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October 3, 2023

What is an STO? A Comprehensive Beginner’s Guide

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Who is Satoshi Nakamoto?

Who is Satoshi Nakamoto? This is one of the most important and unanswered questions in the crypto sphere. Many people and organizations have been linked

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Report: Victims of South African BTC Scam Set to Receive Portion of Invested Funds

Some investors who invested in the South African bitcoin pyramid scheme MTI are set to receive part of their money back once a court rules on how liquidators are supposed to handle claims. Liquidators expect to make more than one payout to affected investors while the process itself is expected to last between two and
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Exploring the Potential of AI in the Public Sector: Insights from Ada Lovelace Institute

In today’s swiftly evolving digital landscape, public sector entities are on the verge of fully realizing the capabilities of Artificial Intelligence (AI) models. A recent policy brief from the Ada Lovelace Institute offers valuable perspectives on the opportunities and potential risks of employing AI. This is particularly true in foundational models within governmental organizations. Public ... Read more
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Analyst: Solana (SOL) is Ready for a Strong Bull Market, Target Price at $250

Experienced crypto analyst and trader Inmortal stated that Solana‘s native asset SOL is preparing for a strong bull market. The analyst predicts that the price of SOL will increase more than 10 times in the next 2 years. The post Analyst: Solana (SOL) is Ready for a Strong Bull Market, Target Price at $250 appeared first on COINTURK NEWS.
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China’s Cryptocurrency Ban Continues to Hurt Eastern Asia: Report

Blockchain data platform Chainalysis’ recent report shows that crypto activities in Eastern Asia have reduced significantly over the years. As per the report, the region that once held a larger share of the crypto market now accounts for 8.8% of global crypto activity over the past year. In particular, the report placed East Asia as The post China’s Cryptocurrency Ban Continues to Hurt Eastern Asia: Report appeared first on Coin Edition .
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DOT witnesses strong gains but this is why bulls may lose steam at $4.2

The H4 market structure of DOT was bullish, and the OBV was also in a steady ascent since 28 September. However, there was a reason traders could still look for selling opportunities.
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Is Filecoin Trading in the Right Direction?

The crypto market has been steady for the better half of 2023. The industry is seeing several major assets showing resilience even better than traditional assets. Filecoin, or FIL, is one such crypto asset that has been trading around the $3 mark for a while now. A major reason behind this growth is the launch …
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Analyst States Why He Stopped Accumulating XRP and When He Will Sell His Holdings

In recent weeks, XRP has seen a lot of bullish predictions. The recent market cap spike has increased the bullish sentiment in the market. However, not everyone is hopeful for the future of XRP, as one analyst has shared his disappointment in XRP’s performance and why he’s no longer interested in accumulating XRP as always. The post Analyst States Why He Stopped Accumulating XRP and When He Will Sell His Holdings appeared first on Times Tabloid .
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Ripple CTO Shares Details of 1 Million XRP Buy At $0.005

The Ripple CTO David Schwartz recently revealed that his father bought over 1 million XRP in 2014 when the asset was trading for $0.005. The disclosure came as a response to a question posed by Alex Cobb, a notable XRP community figure and trader. Cobb had taken to X to ask members of the XRP The post Ripple CTO Shares Details of 1 Million XRP Buy At $0.005 first appeared on The Crypto Basic .
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Zookal Unveils Cutting-Edge Exam Preparation Program

In a significant advancement within education, Zookal, a prominent educational technology enterprise, has revealed a groundbreaking AI-driven program dedicated to enhancing students’ exam preparation experiences while mitigating stress. Leading the initiative, Zookal’s Chief Executive Officer, Ahmed Haider, aims to redefine the way students prepare for crucial exams. Zookal’s groundbreaking AI program introduces a paradigm shift ... Read more
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Aptos Labs CEO on Three Catalysts That Could Bring a Billion New Users to Crypto

In a recent conversation with crypto analyst Scott Melker, Mo Shaikh, the CEO and co-founder of Aptos (APT), outlined three pivotal factors that could usher in a new era of mass adoption for cryptocurrencies. Shaikh believes these elements can potentially attract a billion new users to the digital asset landscape. The first factor Shaikh emphasized
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Celsius Network seeking court approval for repayment plan

Celsius Network, the embattled crypto lender, is making strides toward repaying its customers by the end of 2023. The company’s legal counsel, Christopher Koenig, recently revealed during an October 2 hearing in New York that they are pursuing court approval for a reorganization plan that promises a brighter future for the platform. Celsius Network’s commitment The post Celsius Network seeking court approval for repayment plan appeared first on Invezz .
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Chainalysis Goes Forward With a Second Round of Layoffs: Report

This is the second round of layoffs conducted by the firm, following a smaller action in the same vein in February.
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Chainalysis Inc. to Lay Off 15% of Employees Due to Market Conditions!

