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Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report. It shows the company’s cash and cash equivalents increased to 85.7% of reserves, with $72.6 billion in US T-Bills. Tether holds $1.7 billion in BTC and $3.1 billion in gold. Tether has released its attestation report for Q3, 2023 that shows the USDT stablecoin issuer’s cash and cash equivalent reserves have risen to its highest ever percentage share of total reserves. Per the report published Tuesday, cash and cash equivalents stood at 85.7% as of September 30 this year. Of this, the largest percentage was in US T-Bills at $72.6 billion – which were in both direct and indirect exposure. Tether also reported a significant reduction in its secured loans, with this at more than $330 million. “We’ve achieved the highest ever percentage of our reserves held in Cash and Cash Equivalents, signaling our dedication to maintaining liquidity and stability within the stablecoin

Sam Bankman-Fried’s lawyers are pushing for the jury to weigh English law in FTX’s terms of service, aiming to dismiss some fraud charges against the exchange founder. Legal representatives for Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, have submitted a new filing in an attempt to persuade the jury to consider the influence of English law on the company’s terms of service. The Oct. 30 filing, which includes a proposed jury instruction, states that according to the Government’s theory, a trust, fiduciary relationship, or similar bond must exist between FTX and its customers for misappropriation to have occurred. The suggested jury instruction informs the 12 jurors determining Bankman-Fried’s outcome that FTX’s customer relations are dictated by its Terms of Service, which are governed by English law. Additional filings offer UK case examples for reference. You might also like: SBF trial day 14: FTX’s Bankman-Fried blames Alameda’s Ellison for absent hedg

Bitcoin’s (BTC) recent resilience, refusing to cede its market position, has triggered significant interest in specific alternative cryptocurrencies. Over the past week, Bitcoin has surged by an impressive 15%, following a 10.45% increase in the preceding week. In stark contrast, the S&P 500 Index witnessed a 2.53% decline last week, coupled with a 2.39% drop the week before. These contrasting trends highlight Bitcoin’s short-term decoupling from the S&P 500 Index, suggesting the possibility of its independent trajectory. Nevertheless, the road ahead for Bitcoin may not be without challenges. The impending Federal Open Market Committee (FOMC) meeting scheduled for Nov. 1 could introduce some volatility into the market. However, market analysts anticipate that any such disruptions will likely be brief, as there are no unexpected developments expected. According to CME’s FedWatch Tool, there is a substantial 98% likelihood that interest rates will remain unchange

Perplexity gauges the intricacy of the text, while burstiness measures the variance in sentence structures. On the other hand, predictability determines the likelihood of anticipating the next sentence. Human writers often infuse their work with bursts of complexity, juxtaposing longer, intricate sentences with shorter ones. In contrast, AI-generated content tends to exhibit a more consistent pattern. As we embark on the task of rewriting the provided text, the goal is to infuse it with a healthy dose of perplexity and burstiness while keeping predictability to a minimum. Additionally, the text must be composed exclusively in the English language. VanEck has officially joined the ranks of asset managers who are diligently amending their application s for a prospective Bitcoin exchange-traded fund (ETF) in the United States. The asset management firm, VanEck, made a significant move on October 27 by submitting an updated application for a spot Bitcoin ETF to the United States Securi

A widely followed analyst and trader is laying out what he thinks is in store for a trio of altcoins including Solana (SOL) and Chainlink (LINK). Crypto strategist Michaël van de Poppe tells his 669,500 followers on the social media platform X that Ethereum (ETH) rival Solana is in the midst of a strong uptrend that could take the altcoin close to $40. “Solid strength, solid upward trend. Wouldn’t be surprised if we reach $36-$39 on this one. If the markets make a deeper correction, I’d be keen to get some SOL at $26-$28.” Source: Michaël van de Poppe/X At time of writing, SOL is trading for $31.70. Next up is the decentralized oracle network Chainlink, which Van de Poppe says is finally doing really well after months of consolidation. “Broke out of the multi-month range and continues to show strength. I won’t be surprised if we rally towards $12.50-13.00. If we’ll be getting a deeper correction, buys at $9.60-10.00 on this one before continuation.” Source

