In the midst of the ongoing conflict between Israel and Hamas, two assets have emerged as notable performers – bitcoin and gold. These assets have witnessed considerable price increases, captivating the attention of market observers. The geopolitical tension associated with such conflicts invariably affects financial markets, as was evident in last year’s Russo-Ukrainian conflict. However,
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Maker (MKR) has experienced an impressive rally, surging over 170% from its June 2023 lows. However, recent price action and decisions made by influential whales suggest that the bullish momentum may be losing steam. Currently, MKR is trading near its 2023 highs but has retreated by 16% from its peak in October. A concerning development
Recently, Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission (SEC), voiced her dissent against the agency’s case against LBRY. This case involved LBRY Inc., the company behind the LBRY blockchain and content-sharing network, which ultimately decided not to appeal its loss and instead shut down. Peirce questioned the value of the SEC’s
In the ongoing criminal case involving Sam Bankman-Fried, the co-founder and former CEO of FTX, intriguing details about the origins of FTX and its sister firm, Alameda Research, have emerged. Bankman-Fried testified that both ventures started small but with ambitious goals, only to eventually face collapse. It was revealed that Alameda Research was launched in
Crypto exchange Kraken recently confirmed its decision to halt all trading, deposits, and withdrawals for Tether USD (USDT), Wrapped Bitcoin (WBTC), and other reserve-backed assets in Canada. This move follows a growing trend among Canadian exchanges as they face regulatory pressure regarding the legal status of stablecoins. Kraken stated in an email to CryptoPotato on
The intersection of Artificial Intelligence (AI) and cryptocurrencies has become a significant topic of discussion in 2023. It is no longer just a concept that tech enthusiasts explore; it has evolved into a distinct market category. Major technology players like Microsoft have made substantial investments in AI-integrated cryptocurrencies, leading to increased interest from a broader
The recent surge of Bitcoin (BTC) to a staggering $35,000 has not only captivated the attention of cryptocurrency enthusiasts but also propelled several memecoins to impressive gains. Among these memecoins, Floki (FLOKI) stands out, surpassing its competitors in terms of percentage increases. With a surge of over 140% to reach $0.00004261, the highest it has
In an exciting collaboration that merges the worlds of digital art and tangible collectibles, Avant Arte has teamed up with Yuga Labs, the brand owner of CryptoPunks. This groundbreaking partnership offers holders of CryptoPunk NFTs the chance to own physical prints of their treasured art collections. Avant Arte is proud to present two distinct collections
Cryptocurrency infrastructure company Fireblocks recently discovered a critical vulnerability in the Ethereum ecosystem. The vulnerability, called ERC-4337 account abstraction vulnerability, was found in the smart contract wallet UniPass. Fireblocks worked with UniPass to address the vulnerability, which had affected hundreds of mainnet wallets. The vulnerability allowed potential attackers to execute a full account takeover of
The long-standing legal battle between the US Securities and Exchange Securities Commission (SEC) and Ripple Labs seems to be nearing its end. After the dismissal of the SEC’s claims against Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen, it is expected that both parties will proceed to finalize a settlement. However, pro-XRP legal expert John
U.S. lawmakers are increasing the pressure on the Justice Department to investigate Binance and Tether for their alleged involvement in facilitating substantial illicit financing, including providing material support to terrorist groups such as Hamas. This article delves into the concerns raised by lawmakers, the potential consequences for the companies involved, and the broader implications for
Maison Margiela, a renowned Parisian fashion label, is revolutionizing the fashion industry with its foray into Web3. Known for its avant-garde designs and pioneering creations, the brand is merging its characteristic numerical coding system with blockchain technology, providing its patrons with an immersive gamified minting experience. Maison Margiela’s digital collectibles are intricately connected to the
The world of investing is experiencing a significant shift, driven by the rise of machine learning technologies. This transformation is especially evident in volatile markets like the cryptocurrency sector, where risk and reward go hand in hand. Traditional financial strategies are being disrupted by the advances in machine learning algorithms, enabling investors to make more
From being a mentor to Sam Bankman-Fried to referring to him as a “colossal mistake,” Anthony Scaramucci is closely following the criminal trial and believes the former crypto mogul will find himself outmatched by government prosecutors who will systematically dismantle his defense. Once a perceived “congenial nerd” who had pledged to give away most of
The Web3 industry is on a mission to disrupt the World Wide Web, and one of its primary targets is social media. In a recent episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw sits down with Ryan Li, co-founder of CyberConnect, to discuss the concept of decentralized social media. Li begins by shedding
The tech industry was dealt a heavy blow as more than $280 billion was wiped off the combined market cap of the top seven blue-chip tech firms, known as the “magnificent seven.” These tech giants, including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively account for a quarter of the S&P 500 index’s value.
