The Securities and Exchange Commission (SEC) has filed an appeal in the case against Ripple.
On August 7, the judge ruled that Ripple must pay a civil penalty of $125 million, although the SEC had demanded $2 billion.
The SEC stated that the district court's decision in the Ripple case contradicts decades of Supreme Court precedents and securities laws. 🧐
On August 7, the judge ruled that Ripple must pay a civil penalty of $125 million, although the SEC had demanded $2 billion.
The SEC stated that the district court's decision in the Ripple case contradicts decades of Supreme Court precedents and securities laws. 🧐
👍15
Crypto soothsayer
The Securities and Exchange Commission (SEC) has filed an appeal in the case against Ripple. On August 7, the judge ruled that Ripple must pay a civil penalty of $125 million, although the SEC had demanded $2 billion. The SEC stated that the district court's…
SEC Director of Enforcement Gurbir Grewal resigns 👏
During his three years in office, Grewal authorized more than 2,400 cases, bringing the agency over $20 billion in recoveries and $1 billion in fines. 😳
Notably, Grewal filed lawsuits against Coinbase, Kraken, Ripple Labs, and Binance. During his tenure, the agency authorized more than 100 actions against cryptocurrency companies. 🤷
During his three years in office, Grewal authorized more than 2,400 cases, bringing the agency over $20 billion in recoveries and $1 billion in fines. 😳
Notably, Grewal filed lawsuits against Coinbase, Kraken, Ripple Labs, and Binance. During his tenure, the agency authorized more than 100 actions against cryptocurrency companies. 🤷
👍12👏2❤1
Crypto Market Drops 6%, $556M Liquidated in 24 Hours 📉
The crypto market plunged 6% as geopolitical tensions in the Middle East caused widespread fear, leading to liquidations worth $556M.
Key Points:
▪️105,849 traders liquidated in the last 24 hours.
▪️Bitcoin, Ethereum, and Solana saw significant liquidations ($143M, $119M, $20M).
▪️Largest single liquidation: Binance's ETHUSDT pair at $12.24M.
📊 Despite the dip, experts maintain a bullish sentiment for Q4 2024, with some analysts predicting a crypto rally.
The crypto market plunged 6% as geopolitical tensions in the Middle East caused widespread fear, leading to liquidations worth $556M.
Key Points:
▪️105,849 traders liquidated in the last 24 hours.
▪️Bitcoin, Ethereum, and Solana saw significant liquidations ($143M, $119M, $20M).
▪️Largest single liquidation: Binance's ETHUSDT pair at $12.24M.
📊 Despite the dip, experts maintain a bullish sentiment for Q4 2024, with some analysts predicting a crypto rally.
👍11🤷♂7
Uptober Starts After October 19 – Timothy Peterson 🚀
According to network economist Timothy Peterson, patience is key! He predicts that Bitcoin’s long-anticipated rise will kick off after October 19. 📈
Based on past trends, BTC historically sees significant growth toward the end of October. So, while the market might seem slow now, the real action could be just around the corner. ⏳
Peterson, the author of "Metcalfe's Law as a Model for Bitcoin's Value," believes that history might just repeat itself. 🎡
According to network economist Timothy Peterson, patience is key! He predicts that Bitcoin’s long-anticipated rise will kick off after October 19. 📈
Based on past trends, BTC historically sees significant growth toward the end of October. So, while the market might seem slow now, the real action could be just around the corner. ⏳
Peterson, the author of "Metcalfe's Law as a Model for Bitcoin's Value," believes that history might just repeat itself. 🎡
🔥9👍8
💰 Did Changpeng Zhao Get Richer in Prison... or Not?
▪️According to Forbes, the former Binance CEO's fortune is estimated at $61 billion.
They calculated that his wealth increased by about $3 billion during his time in prison (that's $25 million per day).
▪️However, Bloomberg reports that Zhao's fortune has actually dropped to $26.6 billion over the last 4 months – a loss of around $11 billion.
Interesting question: who’s right? 🤔
▪️According to Forbes, the former Binance CEO's fortune is estimated at $61 billion.
