Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies, which will be driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).

During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz highlighted the firm’s belief that approving several ETFs “is now not . . . → Read More: Bitcoin ETFs will drive institutional adoption in 2024 — Galaxy Digital’s Mike Novogratz

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci Centre in the business district just outside of Paris. 

The institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the . . . → Read More: Institute for blockchain and crypto research opens in France

Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week.

Binance will stop accepting deposits in Russian rubles starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform, as it expects to terminate . . . → Read More: Binance to terminate Russian ruble deposits next week

Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission.

Today we announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based . . . → Read More: Bitwise insists ‘no affiliation’ with startup facing SEC charges

Binance’s dominance of Bitcoin (BTC) futures open interest has been toppled by traditional derivatives marketplace heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.

A number of analysts highlighted the “flippening” of Binance by CME, with the latter overtaking the global cryptocurrency exchange for the largest . . . → Read More: CME overtakes Binance to grab largest share of Bitcoin futures open interest

AI Arena

AI Eye chatted with Framework Venture’s Vance Spencer recently and he raved about the possibilities offered by an upcoming game his fund invested in called AI Arena in which players train AI models how to battle each other in an arena.

Framework Ventures was an early investor in Chainlink and Synthetix and . . . → Read More: Train AI models to sell as NFTs, LLMs are Large Lying Machines: AI Eye

Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.

BTC/USD 1-hour chart. Source: TradingView BTC price move “doesn’t feel right”

After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark.

??Data from Cointelegraph Markets . . . → Read More: Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Bitcoin (BTC) briefly surpassed the $37,000 mark for the first time in 18 months as the broader markets reflect optimism over the pending approval of spot BTC exchange-traded funds (ETF) in the United States.

Data from several cryptocurrency market platforms, including Cointelegraph Markets Pro and TradingView, showed BTC/USD hitting $37,073 at 7:47 am Eastern . . . → Read More: Bitcoin briefly tops $37K amid market optimism for pending spot ETF approvals

Singapore-based digital asset investment firm Spartan Group has announced an investment in the decentralized finance (DeFi) protocol Pendle Finance. The size of the investment was not disclosed.

After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital (VC) arm, Spartan Capital, has made a follow-on investment in Pendle Finance through an . . . → Read More: Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth

ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood.

On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, according to a trade notification seen by Cointelegraph.

. . . → Read More: Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband.

Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona . . . → Read More: Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers

The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements.

The new liquidity guidelines aim to ensure the stablecoin can be quickly redeemed even during turbulent market conditions to avoid the risk of bank runs . . . → Read More: EU banking watchdog proposes liquidity rules for stablecoin issuers

Major global banking company HSBC plans to launch an institutional custody platform for tokenized securities, also known as security tokens.

HSBC has partnered with Ripple-owned tech firm Metaco to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8.

The bank expects to roll . . . → Read More: HSBC taps Ripple’s Metaco to launch security token custody

Switzerland-based crypto bank SEBA Bank has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).

SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region. According to the data available on the SFC website, . . . → Read More: Swiss crypto bank SEBA gets Hong Kong SFC license

European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year.

Bitwala is relaunching operations under its original name in partnership with the support of the banking infrastructure company Striga, the firms said in a joint announcement to Cointelegraph on Nov. 8.

As . . . → Read More: Crypto banking app Bitwala relaunches via new partnership with Striga

Who is this person anyway?

Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection.

Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH.

“I think . . . → Read More: Simp DAO queen Irene Zhao on why good memes are harder than trading: X Hall of Flame

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform.

The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers.

The launch comes soon . . . → Read More: Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest.

BTC/USD 1-hour chart. Source: TradingView Open interest “surge” spooks Bitcoin pundits

Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory struggling to reclaim $35,000 as support.

The largest cryptocurrency lacked clear direction into the Wall Street . . . → Read More: Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.

Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.

Ordinals taking up Bitcoin mempool again

The return of Bitcoin Ordinals is making its . . . → Read More: Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi).

