Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Blockstream’s Liquid Sidechain Solution for Bitcoin Network Goes Live
The Liquid Network sidechain for the Bitcoin (BTC) blockchain went live on Sept. 27, according to an Oct. 10 post from Blockstream.Blockstream is a blockchain development company founded in 2014, with Samson Mow as its CSO. The Liquid Network project, first announced in 2015, was then launched by Mow and Joseph Weinberg of Paycase in…
US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried’s arrest
The chair of a U.S. House oversight subcommittee said all of the documents the SEC had provided on Sam Bankman-Fried's charges and arrest had been publicly available at the time. Michigan Representative Bill Huizenga, who chairs the United States House Oversight and Investigations Subcommittee, has called out the Securities and Exchange Commission (SEC) for its…
Decred co-founder explains rationale behind Bitcoin bull and bear cycles
Do Bitcoin's market cycles depend on its structure as an asset, human psychology, or both? 1894 Total views 12 Total shares Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that…
Cardano (ADA) eyes 15% rally despite Charles Hoskinson’s fear over ‘macro factors’
Cardano (ADA) will undergo a major network update called "Vasil" on Sept. 22, potentially making its blockchain more scalable and cheaper. Nonetheless, the news has failed to spark any decisive upside momentum in ADA's market.Macro factors weigh on ADA's best upside scenarioIn detail, ADA's price has risen approximately 3.5% to $0.51 since the Vasil launch…
Crypto Traders Explain What Caused the Bitcoin Price Plunge to $3,000
The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history.The main catalyst of the sudden 50% decline in the price of Bitcoin…
Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’
Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks. 150 Total views 2 Total shares Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent
Ex-Trump chief of staff says crypto election impact will be ‘fascinating’
Mick Mulvaney, who worked under former US President Donald Trump, said the crypto industry had developed “professional operations” for lobbying in DC.
Pond0X token launch snafu leads to millions of dollars in losses
The launch of memecoin Pond0x (PNDX) has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestrobots trading app shows that the token reached a price of $0.36 before collapsing to near zero in a span of five minutes.Maestrobots chart of PNDX/USD…