Day: October 26, 2023

Horse Racing Game NEOBRED Integrates with Avalanche for Superior Web3 Gaming Experience

Layer-1 blockchain Avalanche is known for its speed, low cost, scalability, and security. Blockchain horse racing game NEOBRED has announced that it is integrating with blockchain Avalanche to provide players with a superior gaming experience by leveraging the network’s speed and cost-effectiveness. A spokesperson from NEOBRED said of the integration: “We are excited to integrate with Avalanche and offer our players a new level of gaming performance and efficiency […] Avalanche’s speed, scalability, and low costs have the potential to make NEOBRED one of the most enjoyable blockchain horse racing…

The Bitcoin Roadmap To $70,000

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Through bull and bear rallies, crypto analysts have always given their forecast for where the price of a crypto like bitcoin might end up. Mostly, this is the norm, but one analyst has taken a deeper dive into the coin to give an in-depth analysis of Bitcoin’s upward rally. The analysis touches on multiple indicators, as well as the widespread acceptance that BTC has been gaining recently. Bitcoin Price To $70,000 The analysis shared on TradingView shows a different side of the market that has previously been untapped. The analyst…

Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto

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The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media, where Gensler noted, “Don’t get me started on crypto. I won’t even name all the individuals we’ve charged in this highly noncompliant field.” While talking about the economic perspective of the SEC’s enforcement action, Gensler noted that…

BNP Paribas Navigates Turbulent Waters with Positive Results in Q3 2023

However, BNP Paribas is not immune to the challenges faced by many of its peers in the banking industry. French multinational banking giant BNP Paribas SA (EPA: BNP) recently released its Q3 2023 financial result, painting a picture of adaptability and resilience in a tumultuous economic environment. Under the stewardship of CEO Jean-Laurent Bonnafe, the bank has made strategic moves that have enabled it to withstand headwinds and maintain steady performance, even as the global financial landscape experiences seismic shifts. BNP Paribas In-Line Quarterly Result For the third quarter of…

Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

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The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen. In the letter submitted by Mark Cohen, to inform the Court of their planned testimony during Mr. Bankman-Fried’s direct examination, the defense requested approval to obtain testimony regarding Mr. Bankman-Fried’s awareness of counsel’s participation in specific matters, following the Court’s order from October 1, 2023. FTX, FTX US and Alameda Research entered bankruptcy proceedings, on Nov. 11, 2022, with Bankman-Fried resigning as CEO. He had been…

Bitwise Invest amends Bitcoin ETF filing

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Bitwise Invest has made certain changes to its application to register a spot Bitcoin ETF following comments from the U.S. Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst James Seyffart reported on this on his Twitter account. According to the expert, there are no significant changes in the filing. However, the company added its product ticker BITB. If the SEC approves ETF, it will trade on the NYSE Arca exchange. When asked whether this should be considered a definite signal, Seyffart replied that it is just an example of a…

Magnificent Seven Stocks Lose $280 Billion as Crypto Market Spikes

The crypto market’s largest assets have noted significant increases even as giant Magnificent Seven tech stocks plunged yestereday. Stocks of tech companies called the “Magnificent Seven” fell significantly after several companies published earnings reports that provoked concerns about a recession in the tech space. On Wednesday, October 25, the Magnificent Seven lost more than $280 billion. The stocks comprise seven giant tech firms, including Apple Inc (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL), Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Meta (NASDAQ: META), Tesla (NASDAQ: TSLA), and Microsoft (NASDAQ: MSFT). Magnificent Seven Stocks Plunge Triggering Recession Concerns Google’s parent company, Alphabet, had the largest fall, losing…

Deutsche Bank Trials a SWIFT Alternative for Stablecoins

Deutsche Bank and Standard Chartered’s SC Ventures are testing a system that will allow blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs) to talk to one another, taking an approach similar to the SWIFT messaging layer in legacy banking infrastructure. The banks are running a series of test cases, including transferring and swapping USDC stablecoins, on the Universal Digital Payments Network (UDPN), a permissioned blockchain system composed of validator nodes run by an alliance of banks, financial institutions and consultancies. The system, created by tech consultancy GFT Group and…

Bitfinex Securities to List USDT-Denominated Tokenized Bond in November

The ALT2511 bond would start trading at the price of 100 USDT and has a minimum investment threshold of 125,000 USDT. Bitfinex Securities has revealed its plan to list its first tokenized bond – ALT2611 – next month. According to the announcement, ALT2611 is a 36-month offering that comes with a 10% coupon rate. The new bond is denominated in Tether USDT and will be issued by Mikro Kapital, a global leader in microfinance. It will also leverage Blockstream Liquid, a sidechain-based settlement network for Bitcoin (BTC). In a tweet…