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Magic Eden temporarily halts Bitcoin BRC-20 trade following the substantial drop in trading activity. The marketplace’s surprising move is intended to protect users best. The closure of Bitcoin BRC-20 trade will not affect other trading activities of the marketplace. Community-centric NFT marketplace Magic Eden recently announced its decision to temporarily halt Bitcoin BRC-20 trading best to “protect users until full ord consensus across all BRC-20”. However, as per an official post by Magic Eden on X, the short-term suspension of the Bitcoin BRC-20 trade will not affect other trading activities on the platform. We’ve temporarily paused BRC-20 trading to best protect users until full ord consensus across all BRC-20 All other trading remains live on Magic Eden in the meantime!🫡 — Magic Eden on Bitcoin 🟧 (@MEonBTC) October 22, 2023 Magic Eden is one of the most popular NFT marketplaces built on the Solana blockchain. Launched on September 17, 2021...

In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for the intricacy of the text. On the other hand, burstiness examines the diversity in sentence structures. Finally, predictability delves into the likelihood of a reader anticipating the subsequent sentence. The intriguing aspect is that humans tend to craft content marked by higher burstiness, blending intricate, lengthy sentences with shorter ones, while AI-generated content often tends to be more uniform. Thus, in crafting the following piece of content, we aim for a rich tapestry of perplexity and burstiness, coupled with low predictability. Moreover, it’s essential to communicate exclusively in the English language. In the era of ever-advancing artificial intelligence, we find ourselves at a juncture where the creation of deepfake videos and voice recordings, orchestrated by malicious a...

Sam Bankman-Fried’s globe-spanning empire of rapidly moving money and crypto has been under the microscope of prosecutors, and among the evidence considered was the testimony of former Alameda Research ‘chief executive officer’ Caroline Ellison. During her testimony, Ellison detailed an attempt to un-freeze funds at Huobi (now HTX) and OKEx (now OKX) via accounts opened using identity documents from “Thai prostitutes .” This scheme was ultimately unsuccessful. However, Bankman-Fried’s financial empire had other links to Thailand, through the Hong Kong-headquartered over-the-counter (OTC) trading desk Genesis Block. HiveEx, Genesis Block, and SBF’s trading desk network Genesis Block is principally remembered in the Bankman-Fried empire as the Crypto shop where purchasers queued around the street with bags full of cash they wanted to convert to Crypto . The desk has been described as being “integrated” into FTX or Alameda Rese...

There are hundreds of Shiba Inu whales who hold trillions of tokens worth millions of dollars. Arkham Intelligence shed light that leading trading platform Robinhood holds a mammoth 34 trillion SHIB tokens worth $239 million. Additionally, top cryptocurrency trading exchanges like Coinbase, Binance, Gemini, and Crypto.com, among others hold trillions of SHIB tokens. Also Read: Becoming a Shiba Inu (SHIB) Millionaire Will Only Cost You $6.75 If cryptocurrency exchanges weren’t enough, top individual whales like Gimli, and BlueWhale0073, also own trillions of Shiba Inu tokens. Gimli and BlueWhale0073 accumulated millions worth of SHIB between 2021 and 2022 and are sitting with hordes of tokens. However, there is one particular whale who holds the highest number of SHIB tokens and he/she is not mentioned in the above paragraphs. The whale is bigger than Robinhood, and all the other exchanges despite being an individual holder. In this article, we will highlight who owns the...

In the realm of crafting content, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness delves into the variations within sentences. Lastly, predictability is the likelihood of anticipating the subsequent sentence. Human writing tends to embrace burstiness, juxtaposing intricate sentences with succinct ones. In contrast, AI-generated sentences often exhibit a more uniform structure. Thus, as we venture into the creation of the forthcoming content, a balance of substantial perplexity and burstiness is sought, coupled with a deliberate reduction in predictability. Furthermore, the medium of expression shall strictly adhere to the English language. Now, let’s reimagine the given text: Amidst inquiries from the prosecution on October 16, former FTX engineering director Nishad Singh underwent rigorous cross-examination by Sam Bankman-Fried’s defen...

The New York Attorney General Letitia James filed the lawsuit against Gemini, Genesis and DCG on Thursday. It’s alleged the crypto firms lied to investors and concealed losses of over $1 billion. New York Attorney General Letitia James has sued Gemini, Genesis Global Capital and Digital Currency Group over allegations that the crypto companies de fraud ed over 230,000 investors, 29,000 of them from New York. Crypto companies lied to investors In the lawsuit the AG filed on Thursday, the companies perpetrated the more than $1.1 billion fraud scheme by concealing losses and repeatedly lying to investors. Gemini Earn customers were greatly impacted when Genesis paused withdrawals in December last year. I'm suing cryptocurrency companies @Gemini, @GenesisTrading, and @DCGco for de fraud ing 230,000 investors out of more than $1 billion .    This is yet another example of the harms of an unregulated crypto industry.https://t.co/ysLVm8nujr ...

