Changpeng Zhao’s wealth dropped to $17.2 billion from a previous estimate of $29.1 billion. Source
Binance Founder CZ's Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
Day: October 27, 2023
Bitcoin beats S&P 500 in October as $40K BTC price predictions flow in
Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets. BTC/USD 1-hour chart. Source: TradingView Bitcoin range faces weekly, monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding steady, preserving its early-week gains. The largest cryptocurrency avoided significant volatility as the weekly and monthly closes — a key moment for the October uptrend — drew ever nearer. “I think Bitcoin will hang around this range for some time,” popular trader Daan Crypto Trades told X subscribers…
XRP Price To Go Parabolic, Here’s When
On Wednesday, October 25, a prominent cryptocurrency analyst Dark Defender revealed that the price of XRP will go parabolic in the future, highlighting how it is going to happen and when it is expected to happen. Crypto Analyst’s XRP Price Projection The XRP analyst recently took to X (formerly Twitter) to share his predictions and optimism on the XRP price going parabolic and how it is going to happen. In the Dark Defender X post, there are two crucial support levels and three resistance levels for the digital asset, which…
Analyst Forecasts BTC Could Soar to $45K in November
According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark. As Bitcoin (BTC) continues its bullish trajectory over the week, the cryptocurrency market is abuzz with speculation about its next milestone. According to a comprehensive analysis by prominent financial analyst CryptoCon, Bitcoin is poised to hit a significant threshold of $45,000 in November, leveraging insights from previous market cycles. CryptoCon shared these insights in a series of posts on X, shedding light on the intricacies of Fibonacci retracement levels. Bitcoin Could Hit…
Web3 startups kick off Cointelegraph Accelerator second cohort
Cryptox Accelerator, a startup booster that leverages Cryptox’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups. Selected from over 1000 startup applications, the 16 participants of the second cohort of the Cryptox Accelerator program represent a wide array of Web3 verticals, including decentralized finance (DeFi), fintech, wallets, entertainment, social, and GameFi. By joining Cryptox’s accelerator program, Web3 startups will get marketing strategy expertise, access to Cryptox media products, and mentorship programs with industry experts on key start-up development topics,…
Kraken to start sharing user data with IRS
Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month. According to The Block, the decision comes after it was ordered by a court order received in June. “Kraken expects to share this information covered by the court’s order in early November 2023.” The Block The IRS and Kraken battle began in May 2021 when a US federal court allowed the tax agency to serve a John Doe summons on the cryptocurrency exchange and its subsidiaries in an attempt to catch tax evaders. The IRS…
Chainlink (LINK) Shines with Remarkable 50% Surge smid Crypto Rally
With how LINK is moving in recent times and its historical precedent, there are indications that it may serve as a market leader once again, potentially triggering another bullish trend. Chainlink (LINK), a decentralized blockchain oracles service provider has emerged as a standout performer, witnessing an astounding 50% increase in its price as the crypto market witnessed a significant uptick in valuation. Understanding the Chainlink Surge The recent surge in Chainlink’s price can be attributed to the overall bullish sentiment permeating the crypto market. This sentiment was primarily driven by…
‘A lot of people got hurt’
Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO in front of a jury for the first time as they prepared to rest their case. According to reports from the New York courtroom on Oct. 27, Bankman-Fried denied defrauding FTX customers during his time leading the crypto exchange. The former CEO reportedly said he knew “basically nothing” about digital assets when launching crypto hedge fund Alameda Research. “FTX declared bankruptcy,” said SBF in response to a question from his lawyer Mark Cohen. “A lot of people got hurt.”…
What’s the Deal With Sam Bankman-Fried’s ‘Advice of Counsel’ Defense
And why is it causing so much controversy in court? Source
Bitcoin and Ether record low trading volumes on South Korea’s biggest crypto exchange
A recent report revealed that altcoin trading in the South Korean cryptocurrency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison. The number of South Korean investors was estimated to reach about six million in the first six months of 2023, a figure accounting for 10 percent of the South Korean population, according to a survey carried out by the Korea Financial Intelligence Unit, as reported by DeSpread Research. Meanwhile, most of these investors use centralized exchanges (CEXes) for…