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Bitcoin faces a watershed moment thanks to an inflammatory cocktail of inflation spurred by war — and a $1 million BTC price is still possible, the former BitMEX CEO says. Bitcoin (BTC) faces a “ trigger ” moment which keeps a $1 million BTC price tag in play, one of its household names says. In a blog post titled “The Periphery” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is already warning markets about the future. "Global wartime inflation" to drive Bitcoin, gold price With the United States increasingly invested in two new wars, the risk of escalation worldwide is growing, Hayes believes. The timing is conspicuous — the U.S. Federal Reserve faces persisting inflation but has halted interest rate hikes, and a so-called “bear steepener” looms for the economy. “The structural hedging needs of banks and the borrowing needs of the US war machine reflexively feed on one another in the US Treasury market,” he wrote. “If long-term U...

ARK Invest is trimming its stake in the Grayscale Bitcoin Trust (GBTC) amid mounting speculation that the long-awaited approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. could come soon. According to a recent trade notification viewed by CoinTelegraph, the New York-based asset manager sold 100,739 shares in GBTC worth over $2.5 million from its ARK Next Generation Internet ETF (ARKW). This marks ARK’s first reported GBTC transaction since last November when the firm added 450,272 GBTC shares valued at $4.5 million to the fund. Also read: Polygon (MATIC) Price Prediction: October End 2023 The latest sale reduces Ark Invest’s GBTC stake to 10.4% The latest sale reduces Ark Invest’s Grayscale GBTC stake to around 10.4% of the ARKW portfolio’s total assets, down from roughly 12% previously. Even so, GBTC remains ARKW’s largest holding, followed by Coinbase and Roku shares. ARK’s move comes as GBTC hit multi-month highs ...

SOL broke the $30 resistance, thanks to an increase in buying pressure after a previous rejection at the region. SOL needs the $23.38 support to avoid a drawdown below $28 in case of a likely sell pressure. Should SOL reverse, an entry between $26 to $28 might be good for the run to $35. Solana (SOL) broke the $30 psychological resistance as the price increased by 4.45% in the last 24 hours. The breakthrough stamped SOL’s stay as the cryptocurrency with the highest gain in the previous seven days out of the top 10 assets per market cap.. Previously, precisely on October 22, SOL interacted with the $30 price level. But the price action met a solid resistance. This resulted in a pullback to $28.10. However, the last 24 hours have been superb for SOL as shown on the daily timeframe. Sell-offs Are Likely According to the SOL/USD daily chart, bulls increased buying pressure, helping the token to ease past the resistance into $31.47. While there has been a ...

Bitcoin (BTC) price rose sharply to $35k, its highest price since May 2022. The skyrocketing prices came as new speculation about a spot Bitcoin ETF approval hit the market. Analysts say BTC could break to $40k or higher. Bitcoin price skyrocketed early Tuesday to hit highs of $35k for the first time in nearly 18 months. The BTC price’s sudden surge began late Monday when fresh news hit the market regarding the imminent approval of a spot Bitcoin ETF. Bitcoin skyrockets to $35k Unlike the previous ETF-triggered spike that faded just as quickly after it was the news was proved to be fake, this time BTC/USD smashed past the robust resistance at $32,800. The pump above this hurdle invalidated a bearish signal as the bellwether crypto asset to above $35k for the first time since early May, 2022. Analysts are predicting further gains to $40k if bulls hold prices above the $31k level. This outlook could indicate strength for bulls and set up BTC for another...

Blockaid, a startup specializing in advanced crypto security , has successfully raised $33 million in a Series A funding round, with Bessemer Venture Partners at the helm. The round also saw participation from existing investors such as Coinbase Ventures, Innovation Endeavors, and Aleph VC. Blockaid was founded in 2020 by a team of former Israeli intelligence and cybersecurity experts who saw the need for a more advanced and proactive approach to crypto security. The startup uses artificial intelligence and machine learning to analyze crypto wallets’ behavior and reputation and detect and prevent malicious activities such as fraud, money laundering, ransomware, and terrorism financing. You might also like: Israel finds new ally in crypto amidst conflict Blockaid’s platform enables crypto exchanges, banks, regulators, and law enforcement agencies to monitor and trace the flow of funds across different blockchain networks and to identify and block high-risk wa...

Bitcoin (BTC) eased past the psychologically important $30,000 level amid optimism over the imminent approval of spot Bitcoin ETFs after the Securities and Exchange Commission (SEC) dropped charges against two top Ripple executives last week. BTC was up 2% at $30,502 at 5:50am ET after ”Rich Dad, Poor Dad” author Robert Kiyosaki added to positive sentiment by tweeting that Bitcoin’s next stop is $135,000. Trading volume surged 27%. Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700. Bitcoin testing $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce. Savers of fake dollars F’d. Please tell your friends to “Wake up.”… — Robert Kiyosaki (@theRealKiyosaki) October 20, 2023 The dominant cryptocurrency is up almost 10% in a week with lawyer Jeremy Hogan further adding to positive sentiment when he tweeted that “For all Intents and Purpo...

