Category : Bitcoin.com

Bitcoin.com

An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion

According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool h...

An Urban Farmstead Emerges From 3AC Co-Founder’s Bankruptcy-Shadowed Mansion

Report: Tom Brady Received $55 Million for FTX Commercials Before Its Collapse

According to a report, former National Football League quarterback Tom Brady was paid $55 million to feature in the collapsed cryptocurrency exchange FTX’s advertisements. As part of the arrangement, Brady would devote 20 hours of his time each...

South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator

Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant...

SEC Seeks Rejection of Coinbase’s Pushback Against Its Lawsuit

The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in cla...

A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors

FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven...

Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage

Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis...

DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial

The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to c...

Bitfinex’s Role in Taming Crypto Market Volatility: Resilience at Its Core

Understanding volatility in the crypto market The world of cryptocurrencies is known for its volatility, with prices fluctuating wildly within short periods. For traders, the ability to navigate and even capitalize on this is crucial to success. Unde...

Biggest Movers: MATIC Moves to Highest Point Since August

Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (M...

‘Verified Satoshi’ Handle on X Triggers Debate Among Bitcoin Circles, Elon Musk Called to Act

On the social media platform X (formally Twitter), an account created in 2018 is causing a lot of uproar as the account is called “@satoshi,” and has a verified check mark confirming its identity. A few bitcoin influencers have called on Elon Musk to...

Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday

Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethe...

Crypto Exchange Bybit Launches Derivatives Products in South Africa

Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables...

Argentine Economy Minister Sergio Massa Proposes National Digital Currency

Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also sta...

Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto

The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to i...

Kevin O’Leary Warns of Crypto Innovation Fleeing US Due to Regulatory Hurdles

Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Ex...

Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal

U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial...

Tesla CEO Elon Musk Calls Fiat Currency a Scam

Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has freque...

Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony

Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse. Bankman-Fried’s...

Uptober Begins: Bitcoin’s Rally Sparks $40K Hopes; Yet $20K Threat Lingers

The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a popular cryp...

Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion

On October 3, 2023, at block height 810,432, the Bitcoin network experienced its second consecutive difficulty increase since September 19. The challenge of uncovering block rewards escalated as the difficulty reached a new pinnacle, rising by 0.35%...

From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months

It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction B...

Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session

Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also...

Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum’s Booming $20 Billion Liquid Staking Market

Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Cu...

Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In

Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700. Bitcoin Bitco...

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