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Sep 30, 2023 at 11:04 // Price Author Coin Idol The price of Shiba Inu (SHIB) is capped between the price levels of $0.00000690 and $0.00000760, but has held steady above the support level of $0.00000720. Shiba Inu price Analysis by Coinidol.com. Shiba Inu (SHIB) Price Long-Term Forecast: In Range The 21-day line SMA has slowed down the upward movement of the price. SHIB price is trying to break the 21-day line SMA today. However, since the beginning of the decline, the 21-day line SMA has remained intact. The presence of doji candlesticks makes it unlikely ...

Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain. Terraform Labs co-founder Do Kwon has refuted the significance of Slack messages as evidence , which involved discussions with his co-founder Daniel Shin about manipulating transactions on the Terra blockchain to attract investors. The United States Securities and Exchange Commission (SEC) included the Slack conversation between the two co-founders, which was dated back to September 2019, in a recent court filing. Slack message report between Do Kwon and Daniel Shin. Source: Docdroid The message report suggests the two co-founders were brainstorming strategies to increase investor interest in the Terra blockchain. However, Kwon showed the intention of influencing transactions to create a more appealing image: “I can just create fake transactions that look real.” Kwon further elaborates that these transact...

Stablecoin issuer Circle weighed in on the Securities and Exchange Commission’s (SEC) lawsuit against Binance, arguing that stablecoins are not securities. The SEC had said in its June lawsuit that the Binance USD (BUSD) stablecoin was sold as an investment contract, and thus a security under the law, because it offered a yield via a reward program. Circle’s filing argues that stablecoins cannot be securities. “Payment stablecoins, on their own, do not have the essential Features of an investment contract,” it said in a   court filing . “Decades of case law support the view that an asset sale — decoupled from any post-sale promises or obligations by the seller — is not sufficient to establish an investment contract.” Circle also argued that assets pegged to the dollar are not securities because their buyers do not anticipate making a profit given the 1:1 ratio to the fiat currency it is pegged to.  Binance Fights for Surviv...

Sep 29, 2023 at 10:30 // Price Author Coin Idol Coinidol.com reports the latest price Analysis of Ethereum (ETH). September 29, 2023 ETH price has continued to rise as the altcoin has risen above its moving average lines. Ethereum Price Long-Term Analysis: Bullish The bulls struggled to break the 50-day line SMA during the initial rally, but have since managed to do so. As it approaches the overbought area of the market, Ether is currently on the retreat. If the price pulls back and finds support above the moving average lines, the current up trend will res...

Dan Gambardello predicted in his latest analysis that ADA could soar to as high as $10 in the next bull cycle. The analyst based his bullish prediction on the fact that ADA’s market cap is following the same trend as ETH’s. At press time, ADA was changing hands at $0.2504 following a 2.56% gain over the past 24 hours. The cryptocurrency analyst and trader Dan Gambardello predicted in his latest Analysis that the price of Cardano (ADA) could hit $10 in the next bull run. At the core of his bullish outlook lies the fact that ADA’s market cap is displaying a similar trend to that of ETH’s during Ethereum’s early days. Gambardello also highlighted Cardano’s DeFi growth during this latest bear market, which he speculated could be a catalyst for ADA’s journey towards the $10 prediction. Along with Cardano’s growth within the DeFi space, the analyst shared his belief that Cardano’s underlying technology is better than that of Ethereum’s – giving ADA an edge ov...

World Blockchain Summit, an event by Trescon, returns to Dubai on 1-2 November 2023 at the Address Dubai Marina, with strategic partners like Dubai AI & Web3 Campus by DIFC, the largest cluster of Artificial Intelligence and Web3 companies in MENA. The Summit, one of the longest-running global blockchain series, has become an integral platform where top blockchain-leaders, industry veterans, web3 innovators and visionaries converge to debate over the current trends and innovations that are driving the inclusion of blockchain based solutions in key sectors of the global economy. Dubai, one of the leading financial hubs in the region, is rapidly becoming the global blockchain capital through its progressive regulations, favourable investment climate and expanding digital infrastructure. As per a recent Fintech Global report, Blockchain and Crypto emerged as a dynamic subsector within the UAE’s FinTech landscape, commanding a substantial 42 per cent of the total deals...

