Features Crypto News by Thebittimes.Com

According to a filing in the Bankruptcy Court for the District of Delaware, the estate of crypto exchange FTX has settled lawsuits against the parents of its founder, Sam Bankman-Fried (SBF). According to the document, which was originally filed in February and appears to have been largely overlooked, the lawsuits have been dismissed without prejudice. Allan Bankman and Barbara Fried participated in critical aspects of the FTX business and its associated hedge fund, Alameda Research, that misappropriated funds from FTX customers. For years, Bankman and Fried’s ultimate culpability for actions related to the crimes of their son remained unknown. Today, SBF is in prison serving a 25-year prison sentence. Nevertheless, his parents remain free civilians. The US government has never publicly charged his parents for crimes. Million-dollar payments from FTX to SBF’s parents When John J. Ray III took over to clean up the FTX collapse in November 2022, a forensic Analysis ...

Bybit, the second-largest cryptocurrency exchange, has announced the launch of Copy Trading Gold&FX, a new feature allowing users to replicate trading strategies employed by more experienced users with Tether (USDT) as collateral, as reported to Finbold on Monday, January 20.  With the launch, Bybit has become the first crypto exchange to offer copy trading specifically tailored to gold and foreign exchange (Forex) markets. All relevant copy trading Features are available directly within the user’s MT5 account. Picks for you If you put $1,000 in Bitcoin at the start of 2025; you’d now have this much 10 mins ago Solana (SOL) price prediction amid TRUMP and MELANIA meme coin momentum 1 hour ago ...

HKVAEX and VAEXC are different crypto platforms in Hong Kong and have nothing to do with each other, a HKVAEX representative said. Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said. Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license , the HKVAEX representative claimed the crypto exchange is yet to submit an application. “We are still preparing for the application at the moment,” the HKVAEX representative told Cointelegraph on Nov. 27. The spokesperson stressed that HKVAEX should not be confused with VAEXC, which applied for a crypto license in Hong Kong on Oct. 25, according to SFC data. “VAEXC is another applicant, and they have nothing to do with us,” the HKVAEX representative said, adding that the firm is unrelated to HKVAEX. Hong Kong VAEXC license application. Source: SFC The news came a few weeks a...

Buy Bitcoin and Ether legally and securely in the U.K. and get insights on regulations, storage and investment options to make informed decisions. To navigate the process of buying Bitcoin effectively, it is essential to explore secure options. In the United Kingdom, acquiring cryptocurrencies is legal, yet it can pose challenges, as the government underscores the need to comprehend the associated risks.  For an effective traversal of the crypto landscape, investors should follow key steps, including choosing the right crypto exchange or broker, setting up a secure wallet and making informed decisions regarding payments and orders. This article examines how to purchase Bitcoin (BTC) and Ether (ETH) in the U.K. while offering information on legal considerations, secure storage options, cryptocurrency exchanges and brokers for effortless market navigation. Is it legal to buy Bitcoin and Ether in the U.K.? While the legal status of cryptocurrencies varies from one country to another, buy...

The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network. Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the way for a mainnet launch, which is being organized by the dYdX Decentralized Autonomous Organization (dYdXDAO) SubDAO on Operations. 1/ It’s finally here Today, we’re proud to present and fully open- source the completed dYdX Chain! This is the next chapter for dYdX and we’re so excited that it’s here. Let’s get into the details:https://t.co/ydil2jkqJs — dYdX (@dYdX) October 24, 2023 DYdX is one of the largest non-custodial cryptocurrency exchanges, with over $2.6 billion in daily trading volume, according to Coingecko. However, it relies on a centralized order book to match traders with market makers. Becaus...

Bitcoin and select altcoins are looking strong at the start of October, but will the flashpan bullish momentum last? The United States legislators in the House and Senate came to a temporary agreement on Sep. 30 and averted a government shutdown for 45 days. This news could have acted as a catalyst for Bitcoin’s (BTC) sharp rally on Oct. 1. Additionally, the historically strong performance of Bitcoin in October could have boosted sentiment further. The U.S. stock markets are also in a sweet spot in October. Data from the Stock Trader’s Almanac shows that the S&P 500 Index (SPX) has risen by an average of 0.9% in October, between 1950 and 2021. However, it does not mean that the bulls can be carefree because the stock market weathered one of its worst declines in the Black Monday crash in October 1987. Daily cryptocurrency market performance. Source: Coin360 While a short-term up-move is possible in the cryptocurrency markets, it is unlikely to start a runaway rally. Higher levels ...

