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Ran Neuner thinks that Do Kwon should be jailed for a long time. Neuner expressed his disappointment with Kwon, after supporting him for a long time. Kwon was involved in an implicating email conversation with Daniel Shin. After recent findings, Ran Neuner, founder of Crypto Banter, thinks that Do Kwon, co-founder of the defunct Terraform Labs, should be jailed for a long time. Neuner posted this on X (formerly Twitter) while expressing his disappointment with Kwon, someone he claimed to have always supported. I always stood up for Do Kwon, assuming that he tried to change the money system and his his venture failed. After this, if true, he should rot in a prison! pic.twitter.com/M2BNrosHWb — Ran Neuner (@cryptomanran) September 30, 2023 According to Neuner, he always stood up for Kwon on the assumption that his intentions were genuine. The CNBC crypto trader said he thought Kwon genuinely tried to change the money system before his venture failed. Unkno...

Pond0x has recently announced a significant milestone, with its decentralized exchange (DEX) achieving a remarkable $100 million in cumulative trading volume. This noteworthy development was conveyed via a post on the official Pond0X channel’s social media account dated September 28th. The journey to this achievement, however, was not without its tribulations. Earlier, during the launch of Pond0X’s native token, PNDX, investors endured losses exceeding $2 million due to an unforeseen functionality that allowed unauthorized transfers of the token. It’s important to note, though, that supporters contend that these losses were not attributable to the project’s developers. As substantiation of Pond0X’s impressive trading volume, the official channel cited a Dune dashboard, thoughtfully created by a user known as Mogie. According to this dashboard, the total trading volume surpassed $111 million as of September 29th. The launch of the PNDX token on July 28th w...

Funds raised during this event will provide assistance to 4,000 individuals grappling with the burdens of cancer , as well as local residents in dire need of immediate, life-saving support . An NFT artist recently accomplished a remarkable feat by generating nearly $140,000 (equivalent to 114,000 British pounds) through an art exhibition held in the enchanting city of Edinburgh, Scotland, all in the noble pursuit of advancing cancer treatment. This extraordinary sum found its way to Maggie’s Edinburgh, a revered establishment passionately committed to offering free cancer treatment. The generous benefactor behind this monumental contribution was none other than Trevor Jones, a highly regarded crypto artist hailing from the picturesque landscapes of Scotland. Jones orchestrated a mesmerizing charity exhibition and auction, which unfolded amidst the grandeur of the annual Web3 Castle Party, nestled in the vicinity of Paris. According to the Maggie’s Edinburgh Fundraising team, Trevor...

Arkham now support s Flare, a blockchain that provides developers with low-cost, scalable access to a wide variety of distributed data sources. By working together, users of Flare will have access to Arkham’s Intelligence Platform for analyzing network data, the Arkham Oracle for gaining actionable on-chain insights, and the Arkham Intel Exchange for bidding on and winning different Flare-related bounties and auctions, as per the latest information shared with Finbold on September 29. Flare co-founder and CEO Hugo Philion said in a statement on the collaboration:  “Flare is the blockchain for data – the only blockchain optimized for decentralized data acquisition. It’s, therefore, only right that we provide network builders and participants with the best possible analytics tools to allow them to make proper data-driven decisions. Arkham’s platform is both powerful and user-friendly so we are happy they have chosen to support the Flare network. “ Arkh...

In a recent interview, Adam Back shares his bullish perspectives on Bitcoin. Previously, Back has placed a bet with Vikingo on Bitcoin surpassing $100k before the next Bitcoin Halving. The current bearish track of Bitcoin results from several factors, including the impacts of the pandemic and the Ukraine war. In a recent interview with the Bitcoin-focused entrepreneur Robert Breedlove, Adam Back, CEO of Blockstream and the inventor of Hashcash, shared insights on his positive outlook on Bitcoin (BTC). Reflecting on the growing Bitcoin revenue, he reiterated his bullish beliefs on BTC that the largest cryptocurrency would reach $100K before the upcoming Bitcoin Halving. Recently, the cypherpunk took to Twitter to bet that Bitcoin would reach or exceed $100,000 by the next halving scheduled for March 2024. Back placed the bet with the pseudonymous Bitcoin enthusiast, known as Vikingo on X (formerly Twitter), with the winner receiving 1 million satoshis or 0.01 ...

