Cryptocurrency news

• MEXC Ventures makes eight-figure investment in Toncoin and launches strategic partnership with TON Foundation

  04-10-2023 23:18 via coinjournal.net
  
  Zug, Switzerland, October 4th, 2023, Chainwire
  MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global Web3 accessibility by lowering the barriers to entry.
  MEXC Ventures
  
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• Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects

  04-10-2023 23:17 via cointelegraph.com
  
  Stellar Development Foundation published a method for judging Web3 project effectiveness in Colombia, Argentina, Kenya, the Philippines, and other developing markets.
  
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• Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says

  04-10-2023 23:09 via cointelegraph.com
  
  The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows.
  
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• Here’s The Level Bitcoin Must Conquer If Rally Has To Return

  04-10-2023 23:00 via newsbtc.com
  
  Here’s the level, according to on-chain data, that Bitcoin might have to conquer if the rally has to make a real comeback.
  Bitcoin Is Currently Near Short-Term Holder Cost Basis
  In a new post on X, analyst Root shared a chart revealing that the BTC price has recently been retesting the short-term holders’ cost basis or the realized price (STHs).
  The “realized price” here measures the average price at which Bitcoin investors acquired their coins. When the spot price is tra
  
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• Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform

  04-10-2023 22:17
  
  HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
  
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• Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When

  04-10-2023 22:00 via newsbtc.com
  
  Many analysts have weighed on the potential trajectory of the flagship cryptocurrency, Bitcoin. This time, Bloomberg analyst Mike McGlone has highlighted the possibility of Bitcoin price declining further and when this could happen.
  Bitcoin Price Could Decline Further
  In a tweet on his X (formerly Twitter) platform, McGlone noted that Bitcoin risks declining to $10,000 (which could happen by year-end) as it continues to battle the $30,000 resistance level. 
  This resistance level has long be
  
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• Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial

  04-10-2023 21:59 via cointelegraph.com
  
  London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022.
  
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• Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 2]

  04-10-2023 21:25 via cointelegraph.com
  
  The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.
  
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• Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead

  04-10-2023 21:20
  
  Ether's price dropped to its lowest price compared to bitcoin since July 2022 as the launch of futures-based ETH ETFs attracted meager interest from investors.
  
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• Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer

  04-10-2023 21:19
  
  Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.
  
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• Google Assistant will soon incorporate Bard AI chat service

  04-10-2023 21:13 via cointelegraph.com
  
  Google announced that its browser-based AI program, Bard, will be used by Google Assistant devices soon.
  
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• PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter

  04-10-2023 21:00 via cointelegraph.com
  
  PayPal filed a patent application for a system that lets users transfer and purchase nonfungible tokens.
  
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• FTX’s FTT Price Skyrockets 20%: Here’s Why the Rally Has Just Begun

  04-10-2023 21:00 via newsbtc.com
  
  The FTT price has been challenging gravity and the overall trend in the crypto market for the past two weeks. A recent report hints at a potential bullish continuation based on this scenario and to the benefit of the FTX creditors.
  As of this writing, the FTT price trades at $1.20, with sideways movement in the last 24 hours. The token recorded a 19% profit in the previous two weeks, while the last 30 days show a 15% increase. In the meantime, major cryptocurrencies have seen half of this price
  
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• Hong Kong Stock Exchange launches settlement platform powered by smart contracts

  04-10-2023 20:45 via cointelegraph.com
  
  Dubbed "Synapse," the platform will accelerate trades placed by international investors for Mainland Chinese stocks.
  
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• Su Zhu's $36M mansion transformed into eco-farm post-3AC collapse: Report

  04-10-2023 20:30 via cointelegraph.com
  
  The 3AC co-founder purchased the Singaporean bungalow in March 2022, shortly before the hedge fund collapsed.
  
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• Sam Bankman-Fried 'Lied,' DOJ Tells Jury; Defense Tries to Pin FTX Collapse on Caroline Ellison

  04-10-2023 20:20
  
  "He poured money — other people's money — into investments to make himself even richer," the prosecutor said in opening arguments.
  
