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Day: October 5, 2023

  1. Home
  2. 2023
  3. October
  4. 05
Binance May Control $15.7 Billion in BNB Tokens: Report
  • bob
  • 2023-10-05
  • Company News
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • World

Binance May Control $15.7 Billion in BNB Tokens: Report

An investigative report published by Forbes on October 5th has revealed that Binance, the world’s largest cryptocurrency exchange, may have overstated the success of its 2017 Initial Coin Offering (ICO) for Binance Coin (BNB). According to the report, Binance founder and CEO Changpeng Zhao declared the ICO a success, claiming it had raised $15 million […]

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Scammer Steals $385K in Ether Through SIM Swapping
  • bob
  • 2023-10-05
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Market Analysis and Predictions
  • North America

Scammer Steals $385K in Ether Through SIM Swapping

A hacker has managed to steal 234 Ether (ETH) worth approximately $385,000 in less than 24 hours by manipulating the SIM cards of four Friend.Tech users. The victims reported that the scammer was able to switch their SIM cards to an iPhone SE at the Apple store. Manifold Trading has warned that up to $20 […]

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Bond Market Sell-Off Continues as US NFP Data Looms; Shiba Memu Token Sale Thrives
  • bob
  • 2023-10-05
  • Cryptocurrency Innovations
  • Economic Indicators
  • Investment Insights
  • Market Updates
  • North America

Bond Market Sell-Off Continues as US NFP Data Looms; Shiba Memu Token Sale Thrives

The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]

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El Salvador Launches First Local Bitcoin Mining Pool “Lava Pool
  • bob
  • 2023-10-05
  • Cryptocurrency Innovations
  • Regulatory Developments
  • South America
  • Sustainable Finance

El Salvador Launches First Local Bitcoin Mining Pool “Lava Pool

El Salvador has taken a major step forward in its ambition to use renewable energy sources for cryptocurrency mining by launching its first local Bitcoin mining pool, “Lava Pool”. Spearheaded by Volcano Energy in conjunction with Luxor Technologies, the project will make use of Luxor’s Hashrate Forward Marketplace to automate risk management techniques. The project […]

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Litecoin Bulls Line Up Ahead of Possible Breakout to $70
  • bob
  • 2023-10-05
  • Cryptocurrency Exchanges
  • Cryptocurrency Market Analysis
  • Market Analysis and Predictions
  • North America

Litecoin Bulls Line Up Ahead of Possible Breakout to $70

Litecoin (LTC) is currently trading at $64 and has seen a 1.5 percent rise in the last 7 days. The digital asset has been mirroring Bitcoin’s price movement and is looking to break out of the $70 local resistance. Investors have placed orders to buy 234,370 LTC when the price drops 5 percent to hit […]

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SEC Initiates Legal Proceedings Against Elon Musk for Non-Compliance with Subpoena
  • bob
  • 2023-10-05
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

SEC Initiates Legal Proceedings Against Elon Musk for Non-Compliance with Subpoena

Elon Musk is facing legal proceedings from the U.S. Securities and Exchange Commission (SEC) for failing to comply with a subpoena. The SEC is investigating whether Musk violated federal securities law with his Twitter purchase last year. The regulator has requested Musk’s testimony to obtain information relevant to its investigation. Musk had agreed to testify […]

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FTX Collapse: Former CTO Testifies in Criminal Trial of Ex-CEO SBF
  • bob
  • 2023-10-05
  • Company News
  • Cryptocurrency Exchanges
  • North America
  • Regulatory Developments

FTX Collapse: Former CTO Testifies in Criminal Trial of Ex-CEO SBF

Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, testified in the criminal trial of former CEO Sam “SBF” Bankman-Fried on October 5. Wang admitted to committing crimes with the help of Bankman-Fried, former Alameda Research CEO Caroline Ellison and former FTX engineering director Nishad Singh. Wang stated that Bankman-Fried was […]

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XRP Wallets Surpass 4.8 Million Following Ripple Court Victories
  • bob
  • 2023-10-05
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

XRP Wallets Surpass 4.8 Million Following Ripple Court Victories

Ripple and its XRP token have been gaining significant attention recently, following a key court win in July. This victory has caused the total number of XRP wallets to surpass 4.8 million. The crypto firm celebrated the success with a massive party in New York City, where CEO Brad Garlinghouse even got a tattoo to […]

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Bitcoin Price Predicted to Reach $1 Million by 2026: BitMEX Co-Founder Arthur Hayes
  • bob
  • 2023-10-05
  • Cryptocurrency Market Analysis
  • Macro-economic Trends
  • Market Analysis and Predictions
  • World

Bitcoin Price Predicted to Reach $1 Million by 2026: BitMEX Co-Founder Arthur Hayes

Arthur Hayes, co-founder of BitMEX and macro-analyst, recently predicted that Bitcoin’s price will reach between $750,000 and $1,000,000 per coin within 3 years. His prediction is based on the idea that all financial assets are due for an unprecedented boom. Hayes believes that Bitcoin will remain near $25,000 to $30,000 this year, before rising beyond […]

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Trust Wallet Token Set for 15% Rally After Double Bottom Setup
  • bob
  • 2023-10-05
  • Asia
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Market Analysis and Predictions

Trust Wallet Token Set for 15% Rally After Double Bottom Setup

Trust Wallet token (TWT) rose 10% to $0.90 on Oct 5, bringing its overall weekly gain to 25%. The TWT bulls are not through, as the coin eyes another 15% rise in the coming weeks due to a technical setup. TWT formed a “double bottom” pattern, best visible on the weekly chart. This setup entails […]

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