Crypto EcoBlog
An upswing in a claim’s valuation signals an increase in the anticipated recovery worth. SBF’s inner circle – Caroline Ellison, Gary Wang, and Nishad Singh – might have to pay heavy penalties. On Thursday, November 2, the US court finally convicted FTX co-founder Sam Bankman-Fried of seven criminal charges. The sentencing will take place next year around March 2024. Interestingly, amid this development, FTX‘s claim price also surged by a staggering 57%. Fundamentally, a claim signifies an...
Read More »Bitcoin Mining Stocks Skyrocket as BTC Price Hovers Around $35K
The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day. Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months. Bitcoin Mining Stocks’ Strong Performance According to reports, US-listed mining companies such as Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK)...
Read More »US SEC Files Motion for Summary Judgment in Do Kwon Case
The legal battle surrounding Terraform Labs is not without controversy. Terra co-founder Daniel Shin’s lawyer has blamed the “unreasonable operation of the Anchor Protocol and external attacks carried out by Do-hyung Kwon” for the Terra ecosystem’s collapse. The United States Securities and Exchange Commission (SEC) is not backing down in its pursuit of justice regarding Terraform Labs’ alleged violations. Despite a jury’s conclusion that appeared to show leniency towards Do Kwon, the SEC...
Read More »XRP, TON Are Given Green Light by Dubai International Financial Centre (DIFC) for Legal Use
More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services. The Dubai Financial Services Authority (DFSA) has added XRP (XRP) and Toncoin (TON) to the list of tokens that can be legally utilized within the Dubai International Financial Centre (DIFC). Now the total list of approved coins is brought to five, with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) authorized back in 2022. Recognition by the Dubai...
Read More »Bitcoin Cash Analysis: More Pain Ahead for The Bulls?
Bitcoin cash price started a fresh decline from the $270 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $250 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...
Read More »EOS Price Analysis: Bulls In Control, Aim For $0.70
EOS price started a fresh increase above the $0.60 resistance against the US Dollar. The price is now trading above $0.612 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6295 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.6600 and $0.6720 resistance levels. EOS price is rising above $0.6200 against the US Dollar, like Bitcoin. The...
Read More »Litecoin (LTC) Price Analysis: Indicators Suggest Decent 10% Increase
Litecoin started a steady increase above $67.50 against the US Dollar. LTC price is now trading above $68 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $67.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $71.20 and $72.85 resistance levels. Litecoin price is recovering from the $67.00 zone against the US Dollar, like Bitcoin. LTC...
Read More »Flare Integrates Elliptic’s Crypto Risk Management Solutions to Fortify DApps against Financial Crimes
The partnership will allow Flare dApp developers to benefit from Elliptic’s real-time transaction screening and crypto wallet checks. Flare, a layer 1 EVM blockchain that provides developers with decentralized permission into data from various chains, and the internet, has announced that they are partnering with Elliptic, a global leader in crypto risk management. The collaboration aims to integrate Elliptic’s robust risk management rules into the Flare network to enhance the security and...
Read More »Tangem Ring to Debut at Cardano Summit 2023
In addition to the Tangem Ring, Tangem will use the Cardano Summit 2023 as a platform to announce exciting details about Tangem Pay. The crypto industry is about to get a fashionable upgrade as Tangem, the pioneering blockchain hardware wallet manufacturer, unveils its latest creation, the Tangem Ring, at the annual Cardano Summit 2023 in Dubai. Tangem Ring: A Fusion of Fashion and Crypto The Tangem Ring represents a groundbreaking intersection between fashion and cryptocurrency, appealing...
Read More »Turkey Prepares Fresh Crypto Legislation to Escape FATF ‘Grey List’
Turkish Finance Minister noted that work related to the crypto assets regulations is the final outstanding matter in order to achieve full compliance with FATF standards. Turkey’s finance minister has revealed the country’s intentions to introduce new crypto regulations, aiming to secure removal from the Financial Action Task Force’s “grey list” of nations lacking sufficient anti-money laundering measures. Back in 2021, the FATF had put Turkey on the grey list. As per the Reuters report...
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