Cryptocurrency News
Billion with a B: FTX Co-founder Gary Wang Reveals the Extent of The Alleged Fraud
Crypto News - 7 Oct 2023 00:48
The trial of former crypto golden boy Samuel Bankman-Fried continued Friday, October 6th in Manhattan Federal Court with FTX co-founder Gary Wang continuing his long-awaited testimony. In it, Wang claimed Alameda Researc...
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: 'Central Bank Digital Currencies Will Become the Basis of Payments'
Bitcoin.com - 7 Oct 2023 00:30
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements....
October Resurgence: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC
Bitcoin.com - 7 Oct 2023 18:30
Though Bitcoin’s value has risen from its position last month, September saw a surge in dormant Bitcoin transfers from long-inactive BTC wallets. This trend hasn’t slowed; in the initial week of October, several 2014...
Bankman-Fried's House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
Bitcoin.com - 7 Oct 2023 01:30
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Al...
SBF trial underway, Mashinsky trial set, Binance's market share shrinks: Hodler's Digest, Oct. 1-7
Coin Telegraph - 7 Oct 2023 23:43
Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance's market share shrinks.
Backed Finance Tokenizes Treasury Bond ETF on Coinbase's Base Network
Bitcoin.com - 7 Oct 2023 23:30
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentr...
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
Bitcoin.com - 7 Oct 2023 21:30
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain's updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services...
$8B Margin Mystery: Alameda's Caroline Ellison to Testify Against Bankman-Fried Next Week
Bitcoin.com - 7 Oct 2023 20:00
After hearing witness accounts in the FTX trial this week, proceedings will resume on Tuesday, October 10, 2023. Caroline Ellison, former CEO of Alameda Research, is reportedly slated to take the stand. Ellison’s testi...
Friend.tech Developers Amass Nearly $20 Million Since August Debut
Crypto News - 7 Oct 2023 18:0024 Hours Left Before Stage 8 of Scorpion Casino Presale Ends - Why this New Crypto Shouldn't be Missed
Crypto News - 7 Oct 2023 15:40
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The eighth stage of the Scorpion Casino (SCORP) presale is coming to an end. In 24 hours, the presale price will increas...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman
Bitcoin.com - 7 Oct 2023 14:30
Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, ...
$1m Fortune Won Playing Slots Game on No.1 Telegram Casino Mega Dice
Crypto News - 7 Oct 2023 13:31
A lucky player has won a $1 million fortune on the slots at No.1 Telegram casino, Mega Dice. A stake of $500 was turned into a $1 million haul in a series of high-payout spins. The news has exploded onto the crypto betti...
Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack
Coin Desk - 7 Oct 2023 12:37
The newest viral application launched nearly a week ago and quickly gained a cult following.
XRP Price Prediction as Daily Trading Volume Rises Above $500 Million - Is a Rebound from Bearish Sentiment in Sight?
Crypto News - 7 Oct 2023 10:53
In the volatile world of cryptocurrency, Ripple's (XRP/USD) price stands out, with its daily trading volume now exceeding $500 million. Despite recent bearish sentiments, the surge has ignited speculation: Could XRP be o...
Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts
Bitcoin.com - 7 Oct 2023 10:30
Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it's doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in ...
Bitcoin Price Prediction as BTC Projected to Reach $28,435 by Mid-October - Is a 9% Surge on the Horizon?
Crypto News - 7 Oct 2023 10:08
Bitcoin has been making waves in the cryptocurrency market recently, with speculations suggesting that the leading cryptocurrency might be on track to reach $28,435 by the middle of October. Recent forecasts posit that B...
Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption
Crypto News - 7 Oct 2023 09:25
Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official. It is important to note that ret...
What Is ADA? A Brief History of the Proof-of-Stake Blockchain Network Cardano
Bitcoin.com - 7 Oct 2023 08:30
On October 6, 2023, the cryptocurrency Cardano, known by its ticker ADA, is ranked as the eighth-largest in market capitalization, valued at just over $9 billion, or 0.817% of the $1.08 trillion cryptocurrency market. As...
Report: Hong Kong Crypto Exchange JPEX Converts Users' Funds to an Illiquid Digital Token
Bitcoin.com - 7 Oct 2023 06:30
The Hong Kong cryptocurrency exchange JPEX recently converted user funds to a native token known as JPC. According to JPEX, affected users will only be able to cash this token out after two years. One affected user said ...
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker
Bitcoin.com - 7 Oct 2023 04:30
Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing o...
JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades
Crypto News - 7 Oct 2023 01:42
Ethereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan. D...
Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA
Crypto News - 7 Oct 2023 00:55
Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA). This regulatory approval allows the company to function as a custodial wallet provider in acco...