Glassnode, on Nov. 6, announced the sale of its crypto-focused tax platform known as Accointing to the European crypto compliance provider Blockpit. The firms declined to disclose the size of . . . → Read More: Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive.

In July 2023, crypto-friendly Telegram messenger announced the integration of the custodial crypto wallet to allow users to access it directly from . . . → Read More: Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States.

Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the economic confrontation between . . . → Read More: China ‘does not want to miss out’: Community reacts to HK spot Bitcoin ETF news

Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price movements head next?

The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close.

In what analysis is increasingly describing as a change in sentiment, Bitcoin and altcoins alike are refusing to . . . → Read More: Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange-traded fund (ETF) isn’t just driving up the price of Bitcoin — it’s also sparked a resurgence of enthusiasm for blockchain games, said Animoca Brands founder Yat Siu.

Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence . . . → Read More: Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

An upcoming Bitcoin (BTC) hash rate-backed product that could offer 10%–13% returns shouldn’t be compared to failed products by BlockFi or Celsius, as its returns come from proof-of-work, not “Ponzi schemes,” claims the product’s creator, Bitcoin mining firm Luxor Technology.

The legitimacy of Luxor’s hash rate-backed product was highlighted in an Oct. 17 . . . → Read More: Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT.

The on-chain analyst spotted the scam, “Ledger Live Web3,” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger . . . → Read More: Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the ‘crypto king’?

Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of . . . → Read More: Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.

BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside

Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading.

The largest cryptocurrency saw a revisit of . . . → Read More: Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the . . . → Read More: Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

Bitcoin futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on Nov. 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. 

Bullish momentum on CME Bitcoin futures, but cautious BTC options . . . → Read More: CME Bitcoin futures hit record high, but uncertainty looms above $36K

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, including excitement over the Bitcoin spot ETF . . . → Read More: Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more . . . → Read More: Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. 

Creditors stake their claims to try to recoup some of their investment . . . → Read More: FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

Bitcoin (BTC) continues to circle its highest levels in 18 months, and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?

From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, . . . → Read More: Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond

Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2, revealing a profitable quarter and surpassing analyst expectations.

The firm had $5.62 billion in revenue in the third quarter of 2023, boosted by solid revenue growth in Cash App and Square, with $44 million in profit on its Bitcoin . . . → Read More: Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

Visa completes Hong Kong digital currency trial with HSBC and Hang Seng

Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank.

According to a Nov. 1 announcement, Visa said that it achieved . . . → Read More: $308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.

BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains

Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight.

The largest cryptocurrency had hit new 18-month highs . . . → Read More: BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Read Part 1 here: Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal

Growing up in poverty in a Delhi ghetto with an alcoholic father and an illiterate mother, Sandeep Nailwal has always had a fire in his belly to achieve something better.

He wants to go big or go home — middling success . . . → Read More: Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

Three Satoshi-era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transferred 6,500 BTC, worth roughly $230 million, on Nov. 2. Satoshi-era BTC refers to the very early stages of the Bitcoin network when it was still relatively unknown.

According to data from BitInfoCharts, the first wallet moved 2,550 BTC, estimated . . . → Read More: 3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancy

Payment giant PayPal has received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its U.S. dollar-pegged stablecoin.

The Enforcement division of the SEC has sent a subpoena to PayPal related to its PayPal USD (PYUSD) stablecoin, the firm officially disclosed on Nov. 2 in its Q3 financial report with the SEC.

. . . → Read More: PayPal faces SEC action related to PYUSD stablecoin: Official

The Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.

Northern Data AG has secured a 575-million-euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to an announcement on . . . → Read More: Tether issues $610M debt financing to Bitcoin miner Northern Data

Bitcoin (BTC) has jumped to new 18-month highs, but holding its latest support is now key to avoiding a “breakdown.”

BTC/USD 1-week chart. Source: TradingView $35,000 decides Bitcoin range breakout validity

Data from Cointelegraph Markets Pro and TradingView shows BTC price gains continuing into Nov. 2.

