Crypto

Bitcoin Technical Analysis: BTC Navigates Tides of Low Volume and Market Swells

On Sunday morning Eastern Time (ET), bitcoin’s trading value hovers slightly over the $37,000 mark per unit, peaking at $37,294 for the day. There’s a slight dip in BTC trading volume over the weekend compared to the previous weekday, totaling $10.76 billion of the crypto economy’s $67.15 billion. Over the last day, bitcoin has seen […]

12 Nov 2023

XRPL’s fixReducedOffersV1 upgrade initiates 80% consensus countdown

FixReducedOffersV1 aims to minimize the prevalence of order books obscured by reduced offers, enhancing the overall functionality of the XRPL.

12 Nov 2023

Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges

Irina Dilkinska, the head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges.” The charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity. The $110 Million Transfer to a Cayman Islands Entity Irina Dilkinska, […]

12 Nov 2023

Near Foundation and Polygon Labs Partner to Build Zero-Knowledge ‘Prover’ for WASM Chains

Near Foundation and Polygon Labs recently announced that they would build “a zero-knowledge (ZK) prover for WASM blockchains.” For WASM chains using the zkWASM prover, settling transactions will be more efficient and cost-effective with maximum security guarantees. Transaction Settling More Efficient and Cost-Effective Near Foundation, the organization supporting the development of the NEAR ecosystem, has […]

12 Nov 2023

FTX files billion-dollar lawsuit against ByBit over asset withdrawals

The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform.

12 Nov 2023

Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy

Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting a usage-based model that rewards server contributions with bitcoin payments. Bitstream Revealed: A White […]

12 Nov 2023

Longtime Crypto Critic Nouriel Roubini Launches Token

In 2018, he projected that the price of Bitcoin is going to zero “unless the crypto-manipulation gangs start pumping and dumping or wash trading again.”

12 Nov 2023

US Lawmaker: Crypto Is Not the Problem, Bad Actors That Exist in Every Industry Are

U.S. Senator Cynthia Lummis has defended crypto against claims that the asset class is heavily used in illicit finance. Emphasizing that “Crypto is not the problem, bad actors that exist in every industry are,” the lawmaker pointed out that crypto accounts for less than 1% of all illicit finance activity. In addition, she has urged […]

12 Nov 2023

US Government Remains Hostile Toward Crypto Despite Ripple’s SEC Win, Says CEO

Ripple’s CEO says the U.S. government is still hostile toward crypto despite the cryptocurrency firm’s victory against the U.S. Securities and Exchange Commission (SEC). “Until that changes, the banks in the United States are not going to engage meaningfully,” he warned, adding: “I don’t think the window has passed for the U.S. to be a […]

12 Nov 2023

Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report

The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds.

12 Nov 2023

BlackRock Ethereum ETF Confirmed, Ether Surges in Price

The U.S. SEC is currently reviewing 12 spot bitcoin (BTC) ETF applications, including the previous BTC ETF application from BlackRock.

12 Nov 2023

Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement

Ripple CEO Brad Garlinghouse said the U.S. SEC’s actions toward the crypto industry have failed in protecting investors and needs to reassess its regulatory strategy. Speaking to CNBC’s Dan Murphy at the Ripple Swell conference in Dubai, Garlinghouse expressed concern about the SEC’s focus and questioned: “Who are they protecting in this journey?” The CEO […]
The post Ripple CEO criticizes SEC for stifling crypto innovation with aggressive enforcement appeared first on CryptoSlate.

12 Nov 2023

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

The group, “Bitcoin Argentina,” previously rejected the idea that regulation was needed in the cryptocurrency industry.

12 Nov 2023

FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse

FTX and Alameda bankruptcy advisers made allegations of fraud against crypto exchange Bybit, its two corporate affiliates, and four senior executives, in a lawsuit filed on Nov. 10. The lawsuit alleged that the defendants used a “fraudulent scheme” to withdraw cash and assets from the FTX platform, right before it collapsed. FTX is looking to […]
The post FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse appeared first on CryptoSlate.

11 Nov 2023

Solana surges 18% to hit new yearly high above $63

Solana (SOL) surged another 18% to hit a new yearly all-time high of $63.98 on Nov. 11 to cap off an impressive 40% rally this week. The token has since retraced some of the gains and is trading at $59.34 as of press time, according to CryptoSlate data. The past seven days mark the best […]
The post Solana surges 18% to hit new yearly high above $63 appeared first on CryptoSlate.

11 Nov 2023

Why the service industry needs blockchain, explained

The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data.

11 Nov 2023

Why is Solana (SOL) price up today?

Solana price is up today as a combination of technical and onchain factors paint a bullish outlook for SOL.

11 Nov 2023

From the Ground Up: Developer Empowerment for a Sustainable Future

The following is a guest post from Sunny Lu, the CEO of Vechain. Web3 builders are the beating heart of the blockchain industry. Without them, this technology wouldn’t be the disruptive technical engine that it is in 2023. However, while there are more monthly active developers today than there were before 2021, we saw a […]
The post From the Ground Up: Developer Empowerment for a Sustainable Future appeared first on CryptoSlate.

11 Nov 2023

Indian Supreme court rejects crypto petition, highlights legislative nature

Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature.

11 Nov 2023

What does BITO say about the fate of a spot Bitcoin ETF?

The post What does BITO say about the fate of a spot Bitcoin ETF? appeared first on CryptoSlate.

11 Nov 2023

Ripple faces slim odds of $770M disgorgement – XRP holder Attorney

Deaton underscores that the legal action against Ripple is not centered on fraud but rather constitutes a regulatory disagreement.

11 Nov 2023

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

The MicroStrategy co-founder emphasized that demand for Bitcoin will significantly ramp up following the halving next year.

11 Nov 2023

BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently

BlackRock questioned the SEC's preference for the 1940 Act that oversees futures ETFs, and argued that it lacks relevancy to both crypto-spot and crypto-futures ETFs.

11 Nov 2023

Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.

11 Nov 2023

Coinbase rolls out on-chain credential verification using the Ethereum Attestation Service

Coinbase announced a feature on Nov. 9 that allows users to attest their account and country credentials on-chain and access additional benefits. Coinbase’s help pages indicate that issued verifications are meant to serve as a “trusted badge” that grants access to on-chain apps and benefits. Coinbase said that verification will initially provide users with a […]
The post Coinbase rolls out on-chain credential verification using the Ethereum Attestation Service appeared first on CryptoSlate.

10 Nov 2023

We’ve Seen the FTX Collapse Before

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10 Nov 2023

Microsoft briefly blocks ChatGPT for its employees, attributing error to systems test

Microsoft briefly prevented its employees from using ChatGPT and other artificial intelligence (AI) tools on Nov. 9, CNBC reported on the same day. CNBC claimed to have seen a screenshot indicating that the AI-powered chatbot, ChatGPT, was inaccessible on Microsoft’s corporate devices at the time. Microsoft also updated its internal site, stating that due to […]
The post Microsoft briefly blocks ChatGPT for its employees, attributing error to systems test appeared first on CryptoSlate.

10 Nov 2023

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.

10 Nov 2023

Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack

Raft's R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.

10 Nov 2023

Solana price hits a new 2023 high — What’s behind the SOL rally?

SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors.

10 Nov 2023