Ripple has pulled out of the Fortress Trust acquisition bid. The crypto community speculates about Fortress Trust’s financial health. Some suggest that Fortress Trust may be filing for bankruptcy. The crypto community is speculating about the fate of the Web3 financial service firm Fortress Trust as Ripple proclaimed its decision to no longer pursue an The post Will Fortress File for Bankruptcy Now that Ripple Cancels Buyout Bid? appeared first on Coin Edition .

U.S. Representative Don Beyer has introduced a new bill, the Off-Chain Digital Commodity Transaction Reporting Act

After a protracted standoff, the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have finally settled their differences. Negotiations, as the saying goes, involve both wins and losses, and in a commendable display of transparency, the WGA has disclosed its strike-related expenses from inception to resolution. While the ... Read more

The post Crypto Tycoon Zhu Su Of Three Arrows Capital Nabbed In Daring Escape Attempt From Singapore appeared first on Coinpedia Fintech News According to latest reports, the co-founder of the now-defunct crypto hedge fund Three Arrows Capital, was apprehended in an escape attempt from Singapore. This arrest was made amid growing concerns surrounding his former hedge fund and the recent launch of his crypto exchange, OPNX. Zhu Su Is Sent To Prison For 4 Months Zhu Su, …

A popular cryptocurrency trader believes that a controversial altcoin project still has potential for growth. Pseudonymous crypto analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that Worldcoin (WLD) could surge by more than 11% from its current value. “WLD: I am all out of this one, took the majority of The post Crypto Trader Says Controversial Altcoin Could Surge by Double Digits, Updates Outlook on Biconomy and Terra appeared first on The Daily Hodl .

Ethereum developers have rolled out a brand new testnet called Holesky.

Siam Commercial Bank (SCB) has entered into partnership with Hashed, Tier-1 South Korean VC firm

Ripple Labs Inc recently had announced that it will not proceed with its planned acquisition of Fortress Trust The post Ripple Announces Decision to Step Back on Acquiring Fortress Trust appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

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Su Zhu of the beleaguered crypto hedge fund 3AC has been detained by law enforcement in Singapore

It’s the Wall Street clash everyone’s talking about. On one side, you have SBF, the erstwhile billionaire and once-head of the FTX cryptocurrency exchange. On the other, the determined U.S. Attorney for the Southern District of New York, Damian Williams, whose mission is to purge corruption from our financial markets. Let’s break it down. Wall ... Read more

After a negative performance since August as expected, the general market decline has made it easier for bears. Now, as the Bitcoin price continues to struggle around the $27,000 region, popular altcoins are gaining momentum. The post Litecoin (LTC) Analysis: Will the Downtrend Continue? appeared first on COINTURK NEWS.

The bad actors in the cryptocurrency markets, who wreaked havoc in 2022, are now being apprehended one by one. Last year, 3AC caused billions of dollars in market value losses, amplifying the volatility in the markets. The post Crypto Scammer Finally Captured: 3AC Co-founder Zhu Su Arrested in Singapore appeared first on COINTURK NEWS.

The decentralisied finance (DeFi) and Web3 ecosystems have a new adoption channel following the integration of Tezos (XTZ) with enterprise-ready crypto custody platform Fireblocks. The market has reacted positively to the news, pushing the price of XTZ up by 3% on Friday morning. XTZ/USD currently trades around $0.67. Tezos goes live on Fireblocks According to The post Tezos expands institutional access with Fireblocks integration appeared first on Invezz .

According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about inflationary pressures that could prompt the Federal Reserve to adjust interest rates.... Read More: August PCE Inflation Data: Federal Reserve's Key Measure Dips, Easing Market Concerns

Co-founder of the Three Arrows Capital hedge fund was seized at Changi airport, Teneo said

SBI Holdings Co., Ltd. has inked a Basic Agreement with TradeFinex Tech Ltd. The partnership aims to establish a joint venture in Japan to promote the XDC Network, a specialized blockchain designed to enhance trade finance efficiency. With its headquarters in Dubai and a global presence spanning the United States, Singapore, and India, the XDC ... Read more

Bitcoin is trading almost flat on the week, despite this week's volatility, but Ripple's XRP shocked with an unexpected surge today.

The United States Securities and Exchange Commission (SEC) has delayed its decision on the Bitcoin spot ETF application from Valkyrie The post SEC Further Delays its Decision for Valkyrie Bitcoin Fund ETF appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Gemini will reportedly cease operations in the Netherlands due to regulatory requirements imposed by the De Nederlandsche Bank (DNB)

In an exclusive interview with cryptonews.com, Omer Amsel, Head of Web3 at Fireblocks, talks about developing Web3 for mainstream adoption, how to get to the next million users in the ecosystem, and Web2 businesses moving into Web3.... Read More: Omer Amsel, Head of Web3 at Fireblocks, on Web2 Companies Moving to Web3, and Crypto Going Mainstream | Ep. 269

In the fast-paced world of online casinos, Lucky Block Casino has emerged as a prominent

CRO Price Prediction 2023-2032 Cronos is the native token for the Crypto.com blockchain. First known as Crypto.com Coin, in February 2022, it was rebranded as Cronos, though it still trades under the same CRO abbreviation. Three months after going live, user adoption has surpassed expectations, with more than 350,000 unique wallet addresses performing transactions on ... Read more

XRP triggers sudden spike, this might be what's behind it

Su could spend four months in prison, according to a committal order issued against him days ago.

