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Tether’s co-founder says PayPal’s foray into stablecoins will not lead to greater sector innovation.

ZyCrypto

Tether’s Co-Founder Expresses Doubt Over PayPal’s Foray Into Stablecoins, Predicting A Dearth Of Innovation

Crypto exchange Bybit has announced that it will suspend its operations in the UK ahead of new crypto marketing rules set to be implemented by the country’s top financial regulator, the Financial Conduct Authority (FCA), next month.

Major Crypto Exchange Bybit Suspends Services In The UK As New FCA Crypto Rules Bite

The crypto market is bracing for a potential wave of volatility as Bitcoin options worth $3 billion are set to expire on September 29, marking the end of the month and quarter. This article breaks down what traders can expect and how institutional players might react. The post Bitcoin Volatility Forecasted to Spike as $3 Billion Options Set to Expire appeared first on COINOTAG NEWS .

CoinOtag

Bitcoin Volatility Forecasted to Spike as $3 Billion Options Set to Expire

Hell-bent on making gains from a narrative, traders ignored calls to leave the Shiba Inu-developed token alone. Here's how Calcium rode the SHIB wave to a $1.5 million market cap.

AMB Crypto

Abandoned by Shiba Inu, picked up by traders: The story of CAL

Binance and its CEO Changpeng "CZ" Zhao have jointly filed a motion to throw out the case brought against them by the U.S. Securities and Exchange Commission (SEC).

Binance And CEO Changpeng Zhao Make Bold Move In SEC Suit With New Motion To Dismiss

Authorities say the machines were found when 11,000 troops raided the Tocorón prison this week.

Decrypt

Police Seize Bitcoin Mining Machines in Venezuelan Prison Bust

Bitcoin (BTC) is consolidating in the $26,600s on Friday, roughly in line with where it started the week as traders digest recent macro developments, like a further push higher in US yields to new multi-year/decade highs in wake of this week’s hawkish leaning Fed policy announcement.... Read More: Biggest Crypto Gainers Today on DEXTools – BEAR, CAL, MANE

cryptonews

Biggest Crypto Gainers Today on DEXTools – BEAR, CAL, MANE

On-chain insights platform Nansen has revealed that a third-party vendor's system has been compromised. As a result, about 6.8% of the customers' data have been affected. Providing more details, the blockchain analytics platform stated that the event occurred on September 20, but it declined to mention the vendor impacted by the security breach. ... Read More: 6.8% of Nansen's Third-party Vendor Impacted By Cyber Attack – What Happened?

6.8% of Nansen's Third-party Vendor Impacted By Cyber Attack – What Happened?

According to Onchain data, four different cryptocurrency whales acted together and sold this altcoin. Continue Reading: Four Whales Are Jointly Operating, Selling This Altcoin

BitcoinSistemi

Four Whales Are Jointly Operating, Selling This Altcoin

Cryptocurrency analysis firm Arkham disclosed that it has identified the Bitcoin reserve wallets of Coinbase, one of the world’s leading cryptocurrency exchanges. According to Arkham, Coinbase owns approximately 1 million BTC, valued at over $25 billion. This makes Coinbase the world’s largest known Bitcoin holder. The discovery was made possible through Arkham’s proprietary algorithm, which ... Read more

Cryptopolitan

Coinbase revealed as the world’s largest known Bitcoin holder— here are their other holdings

Ben Armstrong, popularly known as Bitboy, has released a new video discussing the future of XRP. In the video, the renowned crypto analyst delves into a detailed analysis of the potential rise of XRP. The post Bitboy (Ben Armstrong) Discusses XRP’s Future and Price Analysis in New Video appeared first on COINTURK NEWS.

CoinTurk News

Bitboy (Ben Armstrong) Discusses XRP’s Future and Price Analysis in New Video

FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October. Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that…

crypto.news

FTX ramps up asset recovery ahead of Bankman-Fried’s trial

The sudden surge in gas prices was traced back to a wallet associated with Binance, known as "Binance 14."

Crypto Potato

Binance Hot Wallet Spends $840k Worth of Ether in Gas Fees: Data

After FTX's bankruptcy, Coinbase explored acquiring the failed company's European unit amid interest to grow derivatives offerings.

TheBlock

Coinbase mulled buying FTX Europe post-bankruptcy: report

Bitcoin price volatility is expected to escalate in the run up to the month-end and quarter-end options expiry date next Friday.

