“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our tools to go after them,” said Wally Adeyemo. Wally Adeyemo, the Deputy Secretary of the...
Satoshi
Breaking Google’s monopoly: Internxt pushes decentralized cloud as privacy concerns grow
Data monopolists like Google have abused their position, according to Internxt's Fran Villalba Segarra. Decentralized architecture offers a solution. Privacy-focused blockchain file storage service Internxt has a lofty vision: leverage decentralized technology to...
Bitcoin Flash Crash on Binance US Caused by Algorithm ‘Bug’, Says Exchange
After reaching an all-time high this week, the price of Bitcoin is down 5.5% in the last 24 hours. But traders on Binance US watched this morning as the price of the asset plunged quite a bit further: 87%. The American affiliate of the leading international...
Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports
A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with...
How cross-chain games are giving users the first look at a metaverse
Blockchain interoperability might just be becoming a reality, with cross-chain NFT games taking the lead. Society is headed towards a new form of digital ownership with an economy and greater metaverse based on the blockchain. The concept of "the metaverse" is...
Binance.US blames bitcoin flash crash to $8,200 on a bug in a client’s trading algorithm
Earlier today, the price of bitcoin suffered a flash crash to $8,200 on crypto exchange Binance.US — falling 88% in a matter of seconds. In an email to The Block, Binance.US said the flash crash was tied to a bug in the trading software of one of its clients. "One of...
AMC Accepts Dogecoin. Could It Soon Launch Its Own Crypto?
AMC’s stock price has soared this year on the back of the meme stock phenomenon, along with an increased focus on what its vocal social media fans demand—including accepting cryptocurrency payments. Now the movie theater chain may even be looking to roll out its own...
Bitcoin bulls set to net an $830M profit after Friday’s BTC options expiry
Bitcoin's surge to $67,000 has given bulls an advantage in Friday's $1.8 billion BTC options expiry. Two or three weeks ago, when Bitcoin (BTC) was trading below $52,000, a trader betting on $65,000 by Oct. 22 would have been considered extremely optimistic. The fact...
Grayscale Bitcoin Trust Hits 20% Discount as Firm Files for ETF Conversion
There’s more frustration for Grayscale Bitcoin Trust (GBTC) investors as Grayscale’s flagship product is now suffering from a 20.53% discount, according to data from Glassnode. The discount means the market price of GBTC shares is more than 20% lower than its net...
Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds
“The Market Report” with Cointelegraph is live right now with special guest Big Cheds, a professional trader and one of the founding analysts of Bitcoin Live. Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel...