Crypto news

Grayscale also noted that it doesn’t believe that Filecoin is security and seeks to respond to the SEC staff with a legal basis for their position. Earlier this week, the US Securities and Exchange Commission (SEC) classified the cryptocurrency Filecoin as a security and even asked asset manager Grayscale to pull up their application for the Grayscale Filecoin Trust. However, Filecoin has rejected the observation from the SEC adding that FIL was not a security. The Filecoin Foundation...

The letter did not mention a lawsuit, however, Musk threatened to seek legal redress if there is such a need when he first mentioned this violation back in April. There appears to be a subtle data war brewing between Twitter Inc and American tech giant Microsoft Corporation (NASDAQ: MSFT). This claim stems from the letter sent by Elon Musk’s personal lawyer Alex Spiro to Microsoft CEO Satya Nadella over the misuse of access to social media’s API. The Issue at Hand The news was first...

Previously, one of the simplest ways to access OpenAI’s software on a mobile device was to use Microsoft’s Bing app which offers access to ChatGPT. Now, with the app, using the chatbot will be easier and faster. OpenAI Inc, a research laboratory that focuses on artificial intelligence (AI), has announced the launch of an iOS version of the ChatGPT app. According to the company, later, the app will also be available on Android. It will first be rolled out for users in the US, with more...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar. The price is now trading below the $118 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $116.00 on the 4-hour chart of the BCH/USD pair (data feed from...

Ripple announced the acquisition of Swiss-based crypto custody provider Metaco, marking the blockchain firm’s expansion across the growing institutional crypto custody market. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple Acquires Metaco Ripple is expected to ramp up its enterprise offerings providing customers the technology to custody, issue, and settle any type of...

Bankrupt cryptocurrency entities FTX, FTX.US, and Alameda Research have filed a lawsuit against former executives Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang for lavishly spending FTX Group’s assets on the acquisition of stock clearing firm Embed Financial Technologies. The move is the first formal action from FTX CEO John Ray against the company’s former management. The lawsuit, filed in the United States Bankruptcy Court for the District of Delaware, seeks to claw...

Lido Finance – which is the largest liquid staking protocol on Ethereum – upgraded to version 2 earlier this week. The move essentially enabled liquid staking users, meaning, the holders of staked ether (stETH), to withdraw stETH to ETH from Lido at a 1:1 ratio. The latest data suggest that only 0.42% of the withdrawals have been processed so far. Aftermath of V2 Upgrade According to Switzerland-based 21Shares’ estimates, Lido Finance currently owns 31% of the total ETH...

Synthetix (SNX) is trading 10% up over the 24-hour period. The recent spike in price comes amid a new proposal. SNX bulls likely have PEPE madness to thank for the market bump. The classic meme frog cryptocurrency is adding value to every market it touches. Volumes surged 150% in the wake of Synthetix Improvement Proposal (SIP) 2014. That would add PEPE coin markets to the L2 blockchain. Synthetix is a decentralized exchange for trading “synthetic” crypto assets. It operates...

Ethereum’s price has been trapped in a tight range recently, showing little intent to move significantly to either side. However, changes could be expected shortly. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been oscillating between the 50-day moving average located around the $1900 mark and the $1800 static support level, during the past 7 days. From a classical PA point of view, the market is likely to reach lower levels, as it has...

Ripple’s price has found support at the significant 200-day moving average at around $0.41, leading to a robust uptrend. Should it continue its surge, Ripple’s next destination will be the resistance zone at $0.56, but what if the bears take control? Technical Analysis By Shayan The Daily Chart Analyzing the daily chart reveals that following several weeks of rejection, the price has finally found support at the 200-day moving average of $0.41, initiating an upward trend....