Crypto market analysts tend to interpret Bitcoin miners selling their of BTC rewards as bearish, but miners countered this logic in detail at the recent Bitmain WDMS conference. Crypto analysts, traders and anonymous influencer Bitcoin pundits on X (formerly known as Twitter) frequently interpret what Bitcoin miners do with their block rewards as a sentiment gauge for where BTC price might go.  According to the strategy, Bitcoin miner rewards sent to exchanges foreshadows pending sell pressure on Bitcoin price and possibly reflects distress among miners . Elements of this methodology were challenged by an assortment of publicly listed Bitcoin miners at last week’s Bitmain World Digital Mining Summit in Hong Kong. Bitmain WDMS panel on Bitcoin mining and renewable energy. Source: Cointelegraph According to Jeff Taylor, the Core Scientific EVP of Data Center Operations, “Core Scientific might be the poster child for the HODL strategy. We built a 10,000 Bitcoin hoard and we rode it up...

VanEck, a recognized name in financial investments, is gearing up to introduce the VanEck Ethereum Strategy ETF, also known as EFUT. EFUT is an actively managed fund investing in Ethereum (ETH) futures contracts, without direct exposure in the coin. When you’re ready, ENTER THE ETHER. The VanEck Ethereum Strategy ETF ($EFUT) is coming soon. Read our press release: https://t.co/4QPOVd5nB2 pic.twitter.com/vSF3HzMuvC — VanEck (@vaneck_us) September 28, 2023 The launch showcases a growing interest in the potential of Ethereum and the burgeoning desire to provide investors with instruments to gain exposure. EFUT diverges from the conventional approach to crypto ETFs since it is crafted not to directly invest in Ethereum or any other digital currencies. Instead, it will channel investments into standardized, cash-settled ETH futures contracts sourced exclusively from commodity exchanges endorsed by the Commodity Futures Trading Commission (CFTC). You might also like: US ...

“Challenging the SEC ’s request for his interrogation within the United States, Terraform Labs co-founder, Do Kwon, and his legal counsel have approached a federal court. They vehemently seek the rejection of the United States Securities and Exchange Commission’s ( SEC ) petition to interrogate Mr. Kwon on American soil, pertaining to the Terra ecosystem’s dramatic collapse. In a legal submission dated September 27th, Mr. Kwon’s legal team asserted that the SEC ’s plea for his U.S.-based interrogation before October 13th is an unattainable endeavor. This impossibility stems from Mr. Kwon’s current detention in Montenegro, where no predetermined release or extradition date exists. Furthermore, the legal representation for Mr. Kwon contended that supplying a written testimony as a response to the SEC ’s inquiries would fundamentally clash with his rights to due process under U.S. law. In their words, ‘A mandate compelling the unattai...

Adoption has taken a leading role in the crypto sector. While prominent crypto currencies such as Bitcoin [BTC] and Ethereum [ETH] remain favored options, meme coins like Shiba Inu [SHIB] are beginning to make their presence felt. FCF Pay’s latest service, known as FCF Crypto Bills, has been receiving significant praise. This service enables holders of major crypto , including Shiba Inu, to pay bills with over 20,000 American firms within its network. To further elevate their efforts, FCF Pay chose to engage in a partnership with the renowned automobile manufacturer, Honda. Source With this collaboration, customers will be able to utilize more than 100 digital assets. This includes Bitcoin, Ethereum, Shiba Inu, and XRP to finance, lease, or buy Honda vehicles. In addition to SHIB, users are also allowed to pay up using the asset’s offspring, BONE and LEASH. At present, the service is exclusively accessible to individuals residing in the United States. Nevertheles...

Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF “indistinguishable” from Crypto Futures ETF. Bitcoin is still trading around the $26,000 level at writing on Wednesday. All eyes are on Bitcoin today after the U.S. lawmakers urged the Securities & Exchange Commission to “immediately” approve applications it has received for a Spot Bitcoin ETF. House Reps. wrote a letter to Gary Gensler today On Wednesday, four members of the House Financial Services Committee wrote a letter to Gary Gensler in which they argued that a Spot Bitcoin ETF is not particularly different from a Crypto Futures ETF that the regulator has already approve d. And so, they urged Chair of the SEC in their letter to allow the likes of BlackRock, Fidelity and several others to list a Spot Bitcoin ETF . SEC’s current posture is untenable moving forward … there is no reason to continue to deny such ...

Coinbase CEO Brian Armstrong has been actively pursuing the exchange's expansion ambitions in the United Kingdom amid mounting legal issues in the U.S.. Brian Armstrong, CEO of major United States-based crypto currency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto -related transactions. Brian Armstrong took to X (formerly Twitter) on Sept. 26 to slam Chase Bank for its “totally inappropriate” move to ban its customers in the United Kingdom from making any debit card or wire transfers related to crypto transactions. “U.K. crypto holders should close their accounts if this is how they're going to be treated,” Armstrong wrote. The CEO also urged U.K. officials — including U.K. Prime Minister Rishi Sunak and U.K. Economic Secretary Andrew Griffith — to check whether Chase UK’s actions respect the country’s policy goals. Armstrong expressed hope that Chase UK might change its decision after the officials look into the situation...

The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment. The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy Judge Michael A. Kaplan approved BlockFi's third amended Chapter 11 plan in a Sept. 26 court hearing, a filing on the same day shows. Sept. 26 court filing in the bankruptcy case of BlockFi. Source: Kroll The amount of repayment received by BlockFi's unsecured creditors will largely depend on whether BlockFi succeeds in its legal battle against FTX and other bankrupt cryptocurrency firms. BlockFi's liquidation plan was approved after the firm settled a long-fought dispute with the creditors committee over the company’s senior management. The now bankrupt lending platform blamed FTX's collapse for its own failure despite the creditor's committee c...

BTC price support and resistance lines in the sand are crystallizing amid a fresh bout of low volatility for Bitcoin. Bitcoin (BTC) hit intraday lows after the Sep. 26 Wall Street open as BTC price behavior shunned major volatility.  BTC/USD 1-hour chart. Source: TradingView Binance traders put up thin BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency acting in a tight range while keeping $26,000 as support. Bitcoin bulls saw several retests of the $26,000 level as the week got underway, this still holding at the time of writing. Analyzing the composition on largest global exchange Binance, monitoring resource Material Indicators eyed potential scenarios to come. With $50 million in bid liquidity between $25,000 and current spot price versus just $6 million in overhead resistance, there was little “holding price down.” “Watching to see if it replenishes, moves or gets eaten,” part of commentary stated. Material Indicators reite...

A recent report by Bernstein pointed out that the crypto industry is expected to change from a “cottage industry” to a full-fledged “formal, regulated asset management industry” over the next five years. In this process, the managed assets are expected to rise from $50 billion to $500–$650 billion. In fact, in terms of revenue, the crypto fund management business could be worth up to $50 billion. According to analysts led by Gautam Chhugani, the potential launch of spot-based BTC ETFs in the U.S. will likely trigger capital inflows into the market. The report pointed out that the figure weighed around 4% of the present size of the crypto market. Also Read: Japan: Binance to Launch Dollar, Yen, Euro Stablecoins in 2024 ‘Hockey Stick’ Adoption to Ensue The analysts at Bernstein expect demand to be driven by “investment advisors, wealth and private banking integrated products, and easier access to ETFs in direct broker accounts.” A...

China’s central bank digital currency (CBDC) pilot, powered by the e-CNY app, has made it even more convenient for tourists to explore the People’s Republic of China. The new innovation allows tourists to pre-charge their digital yuan wallets using Visa and Mastercard payment options.  E-CNY app envisions a seamless experience for tourists The e-CNY app, currently in its pilot phase, caters to both iOS and China-based Google Play Store users. It empowers individual users by enabling them to create and manage their digital yuan wallets. This accessibility ensures that more tourists can enjoy the convenience of digital currency while exploring China. The latest update to the iOS version of the e-CNY app, released on September 22, brings a new feature to the forefront. Version 1.1.1 now supports top-up services with international card options, specifically Visa and Mastercard. Also read: Shiba Inu: Mysterious Whale Buys 4.5 Trillion SHIB Worth $33.6 Million ...