Snook, a multiplayer game, is launch ing on Arbitrum, an Ethereum layer-2. The move is aimed at expanding its player base and introducing USDC, a stablecoin, to complement its native token, SNK. Snook deploys on Arbitrum, enhance gaming experience Snook is a fast-paced blockchain game focused on rewarding gamers based on their skill and effort to thrive in a kill-or-be-killed environment.  The player’s ability to perform directly decides the value of their non-fungible token (NFT) character that can be sold in the secondary market.  You might also like: US SEC may approve Ethereum futures ETFs next week The platform aims to enhance  gaming experience by ensuring that each player’s in-game character is an NFT with immutable records of their skills and achievements.  If a player’s NFT survives, they can continue participating in games, enhancing their traits and continuously increasing their value. The launch on Arbitrum allows the NFT-based game to e...

The potential for a Bitcoin Exchange-Trust Fund ( ETF ) getting the green light this year took a hit with revelations that the U.S. Securities and Exchange Commission ( SEC ) might abstain from such endorsements. In a recent post, Bloomberg’s seasoned analyst, James Seffyat, shed light on this. He emphasized that recent SEC activities hint at no forthcoming ETF approvals 2023. Particularly concerning to observers was the SEC’s decision to bypass pending second deadlines and postpone the ARK 21Shares ETF filing. This move, Seffyat speculates, signals the likelihood of the SEC stalling all forthcoming filings. Major ETF filings from BlackRock, Bitwise, VanEck, Invesco, Wisdomtree, Fidelity, and Valkyrie are slated for October deliberation. Pondering the reasoning behind the SEC ’s early delay, Seffyat posits two possibilities. The impending U.S. Federal Government shutdown might prompt the SEC to clear its slate. With an anticipated furlough affecting 90% of the SE...

During a Sep. 27 hearing, policymakers hammered Gary Gensler over the Security and Exchange Commission’s (SEC) non-compliance with requests for documents including records related to bankrupt crypto exchange FTX and its founder Sam Bankman-Fried. Rep. Patrick McHenry voiced skepticism regarding Gensler’s commitment to remedying bipartisan legislative concerns and protecting investors, noting that Congress’s patience was “wearing thin”. @SECGov Chair @GaryGensler continues his blatant disregard for Congress in pursuit of a radical agenda that threatens the integrity of our financial markets, protection of investors, & our economic competitiveness. Our patience is wearing thin. #WATCH my opening remarks ️ pic.twitter.com/MTJIdNaBGD — Patrick McHenry (@PatrickMcHenry) September 27, 2023 “Bitcoin does not meet the Howey test which is the law of the land about being an investment contract,” Gensler said about treating Bitcoin as a security. The SEC ...

In the latest Cointelegraph Report, we assessed the value AI is bringing to the crypto industry, by separating the hype from real use cases. In the latest Cointelegraph Report, we sought to find out the real value AI brings to the crypto industry beyond the hype surrounding the technology. To do so, we looked into three main areas where AI is impacting crypto : trading, data analytics, and user experience.  For many years, trading bots have allowed users to execute trades in an automated way based on certain pre-set parameters.  With the recent development of Large Language Models such as ChatGPT, AI-powered bots are capable of processing large amounts of historical data, which can be helpful in predicting future price movements.  However, despite the latest advancements, AI-powered bots are still not sophisticated enough to elaborate complex trading strategies. “It's basically like having a bunch of dumb partners who can, who can adhere to very basic commands, but they can'...