BTC/USD hit $35,968 on Bitstamp after the daily . . . → Read More: New BTC price breakouts see Bitcoin traders confirm targets up to $48K

Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin (BTC), spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds (ETFs).

The Michael Saylor-founded firm has added 6,067 BTC since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 . . . → Read More: MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve, the Securities . . . → Read More: Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.

According to official FCA data, PayPal has been registered to offer “certain crypto asset activities” in the U.K. since Oct. 31, 2023.

According to the register, PayPal has requirements or restrictions placed . . . → Read More: PayPal scores UK crypto license after brief local Bitcoin buy halt

Patrick Amadon combines a passion for art and activism, and is articulate about how he intends for his work to have impact.

Self-described as a “digital disobedient,” the Los Angeles-based glitch artist has been no stranger to controversy, having made international headlines for his “No Rioters” digital billboard displayed at the Hong Kong Art . . . → Read More: Crypto’s ‘pro-rioter’ glitch artist stirs controversy — Patrick Amadon, NFT Creator

As nations progress toward promoting the expansion of the artificial intelligence (AI) sector, market data from Santiment indicates an uptick in conversations among investors and traders regarding the potential of real-world assets and AI.

At the same time, discussions concerning cryptocurrency prices have waned due to a prolonged period of sideways market performance, although there is . . . → Read More: AI and real-world assets gain prominence in investor discussions

On the 15th anniversary of the release of the Bitcoin white paper, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator of Bitcoin (BTC), Satoshi Nakamoto, in the Canadian parliament while advocating for people to study the leading cryptocurrency.

During his speech on the parliament floor, Lightbound . . . → Read More: Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.

On Aug. 17, CFM secured regulatory approval from the National Futures Association (NFA), a Commodity Futures Trading Commission-designated self-regulatory organization, to operate . . . → Read More: Coinbase launches regulated crypto futures services for US retail traders

From his childhood living in a ghetto on the east bank of the Yamuna river in Dehli to launching the $6-billion Polygon blockchain, Sandeep Nailwal has an incredible rags-to-riches tale.

Now happily ensconced in the futuristic, air-conditioned cityscape of Dubai, he tells Magazine he was born in a farming village in 1987 with no . . . → Read More: Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep Nailwal

Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.

Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31.

The new licenses, granted by the New Hampshire Banking . . . → Read More: Crypto startup Bastion secures money transmitter licenses in US

Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023.

Warren Buffett’s “crypto bet” up $130 million in 2023

The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner . . . → Read More: Warren Buffett’s ‘crypto stock’ beats Apple and Amazon — but not Bitcoin

In the shadowy corners of the digital world, where the glow of computer screens illuminates faces with eerie light, there exist tales of lost fortunes. These tales act as a terrifying reminder of the unpredictable nature and volatility present in the cryptocurrency markets and the need to adopt stringent security measures. 

1. James Howells . . . → Read More: Crypto horrors: Tales of lost Bitcoin wallets

Supply and demand dynamics could mitigate concerns of a potential Bitcoin (BTC) market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn.

The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market movements in conversation with Cointelegraph during the European Blockchain Convention held in . . . → Read More: No concerns over Bitcoin halving supply shock, says Bitvavo CEO

The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (BTC) futures, now stands just behind Binance in terms of notional open interest to rank second in the list of BTC futures exchanges.

The CME’s open interest hit $3.58 billion on Oct. 30, pushing the regulated derivatives exchange platform to jump two . . . → Read More: CME becomes second-largest Bitcoin futures exchange as open interest surges

A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, financing the entire trip through Bitcoin and Nostr donations.

Kweks poses with a Bitcoin and NOSTR flag at the summit of Kilimanjaro. Source: X (formerly Twitter)

Kweks (not his real name) crowdfunded over $1,700 in Bitcoin (0.0018 BTC) to cover the . . . → Read More: Bitcoin builder climbs Africa’s tallest mountain to raise awareness

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.

