Cryptocurrency

Aside from his work at GMU, Verret has become known as a vocal advocate for crypto as the top honcho at Crypto Freedom Lab, a think tank fighting devoted to preserving “freedom and privacy for crypto developers and users.” He also serves as a professional legal witness for defendants accused wrongfully, Verret would argue of evading financial-tracking laws. In between, he finds time to serve as a regular columnist for Cointelegraph.Continue Reading on Coin Telegraph More

In a Sept. 28 filing in United States District Court for the Northern District of California, lawyers representing plaintiff Nick Patterson, who filed the lawsuit on behalf of investors, filed a notice of voluntary dismissal only against Terraform and Kwon. The notice did not explicitly state the reasons for dropping the case without prejudice. Continue Reading on Coin Telegraph More

In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation:Continue Reading on Coin Telegraph More

The global crypto market cap rose to $1.12 trillion, recording a 24-hour gain of 2.8%. Bitcoin was up by 4.2% at $28,338 and Ethereum rose by approximately 2.5% to $1,730 on Monday.Among the top ten crypto gainers over the past day were Bitcoin SV BSV/USD with a price of $37.34 and a 24-hour gain of 16.7%, THORChain RUNE/USD priced at $2.17 with a 12.2% gain, and eCash XEC/USD which gained 10.3% to reach a price of $0.00002757. Render RNDR/USD and Mantle MNT/USD also made significant gains at 7.6% and 6.5% respectively.On the losing end, GMX GMX/USD saw a 24-hour drop of 4% to reach a price of $40.75, followed by Maker MKR/USD which dropped by 3.8% to $1,485.68 and Chainlink LINK/USD with a price drop of 2.3% to $7.93.According to CoinStats, buyers are attempting to maintain their initiative with Bitcoin (BTC) being one of the biggest gainers today, rising by 4.22%. On the daily chart, the price of Bitcoin (BTC) has almost touched the resistance level of $28,757, a mark that plays a significant role in terms of a possible midterm rise.Ethereum (ETH), although less of a gainer, went up by 1.82%. However, the rate of Ethereum (ETH) once again failed to fix above the $1,744 level. If today’s bar closes in the red zone, there is a possibility of seeing a local correction.XRP also saw an increase today, rising by 0.77%. From the technical point of view, the rate of XRP does not have enough momentum for a sharp move yet. However, if the rate remains above the $0.50 zone, growth may continue to the nearest resistance level of $0.5578 until mid-October.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

In the text version of his keynote address to the industry group, Behnam recounted the $6 billion his agency collected in penalties in fiscal year 2023. He added: Continue Reading on Coin Telegraph More

The company has introduced a Layer 2 protocol that can process upwards of 100 transactions per second. This protocol upgrade is expected to significantly enhance the speed of transactions carried out on the Bitcoin network. Furthermore, ZeroSync has initiated a verifier for Bitcoin’s header chain. This tool is designed to assist light clients using Simplified Payment Verification (SPV) for transaction validation. The verifier will ensure that transactions are authenticated promptly and accurately, thereby improving the overall efficiency of the Bitcoin network.ZeroSync’s ultimate goal is to establish a zero-knowledge proof verifier on Bitcoin’s mainnet. This would further enhance transaction privacy by allowing users to verify transactions without revealing any additional information about them. The integration of Starkware’s ZK proofs and Cairo programming language into ZeroSync’s operations represents an important step in enhancing Bitcoin’s network capabilities. As cryptocurrency transactions continue to grow in volume and complexity, such advancements in technology are crucial for maintaining the efficiency and privacy of these transactions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

When it comes to spot Ether (ETH) ETFs from VanEck and ARK 21Shares, the SEC delayed making decisions until Dec. 25 and Jan. 10, respectively, while GlobalX will have to wait until Nov. 21 for the commission’s decision. It also delayed deciding on the spot Bitcoin ETF applications of Invesco, Bitwise and Valkyrie until mid-January. Continue Reading on Coin Telegraph More

Bitcoin Cash started the week on a positive note, reaching a two-month high after overcoming a crucial resistance level. This bullish trend, however, encountered an obstacle due to a Relative Strength Index (RSI) collision. The RSI is a momentum oscillator that measures the speed and change of price movements and can indicate when a cryptocurrency may be overbought or oversold.Simultaneously, Solana has been on a bull run for six consecutive days, reaching a peak unseen since mid-August. This rally has driven Solana’s RSI into the overbought zone, suggesting that the cryptocurrency might be trading at a price higher than its intrinsic value.These market dynamics are unfolding ahead of a week filled with pivotal U.S. economic data releases. The forthcoming data could potentially influence the direction of the crypto market, as it often acts as a barometer for broader financial trends.As investors and traders keep an eye on these developments, it remains to be seen how Bitcoin Cash and Solana will perform in light of the upcoming economic data and their current market conditions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More