Category: Latest news

[ad_1] Quick Take The recent surge of Bitcoin, pushing its price above the $26,000 mark, has triggered notable ramifications in the crypto ecosystem. In a span of 24 hours, Bitcoin-associated liquidations have soared over $100 million, an event reflecting the intense volatility and high-stakes trading environment inherent to the cryptocurrency market. Interestingly, this ripple effect…

[ad_1] Delphi Labs general counsel Gabriel Shapiro warned that most crypto firms will struggle to comply with the new financial promotions regulations by the U.K. Financial Conduct Authority (FCA). In a Sept. 11 post on X (formerly Twitter), Shapiro noted that strict compliance with the regulations may be feasible only for centralized exchanges and a…

[ad_1] The U.S. Department of Justice (DOJ) and disgraced FTX founder Sam Bankman-Fried (SBF) are currently entangled in a legal tussle over their respective witnesses’ list, according to Sept. 11 court filings. CryptoSlate previously reported that the DOJ and SBF had moved to disqualify all the expert witnesses called upon by each party, citing various…

[ad_1] As the trial of Samuel Bankman-Fried (SBF) looms, SBF’s legal team’s proposed voir dire questions have been filed, shedding light on their potential defense strategies. The voir dire questions proposed by SBF’s legal team delve into potential jurors’ opinions on many expected topics, which could skew their biases in one way or another. However,…

[ad_1] Quick Take A notable shift in Bitcoin accumulation patterns has been observed among Bitcoin ‘whales’—entities holding 10,000 or more Bitcoin. For the first time since June, when Bitcoin was valued at $25,000, this cohort has shifted from distribution to accumulation. This change in behaviour is significant as these high-level holders, often referred to as…

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[ad_1] Meta, formerly Facebook, is developing a new artificial intelligence (AI) model to compete with OpenAI, the Wall Street Journal said on Sept. 10. According to that report, Meta intends for its new AI model to be several times more powerful than its current model, Llama 2. The company also expects that the new model…

[ad_1] Cryptocurrency markets are seeing a resurgence of bearish sentiment, marked by four consecutive weeks of outflows from digital asset investment products, accompanied by a notable increase in investor interest in short Bitcoin positions. In its weekly report, CoinShares disclosed that cryptocurrency investment products experienced outflows of $59 million over the past week. This adds…

[ad_1] David Marcus, formerly an executive at PayPal and Meta/Facebook, commented on his goals for Bitcoin development during a Sept. 11 interview on CNBC. Marcus began by describing his current company, Lightspark, which is building payment solutions for Bitcoin’s Lightning Network. He said: “What we’re trying to do is turn Bitcoin into a real global…

[ad_1] GAM3S.GG, formerly known as Polkastarter Gaming, recently concluded a $2 million seed funding round led by Mechanism Capital and participated by several high-profile venture and angel investors, according to a press release seen by CryptoSlate. GAM3S.GG aims to be the “IGN for web3,” and the funds raised will be utilized to scale and grow the…