Cryptocurrency News Today TheBitTimes.com

The infamous FTX exploiter with address 0x3e957 has resurfaced. After 10 months of in activity , the hacker that masterminded the multi-million dollar FTX heist transferred 2,500 ETH, equivalent to $4.2 million, from their dormant address.  This marks the first activity from the address since the infamous hack almost a year ago. According to blockchain analytics platform Spotonchain, the address 0x3e957 still holds a substantial 12.5K ETH.  The attacker now reportedly controls a staggering 180,735 ETH across 13 addresses, totaling an approximate value of $302.5 million.  You might also like: FTX hacker is using ChipMixer which might have ties with the government Sam Bankman-Fried’s trial looms Almost a year after the collapse of FTX, founder Sam Bankman-Fried faces an imminent trial. The proceedings are set to commence on Oct. 3, extending for at least 21 days until Nov. 9. During this period, Bankman-Fried will remain in custody at a Brooklyn prison, where ...

In the realm of content creation, three essential factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual material. Burstiness, on the other hand, evaluates the variations in sentence structures. Lastly, predictability refers to the likelihood of accurately predicting the subsequent sentence. While humans tend to craft content with a rich tapestry of burstiness, incorporating both lengthy, intricate sentences and shorter, snappier ones, AI-generated sentences often exhibit a more consistent pattern. Thus, in the endeavor of crafting the content you are about to read, I emphasize the importance of infusing it with substantial perplexity and burstiness while minimizing predictability. Furthermore, I shall adhere strictly to the use of the English language. Now, let’s rephrase the following text: SBI Holdings is set to embark on a Japanese joint venture with UAE-based company ...

The current sentiment within the XRP community can be summed up in a single word: “bullish.” This extreme bullishness is fueled by various crypto analysts presenting optimistic scenarios, some even envisioning XRP reaching lofty $10,000. Once again, XRP enthusiasts are gearing up for a potential surge in the altcoin’s value. One notable crypto analyst on TradingView, operating under the pseudonym TheLeadingIndicator, has joined the chorus of those anticipating a bullish breakout for XRP. What sets this analyst apart is the long-term perspective, aligning with other bullish narratives in circulation. However, TheLeadingIndicator’s outlook differs from some of the more optimistic forecasts. Contrary to the current price of $0.49, the analyst predicts a further decline in XRP ’s value. According to this perspective, XRP could drop to as low as $0.3785, followed by a medium-term decline to approximately $0.28, and potentially even lower to around $0.22 befor...

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, will reportedly cease operations in the Netherlands due to regulatory requirements imposed by the De Nederlandsche Bank (DNB).  According to Reddit sources, the exchange notified its clients in the country of its decision to take effect on Nov. 17, 2023. You might also like: Genesis went bankrupt months after Gemini reportedly withdrew $282M in crypto Gemini cited the DNB’s regulations on crypto exchanges as the reason for the move. However, it has not issued a public statement on the matter.  The letter read in part: “We are getting in touch to inform you that Gemini will stop offering crypto services to the Dutch market on Nov. 17, 2023. This is due to requirements imposed by the De Nederlandsche Bank (DNB) on crypto exchanges. It is now our top priority to make the transition of your fiat and crypto assets off Gemini as easy and seamless as possible.” Swisstronik, a Swiss web3...

Ho Chi Minh, Vietnam – Prepare for an exceptional experience at the Ho Chi Minh Traders Fair & Awards 2023, brought to you by FINEXPO. Mark your calendars for December 9, 2023, and join us at The ADORA Luxury to immerse yourself in a world of knowledge. Our seasoned speakers will deliver a diverse range of seminars, providing invaluable insights. Meet Jonee De Leon, a highly experienced Risk Management Professional and Certified Capital Markets and Securities Analyst based in Ho Chi Minh City. With over 16 years of trading experience in Forex, Stocks, and Commodities, he’s a trusted name in the field. Jonee is the driving force behind ‘Learn to Trade with Jonee,’ a platform that has already guided up to 8,000 global students towards financial independence through trading. At the Ho Chi Minh Traders Fair & Awards 2023, he’ll be sharing essential insights on Risk Management Techniques. Our esteemed sponsors, including XS Group, TMGM, Radex Markets...

