Day: October 11, 2023

Render defies bearish market sentiment, becomes top gainer

Render (RNDR) has been consistently registering notable gains with small losses over the past 60 days while the market has been affected by different factors. RNDR is up by 3.65% in the past 24 hours and is trading at $1.79 at the time of writing. The asset’s market capitalization rose to roughly $665 million while its 24-hour trading volume has plunged by 9.5%, declining to $36.8 million.  RNDR price, whale activity and social activity – Oct. 11 | Source: Santiment Render’s surge came while the marketwide bullish momentum has been…

Binance rolls out self-trade prevention for spot and margin trading

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Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms. Once the STP feature is live, users will be able to check what orders have expired due…

Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried

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The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), resumed on October 10. As expected, the prosecution called Alameda Research’s ex-CEO and SBF’s ex-girlfriend, Caroline Ellison, to testify against the defendant.    Ellison Does More Damage To Sam Bankman-Fried Defense According to a thread on the X (formerly Twitter) platform by Inner City Press, which was present at the trial, Ellison confirmed what was already known as she stated that she and the defendant dated for a couple of years with their on-and-off relationship, beginning…

Bitcoin Struggles to Maintain Support Level Above $27K amid Weakness in Altcoins and US Stock Market Rebound

Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics. Amidst a global shift in economic outlook triggered by the BRICS alliance, Bitcoin (BTC) has been identified as a crucial instrument to hedge against high inflation. However, the Bitcoin price has struggled to rally beyond $28k in the past few days as the mother coin retested around $26.9k in the past 24 hours. According to the latest market data provided…

Former Alameda Research CEO Says SBF Asked Her to Falsify Figures and Commit Money Laundering Crimes

Ellison, who led Alameda Research, said SBF asked her to commit money laundering and fraud by faking figures submitted to investors. The former CEO of Alameda Research Caroline Ellison has testified against former FTX CEO Sam Bankman-Fried (SBF) in the ongoing trial. While testifying as the fifth witness for the prosecution, Ellison said that SBF directly asked her to commit money laundering and fraud. Ellison’s testimony includes accusatory information, including stating that she invested in other projects by taking billions of dollars of customer funds. In addition, Ellison said debts…

Legendary Investor Declares Now Is The Time To Buy Bitcoin

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In a recent interview with CNBC, billionaire hedge fund manager and legendary investor Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties. Jones, an influential figure in the investment world, highlighted the current geopolitical environment as one of the most “threatening and challenging” he has ever witnessed and emphasized the importance of diversifying investment portfolios with assets like Bitcoin and gold. Jones told CNBC, “I love gold and bitcoin together. I think they probably take on a larger percentage of your portfolio…

Securities regulators oppose special treatment of crypto in Coinbase case

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Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators. In an Oct. 10 filing in the United States District Court for the Southern District of New York supporting the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA) argued that digital assets need not be given any special treatment when it comes to applying securities laws. TradFi grey hairs file Amicus Curiae on behalf *drum roll* the…