FTX founder and former CEO Sam Bankman-Fried’s gamble that the U.S.’s legal system will set him free three years after his empire collapsed may be about to hit its end. The Second Circuit Court of Appeals will hear arguments in Bankman-Fried’s effort to appeal his conviction and 25-year prison sentence two years and two days … Read more
Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash. Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above … Read more
Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news … Read more
Yet again, the digital economy was caught off guard when Amazon Web Services suffered its second major outage this year on Oct. 20, crippling exchange platforms like Coinbase and Robinhood and the analytics service Coinmarketcap. It was followed by a second, smaller outage just 10 days later. According to Amazon’s initial report, the Oct. 20 … Read more
DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them, sending a wave of speculative demand across the market. Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER climbed nearly 20% in response. The underlying project behind ASTER is a … Read more
Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend’s upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Bulls are still unable to reclaim lost support at $111,200 and above. Bitcoin (BTC) saw a late bid into Sunday’s weekly close as key reclaim levels … Read more
It’s not exactly news to frustrated bitcoin BTC$110,275.46 bulls that risk assets across the planet for months have been recording what seem like daily record highs while the price action in BTC remains rather muted. “What if everyone is looking at this wrong,” asks longtime traditional finance asset manager Jordi Visser in a heavily shared … Read more
Opinion by: Dima Saksonov, founder and CEO of Atleta Network The sports industry has become the distribution channel for blockchain’s mainstream moment. Leagues, teams and venues are running verifiable ticketing, identity and rights-management systems as mission-critical infrastructure that operates at stadium scale. This shift has positioned sports organizations as decisive buyers that carry blockchain into … Read more
October was supposed to be the month when long-awaited crypto exchange-traded funds (ETFs) finally hit U.S. markets. Deadlines for the Securities and Exchange Commission (SEC) to approve or deny several spot crypto ETF applications were lined up throughout the month. But when the U.S. government shut down, the process froze — and deadlines stopped mattering. … Read more
FTX creditors may receive far less than initially believed once payouts are adjusted for today’s inflated crypto valuations, according to Sunil, a prominent FTX creditor representative. In a Sunday post on X, Sunil estimated that the real crypto recovery rate for FTX creditors ranges between 9% and 46%, noting that the actual value could be … Read more