Month: September 2023

LINK Price Surge Ahead? Chainlink Whales Bet On Accumulation

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Chainlink (LINK) has managed to break through the critical resistance level at $6. This unexpected surge in price can be attributed, in part, to the relentless accumulation of LINK tokens by large wallet investors, known as sharks.  The trend among these influential players has been particularly pronounced, and it could hold the key to Chainlink’s bullish resurgence.  On-chain date cited in a report has provided valuable insights into this remarkable shift in Chainlink’s fortunes. According to their data, the shark tier of investors has swiftly acquired a staggering $9.6 million…

DeFi enforcement sparks dissenting opinion from CFTC commissioner

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Commodity Futures Trading Commission (CFTC) Commissioner, Commissioner Summer K. Mersinger, has said that he is concerned that the United States CFTC is considering enforcement actions related to decentralized finance (DeFi) protocols rather than engaging with the public. In a public statement issued on Sept. 7, the dissenting commissioner expressed his misgivings about the approach taken by the CFTC in these cases, arguing that enforcement actions are not the most suitable means of addressing novel DeFi technology. The commissioner believes that the CFTC should engage with the public and stakeholders through rulemaking…

CEO of Collapsed Turkish Crypto Exchange Gets 11,196 Years in Prison

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A court in Turkey has sentenced Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer, and his brother Güven Özer to 11,196 years, ten months and 15 days in prison, according to Coindesk. Further, they are also facing a judicial penalty of 135 million liras (about $5 million). Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! It was part of an extensive trial of 21 defendants facing…

Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

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The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of “establishing, managing and being a member of an organization”, “qualified fraud”, “laundering of property values”. The Anatolian 9th High Criminal Court sentenced Ozer along with his two siblings to the same jail sentence of 11 thousand 196 years, 10 months and 15 days in prison along with a $5 million fine, reported Turkish state-run news agency, Anadolu Agency. The Turkish crypto exchange was one of…

Coinbase to Prioritize Crypto Markets Outside of US in Its Expansion Strategy

Coinbase’s vice presidents for international business and international policy are clearly dissatisfied with the regulatory situation in the United States. Coinbase is strategically expanding its cryptocurrency exchange services globally, with a particular emphasis on markets with clear regulatory frameworks. In its short-term expansion strategy, Coinbase is prioritizing countries outside the United States based on their well-defined cryptocurrency regulations. Notable countries in this selection include the European Union, the United Kingdom, Australia, Canada, and Singapore. The regulatory clarity in these regions is crucial for the exchange’s operations. Coinbase’s vice presidents for…

Ant Group Rolls Out New Blockchain Platform for Web3 Development ZAN

ZAN is powered by technical innovations from AntChain Open Labs. Chinese fintech giant Ant Group, the creator of the world’s biggest payment platform Alipay, is expanding its foothold into the crypto industry with the launch of ZAN, a blockchain service platform aimed at both Hong Kong and global markets to simplify the complexities of blockchain technology. In a press release published on September 8, the company’s CEO Zhang Hui announced the launch of ZAN during a conference in Shanghai, presenting a suite of blockchain application development tools tailored for both…

XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto’s Price?

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XRP has once again found itself in a state of relative stability. Despite minimal gains, the crypto is holding firm at $0.5, showcasing a remarkable resilience over the past 24 hours. However, the intriguing aspect of this scenario lies in the technical analysis and upcoming developments that may hold the key to XRP’s future trajectory. Recent price analysis reveals that XRP is currently being held in check by the 50-day Exponential Moving Average (EMA), capping its price at $0.5027. Furthermore, another significant seller congestion point looms at $0.505.  This data…

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

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Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time. Unveiling the “November 28th”…

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time. Unveiling the November 28th…