Price analysis 10/23: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s correction ignited selling in altcoins, which are slipping below critical support levels.
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Solana ETPs see $39M outflow — Is the SOL price top in?
CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows.

Hong Kong Entrepreneur Who ‘Made It Rain’ from High-Rise Arrested for Crypto Mining Fraud
A purported Bitcoin millionaire (BTC) who was previously involved in “making it rain cash” on the streets of Hong Kong, has reportedly been arrested for mining-related fraud, the South China Morning Post reports Thursday, Feb. 28.A 25-year old businessman named Wong Ching-kit and his 20-year-old colleague have purportedly been arrested by Commercial Crime Bureau officers…

UK will hold back action against crypto ‘pockets of exuberance’ for now
The Bank of England’s latest Financial Stability Report took stock of the massive increase in crypto prices and trading activity this year. 887 Total views 4 Total shares The Bank of England (BoE)’s latest Financial Stability Report, released twice yearly, acknowledges that increased crypto trading action and price volatility in 2021 signal that the sector…

World Payments Report 2018: DLT Falls Short of Meeting Financial Market Demands
The World Payments Report 2018 published Oct. 16 has found that distributed ledger technology (DLT) is not currently capable of meeting financial market demands. The annual report was jointly compiled by consulting and technology services firm Capgemini and leading European bank BNP Paribas.To prepare the report, researchers conducted an assessment based on multiple criteria, including…

AI may already use more power than Bitcoin — and it threatens Bitcoin mining
AI may already consume more power than Bitcoin mining, and its deep pockets mean miners face stiff competition for equipment and electricity.

Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa
The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19.The conference featured a number of well-known industry commentators, participants and thought leaders from around the world who addressed a completely virtual audience. The event…

Magic Internet Money token depegs as Terra (LUNA) domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. 62 Total views 2 Total shares Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens…

Shopify CEO muses integrating e-commerce giant into DeFi ecosystem
Shopify's CEO seems to have caught the crypto bug, and it could be a boon for adoption. 287 Total views 11 Total shares Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem.On Friday…