Month: October 2023

CFTC pays whistleblowers $16M this year for mostly crypto tips

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The United States commodities regulator has paid $16 million this year to whistleblowers who gave information leading to successful enforcement actions with a majority of the tips involving crypto. In an Oct. 31 statement, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero said most of the tips received this year involved crypto which she claimed was “an area that continues to have pervasive fraud and other illegality.” Very proud of these offices and their outsized results. As a former IG, I know firsthand how important whistleblowersare. The CFTC could…

Dormant ADA Whales Are On The Move

Cardano (ADA) may be turning bearish once more after whales began moving again. This activity was brought to light by the on-chain data tracker Santiment which showed unusual activity in dormant ADA wallets after the price crossed $0.3. Cardano Sharks And Whale Start Moving Coins In the report that was posted on X (formerly Twitter) by the on-chain data tracker, Cardano shark and whale addresses (that is addresses holding between 100,000 and 10 million ADA on their balances), as well as old coins, have been showing a lot of activity.…

3 things we might see from crypto as 2023 winds to an end

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As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the “Santa rally.” Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year. Institutional investment surge Cryptocurrency prices spiked notably at the end of 2020 and 2021, driven by increased investor optimism and institutional interest. Major financial institutions and hedge funds began viewing Bitcoin (BTC) not just as a speculative asset but as a hedge against inflation and…

MetaMask launches Blockaid’s enhanced security alerts for users

MetaMask collaborates with cybersecurity start-up Blockaid to launch a new security alert feature, elevating user protection against malicious threats. Crypto wallet application MetaMask is enhancing user safety with Blockaid-backed security notifications. The popular cryptocurrency wallet has implemented an innovative alert system designed to combat scams and cyber threats. Originating from the prestigious cyber intelligence Unit 8200, Blockaid is a security startup that recently secured $33 million in funding. In fact, Blockaid’s funding was secured on the back of naming MetaMask as one of its first clients. In collaboration with @Blockaid_,…

Could ASIC Miner Values Signal An Approaching Crypto Surge?

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Adam Back, the co-founder and CEO of Blockstream, has recently drawn attention to a notable correlation, which is that the prices of ASIC (Application-Specific Integrated Circuit) miners tend to align with Bitcoin prices. This parallel trend has been confirmed historically, with the miners peaking in price during the 2021 Bitcoin bull run, just as BTC reached its peak of $69,000. Back’s analysis shows that even as the market navigates through changing tides, the fate of mining equipment is an important piece of the puzzle for understanding the overall ecosystem. The…

GAO finds controversial SEC guidance is subject to congressional oversight

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United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers. The GAO was acting on a letter sent by Lummis to the U.S. Comptroller General in August 2022. It considered whether the bulletin was a rule subject to the Congressional Review Act (CRA).…

Bitget, Floki teams accuse each other of manipulation after token listing

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The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.  The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.” Bitget…

Bitcoin (BTC) Price Saw 27% October Surge as Traders ‘Panic Bought’ Amid Spot Bitcoin ETF Enthusiasm. Is $40,000 Next for BTC?

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ETFs would be a big deal for bitcoin because they’re far easier for the average investor to buy than the cryptocurrency itself or existing bitcoin investment products, like the Grayscale Bitcoin Trust (GBTC) with $21 billion assets under management. The U.S. Securities and Exchange Commission rejected GBTC’s conversion into one, but courts have eviscerated that decision, boosting the odds the SEC will have to approve that shift – and likely also bless ETF applications from the likes of BlackRock, the world’s largest asset manager. Original

FTX Transfers $150M In Assets, Including Ethereum And Solana, Amid Bankruptcy

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Blockchain analytics firm Nansen has recently revealed that wallets associated with bankrupt crypto exchange FTX have transferred approximately $156 million worth of digital assets, including Ethereum (ETH) and Solana (SOL), in a series of transactions over the past week.  The movement of these funds has raised concerns and attracted the attention of industry experts and investors. Nansen’s report sheds light on the ongoing transfers and provides valuable insights into the extent of FTX’s asset movements. Bankrupt FTX Wallets Unstake $57 Million Worth Of SOL Tokens According to the Nansen report,…