Majority of Bitcoin metrics reveal bearish outlook with price just 6% from all-time high

Nine out of nineteen core Bitcoin metrics tracked by CryptoQuant currently suggest a bearish outlook for the top digital asset. Just five are bullish, and the remaining five indicate a neutral position. Bitcoin’s price currently stands at $69,405.59, reflecting a 4% decrease over the past 24 hours but a 2.61% increase over the last seven […]
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Cryptocurrency

Radiant Capital exploit accounts for half of October’s six-month low $116M crypto crime

October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit […]
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Cryptocurrency

Bitcoin falls below $70k causing $289 million in total market liquidations

Bitcoin’s price surged to $72.9k yesterday, nearing its all-time high of $73.7k, before reversing to $69.2k at press time. This volatility led to liquidations totaling $289.93 million in the past 24 hours, affecting 96,574 traders, according to data from Coinglass. Long positions suffered the most, with $259.21 million liquidated, while short positions accounted for $30.72 […]
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Cryptocurrency

MakerDAO founder proposes strict deflationary tokenomics amid rebranding process

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
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Cryptocurrency

SEC crackdown continues with Immutable latest to receive Wells Notice

The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC’s “regulation-by-enforcement” policy targeting the crypto industry. It added that the […]
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Cryptocurrency

Tether hits $7.7 billion in profit YTD as reserves reach record high

Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit. According to Tether’s latest assurance opinion, conducted by accounting firm […]
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Cryptocurrency

Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary

Former President Donald Trump marked the 16th anniversary of the Bitcoin (BTC) whitepaper with a pledge to end the “war on crypto,” presenting a stark alternative to current policy as he seeks support from crypto advocates ahead of the Nov. 5 election. Trump’s post on social media, which also targeted Democratic rival Kamala Harris, highlighted […]
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Cryptocurrency

Crypto firms among top targets of audio and video deepfake attacks

Crypto companies are among the most affected by audio and video deepfake frauds in 2024, with more than half reporting incidents in a recent survey. According to the survey conducted by forensic services firm Regula, 57% of crypto companies reported being victims of audio fraud, while 53% of the respondents fell for fake video scams. Those […]
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Cryptocurrency

Blockchain Association slams SEC enforcement actions under Gensler for stifling growth

The Blockchain Association, a leading crypto advocacy group, reported that its member firms have collectively spent over $400 million addressing enforcement actions initiated by the US Securities and Exchange Commission (SEC) under chair Gary Gensler. In an Oct. 31 statement, the association highlighted that Gensler’s SEC has filed 104 enforcement actions against players in the […]
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Cryptocurrency

StanChart sees high volatility for Bitcoin in lead up to US elections

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, cautioned that Bitcoin (BTC) may experience heightened volatility in the days before the US presidential elections. Kendrick’s analysis pointed to key metrics indicating an optimistic yet cautious market sentiment among Bitcoin traders as investors brace for economic and regulatory shifts related to the political event. […]
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Cryptocurrency

Top Line Business Development Corp. gets PSE nod to raise funds via IPO

The Philippine Stock Exchange, Inc. (PSE) has given the go signal for Top Line Business Development Corp. (Topline) to proceed with its initial public offering (IPO) tentatively slated for November 27 to December 3, 2024. The Cebu-based fuel retailer will offer up to 3.68 billion primary shares, with up to 368.31 million over-allotment option shares. The IPO shares are…
News

The Devcon schedule is live!

Hi Ethereum frens, With just 13 days to go until Devcon, we’re amazed by how huge this year’s event will be! Our expected number of attendees has doubled since last time (12,000 vs. 6,000 in Bogotá), we have more than twice the number of Community Hub...
Cryptocurrency

Meet the teams at the Devcon Impact Forum

Devcon community, We’re excited to introduce the teams joining us for the Devcon SEA Impact Forum. These areas in the Devcon venue are where you can meet contributors driving important Ethereum projects, explore the ecosystem, and connect with innovat...
Cryptocurrency