Day: October 25, 2023

Why is Ether (ETH) price up today?

boss

Ethereum’s native token, Ether (ETH), is up today, mirroring gains elsewhere in the cryptocurrency market as investors go bullish on a potential spot Bitcoin ETF approval in the U.S. On Oct. 25, ETH’s price stabilized around $1,800, a psychological resistance level, after rallying nearly 9% this week. The cryptocurrency’s upside moves accompanied a rise in daily trading volumes, indicating strong interest in Ether from buyers. ETH/USD daily price chart. Source: TradingView Let’s look close at the factors that have driven the price of ETH up in the past few days.…

FTX Founder SBF WIll Take the Stand in His Own Defense

Those executives, including Caroline Ellison, Nishad Singh and Gary Wang, testified against him after pleading guilty to various crimes of their own, with the defense mostly mounting seemingly unimpressive cross-examinations in their bid to sow doubt about the strength of the witnesses’ testimony. In a separate filing Wednesday, the defense attorneys sought permission to introduce evidence that Singh and Wang had been inconsistent in how they described their conversations with investigators prior to getting on the stand. Source DefenseFounderFTXSBFstand CryptoX Portal

Bitcoin Faces Watershed Moment to Keep $1M Price Tag amid 2 Wars

Hayes has always maintained an optimistic outlook on Bitcoin and remains one of the market analysts who believes the best is yet to come for the premier cryptocurrency. He believes  we will see a $1 million price tag for the coin in the long term. Arthur Hayes, the former CEO of BitMEX suggests in a recent blog post titled “The Periphery”,  that a $1 million Bitcoin (BTC) price is still attainable, even in the face of inflation and ongoing wars in Israel and Ukraine. Arthur Hayes on Geopolitical Tensions and…

Cardano Founder Debunks Rumors Of Stablecoin Djed’s Shutdown

boss

In a definitive response to swirling rumors regarding the possible discontinuation of the Djed stablecoin, Charles Hoskinson, founder of Cardano, firmly stated that not only will the project continue, but it will also receive a significant upgrade. “No, we aren’t dropping Djed. We are supercharging the team,” he announced. Cardano Developer IOG Doubles Down On Djed Djed, an overcollateralized stablecoin by Input Output Global (IOG) and COTI has been under scrutiny due to its unique financial mechanism recently. Specifically, the stablecoin uses Cardano’s ADA token as a reserve, aiming to…

Sam Bankman-Fried will testify at criminal trial, say defense lawyers

boss

Former FTX CEO Sam “SBF” Bankman-Fried will testify as part of his defense case, said his attorney Mark Cohen. In an Oct. 25 telephone conference between SBF’s lawyers, prosecutors, and Judge Lewis Kaplan, Cohen said following the prosecution completing the presentation of its case on Oct. 26, his team planned to call three witnesses as well as Bankman-Fried to the stand. Judge Kaplan said he would allow the case to go “straight through” on Oct. 26, moving directly from the prosecutors’ final witness to the defense’s first one. This is…

FTX Founder Sam Bankman-Fried WIll Take the Stand in His Own Defense

Those executives, including Caroline Ellison, Nishad Singh and Gary Wang, testified against him after pleading guilty to various crimes of their own, with the defense mostly mounting seemingly unimpressive cross-examinations in their bid to sow doubt about the strength of the witnesses’ testimony. In a separate filing Wednesday, the defense attorneys sought permission to introduce evidence that Singh and Wang had been inconsistent in how they described their conversations with investigators prior to getting on the stand. Source