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Elon Musk Confirms None of His Companies Will Ever Create a Crypto Token – Featured Bitcoin News

November 6, 2023

Tesla and Spacex CEO Elon Musk has confirmed that none of his companies will ever launch a crypto token. His clarification came after his artificial intelligence company’s name was used in a cryptocurrency, and several articles associated his social media platform X with crypto tokens. Elon Musk’s Companies Will Not Launch a Crypto Token Tesla and Spacex CEO Elon Musk confirmed on his social…

Latam Insights: USDT Takes Over Brazil, Bukele's Administration Accused of Embezzlement – Bitcoin News

November 6, 2023

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan…

NFT Markets Rebound With 18% Rise to $106M; Bitcoin NFTs Take Second Place Under Ether's Lead – Markets and Prices Bitcoin News

November 6, 2023

Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) rose by 18.30% compared to the week before, reaching a high of $106.32 million. This week’s NFT statistics reveal an uptick in activity, with the number of buyers and sellers climbing by 17.77%…

Moonstone Research Study Etches Doubts on Monero's Privacy; Crypto Community Reacts – Privacy Bitcoin News

November 6, 2023

On September 1, 2023, hackers made off with 2,675.73 monero (XMR), worth over $3 million at the time, from the Monero CCS donation wallet in nine separate transactions. Now, blockchain analysis firm Moonstone Research has traced forward through three of those transactions in a postmortem released this week. Monero Privacy Challenged in Monero CCS Wallet Trace Just 65 days ago, a monero (XMR)…

Smart Contract Platform Tokens Command 26% of Crypto Economy Amidst Market Gains – Markets and Prices Bitcoin News

November 6, 2023

It’s been a strong week for smart contract platform tokens, with the top ten performers all notching growth against the U.S. dollar. The rise ranged from ethereum’s (ETH) 4.2% jump to solana’s (SOL) 32.5% surge. The smart contract coin sector witnessed 32 crypto assets…

Former SEC Official Warns SBF Conviction Is 'Just the Tip of the Iceberg' for All of Crypto – Regulation Bitcoin News

November 5, 2023

The U.S. Securities and Exchange Commission’s former head of internet enforcement says the conviction of ex-FTX CEO Sam Bankman-Fried (SBF) is “just the tip of the iceberg” for the entire crypto industry. “People should not think that it’s safe to go back in the…

Dubai Financial Authority Approves XRP as 'Recognized Crypto Token'

November 5, 2023

Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate XRP into their virtual asset services,” Ripple explained, adding that institutions located in the zone can now…

NBA Star Seeks to Void Property Sale After Learning of Canadian Crypto King's Past Occupancy – News Bitcoin News

November 5, 2023

National Basketball Association player Shai Gilgeous-Alexander is suing owners of the lakefront mansion previously occupied by Canada’s “crypto king.” The basketball player also claimed to have learned of Pleterski’s occupancy of the property after his girlfriend…

Crypto Gainers and Losers: This Week's Market Snapshot – Market Updates Bitcoin News

November 5, 2023

This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday…

The Clock Ticks for Sam Bankman-Fried: Countdown to a Crypto Mogul's Day of Reckoning – Bitcoin News

November 5, 2023

A jury has unanimously convicted Sam Bankman-Fried on a slew of charges, encompassing wire fraud, conspiracy to engage in wire fraud, and money laundering among the seven counts. The following is an in-depth look at what will happen between now and Bankman-Fried’s sentencing, which is scheduled for March 28, 2024. Before the Gavel — What Lies Ahead Until Sentencing Day? A significant turning…