According to analysts, Cardano and Klaytn may recover in October after a lackluster performance in September. Meanwhile, after rallying 80% in August, experts maintain a bullish outlook on Everlodge in the ongoing presale. Everlodge rallying in presale ELDG, Everlodge’s native token, is up 80% in the first three presale stages, rising from $0.01 to $0.018.  At this pace, bulls expect more growth in the next few months.  Everlodge is a decentralized finance (defi) marketplace that allows investors to fractionally invest in vacation properties such as holiday homes, luxury villas, and hotels.  The platform simplifies buying and selling, eliminating the need for countless third parties and endless paperwork. Contracts are irrefutable as all ownership data is kept on the blockchain.  Everlodge also aims to reduce the barriers to entry for property development, allowing investors to trade anonymously regardless of their credit score and country of orig...

Chase Bank will start to block crypto payments in U.K. from October 16th. The retail bank says the ban is related to an increase in crypto frauds. Chase Bank has an active user base of well over 1.0 million in the U.K. Chase Bank – a subsidiary of JPMorgan has decided to ban crypto -related transactions in the United Kingdom. Why is Chase Bank banning crypto transactions? Payments via outgoing bank transfers or the debit card suspected to be linked to crypto currencies in any way will be blocked from October 16 th , the bank told its customers in an email today. Chase said it was moving to impose an outright ban because crypto scams are on the rise in the U.K. We’ve seen an increase in the number of crypto scams targeting U.K. consumers. So, we’ve taken the decision to prevent the purchase of crypto assets. The retail bank has an active user base of well over 1.0 million in the United Kingdom. U.K. consumers have lost millions to cry...

Yield Farming price tokens may be losing their steam, or so it seems. Many yield farming tokens have lost significant value in the past few months. Among crypto tokens losing value are UNI, SNX, COMP, BAL, and YFI. Yield Farming price tokens may be losing their steam, or so it seems. Over the past few months, many yield farming tokens have lost significant value, making them unattractive to crypto investors. Among crypto tokens that fall under this category are UNI, SNX, COMP, BAL, and YFI. Uniswap (UNI) Uniswap is one of the most popular yield farming tokens available in the DeFi industry. It is a well-known digital asset among participants in the DeFi ecosystem due to its role in facilitating automated trading. UNI, Uniswap’s native token, has been under bearish pressure since August. UNI has lost 37% of its value in less than two months, with the chart looking significantly bearish. UNI’s traded for $4.226 at the time of writing, with a market cap of $...

Trader Joe submits a short-term incentive proposal of 1.83 million ARB to Arbitrum. The grant is intended to foster growth and innovation on Arbitrum The proposal signifies Trader Joe’s commitment to enduring, collaborative relationships and a community-first approach. Trader Joe, the largest decentralized exchange (DEX) on the Avalanche blockchain, recently submitted a short-term incentive proposal of 1.83 million ARB to Arbitrum, the decentralized autonomous organization (DAO) built on Ethereum. Earlier today, Trader Joe shared a post on X (formerly Twitter) announcing a significant commitment to the Arbitrum ecosystem. Trader Joe has submitted its short-term incentive proposal to the Arbitrum DAO Trader Joe is committed and aims to further support native, multi-chain, and builders that have yet to deploy or launch on #Arbitrum. The proposed grant aims to foster deep and highly efficient… pic.twitter.com/njfQilB59V — Trader Joe (@traderjoe_xyz) Septem...

Decentralized peer-to-peer network Mixin Network said it can only guarantee the security of 50% of user funds after a $200 million breach. “No matter what your assets are — whether it’s Bitcoin or Ethereum — we will ensure that half of it is unaffected,” said Mixin founder Feng Xiaodong in a live broadcast. “We’re trying to find a way to recover the compromised money, but that is very difficult.” The news about the security breach caused a 5% drop in XIN, the network’s digital currency. Source: CoinGecko Mixin Suspends Some Services Temporarily Due to the security breach, Mixin Network has temporarily halted its deposit and withdrawal services. It also said it’s sought assistance from Google and SlowMist, a blockchain security company, to help with the ongoing investigation. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by ha...

