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Cryptocurrency News

Location American Cryptocurrency News for 17 October 2023

Ethereum Layer-2 Scaling Solution Scroll Goes Live

Crypto News - 17 Oct 2023 22:30
Ethereum Layer-2 Scaling Solution Scroll Goes Live Scroll, an Ethereum layer 2 (L2), has announced the launch of its zkEVM mainnet, which allows developers to have increased speeds, latency, and lower fees to build decentralized applications (dApps). According to the ope...
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BlackRock CEO Larry Fink: Bitcoin Rally Reflects Crypto's Growing Appeal BlackRock CEO Larry Fink has attributed the recent rally in Bitcoin (BTC)'s price to the increasing interest and demand for cryptocurrencies. Fink made these remarks in response to a false news report about the approval ...
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Evergrande's Economic Tremors Trigger Bank Run in Northern China Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Ca...
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EU Crypto Investor Protections Won't Kick In Until Dec. 2024: ESMA European crypto investors will have to wait a little longer for the full provisions of Markets-in Crypto Assets (MiCA) to kick in, according to the European Securities and Markets Authority (ESMA). In an October 17 offic...
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Bahamian Prime Minister Asked Sam Bankman-Fried to Give His Son Advice on NFT Project The email from Philip Davis was presented in court on Tuesday as part of prosecutors' fraud case against the FTX founder.
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Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador's 'Rebirth' The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has ...
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Bankrupt Crypto Lender Genesis Faces Deadline: New York Court Orders Compliance With Terra Subpoena Within 5 Days After failing to respond to a prior order, embattled crypto lender Genesis has been subpoenaed by a New York court to produce documents related to the collapse of the algorithmic stablecoin TerraUSD (UST) last year. In a...
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GBTC Discount Continues to Narrow as Investors Await ETF Conversion Decision The fund's shares have traded at a discount to NAV since December 2021.
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Best Crypto to Buy Now October 17 - Solana, Bitcoin SV, ApeCoin A proposed settlement filed on October 16 could see FTX customers receive the majority of their lost funds by the second quarter of 2024. The settlement comes after months of discussion between FTX debtors and creditor g...
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Why Power Is Passing to Courts to Make US Crypto Policy Congressional inaction, the decline of the Chevron doctrine, and regulation by enforcement are decentralizing policy-making power over emerging technologies like blockchain and AI, says Michele Neitz.
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Crypto Analysts See Potential in This Hidden Gem - What's the Scoop? Crypto analysts are increasingly turning their attention to lesser-known projects in the blockchain space, seeking potential opportunities beyond established tokens. One such project beginning to grab attention is yPredi...
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Reddit-Based Tokens Plunge on Report of Wind Down of Community Points MOON, BRICK and DONUT are each lower by 60%-90%.
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Bitcoin Changing Hands Cycle Signals Bear Market Recovery, Glassnode Study Shows New research shows bitcoin investors are rotating from long-term holders to short-term speculators, indicating the cryptocurrency market is recovering from the lengthy bear market. Study Indicates Crypto Winter Recovery ...
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Biggest Crypto Gainers Today on DEXTools - BOBA, SHIBA, GAMER Bitcoin (BTC) is trading flat in the mid-$28,000s after hitting its highest level since early August on Monday near-$30,000 on fake rumors that the SEC had approved BlackRock's spot Bitcoin ETF application. While those r...
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Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the 'Major Questions' Doctrine During Legal Imbroglios Binance, Coinbase and Ripple are just some of the firms that have tried to apply an ill-defined legal doctrine meant to curb overzealous regulators.
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FTX Executive continues Testimony in SBF Trial, Gives Details on Discovering Alameda's $8 Billion Debt Nishad Singh, former head of engineering for FTX, resumed his time on the witness stand Tuesday morning after a gripping testimony yesterday. Beginning his cross-examination, Singh called FTX's business spending "too lar...
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Sam Bankman-Fried's Digital Footprint Jumps Amid Trial, But Fails to Surpass FTX Collapse Peak According to Google Trends statistics, Sam Bankman-Fried’s search popularity surged just before his trial, maintaining an upward trend. Yet, it hasn’t matched the peak seen during FTX’s November 2022 collapse and h...
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Crypto Political Capital Grows: University of Arkansas Partners with Coinbase and Haun Ventures Crypto-focused investment firms Coinbase Ventures and Haun Ventures are joining forces with the University of Arkansas to support a technology accelerator program, strengthening the US state of Arkansas's position in the...
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Binance Adheres to U.K. Rules, Pauses New User Sign-Ups Binance has announced that it will halt the acceptance of new users in line with the newly implemented cryptocurrency marketing regulations in the United Kingdom. In a Monday blog post, the largest cryptocurrency exchang...
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Sui Foundation Calls Report of Supply Manipulation 'Materially False' SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance.
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BC Technology Denies Report of $128M Crypto Exchange Sale Firm calls report by Bloomberg "factually inaccurate and highly misleading."
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EU Formally Agrees on New Crypto Tax Data Sharing Rules The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
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