Author: Cointelegraph By Prashant Jha

Bitcoin Investing Made Simple!

SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System

SafeMoon, a decentralized finance project exploited in March, resulting in a net loss of $8.9 million in BNB, has been charged by the United States Securities and Exchange Commission and its key executives for security rules violations and frauds. The funds associated with the exploit have been on the move via centralized exchanges and Match…
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Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

On the 15th anniversary of Bitcoin white paper release, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator Satoshi Nakamoto on the floor of the Canadian parliament while advocating for people to study Bitcoin. During his speech on the parliament floor, Lightbound disclosed that he owns Bitcoin himself but…
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FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include…
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Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service. The proposal calls on the 12 jurors…
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Rising M2 money supply will see crypto become ‘supermassive black hole’: Raoul Pal

The rising M2 money supply could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in an…
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CME becomes second-largest Bitcoin futures exchange as open interest surges

The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges. CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions from the last…
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Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto

The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media, where Gensler…
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Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024. The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting the supply of the asset amid growing demand and…
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BlackRock fined $2.5M by SEC for incorrect investment disclosure

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed. According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made sizeable investments in…
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Bitcoin price surge brings BTC-related stocks to new multi-week highs

The Bitcoin (BTC) price surge on Monday has now catapulted Bitcoin-related stocks to surge to new highs with the likes of Coinbase and Microstrategy posting new multi-week highs. Bitcoin mining stocks saw significant gains amid the BTC price momentum with the likes of United States-listed Riot Blockchain recording an 11.69% surge followed by Marathon Digital…
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