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Biggest Movers: BCH, TRX Snap Losing Streak to Start the Weekend

October 7, 2023 0

Bitcoin cash was one of the big gainers to start the weekend, as the cryptocurrency ended a two-day losing streak. Overall, the momentum in the market was marginally higher, as traders continued to consume the latest U.S. nonfarm payrolls report. TRON also returned to the green on Saturday.

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$8B Margin Mystery: Alameda’s Caroline Ellison to Testify Against Bankman-Fried Next Week

October 7, 2023 0

After hearing witness accounts in the FTX trial this week, proceedings will resume on Tuesday, October 10, 2023. Caroline Ellison, former CEO of Alameda Research, is reportedly slated to take the stand. Ellison’s testimony could be pivotal; she helmed Alameda following Samuel Trabucco’s exit and once shared a romantic relationship with Sam Bankman-Fried. Alameda’s

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman

October 7, 2023 0

Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the 170,000 many had expected. Ethereum was marginally higher on Saturday. Bitcoin Bitcoin (BTC) continued […]

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Bank of Korea and BIS Prepare Wholesale CBDC Pilot

October 7, 2023 0

The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transactions and issue CBDC-backed digital currencies that can be fractionally backed depending on the […]

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Chainalysis Lays Off More Staff in New Round of Crypto Job Cuts

October 7, 2023 0

Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory pressure. Crypto Analytics Company […]

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Report: Hong Kong Crypto Exchange JPEX Converts Users’ Funds to an Illiquid Digital Token

October 7, 2023 0

The Hong Kong cryptocurrency exchange JPEX recently converted user funds to a native token known as JPC. According to JPEX, affected users will only be able to cash this token out after two years. One affected user said the crypto exchange did not inform them of the conversion rate used to complete this transaction. Conversion […]

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What Is ADA? A Brief History of the Proof-of-Stake Blockchain Network Cardano

October 7, 2023 0

On October 6, 2023, the cryptocurrency Cardano, known by its ticker ADA, is ranked as the eighth-largest in market capitalization, valued at just over $9 billion, or 0.817% of the $1.08 trillion cryptocurrency market. As the digital currency landscape evolves, ADA has emerged as a key contender. This article delves into Cardano’s origins, its native […]

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Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker

October 7, 2023 0

Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in compliance with European regulations,” the exchange emphasized, adding that it is “actively pursuing” registrations in several European […]

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American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’

October 7, 2023 0

Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one of the factors that will contribute to its […]

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Solana Upgrade Ushers in Era of Private Transactions

October 7, 2023 0

Solana has successfully implemented its 1.16 upgrade, introducing several new features, including improved runtime support for zero-knowledge proofs and enhancements for validators. However, the highlight of this upgrade is the “confidential transfers,” a feature that allows fully encrypted transactions for SPL tokens, bolstering user privacy. Solana’s 1.16 Upgrade