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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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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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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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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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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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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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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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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