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Join Our Telegram channel to stay up to date on breaking news coverage Lawyers for Sam Bankman-Fried have until tomorrow to file for a postponement of his fraud trial scheduled to start on October 3 after they complained that his difficulties accessing the internet while in jail are undermining preparations. The lawyers are said that millions of pages of evidence were shared too late, given that Bankman-Fried’s trial will start on October 3 and the defendant is in jail. Judge Lewis Kaplan said that there was no evidence showing that the government acted in bad faith while the government argued that the documents produced earlier this month were obtained from Google, and Bankman-Fried already knew about them. Judge Kaplan appeared to agree with the government’s argument that most of the documents were obtained from the defendant’s personal Google accounts. The judge said that request for a postponement would not necessarily be granted. OK – now US v. B...

SEC has delayed its decision on WisdomTree' Bitcoin ETF, the next deadline for the ETF is set for 17th October. The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust first filed on Dec. 8 2021. The institutional giant refiled its ETF application on July 19, 2023 with the first deadline approaching. WisdomTree’s Bitcoin ETF proposal didn’t get the SEC’s approval in 2021. However. after BlackRock joined the spot Bitcoin ETF race, WisdomTree refiled its application as well, However, WisdomTree was not the only institutional giant making a second attempt after rejections, the likes of Valkyrie, Fidelity and Invesco have also re-filed their applications for a spot Bitcoin ETF. This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/sec-delays-decision-on-wisdomtree-s-spot-bitcoin-etf-tbt61134.html?utm_source=blogger_source&utm_medium=blogger_medium...

The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like PayPal enter the arena. Bloomberg Intelligence expert Jamie Coutts pointed to Ethereum’s (ETH) growing dominance, highlighted by key network adoption metrics and layer-2 projects like Optimism, Arbitrum, and Base. But its pretty clear that #Ethereum will be the winner in the upcoming stablecoin wars Across most network-adoption verticals, ETH or its broader ecosystem, which includes fast-growing rollup chains (L2s) such as #Optimism , #Base, #Arbitrum, lead all alternative networks pic.twitter.com/UOU7abtvN2 — Jamie Coutts CMT (@Jamie1Coutts) August 25, 2023 He anticipates that Ethereum’s scaling roadmap will drastically lower layer-2 transaction costs, thanks to the forthcoming EIP-4844. This comes as PayPal recently debuted its PYUSD stablecoin , fueling speculation that it might develop its own layer-2 network. You might also like: PayPal ve...

Bitcoin’s recent price stagnation has caught the attention of traders and market analysts alike. The largest cryptocurrency is currently confined to a narrow trading range, posing a question that permeates the crypto space: what’s next for Bitcoin? This article seeks to answer this question by diving deep into factors that could shape Bitcoin’s near-term trajectory. We examine upcoming macro economic events, such as the release of the Personal Consumption Expenditures (PCE) Index, and their potential to shift market expectations. We will also explore the nuanced dynamics of the Bitcoin supply chain, tracking the activities of long and short-term HODLers, and their impact on price. Further, we delve into a detailed analysis by CryptoQuant that illuminates the crucial role of market forces, such as profit-taking by long-term holders, whale activity, and changes in stablecoin demand. You might also like: Cardano’s Hoskinson foresees ADA surpassing Bitcoin...

This price increase may be attributed to increased interest, demand for tokenized US Treasury offerings, and the market’s positive outlook. If the $0.06659 resistance level is broken, the next resistance level for the XDC price might be around $0.07000. However, a pullback or consolidation period may occur before the price resumes its upward rally. advertisement XDC/USD 1-day price chart (source: CoinGecko) During the bull run, XDC’s market capitalization and 24-hour trading volume increased by 8.48% and 30.47%, respectively, to $895,110,754 and $14,775,539. This increase shows a significant flood of investors and trading activity in XDC, further supporting its rising trend. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Cry...

