Day: October 9, 2024

Prosecutors Charge Four Crypto ‘Market Makers,’ Employees With Market Manipulation, Fraud

During the course of their investigation, Federal Bureau of Investigation (FBI) agents created an Ethereum-based cryptocurrency, called NextFundAI, with the help of “cooperating witnesses” and used it to “identify, disrupt, and bring these alleged fraudsters to justice,” according to a Wednesday press release. The token, according to court documents, is also a security. A representative for the FBI added that there was limited trading “activity” on the coin but declined to share any additional information beyond what is currently available in public documents, including whether the FBI worked with any…

Bitcoin Mystery review — Satoshi ‘Whodunnit’ Lacks Killer Blow

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★★★★☆ | Cullen Hoback’s documentary is an entertaining watch, and uses the same tactics as a crime drama to keep his suspect hidden until the very end. Money Electric: The Bitcoin Mystery created a huge splash when a trailer was released by HBO, with the documentary promising to finally unmask Satoshi Nakamoto.  It’s a film by Cullen Hoback, who says he first became interested in BTC seven years ago, concerned about the dangers of digital surveillance. At 100 minutes long, it’s a chunky watch — and given its debut on…

Here Are Potential Bullish Turnaround Points

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Este artículo también está disponible en español. SUI is experiencing a notable pullback after its recent rally, with multiple key support levels coming into focus. As the price edges lower, these areas will play a pivotal role in determining whether the asset can regain its bullish momentum. A strong defense of these supports could signal the start of a fresh upward move, while a failure to hold may lead to deeper declines. This article aims to assess SUI’s recent price pullback and explore critical support levels that could trigger a…

How Crypto Reacted to HBO’s Big Satoshi ‘Reveal’

The history of Satoshi-sleuthing is filled with wrong turns, cul de sacs, and wild goose chases. But HBO’s “MONEY ELECTRIC: THE BITCOIN MYSTERY,” which aired in the United States Tuesday night, was supposed to be different. It was supposed to provide compelling proof as to who invented Bitcoin, putting the world’s greatest mystery to bed, for good. Source

PROS token spikes 145% after Animoca Brands announcement

The price of Prosper token has skyrocketed more than 145% in the past 24 hours after blockchain and game software company Animoca Brands announced it will purchase more of the platform’s native token. On Oct. 9, Animoca Brands revealed its plan to acquire more PROS tokens, with these purchased on the open market. Animoca Brands is a top investor in the web3 market, with its portfolio including crypto and blockchain projects such as Yuga Labs, Axie Infinity, Magic Eden, Polygon, OpenSea, and Dapper Labs, among others. The market reaction saw…

Binance CEO responds to launchpool accusations, discusses crypto scams

During a recent AMA, Binance CEO Richard Teng addressed accusations of misusing Launchpool funds, discussed the HBO documentary on Bitcoin’s creator, and outlined the company’s efforts against crypto scams. During a question-and-answer session on X, Teng addressed allegations of using the company’s balance sheet capital to farm its launchpool, a process meant to benefit the community. He firmly denied these claims, stating that Binance prioritizes user protection and fairness in trading practices. Teng emphasized Binance’s strict internal policies, including firing employees involved in unethical behavior, and reassured users that these…

Bitcoin Price Crash To $62,000 Was Led By This Holer Cohort, Data Shows

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Este artículo también está disponible en español. The Bitcoin price is still recovering from a major dip to $60,000 in the first three days of October. As the bulls and long-term holders continue to capitalize on the dip, analysis of on-chain data has revealed that the selling pressure has been eased massively as the majority of short-term holders have exited the market. Interestingly, these short-term holders are accountable for the drop to $60,000, as the data shows many of them exiting the market during the initial decline, further exacerbating the…