News - Page 43

Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, recently testified in court about the failure of Alameda Research to hedge its assets. According to court transcripts, Bankman-Fried revealed that as of June 2022, Alameda's assets had not been hedged, which coincided with a significant dip in value from $40 billion to $10 billion.

The Cardano price has experienced a significant recovery in the last two weeks, driven by a 'Double Bottom' pattern and an overall uptrend in the broader crypto market. The price of ADA has surged by 23.38% from a monthly low of $0.24 to its current trading price of $0.296. However, there are potential challenges that buyers need to consider amidst the current market volatility.

VanEck, a well-known asset management firm, has updated its Bitcoin spot Exchange Traded Fund (ETF) filing with the Securities and Exchange Commission (SEC). This move reflects VanEck's commitment to providing a Bitcoin ETF that adheres to the strict regulatory standards of traditional financial markets.

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In a recent post, MicroStrategy's founder Michael Saylor emphasized the exceptional performance of Bitcoin compared to traditional investment options. This article explores the cumulative returns of Bitcoin and its resilience over the years.

Bitcoin price has encountered strong resistance around the $35,000 mark, leading to concerns about a potential correction in the altcoin market. Despite the recent uptrend, the price has hit a wall near $35,000, meeting the upper resistance trendline of a channel pattern that has been forming for over a year. Retests of this trendline have historically resulted in significant corrections.

The co-founders of crypto analytics firm Glassnode believe that the approval of a spot-based Bitcoin exchange-traded fund (ETF) by regulators will trigger a significant influx of capital into the cryptocurrency.

The Federal Reserve and New York Department of Financial Services have imposed a hefty fine on Metropolitan Commercial Bank (MCB) for breaching the Bank Secrecy Act. MCB will pay a total of $29.5 million in penalties for allowing criminals to open new accounts and misdirecting $300 million.

New data from a market intelligence firm has shed light on the current situation of Shiba Inu (SHIB) and Floki (FLOKI) holders. The data reveals that a significant percentage of SHIB and Floki holders are currently experiencing losses.

Crypto analytics firm IntoTheBlock has identified a key metric that suggests Bitcoin (BTC) has entered the initial stages of a bull market cycle. The market-value-to-realized-value (MVRV) ratio, which compares Bitcoin's market cap to its realized capitalization, is behaving similarly to previous bear-to-bull market transitions.

The outcome of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023, is expected to have a minor impact on stock prices and the price of Bitcoin (BTC). However, the key factor that traders are eagerly awaiting is the subsequent comments on the U.S. economic outlook in Fed Chair Jerome Powell's speech.

Developers of the Shiba Inu project have initiated a ‘surprise’ step towards a unique SHIB self custodial identity. This leaves scope for a potential SHIB price rally in the lead up to the countdown.

US Senator Cynthia Lummis (R-WY) has urged the U.S. Department of Justice (DOJ) to press criminal charges against Binance crypto exchange and Tether. The senator claims that the two entities were involved in financing illicit activity, specifically serving as intermediaries for Hamas.

The Shiba Inu price has recently rebounded off the lower trendline of a falling wedge pattern, signaling a possible end to its correction phase. However, the current recovery rally may face some challenges due to overhead supply pressure. This article explores the recent price movements of Shiba Inu and provides insights into its future performance.

JPMorgan's flagship cryptocurrency is now handling a staggering one billion dollars worth of transactions every day, according to the bank's global head of payments, Takis Georgakopoulos. In a recent Bloomberg interview, Georgakopoulos highlighted three major problems in the payments sector that JPMorgan aims to address.

A Dogecoin (DOGE) address that has been dormant for 9.8 years has suddenly resurfaced, sparking a new wave of interest and speculation. This dormant address, which belongs to a whale, contains a total of 5,392,984 DOGE worth approximately $372,461 at the time of writing.