Cryptocurrency news

• Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project

  17-10-2023 23:35
  
  The email from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.
  
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• Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting

  17-10-2023 23:28 via cointelegraph.com
  
  Ohio Representative Jim Jordan, the Republican Party's nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.
  
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• Pro-crypto lawmaker stays interim US House Speaker as front-runner loses first round of voting

  17-10-2023 23:28 via cointelegraph.com
  
  Ohio Representative Jim Jordan, the Republican Party’s nominee for Speaker, won the support of 200 of his colleagues in an Oct. 17 vote — below the 217 needed to hold the position.
  
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• Online dating apps are colliding with cryptocurrency and human ... - KCRW

  17-10-2023 23:18
  
  Online dating apps are colliding with cryptocurrency and human ...  KCRW
  
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• Uniswap’s New Fee Structure: Are You About To Pay More For These Tokens?

  17-10-2023 23:00 via newsbtc.com
  
  Recently, Uniswap, a prominent decentralized exchange, made headlines by introducing a 0.15% swap fee on specific tokens. While generating buzz and curiosity, this decision has raised several questions regarding its impact on traders.
  Decentralized exchanges (DEX) facilitate peer-to-peer trading without intermediaries. The absence of centralized entities has advantages but also presents challenges, especially regarding fee structures.Uniswap’s latest update to alter its fee structure is a
  
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• Bitcoin ETF: What's Next in Grayscale's Battle With the SEC? - U.S News & World Report Money

  17-10-2023 22:54
  
  Bitcoin ETF: What's Next in Grayscale's Battle With the SEC?  U.S News & World Report Money
  
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• GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision

  17-10-2023 22:44
  
  The fund’s shares have traded at a discount to NAV since December 2021.
  
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• Digital Dollar May Pose 'Significant Risk,' Fed Governor Bowman Says

  17-10-2023 22:33
  
  Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
  
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• South Korean regulator outlines steps to enhance digital asset legislation

  17-10-2023 22:30 via cointelegraph.com
  
  The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.
  
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• Bitcoin Investor Scaramucci Names 3 Reasons Why He's Bullish on Flagship Cryptocurrency - U.Today

  17-10-2023 22:29
  Bitcoin Investor Scaramucci Names 3 Reasons Why He's Bullish on Flagship Cryptocurrency  U.Today
  
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• US expands export controls for AI semiconductor chips to China

  17-10-2023 22:11 via cointelegraph.com
  
  The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.
  
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• Europe's AML regulations come at a high cost — for your privacy and otherwise

  17-10-2023 22:05 via cointelegraph.com
  
  The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.
  
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• Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: CryptoQuant

  17-10-2023 22:00 via newsbtc.com
  CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching the spot ETFs.
  Bitcoin Could See A 165% Rise When The Spot ETFs Launch
  Yesterday, fake news of the approved iShares Bitcoin spot ETF took the sector by storm, as all cryptocurrencies observed sharp rallies. At the peak of this surge, BTC had approached the $30,000 level.
  However, when the market realized the truth about the announcement, the asset quickly retraced to the
  
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• Why Power Is Passing to Courts to Make US Crypto Policy

  17-10-2023 21:47
  
  Congressional inaction, the decline of the Chevron doctrine, and regulation by enforcement are decentralizing policy-making power over emerging technologies like blockchain and AI, says Michele Neitz.
  
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• Reddit-Based Tokens Plunge on Report of Wind Down of Community Points

  17-10-2023 21:35
  
  MOON, BRICK and DONUT are each lower by 60%-90%.
  
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• Cryptocurrency Is About To Go Mainstream With Latest Bitcoin ETF ... - Nasdaq

  17-10-2023 21:09
  
  Cryptocurrency Is About To Go Mainstream With Latest Bitcoin ETF ...  Nasdaq
  
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• Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?

  17-10-2023 21:00 via newsbtc.com
  
  Shiba Inu’s ecosystem hasn’t been spared from the crypto market volatility in recent weeks, as the price has been caught in a whirlwind of uncertainty in recent times. While investors are still wondering about the short-term outlook of the crypto, a Shiba Inu whale has gone ahead to move $32.4 million in SHIB tokens into an unknown wallet. 
  Whale Moves $32.4 Million Shiba Inu
  This whale transfer appears to have generated interest from SHIB investors, considering the relatively q
  
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• Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios

  17-10-2023 20:47
  
  Binance, Coinbase and Ripple are just some of the firms that have tried to apply an ill-defined legal doctrine meant to curb overzealous regulators.
  
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• Fantom Foundation hot wallet hacked for $550K

  17-10-2023 20:37 via cointelegraph.com
  
  Fantom Foundation lost $550,000 worth of cryptocurrency through a vulnerability in the official Fantom wallet.
  
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• Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better

  17-10-2023 20:24 via cointelegraph.com
  
  Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.
  
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• Protocol Village: Bracket Launches Testnet for Arbitrum-Based Trading Platform 'Passage'

  17-10-2023 20:12
  
  The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 16-22, with live updates throughout.
  
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• Time To Cash Out? Bitcoin’s 4-Hour RSI Triggers Sell Indicator

  17-10-2023 20:00 via newsbtc.com
  
  Bitcoin (BTC) has retraced to the $28,400 level following a failed breakout above $30,000, resulting in a high rate of liquidations for both long and short positions. 
  Additionally, the recent fake news surrounding the approval of Blackrock’s spot Bitcoin Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission has disrupted the upward trend and introduced new bearish indicators in the Bitcoin market.
  RSI Screams Sell
  Renowned trader and crypto analyst Ali Martinez sugg
  
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• Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’

  17-10-2023 20:00 via cointelegraph.com
  
  The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video.
  
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• Sui Foundation Calls Report of Supply Manipulation 'Materially False'

  17-10-2023 19:58
  
  SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance.
  
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• r/CryptoCurrency Moons (MOON): How Risky is It Tuesday? - InvestorsObserver

  17-10-2023 19:30
  r/CryptoCurrency Moons (MOON): How Risky is It Tuesday?  InvestorsObserver
  
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• Calgarians have lost over $22 million to cryptocurrency scams in 2023 - Global News

  17-10-2023 19:23
  Calgarians have lost over $22 million to cryptocurrency scams in 2023  Global News
  
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• BC Technology Denies Report of $128M Crypto Exchange Sale

  17-10-2023 19:19
  
  Firm calls report by Bloomberg “factually inaccurate and highly misleading.”
  
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• Nishad Singh says there was 'a lot' he didn't remember about FTX in 2022 — SBF trial

  17-10-2023 19:04 via cointelegraph.com
  
  Sam Bankman-Fried's defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
  
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• Nishad Singh says there is ’a lot’ he doesn’t remember about FTX in 2022 — SBF trial

  17-10-2023 19:04 via cointelegraph.com
  
  Sam Bankman-Fried’s defense team cross-examined former FTX engineering director Nishad Singh following questions from the prosecution on Oct. 16.
  
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• Polkadot Road To Recovery – Will $4 Mark The Turning Point?

  17-10-2023 19:00 via newsbtc.com
  
  Polkadot (DOT) has been grappling with a descending resistance trendline, experiencing a relentless decline since February. In the month of October, the digital asset suffered a 10% drop, plummeting from $4.3 to $3.6. 
  Market analysts are warning of the potential for further losses should the prevailing bearish pressure persist. However, a slight glimmer of hope emerged as DOT attempted a reversal at $3.6, hinting at the possibility of overcoming the overhead resistance barrier.At present,
  
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• EU Formally Agrees on New Crypto Tax Data Sharing Rules

  17-10-2023 18:52
  
  The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
  
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• Tokenized RWAs Could Grow to a $10T Market by 2030 as Crypto Converges to TradFi: Report

  17-10-2023 18:47
  
  The market for tokenized real-world assets could grow to $10 billion by 2030 as crypto is maturing and increasingly integrates with existing financial plumbing, crypto asset management firm 21.co said in a report.
  
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• Platypus Finance recovers 90% of assets lost in exploit

  17-10-2023 18:30 via cointelegraph.com
  
  As per its agreement, project developers will not pursue legal action against the hacker.
  
