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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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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Transak, a company providing fiat-to-crypto services, has reported a significant data breach affecting more than 92,000 users. In an Oct. 21 update, the firm revealed that the breach stemmed from a phishing attack targeting an employee’s laptop, leading to unauthorized access to sensitive user information. According to Transak, the attackers exploited the employee’s credentials to […]
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Coinbase filed two new Freedom of Information Act (FOIA) requests on Oct. 18, seeking regulatory clarity for crypto in the US. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were filed by History Associates Incorporated on behalf of the exchange. Coinbase chief legal officer Paul Grewal said one of the requests […]
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Europe’s largest Bitcoin miner, Northern Data, is exploring the potential divestment of its mining division, Peak Mining, as part of a strategic shift to focus entirely on its rapidly growing AI Solutions business, according to an Oct. 21 press release. The potential sale marks a significant move away from the company’s mining roots as it […]
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VanEck has launched staking for its Solana exchange-traded note (ETN) VSOL in the European market. Matthew Sigel, head of digital asset research at VanEck, confirmed the rollout on Oct. 21. He noted that the new staking option allows investors to earn rewards, which will be reflected in the daily net asset value (NAV) of the […]
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Japan’s National Police Agency announced that an investigation into Monero (XMR) transactions led to the arrest of 18 individuals involved in a scam, including the suspected ringleader, Yuta Kobayashi. On Oct. 21, local media outlet Nikkei reported that the arrests followed the agency’s analysis of approximately 900 fraudulent Monero transactions, which reportedly caused over 100 […]
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UK’s Financial Conduct Authority (FCA) has defended its tough regulatory environment for crypto businesses in an Oct. 21 blog post by Val Smith, the regulator’s head of payments and digital assets. In the post, Smith noted that industry experts have claimed that the UK’s “approach could stunt innovation” and it could also impact the country’s […]
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iShares Bitcoin Trust ETF (IBIT) recorded over $1.1 billion in new cash inflows last week, marking its strongest performance since March 2024. Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, shared the data, highlighting IBIT’s rapid ascent in the ETF landscape. IBIT surpassed Vanguard’s Total Stock Market ETF (VTI) to secure the third spot in […]
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Quick Take Bitcoin mining often faces criticism for its energy consumption and environmental impact. However, it also offers significant benefits, particularly in grid stabilization and energy efficiency. One key advantage is the ability of Bitcoin miners to switch on and off instantly, allowing them to respond to fluctuations in energy demand. For instance, Pierre Rochard, […]
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Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims […]
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Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5,  the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand […]
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The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is […]
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Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle […]
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India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously […]
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The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation. In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US […]
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A federal judge has rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, Reuters reported Sept. 6. The lawsuit accuses the largest US crypto exchange of downplaying the likelihood of being sued by the US Securities and Exchange Commission (SEC). US District Judge Brian Martinotti ruled on Sept. 5 that shareholders adequately […]
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Onchain Highlights DEFINITION: This metric, compares the monthly average 🔴 of new addresses against the yearly average 🔵 to underline relative shifts in dominant sentiment and help identify when the tides are turning for network activity. Monthly 🔴 > Yearly 🔵 indicates an expansion in on-chain activity, typical of improving network fundamentals and growing network […]
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