Chainlink (LINK) price has surged more than 23% in the past week. On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. Chainlink (LINK) price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a positive broader crypto market. The price of LINK was up 13% in the past 24 hours and 23% in the past week at the time of writing. But as LINK price eyes a retest of the $10.00 level, analysts looking at on-chain data say traders are likely to benefit if they watch out for whale activity. Why has LINK price been soaring? Chainlink, whose oracle network is seeing staggering adoption, including after its Cross-Chain Interoperability Protocol (CCIP) went live, has been one of the top performers in the crypto market amid the latest bullish sentiment. According to on-chain analytics and smart money account Lookonchain, the surge in L...

Coinbase announces the delisting of five tokens due to non-compliance with listing standards. Affected tokens include CRPT, MXC, QSP, REN, and TONE, with a combined market valuation of $60 million. Coinbase reassures investors that despite delisting, their funds remain safe and accessible for withdrawal. Coinbase Exchange, the largest US-based centralized crypto trading platform, has embarked on a significant move that could impact multiple assets trading on its exchange. In particular, Coinbase has announced plans to delist five cryptocurrencies from its trading platform. The exchange communicated this decision in a recent statement on the X platform (formerly Twitter). We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), TE-FOOD (TONE) on November 3, 2023 at or around 2 PM ET. — Coinbase Assets ️ (@CoinbaseAss...

Bitget emerges resilient in Q3 2023, recording a significant 9.43% market share and exceptional performance for its native token BGB, despite challenging market conditions. Crypto derivatives and copy trading platform Bitget has weathered a challenging Q3 market with noteworthy resilience, according to its latest transparency report. While the overall industry saw a decline in spot and derivative trading volumes, Bitget’s market share climbed to an impressive 9.43% in September. Bitget's latest Transparency Report: Q3 saw growth in market share , $6.7M+ profitable trades via Copy Trading, 69 new assets & BGB in Top 5 platform tokens. $368M Protection Fund & 200% PoR ensures safety. Expansion to Middle East & focus on DeFi & Web3. https://t.co/FAbzqQIIB5 — Bitget Trading Club UK (@BitgetUK) October 20, 2023 Exceptional token performance Bitget’s native token, BGB, emerged as one of the top five platform tokens by market cap, registering a...

The DOJ and SBF’s defense lawyers drafted a set of jury instructions, estimating the impending decision of Judge Lewis Kaplan. The defense team highlighted the concept of “property”, arguing that it does not include “intangible interest”. The prosecutors argued against considering any evidence for SBF’s moral beliefs. The United States Department of Justice (DOJ) and defense lawyers of the ill-famed Sam Bankman-Fried recently drafted distinct sets of jury instructions, estimating the impending decision of Judge Lewis Kaplan, the federal judge responsible for the case. Both teams submitted the filings on Thursday evening as a result of long discussions and debates since before Bankman-Fried’s trial, incorporating the unique concerns of the respective attorney groups. Following the debacle of the once prominent crypto trading platform FTX, its former CEO, Sam Bankman-Fried was alleged to have misappropriated billions of customer funds for personal benefits....

1. Forge – Seed Date: October 19, 2023 Financing Amount: $11M Category: Others Subcategory: Gaming About Forge – Seed: Forge has successfully secured $11 Million in a Seed funding round. This round saw investments from notable players such as Makers Fund, BITKRAFT Ventures, and Animoca Brands. Other investors like Hashkey Capital, Polygon Ventures, Formless Capital, and Adaverse also participated. Investors: Makers Fund – Fund with 18 portfolio companies. BITKRAFT Ventures ( USA) – Fund established in 2017, with 42 portfolio companies. Animoca Brands ( Hong Kong) – Corporate investor founded in 2014, boasting 230 portfolio companies. Hashkey Capital ( Hong Kong) – Fund created in 2018 with 130 portfolio companies. [ contact@hashkey.capital] Polygon ( USA) – Corporate investor founded in 2017, with 106 portfolio companies. Formless Capital – Fund with 24 portfolio companies. Adaverse – Lab with 14 ...

