If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin prices crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two More
My own exchange, Bitget, tried using AI to respond to customer inquiries â and the results reminded us that AI tools come with perils. As the world of cryptocurrency trading evolves, so does the technology supporting it. In recent years, we’ve seen a surge in AI tools like ChatGPT being integrated into various facets of More
BTC price action is now retesting its key 200-week moving average after holding it as support since March. Bitcoin (BTC) neared two-month lows on May 12 amid fears that a âhead-and-shouldersâ pattern would put bears ahead.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis of BTC price: âWelcome to bearadiseâData from Cointelegraph Markets Pro and TradingView showed More
Prices of hacked cryptocurrency accounts still fetch the highest prices among hacked online accounts, according to online data security provider Privacy Affairs. Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as just $30 apiece.According to an April 24 research paper by online More
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, âventure funding is down in almost every sector.â According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023. Crunchbase News More
Government should develop Know Your Customer procedures for social media and messaging services and take stronger measures to track cryptocurrency transactions. While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by More
The CFTC lawsuit against Binance could prove to be the beginning of the end for the crypto exchange in the United States, according to many market pundits. Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators. However More
Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes. The first day of Paris Blockchain Week (PBW) is bringing more thoughts on the ongoing crisis in the global banking system, with industry executives comparing the collapses of major cryptocurrency firms like FTX with the fall More
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the potential of the metaverse as a new economic growth engine.South More
The 200-day moving average is coming back to haunt BTC bulls after staying as resistance for over a year. Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView”All eyes” on 200-day moving averagesData from Cointelegraph Markets Pro and TradingView followed More
The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didnât find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets More
While most of SBFâs assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts. According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he More
The deal has received initial approval from the bankruptcy judge but will require the approval of creditors and final court approval. Bankrupt crypto lender Voyager Digital received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion.The approval comes amid a national security probe concerning Binance.US that Voyager is seeking More
Top Stories This WeekBankman-Fried may enter plea in NY federal court next week before Judge Lewis KaplanFormer FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation to the collapse More
Bitcoin and select altcoins are showing signs of a possible recovery in the near term but higher levels may continue to attract sellers. As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next More