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Cryptocurrency News

Location American Cryptocurrency News for 11 October 2023
Is dYdX Going to Zero? DYDX Price Plunges 7% as Fresh Altcoin Races Past $450,000 Milestone Leading crypto DEX dYdX has seen native token DYDX tumble -7% in tumultous loss of 20DMA support, but is dYdX going to zero? Find out here. The sudden drop has left dYdX holders reeling, as the token enters the biggest l...
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As DEE Token Catapults Up 800%, This Silent Crypto Has Snagged $1 Million - Primed for Take-off? In the latest On-Chain moon-shot a Street Fighter 6 themed token called Dee Jay (DEE) has exploded an eye-watering +800% overnight. Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pum...
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Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify t...
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Speculation vs. Utility: Cryptocurrency's Identity Crisis The key question facing the crypto industry is what the real utility of cryptocurrency is, according to Wall Street Journal columnist Jon Sindreu. The reason for this new identity crisis in crypto, according to Sindreu, ...
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Ethereum Price Prediction as Standard Chartered Forecasts $8K Price By 2026 - Will Ether (ETH) Break Below This Key Support Level? Ether (ETH) is back to trading flat in the $1,550 area after seeing a sharp reversal lower from earlier session highs in the $1,630s. The cryptocurrency's sudden intra-day reversal comes after ETH/USD found strong resist...
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Sam Bankman-Fried Wrote a Draft Twitter Thread For Alameda Closure Two Months Before FTX Collapse Former FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried consid...
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Tornado Cash Trading Volumes Nosedived 90% After U.S. Sanctions While North Korean hackers have mostly moved to other Bitcoin mixers, some illicit use of Tornado Cash continues, a report from TRM Labs says.
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First Mover Americas: JPMorgan Goes Live With First Blockchain-Based Collateral Settlement The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Iris Energy Boosts Mining Capacity With $19.6M Acquisition of Bitmain's S21 Antminers The Nasdaq-listed bitcoin mining company Iris Energy has announced its acquisition of 1.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. This acquisition will increase the company’s self-mining capacity...
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Rise in Chinese Banks Issuing Digital Yuan Corporate Loans More Chinese banks are issuing loans in the digital yuan, the nation's central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has ta...
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Bitcoin Lightning Network growth jumps 1,200% in 2 years A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.
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Stellar Partners With Certora for Security Checks on Soroban Smart Contracts The Stellar Development Foundation (SDF) has announced its initiation of security checks for Soroban, the advanced smart contract platform within the Stellar network. This is in anticipation of Soroban's launch. To carry...
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Ellison Breaks Down on Witness Stand: The courtroom watched with bated breath as former Alameda Research CEO, Caroline Ellison, broke down on the witness stand as she testified against Sam Bankman-Fried on the afternoon of Wednesday, October 11th....
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State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules f...
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DeFi Protocol BarnBridge Prepares for SEC Action, Fines The decentralized autonomous organization is holding a vote on how to respond to securities regulators.
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The Protocol: Bitcoin Might Get Ethereum-Style Smart Contracts Under 'BitVM' Plan ZeroSync's Robin Linus has ignited excitement in the Bitcoin community by introducing the "BitVM" paper, proposing a straightforward method for incorporating smart contracts into the original blockchain, a feature predom...
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Inflation and war impact markets, but Paul Tudor Jones says, 'I love Bitcoin and gold' Billionaire investor Paul Tudor Jones says he is bearish on U.S. stocks, and bullish on Bitcoin and gold.
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Bitcoin Still Number One Due to Higher Futures Premium, K33 Research A research conducted by K33 shows that Bitcoin still retains its top position as the most appealing cryptocurrency due to its higher premiums in futures trading. Ether, the second most valuable crypto asset by market cap...
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Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick The U.S. House of Representatives won't get back to work on crypto legislation if Republicans can't unify behind majority choice Steve Scalise - or some alternative - after the party's ousting of Speaker of the House Kev...
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EU's Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption. In a report released on Oct 11, the 22-page document hi...
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Bitcoin Price Prediction as Lightning Network Growth Reaches 1,000% in Two Years - Adoption on the Rise? As the digital gold rush continues, Bitcoin remains at the forefront of the crypto landscape. Despite a recent hiccup where it struggled to breach the $28,000 threshold, dropping to $27,100 on Wednesday, enthusiasts rema...
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Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF's Fraud Hearing FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline E...
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