The Wall Street Journal recently made headlines by claiming that Hamas, the Palestinian militant group, has raised tens of millions of dollars through cryptocurrency. These allegations were further cited by the U.S. Congress. However, blockchain surveillance experts at Elliptic have analyzed the situation and provided a more nuanced perspective on the issue. In this article,
Loopring, the layer-2 decentralized exchange (DEX) for Ethereum, has recently announced a change in approach. The platform is going multi-network and expanding its core pillars from three to four. This strategic update aims to enhance the functionality of the Loopring Dapp and attract more users from diverse platforms. Under the new shift, the Loopring Dapp
In today’s highly dynamic and competitive business environment, staying ahead of the curve is a constant challenge. As the pace of innovation continues to accelerate, it is crucial for companies to make data-driven decisions in a timely manner. Predictive analytics, a powerful tool that utilizes machine learning and statistical algorithms to forecast future events based
The Financial Conduct Authority (FCA) in the United Kingdom has recently expressed concerns about the failure of many cryptocurrency firms to meet its new promotion requirements. These requirements, which came into effect on October 8, aim to protect investors by ensuring that they are adequately informed about the risks associated with cryptocurrency investments. In this
In a recent blog post titled “The Periphery,” Arthur Hayes, the former CEO of BitMEX, shares his views on the potential future of Bitcoin (BTC) and highlights the significance of geopolitical risks. As the world grapples with heightened tensions and economic uncertainties, Hayes delves into how these macro factors can shape the trajectory of Bitcoin.
In a surprising turn of events, wallets connected to bankrupt crypto firms Alameda Research and FTX have transferred more than $10 million worth of cryptocurrency to exchange deposit accounts. This sudden movement of funds has raised eyebrows and prompted speculation about the intentions and future plans of these firms. One plausible explanation for this transfer
Zilliqa, a leading blockchain technology company, has announced its partnership with Racing League, the premier team-based horse racing competition in the United Kingdom. The collaboration aims to revolutionize fan engagement in horse racing by combining physical and virtual elements, all powered by Zilliqa’s cutting-edge blockchain technology. Later this year, Zilliqa and Racing League will launch
Coinbase, one of the leading cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of overstepping its boundaries and attempting to redefine the criteria for what constitutes a security. In a recent court filing, Coinbase argued that the SEC’s classification of crypto assets as securities falls outside its jurisdiction and represents a radical
In its final bid to dismiss a lawsuit by the United States Securities and Exchange Commission (SEC), Coinbase has argued that the SEC overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities. Coinbase, in an Oct. 24 filing in a New York District Court, criticized the SEC for its overly broad definition of what
Crypto exchange dYdX, widely recognized as one of the largest non-custodial cryptocurrency exchanges, has taken a critical step towards true decentralization. In an October 23 blog post, dYdX announced the release of the open source code for their new Cosmos-based network, marking a significant stride in their mission to decentralize their exchange operations. dYdX has
Binance, one of the leading cryptocurrency exchanges, has continued to see strong derivatives trading volume during U.S. trading hours amid ongoing legal action. Despite facing a complaint from the Commodity Futures Trading Commission (CFTC), Binance has managed to maintain its position in the market. Derivatives are financial instruments that derive their value from an underlying