Sam Bankman-Fried’s Defense Argues Ex-FTX CEO Acted ‘in Good Faith’ in Emotional Closing Argument Source
Sam Bankman-Fried’s Defense Argues Ex-FTX CEO Acted ‘in Good Faith’ in Emotional Closing Argument
Day: November 1, 2023
Bitcoin Ends October On A High Note, What To Expect For BTC Price In November
The month of October just drew to a close and Bitcoin and the rest of the crypto market has ushered in the new month of November. With October proving to be an incredibly bullish month for Bitcoin with a green monthly close, eyes are now on the new month and what possibilities it could hold for the digital asset. October Was A Good Month For Bitcoin Looking back to the month of October, it has been one of the best months so far for 2023. The price of BTC started…
Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens
Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve, the Securities and Exchange Commission and BlackRock line up to deliver a bonanza of holiday cheer. The Federal Open Market Committee (FOMC) finished its penultimate meeting of 2023 on Wednesday, and it decided to hold interest rates steady. As…
HSBC uses blockchain to revamp outdated London gold market infrastructure
HSBC leverages blockchain technology to digitize gold assets, aiming to modernize the traditional London gold market. HSBC Holdings Plc has initiated a blockchain-based platform to digitize gold assets stored in its London vault. Mark Williamson, head of global FX and commodities partnerships and propositions at the bank, elaborated on this development in a recent interview with Bloomberg. The cutting-edge system issues digital assets corresponding to physical gold bars, which can then be exchanged via HSBC’s proprietary trading platform. Some consumers are skeptical about HSBC’s decision A second attempt at Blockchain-based…
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
When the CFTC denied the application earlier this year, Commissioner Summer Mersinger dissented, arguing, “It is important for the commission to make this determination the right way – by undertaking a public rulemaking process.” However, she added, “my dissent should not be taken as an endorsement of Kalshi’s Congressional Control Contracts.” Source
BNB Chain Q3 Revenue Takes A Hit: Fees Plummet By 40%
In a recent report by Messari, the analysis sheds light on the developments and challenges faced by Binance Chain (BNB), the blockchain created by Binance, the world’s largest cryptocurrency exchange regarding trading volume. The report highlights the separation of BNB Chain from Binance and various events and allegations that have impacted Binance and its associated entities throughout the third quarter of 2023. Binance Chain Separation And Challenges The Messari report emphasizes that BNB Chain has distinguished itself as an independent entity separate from Binance despite its origins as a product…
Some Multichain transactions are confirmed as queue unwinds
Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain’s explorer tool. Blockchain data confirms that some of the transactions have been confirmed on the destination chain, while others show as confirmed in the Multichain explorer but not on the destination chain. Browsers with the Metamask wallet extension currently show a warning when users attempt to view the Multichain explorer, due to the fact that the protocol has been hacked. However, it can be…
Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally
The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel. Original
Aptos And Avalanche Take The Lead
The crypto market is set to experience significant token unlocks in November, with projects such as Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) leading the way. These unlocks are anticipated to release more than $320 million worth of tokens, contributing to the overall $450 million set to enter circulating supplies in the crypto market this month. It is worth noting that such substantial releases could have immediate and long-term effects on both the price and availability of these digital assets. Aptos And Top Players In November’s Token Release Token unlocks…
Lazarus used ‘Kandykorn’ malware in attempt to compromise exchange — Elastic
Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an Oct. 31 report from Elastic Security Labs. Elastic has named the new malware “Kandykorn” and the loader program that loads it into memory “Sugarload,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted. Crypto exchanges have suffered a rash of private-key hacks in 2023, most of which have been traced to the North Korean cybercrime enterprise Lazarus Group. Kandykorn…