Day: October 3, 2023

Revival Of “Satoshi Nakamoto” Could Signal Slump In BTC Price?

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In recent Bitcoin news, the creator of the cryptocurrency, Satoshi Nakamoto, has been back in the spotlight. A recent email and the resurgence of an X account allegedly associated with Nakamoto attracted the crypto community’s attention, an event that could impact BTC’s price action. As of this writing, Bitcoin trades at $27,600 after hitting a 24-hour high of $28,500 and losing momentum. The cryptocurrency rallied back to these highs, but a spike in selling pressure killed the upside price action in the short term. BTC’s price trends to the upside…

Tom Hanks, Others Decry AI-Generated Videos of Self

The news of the deep fake videos comes as the daughter of late comedian Robin Williams expressed her displeasure at AI-generated recreations of her father’s voice. Actor Tom Hanks has publicly denounced a deep fake video of himself promoting a dental plan. Hanks took to Instagram to warn his 9.5 million Instagram followers not to fall for the advert. Hank said: “There’s a video out there promoting some dental plan with an AI version of me. I have nothing to do with it.” Hanks has been vocal about the use…

Singer Vérité’s fan-first approach to Web3, music NFTs and community building – Cointelegraph Magazine

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Carving out a sustainable career as an independent musician is no easy feat. The competition is fierce, support can be hard to find, and earning a living without the financial help of a major record label is an uphill battle. Yet, for those who are able to build a loyal fanbase, the freedom of complete creative control can be liberating. Technology has long proven to be a potential friend to those musicians willing to embrace it, and nonfungible tokens are the latest innovation that many tech-savvy artists have begun incorporating…

Celsius Network Seeks Court Approval to Repay Creditors by Year End

Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets. Celsius Network, the bankrupt crypto lending company, has taken a significant step forward in prioritizing the needs of its creditors. The company is currently seeking court approval to efficiently distribute payments to its creditors before the year comes to an end. This proposed plan showcases Celsius’ commitment to transparency and efficiency in serving its creditors across the board. The New Deal for Celsius Network Creditors According to an…

SBF will likely lose criminal trial, former SEC official believes

Former SEC Chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict the FTX founder of several criminal charges, including fraud, due to three factors. Witness testimony from former executives, damning evidence enshrined in FTX records, and Sam Bankman-Fried’s post-bankruptcy media tour will likely sway the court’s verdict in favor of prosecutors, said Stark on Oct. 2. Indeed, figures like Caroline Ellison, Gary Wang, and Nishad Singh have pled guilty in the FTX case. It is also widely believed that the Justice Department would…

ETF filings changed the Bitcoin narrative overnight — Ledger CEO

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Over the past 12 months, some investors learned the hard way why they needed to move their crypto offline. Those who kept Bitcoin (BTC) and altcoins on crypto exchanges like FTX lost control of their assets, sometimes forever. Events drew a red line under the storied crypto adage: “Not your keys, not your coins.”  FTX’s loss was hardware wallet manufacturer Ledger’s gain, however. The Bahamas-based exchange’s November 2022 bankruptcy filing delivered to Ledger “our biggest sales day ever,” the firm’s chief experience officer, Ian Rogers, told Cointelegraph, and “November turned…

Bitcoin, Gold Poised For Growth Amidst US Fiscal Troubles: Analyst

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Bitcoin (BTC) and gold, two seemingly divergent assets, find common ground in the eyes of veteran macro investor Luke Gromen. In a recent interview, Gromen posits that these assets could flourish as the fiscal challenges in the United States continue to mount. Gromen’s argument hinges on the idea that both gold and Bitcoin are “duration assets” with fixed supplies and the potential for their face values to rise. In times of fiscal distress, these assets tend to shine. As the US grapples with fiscal issues exacerbated by relentless quantitative easing…

Bitcoin Price Takes Dive Under $28,000 amid Profit Taking and Macro Setup

The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins. After a strong start to October and Q4 2023, Bitcoin (BTC) price has dropped by 3% in the last 24 hours moving under $28,000. This happened amid some profit-taking as well as the global macro setup and the rising bond yield. Cryptocurrency markets experienced a Monday rally driven by optimism surrounding ETFs, which traders hoped would inject fresh enthusiasm and capital into an otherwise lackluster environment. Some…