They calculated that his wealth increased by about $3 billion during his time in prison (that's $25 million per day).
▪️However, Bloomberg reports that Zhao's fortune has actually dropped to $26.6 billion over the last 4 months – a loss of around $11 billion.
Interesting question: who’s right? 🤔
👍20🤔4
In Q3 2024, TON ranked among the top 5 most popular cryptocurrencies across Europe, Asia, and Africa.
👀 Meanwhile, in North America, Shiba Inu, a meme coin, took the spotlight, and in Australia and its surrounding regions, Kaspa emerged as the favorite. 👻 Kaspa is one of the rare cryptocurrencies that can be mined using ASICs, much like Bitcoin.
👀 Meanwhile, in North America, Shiba Inu, a meme coin, took the spotlight, and in Australia and its surrounding regions, Kaspa emerged as the favorite. 👻 Kaspa is one of the rare cryptocurrencies that can be mined using ASICs, much like Bitcoin.
👍15❤2
Bybit has added perpetual contracts based on stock indices to its listing 📊
Bitcoin exchange Bybit has expanded its range of available instruments by introducing perpetual contracts based on popular stock indices, with settlements in USDT.
These include:
▪️China A50 Index Cash CFD (USD);
▪️Dow Jones Index Cash CFD (USD);
▪️NAS100 Cash;
▪️Nikkei Index Cash CFD (JPY);
▪️Hang Seng Index Cash CFD (HKD).
Leverage ranges from 20x to 500x. 👀
Bitcoin exchange Bybit has expanded its range of available instruments by introducing perpetual contracts based on popular stock indices, with settlements in USDT.
These include:
▪️China A50 Index Cash CFD (USD);
▪️Dow Jones Index Cash CFD (USD);
▪️NAS100 Cash;
▪️Nikkei Index Cash CFD (JPY);
▪️Hang Seng Index Cash CFD (HKD).
Leverage ranges from 20x to 500x. 👀
👍23❤4
Media is too big
VIEW IN TELEGRAM
A new documentary from HBO promises to reveal the identity of Bitcoin's creator! 🙀
🎥 A groundbreaking documentary titled "Money Electric: The Bitcoin Mystery" claims to have uncovered the identity of Bitcoin's elusive creator, Satoshi Nakamoto.
Directed by Emmy-nominated Cullen Hoback, known for his acclaimed series "Q: Into the Storm," this film promises to delve deep into the mystery surrounding the cryptocurrency's origins. 🧐
🗓 Mark your calendars: the documentary airs next Wednesday at 00:00 UTC.
🎥 A groundbreaking documentary titled "Money Electric: The Bitcoin Mystery" claims to have uncovered the identity of Bitcoin's elusive creator, Satoshi Nakamoto.
Directed by Emmy-nominated Cullen Hoback, known for his acclaimed series "Q: Into the Storm," this film promises to delve deep into the mystery surrounding the cryptocurrency's origins. 🧐
🗓 Mark your calendars: the documentary airs next Wednesday at 00:00 UTC.
👍8🐳6❤3
📉The amount of BTC on centralized exchanges has been rapidly decreasing since the beginning of 2024 – CryptoQuant
Experts consider this a very bullish signal. 🐃
Experts consider this a very bullish signal. 🐃
👍18
🚨 ScamSniffer has released their September report.
In September, nearly 10,000 victims lost a staggering $46 million to cryptocurrency scams.
🎣 In Q3 2024, the total losses from phishing attacks reached $127 million, with an average of 11,000 victims each month. The two biggest losses accounted for $87 million. 🤷
In September, nearly 10,000 victims lost a staggering $46 million to cryptocurrency scams.
🎣 In Q3 2024, the total losses from phishing attacks reached $127 million, with an average of 11,000 victims each month. The two biggest losses accounted for $87 million. 🤷
👍14😨1
Crypto soothsayer
A new documentary from HBO promises to reveal the identity of Bitcoin's creator! 🙀 🎥 A groundbreaking documentary titled "Money Electric: The Bitcoin Mystery" claims to have uncovered the identity of Bitcoin's elusive creator, Satoshi Nakamoto. Directed…
📺 Who Will HBO Present as Satoshi Nakamoto?
