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CYBER and FET saw their prices rise more than 7% over the past 24 hours. NVIDIA’s intensified focus on AI may be the reason for FET’s price surging. Meanwhile, CYBER’s listing on a South Korean exchange this week has boosted the altcoin’s price and trading volumes. CyberConnect (CYBER) and Fetch.ai (FET) recorded standout performances over the past 24 hours — a period that saw the majority of the cryptocurrency market weaken according to CoinMarketCap. At press time, the market tracking website indicated that both altcoins were up more than 7%. FET was trading at $0.2338 following its 24-hour gain of 7.18%. Moreover, the cryptocurrency experienced a 169.45% surge in its 24-hour trading volume. Subsequently, the total volume for FET stood at $36,412,611. NVIDIA’s latest focus on the Artificial Intelligence (AI) sector may be the contributing factor to FET’s 24-hour gain. According to an analyst from the cryptocurrency Analysis and education platform, Cryp...

The host of a weekly crypto radio show received a two-year prison sentence on Wednesday after deceptively applying for over $660,000 in Covid-19 relief funds and spending the money on building his own Alpaca farm and running a crypto show. Fifty-nine-year-old Dana McIntyre hosted The Dana Crypto Show and owned the Rasta Pasta Pizzeria in Beverley, Massachusetts. As detailed by the US Attorney’s Office, in March 2020 McIntyre applied for two different Covid-19 relief benefits under the names of his two children for two non-existent companies, one of which was called “Dana’s Dank Pies.” In an application, he claimed to have no work and no income despite still running and profiting from his pizzeria. He received $17,000 from the government in September 2020. McIntyre also successfully applied for a further Covid-19 relief fund of $660,000 in April 2020. For this form, McIntyre falsified the number of his employees, payroll amounts, and tax forms in order to receive the larger ...

John Stark recently highlighted the SEC’s motion to file documents under seal in the lawsuit against Binance. The securities regulator is seeking to introduce 37 additional documents, including exhibits and supplements. Crypto lawyer John Deaton added that the SEC’s significant filing couldn’t be dismissed as FUD. Crypto lawyer John Reed Stark recently highlighted the Securities and Exchange Commission’s motion to file documents under seal, in the enforcement action against Binance. Stark, who previously served as the Chief of the SEC’s Office of Internet Enforcement, expressed concern over the mysterious filing by the securities regulator, adding that it was a rare tactic. Stark took to X (formerly Twitter) earlier today to point out the SEC’s latest filing in its lawsuit against the world’s largest crypto exchange. According to him, filing court documents under seal was an unusual move by the SEC, given that it is a civil enforcement agency. He added that i...

$GBTC becoming a spot ETF is actually bearish for #Bitcoin. Traders can buy GBTC now and sell or short #BTC. Once GBTC becomes an ETF, the discount to NAV goes away. Shareholders could then redeem, forcing GBTC to sell BTC into the market, vastly increasing the tradable supply. advertisement — Peter Schiff (@PeterSchiff) August 29, 2023   When the US SEC initially flagged Grayscale’s application for the GBTC over-the-counter, the primary concern was the product’s potential vulnerability to “fraudulent and manipulative acts.” Grayscale, a titan in the crypto realm, was not deterred. Challenging the SEC’s rejection in court, the company now celebrates its success. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Also Read: US SEC Commissioners Not Happy Over Impact Theory NFT Charges advertisement Strong Bitcoin Supporter Suarez has been very vocal about his support for Bitcoin , and it was evident as he accepted donations in Bitcoin for his Presidential Campaign, making him one of the first few to support the oldest cryptocurrency openly. He was also equally vocal about his dislike for CBDCs and publicly against the development of CBDCs. In 2021, he made news by stating he would receive his entire paycheck in Bitcoin . He positioned himself as a proponent of blockchain technology and its potential to bridge the wealth gap. According to him, cryptocurrencies offer democratizing opportunities for wealth creation; This aligned with his broader theme of inclusive prosperity aimed towards uplifting Hispanic communities. What Led To Francis Suarez Exit From Presidential Candidacy? Despite making a strong case for a competitive candidate, Suarez did not meet the qua...

Earlier this year in January 2023, Genesis filed for Chapter 11 bankruptcy after facing a major liquidity crisis following the collapse of crypto exchange FTX. The recent filing from Genesis parent DCG notes that the bankrupt crypto lender holds liabilities of $630 million in unsecured loans due in May 2023. Additionally, it also has a $1.1 billion unsecured promissory note due in 2032. advertisement As per the in-principle deal, the Digital Currency Group ( DCG ) is looking to undertake new debt facilities along with a repayment agreement. This will include a $328.8 million first-lien facility along with 2-year maturity. Additionally, it will also include a $830 million second-lien facility with a 7-year maturity. The filing notes that DCG is planning to pay a total of $275 million to its creditors in four installment payments. If executed, the proposed plan could lead to anticipated returns of approximately 70% to 90% for unsecured creditors in terms of U.S. ...

HashKey Exchange has officially opened its doors, marking its entry as the first licensed retail virtual asset exchange in Hong Kong. HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange , has officially commenced operations. The launch event was a collaborative effort among representatives from the Hong Kong Special Administrative Region (HKSAR) government, major banking institutions, insurance companies, and Big 4 auditing firms. It's a momentous day! HashKey Exchange Grand Launch is TODAY, and we're poised to set new standards in crypto services. Join us for inspirational speeches and a peek at the road ahead. The future is bright! #Crypto #launch #HongKong pic.twitter.com/8N93TFQ2po — HashKey Exchange (@HashKeyExchange) August 28, 2023 You might also like: HashKey to debut Bitcoin and Ethereum retail trading in Hong Kong The HashKey Exchange platform allows for direct bank transfers in both USD and HKD and cryptocurrenci...

Bitcoin (BTC) Risk as Spotted by Expert Commenting on real risk impacting the performance of Bitcoin , Bloomberg Intelligence Senior Macro Strategist, Mike McGlone said the ‘It Went Up, So Will Keep Going Up’ risks in Bitcoin might be placing the premier coin under undue pressure. advertisement Since the asset went mainstream, the Strategist noted that there have been “lessons of high-performing, widely hyped assets show price reversion may be the greater risk” for the cryptocurrency now that many members of the public are jumping on board. 'It Went Up, So Will Keep Going Up' Risks in Bitcoin – The lessons of high-performing, widely hyped assets show price reversion may be the greater risk once the masses jump on board. # Bitcoin at about $26,000 on Aug. 28 is slightly below the end of 2020, similar to… pic.twitter.com/3UdAbpLNLe — Mike McGlone (@mikemcglone11) August 28, 2023 Recommended Articles ...

Source: AdobeStock / Production Perig   Solana (SOL)’s new crypto-native phone that will be developed by the little-known smartphone maker Osom is far from the first ‘blockchain phone&rsquo ; to be announced since crypto and blockchain technology took a giant step into the mainstream around 2017. But what exactly happened to all those other phones, and did the producers deliver on their promises? To find out, we dug up reports of blockchain phones dating back to 2018 and looked at the status of these projects today. Sirin Labs’ Finney phone Finney phone. Source: Sirin Labs Among the first companies to announce a purpose-made blockchain phone was Switzerland-based Sirin Labs with its Finney phone, named after the late cryptographer and Bitcoin (BTC) pioneer Hal Finney. The company itself received its funding through the fourth largest initial coin offering (ICO) of 2017, having raised USD 157.8m from the sale of its SRN token. And although th...