BLUR’s bullish momentum pushes it to a 30-day high of $0.2278, with potential resistance at $0.2500. MACD shows growing bullish momentum, but a declining histogram hints at a possible reversal for BLUR. MFI indicates ongoing buying pressure, while RSI suggests a minor decrease in buying momentum for BLUR. Despite kicking off the day at an intra-day low of $0.1796, the Blur (BLUR) market bulls have had the upper hand over the previous 24 hours. As a result, positive momentum drove the BLUR price to a 30-day high of $0.2278 before a modest decrease. BLUR was trading at $0.1859, up 3.17% from its 24-hour low, at press time. If bullish momentum breaks over the $0.2278 barrier, the next resistance to monitor is around $0.2500. However, if the bullish trend fades, BLUR may find support around the $0.1800 level, where buyers may come in to halt further declines. During the price increase, BLUR’s market capitalization and 24-hour trading volume increas...

Finnish telecommunications company Nokia has announced that it will let go of 14,000 people as part of a cost reduction plan. The decision follows a plummet in the firm’s third-quarter earnings. The company also aims to increase operations efficiency to “address the challenging market environment.” Nokia aims to reduce its cost base on a gross basis from 2023 by $842.5 million and $1.26 billion by the end of 2026. This move will reduce the number of employees from 86,000 to somewhere between 72,000 and 77,000. Also Read: Google’s Parent Company To Lay Off 12,000 Employees Third-quarter net sales for the company fell by 20% year-on-year, reaching $5.25 billion. Moreover, profits plunged by 69% year-on-year, reaching $140 million. Sales from the company’s biggest mobile networks business division fell by 24% year-on-year, hitting $2.27 billion. Meanwhile, the mobile networks business’s operating profit fell by 64% year-on-year. According to Nokia , the fall ...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions on Buy Cash, a digital asset exchange located in Gaza used by Hamas for terror financing. Per a press release published on Oct. 18, the OFAC’s directive imposed sanctions on ten key Hamas members and financial cooperators across Algeria, Sudan, Turkey and Qatar. The treasury department cited a trail of transactions involving Bitcoin as authorities implement policies to choke off illicit funding via crypto . In September 2019, Buy Cash’s Bitcoin wallet received a Bitcoin transfer equivalent to over $2,000. The transfer was facilitated by a Türkiye-based money services business operator and al-Qa’ida affiliate. OFAC press statement The OFAC’s reference to trackable crypto transactions challenges the notion that crypto is a perfect tool for money laundering and terror financing. Such remarks were recently espoused by John Reed Stark, a former chief at the U.S. Securities and Exchange Comm...

The days of wasting hundreds of hours on a game and receiving almost nothing in return are over — and it's all thanks to NFTs and blockchain technology. Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physical golden egg. First came the console, then the humble PC. Smartphones soon came along and transformed the entertainment industry entirely — making games free to play, and putting them in the hands of consumers in emerging economies. Now, blockchain technology and nonfungible tokens (NFT) are ushering in the next wave of innovation. Once, in-game assets couldn't be transported from one title to another, traded freely with others, and sold on secondary markets. Web3 makes this possible — all while allowing avid players to receive recognition...

FCF Pay’s X account finds itself in a state of suspension due to the rampant spread of misinformation regarding its supposed “partnership” with Honda, an alliance that has never materialized. Honda, the prominent automobile manufacturer, does not accept cryptocurrency payments directly. However, individuals can still employ cryptocurrencies like Bitcoin as a means to acquire a Honda vehicle through third-party intermediaries. In early October, various publications erroneously claimed that Honda had begun embracing cryptocurrency as a valid payment method. Contrary to these reports, a Honda spokesperson clarified to Cointelegraph, saying, “American Honda does not accept cryptocurrency as a form of payment. The recent reports suggesting a shift in this policy are inaccurate.” When queried further about their stance on cryptocurrency or any prospective plans for integrating crypto payments, Honda chose not to provide additional comments. Despite the unavai...

Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account. Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency.  Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a known Fantom Foundation wallet. On-chain sleuth Spreek reported the attack on X (formerly Twitter) and estimated losses at $6.7 million. Security platform CertiK has estimated losses at only $657,000. The Foundation has yet to confirm the attack. total attacker profit (may not all necessarily be from fantom or related wallets) seems to be ~$6.7m pic.twitter.com/0rkDHULsdI — Spreek (@spreekaway) October 17, 2023 The Fantom Foundation is the developer behind Fantom network, an Ethereum Virtual Machine (EVM)-compatible smart contract platform. The network has over $45 million in assets locked within its contracts, according ...

Despite the hype surrounding cryptocurrencies, few people are using the digital asset for its intended purpose — payments. Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users. Leading crypto exchange Bybit wants to change that, promising to make using cryptocurrencies more convenient and rewarding for users. There are more and more companies accepting crypto currencies as a form of payment . While there has been some institutional interest, it hasn’t been enough for most businesses to start accepting digital currency transactions. As a result, it is difficult for a cryptocurrency user to make purch...