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Bitcoin
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse.…
Uptober Begins: Bitcoin’s Rally Sparks $40K Hopes; Yet $20K Threat Lingers
The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a…
Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion
On October 3, 2023, at block height 810,432, the Bitcoin network experienced its second consecutive difficulty increase since September 19. The challenge of uncovering block rewards escalated as the difficulty reached a new pinnacle, rising…
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions.
Bitcoin’s…
Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session
Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba…
Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum’s Booming $20 Billion Liquid Staking Market
Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700.…
Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s…
A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The…
UK Government Urged to Review Chase Bank’s Policy to Decline Crypto Payments
Bitcoin Policy UK has urged the British government to review Chase Bank’s policy to decline all crypto payments. “It is, of course, the stated policy of this Government that the U.K. become a crypto asset hub, but it is hard to square this…
SEC and 5 Other US Regulators Issue Crypto Investment Warnings
The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year’s World Investor Week. “The risk of loss for individual…