The legal team representing Do Kwon, the former CEO of Terraform Labs, has firmly declared that the United States Securities and Exchange Commission’s (SEC) demands for his deposition are impractical and unfeasible. In a recent court filing, Kwon’s legal representatives vehemently opposed the SEC ’s request to prevent them from submitting requests on Kwon’s behalf, stating, “The motion should be denied because it would be impossible for Mr. Kwon to appear for such a deposition.” The filing further asserts that Kwon has never opposed the SEC’s opportunity to depose him. Kwon’s lawyers claim that he has already provided extensive testimony to the SEC, amounting to “approximately 21 hours” throughout a two-year investigation. In compliance with an SEC subpoena, Kwon allegedly dedicated two full five-hour days to testify under oath. Additionally, he claimed to have spent five hours testifying before Singapore authorities and par...

In the ever-volatile realm of cryptocurrency, all eyes are intently fixed on XRP, as it balances on the precipice of a promising breakout. Recent market signals have sent ripples through the crypto community, suggesting the potential for short-term turbulence. The key indicator here is a bearish crossover between the 50 and 200 Moving Averages, signaling a looming downside sentiment. It’s a pattern that could soon play out on a daily timeframe, causing some traders to exercise caution. However, amid these immediate concerns, an unwavering sense of long-term optimism envelopes XRP . What fuels this optimism is Ripple’s unwavering commitment to fostering international collaborations, with a clear goal of expanding its market presence beyond the confines of U.S. borders. This ambitious approach is attracting both attention and support. One prominent figure who champions a bullish stance on XRP is the crypto enthusiast Egrag Crypto. His Analysis , meticulously grounded in a f...

The Memeinator (MMTR) has stormed past $200k a day after presale launch as sub-par memes scramble. Targeting meme coin dominance, the Memeinator seeks to leverage blockchain and AI to seek and destroy all the weak meme coins. MMTR will be available on cryptocurrency exchanges and trading platforms at the end of the presale. As the broader crypto market slowdown seen over the past few weeks continues to impact altcoins, on-chain data has shown one notable feature of memecoins – a significant drop in trader interest. Although Dogecoin, Shiba Inu and Pepe account for the most discussion rates, it appears investor attention is shifting to new projects in this space – and few look primed for the show as is the Memeinator (MMTR). $200k presale milestone marks start of Meme “Terminator” reign Less than a day after its presale went live, the Memeinator has raised over $237,000 from global investors. The first stage, which had the native MM...

The U.S. Securities and Exchange Commission recently delayed two Bitcoin ETF filings. Bloomberg analyst stated that the delay could have been motivated by the U.S. Federal Government’s upcoming shutdown. The U.S. Congress has asked the SEC to stop discrimination against Bitcoin ETF filings. The prospects of a Bitcoin Exchange-Trust Fund approval this year were slashed after it was revealed that the U.S. Securities and Exchange Commission may not approve such actions. Bloomberg analyst James Seffyat, in a post on X, said the recent actions of the regulators show that it doesn’t intend to approve any ETF this year. Particularly, the analyst mentioned that the Wall Street regulator recently delayed two ETF filings – ArkInvest and 21Shares ETF filings. What has raised the most speculation is that the SEC chose to leapfrog other pending second deadlines to delay the ARK 21Shares ETF filing. According to the analyst, there is a possibility the SEC wi...

Santiment revealed in an X post today that more INJ, CRV, SUSHI, ELF, BICO, and REEF have moved into self-custody. According to the post, tokens getting transferred off of exchanges has historically been a positive sign. At press time, almost all of the cryptocurrencies included in Santiment’s post had achieved 24-hour gains. The blockchain intelligence platform Santiment revealed in an X post today that the supplies of several cryptocurrencies have been transferred off of exchanges. More specifically, the platform noted that SuhshiSwap (SUSHI), Reef (REEF), aelf (ELF), Biconomy (BICO), Curve Dao Token (CRV), and Injective (INJ) have seen more of their supplies shift into self custody. If you are the owner of any $SUSHI, $REEF, $ELF, $BICO, $CRV, or $INJ, then you'll be happy to see that more & more of their supplies are moving into self custody. Historically, these kinds of major waves off exchanges are good for future prices. https://t.co/nS45eDk...