🎰 Bets are already being placed on Polymarket regarding who will be identified as Satoshi in HBO's upcoming documentary.
Leading the pack is Len Sassaman with 39% of the votes. He tragically took his own life in 2011 after battling depression and is considered a potential Bitcoin creator due to his extensive work in cryptography and commitment to privacy and decentralization principles.
👀 Interestingly, the timing of his death aligns with when Satoshi Nakamoto stopped posting on BTCTalk. In second place is Hal Finney with 18%, known for receiving the first Bitcoin transaction from Satoshi.
Adam Back has 7%, while other candidates garner little interest, and Elon Musk receives less than 1%. 😁
🎰 Bets are already being placed on Polymarket regarding who will be identified as Satoshi in HBO's upcoming documentary.
Leading the pack is Len Sassaman with 39% of the votes. He tragically took his own life in 2011 after battling depression and is considered a potential Bitcoin creator due to his extensive work in cryptography and commitment to privacy and decentralization principles.
👀 Interestingly, the timing of his death aligns with when Satoshi Nakamoto stopped posting on BTCTalk. In second place is Hal Finney with 18%, known for receiving the first Bitcoin transaction from Satoshi.
Adam Back has 7%, while other candidates garner little interest, and Elon Musk receives less than 1%. 😁
❤12👍10🔥2
⚠️ FBI Exposes $30M ICHCoin Crypto Scam
The FBI has issued a warning about a large-scale crypto scam involving ICHCoin, which has stolen approximately $30 million from victims across the US. 🇺🇸
According to FBI Houston, the scam has been running since December 2023, luring people with false promises of quick profits through cryptocurrency education.
🥷 Fraudsters initially target victims on social media, then move communication to WhatsApp where fake experts convince them to invest in the ICHCoin app.
Victims are misled by inflated earnings and face difficulties when attempting to withdraw their funds. Some have lost their entire life savings. 🤷
The FBI has issued a warning about a large-scale crypto scam involving ICHCoin, which has stolen approximately $30 million from victims across the US. 🇺🇸
According to FBI Houston, the scam has been running since December 2023, luring people with false promises of quick profits through cryptocurrency education.
🥷 Fraudsters initially target victims on social media, then move communication to WhatsApp where fake experts convince them to invest in the ICHCoin app.
Victims are misled by inflated earnings and face difficulties when attempting to withdraw their funds. Some have lost their entire life savings. 🤷
👍7😎6
📉 Binance Market Share Hits Four-Year Low
Binance's share of the combined spot and derivatives trading volume in the centralized exchange (CEX) market has dropped to 36.6%, its lowest level since September 2020, according to a CCData report.🧐
In September, Binance's spot trading volume fell by 23% compared to August, reducing its market share to 27%. Derivatives trading also saw a 21% decline, leaving Binance with 40.7% of the CEX segment. 🤷
Crypto.com emerged as a beneficiary, increasing its total volume by over 40% month-on-month, reaching a 10.5% market share. 📈
Total CEX trading volume dropped by 17% in September to $4.34 trillion, marking the lowest since June. However, analysts expect increased activity in the coming months, driven by factors such as rising market liquidity and the upcoming US elections. 🚀
Binance's share of the combined spot and derivatives trading volume in the centralized exchange (CEX) market has dropped to 36.6%, its lowest level since September 2020, according to a CCData report.🧐
In September, Binance's spot trading volume fell by 23% compared to August, reducing its market share to 27%. Derivatives trading also saw a 21% decline, leaving Binance with 40.7% of the CEX segment. 🤷
Crypto.com emerged as a beneficiary, increasing its total volume by over 40% month-on-month, reaching a 10.5% market share. 📈
Total CEX trading volume dropped by 17% in September to $4.34 trillion, marking the lowest since June. However, analysts expect increased activity in the coming months, driven by factors such as rising market liquidity and the upcoming US elections. 🚀
👍18
🚨 $5.5 million stolen from EigenLayer! ☔️
🥷 A hacker compromised an investor's email and sent a fake message to EigenLayer, providing their wallet address. As a result, 1.6 million $EIGEN, worth $5.5 million, was sent to that address. 💰
The culprit sold the tokens through a DEX, but for some reason, withdrew the stablecoins to centralized exchanges. The team tracked these movements, contacted the CEX, and the funds were frozen. 😁
🥷 A hacker compromised an investor's email and sent a fake message to EigenLayer, providing their wallet address. As a result, 1.6 million $EIGEN, worth $5.5 million, was sent to that address. 💰
The culprit sold the tokens through a DEX, but for some reason, withdrew the stablecoins to centralized exchanges. The team tracked these movements, contacted the CEX, and the funds were frozen. 😁
👍26🤩8❤3👎1
🐳 Ancient BTC whale sends $3.58 million to an exchange!
