US Senator Says ‘I Love That Bitcoin Can’t Be Stopped’ Citing Concerns About National Debt and Inflation
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said, citing concerns about the national debt...
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months. The Department of Justice (DOJ) has submitted an objection to Celsius’ motion to reopen withdrawals for select...
Transit Swap ‘hacker’ returns 70% of $23M in stolen funds
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million). A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized...
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay it back. Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million...
First Mover Asia: Bitcoin Sees No October Rise Yet; the Dollar as the Protocol in the Future of Money?
The largest crypto by market capitalization was down slightly in the opening days of the historically strong month for its price. Original Source: coindesk First Mover Asia: Bitcoin Sees No October Rise Yet; the Dollar as the Protocol in the Future of Money?
CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity
The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and...
The future of DeFi is on TikTok
The younger generation doesn’t have disposable income now, but they’re financially savvy thanks to short-form videos on social media In July 2021, TikTok hit three billion downloads. The social network boasts more than one billion active monthly users. And, in the...
Robert Kiyosaki Predicts US Dollar Will Crash by January — Suggests Buying Bitcoin
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the U.S. dollar will crash by January next year after the Federal Reserve pivots. He named bitcoin as one of the investments to buy as the Fed continues to raise interest...
Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July. Original Source: coindesk Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew M Weeks Before Company Froze Customer Accounts: Report
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July. Original Source: coindesk Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew M Weeks Before Company Froze Customer Accounts: Report
Terra’s Luna Classic Gains Big as Binance Burns Untold Tokens
Traders are optimistic as they await official numbers from the major exchange. Original Source: decrypt Terra’s Luna Classic Gains Big as Binance Burns Untold Tokens
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a...
Music NFTs a powerful tool to transform an audience into a community
Music artists have the opportunity to develop tighter relations with their fans through the use of NFTs. As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The...
SEC Approach Is ‘Threatening The Entire Ecosystem’: Former CFTC Head
Former CFTC Commissioner Brian Quintenz said a better path would be possible “if the SEC was serious.” Original Source: decrypt SEC Approach Is ‘Threatening The Entire Ecosystem’: Former CFTC Head
SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner
Brian Quintenz said a better path would be possible “if the SEC was serious.” Original Source: decrypt SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner
Report: CME Group to Face off With FTX After Filing for Futures Commission Merchant Status
According to a recent report, the world’s largest derivatives exchange CME Group is looking to register as a direct futures commission merchant (FCM). CME Group’s decision follows the digital currency exchange FTX, as the crypto company applied to become...
This Week on Crypto Twitter: Musk and Dorsey’s Text Correspondence Leaked, Do Kwon Pleads (Further) Innocence
Also: Ukraine DAO helped form an Iran DAO to raise funds to support women’s opposition to the current regime. Original Source: decrypt This Week on Crypto Twitter: Musk and Dorsey’s Text Correspondence Leaked, Do Kwon Pleads (Further) Innocence
This Week on Crypto Twitter: Musk and Dorsey’s Texts Leaked, Do Kwon Pleads (Further) Innocence
Also: Ukraine DAO helped form an Iran DAO to raise funds to support women’s opposition to the current regime. Original Source: decrypt This Week on Crypto Twitter: Musk and Dorsey’s Texts Leaked, Do Kwon Pleads (Further) Innocence
S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy
Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment...
Next few weeks are 'critical' for stock market and Bitcoin, analyst says
Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks. The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term...
Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts
The exchange says the issue has been identified and it is working towards a solution. Original Source: coindesk Crypto Exchange Coinbase Temporarily Halts Payments and Withdrawals From US Bank Accounts
Sorry, Ether: Sound Money Doesn’t Exist and Neither Does 'Ultra' Sound Money
Sound money should reliably store value over time. No currency – not bitcoin, not ether, not the U.S. dollar – seems to be doing that these days. Crypto Long & Short is our weekly newsletter featuring insights, news and analysis for the professional investor....
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s...
Terra could leave a similar regulatory legacy to that of Facebook’s Libra
The algorithmic stablecoin ban has sparked a range of arguments in the crypto industry as it is being seen as a watershed moment. New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new...
Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
The launch of BMEX was delayed earlier this year because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022. Original Source: coindesk Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
UK Regulator: Crypto Firms Undeterred by Strict Regulation — ‘They Know We Have a Good System’
The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good...
RLWC 2021: CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform
PRESS RELEASE. On 15 October, England men will face the Samoa men at St James Park in the opening match of the Rugby League World Cup (RLWC) 2021, which will conclude in Manchester on 18 November with the wheelchair final and a spectacular doubleheader at Old Trafford...
Ethereum Merge spikes block creation with a faster average block time
some of the evident improvements experienced by the blockchain post-Merge include a steep increase in daily block creation and a substantial decrease in average block time. The Merge upgrade for Ethereum (ETH), which primarily sought to transition the blockchain into...
Ruble Surges Against Greenback, Ethiopian Birr Exchange Rate Gap Widens; Kiyosaki: The ‘End Is Here’ for Fake Money — Week in Review
Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shaped the news this past week, with similarly dynamic developments in the world of cryptocurrency. Rich Dad Poor Dad...
Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push
Bitcoin price action could include a fresh trip to $20,500, but beyond that, the overall trend remains firmly down for traders. Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside.BTC/USD...
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