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Terraform Labs co -founder Do Kwon is pushing back against the United States Securities and Exchange Commission ( SEC ) regarding Slack messages presented as crucial evidence in an ongoing Legal battle . These messages, dating back to September 2019, involve a discussion between Kwon and his co -founder , Daniel Shin, regarding potential tactics to boost investor interest in the Seoul-based payments provider, Chai Corporation . The exposed chat reveals that Kwon and Shin brainstorm strategies to attract investors. Chai Corporation, founded by Kwon and Shin in mid-2019, had close ties with Terraform Labs until their separation in 2020. The leaked messages indicate that Kwon had plans to shape transactions to make them more appealing, stating, “I can just create fake transactions that look real.” He believed these transactions could generate fees and be phased out gradually as Chai grew. Kwon also sought confidentiality, saying, “I won’t tell if you won’t.” He expressed confidence th

Uppercent will feature in the upcoming Wave Of Innovation Gold Coast event in March 2024. According to Jake, Uppercent’s new model differentiates itself from other e-learning platforms. Jake believes Uppercent’s new project would add significant utility to XRP. Uppercent, the innovative online educational platform, will feature in the upcoming Wave Of Innovation Gold Coast event in March 2024. According to Jake, founder of Uppercent, he is excited about upcoming developments in the Flare Network, a blockchain for data. He believes this would add significant utility to XRP. Part of the Builder's Series of featured business models that are connected to the greater #XRP ecosystem. Jake at @uppercent_, leads a project on @FlareNetworks, XRPL integrated. Can't wait to discuss these models at the @wave_of_innov Gold Coast Event Australia in March pic.twitter.com/puL6CdUrR1 — Crypto Eri 🪝Carpe Diem (@sentosumosaba) September 30, 2023 In a recent post on X (

Tech giant Google Cloud is now participating as a validator node operator on the Polygon proof-of-stake blockchain network. Polygon and Google both announced this week that Google Cloud has joined the decentralized set of over 100 validators helping secure the Ethereum scaling platform. In a tweet, Polygon said that the network is now using the same infrastructure that powers Google services. These include the likes of Gmail and YouTube to validate transactions on its network. Polygon highlighted the tech firm’s reputation for security and reliability as an asset for providing an added layer of protection for users. Also read: Mosaic Face CFTC Charges in Connection with ‘Digital Asset Commodity Scheme’ Google Cloud is playing a governance role in the network Validators like Google Cloud are crucial to verifying blocks and signing checkpoint votes that finalize transactions on Polygon’s proof-of-stake consensus model. By contributing node infrastructure, Google is pla

The National Bank of Georgia (NGB) is develop ing the digital GEL and is searching for a suitable partner .  NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system.  You might also like: Tether signs MOU with Georgia for bitcoin, web3, and P2P development After extensive research, NGB has shortlisted nine competing companies to work with the bank to develop the digital GEL. These companies include AUGENTIC GmbH, Bitt Inc., Broxus Holdings Ltd., Currency Network Ltd., DCM Corp Limited, eCurrency Mint Inc., FARI Solutions Ltd., Ripple Labs, Inc., and Sovereign Wallet Co., Ltd. Once the current selection process is complete, NGB will choose only one of the nine shortlisted companies to work on develop ing the digital GEL and the Limited Access Live Pilot Environment.  Georgia hosts crypto entrepreneurs and businesses due to i

The flagship crypto asset could surge depending on what one major macro indicator does next, according to analytics platform Santiment. The analytics firm reports that the US dollar index (DXY) has reached a ten-month high, causing a decline in crypto assets and the S&P 500 stocks index. According to Santiment, Bitcoin (BTC) has remained at a break-even point during the past two weeks, unlike the S&P 500 index which has fallen by 5% over the same period, despite the strong dollar. This may “indicate a breakout could come once the DXY settles down.” Source: Santiment/X Bitcoin is trading at $26,459 at time of writing. Turning to altcoins, Santiment says that caution is warranted on Maker (MKR) amid the native token of decentralized finance project Maker Protocol rallying by over 40% in slightly over a fortnight to hit a 16-month high. “An inflow of MKR moving to exchanges is something to be cautious of for at least a temporary local top.” Source: Santi

