News

Federal agencies are taking a "careful and cautious" approach to prevent any spillage of crypto-related risks into the banking sector.

Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.

Widely followed cryptocurrency analyst Benjamin Cowen is expressing a bullish outlook for Bitcoin (BTC) over the coming months.

B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.

Binance criticizes Reuters over DOJ articles, Tron USDD loses dollar peg and more in this CryptoSlate Wrapped Daily.

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.

The lending firm claims it's having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing.

Longtime Bitcoin (BTC) supporter and entrepreneur Anthony Pompliano says that people in the crypto space are underestimating just how much damage has been done to the industry following the collapse of FTX and its associated entities.

Lionel Messi, one of the biggest Argentine soccer superstars, has announced his participation as an investor and brand ambassador in Sorare, an NFT (non-fungible token) game. Sorare hopes that Messi’s presence will improve the way in which the company relates to users, setting new standards in this regard. The economic details of the deal were not disclosed.

According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.

Binance is dumping all of its FTX token (FTT) holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao has confirmed. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he added. “Our industry is in its nascency and every time a project publicly fails it hurts every user and every platform.”

Billionaire venture capitalist Tim Draper is confident that global Bitcoin (BTC) adoption is proceeding extremely well.

Richard Werner discusses decentralization's challenges and blockchain's role in it in an exclusive interview with Cointelegraph.

Wallet news

A new survey has revealed that Democrats and Republicans agree cryptocurrency is the future of finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. In addition, 44% of the respondents said they expect to have crypto as part of their investment portfolio in the future.

FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.

Tesla, Spacex, and Twitter boss Elon Musk has decided to charge $8 per month for users of the social media platform to have a blue checkmark. “This will also give Twitter a revenue stream to reward content creators,” Musk explained, adding that “it is the only way to defeat the bots and trolls.” However, many Twitter users are unhappy about the announced charge.

According to the company, users within select regions can now trade and store Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

The popular crypto analyst and host of the InvestAnswers YouTube channel says that Bitcoin (BTC) could easily go on a 3x rally before the next halving event.

A Japanese crypto exchange and Web3 platform is looking to grow by going public on the Nasdaq Stock Market by 2023.

After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.”

Messina CEO willing to bet his Porsche on BTC reaching $60,000 again, Ethereum overtakes Alibaba to become 50th most valuable asset and much more in this edition of CryptoSlate Wrapped Daily.

Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible. So, what’s going to happen? We’re going to default.”

The lawmakers said Americans need to be sure that government policies were not being created to "cater to the crypto industry’s desire to 'avoid the sort of regulatory crackdown it has faced in China and elsewhere.'"

For starters, Binance Oracle will allow existing decentralized applications and Web3 ecosystem partners on BNB Chain to access data sources and advanced computations.

Dollar weakness shows instant results for BTC price strength, with local highs coming back in for a test.

Meanwhile, the minting volume of nonfungible tokens have been declining steadily.

FTX CEO Sam Bankman-Fried is in the middle of a heated debate on crypto regulation. Wintermute CEO Evgeny Gaevoy added his comments on Sunday on the state of affairs

The interest in the meme coins has also led to increased activity on Uniswap, with users reaching about 30,000 for the first time since March.

Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second (EH/s). With lower bitcoin prices and the mining difficulty at an all-time high, the current trends have not pushed bitcoin miners back in the least. Meanwhile, the next difficulty retarget scheduled to occur on or around October 23, shows another increase will take place.

Meme coins have fallen into a certain level of obscurity since the bear market began. It is an effect of the market-wide decline in interest in all things cryptocurrencies since prices of digital assets are down more than 70% from their all-time highs. However, it seems that meme coins are not yet completely out of the game. A tweet from Ethereum founder Vitalik Buterin has triggered the creation of a meme coin that is finding much success in the market.

JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.”