - Hong Kong and China: Chainalysis ...  BSC NEWS
  
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• Tether treasury receives two $50M USDT lump sums from Bitfinex

  02-10-2023 16:03 via cointelegraph.com
  
  Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.
  
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• Optimism (OP) Climbs 6% A Day As Crypto Market Rebounds, What’s Next?

  02-10-2023 16:00 via newsbtc.com
  
  Optimism (OP) has posted notable gains today, October 2, trading at $1.45, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days. 
  OP’s rise coincides with the improvement in the general crypto market, which showed a remarkable recovery. However, whether OP will sustain the ongoing rally remains to be seen. But a close look at a few technical indicators may provide vital insights into its next price moves. 
  OP Approaches Overbought
  
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• Chainlink Unveils ‘Data Streams’ to Reduce Latency, Expands Decentralized Computing

  02-10-2023 16:00
  
  The company launched Chainlink Data Streams and announced new decentralized computing capabilities.
  
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• BTC price knocks on $28.5K as trader says Bitcoin 'reeks of disbelief'

  02-10-2023 16:00 via cointelegraph.com
  
  Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed on the future.
  
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• VanEck Ethereum Strategy ETF set for CBOE listing

  02-10-2023 15:59 via cointelegraph.com
  
  Following the U.S. SEC’s approval of spot Ethereum exchange-traded funds, VanEck has launched its Ethereum Strategy ETF.
  
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• Sam Bankman-Fried Saw Missing FTX Billions as ‘Rounding Error,’ Biographer Says

  02-10-2023 15:31
  
  Michael Lewis revealed management failings at crypto exchange FTX, and a billion-dollar plan to keep Trump out of office in an interview with CBS.
  
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