In a world increasingly adapting to digital financial solutions, not everyone seems to be on board with the crypto revolution. Coinbase CEO, Brian Armstrong, has thrown a critical spotlight onto JPMorgan Chase, rebuking the financial giant for its recent move to halt all crypto-related transactions for its UK-based digital banking offshoot, Chase UK. Armstrong’s Concerns ... Read more

The post Ethereum’s Holesky Test Network Launches Successfully After Initial Setback appeared first on Coinpedia Fintech News After an anticlimactic false start, Ethereum developers regrouped for a successful second attempt at launching the critical Holesky test network. The new blockchain test environment will empower researchers to safely experiment with ambitious upgrades aimed at supercharging Ethereum’s scalability and performance. The Holesky genesis event commenced without issues around 8:10 a.m. ET Thursday, according to …

The National Bank of Georgia (NGB) is developing the digital GEL and is searching for a suitable partner

Valkyrie, VanEck and ProShares have all had their applications to launch an ethereum futures ETF approved.

The post Bitwise’s Bitcoin & Ethereum ETF May Launch Next Week, Says Bloomberg! appeared first on Coinpedia Fintech News Crypto investment firm Bitwise is reportedly gearing up to launch its Equal Weight Bitcoin and Ethereum Futures Exchange-Traded Fund (ETF) next week. This follows the company’s submission of an updated prospectus for the ETF to the regulators. With an expense ratio of 0.85% and the ticker symbol BTOP, Bitwise’s ETF joins VanEck’s fund, which is …

The post FTX Creditors Set to Receive Triple Payouts as Estate Recovers $7.3 Billion: Matrixport Report Reveals appeared first on Coinpedia Fintech News FTX is the biggest fall in the crypto industry and so is the impact. But what is more complicated is the recovery process that met with severe setbacks in past. FTX, the crypto exchange currently going through a complex bankruptcy process, has seen the expected payouts to creditors triple in value over the course of …

Cryptocurrencies are starting to gain momentum amidst the volatility in Bitcoin price. But will this continue? The post XRP Coin Price Analysis: Will the Rally Continue? appeared first on COINTURK NEWS.

Crypto analyst Nicholas Merten, known for his timely warnings, has warned that Bitcoin (BTC) could collapse due to various factors, including a possible recession. Here is the analyst’s doomsday prediction for Bitcoin. The post Crypto Analyst Warns of Possible Bitcoin Collapse Amid Various Factors appeared first on COINTURK NEWS.

According to Bloomberg, Zhu Su, the founder of Three Arrows Capital, which went bankrupt in 2022, was arrested in Singapore. Additionally, Zhu Su was sentenced to 4 Months in prison by the Singapore Court. According to Bloomberg, Teneo, the liquidator of Three Arrows Capital, confirmed that Su Zhu was arrested at the airport this afternoon Continue Reading: BREAKING! Three Arrows Capital Founder Arrested in Singapore!

Litecoin Price Prediction 2023-2032 How much is LTC worth? Today, the price of Litecoin stands at $65.6, backed by a 24-hour trading volume amounting to $222 million. With a market capitalization of $4.72 billion, its market dominance is 0.45%. Over the past 24 hours, the LTC price has seen a 2.8% increase. Currently, the circulating ... Read more

Cardano Price Predictions 2023-2032 Yet again, the crypto market is toiling in the abyss of uncertainty following the series of delisting fuelled by the ongoing United States SEC crackdown on major crypto platforms. Basically, it’s crypto winter in the summer as it stands. How do Cardano Price Prediction analysts steer in this turbulent crypto weather? ... Read more