Coinbase has been approved to offer perpetual futures trading to retail traders residing outside the US. Coinbase International Exchange gained the approval from the Bermuda Monetary Authority (BMA) and will begin to offer the product to eligible customers on Coinbase Advanced in the coming weeks, it said in a Sept. 28 statement. “This regulatory approval comes at a time when other crypto exchanges are facing increased scrutiny from local regulators and backing away from various regions,” it said. “The global crypto derivatives market represents ~75% of crypto trading volume worldwide, clearly indicating a strong demand from traders for derivatives.” Coinbase Advanced will begin to offer perpetual futures trading in the coming weeks, as access to regulated derivatives expands to more global customers. Check your eligibility at https://t.co/lJOJgQa3hk — Coinbase International Exchange 🛡️ (@CoinbaseIntExch) September 28, 2023 Despite the high demand, there are few industry player

The US Securities and Exchange Commission (SEC) may allow multiple Ether futures ETFs to start trading next week, Bloomberg Intelligence analysts said. It’s “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially,” said analyst James Seyffart in a tweet on social media site X. The analyst’s comment came in response to another post published by Bloomberg’s senior ETF analyst Eric Balchunas, who shared a rumour that the regulator wants to accelerate the launch of Ether futures ETFs to get it off their plate before a government shutdown. UPDATE: Hearing the SEC wants to accelerate the launch of Ether futures ETFs (bc they want it off their plate bf shutdown) so they've asked the filers to update their docs by Fri pm (no small task to jam into 48hrs, esp for indie issuers), so they can go eff Mon and trade Tue. https://t.co/gKyQFK12aM — Eric Balchunas (@EricBalchunas) September 28, 2023 Balchunas noted that the SEC asked ETF filers to update

Cosmos gave up all of its 2023 gains and some more The $15 level acts as a pivotal one The bias remains bearish while trading below resistance Many cryptocurrency investors were thrilled to see Bitcoin and most cryptocurrencies rallying at the start of 2023. It was supposed to be the start of a new bullish market.  But some cryptocurrencies, especially the leading ones, hold onto most of their gains. For instance, Bitcoin’s price is still relatively close to its 2023 highs.  However, this is not the case for smaller projects in the cryptocurrency market. Most of them erased the 2023 gains and some more.  One example is Cosmos (ATOM/USD). It met resistance at the $15 area and then lost more than 50% of its value, erasing all 2023 gains and keeps diving.  Cosmos chart by TradingView The daily chart shows a bearish picture while below $15 In 2021, Cosmos reached $45. It failed at the level twice, putting a double top pattern that marked its historically

An impending US government shutdown may be accelerating the launch of Ethereum futures ETFs, analysts suggest. Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analyst s. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” His comments were in response to fellow ETF analyst Eric Balchunas who said he was hearing that the SEC wanted to “accelerate the launch of Ether futures ETFs.” “They want it off their plate before the shutdown,” he said, adding that he's heard the various filers to update their documents by Friday afternoon so they can start trading as early as Tuesday next week. Looking like the SEC is gonna let a bunch #Ethereum futures ETFs go next week potentially https://t.co/YoBD1d1ay8 — James Seyffart (@JSeyff) September 28, 2023 The U.S. government is

Changpeng Zhao slaps back at New York-based Wall Street Journal in a post on X. The post called out WSJ for referring to SBF as a “savior” of the crypto market. This could be in response to a WSJ publication citing Binance’s imminent downfall. Binance CEO and Co-Founder, Changpeng Zhao fired back at the Wall Street Journal, a New York-based news and media publication, for referring to bankrupt exchange FTX CEO Sam Bankman-Fried “SBF” as a “savior”. WSJ called SBF a savior… pic.twitter.com/ecNanSREIP — CZ Binance (@cz_binance) September 26, 2023 On September 27, Zhao posted on X (formerly Twitter) concerning a WSJ publication, which said: “The chief executive of cryptocurrency exchange FTX Trading Ltd. has appointed himself the industry’s savior—and crypto investors are closely watching his moves after months of market carnage.” The publication makes mention of the 30-year-old CEO as a self-appointed industry “savior,” referring to his attemp

