News - Page 34

The XRP price recently broke free from a two-month-long accumulation phase, indicated by its exit from a triangle pattern. This breakout resulted in an 11% gain, pushing the coin's price from $0.54 to its current trading level of $0.6. However, given the current market volatility, the question remains: can buyers sustain this momentum?

Coinbase, the top US-based crypto exchange platform, has announced the launch of crypto futures trading for retail investors in the US. This new offering allows US Coinbase Advanced customers to trade regulated leveraged crypto futures through Coinbase Financial Markets.

In a high-profile trial taking place in Manhattan’s federal courtroom, Assistant U.S. Attorney Nicolas Roos has accused FTX founder Sam Bankman-Fried (SBF) of masterminding a significant financial deception. Roos presented a compelling case, revealing what he called a “pyramid of deceit” that allegedly led to the loss of at least $10 billion of investors’ money.

Unregistered offerings in the crypto market have become a breeding ground for fraudulent schemes and scams. The lack of disclosures and accountability in these offerings make them attractive to scammers who exploit vulnerabilities to enrich themselves at the expense of others.

Tron (TRX) price is showing strong bullish momentum, defying the sluggishness in the overall market. This week, while Bitcoin price remains below $35,000 and Ethereum price wobbles around $1,800, Tron and Solana (SOL) have been performing exceptionally well.

In a recent interview, BitMEX founder Arthur Hayes shared his forecast for the next crypto bull run. He believes that there will always be a 'new new thing' in the crypto space that will influence market expansion. Hayes highlights the previous cycle's focus on layer-1 blockchains and explains that these projects had their moment but failed to sustain their momentum. He suggests that the next bull run will follow a sequence of Bitcoin, Ethereum, and then other cryptocurrencies.

Sam Bankman-Fried, a prominent figure in the crypto world, has undergone a transformation in his goals and aspirations. While he initially presented himself as an effective altruist, whose primary objective was to accumulate wealth for charitable purposes, recent allegations suggest a different motive.

Bitcoin, the revolutionary cryptocurrency, recently celebrated its 15th anniversary. Canadian Member of Parliament Joël Lightbound took the opportunity to honor Bitcoin's journey and acknowledge its anonymous creator, Satoshi Nakamoto. In his speech on the Parliament floor, Lightbound not only expressed his appreciation for the innovative technology but also disclosed his personal ownership of Bitcoin.

Modulus is a cutting-edge technology that harnesses the power of zero-knowledge machine learning (ZKML) to ensure the accuracy and integrity of AI models. By utilizing zero-knowledge proofs, Modulus provides a robust method for verifying the correct execution of AI models.

The U.S. Department of Justice has concluded its case against Bankman-Fried after a nearly five-week trial. The case centered around the disappearance of billions of dollars worth of customer funds from the FTX crypto exchange. Assistant U.S. Attorney Nicholas Roos, who presented the DOJ's findings, stated that there was no dispute regarding the missing funds. Bankman-Fried has been charged with two counts of wire fraud and five counts of conspiracy in relation to the operation and collapse of FTX and Alameda Research, his trading firm.

In order to attract traditional gamers to explore Web3, it is crucial for games to prioritize fun over the play-to-earn model. This shift in focus allows game developers to fully embrace the original gaming ethos and create an engaging experience for players.

Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.

Floki, in a recent post on X (formerly Twitter), has accused Bitget of listing the token without permission and subsequently listing a fake version of TOKEN before its official release. Floki further alleges that Bitget conducted tens of millions of dollars worth of trading volume without actually possessing any tokens in their wallet.

The crypto markets operate 24/7, which poses a challenge for traders who have other daily responsibilities. Additionally, a significant number of participants in these markets are non-professional retail investors. As a result, their attention to the market is limited, leading to delayed reactions.

Web2 has primarily focused on the progression from social to finance, while Web3 is now shifting from finance to social. This shift has led to a growing emphasis on the social element of Web3, with various initiatives such as Friend.tech and on-chain loyalty programs gaining attention.

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.