Day: October 10, 2023

Bitcoin Price Will Flip Bullish In November As It Mirrors Past Cycle

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Bitcoin analysts eagerly scrutinize the charts as November approaches, hoping to gain insights from past cycles. Historically, November has always been significant for the cryptocurrency market, as BTC usually gains value, affecting other coins.  According to crypto analyst Miles Deutscher, November promises to be a pivotal month for Bitcoin enthusiasts and investors. Bitcoin’s Ongoing Sideways Trend Hints At Potential Bullish Shift In November Market experts suggest that Bitcoin’s stagnant price movement might transition to a bullish trend in November. According to them, this could occur if it behaves similarly to…

Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial

Former FTX CEO Sam “SBF” Bankman-Fried watched from the defense table as his former business associate and girlfriend Caroline Ellison testified at his criminal trial. According to reports from the courtroom on Oct. 10, Ellison admitted to fraud during her time at Alameda at Bankman-Fried’s direction. The former Alameda CEO reportedly placed the blame for misuse of FTX user funds directly on SBF, claiming he “set up the systems” leading to Alameda taking roughly $14 billion from the exchange. “Alameda took several billions of dollars from FTX customers and used…

Cardano (ADA) Struggles To Stay Above $0.26: What This Means For Traders

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Cardano (ADA) has been grappling with maintaining its position above the recently reclaimed $0.26 threshold, signaling the possibility of a bull trap. The cryptocurrency’s price has retraced below this critical level, raising concerns of accelerated selling momentum that could potentially drive ADA toward the multi-month support level at $0.2.  As of the latest data from CoinGecko, the current ADA price stands at $0.249, reflecting a 2.1% decline over the past 24 hours and a 3.5% dip in the last seven days. According to a price analysis report, ADA could experience…

9 factors to consider when choosing a blockchain consensus mechanism

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should…

Binance to List Neutron (NTRN) with Seed Tag to Enable Mainstream Adoption of Interoperable Smart Contracts

In a bid to showcase how serious the Neutron project has become, more than 190 million ATOM tokens have been staked through the CosmWasm platform. Leading cryptocurrency exchange by Bitcoin balance and registered global users with KYC, Binance, has announced that Neutron (NTRN), a cross-chain smart-contracting platform, will be available for spot and margin trading with a seed tag. According to the announcement, the NTRN token spot trading will be available for select Binance users beginning October 10. The NTRN token will be tradable on the spot platform through Bitcoin,…

Hut 8 surpasses 9.3k bitcoin reserves in self-mining milestone

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North American digital asset miner Hut 8 revealed that it mined 111 Bitcoin in September, or an average production rate of approximately 3.7 Bitcoin a day. This brings the total of self-mined BTC reserves to 9,366, an 8% increase over the previous month. Growing reserves At the time of writing, Bitcoin currently sits just above $27,000, making the total reserve amount $258 million. Despite showing growth between months, the amount of Bitcoin mined is down year-over-year, although numbers are comparable to earlier this year where 147 Bitcoin were reported mined…

UK financial watchdog restricts Binance partner from issuing crypto ads

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The Financial Conduct Authority (FCA) of the United Kingdom has placed restrictions on peer-to-peer lending platform Rebuildingsociety, the firm with whom crypto exchange Binance partnered for compliance with the regulator’s marketing regime.  In an Oct. 10 notice, the FCA said Rebuildingsociety was not authorized to “approve the content of any financial promotion for a Qualifying Cryptoasset for communication by an unauthorised person” and needed to withdraw any existing approvals. The notice suggested that Binance may no longer have a U.K. partner in compliance with the FCA’s marketing requirements, which went…