Day: October 24, 2023

Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto

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Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency. Crypto’s role in the conflict came into focus on Oct. 10, when Israeli police froze crypto accounts used for donations to Hamas. It was not the first time. In 2021, Israel’s Terror Financing of Israel (NBCTF) seized crypto wallets linked to a Hamas fundraising campaign. While Binance worked “closely…

On-Chain Tracker Points Out Interesting Difference Between Current And Past Rallies

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The current Bitcoin rally has taken most of the crypto space by surprise after going from under $27,000 to $35,000 in less than two weeks. As prices continue to fly, on-chain data tracker Santiment has revealed something different between the current Bitcoin rally and its previous rallies above $30,000. Altcoins Refuse To Fall Behind Bitcoin In the report that was posted on X (formerly Twitter), Santiment revealed that altcoins have changed their usual routine for when the Bitcoin price is surging. For instance, when Bitcoin had rallied to $30,000 in…

BlockFi to start settling debts with creditors after successful exit from bankruptcy

BlockFi has announced its emergence from bankruptcy and is initiating plans to repay creditors, marking a significant turnaround after last year’s challenging halt of withdrawals following the FTX exchange collapse. The Oct. 24 announcement by BlockFi, a crypto lending firm, about its emergence from bankruptcy and the commencement of creditor repayments signifies a pivotal moment in the company’s history. BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”). — BlockFi (@BlockFi)…

Pro-crypto lawmaker Tom Emmer ends hours-long speaker campaign: Report

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Tom Emmer, the current majority whip and a crypto proponent, has reportedly dropped his bid to become the next speaker of the United States House of Representatives — a position second in line to the U.S. presidency. According to multiple reports from major news outlets on Oct. 24, Representative Emmer ended his campaign for speaker after he was unable to secure the 217 Republican votes necessary to win on the House floor, a vote that had been expected sometime in the next day or two. The Minnesota congressman had only…

MicroStrategy’s Bitcoin Portfolio Soars Past $5 Billion As BTC Holds Firm At $34,000

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In a remarkable turn of events for the business intelligence (BI) company MicroStrategy, the recent bullish momentum of Bitcoin (BTC) has resulted in significant profits and a resurgence for the company.  MicroStrategy has returned on a profitable trajectory after a prolonged period of market downturn and losses suffered by companies with cryptocurrency holdings. MicroStrategy’s Bitcoin Holdings Surge  Just a month ago, MicroStrategy and its subsidiaries made a strategic move by increasing their BTC holdings. According to a filing with the US Securities and Exchange Commission (SEC), the company, co-founded by…

ChainGPT Announces $50,000 Airdrop in Partnership with CoinMarketCap

Meanwhile, CoinMarketCap recently announced its entry into the Artificial Intelligence (AI) industry with the release of a ChatGPT plugin. ChainGPT, the innovative AI infrastructure network designed for Web3, has unveiled a groundbreaking partnership with CoinMarketCap to introduce an enticing $50,000 airdrop of $CGPT tokens to crypto enthusiasts. The ChainGPT Airdrop Mechanics ChainGPT highlighted in a press release shared with Coinspeaker that the airdrop initiative aims to empower up to 10,000 members of the crypto community, offering them a chance to participate in the thriving blockchain ecosystem and get a share…

Fulcrom Finance expands to zkSync Era, unveils $100K reward pool 

Fulcrom Finance, a perpetual trading protocol on Cronos, is expanding into the zkSync Era to further support its staking community. Following this announcement, the decentralized finance (defi) solution has announced a $100,000 reward pool to celebrate this milestone. Fulcrom Finance expands to zkSync Era On Oct. 5, Fulcrom Finance said it will expand into zkSync Era. The layer-2 protocol utilizes zero-knowledge (ZK) technology to enhance scalability, security, user experience, and community engagement while remaining decentralized. Fulcrom Finance also bridged 2.4 billion FUL from Cronos to zkSync Era at launch, making it one…

Vodafone, Sumitomo team up with Chainlink to explore trade documents network

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Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of financial transactions in the $32-trillion global trade ecosystem, Vodafone said. The proof-of-concept used oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). DAB “provide[d] security and interoperability across IoT devices at the edge of a network.” The proof-of-concept showed the potential of Vodafone Internet-of-Things devices and blockchains to provide data for…

See The “Golden” Signal Behind The Surge

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As the broader cryptocurrency market breaks out on the back of Bitcoin’s big rally, FET is the next altcoin to double-digit gains. The AI cryptocurrency at one point hit 14% higher intraday. The move could be the start of something special, according to a “golden” signal in Fetch.ai. FET Soars 14% As Golden Cross Triggers FET is up 14% today as cryptocurrencies across the board see significant gains led by Bitcoin (BTC) this week. Even before the big move, the AI coin had opened this weekly trading session forming a…