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• Monero: Downgrading The Leading Privacy Coin (Cryptocurrency ... - Seeking Alpha

  04-10-2023 20:20 via news.google.com
  
  Monero: Downgrading The Leading Privacy Coin (Cryptocurrency ...  Seeking Alpha
  
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• Is XRP Growth Real Or Just Smoke And Mirrors? Here’s What Liquidation Data Shows

  04-10-2023 20:00 via newsbtc.com
  
  XRP, the digital currency associated with Ripple Labs, has been making headlines with its recent price rally. However, a report suggests that the hype surrounding its performance might be overstated, as market data paints a different picture. 
  Despite a positive legal ruling and a robust community, XRP seems to struggle to gain the same level of confidence as Bitcoin (BTC) and Ethereum (ETH) among investors.
  Liquidation data from CoinGlass reveals that in the past 24 hours, approximately $4
  
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• Navigating the Cryptocurrency Landscape - FinSMEs

  04-10-2023 19:53 via news.google.com
  
  Navigating the Cryptocurrency Landscape  FinSMEs
  
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• Price analysis 10/4: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

  04-10-2023 19:43 via cointelegraph.com
  
  Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins.
  
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• Opening arguments begin in Sam Bankman-Fried trial

  04-10-2023 19:42 via cointelegraph.com
  
  "His girlfriend will tell you how they stole money together," said Assistant U.S. Attorney Thane Rehn in an opening statement about the former FTX CEO.
  
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• The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?

  04-10-2023 19:41
  
  In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
  
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• DAOs can help scientists find funding and community, says Nature science journal

  04-10-2023 19:25 via cointelegraph.com
  
  Decentralization could help bring scientists in underfunded fields and locations to the table without requiring relocation or reemployment
  
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• Sam Bankman-Fried Shouldn’t Have Cut His Hair

  04-10-2023 19:14
  
  If your defense is “I didn’t know what was happening,” don’t dress like a competent person.
  
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• Asian Banking Giant DBS Is Patiently Wading Into Crypto

  04-10-2023 19:09
  
  CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.
  
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• Crypto Drug Cartel Ties: On-chain Investigator Drags Ethereum Into The Mess

  04-10-2023 19:00 via newsbtc.com
  
  An on-chain crypto investigator took to social media to expose the supposed black truth behind Justin Sun’s Tron but has thrown Ethereum in the mix, alleging that the cryptocurrency is backed by the CCP and may harbor crypto wallet addresses by Fentanyl traffickers. 
  On-Chain Detective Unveils Potential Tron Ponzi Scheme
  An X (formerly Twitter) user going by the username @BoringSleuth has gained the attention of the crypto community after uncovering potential evidence of Tron allegedl
  
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• Polygon co-founder steps down, will contribute 'from the sidelines'

  04-10-2023 18:41 via cointelegraph.com
  
  Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago.
  
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• Chase Bank Partners With FCF Pay to Accept Cryptocurrency for ... - Investing.com

  04-10-2023 18:26 via news.google.com
  Chase Bank Partners With FCF Pay to Accept Cryptocurrency for ...  Investing.com
  
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• Cryptocurrency Market is estimated to be US$ 2431.77 million by ... - GlobeNewswire

  04-10-2023 18:04 via news.google.com
  Cryptocurrency Market is estimated to be US$ 2431.77 million by ...  GlobeNewswire
  
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• Chainlink Creator Expects Mass Crypto Adoption To Send Market Cap To $10 Trillion

  04-10-2023 18:00 via newsbtc.com
  
  In a recent interview, Chainlink’s co-founder, Sergey Nazarov, said the collapse of the banking industry will drive crypto mass adoption.
  Chainlink’s Co-Founder Predicts Crypto And Blockchain Prospects Over The Next Decade
  Sergey Nazarov believes that the collapse of the banking industry will favor crypto adoption and growth in the next decade.Nazarov believes the crypto industry and its technological innovations might maintain the same slow growth pace. However, the industry player
  
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• Investors Fear Volatility and Risk, Particularly With Crypto. Here’s Why They Shouldn’t.

  04-10-2023 17:54
  
  Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.
  
