Month: September 2023

Bitcoin Sentiment Now Close To Extreme Fear: Why This Matters

boss

Data shows the Bitcoin market sentiment has worsened recently and is approaching extreme fear territory. Bitcoin Fear & Greed Index Has Plunged Inside The Fear Region Recently The “fear and greed index” is a Bitcoin indicator that tells us about the general sentiment among the investors in the Bitcoin and broader cryptocurrency market. This metric uses a numeric scale from zero to a hundred to represent this sentiment. When the index has a value greater than 54, the investors share greed. On the other hand, values under 46 imply the…

$2b of crypto assets wash traded on decentralized exchanges, report shows

Solidus Labs research finds $2 billion in deceptive wash trading activities across Ethereum-based decentralized exchanges.  Newly released data from Solidus Labs, a crypto trade surveillance and risk monitoring platform, indicates that a staggering $2 billion worth of crypto assets has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The report casts a spotlight on the pervasive but preventable issue of market manipulation in the world of decentralized finance (defi). 📢 Major Update! Unveiling Part Two of our Crypto Market Manipulation Report! 🚨 Our data shows a shocking $2 billion…

Institutional Investors Flee Ethereum Amid Plunge Toward $1,500

boss

Institution crypto investors have been pulling out of the market for the better part of this year, especially as the bear market has taken hold. However, Ethereum has suffered way more than other assets in this regard with outflows dragging total assets under management (AuM) down. This comes as Ethereum has struggled after falling below the $1,600 support. Institutional Investors Pull Out Of Ethereum In the latest iteration of its Digital Asset Fund Flows Weekly Report, alternative asset manager CoinShares has revealed a growing aversion from institutional investors toward Ethereum.…

Sam Bankman-Fried Remains Stuck in Jail

Originally, this newsletter was an analysis on whether or not Sam Bankman-Fried would be released from jail ahead of trial. A short while ago, Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, ruled he wouldn’t be. So this is now just that article, with some added stuff, basically. Source

$22,600 Or $31,200? Odds Split For Next 90 Days

boss

Bitcoin (BTC), the leading cryptocurrency, has defied expectations of a steep decline to sub-$20,000 levels and has rebounded to the $26,000 mark, registering a 3.5% gain over the past 24 hours.  This resurgence in Bitcoin’s price coincides with the predictions made by Chartered Financial Analyst Timothy Peterson, whose recent social media post outlined the probabilities of Bitcoin dropping to $22,600 or rallying to $31,200 within the next 90 days. Bitcoin Price Analysis, 8% Chance Of Drop To $22,600 Peterson’s analysis indicates an 8% likelihood of Bitcoin experiencing a downward movement…

Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity

boss

The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization. The project leveraged the central banks’ diverse experience to incorporate a number of predefined policy, security, technology and legal features. The private participants were fintechs FIS and M10 Networks, which provided core products, Clifford Chance for legal…

Sam Bankman-Fried’s temporary release request denied as trial date looms

boss

Former FTX boss Sam Bankman-Fried is likely remain behind bars until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release. On Sept. 12,  District Judge Lewis Kaplan denied Bankman-Fried’s claim that his trial preparation was hindered due to poor internet access in prison finding it wasn’t a sufficient ground to grant his release. “The defendant had not made any detailed showing as to specific material that he claims he has been unable to access personally and the reasons why any such…

SEC’s Gensler avoids Bitcoin ETF question in latest Senate hearing

boss

Gary Gensler, the Chairman of the SEC, stood before the Senate Banking Committee on Sept. 12, answering questions on topics ranging from artificial intelligence to the enforcement actions against the cryptocurrency industry. In his prepared statement, Gensler stands firm on his stance that the U.S. Securities and Exchange Commission should monitor the crypto market while avoiding a direct answer to a question about spot ETF approvals for crypto. Ongoing Bitcoin ETF race When asked what the SEC needs to see in a spot ETF filing by Senator Hagerty, Gensler simply…