Cryptocurrency

There has been a relatively between car brands and the crypto world. Notably, Tesla (NASDAQ:TSLA) pioneered this move back in 2021 when it started accepting Bitcoin (BTC) for its cars. The company shortly on this path citing the high carbon footprint of the coin, which does not align with its goals.For Ferrari, the company believes the carbon footprint concern is now alleviated as most protocols are now more energy efficient. Despite the support for crypto, Ferrari’s Chief Marketing and Commercial Officer Enrico Galliera said the company’s goals of attaining carbon neutrality by 2030 remain intact.With crypto now going mainstream overall, Galliera said the firm has to reposition its terms to capture its customers with a sizable digital currency portfolio.The volatility will be curtailed as BitPay will convert the funds into fiat currencies to protect Ferrari’s dealers from price swings. Notably, BitPay is playing a very crucial role in a number of new use cases that involve digital currencies that can be used as payment for real-world assets.Ferrari said for users paying with crypto, there will be no change in prices, fees, or surcharges.This article was originally published on U.Today More

The ETF is scheduled for listing on the NYSE Arca exchange and aims to achieve daily investment outcomes that mirror the inverse of the daily S&P CME Ether Futures Index performance, according to a filing made on Friday, Oct. 13.Continue Reading on Coin Telegraph More

A closer examination of the charts of borrowed assets provides insights into this precarious situation:Ethereum (ETH): Observing the Ethereum chart, a noticeable downturn is evident, with a continuous decline in its price trajectory. The chart showcases the breach of several crucial support levels, indicating bearish momentum. Such a scenario can spell trouble for our investor, especially if Ethereum’s value continues to plummet, exacerbating the loan-to-value ratio.LINK: The LINK chart mirrors the sentiments of Ethereum’s trajectory. A persistent bearish trend can be discerned, with prices taking a nosedive. A crucial intersection of its moving averages suggests that the asset may be under significant selling pressure.Given market analysis, it is evident that the investor’s move to sell WBTC may not just be a mere coincidence. The downward trajectory of major altcoins like and LINK may have instigated a panic sell. This action, although an attempt to steer clear of impending liquidation, can also impact the market negatively, creating a ripple effect.While whales usually maintain a strategic position, leveraging their massive holdings to optimize returns, this situation stands as a testament to the volatility of the cryptocurrency market. The proximity to the liquidation risk for such a significant position underscores the necessity of investors, big or small, to remain vigilant, analyze market trends and keep their positions as healthy as possible. If the current trend continues, it could not only jeopardize the whale’s position but also have broader implications for the altcoin market at large.This article was originally published on U.Today More

This initiative was disclosed by the minister in a post on X (formerly Twitter) and is part of the recently introduced Nigeria Artificial Intelligence Research Scheme, which is designed to facilitate the widespread utilization of AI to drive economic advancement.Continue Reading on Coin Telegraph More

Ellison spent over 10 hours testifying during Bankman-Fried’s trial this past week, notably entering through the front doors of the United States District Court for the Southern District of New York in Manhattan, joined by her attorneys. Ellison said she had not seen Bankman-Fried since the crypto empire failed in November 2022, but their communication had eroded months before. Continue Reading on Coin Telegraph More

The transaction was detected by blockchain tracker Whale Alert and later identified as an FTX estate address by pseudonymous on-chain researcher Ashpool. The coins staked worth $122 million and represent a small fraction of FTX’s holdings of SOL. Continue Reading on Coin Telegraph More

Months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was freaking out about buying shares in Snapchat, raising capital from Saudi royalty and getting regulators to crack down on rival crypto exchange Binance, according to evidence presented in court this week as a part of the ongoing criminal trial. Bankman-Fried believed Binance leaked an Alameda balance sheet to the media in 2022. According to a document from Nov. 6, 2022, Bankman-Fried wrote that Binance had been engaging in a PR campaign against us. It continued, saying that Binance leaked a balance sheet; blogged about it; fed it to Coindesk; then announced very publicly that they were selling $500m of FTT in response to it while telling customers to be wary of FTX.Continue Reading on Coin Telegraph More

Laut einem entsprechenden Bericht der New York Times vom 13. Oktober können viele Bitcoin (BTC) Mining-Rechenzentren in den USA direkt zur chinesischen Regierung zurückverfolgt werden, was Bedenken über Operationen in unmittelbarer Nähe von Militärbasen und anderen Bereichen, die mit der nationalen Sicherheit verbunden sind, aufkommen lässt. Einer der Standorte, der von den Behörden überwacht wurde, war demnach ein Mining-Betrieb in Wyoming in der Nähe eines Microsoft-Rechenzentrums, das einige der Operationen des Pentagons unterstützt.„Microsoft (NASDAQ:MSFT) hat keine direkten Hinweise auf böswillige Aktivitäten dieses Unternehmens“, wie es dahingehend in dem Bericht heißt. „Bis weitere Erkenntnisse vorliegen, halten wir es jedoch für möglich, dass die Rechenleistung eines Mining-Betriebs industrieller Größenordnung zusammen mit der Anwesenheit einer unbekannten Anzahl chinesischer Staatsangehöriger in unmittelbarer Nähe von Microsofts Rechenzentrum und einer von drei strategischen Raketenbasen in den USA erhebliche Bedrohungsvektoren bietet.“Lesen Sie weiter auf Cointelegraph More