Category: crypto

Standard Chartered’s Geoffrey Kendrick warned of heightened Bitcoin volatility before the US presidential elections. Positive market sentiment, stable open interest, and reduced short liquidations suggest potential for favorable performance post-election. Kendrick projected a price surge if Trump wins, with a Republican sweep possibly propelling Bitcoin to $125,000. Harris victory may introduce short-term uncertainty.

The Blockchain Association reported that its member firms spent $400 million on legal defense against SEC enforcement actions led by Chair Gary Gensler. The SEC filed 104 enforcement actions in the crypto sector, leading to job losses and reduced US investment. A survey showed voters prefer clear rules over enforcement-focused regulation.

Crypto companies are highly affected by audio and video deepfake frauds in 2024, with over half reporting incidents in a recent survey by forensic services firm Regula. The survey of 575 businesses in seven industries showed that crypto businesses are tied with law enforcement as the most affected by audio deepfake fraud, and have the…

Former President Donald Trump celebrated the 16th anniversary of the Bitcoin whitepaper with a pledge to support the crypto industry and end the “war on crypto.” He highlighted his plan to pardon Silk Road founder Ross Ulbricht and promote Bitcoin as a symbol of financial autonomy. Trump’s pro-crypto stance has garnered support from the community,…

Tether Limited reported a net profit of $2.5 billion in the third quarter, with year-to-date profits reaching $7.7 billion. Strong numbers were driven by gold holdings and excess reserve buffer exceeding $6 billion. The company holds over $105 billion in cash and cash equivalents, including $102.5 billion in US Treasuries. Tether’s stablecoin supply surged to…

The SEC has issued a Wells notice to blockchain gaming platform Immutable, part of a crackdown on crypto companies ahead of the US election. Immutable claims the SEC’s actions are part of a “regulation-by-enforcement” policy without meaningful dialogue. The allegations focus on the 2021 listing and private sales of its token IMX. Immutable is prepared…

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand on Nov. 11. The proposed changes would affect the governance token supply, introducing a deflationary tokenomics model and new incentives for engagement.

A report by Animoca Research found that tokens listed on major exchanges from January to September had negative median performance of 40% to 70%. Binance and OKX had the fewest listings, while Bitget listed the most. March and April were peak months for listings. Tokens with higher MC/FDV ratios had higher valuations.

MicroStrategy plans to raise $42 billion over three years to increase its Bitcoin holdings. The “21/21 Plan” involves $21 billion from equity and $21 billion from debt. The company aims to buy more Bitcoin as a treasury reserve asset to increase shareholder value. This could result in acquiring around 580,000 BTC.

Tron founder Justin Sun announced the integration of Chainlink’s oracle services, which will benefit both networks in the stablecoin and real-world asset sector. Tron will cover initial operating costs for the integration, gradually shifting them to dApp users. Chainlink’s data feed will provide reliable pricing data for Tron’s DeFi platforms.