Local crypto-mining operators in Kazakhstan — the world’s third-largest market in terms of Bitcoin mining hash rate — are complaining about high energy prices to the country’s president. According to local media, eight major cryptocurrency mining operators signed an open letter to President Kassym-Jomart Tokayev. The list includes BCD Company, TT TECH Limited, KZ Systems,
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Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum futures ETF on Oct. 2, citing changes in the market. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We
Bitcoin (BTC) traded moderately higher on Oct. 3 after giving back $1,300 of gains into the daily close. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls slip at $28,600 Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $27,500. The pair unwound overnight, descending from six-week highs near $28,600 to bounce at
A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified
The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison. On Oct. 2, nine new ETF products, which are designed to track futures contracts tied to the value of Ethereum’s native currency Ether (ETH) arrived on
J.W. Verret is a Harvard-educated attorney who teaches corporate finance and accounting at George Mason University. His work has increasingly intersected with the cryptocurrency sector in recent years, as his legion of Twitter followers — who know him as “BlockProf,” or the Blockchain Professor — are poignantly aware. Aside from his work at GMU, Verret
As the largest cryptocurrency, Bitcoin (BTC) has always dominated the headlines and drives the mainstream hype around cryptocurrencies. In terms of performance, it’s no news Ethereum (ETH) has followed behind BTC in the past few years. However, according to crypto analyst Dave the Wave, Ethereum could outperform Bitcoin in the coming years. A Different Perspective
United States Commodity Futures Trading Commission (CFTC) chair Rostin Behnam highlighted his agency’s activity in the crypto sphere and the need for up-to-date legislation at the Financial Industry Association Expo 2023 event in Chicago. He described the CFTC Enforcement Division’s efforts as a “nonstop drumbeat.” In the text version of his keynote address to the
The United States legislators in the House and Senate came to a temporary agreement on Sep. 30 and averted a government shutdown for 45 days. This news could have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Additionally, the historically strong performance of Bitcoin in October could have boosted sentiment further.
Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin “upside wick” fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency
Pro-XRP legal expert John Deaton has again come for the US Securities and Commission’s (SEC) Chairman Gary Gensler in its battle against Ripple. This time, he questions Gensler’s competence and calls for his dismissal from the Commission. Gensler Doesn’t Know What Security Means In a tweet shared on his X (formerly Twitter) platform, Deaton stated that
A working paper published by the International Monetary Fund (IMF) proposed a count vulnerabilities and potential policy responses for the crypto sector. On Sept. 29, the IMF published a working paper titled “Assessing Macrofinancial Risks from Crypto Assets.” Within the paper, authors Burcu Hacibedel and Hector Perez-Saiz proposed a crypto-risk assessment matrix (C-RAM) for countries
Decentralized social media platform Friend.tech based on Coinbase’s layer-2 protocol Base has touched new heights in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, Friend.tech revenue has surged to 10,663 ETH and its TVL grew to over 30,000 ETH on Oct. 2. The recent boom in
More than $70 million in crypto shorts were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1. According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000
After rising about 80% in the first two quarters of 2023, Bitcoin (BTC) fell roughly 11% in the third quarter ending September. However, there is a silver lining for the bulls because they managed a positive monthly close in September, the first since 2016. Buyers will try to build upon this momentum in October, which
The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial might have the potential to elicit biased responses. In a court filing on September 29, lawyer Mark Cohen, representing Bankman-Fried, contends that the jury questions presented by the US government
Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools. In a September 30 blog post, Buterin issues a warning that as staking pools adopt the DAO approach for governance over node operators—who are ultimately responsible for the
Bitcoin (BTC) bounced around $27,000 on Sep. 29 as a challenge to month-to-date highs dragged BTC price action upward. BTC/USD 1-hour chart. Source: TradingView BTC price maintains overnight strength Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency attempting to hold gains after a classic “short squeeze.” The day prior offered a trip
The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. This will shed light on how these individuals viewed their interactions with Bankman-Fried and his company. The DOJ submitted a letter motion in limine on
According to recent information from Spot On Chain, an address linked to the FTX exploit identified as 0x3e9, has conducted transfers exceeding 10,000 Ether (ETH), worth roughly $17 million, across five different addresses since Sept. 30. The addresses had remained inactive for several months before the recent activity. A significant portion of the 7,749 ETH,
