Nishad Singh – FTX’s former director of engineering – revealed more details about the crypto exchange’s profligate spending during his testimony at Sam Bankman-Fried’s fraud trial on Monday. Singh pled guilty to both money laundering and campaign finance violations, breaking down his involvement in the company’s over $100 million in donations to political candidates. Excessive...Read More
In spite of previous high-profile disappointments tied to the crypto industry, such as 3AC and the ill-fated investment into FTX, the Singaporean government has been approving quite a few crypto platforms during the past weeks. The latest to get the preliminary nod is the South Korean giant – UPbit. Spree Of Approvals Ripple, Coinbase, and...Read More
Lawyers representing Sam Bankman-Fried have once again raised concerns about their client’s access to Adderall, a medication prescribed for his ADHD. The legal team is requesting that Bankman-Fried be granted additional Adderall during his hearings, arguing that his concentration and ability to testify in his defense may be affected without access to the medication. SBF’s...Read More
On-chain data shows that a wealthy crypto investor lost $49,000 on a bad trade following false reports about BlackRock receiving approval on its Bitcoin ETF application. As noted by analysts from Lookonchain on Monday, an anonymous whale traded $613,201 in USDC for 20.5 Wrapped Bitcoin (WBTC) using 1Inch shortly after the initial report dropped. At...Read More
The crypto market is seeing a broad rally today, with Bitcoin (BTC) surging past $28,000 and Solana (SOL) gaining over 6%. A new meme coin, Meme Kombat (MK), is also making waves in its presale as investors regain their appetite for speculative altcoins. With prices across crypto assets on the rise, some investors are beginning...Read More
The Ethereum blockchain validator queue has cleared for the first time since the Shanghai upgrade in May, according to a research report from Coinbase. The drop suggests that investor demand for ether (ETH) staking may stabilize. Validators play a crucial role in verifying transactions on the Ethereum blockchain by committing ether in exchange for rewards....Read More
Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – reached its lowest point in 22 months last Friday. The decline in the discount has sparked optimism as spot Bitcoin exchange-traded funds (ETFs) in the United States are moving closer to becoming a reality. This comes as the SEC passed the deadline to appeal...Read More
Tether announced a total of $835 million in assets primarily linked to various criminal activities, such as theft (resulting from blockchain and exchange hacks), along with smaller portions associated with other illicit activities. The stablecoin issuer has actively cooperated with 31 law enforcement agencies worldwide, assisting in investigations spanning 19 different jurisdictions. Among the countries...Read More
Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum (ETH) pledger, committing over 282,796 ETH, approximately equivalent to $439 million. Sun committed significantly to the Ethereum 2.0 staking platform, Lido, utilizing two distinct addresses. This recent blockchain activity underscores Sun’s ongoing investment in the Ethereum ecosystem. Sun’s Investment in the Ethereum Ecosystem On Oct....Read More
[PRESS RELEASE – Geneva, Switzerland, October 16th, 2023] Dukascopy Bank, a financial leader in banking and investing is introducing its pioneering crypto lending program. This new service allows people who own cryptocurrencies to quickly get cash without giving up their cryptocurrency investments. With Dukascopy’s crypto lending program, users can tap into 50% of their crypto...Read More
Tomorrow, a new ORBS listing – ORBSUSDT – will be available to trade on BitMEX, and with up to 10x leverage. For the lowdown on the latest listing, read on. Or, if you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can...Read More
After experiencing a massive price plunge in the crypto industry during the last week, The market leader, Bitcoin price, has displayed a bullish move as the star crypto has gained 3.62% within the last day. BTC is currently hovering close to its crucial resistance level of $28,000 and is expected to surpass it soon. BlackRock’s...Read More
A new NTRN listing – NTRNUSDT – is now available to trade on BitMEX, and with up to 10x leverage. For the lowdown on the latest Neutron listing, read on. If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users – you can register...Read More
Bitcoin has just set a new record for the time spent in a mid-cycle consolidation phase between market cycle peaks. It has been in this phase for eight months, according to technical analyst ‘CryptoCon,’ who added that this cycle is still playing out the same as previous ones. The analyst has used Fibonacci retracement levels...Read More
Despite a market-wide slowdown this quarter, data suggests stakeholders continue to see substantial potential in the blockchain gaming space. Recent data from Dapp Radar’s Q3 report reveals that Web3 gaming projects have managed to accumulate a whopping $600 million, bringing the year’s total investment to an impressive $2.3 billion. While this is only 30% of...Read More