Ethereum (ETH) faces a dual challenge as sustained whale sell-offs coincide with a drop in transaction volume despite a bullish trend of persistent development activity. Behavior analytics resource Santiment called attention to these metrics in its latest insights on the current state of the Ethereum market. #Ethereum's market capitalization has undoubtedly been a rollercoaster, like most of #crypto. But are its metrics pointing to any particular concerning signs? Nope. Our latest insight looks at $ETH's rising development activity and plenty more. https://t.co/NSLfp2t0go pic.twitter.com/D5vwHvourV — Santiment (@santimentfeed) August 29, 2023 While Ethereum maintains its grip above the $1,600 price level, these metrics suggest a mixed outlook. On-chain transaction and trading volume s have experienced significant declines since their peak last November. You might also like: SEC charges Impact Theory over unregistered NFT securities offering Notably, Ether...

The CoinsPaid attack was a six-month-long operation that involved infiltrating the company and was likely carried out by the North Korean hacker group Lazarus. In a lengthy Twitter thread published on Aug. 29, entrepreneur and CoinsPaid advisor Evan Luthra described the attack on CoinsPaid as a “fully master-planned attack.” In just 40 minutes, CoinsPaid's $37M was wiped away! The hackers spent 6 months planning this attack. It was a fully master-planned attack. Here's the full story of how a Job Offer led to a $37M crypto heist & how you can protect your funds: pic.twitter.com/AotRYBl9TG — EvanLuthra.eth (@EvanLuthra) August 29, 2023 Luthra further suggested that “top-tier hacker group Lazarus might be behind their recent attack” and that “investigations are pointing their way.” This group is also responsible for an attack on Sony Pictures, the Wannacry ransomware attacks, the $625 million Axie Infinity, $100 million Harmony P...

Republican Representatives claim the Federal Reserve is undermining Congress’s efforts to regulate stablecoins, potentially deterring banks from entering the digital asset space. Three Re public an lawmakers—Representatives French Hill, Bill Huizenga, and Patrick T. McHenry—have written to Federal Reserve Chair Jerome Powell, accusing the central bank of hindering Congress’s efforts to regulate stablecoin s. I sent a letter alongside @PatrickMcHenry and @RepHuizenga to the @FederalReserve objecting to their efforts to undermine @FinancialCmte's progress on stablecoin legislation. The Fed has chosen to effectively prevent banks from issuing payment stablecoins.#crypto #digitalassets pic.twitter.com/QkQz1LtkaW — French Hill (@RepFrenchHill) August 28, 2023 The trio claims that the Federal Reserve’s recent supervisory letters could dissuade banks from engaging with digital assets. These letters were issued shortly after the House Committee on Financial Ser...

Source: iStock/Hailshadow   Users of Uniswap (UNI), the largest decentralized exchange (DEX) operating on the Ethereum (ETH) blockchain, have fallen victim to a sophisticated phishing attack , reportedly losing over USD 8.1m worth of assets. Meanwhile, Binance CEO Changpeng Zhao (CZ) falsely alarmed about the incident, claiming that the protocol itself was exploited.  The phishing attack attempted to rob users of their assets under the false impression of a UNI airdrop, according to Metamask security analyst Harry Denley. He claimed that at least 73,399 addresses have been sent a malicious token to target their assets.  The hacker is said to have executed the phishing campaign on a major Uniswap V3 liquidity pool (LP). They seemingly sent a malicious token to addresses acting under the false pretense of a UNI airdrop in an attempt to get users to sign the transaction.  "First, the malicious contract pollutes the event data so that block explor...