Crypto giant Binance is set to exit the Russian market after selling its local unit to CommEX. The crypto exchange’s off-boarding process is expected to take up to one year. Binance clarified that it would not maintain an option to buy back shares in the business. Binance, the world’s largest crypto exchange, is set to exit the Russian crypto market. The crypto giant is selling its local business to fellow crypto exchange CommEX, for an undisclosed sum. Binance’s departure from Russia comes months after the exchange was accused of violating sanctions imposed on the country. According to a press release by Binance, the crypto giant has entered into an agreement to sell all its Russian assets to local crypto exchange CommEX. Users of Binance’s Russian arm will be off-boarded from the exchange and guided to CommEX. The exchange stated that the off-boarding process is expected to take up to one year. “As we look toward the future, we recognise that opera...

The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche. Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin , EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks. Hello Europe meet our new friend EURC on #Stellar. Same speed, low cost, and reliability of the Stellar network we all know and love in a brand new currency. With @circle's EURC, we can't wait to see what real-world utility builders unlock next.@TeanaTaylor breaks it… pic.twitter.com/eQE5sMZI2M — Stellar (@StellarOrg) September 26, 2023 Stablecoins, or fiat-backed crypto tokens, have become an essential component of the Web3 ecosystem. They allow users to send payments, borrow currency, lend it out for interest, and perform other fiat-currency related actions on blockchain networks. U.S. dollar-backed USD Coin (USDC) and Tether (USDT) are currently the sixt...

Although he has praised Bitcoin (BTC) as one of the best assets to invest in to protect oneself against the looming financial crisis, Robert Kiyosaki seems uncertain about the future of the maiden cryptocurrency following a recent blockchain project announcement by Citibank. Specifically, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has commented on Citibank’s future tokenization of client deposits for faster cross-border transactions, wondering what it meant for both Bitcoin and the United States dollar, in an X post published on September 26. BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US $? — Robert Kiyosaki (@theRealKiyosaki) September 26, 2023 Citibank tokenization project Indeed, the prominent investment bank has debuted a pilot for turning customer dep...

Hong Kong’s financial regulator will publish a list of suspicious crypto firms as it steps up efforts to rein in renegade operators in the wake of an alleged fraud at JPEX. The Securities and Futures Commission said in a Sept 25 statement that it will also put in place a series of measures to reinforce information dissemination and investor education. It plans as well to publish a list of all licensed, deemed licensed, closing down, and virtual asset trading platforms (VATPs) applicants, following public demand. SFC’s New Measures to Combat Unregulated Crypto Trading in Hong Kong 🚨 Hong Kong Takes Action on Crypto After JPEX Scandal 🇭🇰 Hong Kong's financial regulator, the Securities and Futures Commission (SFC), is on a mission to protect investors. They'll publish lists of licensed, closing-down, and suspicious crypto trading platforms. 📋🔍 This move… — BuzzBeatHQ 🚀 (@mely_buzz) September 25, 2023 ...

Mixin Network has temporarily suspended its deposit and withdrawal services follow ing a major attack, jeopardizing over $200 million in crypto assets. A defi protocol Mixin Network has verified a report from blockchain security firm SlowMist, confirming a hack involving over $200 million. SlowMist Security Alert On September 23, the Mixin Network cloud service provider database was attacked, the amount of funds involved was ~ $200M. SlowMist is assisting in the investigation. Please wait for @MixinKernel updates for more information. — SlowMist (@SlowMist_Team) September 25, 2023 According to a statement released by Mixin Network, the attack targeted the database of their cloud service provider in the early hours of Sept. 23. The breach led to the loss of assets on the mainnet, with the affected funds estimated to be around $200 million. Mixin Network is a wallet solution that currently supports 48 public blockchain networks and has a combined network asset value exceedin...

