As previously reported in the build-up to the highly anticipated trial, an Oct. 1 court ruling provisionally barred Bankman-Fried from apportioning blame to FTX lawyers who were allegedly involved in structuring and approving loans between Alameda and FTX.Continue Reading on Coin Telegraph More
According to Campbell’s LinkedIn, her employment at Ripple ended in October after more than two years without explanation other than a “memorable” time at the crypto firm. She joined Ripple in April 2021 after more than four years as CFO at payments platform PayNearMe.Continue Reading on Coin Telegraph More
Furthermore, the concept of Ethereum as “ultrasound money” is facing scrutiny. Touted as a deflationary asset due to the EIP-1559 upgrade, which introduced a mechanism to burn a portion of the transaction fees, Ethereum’s current state suggests otherwise. The deflationary pressures are not as pronounced as many had anticipated, leading to questions about its long-term economic model.Source: Amid these challenges, has found itself at a relatively unnoticeable support level. This support, often overlooked in favor of more prominent price points, could play a pivotal role in determining ETH’s trajectory in the coming weeks. If Ethereum manages to hold above this level, it could provide the foundation for a potential rebound. Conversely, a breach below could exacerbate the bearish sentiment.The importance of this hidden support is magnified by the broader context. With the overall trading volume on the decline and the DeFi and NFT landscapes not providing the bullish impetus they once did, Ethereum needs all the support it can get, both technically and sentimentally.At the time of writing, Shiba Inu is trading at $0.00000693, a value that is significantly suppressed from its all-time highs. A detailed analysis of its price movement reveals that SHIB is currently moving below the 21-day Exponential Moving Average (EMA), a technical indicator that often provides insights into an asset’s momentum. The position below this EMA suggests that is heavily suppressed and is currently in a downtrend.The downtrend is further emphasized by the lack of attempts from the token to break through and reclaim higher levels. The 21 EMA acts as a dynamic resistance, and SHIB’s consistent position below it indicates a strong bearish grip on its price action.Another concerning factor for Shiba Inu’s potential recovery is its trading volume. A robust trading volume often signifies strong interest and activity around an asset, which can be a precursor to significant price movements. However, in the case of SHIB, the trading volume is at an extremely low level. This diminished trading activity suggests a lack of buying interest, which can further dampen any hopes of a swift price recovery.A detailed analysis of Solana’s price reveals that the cryptocurrency is still one of the strongest performers on the market. Currently trading at $22.93, Solana has only seen a slight decline of a little over 7% in the past few days. This is a modest dip, especially when compared to other assets in the crypto space that have experienced losses of around 15% from their recent highs.The resilience of can be attributed to its robust ecosystem and the growing interest in its platform. As decentralized applications (dApps) and DeFi projects continue to find a home on Solana, the demand for SOL, its native token, remains high. This demand acts as a buffer, preventing drastic price drops and ensuring stability even in turbulent market conditions.Another positive sign for Solana is the decreasing trading volume. While a drop in trading volume can be a cause for concern in some scenarios, in this case, it is a silver lining. The reason being that Solana is currently bearish on more local time frames but remains bullish on longer-term charts. A decrease in trading volume during a short-term bearish phase can indicate a lack of strong selling pressure, which can pave the way for a potential rebound.This article was originally published on U.Today More