The post Chainalysis Inc. to Lay Off 15% of Employees Due to Market Conditions! appeared first on Coinpedia Fintech News Blockchain data company Chainalysis Inc. has announced that it is laying off 15% of its employees due to market conditions. The news comes as more and more firms operating within the cryptocurrency sector are forced to let staff go as the market struggles to stabilize. Losses have been particularly pronounced in the mining industry, where …
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Binance Loans to Close All Outstanding BUSD Credit and Collateral Positions

Crypto exchange Binance‘s crypto loan platform, Binance Loans, has announced that it will close all outstanding Binance USD (BUSD) credit and collateral positions. Users are advised to close their affected loans to prevent potential losses. The post Binance Loans to Close All Outstanding BUSD Credit and Collateral Positions appeared first on COINTURK NEWS.
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UBS Launches Ethereum-based Money Market Fund Through Singapore's Project Guardian

Leveraging a smart contract on the Ethereum network, the pilot facilitated activities such as redemptions and fund subscriptions.
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SBF’s Legal Team Moves to Halt Ukrainian Witness Testimony

The post SBF’s Legal Team Moves to Halt Ukrainian Witness Testimony appeared first on Coinpedia Fintech News Attorneys for Sam Bankman-Fried (SBF), the embattled crypto exchange founder, are challenging the Department of Justice’s decision to allow a Ukrainian customer to offer remote testimony at the trial. They argue that such a move could unfairly sway the jury due to its emotional content. The Clash Over Remote Testimony The defense team’s move comes …
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Argentinian Presidential Frontrunners Pit BTC & Dollar Against CBDC

A leading Argentinian presidential candidate says he will launch a CBDC if he is elected – putting him on a collision course with a pro-Bitcoin dollarization advocate. According to the media outlet Ambito, Sergio Massa, the country’s current Minister of Economy and a candidate for this month’s elections, called for the creation of a digital peso during a live debate. He said:... Read More: Argentinian Presidential Frontrunners Pit BTC & Dollar Against CBDC
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Cardano (ADA) Price Analysis: Bulls Aim More Upsides Above $0.27

ADA price is correcting gains from the $0.270 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.256 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase The post Cardano (ADA) Price Analysis: Bulls Aim More Upsides Above $0.27 appeared first on Live Bitcoin News .
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Ripple CTO Reveals Father’s Massive XRP Buy

David Schwartz, Ripple’s chief technology officer, recently unveiled that his father purchased over a million XRP back in 2014
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Grayscale Files To Convert $5 Billion Ethereum Trust Into An ETF

Asset management giant Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission to have its Ethereum Trust into a spot Ethereum exchange-traded fund (ETF). The application, which was submitted earlier today, comes just days after the securities regulator started approving Ethereum Futures ETF. Michael Sonnenshein, the man at the helm of The post Grayscale Files To Convert $5 Billion Ethereum Trust Into An ETF appeared first on Coin Edition .
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BCH Price Analysis: BCH Eyes $300 Despite A Bear Trap!

The post BCH Price Analysis: BCH Eyes $300 Despite A Bear Trap! appeared first on Coinpedia Fintech News With the market taking a bullish step in October, the altcoins are rising higher to their previous swing highs. Even the BCH price reaches the $250 mark with a remarkable growth of 10% within just two days. Currently, the overhead supply pressure at the psychological mark triggers a short correction in the Bitcoin Cash market …
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Krafton Launches Cosmos-Based Payment System For $250B Economy

Prominent South Korean video game company, Krafton who is responsible for popular games like PUBG: Battlegrounds recently announced that they are launching on the Cosmos blockchain network, at the Circle Hacker House event. DEX Osmosis’ founder Josh Lee tweeted on September 4 that Krafton will launch a Cosmos-based chain, Settlus. Lee also unveiled that Settlus The post Krafton Launches Cosmos-Based Payment System For $250B Economy appeared first on Coin Edition .
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XRP Price Prediction – Why Bulls May Have A Chance For Fresh Bullish Streak?

