This week’s Crypto Biz looks at BlockFi’s emergence from bankruptcy, BlackRock’s spot Bitcoin ETF developments, Worldcoin’s operator payment scheme upgrades and more.

Bitcoin’s price has expanded considerably throughout the past week, charting an increase of around 15%. We take a look at some of the important technical levels and whether or not the rally has any future potential. Technical Analysis By Shayan Recently, Bitcoin made a decisive breakout above the crucial 100 and 200-day moving averages and […]

Two massive chunks of XRP have been transferred from anon wallets to major exchanges located in opposite parts of world

The NFT market, one of the most interesting phenomena in the crypto world, faces an unprecedented challenge in October 2023. Data from Dune Analytics reveals that monthly sales on Ethereum and Polygon-based NFT marketplace giant OpenSea have fallen to all-time lows. This decline has been a consistent trend since the first quarter of the year, […]

The fifth bullish cycle of Bitcoin could be very close, driven by a growing interest from institutional investors who see the cryptocurrency as a valuable addition to their asset portfolios Throughout Bitcoin’s history, each bullish cycle has been marked by unique stories and contexts, and this time is no exception. This new Bitcoin bull market […]

The recent outcome of the 1st round in the elections in Argentina, will send Sergio Massa and Javier Milei into the 2nd runoff round. Javier Milei a Libertarian recently entering the political arena as an outsider, will compete for the presidency with Sergio Massa, the current Minister of Economics, running for the incumbent and rebranded […]

SOL, the native token of the Solana blockchain, has been one of the biggest winners in the crypto market lately, delivering another positive price performance over the past week. This impressive price action reflects the increased interest in the altcoin and the recent shift in the climate of the general crypto market.  Interestingly, asset management […]

A total of $37.56 million is being given away in a pair of guaranteed income programs in two of the nation’s major metropolitan areas. A program called Breathe is expanding in Los Angeles county, with the initial aim of giving $1,000 a month to 1,000 people who are struggling to make ends meet over the […]

Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November and December, according to multiple customer emails shared with Cointelegraph. In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we are meeting […]

Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY. In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action against LBRY in March 2021. In November 2022, a judge ruled in favor of the SEC, stating […]

The Bloomberg Billionaires Index has revised its revenue estimate for the cryptocurrency exchange Binance, reducing it by 38% as data showed a decline in trading volumes this year. This revision has had a significant impact on the wealth of Binance’s founder, Changpeng Zhao, widely known as CZ, whose fortune has been reduced by $11.9 billion, […]

Which Cryptocurrencies Were Involved? What Happened? Guarding Your Investments Lessons From A Cryptocurrency Scam Victim Who Lost £300,000 Adobe Stock.

Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims.

Check out all the important news over the past day in U.Today’s latest digest!

The popular meme asset Dogecoin (DOGE) is surging this week as billionaire Elon Musk reportedly aims to launch financial services on the social media platform X by the end of next year. According to a new report by The Verge, the business magnate says he expects X’s comprehensive financial features to roll out by the […]

One of the biggest banks in the US reportedly refused to reimburse a customer despite security footage showing a criminal stealing cash from an ATM. Then, the media got involved. Berkeley resident and Bank of America customer Kyle Fischer says he recently noticed money had mysteriously vanished from his account, and he promptly alerted the […]

[PRESS RELEASE – Dubai, United Arab Emirates, October 28th, 2023] Zeebu, the pioneering Web3 Neobank for Telecoms, is elated to share a development with its loyal community. Zeebu is thrilled to announce its forthcoming listing on BitForex, a prominent global cryptocurrency exchange, This development marks a significant stride for Zeebu ($ZBU) community and the Telecom […]

Monetary Debasement Debasement refers to the action or process of reducing the quality or value of something. In relation to money, it traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has evolved […]

The price of Bitcoin stands firm around the critical area of $34,000, hinting at further bullish potential. However, market analysts wonder if enough clues point to the upside or if BTC will return to $20,000. As of this writing, BTC trades at $34,150 with sideways movement in the last 24 hours. The cryptocurrency recorded a […]

Backed, a platform that tokenizes real-world assets, has integrated Chainlink’s Proof of Reserve (PoR) technology to enhance the security and transparency of its smart contracts. This integration allows users to verify in real time that the assets backing Backed’s tokens are fully collateralized and audited. Backed is a Swiss-based company that specializes in creating blockchain-based […]

According to CCData, the value of Bitcoin surged by 7.56%, reaching a peak of $35,000, driven by a wave of interest and speculation. In October, six ETFs based on Ethereum futures were introduced to the market, opening up new opportunities for investors. Shortly after the introduction of these ETFs, Bitcoin saw a price increase, surging […]

Kraken has appointed Bivu Das as the Managing Director for the UK. He brings nearly two decades of experience in commercial enterprise and fintech strategy development to his new role. His appointment happens when the cryptocurrency exchange is expanding its services in the region. Before joining Kraken, Das co-founded a crypto startup that focused on […]

Sam Bankman-Fried, founder of collapsed crypto exchange FTX, took the stand without the jury present to preview his potential defense.

According to customer emails, the changes will go into effect starting Nov. 30.

During his testimony on Friday, Sam Bankman-Fried told the court that he intended to sell FTX to cryptocurrency exchange Binance when the firm was in its infancy. As Bankman-Fried worked with FTX co-founder Gary Wang in 2019 to construct the now-bankrupt exchange in Hong Kong, he said he already knew he wanted it to specialize […]

People and businesses are withdrawing billions of dollars in deposits from US banks as a new survey details concern on the state of the financial sector. The latest numbers from the Federal Reserve Economic Data (FRED) system show that deposits in all US commercial banks suffered a $100 billion decline in three weeks – from […]

Crypto analyst Justin Bennett is issuing a warning on Bitcoin (BTC) as the flagship crypto asset making double-digit gains over the past week. Bennett tells his 110,800 followers on the social media platform X that Bitcoin could correct by 54% from the current level based on the historical correlation between BTC and stocks. According to […]

Shiba Inu (SHIB) price cools off despite burn rate staying elevated

October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States. As a result, the total […]

Commodity money is a form of money that derives an intrinsic value from its underlying commodity and the supply and demand dynamics. Gold and silver have been accepted as commodity money for centuries because of their scarcity and desirability. Commodity money has some inherent limitations, such as the challenge of transportation and storage of larger […]

Gareth Soloway, an analyst and Chief Market Strategist at InTheMoneyStocks.com and President of VerifiedInvesting.com, has recently dived deep into the dynamics and offers a glimpse into Bitcoin and its future. Bitcoin’s rally, which boasts a 30% uptick in the past fortnight, has reignited the bullish sentiments within the crypto community. This performance has been linked […]

The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations.