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Bitcoin
$8B Margin Mystery: Alameda’s Caroline Ellison to Testify Against Bankman-Fried Next Week
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 testimony could be…
October Resurgence: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC
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 wallets…
Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend
Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls…
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam…
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, which…
Bank of Korea and BIS Prepare Wholesale CBDC Pilot
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle…
Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts
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 2023, against the…
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker
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 our business in…
Investment Manager Expects SEC to Approve All Bitcoin ETF Applications in 3-6 Months
Steven Schoenfeld, former head of International Equity Product Strategy at Barclays Global Investors (now Blackrock), expects the U.S. Securities and Exchange Commission (SEC) to approve all spot bitcoin exchange-traded fund (ETF)…
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of…
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, Alameda Research.…
American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies…
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. For Sachs, the…