A vast majority of institutional investors and wealth manage rs are expect ing Bitcoin (BTC) and Ethereum (ETH) to trade at higher price s than today’s, by the end of the year. The $100,000 price per BTC is also massively expect ed to happen within the next five years. These and other price predictions were addressed in a study shared with Finbold on September 27. This global research was driven by Nickel Digital Asset Management (Nickel) with 200 institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates who collectively manage around $3.5 trillion in assets. “Price predictions can of course be proved wrong in the short term by market shocks but there is genuine long-term confidence in the market with most investors believing Bitcoin will ultimately achieve the long-predicted $100,000 valuation. The market’s view on Ethereum is particularly bullish, with 99% of respondents expect ETH to finish the year above

Digital assets-focused investment firm Pantera Capital thinks one Ethereum (ETH) layer-2 scaling solution should sit “high on the list” for fundamentals-focused investors looking for projects that have made recent traction in the crypto sector. Cosmo Jiang, a portfolio manager at Pantera, notes in a new Analysis that Arbitrum (ARB) has taken “meaningful market share” in terms of transactions in the past year and has been one of the few chains to demonstrate transaction growth in the ongoing bear market. Source: Pantera Jiang argues that Arbitrum has effectively contributed to all of the incremental growth in the Ethereum ecosystem this year. “Arbitrum’s network flywheel is spinning. Based on our field research, it is evident that developers are attracted to the increasing usage and user base that exists on Arbitrum. This is the positive network flywheel: more users translates into more developers being interested in creating new applications on Arbitrum, which

Altcoin Buzz host said LINK, CRV, and ARB have received significant whale attention. According to the host, this could have bullish implications for the tokens involved. LINK rallied by 9.2% in the last week due to whale activities. One Altcoin Buzz crypto YouTube channel host said that Chainlink, Curve DAO, and Arbitrum have recently received significant whale attention. According to the host, such a development could have bullish implications for the tokens and could result in price rallies in the short term. Chainlink’s native token, LINK, rallied by 9.2% in the last week, and the Altcoin Buzz presenter believes it was due to whale activities on the network. According to the host, about 35 new addresses have withdrawn 755,687 LINK worth over $5 million within the last few days. The host noted that such whale activities suggest crypto token accumulation, especially considering the project’s viability. The host said Chainlink has a good track record and

CrediBULL Crypto suspects that BTC’s latest price drop appears to be a deliberate effort to manipulate the market. The analyst predicts that BTC’s price may rise again soon to as high as $27K. Two significant bearish flags were on the verge of being triggered on BTC’s daily chart. The recent downward movement in Bitcoin (BTC) price appears to be a deliberate effort to manipulate the market in a negative direction, according to a post shared by the cryptocurrency analyst CrediBULL Crypto. This came after a noticeable and verified accumulation phase took place over the past few days. We had clear, visible and confirmed accumulation occurring in the green square. This latest push down looks to be manipulation to the downside (red square) prior to expansion to the upside. 27k incoming imo. $BTC https://t.co/78o9iyIYRI pic.twitter.com/9uSdhLtQK4 — CrediBULL Crypto (@CredibleCrypto) September 25, 2023 Data from the market intelligence platform, Santiment, ind

Tether ’s chief technology officer Paolo Ardoino has taken to X (formerly Twitter) to defend his company against accusations that it has recently cut off Singapore from redemptions. He highlighted the fact that the firm’s terms of service point out that it cut off redemptions in the country in May 2020. Julian Hosp, the current CEO of Cake DeFi, the founder of the failed ICO TenX, and a former participant in the alleged Ponzi scheme Lyoness, has taken to X to express his displeasure that his company is unable to use Tether because it was ultimately under the control of a Singapore an entity.  Ardoino also claimed that those who rushed to cover the years-old changes were ‘spreading FUD.’  Before spreading FUD it would be great if you guys did take a look at webarchive… This is Jan 2022…. And if you open the link below: Last updated: May 12, 2020… Again, take a moment to search and verify information before YOLO posting.https://t.co/dMbDCxwbdu https://t.co/K7ugOrZMNs pic.twitter.c

Decentralized platform Mixin Network announce a $200 million exploit on its platform. The hack was caused by a breach in its cloud service provider’s database. Deposits and withdrawals on the platform are temporarily paused, but customers can still transfer assets. Amidst the overall market slowdown and bear market, Decentralized Finance platform Mixin Network has suspended deposits and withdrawals following an exploit on its platform. According to the announcement, over $200 million in crypto assets was stolen on the platform. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have contacted Google and blockchain security company @SlowMist_Team… — Mixin Kernel (@MixinKernel) September 25, 2023 On a post on X, the company announced that customers will no longer be able to deposit or withdraw t