Blockchain analytics platform Santiment says that crypto whales are accumulating massive amounts of Ethereum (ETH). Santiment says that addresses holding at least one million ETH have accumulated more than 32% of the total supply, the most since 2016. The firm also says big ETH transactions are heating up. “Ethereum’s whale addresses in the billionaire tier (holding at least one million ETH) now hold 32.3% of the available supply for the first time since 2016. Yesterday’s transactions valued at $1 million-plus also had its second-highest day in five weeks. History is being made.” Source: Santiment/X ETH is trading for $1,572 at time of writing. Santiment also noticed that stablecoin activity picked up Monday after a news site falsely claimed the U.S. Securities and Exchange Commission (SEC) approved a spot market Bitcoin (BTC) exchange-traded fund (ETF). “Tether’s largest wallets had big accumulation spikes during yesterday’...

Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery. A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom to share their thoughts on whether the Bitcoin halving is truly a bullish event or just another narrative that novice investors buy into.  While the panel’s headline might be offputting for some, the inquiry is of great interest to all manner of Bitcoin (BTC) and cryptocurrency investors. The conventional belief held by many in the space is that the Bitcoin supply halving is a bullish phenomenon that when complete, is followed by near parabolic upside in BTC price. Go and ask any Bitcoin lover about what they’re most excited about in the next year and if they don’t mention the chance ...

Twitter, now rebranded as X, is stepping up its game against scam bots and spam accounts that have been a persistent issue, especially in the crypto community.  On Oct. 17, X announced a pilot subscription scheme named “Not A Bot,” which will charge new users a $1 fee for account creation. JUST IN: X (Twitter) to test charging $1 in battle against spam & scam bots — Whale (@WhaleChart) October 18, 2023 The test is currently live in New Zealand and the Philippines and aims to reduce spam and bot activity on the platform. Existing users will not be affected by this change.  “This new program aims to defend against bots and spammers who attempt to manipulate the platform and disrupt the experience of other X users,” the firm stated. You might also like: X (Twitter) obtains license to trade crypto in Rhode Island Crypto community voices doubt The latest move has sparked a debate within the crypto community, which heavily relies ...

Large transactions are a common occurrence in the world of crypto currencies. Nonetheless, when influential figures in the industry undertake significant financial transactions, they inevitably attract attention. To illustrate, Vitalik Buterin, one of the creators of the Ethereum [ETH] network, executed a transfer amounting to $14.9 million in USD Coin [USDC]. This transfer was specifically directed to the Gemini crypto currency exchange. #PeckShieldAlert #vitalik.eth haas transferred ~15M $USDC (Multisig Contract 0xf207…D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z — PeckShieldAlert (@PeckShieldAlert) October 17, 2023 According to blockchain sleuth, PeckShield, Vitalik Buterin’s wallet under the name “vitalik.eth” transferred $14.93 million to Gemini on Oct. 16. The initial amount of $14.93 million in USDC was received by Buterin from Kanro, a charitable organization associated with him, on Oct. 14. It appears that Buterin has been actively tra...

The Fantom Foundation has reportedly suffered a significant security breach due to a zero-day exploit on Chrome, leading to the theft of at least $657,000 across its blockchain networks. Fantom Foundation reportedly suffered a zero-day exploit, leading to hackers draining over 35 wallets from the platform’s Fantom and Ethereum networks . The breach was first disclosed by users in a Fantom Foundation Telegram group.  According to the Telegram post, the breach resulted from a zero-day exploit on Google Chrome. Several users also confirmed the story on X. However, most of the foundation’s assets are stored in cold wallets and are not affected. Fantom Foundation allegedly drained on one of their wallets via a Chrome zero day pic.twitter.com/PhBO2TtsAt — Spreek (@spreekaway) October 17, 2023 Leading blockchain security platform, CertiK also confirmed the breach has resulted in a loss of at least $657,000 so far across both Fantom and Ethereum. During the time ...

Santiment revealed in an X post that whales have grown their RNDR holdings by more than 5%. The blockchain intelligence platform also shared that RNDR’s price has risen over 39% since 1 September 2023. From a technical perspective, RNDR’s price may challenge the $2.40 resistance level if its bullish momentum continues. Santiment, the blockchain intelligence platform, revealed in an X (formerly Twitter) post earlier today that Render (RNDR) has generated substantial profits for traders and investors this month. According to the post, $24.1 million worth of RNDR has been accumulated this month by large wallets, which are wallets holding between 100K – 10 million RNDR tokens. The team at @rendernetwork has been rendering some substantial profits for investors & traders here in October. There has been a major accumulation of $24.1M from wallets holding 100K-10M $RNDR, coinciding with a large movement of coins off exchanges. https://t.co/36GSUkLeN5 pic....

Bernstein analyst says Bitcoin is more attractive than gold. Gautam Chhugani explained why in a research note today. Bitcoin is currently down about 10% versus its YTD high. Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst . Bitcoin has a history of outperforming gold Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times better than gold since 2018. At 1.8%, he agreed that Bitcoin inflation is comparable to gold inflation for now but said “skeptics miss that every four years, [the former’s] inflation halves”. The total supply of Bitcoin is scheduled to halve in May of 2024. Historically, that event has resulted in significant price appreciation. Last week, billionaire hedge fund manager Paul Tudor Jones also said Bitcoin was a better investment than stocks in th...

