Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers
Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.
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This ‘biblical’ Bitcoin pattern suggests BTC price can rise 30% by October
Bitcoin's price chart has a target of $28,000 based on a classic, bullish technical pattern. 1171 Total views 31 Total shares Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3.Bitcoin eyes 30% price rallyAt the…

Dai Stablecoin Hits 100M Debt Ceiling Ahead of Collateral Protocol Upgrade
The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted. Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin hold over 72 percent of all Dai tokens. The stablecoin originally had an upper limit of 50 million tokens. In July…

$740M in Bitcoin exits exchanges, the biggest outflow since June’s BTC price crash
The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000.Bitcoin forming a "bear market floor"Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin…

Chinese police bust $1.9B USDT underground banking racket
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

Memecoins are officially ‘cooked’ after Libragate, says crypto VC
Castle Island Ventures partner Nic Carter says the LIBRA token scandal is “clear proof” that retail has been playing a rigged game all along.

Australian stock exchange officially abandons blockchain plans: Report
ASX abandons blockchain rebuild to explore conventional options to achieve the desired business outcomes as it sends RFP to potential software vendors. Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with…

Shanghai included blockchain, NFTs and Web3 in its 5-year plan
The municipal government pledged to support the enterprises that are discovering the non-fungibles market. 297 Total views 6 Total shares China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai's Municipal Government published the…

CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan
Rich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet. 915 Total views 26 Total shares Rich Checkan, the president of Asset Strategies International (ASI) has described central bank digital currencies (CBDCs) as a product that was “concocted in hell by…