Ripple (XRP) attempted to overcome a key resistance level but was rejected by the key price mark. A breakout pattern had formed on XRP’s 2-hour chart over the past 48 hours. At press time, XRP was changing hands at $0.5048 following a 0.93% 24-hour loss. The price of Ripple (XRP) attempted to flip a resistance level over the past 24 hours. However, the altcoin’s price was rejected by the significant price point. Consequently, the remittance token’s price lost the support of a key level throughout the past day of trading – resulting in the formation of a noteworthy pattern on XRP’s daily chart. 2-hour chart for XRP/USDT (Source: TradingView) XRP’s price had attempted to overcome the $0.5170 resistance level yesterday, but was rejected by the key price point. As a result, the cryptocurrency’s price entered into a bearish move – causing it to breach the $0.5090 support level. At press time, it continued to trade below this mark. As a result of the recent

The crypto casino Rollbit has decided to wind down its degen exchange due to “uncertainty and low adoption” a little over a month after its launch on Aug. 17 with pilot tokens like RLB and UNIBOT. Degen exchange users cannot no longer buy assets on the platform, although token sales and withdrawals remain possible according to the team. The mononymous Razer, Rollbit’s co-founder, noted that futures trading will continue and the company sees volume in this market. Of course! This update will allow us to spend even more time working on Futures, where we see great adoption and volume. — Razer (@Razer_Rollbit) September 22, 2023 Rollbit also decommissioned its Rollbot platform primarily focused on the casino’s non-fungible token (NFT) offerings. However, the company’s NFT collections are unaffected by this move. It’s important to note that these are independent changes that we’re making to better position and safeguard our business. There’s no changes to our core product, Rollbit.c

The Bitcoin mining sector has stirred significant controversy in the past. While many activists were attacking both the industry and BTC holders, there appears to be a shifting narrative. A recent study conducted by the Institute of Risk Management [IRM] has brought about a new perspective. The report, “Bitcoin and the Energy Transition: From Risk to Opportunity,” suggested that Bitcoin can play a role in driving a global energy transition. It is clearly moving on to the other side of the climate change debate. Bitcoin mining has the potential to contribute to an 8% dip in global emissions by 2030. The king coin has done so through the conversion of wasted methane emissions into less harmful forms. The report read, “We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all.” Furthermore, the r

The US SEC’s (Securities and Exchange Commission) second deadline to announce its decision on seven-spot Bitcoin (BTC) ETF s (Exchange Traded Funds) is fast approaching. The finance regulator will have to announce its decision on Oct. 16 for Bitwise, Oct. 17 for BlackRock, VanEck, WisdomTree, Invesco & Galaxy, and Fidelity, and Oct. 19 for Valkyrie. However, the agency could even decide to postpone its decision, as it did during the first deadline. Moreover, the SEC has already pushed its decision on 21Shares and ARK’s spot Bitcoin ETF application, whose second deadline was missed on Aug. 13. This puts additional weight on the possibility that the SEC will do the same for the other applications. In fact, the SEC could choose to delay announcing its decision until mid-March 2024. NEXT DATES TO WATCH: Middle of October are the next major days to watch. Namely October 16th. (& @GlobalX ETF s' Oct 7) Also, reminder that we fully expected delays on this round of spot #Bitc

During this week, the US National Debt reached its all-time high value, for an accumulated debt of over $33 trillion, which has made economists question the United States’ abilities to honor their financial obligations to Treasury investors. Interestingly, the US national debt is now over 33 times higher than cryptocurrencies’ total market capitalization of $1.04 trillion. Crypto total market cap chart. Source: CoinMarketCap This means that the United States government would need the equivalent of all the money in more than 30 crypto market s in order to repay all the investors that somehow are betting on the country’s financial health, effectively lending money to this government through US Treasury bonds. When converted to values in Bitcoin (BTC), the dominant crypto currency with over 50% of the entire market cap, this debt would be equal to 60 times the total supply of 21 million BTC. Cryptocurrency Each taxpayer would need to pay 10 BTC to get even with the