Shiba Inu (SHIB) finds itself at a crossroads, teetering on the edge of a significant shift in its market dynamics. SHIB appears to have discovered solid ground, hinting at the potential for a period of much-needed stability. Currently trading at $0.000007372, many analysts see this price point as a potential bedrock for SHIB’s future movements. Shiba Inu’s recent price action has attracted the attention of market observers as it clings to a colossal support level. Additionally, this precarious equilibrium suggests that SHIB may be gearing up for a phase of relative stability in the coming days. Also read: Ethereum Has Been Disappointing Since Shanghai Upgrade: JPMorgan Shiba Inu remains in low liquidity Taking a closer look at Shiba Inu’s price dynamics reveals that the market is currently characterized by low liquidity. On one hand, the limited liquidity suggests that significant buying or selling actions could result in pronounced price fluctuation. ...

In the past years, it has been possible to observe a gradual, but constant trend of fewer Bitcoin (BTC) mining pools dominating the majority of the global network hashrate and block discovery. In this report, Finbold uses a data-based approach to analyze the decentralization state of the leading cryptocurrency network and explains why it is important. Going from an unknown number of Bitcoin miners having the majority of its hashrate since the first block was mined by Satoshi Nakamoto, to four mining pools having mined over 59% of all blocks in the last three years, and only two of these institutions dominating over 52% of the new BTC distribution in the last three months. Bitcoin mining decentralization state This data was gathered from mempool.space pools ranking, which analyses the hashrate dominance by looking at who was responsible for each block ever added to the Bitcoin blockchain in each timeframe. Consequently receiving the reward in BTC through the creation of new coins ...

The analyst said the crypto market will see lower lows before hitting a bull rally post-halving. A crypto analyst said the U.S. Fed’s recession predictions align with the next crypto bear market. He predicted 2027 as the next bear market, around the same time the U.S. Fed pointed to a recession. Crypto analyst Dan Gambardello said, in a recent video on YouTube, that the recent statements of the U.S. Federal Reserve mirror the future of the crypto market. According to the video, the recession prediction by the Fed aligns with the next crypto bear market. While referencing historical charts, Gambardellot noted the similarities between previous bear and bull markets. Per the video, the U.S. Fed’s prediction for a “soft landing” will happen when the crypto market is expected to take “a breather.” The “soft landing” that the analyst predicted comes right before the Bitcoin halving, which is set to happen in April of next year. Furthermore, historical data show...

Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective date for new FCA rules for crypto firms. Bybit has notified its customers that it will suspend its services in the UK next month as it looks to align operations with new regulatory requirements. According to the Crypto exchange , the decision is “ in light of the UK Financial Conduct Authority’s introduction of new rules regarding marketing and communications by crypto businesses as outlined in the June 2023 Policy Statement (PS23/6) entitled “Financial Promotion Rules for Crypto assets .” The suspension will allow the exchange to focus resources on meeting the new regulation, Bybit said in the announcement. No new customer registrations beginning October 1 No new registrations will be allowed as from October 1, while services to existing ...

As the cryptocurrency space still awaits the final conclusion of the widely publicized legal case in which the United States Securities and Exchange Commission (SEC) has accused Ripple of illegally selling XRP as unregistered securities, a few of its popular commentators have shared their two cents. Specifically, answering a follower’s question regarding the possible timeline for Judge Analisa Torres to make a decision on the SEC’s appeal request, lawyer Bill Morgan said that her decision should be just around the corner, as he explained in an X post published on September 19. “Won’t be long as the trial has not been stayed, and the parties will still be preparing for trial. If Judge Torres is not quick, it may be a bad sign for the SEC’s prospects of getting permission to appeal or at least of a stay of the proceedings during an interlocutory appeal.” On NYDFS delisting At the same time, Morgan commented on the removal of XRP from the list of approved cryptocurrencies by the Ne...