The Hong Kong government says the recent $165 million alleged scandal involving crypto exchange JPEX won’t stifle its Web3 vision for the region. In a Nov. 2 keynote at Hong Kong Fintech Week, the region’s Secretary for Financial Services and the Treasury Christopher Hui said the saga hasn’t affected the government’s plan. “We’ve been asked many times whether JPEX will…
Month: November 2023
Solana gains 80% in a month as Firedancer goes live on testnet
Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the testnet launch of the blockchain’s loawaited scaling solution Firedancer. SOL reached over $41 on Nov. 2 touching highs it hasn’t seen since August last year, Cointelegraph Markets Pro data shows. Long touted as an “Ethereum killer” — SOL has vastly…
Celebs Like Scarlett Johansson Declare War on AI Deep Fakes—Are They Doomed?
Scarlett Johansson’s attorneys announced Wednesday that the actress plans to take legal action against an AI company that used her name and likeness in an ad without permission—adding the A-lister to a growing faction of stars and politicians frustrated by the proliferation of AI-crafted imposters. But as public figures begin attempting to stamp out deceptive online impersonators via the court…
MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge
Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter. Source: https://cointelegraph.com/public/index.php/news/microstrategy-bitcoin-play-up-nearly-a-billion-amid-btc-price-surge
MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge
Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds. The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results filing. In October, @MicroStrategy acquired an additional 155 BTC…
Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens
Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve, the Securities and Exchange Commission and BlackRock line up…
What’s Driving the Solana Rally?
Solana rallied over 24% during the past 24 hours, hitting $45 at its peak. More impressive: It’s up nearly 80% in the past 30 days. On the face of it, analysts say we’re seeing a classic short squeeze. But driving that is a narrative that basically says that Solana is not only as good as Ethereum—it promises to replace it. For…
‘That’s fraud,’ prosecutors say in closing arguments at Sam Bankman-Fried trial
The U.S. government delivered its closing arguments in New York in an effort to convince the jury that SBF is guilty of fraud and conspiracy to commit fraud. Source: https://cointelegraph.com/public/index.php/news/thats-fraud-prosecutors-closing-arguments-sbf-trial
SafeMoon executive team charged with multiple fraud counts, arrests made
According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle. Source: https://cointelegraph.com/app/public/index.php/news/safe-moon-executive-team-charged-multiple-fraud-counts-arrests-made
SafeMoon executive team charged with multiple fraud counts, arrests made
According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle. Source: https://cointelegraph.com/public/index.php/news/safe-moon-executive-team-charged-multiple-fraud-counts-arrests-made