The Bitcoin mining sector has been experiencing a surge of activity recently. Companies such as Marathon Digital, Riot Platforms, and CleanSpark have reported substantial increases in Bitcoin production for the month of September. Bitcoin Mining Sector’s Resilience Despite Bitcoin’s price remaining relatively stagnant, these miners have demonstrated resilience. They witnessed a rise in their share […]

An attorney for Sam Bankman-Fried pointed to the volatility of the cryptocurrency market and how it could overwhelm burgeoning companies like FTX.

October 4, 2023 – Zug, Switzerland MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network – the largest layer-one investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision […]

Ethereum (ETH) represents an even bigger investment opportunity than Bitcoin (BTC), according to Matt Hougan, the chief investment officer at Bitwise. Hougan says that Ethereum is the largest investment opportunity in the entire crypto space. “Ethereum is a new global computing platform that could rewire how the entire financial industry and much of the creative […]

Warner Music Group’s chief digital officer has spearheaded the major label’s embrace of emerging technologies including blockchain and AI for the last three years. But this week, she left the post. Oana Ruxandra resigned from the position and will soon announce her next move, according to internal company emails first reported by Billboard. According to […]

Has rise of Ethereum (ETH) ended yet?

In the heart of Manhattan, high above Hudson Yards in a bustling hotel, Bitcoin Magazine’s Editor in Chief, Mark Goodwin, sat down with US presidential hopeful Robert F. Kennedy Jr. for a candid and engaging interview that shed new light on his political vision. The interview commenced with RFK’s assessment of the Democratic Party and […]

Ethereum price is struggling to stay above the $1,620 support against the US dollar. ETH must clear the $1,665 hurdle to start a fresh increase. Ethereum trimmed all gains and now trading near the $1,630 level. The price is trading below $1,660 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line […]

Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago.

Yield Protocol, a decentralized finance (DeFi) project that offered fixed-rate lending and borrowing on stablecoins, has announced that it will cease operations by the end of 2023. The project, which was backed by prominent investors such as Paradigm, Framework Ventures, and CMS, cited low demand and regulatory uncertainty as the main reasons for its closure. […]

The US DOJ has recently filed a motion that claims the charges against the ex-CEO of the infamous cryptocurrency exchange, FTX, are valid regardless of the lack of crypto laws. The Department of Justice made the decision to file the motion in response to the defendant’s request for clarification along with the reconsideration of these […]

According to the acclaimed author Michael Lewis in his biography “Going Infinite”, Sam Bankman-Fried’s initial foray into crypto trading was marked by huge losses, with his hedge fund losing over half a million dollars daily. In 2017, Bankman-Fried secured an investment of nearly $170 million from a group of investors who subscribed to the ideology […]

Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional fiat currencies issued by governments …

An Ethereum-based (ETH) altcoin is likely facing a final leg to the downside before it doubles in price, according to a popular crypto analyst. Crypto strategist Michaël van de Poppe tells his 668,000 followers on the social media platform X that the decentralized oracle provider Chainlink (LINK) is due for a final correction and a […]

New documents reveal prosecutors in Sam Bankman-Fried’s fraud trial are opposing his bid to use arguments about the US regulatory framework to combat his charges. In a new court filing, the government says the former FTX chief executive should not be able to argue that he’s innocent because FTX was “not regulated in the United […]

TL;DR Chase Bank partners with FCF Pay, allowing crypto payments for loans and credit cards. HSBC also recently enabled mortgage and loan payments in digital currencies. ChatGPT suggests bank adoption may boost XRP’s future performance against BTC. JPMorgan’s Subsidiary Supports Crypto Chase Bank – the US consumer and commercial banking subsidiary of JPMorgan Chase & […]

An inverse correlation between the crypto market and the DXY has often helped to signal when a bull rally is on the horizon. One of the most notable instances of this happened 9 years ago, and since then, the formation has not returned, until now, signaling a massive price surge in October. DXY Readies To […]

PricewaterhouseCoopers (PwC) have outlined the need for blockchain technology to combat the ongoing financial inclusion issue, which is only set to get bigger as time goes on. “Financial inclusion remains a significant global challenge, with over 1.4 billion people lacking access to an account or essential financial services,” the report noted. PwC Champions Blockchain for […]

Social media post published by X boss Elon Musk caused enthusiastic response by crypto community, and XRP army in particular

It appears financial services giant Block is closer to going public with its first Bitcoin hardware wallet product. Teased yesterday by a beta tester, the images offer a first glimpse of Block’s new Bitcoin hardware wallet, first announced in 2022, and reveal a small hexagon-shaped device complete with a fingerprint censor, which adds an extra layer of […]

Decentralization could help bring scientists in underfunded fields and locations to the table without requiring relocation or reemployment

Bankrupt digital asset lender Celsius Network intends to start repaying creditors using billions of dollars in crypto assets before the end of the year. In a recent US bankruptcy court filing, Celsius has presented a restructuring plan that will generate funds for a new corporate spinoff, dubbed “NewCo,” and repay customers. Says the filing, “Notably, […]

A substantial amount of $4.1 billion worth of FTT tokens was moved between FTX and Alameda Research before the cryptocurrency exchange collapsed. As former FTX’s CEO Sam Bankman-Fried faces a series of charges linked to the exchange’s downfall, a recent report by Nansen has revealed questionable transactions involving FTX and its hedge fund, Alameda Research. […]

In the world of cryptocurrency, where volatility reigns supreme, stablecoins are emerging as a game-changer for risk-conscious investors.

Anthropic, an Artificial Intelligence firm, has recently secured new funding from notable investors, including Google, an investment that might prove to be beneficial to FTX creditors.  Interestingly, this news carries positive implications for creditors of the cryptocurrency exchange FTX which has been scrambling to recoup funds to make payouts to the exchange’s previous customers.  Considering […]

On Wednesday, Ripple Markets APAC Pte Ltd announced that its Singapore subsidiary has successfully obtained a payments license from the Monetary Authority of Singapore (MAS) to operate in the city-state without transaction thresholds. This license represents a significant milestone for Ripple, allowing it to provide regulated digital payment token services in the city-state. MAS Approves […]

Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. This rally, which began in late September, has propelled ADA’s price up by more than 10% in just one week, measured from its lowest point to the recent peak. Although ADA experienced a retracement in the past few […]

“His girlfriend will tell you how they stole money together,” said Assistant U.S. Attorney Thane Rehn in an opening statement about the former FTX CEO.

BitMEX founder Arthur Hayes believes Bitcoin’s (BTC) bull market will reignite after one event plays out. Hayes tells his 395,700 followers on the social media platform X that the Federal Reserve will likely start printing money again, which will send Bitcoin soaring. One signal that the Fed will need to pivot and prop up the […]

Crypto trader Nicholas Merten is detailing a key target that Bitcoin (BTC) must reach in order to confirm a bull market. Merten tells his 512,000 YouTube subscribers that Bitcoin is likely to undergo a steep correction if it fails to break above the range it has been trading in for about six months now. “If […]

Bitcoin got mention on recent ‘Good Morning’ show episode by Hollywood celebrity

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. If Recession, Then Not Inflation Last week, I wrote about the Fed Funds Futures curve, concluding […]