News - Page 39

In a recent research note, Charlie Morris, founder and chairman of ByteTree, highlighted the improving breadth of the crypto market. He mentioned that downtrends are becoming scarce, while uptrends are on the rise. This positive trend could potentially be significant for the crypto industry.

Valkyrie, along with other major asset management firms such as BlackRock, Fidelity, and Ark Invest, has filed an updated spot Bitcoin ETF prospectus in the United States. This move indicates that the U.S. Securities and Exchange Commission (SEC) is actively considering the approval of a spot Bitcoin ETF.

The Bitcoin price is currently consolidating around $34,200 levels, while altcoins like Solana (SOL), Cardano (ADA), and Chainlink (LINK) continue their bullish rally.

Sam Bankman-Fried's defense team has submitted proposed jury instructions and supporting authorities to Judge Kaplan, contesting the U.S. DOJ's fraud indictment against the defendant. The defense attorneys argue that FTX's relationship with its customers, as governed by the Terms of Service, was under English law, which does not establish a trust or fiduciary relationship. They assert that the fraud charges brought by the government are unfounded.

The Bank of Japan (BOJ) recently announced its decision to maintain the short-term policy rate at -0.1%, signaling its commitment to the negative interest rate policy. However, there was a significant change in the BOJ's approach to the 10-year government bond yield.

The protocol, X, recently experienced a token approval exploit from their new router. As a result, they have taken immediate action to address the issue. In this article, we will discuss the steps taken by the protocol to contain the exploit and ensure the safety of users' funds.

A trader who accurately predicted the previous crypto rally earlier this year believes that Bitcoin (BTC) is set to repeat its recent surge from $28,000 to a new high of $35,000 in 2023.

The impressive rally for Ethereum Layer-1 competitor Solana (SOL) continues as the altcoin registers another 12% gain on the daily chart. At press time, SOL is trading 11.97% up at $36.34 and has a market cap of $15.2 billion.

Judge Kaplan has informed the parties involved in the case that he plans to hold a jury charge conference. This conference will allow the parties to discuss and debate their respective jury instruction proposals. The conference is scheduled to take place after both parties have presented their cases, which is expected to happen as early as Wednesday. Last week, Bankman-Fried testified in court and is currently undergoing cross-examination. The Department of Justice anticipates that the cross-examination will conclude on Tuesday morning.

Altcoin Cardano has been experiencing a positive trend in the crypto market, rallying alongside other cryptocurrencies. In the last 24 hours, the ADA price has increased by 2.47%, reaching $0.300, with a market cap of $10.5 billion.

Coinbase, a prominent player in the cryptocurrency space, has published a report highlighting the increasing momentum of tokenization in the current high-yield environment. This trend, which involves representing ownership of financial assets on a blockchain, has reached its multi-year highs.

The U.S. Securities and Exchange Commission (SEC) is gearing up for a high-level discussion on the approval of a spot Bitcoin ETF following a recent mandate from the U.S. Court of Appeals for the D.C. Circuit. This comes after the court ordered the SEC to revisit the Grayscale ETF decision, highlighting the similarities between Grayscale's proposition and the already sanctioned Bitcoin futures ETFs.

US President Joe Biden has recently issued an executive order to establish new standards for safety and security in the field of artificial intelligence (AI). The order aims to address the risks associated with AI technology and ensure responsible innovation. However, this move has faced criticism from developers and industry insiders who argue that it may hinder freedom to innovate, drawing parallels with the regulatory actions taken against the crypto industry.

Fetch.AI (FET), an altcoin from the artificial intelligence (AI) sector, has been making waves in the crypto markets with its impressive performance over the past week. With new updates on the horizon, Fetch.AI is poised to revolutionize the way we live and work.

Sam Bankman-Fried, the embattled founder of FTX, recently took the stand for a third day, providing valuable insights into his management style and the tumultuous relationships that marked the last days of the cryptocurrency exchange.

The crypto founder's lawyers were not in favor of him speaking publicly, but he went on a media blitz after FTX's collapse. He wanted to share his side of the story with anyone who would listen, including journalists, Twitter personalities, and frustrated crypto day traders.