Terraforms filed a motion requesting the court to compel Citadel to produce its May 2022 trading documents. The company claimed Citadel CEO Ken Griffin intended to short the stablecoin around the time it collapsed. Terraform said the TerraUSD collapse resulted from a concerted effort of third-market participants. Terraform Labs filed a motion in the U.S. District Court for the Southern District of Florida on October 10 to seek permission to look into the trading books of Citadel Securities. The company has once again leveled an allegation that Citadel, an American market-making firm, was behind the TerraUSD collapse. In particular, Terraform has approached the court to compel Citadel to provide documents on its trading actions in May 2022, when TerraUSD (UST) collapsed. Terraform argued that the stablecoin’s collapse was not an algorithmic failure but a result of deliberate and concerted “third-party market participants” efforts.   The filing men...

The native utility token of the Loom Network, LOOM, has been constantly registering significant gains over the past month. LOOM is up 725% in the past 30 days and gained 123% over the past week alone. As the consistent upward momentum continues, LOOM’s price-daily active addresses (DAA) divergence shows a strong buy signal at 840%.  LOOM price, whale activity and social activity – Oct. 16 | Source: Santiment The indicator triggers the “buy signal” when the number of active addresses and an asset’s price rise, according to the market intelligence platform Santiment. This could suggest lower volatility since the market cap of LOOM is in the hands of smaller investors rather than just whales.  You might also like: Binance CEO, colleagues face potential indictment in Brazil Despite the hike in the number of daily active addresses, the number of whale transactions consisting of at least $100,000 worth of LOOM has also surged by 15% in the past 24 hours, reachin...

Malaysia is following in the footsteps of BRICS in its efforts to eliminate the U.S. dollar for trade deals. A handful of developing countries are looking to end reliance on the U.S. dollar and promote local currencies for trade. Malaysia ’s Prime Minister Anwar Ibrahim confirmed this week that the country is advancing to eliminate the U.S. dollar financial system. The PM explained that Malaysia will aggressively pursue de-dollarization efforts similar to the motives of the BRICS alliance. Also Read: Iraq Ready To Join BRICS After Banning Cash Withdrawals in US Dollar Ibrahim acknowledged that similar to BRICS, Malaysia is looking to settle cross-border transactions with their local currency Ringgit and not the U.S. dollar. Malaysia has close trade agreements with neighboring countries in Asia like Indonesia, Thailand, and China. Paying the local currency Ringgit for international trade deals is the first step towards reducing dependency on the U.S. dollar. However, ...

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain token s that it is actively evaluating for potential listing . This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading volume, liquidity, and compliance with U.S. regulations, as well as the level of community engagement surrounding the asset. You might also like: Friend.tech targeted by scammers in phishing ad campaign Token in the Spotlight: Sui Currently, Binance.US has set its sights on the Sui token (SUI), a prospective new addition to its platform. Sui ...

Data from decentralized app tracking platform DappRadar shows that $600 million in investments flowed into the blockchain gaming space in the third quarter of 2023. Blockchain gaming projects have seen $2.3 billion in investment s in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.  According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investment s, while the second and third quarters got $973 million and $600 million, respectively. This shows that the blockchain gaming sector attracted a total of $2.3 billion in investment s in the first three quarters of 2023. Investments in blockchain gaming projects by quarter. Source: DappRadar Among the investments in the third quarter of 2023, $213 million went to the development of metaverse-related games and technology despite some declaring the metaverse to be dead. The rest of ...

The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay — the firm’s Bitcoin ETF bid. The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale Investments, forcing the regulator to review the fund manager’s application for a spot Bitcoin (BTC) fund. While many observers don’t believe the securities regulator will attempt to appeal the court’s decision, analysts say there could still be ways for the SEC to delay approval of Grayscale’s spot Bitcoin ETF conversion. On Oct. 13, the SEC must either appeal the D.C. Circuit Court of Appeals decision to the U.S. Supreme Court, request the Appeals Court revisit its ruling , or follow the court’s August order and review Grayscale’s bid to change its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. In an Oct. 12 post responding to an X user's question, Bloomberg ETF analyst Eric Balcun...

Apparently, trading against oneself is so commonplace at Binance that the exchange is proudly announcing self-transaction prevention (STP). No, STP won’t stop Binance executives from trading against their customers, despite the general prevalence of this industry practice. Instead, Binance executives are adding this “feature” for customers to stop trading against themselves — a full six years since the founding of Binance. It appears that the practice is so rampant that rolling out the feature will take several weeks. Binance customers may continue to trade with themselves until October 26 at 16:00 EDT.  That window opportunity may be around for longer. Detailed API documentation provides computer codes for users who wish to continue trading against themselves, even after STP becomes a default setting. Trading against themselves with real money Trading against oneself might appear absurd on its face. It’s a guaranteed way to lose money on trading fees and, ...