The amount of unclaimed Arbitrum (ARB) tokens accounts for 0.69% of ARB’s total supply of 10 billion. Arbitrum, a major Layer 2 solution for the Ethereum blockchain, has officially added the unclaimed tokens from the Arbitrum airdrop to its network’s treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to the Arbitrum’s decentralized autonomous organization (DAO) treasury on Sept. 24, the foundation announced on X (formerly Twitter). The foundation emphasized that Arbitrum users will no longer be able to claim ARB tokens anywhere. “Please be safe out there,” the Arbitrum Foundation added. At the time of writing, the transferred amount of ARB is worth around $56 million. The cryptocurrency slipped 1.6% over the past 24 hours, trading at $0.81, according to data from CoinGecko. The amount of unclaimed ARB tokens accounts for 0.69% of ARB’s total supply of 10 billion. According to data from Dune Analytics, 93% of eligible users had claim ed the tokens. E...

In a critique of the current state of cryptocurrency enforcement, a former insider from the U.S. Securities and Exchange Commission (SEC) has called for a significant shift in the approach towards tackling crypto-related fraud.  In an X (formerly Twitter) post on September 23, John Stark Reed, who served as an attorney in the SEC Division of Enforcement for nearly two decades, emphasized the need for the U.S. Department of Justice (DOJ) to step in and prosecute crypto-grifters, asserting that prison time is the key to making them take enforcement seriously. He highlighted the disparity between the actions of the SEC, which primarily deals with civil enforcement, and the lack of criminal prosecutions. “The stark reality is that the SEC is merely a civil enforcement agency. And until crypto-grifters face the threat of DOJ prosecution (i.e. prison time), they will continue to treat SEC enforcement-related risks (like injunctions, penalties, and disgorgement) as the cost of ...

In a daring and unprecedented operation, Venezuelan authorities raided the notorious Tocorón prison, unveiling a shocking combination of criminality and technology. This vast complex, previously run by one of the country’s most powerful organized crime groups, was revealed to house weapons like rocket launchers and grenades and a clandestine Bitcoin mining operation. There were bitcoin miners in one of the most dangerous places in Venezuela Recently, we saw an intervention in Tocorón, one of the most known jails in the country, in which the criminals were in control. Besides all the weird things that they had, they even had some bitcoin… pic.twitter.com/xEfZfj9NJN — Javier ₿astardo (@criptobastardo) September 22, 2023 The Tocorón Prison Raid The Tocorón prison, located in Aragua state, had gained infamy as a den of criminals, housing not just inmates but also lavish facilities like a swimming pool, gambling rooms, discotheques, baseball fields, and ev...

Crypto analyst Benjamin Cowen says that altcoins will likely perform poorly for the remainder of 2023 based on historical patterns. Cowen tells his 787,000 YouTube subscribers that altcoins will likely struggle to close out the year as they had in other pre-halving years. The next Bitcoin (BTC) halving is expected in April 2024, when miner rewards are cut in half. “The point is that regardless of what the S&P does, there’s a good chance that crypto, especially the altcoin market, is going to be struggling for the rest of the year, which is pretty common in pre-halving years for altcoins to really struggle, especially for the last half of it. So just be aware that this is pretty normal. Even outside of recessions or recession scares, it’s not that uncommon to see this type of behavior.” The trader also warns that while Bitcoin is up this month, BTC could close the month in the red as it had in 2019, the previous pre-halving year. “Bitcoin has bac...

Bitmain, a crypto mining rig manufacturer, is investing $53.9 million in Texas-based Bitcoin mining company Core Scientific as part of an ongoing supply contract. The deal comprises cash and equity for acquiring 27,000 Bitcoin mining servers. Bitmain will supply Core Scientific with these servers. Core Scientific will pay $23.1 million in cash and issue $53.9 million worth of its common stock to Bitmain in exchange. Core Scientific, which filed for Chapter 11 bankruptcy in December 2022, anticipates a court to establish its share price during its financial restructuring. The company anticipates approval of the plan in the last quarter of the year. Bitmain has also inked a new hosting agreement with Core Scientific. Bitmain’s CEO, Max Hua, commended Core Scientific for their professionalism, integrity, and dedication to the success of their hosting customers and the growth of the Bitcoin Network. You might also like: US Senator says Bitcoin mining could boost energy gri...