Bitcoin volatility may rise as options worth $3 billion expire at end of month

According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt and Northern Data’s Peak Mining Strike $150M Deal, Focus on

Bitcoin.com

Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech

Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months. DOT Is Down Over 90% The dip follows the crypto winter in 2022. However, the upcoming upgrade might catalyze demand, even supporting DOT, the native currency. DOT is changing hands at $4 at spot rates, down by over 90% when prices soared to as high as $55 in the last bull market. Even though the contraction has significantly impacted prices, other altcoins, including Solana and Algorand, suffered the same fate. Even so, with the Asynchronous backing update, whether DOT will find support is yet to be seen. The reveal on September 21 didn’t move DOT, and the coin is edging lower, towards 2023 lows. Related Reading: Privacy For All: Brave To Integrate Zcash Protocol On Native Crypto Wallet Polkadot developers are now setting their eyes on Asynchronous backing. Sophia Gold, the Engineering Lead at Parity Technologies, said the update is “the most significant evolution of parachain consensus since we launched parachains almost two years ago.” Their goal is to increase the number of parachains to 1,000 by the end of 2024, effectively boosting the network’s transaction processing speeds to over 1 million. Asynchronous backing enables flexible scheduling for our future scaling work through elastic scaling and instantaneous core time. We have a credible roadmap to get Polkadot to support 1,000 parachains and 1m+ transactions per second. The design is there – we know how to scale Polkadot for the indefinite future. The Asynchronous Backing: What It Means For Polkadot With this update, Polkadot is introducing a feature called “pipelining.” This means multiple parachain blocks can be processed simultaneously instead of waiting for one block to be fully validated and included on the relay chain before moving on to the next one. Accordingly, Polkadot would process more transactions every second at any instance, effectively scaling the network without relying on layer-2 solutions common in Ethereum or Bitcoin, for example. Since “pipelining” will enhance throughput, Polkadot will have a higher capacity. For this reason, the developer plans to half blockchain validation time from 12 to 6 seconds. Related Reading: This Bitcoin Chart Mirrors Sinister 2019 Shadow: Retrace To $20,000 On The Horizon? A key feature about Asynchronous backing is that any parachain block that fails to be added to the “relay chain” on the first attempt can be reused. Developers note that this will significantly improve network efficiency due to reduced wastage. It is the combination of pipelining and reusing of parachain blocks that Polkadot developers say opens the door for the number of Parachains to be increased from the current 100 to 1,000. With enhanced on-chain scalability, running more parachains can be more feasible. Feature image from Canva, chart from TradingView

NewsBTC

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain.

CoinTelegraph

Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

Twelve major incidents security incidents occurred this week, leading to crypto losses of roughly $6.4 million. According to web3 security firm CertiK, these losses were due to crypto hacks and phishing attacks through Discord and X (formerly known as Twitter).…

Discord and Twitter hacks result in crypto losses of $6m

Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings of US treasuries from $835.4 billion in June to $821.8 billion in July – a decrease of $13.6 The post $18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month appeared first on The Daily Hodl .

The Daily Hodl

$18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month

Amidst a volatile week for equity markets, Bitcoin shows surprising stability above the $26,000 mark. This in-depth analysis explores what could be influencing this unexpected resilience and what's next for Bitcoin's price. The post Bitcoin Defies Equity Market Decline, Maintaining Stability Above $26K: Analyzing What Lies Ahead appeared first on COINOTAG NEWS .

Bitcoin Defies Equity Market Decline, Maintaining Stability Above $26K: Analyzing What Lies Ahead

A federal judge in California denied the motion to dismiss the case against Compound Labs and its associated entities, after allegations of violating financial regulations. This means owners of the COMP token can move ahead with their lawsuit. Partner identification…

Judge denies motion to dismiss in Compound DAO case update

Crypto analyst Benjamin Cowen suggests that based on historical data, altcoins are likely to have a bad performance in the late months of 2023. Cowen stated on YouTube that altcoins will probably struggle to close the year, just like in previous years before halving. The post A Crypto Analyst Claims Altcoins Will Perform Poorly in Late 2023 appeared first on COINTURK NEWS.

A Crypto Analyst Claims Altcoins Will Perform Poorly in Late 2023

Santiment, an on-chain market intelligence platform, recently took to Twitter to notify the community that Bitcoin’s non-whale wallets, users with less than 100 BTC, have climbed to a new All-Time High. The market intelligence platform also points out that the non-whale wallets now own 41.1% of the available supply; meanwhile, BTC whales own 55.5% of The post Will BTC Fall Despite Bitcoin’s Non-Whale Wallets Reach All-Time High? appeared first on Coin Edition .

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