The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the . . . → Read More: Singapore plans joint crypto pilots with Japan, Switzerland and UK

Update: This article has been updated to highlight that the UN report referenced the Mora et al. 2018 paper, which overestimated the emissions of mining operations by including unprofitable mining rigs in their analysis.

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and . . . → Read More: Bitcoin price and energy use for mining highly correlated: UN report

Thailand’s Kasikornbank — one of the largest banks in the country — is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto exchange Satang.

Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, according to an announcement published on Oct. . . . → Read More: Thailand’s KBank acquires crypto exchange business Satang

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.

Data from resources, including Bloomberg, showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.

BITO, GBTC trade $2.5 billion 

Hints that the U.S. might soon allow a Bitcoin spot price-based ETF . . . → Read More: First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy adviser of investment management firm VanEck.

“I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 . . . → Read More: Bitcoin-friendly El Salvador can become ‘Singapore of the Americas’ — VanEck adviser

Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse

Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying . . . → Read More: SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of . . . → Read More: Crypto Biz: BlockFi emerges from bankruptcy, Worldcoin halts USDC payments and more

Understanding impersonation scams in crypto

In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information.

In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, . . . → Read More: Impersonation scams in crypto, explained

Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers and would-be fraudsters. 

Dubbed “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper . . . → Read More: Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study

Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets.

BTC/USD 1-hour chart. Source: TradingView Bitcoin range faces weekly, monthly close

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding steady, preserving its early-week gains.

The largest cryptocurrency avoided significant volatility as . . . → Read More: Bitcoin beats S&P 500 in October as $40K BTC price predictions flow in

Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign, as users have reported receiving phishing emails.

The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor customers.

ZachXBT referred to an X (formerly Twitter) post from the account JHDN, which alleged . . . → Read More: Crypto wallet Trezor looks into phishing campaign, exec says

Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode said, as October gains near 30%.

In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend.

BTC price “convincingly” beats out resistance . . . → Read More: Bitcoin restarting 2023 uptrend after 26% Uptober BTC price gains — Research

The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies.

Across 30 hours over Oct. 23 to 24, the cost of buying one Bitcoin has reached all time-highs when using the Argentine peso, Nigerian naira, Turkish lira, Laotian kip and the Egyptian pound.

#Bitcoin . . . → Read More: Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin.

In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin Pepe (PEPE) is a strong indicator . . . → Read More: Is Bitcoin overheated? Some believe the answer is hiding in PEPE

Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.

According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of seven days.

Global search terms . . . → Read More: ‘Buy Bitcoin’ search queries on Google surge 826% in the UK

For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as peer-to-peer digital cash and a store of value.

However, all indications suggest that we are witnessing a significant shift in this paradigm.

Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem . . . → Read More: Bitcoin is evolving into a multiasset network

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.

According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the bill would . . . → Read More: UK passes bill to enable authorities to seize Bitcoin used for crime

Bitmain, a major global manufacturer of Bitcoin (BTC) application-specific integrated circuits (ASIC), has officially released its new air-cooled BTC miner, the Antminer T21.

Bitmain took to Twitter on Oct. 26 to announce the world premiere of the new Antminer T21, the firm’s new air-cooling miner that can withstand ambient temperatures up to 45 degrees . . . → Read More: Bitmain to start shipping new Bitcoin Antminer T21 in January 2024

United States Securities and Exchange Commission (SEC) Chair Gary Gensler’s speech at the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions amounting to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media when he said: . . . → Read More: Gary Gensler teases details of SEC’s $5B take from enforcement actions, shades crypto

Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon said.

In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels.

Analyst: $45,000 next month is “possible” for Bitcoin

Bitcoin reaching . . . → Read More: Bitcoin price model expects $45K ‘phase’ to hit in November

Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay.

MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing or find new ways to connect with Mastercard’s consumers.

The firm also took to X (formerly . . . → Read More: Mastercard partners with crypto payment firm MoonPay for Web3 services

Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024.