Bankrupt hedge fund Three Arrows Capital has been moving NFTs to a new address lately. The founders of the company along with pseudonymous collector Vincent Van Dough launched Starry Night Capital—an NFT-focused fund last year. Per data from Nansen, the NFTs collected by Starry Night Capital were shifted to Gnosis Safe—a platform that gives complete self-custody of funds and digital assets to users. Prominent NFTs included ‘Pepe the Frog NFT Genesis’ that was sold for 1000 Ethereum in October last year, ‘Fidenza 718’ that was sold for 240 Ethereum last November, ‘Some Other Asshole’ sold for 550 Ethereum in December last year.  Per blockchain data, the NFTs have changed addresses for the first time in over four months. 2/ Several CryptoArt NFTs by XCOPY, including: Some Other Asshole Sold for 550 ETH (~2.3M) on Dec 5, 2021 DANKRUPT Sold for 469 ETH (~$2.0M) on Oct 24, 2021 DECAY Sold for 345.69 ETH (~$1.4M) on Dec 5, 2021 pic.twi...

A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000. Nike’s Dot Swoosh platform lands Footwear and apparel giant Nike has unveiled its latest foray into the nonfungible token (NFT) and metaverse space with the launch of an NFT marketplace named .Swoosh. While .Swoosh is still in the beta phase, Nike announced that its “first digital collection” is set to launch on the Web3 platform in 2023, with the rest of 2022 devoted to growing the platform and user base. About .SWOOSH ‍️ .SWOOSH is a platform for @Nike's virtual creations, for them to be more accessible and to onboard the next millions into the wonderful world of web3 and digital assets. pic.twitter.com/F0M7Q8Ddwk — ycxc RTFKT (@ycxcRTFKT) November 14, 2022 Among the “virtual creations” to become available next year are digital sneakers, apparel, accessories and other collectibles. In addition, some will unlock benefits such as ac...

Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics. In this week’s newsletter, read about the nonfungible token (NFT) influencer who was served a demand for settlement using an NFT, and learn how NFTs can combat issues in the education sector. Check out the NFT assets of bankrupt hedge fund Three Arrows Capital, which were liquidated in an auction, and find out why an exchange-traded fund betting against Meta is shutting down. And don’t forget this week’s Nifty News, featuring Bitcoin (BTC) becoming the second-largest NFT chain by sales volume.   Influencer served settlement demand via NFT following $7 million token presale An NFT influencer, known as ben.eth, has been served with a settlement demand accusing them of engaging in wire fraud during a $7 million token presale. The demand, delivered via an NFT, alleges that ben.eth used a manipulative launch strategy for the Psyop (PSYOP) token, which ra...

Pepe Coin Team Accused Of Insider Trading Pauly in a post on August 26 revealed that the Pepe Coin team is holding at least $16-17 million worth of PEPE in 9 different wallets. However, insiders didn’t sell from these wallets. Pepe Coin insiders deliberately dumped PEPE from the centralized exchange (CEX) wallet after creating a massive short position. advertisement “I’ll likely be working w/ multiple branches of law enforcement to make sure that @degenharambe & the rest of his partners on the @ PEPE coineth team get brought to justice as soon as possible. Their greed & crimes have caused undue harm to many.” To give you an idea of how much $pepe the @pepecoineth team distributed to themselves at launch and currently still holds. Over 90% of the assets in these insider wallets is in $ PEPE . https://t.co/GuN210UNje pic.twitter.com/ZJl598bpM4 Recommended Articles ...

Tether has almost $3.3 billion in liquidity reserves, across 15 blockchain networks. Tether also has a total asset valuation of $86.1 billion as of August 2023. Tether has become the 11th largest BTC holder in the world. Tether has outdone itself when it comes to securing itself against liquidity crisis scenarios. According to Tether’s reserve reports, the stablecoin issuer has a total of $3.29 billion in share holder capital, distributed across 15 different blockchain ecosystems. Tether (USDT) current balances Tether has the exclusive right to issue USDT tokens in millions, alongside Algorand and Polygon. The report also noted that Tether holds $1.7 billion in Bitcoin. Moreover, Tether has $55 billion worth of treasury bills and overall assets valued at more than billion $86.1 billion, under its belt. On August 11, on-chain data and analytics platform, CryptoQuant confirmed that Tether is officially the eleventh-largest Bitcoin holder in the world. ...