Ether showed signs of stability after a nearly weeklong decline. Source
Bitcoin Drops Below $27K, Ether Stable as Jim Cramer Pokes Bearish Calls
Day: October 12, 2023
Former Alameda Research CEO Caroline Ellison Says Sam Bankman-Fried Conspired to Keep Bitcoin Price Below $20K Using Customers’ Funds
Ellison told the New York court that SBF ordered her to lie about the state of financial statements for Alameda Research to secure more loans against customers’ deposits at FTX. Details of how former crypto empire FTX and Alameda Research have emerged through the testimony from Caroline Ellison, former Sam Bankman-Fried’s (SBF) girlfriend. Ellison led the Alameda Research team but used funds from FTX customers to make risky crypto bets without traditional risk management practices. As a result, the duo was entangled in a web of lies that deceived other…
Cristiano Ronaldo and Binance Release CR7 ForeverZone NFT Collection
The NFTs are available for free. To claim a CR7 ForeverZone Box, users have to open the Binance Promotion Page, complete and pass KYC verification, and collect an NFT. Portuguese football legend Cristiano Ronaldo and crypto exchange Binance have announced the release of a non-fungible tokens (NFTs) collection. Called the CR7 ForeverZone, the NFT collection is the third time Cristiano Ronaldo and Binance have collaborated to offer the player’s fans “unprecedented experiences” in the Web3 world. Myself and #Binance are giving away 50,000 free surprises! And one lucky winner will win the…
BarnBridge DAO votes to comply with SEC order
BarnBridge decentralized autonomous organization’s (DAO) members have conducted their voting on how to react to the United States Securities Exchange Commission’s (SEC) potential demands. The voting ended on Oct. 12 with an unanimous decision to comply with the SEC’s potential demands and pay fines if necessary. Tyler Ward and Troy Murray were nominated as DAO’s special delegates for dealing with the regulator. At the same time, Douglas Park remains the DAO’s legal counsel and will sign the final version of the Order on behalf of BarnBridge. Voters have also let…
Everlodge gains 90%, ApeCoin and Pepe Coin sell-off continue
Investors are increasingly interested in trading, and Everlodge is firm, edging higher. Its presale can present opportunities, partly explaining the rising interest among users. In contrast, ApeCoin (APE) and Pepe Coin (PEPE) remain under pressure, contracting due to market challenges. ApeCoin falls after recent unlock event ApeCoin recently released over 40 million APE worth $58.47 million, which pressured the token even more. As a result, APE dropped by over 25% to $1.12. Experts maintain a bearish outlook on APE; even the BAYC non-fungible token (NFT) collection, the biggest brand in the…
Galaxy Digital Leads $4M Strategic Funding for Parsec Finance to Revolutionize DeFi Transparency
With crucial funding secured, Parsec Finance also launched its cutting-edge institutional-focused product that aims to help provide unparalleled data to easily discover DeFi opportunities. Parsec Finance, an analytics platform focused on providing deep transparency in the nascent DeFi and NFT markets, announced a successful closure of a strategic funding round with about $4 million. According to the announcement, the Parsec Finance strategic funding was led by Galaxy Digital with key participation from Uniswap, Robot Ventures, CMT Digital, Will Price, Rice Maximalist, and Freddie Farmer, among many others. The funds are…
Trezor releases new hardware wallet and metal private key backup
Trezor, a major provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by releasing three self-custody products, including a new Trezor wallet, a proprietary private key backup solution and a Bitcoin (BTC)-only wallet. The Czech Republic-based company on Oct. 12 officially announced the launch of Trezor Safe 3, its brand-new hardware wallet supporting more than 7,000 cryptocurrencies. The firm stressed that the new wallet launch marks an important milestone in Trezor’s provision of entry-level hardware wallets. The release of the Trezor Safe 3 wallet comes nearly five years after…
Alameda Lost Nearly $200M to Phishing Attacks, Ex-Engineer Says
Lax security practices seemed to be a feature of the former crypto trading titan. Source
BlackRock seeks court crackdown on 44 copycat sites, some crypto adjacent
Investment giant BlackRock has called for a crackdown on a range of potentially scammy domains and “typosquatting” websites it alleges are taking advantage of its name. On Oct. 10, BlackRock filed a legal complaint in the United States District Court for the Easter District of Virginia against the owners of 44 internet domain names containing keywords such as ‘Blackrock’, ‘Aladdin’, ‘capital’, ‘crypto’, and ‘investments’. The asset manager alleges the domains were registered in bad faith to profit from consumer confusion and divert traffic through tactics like pay-per-click ads, malware, and…
ARK’s amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals. An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including practices for how the fund will custody assets and determine asset values. Bloomberg senior ETF analyst Eric Balchunas said the changes could be in direct response to concerns the SEC has asked ETF issuers to address. “It means ARK…