Day: October 28, 2023

Analyst Points Out Incoming Mega Bounce, Here’s The Target

Another bullish prediction has come in for the XRP price which is arguably more optimistic than many would expect. This time around, a crypto analyst is expecting XRP to use up its stored energy for an explosive rally that could see the altcoin rally to $27, well above its all-time high.  XRP Price Suppressed During Last Bull Run Because Of SEC Lawsuit Crypto analyst ERGAG CRYPTO recently predicted that XRP is poised for a massive 4,000% price surge. ERGAG made this prediction in an X post, detailing how this price…

SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

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Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying directing his inner circle to make significant political donations in 2021, as well as claims that FTX’s terms of use covered transactions between Alameda and the crypto exchange. Additionally, Bankman-Fried testified that he requested additional hedging…

Australian police seize $50m in crypto money laundering scheme

The Australian Federal Police (AFP) has accused Changjiang Currency Exchange of a money laundering scheme. In a press release, the AFP said the operation, codenamed Ironside, resulted from a three-year investigation into the activities of the currency exchange business. Changjiang Currency Exchange operated from multiple locations across Sydney and Melbourne. The company allegedly used sophisticated methods to conceal the origin and destination of the funds, which were linked to various criminal activities, such as drug trafficking, tax evasion, fraud, and money laundering. The AFP said the business was part of…

Only 7% happy with U.S. financial system, Coinbase reports

New research by Coinbase shows only a tiny percent of U.S. citizens still believe the American Dream is achievable in the current financial environment. Less than 10% of Americans are happy with the nation’s financial system as younger generations become “more pressured financially and more disillusioned by the system,” Coinbase says. In a new Q3 State of Crypto report co-created with Bovitz and Morning Consult, the U.S.-based crypto exchange surveyed thousands of Americans about their experiences dealing with traditional finance. Most Americans are unsatisfied with the existing financial system, as…

You Won’t Believe How Much SHIB Whales Have Bought

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Shiba Inu is up by 12.15% in a 7-day timeframe as investors continue to accumulate cryptocurrencies in the wider crypto market. However, on-chain data has shown that accumulation has been going on for a while, with SHIB whales now accumulating $300 million in the past three months.  Shiba Inu Whales Have Been Accumulating Large Amounts Of SHIB On-chain data from IntoTheBlock has shown that SHIB whales, meaning large holders, have been accumulating huge amounts of SHIB over the last few months. Large holders in the Shiba Inu ecosystem are divided…

Sam Bankman-Fried’s perspective on FTX fall

CryptoX – Cryptocurrency Analysis and News Portal Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making “big mistakes” during the companies’ fast-paced growth.  His official testimony started on Oct. 27, after a hearing on the previous day without the jurors present. During the hearing, Bankman-Fried struggled to answer questions raised by government attorneys, whereas he appeared much better prepared the following day to face the jury.…

Sam Bankman-Fried’s perspective on FTX fall

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Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making “big mistakes” during the companies’ fast-paced growth.  His official testimony started on Oct. 27, after a hearing on the previous day without the jurors present. During the hearing, Bankman-Fried struggled to answer questions raised by government attorneys, whereas he appeared much better prepared the following day to face the jury. A few highlights of Bankman-Fried’s testimony this…

Binance CEO reportedly lost $12b amid regulatory problems

The fortune of the founder and head of the largest crypto exchange, Binance, Changpeng Zhao, decreased by $12 billion amid problems with the trading platform. The Bloomberg Billionaires Index cut its earnings estimate for the Binance cryptocurrency exchange by 38% amid falling platform sales. As a result, Zhao’s wealth decreased by $11.9 billion to $17.3 billion. In addition to losing his fortune, Zhao reset the wealth of the founder of the FTX crypto exchange, Sam Bankman-Fried. In November 2022, the founder of Binance announced that he was liquidating the token…

Community-powered crypto trading: CryptoRobotics joins Cointelegraph Accelerator

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Crypto market charts can make traders feel exhausted just by looking at them, and chances are high that this contributed to the prolonged bear season. After experiencing historic lows for well over a year, both first-timers and experienced traders are looking for ways to stay afloat in the crypto market, and it might feel like a never-ending grind. In times like these, when individual efforts and manual orders hardly yield results due to the unpredictability of the market, it’s crucial for traders to get together and learn from each other.…

Fable series creator launches web3 game on Gala Games

Peter Molyneux’s new play-to-earn blockchain game Legacy wants to reinvent the gaming experience with non-fungible tokens. Legacy, a web3 business simulator and city management game from Peter Molyneux, best known for the Fable series, is now live on Gala Games for PC and Mac. The video game developed by the 22Cans studio is based on the GalaChain blockchain. It allows players to store and bridge in-game items to and from the Ethereum (ETH) blockchain for trade on secondary NFT markets like OpenSea, Rarible, and Magic Eden. Legacy gameplay | Source:…