Ripple’s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50. Ripple’s token price is correcting gains from the 0.550 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels. Ripple’s Token Price Holds Key Support In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin and Ethereum. The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high. However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance. More Losses in XRP? If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours). The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.475 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.505, $0.500, and $0.490. Major Resistance Levels – $0.520, $0.532, and $0.550.
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Mysterious ‘Satoshi Nakamoto’ Social Media Presence Emerges

The post Mysterious ‘Satoshi Nakamoto’ Social Media Presence Emerges appeared first on Coinpedia Fintech News The Cryptocurrency community seems to be buzzing as Bitcoin founder Satoshi Nakamoto’s account has posted for the first time in 5 years, and the news is spreading like wildfire! What could it possibly mean? Can some hacker/internet expert reveal his identity with the present technology? Is Bitcoin going to enter into a bullish period soon? …
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iFX EXPO International 2023 wraps up another successful event

The city welcomed over 4,000 fintech professionals worldwide for the event at the City of Dreams Integrated Resort in Limassol, Cyprus, from September 19 to 21, 2023. Running for more than 10 years, iFX EXPO International gives C-suite executives a common platform to connect, collaborate, and build a community that leads the financial space into …
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India Planning to Launch Global Database of Crypto Exchanges by Next Year

India is planning to introduce a comprehensive global database of cryptocurrency exchanges to help law enforcement agencies combat crypto-related crimes. This initiative comes as part of India's push to align itself with international standards for regulating cryptocurrency assets. As per The Economic Times report, the launch is expected by the end of the current financial year.... Read More: India Planning to Launch Global Database of Crypto Exchanges by Next Year
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Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.
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cointelegraph

Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

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Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle

The renowned American author and financial journalist Michael Lewis has found himself embroiled in stern criticism from the crypto community amid his comment on the bankrupt FTX exchange. In a recent interview, Lewis opined that FTX had a solid and viable business foundation. In his view, if no one had raised doubts about FTX’s business The post Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle appeared first on Coin Edition .
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SBI’s Winning Formula: Boosting XDC Adoption, Drawing from XRP’s Success

The post SBI’s Winning Formula: Boosting XDC Adoption, Drawing from XRP’s Success appeared first on Coinpedia Fintech News In a significant move that could reshape the world of blockchain and finance, SBI Holdings has unveiled its winning strategy for the XDC Network, mirroring the successes of XRP. The Japanese conglomerate recently announced a Basic Agreement to establish a Joint Venture with TradeFinex Tech Ltd., the driving force behind the XDC Network, and the …
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Celsius Network Plans for Relaunch With $450M Seed Funding

The post Celsius Network Plans for Relaunch With $450M Seed Funding appeared first on Coinpedia Fintech News The Celsius case is a significant test for the crypto industry. If they successfully relaunch, it might provide a blueprint for other failed platforms. But there are many legal and ethical hurdles to clear first. Let’s delve in to know more about the company’s revival story. Seed Funding of $450M to Revive the Ashes: Here’s …
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Chainlink: This is why a correction is likely before LINK’s next bull run

LINK’s stagnancy could be linked to its 30-day Market Value to Realized Value (MVRV) ratio history. But the drawdown may not last long.
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Neeva’s AI Experience and the Challenge Against Search Giant Google

In the ever-evolving realm of search engines, Neeva Inc., founded by ex-Google executives, has emerged as a cautionary tale in the ongoing antitrust battle against Alphabet Inc.’s Google. The U.S. Department of Justice, in its efforts to prove Google’s alleged illegal monopoly, has spotlighted the struggles of startups attempting to challenge the tech giant. Neeva, ... Read more
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Crypto Manipulation Hinders SEC’s ETF Approval: Report

The ubiquitous crypto market has been witnessing a period of downturn, particularly since the downfall of the once-eminent crypto platform FTX. In a recent YouTube video, the crypto portal Coin Bureau shed light on the two major crises in the crypto industry, namely, insider trading and wash trading, which often lead to market manipulation. The The post Crypto Manipulation Hinders SEC’s ETF Approval: Report appeared first on Coin Edition .
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Celsius seeks court approval to start repaying customers by year-end

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
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cointelegraph

Celsius seeks court approval to start repaying customers by year-end

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.

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Investment insights: Is Cardano underperforming in 2023?

