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Day: October 8, 2023

  1. Home
  2. 2023
  3. October
  4. 08
Concerns Raised Over Subsidization of Solana Validators and Threat to Network Autonomy
  • bob
  • 2023-10-08
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • North America

Concerns Raised Over Subsidization of Solana Validators and Threat to Network Autonomy

Serious concerns have emerged regarding the financial support provided to Solana validators by the Solana Foundation and Alameda Research. Allegations claim that over 90% of validators are heavily subsidized by these entities, raising questions about the network’s autonomy and decentralization.Arixon.eth, a researcher, has found that the Solana network’s node count and validator numbers were artificially […]

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Crypto Analyst Suggests Bitcoin Bear Market is Over, Breakout Imminent
  • bob
  • 2023-10-08
  • Cryptocurrency Market Analysis
  • Macro-economic Trends
  • Market Analysis and Predictions
  • World

Crypto Analyst Suggests Bitcoin Bear Market is Over, Breakout Imminent

A widely followed crypto analyst, TechDev, has suggested that Bitcoin’s bear market is over and an expansion upward is imminent. He shared a chart with monthly candles, Bollinger bands, and an additional indicator showing the logarithmic width between the bands relative to the 200-month moving average. The chart appears to suggest that Bitcoin’s Bollinger bands, […]

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HTX Exchange Recovers Stolen Funds, Pays Hacker White Hat Bonus of 250 ETH
  • bob
  • 2023-10-08
  • Cryptocurrency Exchanges
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • World

HTX Exchange Recovers Stolen Funds, Pays Hacker White Hat Bonus of 250 ETH

HTX (formerly Huobi) has recovered the crypto funds stolen by a hacker in late September and honored its 5% white hat bonus offer to the hacker. On September 25, the exchange was vulnerable and 5,000 ETH were drained from one of its hot wallets. HTX contacted the attacker and offered a 5% white hat bonus […]

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Ripple CTO Urges XRPL Validators to Support AMM Feature with Community Consensus
  • bob
  • 2023-10-08
  • Cryptocurrency Innovations
  • Market Analysis and Predictions
  • Regulatory Developments
  • World

Ripple CTO Urges XRPL Validators to Support AMM Feature with Community Consensus

David Schwartz, Ripple’s Chief Technical Officer (CTO), has called for XRP Ledger (XRPL) validators to support the Automated Market Maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Schwartz initiated a discussion on the XRPL’s AMM feature, referring to it as an intriguing DeFi innovation. The […]

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Binance Releases 11th Proof of Reserves, BNB Shows Signs of Accumulation
  • bob
  • 2023-10-08
  • Cryptocurrency Exchanges
  • Cryptocurrency Market Analysis
  • Market Analysis and Predictions
  • World

Binance Releases 11th Proof of Reserves, BNB Shows Signs of Accumulation

Binance recently released its 11th proof of reserves, revealing that the platform held 588,000 BTC assets, 3.83 million ETH assets, and 15.31 billion USDT assets. This disclosure comes amidst mounting pressure from regulators, and is intended to emphasize the exchange’s transparency with its users.BNB has been exhibiting accumulation trends since 22nd August, however, similar patterns […]

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Ripple and SEC Explore Settlement Possibilities in XRP Case
  • bob
  • 2023-10-08
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • North America
  • Regulatory Developments

Ripple and SEC Explore Settlement Possibilities in XRP Case

Ripple and the U.S. Securities and Exchange Commission (SEC) have been directed by U.S. District Judge Analisa Torres to work out a possible settlement. This is set for April 16, 2024, and both parties and their legal representatives are obligated to convene for an in-person meeting. The SEC stands to gain more with legal experts […]

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Bitcoin Price Avoids Volatility as $28K Resistance Looms
  • bob
  • 2023-10-08
  • Cryptocurrency Market Analysis
  • Macro-economic Trends
  • Market Analysis and Predictions
  • World

Bitcoin Price Avoids Volatility as $28K Resistance Looms

Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar. Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend. The pair recovered from a snap retest of $27,000 on Oct. 6, this coming thanks to surprise United […]

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Altcoins Lead the Crypto Market as Bitcoin Reaches Two-Month High
  • bob
  • 2023-10-08
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Market Analysis and Predictions
  • World

Altcoins Lead the Crypto Market as Bitcoin Reaches Two-Month High

Altcoins have been the stars of the crypto market today, with Toncoin (TON), Aave (AAVE), and Maker (MKR) leading the way. MKR has seen a 3% increase and is now trading at $1,455, likely due to its “Endgame Plan” which has proven to be successful. AAVE has also seen a 6% increase, now trading at […]

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Crypto Advocate Criticizes Supporters of Former FTX CEO Amid Fraud Allegations
  • bob
  • 2023-10-08
  • Company News
  • Financial Scams and Security
  • Regulatory Developments
  • World

Crypto Advocate Criticizes Supporters of Former FTX CEO Amid Fraud Allegations

John Deaton, an XRP holder’s attorney and crypto advocate, has criticized supporters of former FTX CEO Sam Bankman-Fried (SBF) during his ongoing trials related to the collapse of their crypto venture. Deaton expressed on his official X platform that individuals characterizing SBF as a well-intentioned individual who made “errors” and attributing the company’s rapid expansion […]

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Bitcoin Could Reach $100,000 by Early 2024, Predicts Kiyosaki and Back
  • bob
  • 2023-10-08
  • Cryptocurrency Market Analysis
  • Investment Insights
  • North America
  • Regulatory Developments

Bitcoin Could Reach $100,000 by Early 2024, Predicts Kiyosaki and Back

Bitcoin (BTC) could reach its all-time high of almost $70,000 and even surpass that level sometime in 2024, according to the AI-powered language model ChatGPT. This could be driven by a general bullish sentiment, a successful halving event, and positive momentum. Regulatory developments, such as potential SEC lawsuit outcomes and a US BTC ETF approval, […]

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