Ellison spent over ten hours testifying during Bankman-Fried’s trial this week, notably entering through the front doors of the federal court in Manhattan, joined by her attorneys. According to Ellison, she had not seen Bankman-Fried since the crypto empire failed in November last year. But their communication eroded even months before. Continue Reading on Coin Telegraph More
The BlockFi team warned its leadership about the crypto lender’s over-exposure to FTX Token (FTT) in August 2021, according to evidence presented in court on Oct. 13 during Sam Bankman-Fried’s trial.Continue Reading on Coin Telegraph More
The court’s verdict was reached by a panel of three judges, but it was subject to potential review by a larger panel. The SEC’s decision not to oppose this ruling effectively paves the way for Grayscale’s transformation.Grayscale has long argued that such a transition would unlock billions in investor value by enabling simplified share creation and redemption – features absent in their current closed-end structure. This existing structure has often been criticized for preventing investors from redeeming shares when prices fall, resulting in steep discounts relative to Bitcoin’s inherent value.The introduction of the Bitcoin ETF is expected to provide investors with greater flexibility and potentially stimulate more participation in the cryptocurrency market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In this week’s newsletter, European securities regulators have published a report on the DeFi ecosystem that lists the risks it poses to the European Union’s financial system — but also highlights the benefits of DeFi.Continue Reading on Coin Telegraph More
The cryptocurrency was trading at $61.52 on Friday, indicating potential for a relief rally. Market indicators such as the Relative Strength Index (RSI) point towards growing bullish strength despite the Money Flow Index (MFI) showing continued bearish outflows since October.Whale activity presents a mixed picture. The largest holders, those with over 1 million LTC, have been selling since July, while mid-level holders with between 100,000 to 1 million LTC have remained inactive.Charlie Lee launched Litecoin in 2011 to counter Bitcoin’s limitations like transaction speed and high fees. As of September 2023, Litecoin was valued at about $63.53.The cryptocurrency also leverages faucets that reward users with free LTCs for tasks such as solving captchas or playing games. This concept was initiated by Gavin Andresen with a Bitcoin faucet website. Leading LTC faucets for 2023 include Cointiply, Coinpayu, Free-Litecoin.com, Fire Faucet, Allcoins.pw, Claim Free Coins and LitecoinFaucet.com. These platforms contribute to currency adoption and enhance brand awareness while offering varied payouts depending on market conditions.The anniversary’s coincidental date on Friday the 13th was humorously noted as safe from “Jason and his machete.” The article also mentions the “Litecoin Profit Calculator” for portfolio assessment.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In a similar fashion, SOL rallied from a two-week low of $21.07 to reach an intraday high of $21.59, as traders capitalized on the dip near its own support level at $21.00. If the current price strength around 50.00 holds, market participants may aim to push SOL above the $22.00 mark over the weekend.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The metaverse had high visibility in Microsoft’s announcement of its deal for Activision in January 2002. “This acquisition will accelerate the growth in Microsoft’s gaming business […] and will provide building blocks for the metaverse,” the company said in the first paragraph. A few paragraphs later, Microsoft CEO Satya Nadella said, “Gaming […] will play a key role in the development of metaverse platforms.”Continue Reading on Coin Telegraph More
While the short-term remains uncertain, traders need to be watchful because long consolidations are generally followed by an explosive price action. The only problem is that it is difficult to predict the direction of breakout with certainty. Considering that the bulls have not allowed Bitcoin to dip back below $25,000 in the past few months, it increases the likelihood of an upside breakout.Continue Reading on Coin Telegraph More