As we assess the potential of investments for 2023, we must examine whether Cardano (ADA) has achieved the expectations of its patrons and the wider crypto markets. To gauge if ADA has been successful, we shall analyze recent developments, partnerships, and the most influential factors driving its current state as of 2023. This combination of …
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Ethereum Price Trims Gains But Here’s Why ETH Could Start Fresh Rally

Ethereum price corrected gains from the $1,750 zone against the US dollar. ETH is holding the key $1,620 support and might start a fresh rally. Ethereum is correcting gains from the $1,755 high. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $1,620 support. Ethereum Price Corrects Gains Ethereum’s price extended its increase above the $1,720 level. ETH even spiked above the $1,750 resistance zone before the bears appeared, like Bitcoin. A high was formed near $1,755 before there was a downside correction. There was a move below the $1,700 support level and the 100-hourly Simple Moving Average. The price declined below the 50% Fib retracement level of the upward move from the $1,583 swing low to the $1,755 high. Besides, there was a break below a connecting bullish trend line with support near $1,690 on the hourly chart of ETH/USD. Ethereum is now trading below $1,700 and the 100-hourly Simple Moving Average. However, the price is still above the 61.8% Fib retracement level of the upward move from the $1,583 swing low to the $1,755 high. On the upside, the price might face resistance near the $1,670 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next major resistance is $1,700. A clear move above the $1,700 resistance zone could set the pace for a fresh increase. In the stated case, the price could visit the $1,750 resistance. The next key resistance might be $1,820. Any more gains might open the doors for a move toward $1,880. More Losses in ETH? If Ethereum fails to clear the $1,700 resistance, it could continue to move down. Initial support on the downside is near the $1,650 level. The next key support is $1,620. A downside break below the $1,620 support might start another strong bearish wave. In the stated case, there could be a drop toward the $1,580 level. Any more losses might call for a test of $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,620 Major Resistance Level – $1,700
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Class-Action Lawsuit Targets Binance and CZ for Market Manipulation That Affected FTX

The post Class-Action Lawsuit Targets Binance and CZ for Market Manipulation That Affected FTX appeared first on Coinpedia Fintech News Binance, the leading crypto exchange, and its top executive, Changpeng Zhao, known widely as CZ, face mounting legal pressures. A California resident, Nir Lahav, brought a class-action lawsuit, alleging market manipulation strategies targeting former rival crypto firm FTX. Mounting Accusations Lahav’s main argument revolves around CZ’s tweets from early November, coinciding with a significant period …
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cointelegraph

Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm.

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Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm.
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Terraform Labs and Do Kwon: Investors decided to withdraw class-action lawsuit

In a rapidly evolving legal landscape, Terraform Labs and its co-founder, Do Kwon, find themselves at the center of multiple controversies. Amidst the storm, a recent development has caught the attention of many: a group of investors has decided to withdraw their class-action lawsuit against the company and its leadership. This unexpected move raises questions ... Read more
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Why Is The Crypto Market Down Today? Here Are The Key Factors

The post Why Is The Crypto Market Down Today? Here Are The Key Factors appeared first on Coinpedia Fintech News In the early Asian trading period on Tuesday, the total cryptocurrency market cap retraced approximately 2 percent, falling to about $1.13 trillion. This decline resulted in over $111 million being liquidated within the crypto market during the past 24 hours, with long traders taking the biggest hit. Despite the recent excitement surrounding the launch of …
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Binance CEO Changpeng Zhao Faces Class-Action Lawsuit Over Alleged Role in FTX's Collapse

Binance CEO Changpeng Zhao and Binance.US are facing a class-action lawsuit filed by a California resident Nir Lahav for their alleged role in causing the downfall of rival exchange FTX. The lawsuit further accuses them of various violations of federal and California law related to unfair competition and attempts to monopolize the cryptocurrency market. The lawsuit referred to a series of tweets made by Changpeng Zhao in early November, just before the dramatic collapse of FTX. ... Read More: Binance CEO Changpeng Zhao Faces Class-Action Lawsuit Over Alleged Role in FTX's Collapse
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Ripple IPO Valuation Predicted to Skyrocket 20x to $600. Will XRP Price Hit New ATH?

