LayerZero identifies over 800k addresses in sybil self-reporting phase
Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.
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SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video
The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether. 1383 Total views 1 Total shares A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”On June 12 multiple Twitter accounts shared the…

Bitcoin Price Fails to Hold Recovery Signs to Drop Below $7.9K
Thursday, Sept. 26 — Bitcoin (BTC) has dipped below $7,800 after the coin touched its four-month lows on Sept. 24.Market visualization. Source: Coin360Lowest levels since springBitcoin entered rough volatility this week after the largest cryptocurrency crashed $1,500 in 24 hours on Tuesday to touch the $8,000 threshold. After seeing signs of recovery earlier today, Bitcoin…

Circle’s USD Coin Sees Major Growth After Market Downturn
As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however.Stablecoin marketcaps are generally expected to increase after a major cryptocurrency market downturn. However, this is not what happened for most stablecoins during the…

Federal Reserve’s banking bailouts reach a new weekly high of $103B
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout. The American central bank’s emergency fund for embattled banks has seen its highest level of distressed asset redemptions since its inception three months ago.The emergency lending program — known as the Bank Term Funding Program (BTFP) — was introduced…

BTC price metric which cued biggest Bitcoin bull runs brakes out at $23K
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The Three Most Controversial Bitcoin Price Models and What They Predict
There are several well-known Bitcoin price models and theories that are often highly debated and considered controversial. Models like stock-to-flow, Hyperwave and Elliot Wave typically predict large price movements in the medium- to long-term.Stock-to-flow: Prediction and criticismThe first and most widely acknowledged Bitcoin price model is stock-to-flow. The S2F model predicts the long-term trend of…

Attorney Ordered to Pay $5.2M for Releasing Bitcoin Funds From Escrow
A NYC attorney has been ordered to pay a crypto investment firm more than $5M after prematurely releasing most of its funds set aside to buy Bitcoin. A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying…

Bitcoin analysts doubt BTC price rally as $23K target gains popularity
Bitcoin (BTC) drifted toward $27,000 after the Aug. 30 Wall Street open as the dust settled on digital asset manager Grayscale’s legal victory.BTC/USD 1-hour chart. Source: TradingViewBTC buyer interest remains lowData from Cointelegraph Markets Pro and TradingView showed BTC price cooling volatility which began the day prior, when a positive verdict for Grayscale against United