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• BlackRock CEO Larry Fink Seeing Client Demand for Crypto 'Around The World'

  17-10-2023 18:17
  
  Rumors about spot bitcoin ETF approvals aside, Fink called the recent rally a “flight to quality.”.
  
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• Fantom Foundation Wallets Drained; $657K Stolen

  17-10-2023 18:12
  
  The foundation wallets of the Fantom blockchain have been drained on both Ethereum and Fantom, according to blockchain security analyst Certik.
  
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• Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'

  17-10-2023 18:05
  
  Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.
  
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• Scroll Confirms Mainnet Live, as Co-Founder Predicts Speed Gains Over Ethereum

  17-10-2023 18:00
  
  Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week.
  
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• Ripple Job Posting Sparks IPO Rumors, Will XRP Price Finally Cross $100?

  17-10-2023 18:00 via newsbtc.com
  
  The Ripple Initial Public Offering (IPO) rumors continue to wax stronger as many expect that the event will push the XRP price upward. Back then, it was mostly just rumors and speculation, but the XRP community has gotten their hands on a Ripple job listing that suggests there might be some truth to the IPO rumors.
  Ripple Is Looking For A Shareholder Communications Manager
  In a listing that was shared by multiple influencers in the XRP community, Ripple looks to be on the hunt for a Shareholder
  
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• 7 crypto leaders share tips to help Web3 companies prep for tax season

  17-10-2023 18:00 via cointelegraph.com
  
  Web3 companies face unique challenges when it comes to prepping for tax season, and they need to employ smart strategies to tackle them.
  
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• Immutable delays $67M token vesting by another year

  17-10-2023 17:54 via cointelegraph.com
  
  125 million IMX tokens allocated for developer rewards will be vested monthly starting July 2024.
  
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• SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch

  17-10-2023 17:52
  
  Sam Bankman-Fried's former colleague, Nishad Singh, will have to answer questions from the FTX founder's lawyer about the last few years of the exchange's operations.
  
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• Fantom Foundation hacked for an estimated $6.7M: Report

  17-10-2023 17:36 via cointelegraph.com
  
  Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account.
  
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• Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock

  17-10-2023 17:30
  
  The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin.
  
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• Cryptocurrency Trading App Vibra Shuts Down Nigerian Operations ... - TechEconomy.ng

  17-10-2023 17:22
  
  Cryptocurrency Trading App Vibra Shuts Down Nigerian Operations ...  TechEconomy.ng
  
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• BTC price models hint at $130K target after 2024 Bitcoin halving

  17-10-2023 17:20 via cointelegraph.com
  
  Bitcoin is due to double its current BTC price all-time high within two years of the April 2024 halving, the models suggest.
  
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• Cryptocurrency OKB Up More Than 5% In 24 hours - Benzinga

  17-10-2023 17:00
  
  Cryptocurrency OKB Up More Than 5% In 24 hours  Benzinga
  
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• Analyst Points Out Weird Bitcoin Activity On Bybit & Deribit Before Flash Surge

  17-10-2023 17:00 via newsbtc.com
  
  An analyst has pointed out how some suspicious Bitcoin buying activity took place on Bybit and Deribit in the leadup to yesterday’s flash surge.
  Bitcoin Taker Buy Sell Ratio Saw Extraordinary Spikes On Bybit & Deribit Yesterday
  In a new post on X, Julio Moreno, head of research at CryptoQuant, discussed how the BTC taker buy-sell ratio looked like for the different exchanges in the market leading up to the surprise rally yesterday.
  The “taker buy sell ratio” here refers to
  
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• 6 things tax professionals need to know about cryptocurrency taxes - Thomson Reuters

  17-10-2023 17:00
  
  6 things tax professionals need to know about cryptocurrency taxes  Thomson Reuters
  
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• Why Congress Will Be the Dollar’s Downfall

  17-10-2023 16:55
  
  Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.
  
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• Binance.US asks users to convert USD into stablecoins for withdrawals

  17-10-2023 16:08 via cointelegraph.com
  
  Binance.US users “may convert” their U.S. dollar holdings to stablecoins or other digital assets to withdraw the funds from their accounts, the firm said.
  
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