The Remitano exchange experienced suspicious transactions as over $2.7 million was drained from its wallet by a single account. Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked . A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers' crypto. At approximately 12:45 p.m. on September 14, a known Remitano hot wallet began sending funds to an address with no prior history. Approximately $1.4 million worth of Tether (USDT) and $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 Ankr tokens (worth $2,000 at the time) were moved to address 0x74530e81E9f4715c720b6b237f682CD0e298B66C. Blockchain analytics platform Cyvers has alerted the crypto community about the alleged suspicious transactions. ALERT...

Bitcoin and altcoins lose more ground after comments from the Federal Reserve suggest that the regime of interest rate hikes could continue into 2024. Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer.  However, a positive sign is that after a brief sell-off, the United States equities markets have recovered from their intraday lows. With the event having passed without any major price movement, traders are back to guessing as to what could move the markets next. Daily cryptocurrency market performance. Source: Coin360 Pantera Capital believes that Bitcoin’s (BTC) price action will continue to follow its previous halving cycles. If that happens, Bitcoin could rise to $35,000 by April 2024 when the next halving is expected to occur. Af...

DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy. The criminal trial of FTX co-founder Sam Bankman-Fried will be going ahead with the eight charges he was initially pinned for by United States prosecutors — at least for now. In a June 14 court filing, prosecutors with the U.S. Department of Justice (DoJ) wrote a letter to district judge Lewis Kaplan saying they would proceed to try Bankman-Fried on the eight charges they levied against him in December 2022. The DoJ lawyers cited a motion filed by Bankman-Fried in the Bahamas, who argued that many of the 13 charge s he faced were not in the original indictment, which was the basis for his extradition from the country. As this is likely to be a lengthy process, the prosecutors wrote, they’re “prepared to proceed to trial as scheduled on the counts contained in the original indictment.“ “It now appears that litigation of that mo...

The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around $18,000 to over $27,000 at publishing time. However, the cryptocurrency has been stuck in a narrow range for the past two months, fluctuating between $26,000 and $29,000. It has occasionally attempted to break out above $30,000 but also faced some dips to $25,500. According to CCData, Bitcoin’s volatility has dropped to 48.2% this year from 62.8% last year and from 79% in 2021. The cryptocurrency’s average daily change so far this year has been steady, with gains of 1.68% and losses of 1.93%. /1 ...

Users of the decentralized exchange will also be able to use bank transfers to purchase crypto. Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and Single European Payments Arena, also known as SEPA. In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes.  1/ Go direct to DeFi Starting today, you can now purchase crypto on the Uniswap Web App using a credit / debit card or bank transfer at the best rates in Web3 thanks to our partnership with @moonpay! https://t.co/YVyk8e6d2h — Uniswap Labs (@Uniswap) December 20, 2022 According to Uniswap, decentralized exchanges (DEX) are a much safer option than c...

Ethereum price is down today and a growing list of challenges could continue to weigh on ETH price for the foreseeable future. Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by 4.49% in 24-hours. Following the FTX exchange scandal, regulators are attempting to fast-track new regulations on the cryptocurrency sector. Total USD value locked on the Ethereum network. Source: DefiLlama While some analysts believe Ethereum still possesses multiple bullish catalysts that warrant investing in the asset, on-chain data paints a grim picture of its short-...

The sudden uptick in outflows may have been caused by market makers leaving the exchange. Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm, Nansen, indicates that Binance has had net withdrawals of more than $3.6 Billion from Dec. 7 to Dec. 13. Binance gross outflows have been approximately $8.8 billion, while gross inflows have been around $5.1 billion. Binance Netflow 7D ($) -3,660,311,347 8,783,380,428 - Outflow 5,123,069,081 - Inflow Exchange Flows dashboard ️https://t.co/CYrBQLryQ0 pic.twitter.com/vV6vcqoWKK — Nansen (@nansen_ai) December 13, 2022 In addition, daily net inflows of Ethereum ERC-20 tokens to Binance were more than $2 billion per day back in November, but have reversed into outflows of over $1 billion from Dec. 12-13. Binance ERC-20 Token Flow and Balance. Source: Nansen Analytics According to Nansen technician Andrew Thurman, the drop in liquidity may have been partially caused by large market makers exiting t...

The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews. The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the exchange’s improper use of customer and investor funds.  OnNov 30, Bankman-Fried made his first live public appearance since the collapse of FTX — answering a number of questions during the DealBook Summit in New York. In the interview, Bankman-Fried claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX. He shared:  “I unknowingly commingled funds. [...] I was frankly surprised by how big Alameda’s position was, which points to another failure of oversight on my part and failure to appoint someone to be chiefly in charge of that.” In another interview that aired on the morning of Dec. 1 on Good Morning America, Bankman-Fried denied any kno...