Swan Bitcoin has sued several former employees, accusing them of illegally taking highly prized components of its BTC mining business. Filed on September 25, the lawsuit claims these executives, now running Proton Management, conspired to misappropriate Swan’s intellectual property and secured funding from Tether to create a “counterfeit competitor.” Rain and Hellfire Plan The court filing...Read More
In the past few days, the cryptocurrency market has recovered significantly, but Maker (MKR) though initially lagging, now appears poised for a significant rally. With bullish market sentiment, MKR has recently broken out of its bullish price action pattern resulting in an increase in interest from traders and investors. Maker (MKR) Technical Analysis and Upcoming...Read More
Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), believes there have been significant changes in the financial market requiring upgraded definitions of exchanges and alternative trading platforms. During the 10th Annual U.S. Treasury Market Conference on September 26, Gensler highlighted the shifts in the capital markets since the SEC first...Read More
Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the time has come for a meme coin breakout. As a result, he has added some tokens to his portfolio to maximize his returns. A series of tweets from the American entrepreneur revealed that he has been purchasing several meme coins, including Pepe (PEPE), Mother Iggy...Read More
Roman Storm, co-founder of Tornado Cash, will face trial on money laundering charges on December 2 in New York. This is after U.S. District Judge Katherine Polk Failla rejected his motion to dismiss three charges brought against him by the U.S. Department of Justice. (DOJ) Judge Rejects Roman Storm’s Defense During a remote hearing on...Read More
The entire cryptocurrency market has experienced a late 2024 revival since the middle of last week when the US Federal Reserve cut the interest rates in the country by 50 basis points. While BTC, ETH, and other altcoins have produced impressive gains, Ripple’s native token is trailing behind, trading mostly flat on a weekly and...Read More
On Sept. 27, Fortune reported that Changpeng Zhao (CZ) will step out onto the streets of California as a free man two days before his official release date. The outlet reported that if a release date falls on a weekend, inmates leave custody early. CZ was scheduled for release on Sept. 29 following four months...Read More
Around 89,000 Bitcoin options contracts are due for expiry on Friday, Sept. 27. These BTC derivatives have a notional value of around $5.8 billion. Today’s options expiry is a whopper due to the end of the month and the end of the third quarter, so it could impact spot markets, which have been on the...Read More
Arthur Hayes, co-founder of the crypto exchange BitMEX, believes Bitcoin is the “release valve” for fiat printed by traditional finance governments to suppress volatility in financial markets to unnatural levels. In an essay titled Volatility Supercycle, Hayes discussed how politicians printing money to create a calm economic surface triggers volatility in crypto and pushes the...Read More
A Singapore court has reportedly granted a four-month moratorium to Indian cryptocurrency exchange WazirX, following the company’s request for a temporary reprieve. The moratorium, however, comes with some conditions, including full transparency of the exchange’s wallet addresses and financial records. Court’s Conditions This development comes after WazirX was hit by a massive hack in July,...Read More
Federal prosecutors have indicted New York City Mayor Eric Adams following corruption investigations that have triggered the retirements and resignations of several members of his administration. Adams, a former police captain, made the headlines in 2021 when he pledged to take his first three paychecks in Bitcoin (BTC) when he became mayor. Charges Remain Unclear...Read More
Amid the ongoing market reversal, Telegram-linked Toncoin (TON) has experienced a breakout from a long consolidation zone, with on-chain metrics now flashing a buy signal. Prior to this rally, TON had been consolidating between $5.38 and $5.80, near the $5.75 resistance level for the past two weeks. TON Price Momentum However, today’s impressive rally broke...Read More
LINK, the native cryptocurrency of the Ethereum-based decentralized blockchain oracle network Chainlink, has witnessed a price breakout fueled by strong on-chain activity and increasing investor confidence. An analysis by blockchain intelligence platform Santiment revealed that technical indicators for LINK suggest there is a potential for continued price gains and that the asset’s long-term outlook remains...Read More
Dogecoin’s price has been on a roll in the past few weeks, having surged by about 30% since September 7. Recent data provided by the popular cryptocurrency analyst Ali hints at another similar rally should the meme coin decisively conquer the $0.11 resistance. Alongside the rest of the market, DOGE dumped hard in the first...Read More
Bitcoin’s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times. According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue. #Bitcoin whales sold over 20,000 $BTC...Read More
