Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the past several days. The US government […]
Chainlink (LINK) maintained stability above $21 and occasionally tested the $22 level during early October. Midway through the month, LINK’s price dropped sharply amidst the devastating market downturn last week, and broke below $18, briefly dipping to about $16. Although there were a few recovery attempts, the asset could not regain its earlier momentum. However, […]
Tucker Carlson has claimed that the Central Intelligence Agency (CIA) created Bitcoin (BTC), saying the mystery around its founder, Satoshi Nakamoto, makes him distrust the cryptocurrency. Speaking at a Turning Point USA event on October 22, the Conservative commentator said he would never invest in Bitcoin because he believes it was designed by financial elites […]
The US government’s economic data blackout continues, with the shutdown entering day 23. There has been no September jobs report, any key inflation data, or initial jobless claims for weeks. Additionally, the Fed has lost access to key private jobs data from ADP, covering 20% of private workers, reported the WSJ and Kobeissi Letter. “The […]
Cryptojacking Scandal: Ex-Digital River Worker Exploited Company Systems for Personal Ethereum Gains
A former Digital River employee has been ordered to pay more than $45,000 back to his previous employer after unlawfully using company computing systems to mine cryptocurrency. Joshua Paul Armbrust, 45, was sentenced Tuesday to three years’ probation by US District Judge Jerry Blackwell, following his April guilty plea to a felony computer fraud charge. […]
A flood of new crypto fund proposals is poised to hit the market, with 155 exchange-traded product filings waiting for regulatory approval. According to industry data from October 21, this wave could introduce over 200 new funds tracking 35 different digital assets within the next year. The Coming Wave of Crypto Funds Eric Balchunas, a […]
Bealls, a 110-year-old US retail chain with over 660 stores nationwide, has announced a new partnership with digital payments firm Flexa to enable in-store cryptocurrency payments. With this integration, Bealls becomes the first national retailer to accept digital currencies from any crypto wallet across more than a dozen blockchains at once. The announcement marks Bealls’ […]
Ethereum co-founder Vitalik Buterin stepped in following public remarks from Polygon co-founder Sandeep Nailwal, as he attempted to provide an acknowledgment of both the project and its leadership. Nailwal expressed frustration with Ethereum’s community, but said he remained loyal, even as he faced criticism over Polygon’s classification. Inside Ethereum Power Struggles In response, Buterin highlighted […]
Ripple’s (XRP) rebound above $2.5 just days after dropping below $1.90 was rather short-lived as it currently trades near $2.4. Data now suggests massive whale movements toward Binance confirm profit-taking and panic-selling patterns. XRP Holders Unload Their Bags Since the start of October, XRP whales have shown a notable change in behavior amidst growing selling […]
Evernorth Holdings Inc., a newly formed Nevada corporation that aims to enable institutional adoption of Ripple (XRP), has officially launched and entered a business combination agreement with Armada Acquisition Corp II, a publicly traded special purpose acquisition company (SPAC). The company said it will combine public market access with an active treasury model to offer […]