Month: September 2023

Can Upcoming ETH Futures-Based ETFs Turn The Tables?

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The Ethereum price is hovering around yearly lows compared to the dominant cryptocurrency, Bitcoin. This decline, notable since September 2022, has brought ETH to trade as low as $1,594 at the time of writing. However, amid the concerns about Ethereum’s notable plunge, there are hints of a potential trend reversal, according to the latest report from crypto research firm K33 Research. Ethereum Price Declines, Underlying Reasons K33 Research, a renowned figure in the crypto analytical space, has been closely monitoring the relationship between Ethereum and Bitcoin. Their recent findings highlight a…

Hong Kong police retrieve $11M in assets from JPEX investigation

The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has pledged to address the JPEX crypto exchange fraud, which is being called the country’s most significant digital asset deception. The seriousness of the matter was brought to light in a press conference held on Sep. 27. According to local reports, authorities have already made significant headway. Twelve individuals have been apprehended, and assets worth over 85 million HK$ ($10.8 million), comprising cash and other assets like real estate and digital currency, have been seized. Of the arrested, three were…

Hashkey Enables AVAX Trading For Hong Kong Users

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Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange. Traders Must Meet $1 Million Portfolio Requirement: SFC On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with trading expected to commence on Thursday, September 28. However, only professional investors or individuals with an investment portfolio worth at least 8 million Hong Kong dollars (equivalent to $1 million), according to Hong Kong’s Securities…

Do Kwon says SEC’s extradition request is impossible

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Lawyers for Terraform Labs co-founder Do Kwon have requested a federal court to reject the United States Securities and Exchange Commission’s (SEC’s) request to question him in the U.S. over the collapse of the Terra Money ecosystem. In a Sept. 27 filing, Kwon’s legal team said that the SEC’s request to question him in the United States before Oct. 13 was “impossible” due to being detained in Montenegro with “no scheduled release or extradition date.” Additionally, Kwon’s team said that providing a written testimony to answer the SEC’s questions would be inconsistent…

Tecpetrol to launch gas-powered crypto mining facility

Tecpetrol, an Argentinian oil company, has announced plans to launch a crypto mining facility powered by natural gas. The project will be in Los Toldos II Este region, north of Vaca Muerta in Argentine Patagonia. The mining facility will start operating in late October or early November. Tecpetrol has launched an initiative to convert excess gas produced during oil drilling into energy for crypto mining. The goal is to minimize environmental impact by avoiding gas emissions and flaring, which burns off gas that can’t be stored or transported easily. The project will…

Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatility

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MARA Pool, the Bitcoin mining pool operated by the publicly listed Marathon Digital Holdings, had a transaction ordering issue on September 27 after it mined an invalid block at block height 809478. The invalid block was first picked by an X user, “0xB10C”, before Jameson Lopp, the CTO of Casa, a Bitcoin-focused company, later confirmed it. Lopp scanned his node and noted that MARA Pool had spent an output before it was created, validating a double-spent transaction.  Bitcoin transaction ordering| Source: 0xB10C on X Marathon Digital Mined An Invalid Block In Bitcoin,…

Bitcoin miner Marathon mines invalid block in failed ‘experiment’

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Bitcoin mining firm Marathon Digital has confirmed it mined an invalid  Bitcoin (BTC) block during an “experiment” aimed at optimizing the firm’s operations. In a Sept. 27 post, Marathon said it utilizes a small percentage of the firm’s hashrate toward these experiments and stressed they weren’t trying to alter the network in any way: “In no way was this experiment an attempt to alter Bitcoin Core in any way.” Marathon said, emphasizing that they corrected the error as soon as they noticed the invalid block. We can confirm that Marathon did…

Factors That Suggest A Recovery For The ADA Price

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Even with the Cardano network hitting seeing good metrics over the last month, the ADA price has remained rather stale in its performance. However, this trend might soon change for the digital asset as multiple developments have emerged that could fast-track its recovery. Cardano Whales Go To Market It is no secret that Cardano whales have often doubled down on their positions even at times when the digital asset has suffered from the bear trends. This has not changed, especially with the most recent dip in the ADA price, which…

Keyrock, a Belgium-based market maker, approved in Switzerland

Keyrock, a market maker based in Belgium, announced that it received approval from the Swiss Financial Services Standards Association (VQF). VQF is the organization responsible for enforcing anti-money laundering laws in Switzerland. Keyrock has met Switzerland’s local laws’ minimum compliance requirements. 📢 Keyrock expands its OTC services with more fiat on/off-ramp solutions. Through our Swiss VQF membership, we’re now offering GBP, AUD, and 10+ other currencies alongside the standard USD and EURO. Read more about these significant milestones 👇https://t.co/4v5SRzpftY — Keyrock 🔑🪨 (@KeyrockTrading) September 26, 2023 Keyrock has received approval…

Curve (CRV) Is Up 20%, But This Whale May End The Run

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Curve has observed gains of more than 20% in the past week, but this rally may not continue for long, as a whale has made a large move to exchanges. Curve Has Enjoyed A Sharp Rally Over The Past Week CRV has gone against the grain recently as it has registered some sharp bullish momentum during a period where the largest coins in the sector, like Bitcoin and Ethereum, have struggled. Following this latest uptrend, the Curve DAO token’s price has risen above the $0.52 mark. Here is a chart…