SBF, Caroline Ellision, Alameda and FTX may have conspired to keep Bitcoin price below $20,000, but is it actually possible and worth the effort?
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The explosive revelations of Caroline Ellison: Law Decoded
SBF’s former girlfriend admits to fraud during her time as CEO of Alameda Research.
Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9.
Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.
The risk-on sentiment could boost buying interest in select cryptocurrencies. One area where bullish activity is seen is the Grayscale Bitcoin Trust (GBTC). Grayscale’s legal victories have reduced the discount on the GBTC to its lowest level since 2021. This indicates that the investors are factoring in the possibility that the trust will finally convert into a spot Bitcoin (BTC) ETF.
Daily cryptocurrency market performance. Source: Coin360When the price does not break below the support levels on bad news and rises above the overhead resistance on favorable news, it shows that the shorts are running low on confidence. This increases the likelihood of an up-move in the near term.
What are the important overhead resistance levels on Bitcoin and altcoins that need to be crossed to start an uptrend? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index (SPX) turned down from the 50-day simple moving average (4,401) on Oct. 12, but the bears could not sink the price below the important level at 4,325.
Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
Stock markets flashed green at the weekly open, and crypto prices followed.
Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON
Stock markets flashed green at the weekly open, and crypto prices followed.
SEC chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’
Gensler reportedly fears big tech’s stranglehold on AI technologies homogenizing the financial market.
ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK
Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software.
ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK
Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software.
SEC plans scrutiny of crypto dealer-brokers, transfer agents, per 2024 exam guide
The SEC sets examination priorities based on feedback from examiners and input from investors and the industry.
Binance halts onboarding of new UK users
The move comes after the Financial Conduct Authority imposed restrictions on its U.K. partner REBS.
Nishad Singh testifies on Sam Bankman-Fried's 'excessive' investments through Alameda
The former FTX engineering director reportedly testified that SBF would "unilaterally spend Alameda's money” and was “ultimately” in charge of the firm rather than Caroline Ellison.
Tether freezes $873,000 USDT linked to terrorist activity in Ukraine, Israel
The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.
Focus on BTC fundamentals, says Edward Snowden - Bitcoin Amsterdam
Prominent Bitcoiners and contemporary adopters highlight the need to focus on the fundamental value proposition of Bitcoin to continue its push to mainstream acceptance.
Crypto yield platform Haru Invest to suspend server
After halting withdrawals in June 2023, Haru Invest is yet to come up with a timeline to repay its customers.
Australia open to idea of CBDC as future of money: RBA
The RBA assistant governor in his speech noted that the pilot CBDC projects have highlighted several key areas where CBDCs could be of great use.
Australia open to idea of CBDC as future of money: RBA
The RBA assistant governor in his speech noted that the pilot CBDC projects have highlighted several key areas where CBDCs could be of great use.
Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023.
Crypto payment option for Honda cars only works via third-party platform
FCF Pay’s X account has been suspended amid circulating misreporting about its “partnership” with Honda, which has never happened.
Mining BTC is harder than ever — 5 things to know in Bitcoin this week
Bitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio conjures the chilling thought of "World War III."