News - Page 32

The trial of Sam Bankman-Fried (SBF) in October has sparked discussions and speculation within the crypto industry. Industry insiders are now analyzing the implications of the concluded trial.

The Chainlink coin recently broke through a resistance trendline, resulting in a significant rally. However, the LINK price is now facing a strong supply barrier at the $12 level, hindering further upward movement. This suggests that a bearish pullback may be imminent.

The upcoming policy statement and press conference by the U.S. central bank will have a significant impact on bitcoin prices. There are signs that the Fed might not raise interest rates further in this cycle, which could potentially lead to a breakout in bitcoin prices.

The price of Ethereum (ETH) has lost momentum just above $1,800, dampening investor optimism for a potential rise above $2,000. Although declines have been minimal below the immediate support/resistance level at $1,800, bulls lack the momentum to resume the upward trend.

XRP has gained the attention of crypto enthusiasts as whales continue to move XRP, leading to strong uptrend movements.

Coinbase, the leading cryptocurrency exchange in the U.S., has recently launched a new trading avenue for its users. This exciting development allows eligible retail customers in the country to trade in crypto futures. By offering futures contracts at 1/100th of a Bitcoin and 1/10th of an Ethereum, Coinbase aims to cater specifically to this demographic and expand the range of trading options available.

A widely followed crypto analyst, Altcoin Sherpa, has shared his predictions for two altcoins - THORChain (RUNE) and Blur (BLUR). Altcoin Sherpa believes that THORChain is ready to move up, with the next target price being $3. THORChain is a decentralized liquidity protocol that enables the exchange of assets across different blockchain networks without the need for centralized intermediaries.

The paper presents a radical rethinking of how blockchains could work by separating out the various functions of a distributed ledger into distinct 'application layers'. The main focus is on optimizing the way users query the network for data. By doing so, the authors aim to minimize the total resources required to run the main blockchain.

The Commodity Futures Trading Commission (CFTC) has paid out $16 million to whistleblowers this year, with the majority of the 1,530 tips received involving cryptocurrency. Commissioner Christy Goldsmith Romero stated that crypto continues to be an area with pervasive fraud and other illegal activities. The rise of cryptocurrency has led to more retail customers falling under the CFTC's jurisdiction, making the efforts of the CFTC's Whistleblower Program and the Office of Customer Education and Outreach even more crucial.

The Theta coin price has experienced a significant uptick in recent weeks, rising from $0.564 to its current trading price of $0.745, marking a 32% increase. This surge in buying interest has positioned the coin to challenge the upper trendline of a longstanding falling wedge pattern, indicating a potential continuation of its bullish momentum.

In the latest security breach event, the decentralized finance (DeFi) project Onyx Protocol became a victim of flash loan exploitation and lost approximately $2.1 million worth of Ethereum (ETH) coins.

Digital Currency Group (DCG) has announced that it has hired Barry Berke, one of the top attorneys in the U.S., to defend against a civil lawsuit filed by New York Attorney General Letitia James. This move comes in response to a lawsuit accusing DCG, Gemini, and Genesis of failing to disclose the risks of a crypto-lending program, resulting in alleged customer fraud amounting to $1.1 billion.

In a recent announcement, ZA Bank, one of Hong Kong's leading virtual banks, revealed its plans to establish an operating account on OKX, a prominent cryptocurrency exchange and Web3 platform. This strategic move aims to enhance OKX Hong Kong's pursuit of regulatory approval and licenses, such as the Virtual Asset Trading Platform (VATP) license and the Type 1 & 7 licenses under the Securities and Futures Ordinance (SFO).

Bitcoin (BTC) price is overheating amid calls for a pullback to allow fresh liquidity to enter the market ahead of the next rebound targeting highs above $40,000. The bellwether cryptocurrency has experienced significant gains over the past year, with a 66.6% increase. However, recent data shows a slight decrease in value over the last 24 hours, trading at $34,370.

John Deaton, a lawyer representing 75k XRP investors impacted by the U.S. SEC vs Ripple Labs case, criticized the U.S. Securities and Exchange Commission (SEC) for not complying with the law in issuing SAB 121. The Government Accountability Office (GAO) found that SAB 121 was drafted without input from regulators and the public.

CubeSigner is a recently released product that serves as a key manager for Ethereum validators. It has already gained traction and is currently in production, as stated in the press release. The project's website also highlights a collaboration with Ankr, another startup, in the field of liquid staking.