Month: October 2024

According to Ben Zhou, founder and CEO of crypto derivatives platform Bybit, content creators play a vital role in the crypto ecosystem. Besides helping inexperienced investors and traders avoid steep losses, crypto content creators can also attract billions of people unfamiliar with or skeptical about cryptocurrencies. Rapid Industry Changes Create Information Overload However, in written […] Source: https://news.bitcoin.com/bybit-ceo-celebrities-should-avoid-giving-direct-crypto-investment-advice/

Artificial Intelligence and Web3, are powerful technologies which when combined can create smarter and more decentralized systems, Mario Casiraghi, the co-founder of Singularity DAO, has asserted. Although both technologies have developed separately, Casiraghi argues that their combined strengths can help address limitations like centralized control and data inefficiencies. Clearer Regulations Could Boost AI and Web3 […] Source: https://news.bitcoin.com/blockchain-expert-clearer-regulations-can-boost-ai-and-web3-adoption/

A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s […] Source: https://news.bitcoin.com/chainalysis-latam-report-highlights-major-crypto-growth-milestone-in-surprising-nation/

BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states, signaling a strategic shift to reduce dependency on Western financial systems. The trend has accelerated due to sanctions […] Source: https://news.bitcoin.com/brics-slashes-us-dollar-and-euro-transactions-to-below-30/

Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close […] Source: https://news.bitcoin.com/peter-brandt-warns-of-potential-75-bitcoin-decline-if-all-time-high-stays-out-of-reach/

Crypto derivatives exchange Bitnomial is suing the U.S. Securities and Exchange Commission (SEC) over its authority to regulate XRP futures, challenging the classification of XRP as a security. The exchange, overseen by the Commodity Futures Trading Commission (CFTC), contests the SEC’s claim that XRP futures are “security futures” and aims to set a precedent affecting […] Source: https://news.bitcoin.com/secs-authority-over-xrp-futures-challenged-in-bitnomial-lawsuit/

Heather Morgan, known by her rap persona “Razzlekhan,” could land an 18-month prison sentence after pleading guilty to laundering cryptocurrency linked to the 2016 Bitfinex hack. Prosecutors described her role as pivotal in obscuring stolen bitcoin through complex schemes, despite not being part of the original theft. Her cooperation, and the influence of her husband, […] Source: https://news.bitcoin.com/prosecutors-recommend-18-month-prison-term-for-heather-morgan-in-bitfinex-hack-case/

The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement, […] Source: https://news.bitcoin.com/sec-hits-market-makers-with-fraud-charges-for-misleading-crypto-investors/