The volatility of Bitcoin and other cryptos is really more a function of who is buying and selling these assets. In early September 2023, the US Financial Accounting Standards Board (FASB) finally approved the commonly accepted accounting practice of mark to market accounting to apply to corporations and businesses holding crypto digital assets. Previously, companies like […]

BTC price downside follows renewed inflation fears amid a prediction that Bitcoin might only reverse upward in December. Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open as one analyst hailed the “final stage” of the cryptocurrency bear market. BTC/USD 12-hour chart. Source: TradingView Bitcoin traders stress importance of $26,800 Data […]

Hong Kong has allowed retail crypto trading since June. Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region. That’s according to an October 11 […]

Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy. Former Alameda Research CEO Caroline Ellison claimed in court that Sam “SBF” Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, […]

Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously, Ethereum maintained a deflationary stance, primarily due to the London hard fork’s […]

The post Coinbase and OKX Launch Blockchain Gaming Token BIGTIME! appeared first on Coinpedia Fintech News Coinbase and OKX have partnered to launch BIGTIME, a blockchain gaming token created by a team with backgrounds in traditional game studios. The team has already received significant investments in the tens of millions of dollars as early as […]

The post Caroline Ellison’s Shocking Revelations in Today’s Trial! appeared first on Coinpedia Fintech News Caroline Ellison testified in court about borrowing $10 billion from FTX customers and a bribery scheme to unfreeze $1 billion in funds in China. Ellison stated that Sam had made investments that put the company in a difficult financial situation. […]

The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda’s financials to present to Genesis lenders. Testifying on the sixth day of Sam “SBF” Bankman-Fried’s criminal trial in New York, former Alameda Research CEO Caroline Ellison admitted to providing fudged numbers for review by Genesis. According to […]

Dogecoin was marginally higher on Wednesday, after moving back above a recent support point during today’s session. The meme coin fell to a seven-week low on Monday, however bulls have moved to buy the dip. Toncoin was another token to rise, reentering the $2.00 region in the process. Dogecoin (DOGE) Dogecoin (DOGE) climbed back above […]

BlackRock used tokenized shares from one of its money market funds as collateral in a derivatives transaction with Barclays, leveraging JPMorgan’s newly introduced Tokenized Collateral Network (TCN), a blockchain-driven collateral settlement platform, per a Bloomberg report on Oct. 11. Tyrone Lobban, the head of Onyx Digital Assets at JPMorgan, emphasized that the transactions were “instantaneous,” eliminating the […]