PayPal Holdings, Inc. has announced a major new feature for U.S. merchants, enabling them to buy, hold, and sell cryptocurrency directly from their business accounts. This new feature aims to enhance crypto usage for businesses across the United States, except New York State, at launch. New Capabilities for Business Account Holders According to a September...Read More
On Sept. 26, CryptoQuant founder Ki Young Ju reported that America is regaining dominance in terms of BTC holdings. Its ratio compared to other countries is rising, “driven by spot ETF demand,” he added. According to the US reserve ratio chart he provided, holdings have been increasing for the past year but have yet to return...Read More
Base, the Ethereum layer-2 protocol developed by crypto exchange Coinbase, has recently witnessed a surge in its activities, resulting in a significant increase in its daily active addresses. According to data from the on-chain analytics platform IntoTheBlock, the increase in Base’s daily active addresses can be linked to the launch of Coinbase Wrapped Bitcoin (cbBTC)...Read More
Caroline Ellison was sentenced to two years in federal prison on Tuesday for her involvement in the FTX fraud scandal. The 30-year-old was also ordered to forfeit $11 billion, which she earned through her association with the now-collapsed cryptocurrency exchange. Ellison’s Cooperation Judge Lewis A. Kaplan, who presided over the case, acknowledged the former Alameda...Read More
Vitalik Buterin, co-founder of Ethereum, took to social media platform X to commend Celo’s growth. The blockchain network recently outpaced Tron in daily active addresses for stablecoin usage. Celo’s Growth In his post, Buterin expressed enthusiasm for the achievements, stating: “This is amazing to see. Improving worldwide access to basic payments and finance has always...Read More
Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana. VanEck’s research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see what’s what. Solana Vs. Ethereum The report, authored by Martin...Read More
Sources familiar with the living arrangements of the Metropolitan Detention Center (MDC) in Brooklyn have revealed interesting facts about two popular inmates. The recently arrested American rapper and celebrity Sean Combs, popularly known as Diddy, is in the same cell with Sam Bankman-Fried (SBF), the convicted founder of the bankrupt crypto exchange FTX. According to...Read More
Bitcoin’s correlation with one of the oldest and arguably the safest investment instruments, gold, has risen to a five-month peak, according to data from IntoTheBlock. At the same time, Ethereum’s numbers point to precisely the opposite, even though ETH is supposed to be ultra-sound money following some of its updates in the past few years....Read More
On Sept. 25, the founder of Lyn Alden Investment Strategy announced that her recently commissioned research paper has measured global money creation relative to other asset classes. Alden’s paper revealed that bitcoin moves in the direction of global money supply (M2) 83% of the time and more than other assets. Bitcoin has demonstrated a strong...Read More
On Sept. 24, Minnesota Representative Tom Emmer took aim at Gary Gensler over his “disastrous record” as Chairman of the SEC. The grilling came during a House Financial Services Committee congressional hearing. Emmer accused Gensler of expecting political allegiance from SEC staff, including civil servants; however, the SEC chair denied this claim despite email evidence to...Read More
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has reported a shift in crypto adoption among the country’s top financial advisors. Reflecting on his speech at the Barron’s Advisor 100 Summit last Friday, Hougan noted that 70% of the attending financial advisors now personally hold cryptocurrency, a noteworthy increase from just two years ago...Read More
Solana (SOL), the fifth-biggest cryptocurrency by market cap appears bullish and poised for a massive upside rally following its consolidation breakout. After consolidating in a tight range between $141 and $150 for the last five days, SOL has finally broken out of that zone and is now ready for the rally. Solana (SOL) Current Price...Read More
According to a Sept. 23 report by tech outlet The Information citing ‘people familiar with the matter,’ the blockchain prediction platform is in talks to raise $50 million in funding. The New York-based company is also considering issuing its own token to run its betting market, with potential funding round investors receiving warrants to buy...Read More
A group of Republican lawmakers, headed by Rep. Patrick McHenry and Sen. Cynthia Lummis, have raised concerns over the Securities and Exchange Commission’s (SEC) approach to regulating crypto custody. In a letter addressed to SEC Chair Gary Gensler, the lawmakers demanded the agency “rescind” its Staff Accounting Bulletin No. 121 (SAB 121). Critique of SAB...Read More
The yellow metal recently broke past the $2,630 mark, registering a new record high, but Peter Schiff, the well-known gold advocate, is concerned that investors aren’t paying attention. According to him, the market’s obsession with Bitcoin (BTC) has overshadowed the critical signals gold is sending about the state of the economy. Schiff Decries Bitcoin Attention...Read More
