Victim wins first civil suit against Hong Kong FTX A Hong Kong court ruled in favor of two investors who filed a civil suit against Dubai-based cryptocurrency exchange JPEX and its affiliate Web 3.0 Technology Support. Following the judge’s ruling, 1.85 million Hong Kong dollars (approximately $238,000) will be recovered on behalf of the plaintiff. “What this latest ruling shows is that victims of cryptocurrency-related cases have recourse for justice and set a precedent for all victims in a similar position who are eager to get their cryptocurrency back, but may be at a loss as to which option to…
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The widely respected cryptocurrency analyst and trader is bullish on the top 10 altcoins by market capitalization. The analyst, who goes by the pseudonym Sherpa, told his 229,600 followers on social media platform Source: Sherpa/X According to Sherpa, Dogecoin may undergo a correction before rising. Dogecoin is trading at $0.169 at the time of this writing. Next is Bitcoin (BTC). Bitcoin hasn’t “moved materially” above the $65,000 level in about 1,295 days and could potentially rise further, according to an anonymous analyst and trader. “Time is passing… Highest loading ever for BTC “You are not optimistic enough.” Source: Sherpa/X Sherpa…
Peter Jang October 31, 2024 20:58 The Hong Kong Monetary Authority and BIS jointly host an international conference focused on emerging technologies in the financial sector, attracting key stakeholders from around the world. The Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) successfully concluded the International Financial Conference in Hong Kong on October 31, 2024. This event, which was held with the support of the Global Association of Risk Professionals (GARP), is attended by over 100 representatives from international organizations, central banks, regulators, financial institutions, technology companies, consulting firms, and…
Nishad Singh was sentenced to three years in prison and supervised release. The judge noted that Singh’s involvement was limited compared to other FTX executives. Singh cooperated with prosecutors and helped with the investigation into the FTX collapse. Nishad Singh, the former director of engineering at collapsed cryptocurrency exchange FTX, was sentenced to prison and three years of supervised release in a New York federal court. The decision follows Singh’s guilty plea to six felony charges related to user fund misuse and campaign finance violations he entered in February 2023. At the sentencing hearing, Judge Lewis Kaplan acknowledged the seriousness…
The price of Ethereum (ETH) rose to $2,700 on October 30, hitting its highest level in 10 days, but a strong rejection on October 31 caused the price to fall to $2,550. This move mirrors Bitcoin (BTC), which is down 4% from its October 29 high of $73,575.Traders are now wondering what it will take for Ether to get back to $3,000. The answer may lie in a combination of lower transaction fees, greater institutional adoption, and greater incentives for ETH staking.source: Joe ConsortiumJoe Consorti, a Bitcoin proponent and builder at Theya Inc., said that while a spot Ethereum exchange-traded…
Pyth Network’s recent $36 billion volume surge and price surge signal a potential bullish trend ahead. Increased public attention and social dominance strengthens market confidence, further driving Pyth’s price upward. PYTH Network (PYTH) It has established itself as a dominant player, with trading volume reaching $36 billion in the last 30 days. Chainlink (LINK). This impressive growth highlights the growing adoption of Pyth’s innovative pool-based oracle model, especially in the decentralized finance (DeFi) sector. At press time, Pyth is trading at $0.4038, up 5.63% over the last 24 hours. Therefore, this momentum suggests that Pyth can gain more market share…
This article is also available in Spanish. Ethereum (ETH) surged past $2,700 for the first time in a week on Wednesday, sparking optimism among several cryptocurrency analysts. Some have suggested that the second-largest cryptocurrency will soon break out of the next resistance level and reclaim the $3,000 mark. Related Reading Ethereum retests $2,700 Ethereum surged above key resistance levels on Wednesday morning as most cryptocurrency markets surged. The cryptocurrency rose 3.1% towards the $2,700 horizontal level, hitting $2,722 before falling back to $2,710. Over the past week, ETH has hovered between the $2,430-$2,650 range after failing to hold support. This…
Management increased the target BTC return to reflect the expected gains from the 21/21 plan. Annual returns are expected to reach 6-10%. Currently, the company aims to accumulate 412,220 Bitcoins by the end of 2025, with an expected Bitcoin price of $175,000 by then. The term BTC Yield is “linguistically laundering the actual rate of return on what MicroStrategy does,” said Two Prime Digital Assets CEO Alexander Blume. That means the company’s BTC net asset value is getting closer to its market capitalization of around $50 billion, according to Yahoo Finance. “It’s similar to a company getting a smaller discount…
Ethereum (ETH) price has struggled to find bullish momentum for several months, with the altcoin only up 1% in October compared to Bitcoin (BTC)’s 14% return. A lack of interest from retail and institutional investors is also weighing on ETH prices, with the ETH ETF seeing inflows of $4.4 million on October 30, compared to $893 million for the BTC ETF. This is a 0.49% market share compared to direct competitors. Comparison of spot Bitcoin and Ethereum ETF inflows. Source: X.com However, the altcoin’s bear days may be numbered as technical analysts point out that Ether’s final decline is complete…
Key Takeaways World Liberty Financial reduced its WLFI token sale target from $300 million to $30 million due to low demand. DT Marks DEFI LLC, which is linked to Donald Trump, will receive the proceeds only after World Liberty Financial reaches its $30 million goal. Share this article Donald Trump’s cryptocurrency project, World Liberty Financial, has reduced its fundraising goal from $300 million to $30 million. SEC filing Dated October 30th. According to the SEC filing, World Liberty Financial stated: “The company only plans to sell up to $30 million worth of tokens before closing the current sale.” Due to…