This whale mined BTC just a month after the cryptocurrency network launched in 2009—he might have even chatted with Satoshi Nakamoto! With $72.5 million still in his wallet, it looks like he’s either eyeing a luxury home or looking to stack up on altcoins. 🏡💰
Definitely a wallet to keep an eye on! 😏
By the way, HBO claims they'll reveal Satoshi Nakamoto's identity next Wednesday. Curious to see if they have real evidence or if they’re just riding the hype of a mystery that has puzzled crypto enthusiasts for years! 📺✨
This whale mined BTC just a month after the cryptocurrency network launched in 2009—he might have even chatted with Satoshi Nakamoto! With $72.5 million still in his wallet, it looks like he’s either eyeing a luxury home or looking to stack up on altcoins. 🏡💰
Definitely a wallet to keep an eye on! 😏
By the way, HBO claims they'll reveal Satoshi Nakamoto's identity next Wednesday. Curious to see if they have real evidence or if they’re just riding the hype of a mystery that has puzzled crypto enthusiasts for years! 📺✨
👍24🔥1
Media is too big
VIEW IN TELEGRAM
The trend for documentaries about the crypto world continues. Tether has announced a documentary about USDT, dedicated to the 10th anniversary of the largest stablecoin. 🎆
🔥9👍7
MicroStrategy, the company holding 252,000 BTC worth ~$16 billion, is hiring a "Bitcoin Advocacy Manager" to promote Bitcoin among corporations and high-net-worth individuals. 🤵🏻♂️
The role involves organizing conferences and spreading the word about the benefits of investing in Bitcoin.
In short, MicroStrategy aims to actively market BTC to big companies and wealthy individuals, taking their promotional efforts to a whole new level. 🚀
Get ready for a fresh wave of Bitcoin shilling! 😎💰
The role involves organizing conferences and spreading the word about the benefits of investing in Bitcoin.
In short, MicroStrategy aims to actively market BTC to big companies and wealthy individuals, taking their promotional efforts to a whole new level. 🚀
Get ready for a fresh wave of Bitcoin shilling! 😎💰
❤13👍8🔥4👏1
🥷Hackers Compromise LEGO Website to Promote Scam Token!
🤖 On October 5, LEGO Group reported that their official site was hacked for 75 minutes. During this time, an announcement about the launch of "LEGO Coin" was posted, which turned out to be a fraudulent token created by the attackers.
🎣 Visitors who clicked the link were directed to a phishing site. Fortunately, the issue has been resolved, and an investigation is underway to track down the hackers.
🤖 On October 5, LEGO Group reported that their official site was hacked for 75 minutes. During this time, an announcement about the launch of "LEGO Coin" was posted, which turned out to be a fraudulent token created by the attackers.
🎣 Visitors who clicked the link were directed to a phishing site. Fortunately, the issue has been resolved, and an investigation is underway to track down the hackers.
❤11👍1🍌1👾1
🚀 Ethereum speeds up! Block times cut to 8 seconds? ⏳
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge Layer 2 rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, Justin Drake and Vitalik Buterin are on board. Could this be the next big step for Ethereum’s efficiency?
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge Layer 2 rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, Justin Drake and Vitalik Buterin are on board. Could this be the next big step for Ethereum’s efficiency?
👍14🔥2❤1