Over 55% of voters supported the proposal that included the impossibility of minting and re minting of USTC without the approval of the Terra Classic community. Terra Classic will no longer be able to mint new TerraClassicUSD (USTC) stablecoins without the approval of the Terra Classic community. According to data from ATOMScan, more than 55% of voters were in favor of the #11784 proposal. “We pay the Algo Quant team to re-peg USTC to USD, and the Terra Classic community is participating in the burning of the USTC supply, which also facilitates the re-peg.” The Terra Classic community The proposal’s description also claims the upgrade should fix loopholes such as converting xUST to mint USTC in an effort to achieve the repeg . The proposal is said to “protect the community and outside investors who are burning USTC,” trying to achieve the repeg , more than a year after the stablecoin imploded. The 11784 voting scheme | Source: ATOMScan ...

Shiba Inu is arguably the only cryptocurrency in recent times to have made investors millionaires in less than a year. A simple $1,000 investment ballooned to over $1 million for early investors who made life-changing gains in a short period. Bitcoin, Ethereum, and the stock markets have never generated this many returns since 2020, while SHIB ruled the roost. Investors who took an entry position in 2020 and early 2021 got to taste the honey that Shiba Inu offered. Also Read: Shiba Inu: SHIB Could Easily Reach $0.01 if This Happens In this article, we will highlight how three middle and lower-income-class investors made more than $1 million with an investment of less than $1,000 in Shiba Inu. Shiba Inu: From Rags to Riches, Turning the Average Man Into a Millionaire Source: newtraderu.com A middle-aged truck driver in the U.S. invested $650 in SHIB in 2020 and went on with life as usual. Little did the truck driver know that his life would change forever a few months later....

Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X. Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25 billion, making the cryptocurrency exchange the world’s largest entity holding the flagship digital asset. Arkham says Coinbase holds nearly 1 million BTC Arkham’s announcement on Friday was that it had identified nearly 1 million BTC on-chain for Coinbase reserves, with this making the US-based crypto behemoth “the largest Bitcoin entity in the world on Arkham.” The holdings account for about 5% of all bitcoin in existence and means the exchange’s BTC is nearly as much as that attributed to Bitcoin creator Satoshi Nakamoto....

Benjamin Cowen warned in his latest analysis that BTC’s price may drop to below $23K in the next few weeks. The analyst based his bearish prediction on BTC’s performance during previous pre-halving years. From a technical standpoint, BTC’s price broke below the 9-day EMA line over the past 24 hours. The cryptocurrency analyst and trader Benjamin Cowen warned that the price of Bitcoin (BTC) could drop to $23K, and possibly even below this mark, through the course of the next few weeks. In his Analysis , Cowen based his prediction on the performance of BTC during the month of September in previous pre-halving years. Although September has historically been a bearish month for the cryptocurrency market, the analyst did not rule out the possibility of BTC closing this month off on a positive note. In an attempt to gauge whether the leading cryptocurrency will close this September in the green, Cowen recalled the events of September 2019. This period was the y...

Daily transaction volume on Friend.Tech clone platform Post.Tech exploded by nearly 8,000% with 136,000 transactions in 24 hours. The decentralized protocol runs atop Ethereum layer-2 network Arbitrum. Users opined that Post.Tech seems like a fork between X, Elon Musk’s Twitter rebrand, and the viral decentralized mobile app Friend.Tech which operates on Coinbase-backed layer-2 blockchain Base. On both platforms, users can buy and sell access keys to gated communities moderated by other users, typically popular influencers and social media creators in crypto.  Post.Tech homepage | Source: Post.Tech Friend.Tech and Post.Tech both feature a fee structure split between the app developers and community creators. This fee amounts to 10% of user transactions as part of the so-called social finance or socialfi business model.  The purported Friend.Tech rival platform boasts $3 million in daily trading volume , up 7,400% in 24 hours according to Dappradar. Over 16,000 uniqu...