Bitcoin has broken back above the $27,000 level during the past day, but if on-chain data is to go by, this surge may not last for long. Bitcoin Investors Are Taking Profits At Highest Rate In 3 Months According to data from the on-chain analytics firm Santiment, there is a chance that a short-term correction could happen for the cryptocurrency. The relevant metric here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name suggests, tells us about how the profit-taking volume compares against the loss-taking volume on the Bitcoin network right now. This indicator works by going through the transaction history of each coin being sold/transferred on the blockchain to see what price it was moved at before. If this previous selling price for any coin was less than the current spot price, then that coin is being sold at a profit right now. Related Reading: Bitcoin Bearish Signal: Long-Term Holders Deposit To Exchanges The sale of all such tokens would contribute toward the Bitcoin profit-taking volume, while coins of the opposite type would add towards the loss-taking volume. Now, here is a chart that shows the trend in this BTC metric over the past few months: The value of the metric seems to have been quite high in recent days | Source: Santiment on X As displayed in the above graph, this Bitcoin indicator has observed a large spike as the cryptocurrency’s price itself has seen a surge beyond the $27,000 mark and has reached a value of 2.51. When the metric has a value greater than zero, it means that the profit-taking volume is more than the loss-taking volume. On the other hand, values under this threshold suggest the dominance of loss-taking. At the current value of 2.51, the profit-taking volume outweighs the loss-taking one by 3.51 to 1. This disparity between these two volumes is the highest it has been since around three months ago. Historically, intense profit-taking has usually resulted in at least a short-term top for Bitcoin, so it’s possible that the current values of the metric would also result in a correction for the price. In the chart, Santiment has also attached the data for the “Market Value to Realized Value (MVRV) ratio,” which keeps track of the difference between the Bitcoin market cap and realized cap. The latter of these is basically a measure of the total amount of capital that the investors as a whole have put into the cryptocurrency, so this metric tells us how the value that the holders are carrying currently compares with their total investment. Related Reading: Research Firm Reveals Its “Altcoin Trading Playbook” From the graph, it’s visible that the 7-day Bitcoin MVRV ratio has turned notably positive with this rise, which implies that the investors are carrying profits at the moment. The analytics firm notes that this metric going back below zero would be ideal for the next leg up, as the holders being in loss would lead to an exhaustion of the profit-sellers. BTC Price So far, despite the aggressive profit-taking happening in the market, Bitcoin has managed to hold above the $27,000 mark. BTC has observed a strong surge in the past day | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, Santiment.net

XRP recently reclaimed the $0.53 threshold for the first time this month, triggering hopes of a recovery campaign amid improved liquidity. XRP’s struggle against the bears took a favorable turn on Sept. 12 following a massive plunge the previous day that saw the asset plummet to a three-week low of $0.4590. XRP registered a comeback The post XRP Reclaims $0.53 in Recovery Attempt Amid Improved Liquidity first appeared on The Crypto Basic .

The post CommEX Denies Binance Ownership in Russian Business Takeover! appeared first on Coinpedia Fintech News CommEX, the company that has taken over Binance’s Russian business, has issued a statement clarifying that it is not affiliated with the world’s largest cryptocurrency exchange. Although it cannot disclose the ultimate beneficial owner, the company has made it clear that it doesn’t belong to Binance. CommEX has been working on developing its platform for …

In a legal twist, Circle challenges the SEC's stance on stablecoins in the ongoing case against Binance.

Arkham now supports Flare, a blockchain that provides developers with low-cost, scalable access to a wide variety of distributed data … Continued The post Arkham Intelligence adds Flare blockchain support appeared first on Finbold .

Epic Games, the company behind the popular video game Fortnite, announced that it would be laying off some of its employees due to expenses exceeding revenue

In an audacious reveal, Credit Suisse has forecasted a whopping $2.2 billion loss for the third quarter as repercussions emerge from the takeover by UBS. If ever there was a clear testament to the tumultuous terrain of bank mergers, this is it. The Rundown of Credit Suisse’s Losses Diving into the details, the significant losses ... Read more

Su Zhu, the co-founder of 3AC, faces a four-month imprisonment sentence as per the verdict of a Singapore court

Arbitrum (ARB) up 10% amid rare trading volume explosion

On September 29th, Bitcoin, which many analysts have identified as a critical resistance level, is trying to hold above the $27,000 level. Despite macroeconomic data and statements from the Fed, Bitcoin is making its best effort to stay strong, but market conditions are preventing it. $27,000 Level is Critical for BTC Data from TradingView shows us that Bitcoin is now looking to maintain its gains after a classic price consolidation and trying to prevent many losses that occurred this month. The post Bitcoin Struggles to Stay Above $27,000 Level appeared first on COINTURK NEWS.

SEC is working full time before the closure and approvals are coming one after the other. Activity may increase next week. The post SEC Approvals and the Future of Crypto ETFs appeared first on COINTURK NEWS.

Crypto Rover noted in his latest analysis that BTC was in the process of breaking out a multi-day negative trend. The analyst revealed that BTC breaking above $27.2K may be a confirmation of a bullish trend reversal. At press time, BTC was trading at $27,077.08 after it gained 2.55% over the past 24 hours. The The post BTC Could Print a New Ath Soon as It Breaks Its Negative Trend appeared first on Coin Edition .

The financial playground of Europe witnessed an unexpected twist. The Eurozone’s inflation shockingly sank to a two-year low. This noteworthy downturn has ignited hope, suggesting the dramatic spike in consumer prices might finally be settling down. Could this be the signal for the European Central Bank to pump the brakes on increasing interest rates? A ... Read more