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• Volatility and Risk Get a Bad Rap in Investment Portfolios, Particularly When It Comes to Digital Assets. Here’s Why They Shouldn’t.

  04-10-2023 17:45
  
  Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.
  
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• Crypto Long & Short: A Giant Awakens

  04-10-2023 17:45
  
  CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.
  
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• Sam Bankman-Fried Now Has a Jury

  04-10-2023 17:42
  
  A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange.
  
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• CMCC Global Raises $100M for Hong Kong-Based Blockchain Companies

  04-10-2023 17:27
  
  The lead investor in the fund was B1, which committed $50 million, alongside Richard Li’s Pacific Century Group, Tyler and Cameron Winklevoss’ firm and Animoca Brands founder Yat Siu.
  
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• Polygon Co-Founder Jaynti Kanani Steps Down

  04-10-2023 17:07
  
  Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday.
  
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• These Are The Altcoins To Keep An Eye On: Santiment

  04-10-2023 17:00 via newsbtc.com
  Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on.
  Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses
  As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days.
  The indicator of interest here is the “daily active addresses,&rd
  
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• Crypto vs. Banks? It’s Not Either-Or for Chainlink, Ripple

  04-10-2023 17:00
  
  Rather than attempting to disrupt banks and other traditional payments systems, these high-profile blockchain developers are looking to court their business.
  
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• Sam Bankman-Fried Lost Half a Million Dollars Every Day After Alameda Launched, Michael Lewis Claims

  04-10-2023 16:18
  
  The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.
  
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• Bitcoin traders hope $27K holds as BTC price ignores volatile US dollar

  04-10-2023 16:03 via cointelegraph.com
  
  Bitcoin looks like a stablecoin compared to the U.S. dollar index on the day, with BTC price levels of interest close to spot.
  
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• Ripple Scores 3 Major Wins That Could Drive XRP Price To $1

  04-10-2023 16:00 via newsbtc.com
  Certain events have been touted as being able to impact the XRP price significantly. Some of these events already seem to be happening, raising the hopes of the XRP community that the token could indeed hit $1 before the year runs out. 
  Ripple Expands To Singapore
  In a statement released on October 3, Ripple announced that its subsidiary had secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This announcement comes four months after the compan
  
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• Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report

  04-10-2023 15:57 via cointelegraph.com
  
  Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy.
  
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• TON raises 8-figure sum from MEXC to make Telegram a Web3 super-app

  04-10-2023 15:50 via cointelegraph.com
  
  Telegram founder Pavel Durov has repeatedly pointed out the role of the TON blockchain in the potential Web3 journey of Telegram.
  
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• Exploring the Benefits of Cryptocurrency Betting Online - SportCo

  04-10-2023 15:43 via news.google.com
  
  Exploring the Benefits of Cryptocurrency Betting Online  SportCo
  
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• Microsoft-owned LinkedIn releases AI-powered assistant for job recruiters

  04-10-2023 15:31 via cointelegraph.com
  
  LinkedIn plans to pilot a new AI-powered assistant aimed at recruiters searching for job candidates and will also release an AI educational assistant in its learning section.
  
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• The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report

  04-10-2023 15:30 via cointelegraph.com
  
  Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.
  
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• Crypto VC: Token investing and the next bull run with Digital Wave Finance

  04-10-2023 15:26 via cointelegraph.com
  
  Cointelegraph sits down with Digital Wave Finance to talk about investment strategies and what could catalyze the next bull run.
  
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• Bitcoin mining restricted to legal entities in Uzbekistan — Regulators

  04-10-2023 15:15 via cointelegraph.com
  
  Cryptocurrency mining in Uzbekistan can only be carried out by legal entities using solar power, the local crypto watchdog has reiterated.
  
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• Bitcoin mining restricted to legal entities in Uzbekistan: Official

  04-10-2023 15:15 via cointelegraph.com
  
  Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated.
  
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• Yield Protocol to permanently 'wind down' operations by December 2023

  04-10-2023 15:10 via cointelegraph.com
  
  Unfavorable crypto regulations in the United States, Europe and the United Kingdom was one of the factors for Yield Protocol's untimely shut down.
  
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