The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting the supply of the asset amid growing demand . . . → Read More: Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

This “Crypto City” guide looks at Finland’s crypto culture: The most notable projects and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses.

City: HelsinkiCountry: FinlandPopulation: 1.55 million Established: 1550Languages: Finnish and Swedish, with English widely spoken

Jump to: Crypto Culture, Where to spend crypto in Helsinki, . . . → Read More: 5050 Bitcoin for $5 in 2009: Helsinki’s claim to crypto fame

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.

According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made sizeable investments . . . → Read More: BlackRock fined $2.5M by SEC for incorrect investment disclosure

Bitcoin (BTC) faces a “trigger” moment that keeps a $1-million BTC price tag in play, one of its household names says.

In a blog post titled “The Periphery” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is already warning markets about the future.

“Global wartime inflation” to . . . → Read More: ‘This is the trigger’ — Arthur Hayes says it’s time to bet on Bitcoin

Bitcoin (BTC) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index.

The index is now at 72 out of a total possible score of 100, placing it within the “greed” ranking — a six-point increase from Oct. 24 and . . . → Read More: Crypto market sentiment at highest point since BTC’s $69K all-time high

Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.

On Oct. 25, numerous high-profile crypto accounts on X (Twitter), including Mike Alfred, Bitcoin News, Simply Bitcoin, Crypto News Alerts and others, posted tweets and . . . → Read More: No, ARK 21 Shares spot Bitcoin ETF is not listed on DTCC website

Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).

On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from its ARK Next Generation Internet ETF (ARKW), according to a . . . → Read More: Cathie Wood’s ARK sells Grayscale Bitcoin Trust shares as BTC hits $34K

Major crypto exchanges recorded a net outflow on Oct. 24 as the price of Bitcoin (BTC) briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign, as it indicates traders are moving their assets away from exchanges to secure storage, . . . → Read More: Bitcoin price surge sees significant asset outflow on crypto exchanges

The United States government may be losing regulatory oversight of the stablecoin market, according to a new report by blockchain research firm Chainalysis.

Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, Chainalysis stated in its latest North America cryptocurrency report released on Oct. 23.

According to Chainalysis’ . . . → Read More: Stablecoin market escaping US regulatory oversight: Chainalysis

Bitcoin (BTC) marched to 17-month highs on Oct. 24 as exchange-traded fund (ETF) excitement boosted already bullish BTC price action.

BTC/USD 1-day chart. Source: TradingView Bitcoin ETF data listing hints at “time to shine”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,198 on Bitstamp before consolidating.

This represented 17% gains since . . . → Read More: Bitcoin ETF hype fails to shake bearish $20K BTC price targets

Crypto exchange Coinbase has refuted rumors that it had imposed a $5,000-per-week limit on Bitcoin (BTC) withdrawals after a user’s post claiming as such gained traction on social media.

An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of . . . → Read More: Coinbase hoses down rumors of weekly withdrawal limits on Bitcoin

Bitcoin (BTC) starts the last week of October in classic style as 3% BTC price gains take cryptocurrency markets higher.

In what could yet turn out to be a classic “Uptober” for Bitcoin and altcoins, BTC/USD is back near 2023 highs as a resistance battle brews. Can the bulls win?

That is the key . . . → Read More: BTC price nears 2023 highs — 5 things to know in Bitcoin this week

Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains.

BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance

Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp.

The largest cryptocurrency saw its first . . . → Read More: Crypto traders urge caution as Bitcoin price hits 3-month high near $31K

Bitcoin pioneer Hal Finney was competing in a 10-mile race when Satoshi Nakamoto was responding to emails and transacting on Bitcoin, newly surfaced evidence has revealed.

For years, it has been speculated that the late Hal Finney, a computer scientist, created Bitcoin (BTC). He was the first person besides Satoshi to download and . . . → Read More: Bitcoin pioneer Hal Finney can’t be Satoshi Nakamoto, new analysis suggests