Unraveling the Dark Side of Crypto Source
Unraveling the Dark Side of Crypto
Day: October 20, 2023
MultiversX’s EGLD Token Rallies on Partnership With Google Cloud
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Shiba Inu Revival? Here’s Why A Resurgence May Be Imminent
Shiba Inu (SHIB) has been displaying a bearish structure accompanied by a noticeable capital outflow, leading to a plunge in its value. Despite the prevailing technical indicators, there is a lingering possibility of a short-term range formation. At present, the critical resistance on the charts is identified at $0.000007. Notably, this level experienced a brief shift to support earlier in the week, but the bullish momentum was ultimately unable to sustain its grip. As of the latest update, the current SHIB price on CoinGecko hovers at $0.00000692, with a moderate…
BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’
Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. BTC/USD 1-hour chart. Source: TradingView BTC price sets up weekly close showdown Data from Cointelegraph Markets Pro and TradingView captured new two-month BTC price highs of $30,233 on Bitstamp. The pair showed continued strength during the Asia trading session, with a slight comedown taking place at the time of writing, taking spot price back below $29,500. With volatility still evident, market participants argued that a weekly candle close was needed in…
Bitcoin’s bid to upend capital markets
At the PlanB conference in Lugano on Oct. 20, a panel of experts discussed how Bitcoin and blockchain technology could disrupt traditional capital markets. The panel, titled “Exploring the Future of Capital Markets: Your Second Layer,” featured leaders from several Bitcoin and blockchain startups including Blockstream, Sideswap, Setup Labs and Stalker. Panelists outlined how Bitcoin’s decentralized, transparent and programmable nature enables direct peer-to-peer trading of assets including stocks, bonds, derivatives and more. This removes the need for intermediaries like stock exchanges and clearing houses, reducing costs and risks. According to…
Controls on Major Crypto Shareholders Set Out by EU Banking Regulators EBA and ESMA in MiCA Consultations
New European Union laws known as the Markets in Crypto Assets regulation, MiCA, due to take effect in December 2024, require prospective crypto license holders to show owners and executives have a good reputation. MiCA authorizations – which will allow crypto companies to operate across the 27-nation bloc – can be withdrawn if executives don’t meet the grade, added the consultation, which is open for comment until January. Source
Matrixport Says Bitcoin Is Headed For $56,000, Here’s The Driver
Crypto financial services platform Matrixport has predicted that an approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could push the price of Bitcoin between $42,000 and $56,000 per unit. BTC, the world’s largest cryptocurrency, has experienced notable increases in value throughout the current week, with the aim of surpassing the significant threshold of $30,000. The cryptocurrency has been influenced by the operations of a spot Bitcoin Exchange Traded Fund (ETF) as investors continue to await approval to onboard institutional and mainstream exposure to the…
Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam
On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team allegedly hired paid actors to pretend to be its executives, then raised funds for the sole purpose of developing a gaming platform. However, instead of actually creating the platform, the FinSoul team allegedly transferred $1.6 million in bridged Tether (USDT) from investors to itself. Blockchain data indicates developers then…
Google Cloud Makes Push into Metaverse by Partnering with MultiversX
Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will be able to leverage robust data analytics and artificial intelligence tools within Google Cloud’s ecosystem. The collaboration will facilitate the…
American Express Posts Sixth Consecutive Quarter of Record Revenue for Q3 2023
The Q3 figures for 2023 show that American Express pulled in record revenue despite increased expenses especially with customer engagements. Credit card giant American Express (NYSE: AXP) has published its revenue report for Q3 of 2023, pointing to record revenue for six consecutive quarters. According to an official press release, the company’s total revenue net of interest expense came in at $15.38 billion, a 13% increase over the $13.5 billion recorded for the same quarter in 2022. The company said this increase was mainly from “higher average loan volumes and increased Card Member…