The post Ripple IPO Valuation Predicted to Skyrocket 20x to $600. Will XRP Price Hit New ATH? appeared first on Coinpedia Fintech News Once a rumor can become today’s reality, Ripple’s much-anticipated move of the year will be an IPO. IPO has been buzzing since Ripple won the summary judgment, and Ripple’s CEO announced a success party for its true XRP community for supporting the native token all through three years. But one question everyone is keen to …
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UBS Expands Tokenization Horizons with Ethereum-Based Money Market Fund

UBS expands Project Guardian, a blockchain-based initiative, to enhance market liquidity and accessibility.
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AI Training Data Clash Escalates as Tech Giants Lock Horns

In a landmark US trial against Google, Microsoft CEO Satya Nadella testified about the fierce battleground tech giants are navigating to acquire vast amounts of content essential for training artificial intelligence models. He expressed concerns over Google’s strategy of securing exclusive and costly deals with publishers, likening it to the early days of distribution deals. ... Read more
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Binance Assists Thai Law Enforcement with Dismantling Major Crypto Scams!

The post Binance Assists Thai Law Enforcement with Dismantling Major Crypto Scams! appeared first on Coinpedia Fintech News Binance largest crypto exchange has played an important role in assisting Thai law enforcement with two operations to dismantle criminal networks responsible for major crypto scams. Recently, Binance collaborated extensively with Thai law enforcement, responding to requests for investigations, prosecutions, and asset seizures related to cybercrime investigations. In a significant case, Binance collaborated with the …
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Ethereum Price Analysis: ETH Revisits Key Uptrend Support

Ethereum price started a downside correction from the $1,750 resistance against the US Dollar. ETH price is now trading above $1,640 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,640 on the 4-hour chart (data feed from Coinbase). The pair could continue to move The post Ethereum Price Analysis: ETH Revisits Key Uptrend Support appeared first on Live Bitcoin News .
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Arbitrum: Can investors sustain ARB’s ongoing bullish uptrend?

Arbitrum continued its strong rally, breaking above the $0.919 resistance level to extend its bullish gains by 9% over the past 24 hours.
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Paul Grewal’s Insightful Commentary on SBF’s Trial: What to Expect from Jury Selection

The post Paul Grewal’s Insightful Commentary on SBF’s Trial: What to Expect from Jury Selection appeared first on Coinpedia Fintech News The trial of Sam Bankman-Fried (SBF), the embattled 31-year-old founder of the now-defunct cryptocurrency exchange FTX, is set to begin this week. With seven criminal charges already on the table and five more pending for a March 2024 trial, Bankman-Fried looks at potential maximum sentences adding up to 110 years. This is not merely a …
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Kenya’s parliament takes firm stance on Worldcoin initiative

In a recent development, Kenya’s parliamentary committee has taken a decisive stance against the Worldcoin cryptocurrency initiative. The committee’s recommendation to halt the initiative immediately stems from rising concerns over user privacy and the pressing need for comprehensive regulations. This move by the Kenyan government is a reflection of the growing skepticism surrounding the Worldcoin ... Read more
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Bitcoin Price Sees Technical Correction But The Bulls Are Not Done Yet

Bitcoin price extended its increase toward the $28,500 resistance. BTC corrected gains and is currently holding a key support at $27,350. Bitcoin climbed further higher above the $28,000 and $28,200 resistance levels. The price is trading above $27,400 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $26,650 support. Bitcoin Price Remains Supported Bitcoin price started a decent increase above the $27,200 resistance zone. BTC climbed higher steadily above the $27,500 and $28,000 resistance levels. The price tested the $28,500 resistance. A new multi-week high was formed near $28,565 before it saw a downside correction. Finally, the price saw a downside correction below the $28,200 and $28,000 levels. It even moved below the 50% Fib retracement level of the upward move from the $26,690 swing low to the $28,565 high. Bitcoin is still trading above $27,400 and the 100 hourly Simple moving average. Besides, there is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $27,850 level. The next key resistance could be near the $28,000 level. A close above the $28,000 resistance could start another increase. Source: BTCUSD on TradingView.com In the stated case, the price could climb toward the $28,500 resistance. Any more gains might call for a move toward the $29,200 level. More Losses In BTC? If Bitcoin fails to continue higher above the $28,000 resistance, there could be more downsides. Immediate support on the downside is near the $27,400 level and the trend line. The next major support is near the $27,250 level or the 100 SMA. A downside break and close below the $27,250 level might send the price toward $26,800. The next support sits at $26,650. Any more losses might call for a test of $26,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $27,250, followed by $26,650. Major Resistance Levels – $28,000, $28,500, and $29,200.
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cointelegraph

Chainalysis axes another 15% of staff citing difficult market conditions

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.