Los mercados estadounidenses demostraron resistencia el lunes, cediendo inicialmente ante las preocupaciones sobre el conflicto en curso entre Israel y Gaza, pero recuperándose más tarde para cerrar en verde. El Dow cerró al alza un 0.5%, en 33,604.65. El S&P 500 subió un 0.6%, alcanzando 4,335.66. El Nasdaq, centrado en tecnología, llegó a 13,484.24, un aumento del 0.4%. A las 10:50 a.m. hora del este, el S&P bajó ligeramente, habiendo caído de 4281.91 a 4285.73, una pérdida de 3.852 puntos, pero esta pérdida se borró al final del día. Los otros dos índices hicieron movimientos similares, hacia abajo y luego hacia arriba.Gráfico de un día del S&P 500. Fuente: MSN Money.Durante el fin de semana, el grupo militante palestino Hamas lanzó un ataque contra Israel. El nuevo brote de guerra hizo que algunos traders temieran que la volatilidad sacudiera el mercado, lo que llevó a un sentimiento bajista al principio. Sin embargo, estos temores fueron en gran parte ignorados a lo largo del día. Las compañías relacionadas con la defensa se dispararon, con Lockheed Martin (NYSE:LMT) ganando un 8.5% y Northrop Grumman Corp (NYSE:NOC) un 11%. También aumentaron los productores de petróleo debido a la creencia de que se avecinan precios elevados del petróleo.Lea el artículo completo en Cointelegraph More
The CoinDesk Market Index (CMI) reported an 11% decline in Q3, with Bitcoin (BTC) falling slightly less at 10.9% and Ether (ETH) dropping more at 12.5%. Despite this downturn, BTC and ETH demonstrated resilience with year-to-date gains of 64% and 41%, respectively. These gains were driven by institutional demand for Bitcoin ETFs, regulatory pressure on altcoins, and a preference for larger capitalization tokens.The Computing, DeFi and Digitization sectors outperformed others such as the Smart Contract Platform and Culture & Entertainment sectors in the same quarter. These market trends were significantly influenced by SEC actions, enforcement against Coinbase (NASDAQ:COIN) and Binance, filings for spot ETFs by top asset managers, a partial win in the Ripple court case, and a surge in Chainlink (LINK) by 24%, with AI investor enthusiasm also contributing to these shifts.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
US markets demonstrated resilience on Monday, initially succumbing to concerns over the escalating Israeli-Gaza conflict, but rebounding later to close in the green. The Dow closed up 0.5%, at 33,604.65. The S&P 500 rose by 0.6%, reaching 4,335.66. The tech-heavy Nasdaq went to 13,484.24, a gain of 0.4%. The S&P was down slightly at 10:50 a.m. ET, having fallen from 4281.91 to 4285.73, a loss of 3.852 points, but this loss was erased by the end of the day. The other two indices made similar moves down, then up.Continue Reading on Coin Telegraph More
Kennedy ha sido un partidario de las criptomonedas y afirmó que uno de los objetivos de su administración sería “convertir a América en el centro global de las criptomonedas, especialmente Bitcoin”. Reveló planes en julio para respaldar el USD con “moneda dura,” como oro, plata, platino y Bitcoin (BTC).Kennedy también fue un oponente vocal del sistema de pagos instantáneos FedNow de la Reserva Federal, equiparándolo con una moneda digital del banco central (CBDC) y declarando en un tuit (ahora X) que “las CBDCs allanan la resbaladiza pendiente hacia la esclavitud financiera y la tiranía política” y que había un “peligro evidente de que este sea el primer paso para prohibir y confiscar Bitcoin”. La Junta de la Reserva Federal de EE. UU. luego lanzó una campaña de concientización pública para diferenciar FedNow de una CBDC.Lea el artículo completo en Cointelegraph More
Hablando en la Semana de Innovación de Río el 4 de octubre, el superintendente de supervisión de inversores institucionales de la CVM, Daniel Maeda, dijo que el regulador explorará un sandbox regulatorio para casos de uso de tokenización, posiblemente a partir de 2024. Según Maeda, los esfuerzos del regulador para lanzar el segundo sandbox siguieron experiencias positivas al tokenizar aproximadamente USD 36 millones en activos.”No definimos casos específicos, porque queremos permitir que la innovación llegue a la CVM, sin limitaciones previas”, dijo Maeda a Cointelegraph Brasil. “Pero algunas áreas para la aplicación de la tokenización ciertamente captan nuestra atención, como el agro negocio y [Medio Ambiente, Social y Gobernanza]”.Lea el artículo completo en Cointelegraph More