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cointelegraph

Ethereum futures ETFs garner lukewarm reception on first day of trading

Day one trading volume across all nine products stood at less than $2 million.

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cointelegraph

AI can be used in 'every single process' of JPMorgan’s operations, says CEO

JPMorgan’s CEO Jamie Dimon pointed to trading, hedging, research and error detection as just some of the processes that can be streamlined by AI.

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cointelegraph

6 Questions for JW Verret — the blockchain professor who’s tracking the money

J.W. Verret is the “Blockchain Professor.” He may be tracking your money, but he’s advocating for crypto.

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cointelegraph

Class-action suit filed against Binance for alleged harm to FTX before its collapse

A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.

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cointelegraph

Investors drop class-action lawsuit against Terraform Labs and Do Kwon

The dropping of the suit came amid Terra facing a lawsuit brought by the U.S. Securities and Exchange Commission and Do Kwon possibly nearing the end of his sentence in Montenegro.

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cointelegraph

Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”

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cointelegraph

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

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cointelegraph

Why is Ether (ETH) price up today?

Ether price is up today as Ethereum futures ETF launches and other signs of institutional adoption boost investor sentiment.

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cointelegraph

One-third of all CFTC crypto enforcement actions took place this year — Chairman Behnam

CFTC Chairman Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.

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cointelegraph

Book describes Sam Bankman-Fried with little attention span or respect for appointments

The former FTX CEO was reportedly invited by Vogue editor-in-chief Anna Wintour to be her special guest at the Met Gala, only to cancel at the last minute.

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cointelegraph

SEC continues to delay decisions on crypto ETFs: Law Decoded

The latest delays came two weeks before the second deadline for many applicants.

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cointelegraph

Crypto liquidity provider GSR receives regulatory approval in Singapore

The license allows GSR to provide crypto and fiat-related services to Singaporean residents and entities.

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cointelegraph

Price analysis 10/2: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin and select altcoins are looking strong at the start of October, but will the flashpan bullish momentum last?

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cointelegraph

Researchers find LLMs like ChatGPT output sensitive data even after it’s been ‘deleted’

According to the scientists, there’s no universal method by which data can be deleted from a pretrained large language model.

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cointelegraph

Why is the crypto market up today?

The crypto market is up today as the U.S. government avoids a shutdown and spot Bitcoin volumes surge.

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cointelegraph

Parliamentary committee calls for shutdown of Worldcoin in Kenya

The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.

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cointelegraph

Bankrupt CeFi firm Haru Invest hints at asset recovery

No specific timeline was given as to when users can receive their money back.

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cointelegraph

Tether treasury receives two $50M USDT lump sums from Bitfinex

Two transactions showed lump sums of $50 million in USDT transferred from Bitfinex to the Tether treasury only a few minutes apart.

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cointelegraph

BTC price knocks on $28.5K as trader says Bitcoin ‘reeks of disbelief’

Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed about the future.

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cointelegraph

VanEck Ethereum Strategy ETF set for CBOE listing

Following the U.S. SEC’s approval of spot Ether exchange-traded funds, VanEck has launched its Ethereum Strategy ETF.

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cointelegraph

Bitfarms increases mining pace, generates 411 BTC in September

Bitfarms, one of the largest Bitcoin miners in the world, believes that many of its best growth opportunities will arise from the upcoming BTC halving.

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AI a powerful tool for devs to change gaming, says former Google gaming head

Ryan Wyatt deciphers the the possibilities for AI to help gamers and game developers achieve.

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cointelegraph

Swiss bank UBS launches tokenized money market fund on Ethereum

The fund is a part of a wider VCC umbrella that brings various real-world assets to the blockchain.

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cointelegraph

Grayscale submits SEC filing to convert Ethereum Trust to spot ETF

Crypto asset manager Grayscale has filed an application with the U.S. SEC to convert its Ethereum Trust to a spot Ethereum ETF.

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cointelegraph

Hashing It Out: What happens when cloud meets Web3?

The guests on this episode of Hashing It Out discuss how cloud technology and Web3 intersect, with a special focus on user identity and regulations.

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cointelegraph

IMF working paper proposes country-level assessment matrix for crypto risks

The matrix aims to identify potential risks associated with the crypto space and policy responses for regulators.

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