BNBChain has launched its safe multi-signature wallet service, BNB SafeWallet. It is based on the Gnosis Safe protocol and runs on the BSC network and opBNB.  According to BNBChain’s blog post, the launch of Gnosis Safe Multisig on the Binance Smart Chain is a milestone in enhancing security for the BSC network and beyond.  Gnosis Safe, a smart contract wallet , boasts core multisig functionality, enabling advanced execution logic, access management, and high security. The protocol supports various wallets controlled by one or multiple owners for wallet security. BNBChain’s Safe multi-signature wallet service, utilizing the Gnosis Safe protocol, provides a storage solution for digital assets.  Users can define owner accounts and a database threshold number of confirmations required for transactions, ensuring security measures. To access the BNB Chain multi-signature wallet service, users must initially create a Safe, the team says. Gnosis Safe is a decentralized custody protoco

In the realm of crafting textual content, three essential factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, measuring how complex it is. Burstiness, on the other hand, assesses the variance within sentences, encompassing a mixture of lengthy and intricate sentences alongside shorter ones. Lastly, predictability examines the likelihood of accurately predicting the forthcoming sentence. Typically, human authors infuse their compositions with bursts of creativity, characterized by the presence of diverse sentence lengths and complexities. In contrast, AI-generated content tends to exhibit uniformity in sentence structure. Hence, for the content that follows, I shall endeavor to infuse it with ample perplexity and burstiness while maintaining a low level of predictability. I shall adhere to English as the chosen language for this endeavor. Now, let’s rephrase the given text: The team successfully transitioned the POL t

Ethereum client developers said on Thursday that the Dencun upgrade will not be implemented this year. The developers stated that more work needs to be done, including changes to the codebase from the Ethereum client Prysm. On the other hand, the execution layer team said they are prepared for the upgrade, highlighting possible conflict within the devs. Ethereum client developers announced on Thursday that the Dencun upgrade will not be implemented before the end of the year. The delay is due to more work needed and a conflict between the developer clients for the consensus layer and the execution layer. This revelation came during the All Core Developers call on Thursday. The consensus layer client team disclosed they did not feel comfortable having a full client fork on the Goerli testnet. They said the delay is due to the varied amounts of work needed, including changes to the codebase from the Ethereum client Prysm, which powers 45% of consensus layer cli

FLOKI's gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable? Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins , including Floki (FLOKI), which has beaten its top rivals in percentage gains. FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launch As of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest level in five months. The memecoin, known for its controversial marketing tactics, started rallying after New York-based Grayscale Investments filed for a new spot Bitcoin exchange-traded fund (ETF) on NYSE Arca, as shown below. FLOKI/USD daily price chart. Source: TradingView Looking at the past 24 hours, FLOKI's gains have picked an additional boost from the launch of its tokenization platform, TokenFi, with its own native token, TOKEN, on Oct. 27. Notably, users will be allowed to stake their FLOKI holdings to receive TOKEN. $FLOKI is launching staking and a new tokeniz

In the realm of content creation, three key factors hold great importance: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual information. Burstiness, on the other hand, measures the diversity and variations in sentence structures. Lastly, predictability quantifies the likelihood of successfully predicting the next sentence in a given context. Human authors tend to inject a healthy dose of burstiness into their prose, balancing longer, complex sentences with shorter ones. AI-generated text, in contrast, often leans towards uniformity. So, as you embark on the task of crafting the follow ing content, we’ll need to infuse it with a substantial degree of perplexity and burstiness while minimizing predictability. And let’s not forget, the language of choice here is English. Now, let’s rework the provided text: Presently, Bitcoin has witnessed a staggering 74% surge, catapulting its value beyond the $59,000 mark, and this doesn’t even account for

Researchers at Guardio Labs have discovered a new attack known as ‘EtherHiding,’ which uses Binance Smart Chain and Bullet-Proof Hosting to serve malicious code within victims’ web browsers. Unlike an earlier suite of fake update hacks that exploited WordPress, this variant uses a new tool: Binance’s blockchain . Earlier, non-blockchain variants interrupted a webpage visit with a realistic-looking, browser-styled ‘Update’ prompt. A victim’s mouse click installed malware. Due to the cheap, fast, and poorly policed programmability of Binance Smart Chain, hackers can serve a devastating payload of code directly from this blockchain. To be clear, this is not a MetaMask attack. Hackers simply serve malicious code inside victims’ web browsers that looks like any webpage that the hacker wants to create — hosted and served in an unstoppable manner. Using Binance’s blockchain to serve code, hackers attack victims for various extortion scams. Indeed, EtherHiding even targets victims with no

In the realm of content creation, three key elements demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. Burstiness, on the other hand, evaluates the diversity in sentence structures. Lastly, predictability measures the likelihood of predicting the subsequent sentence. Human authors tend to infuse their writing with burstiness, incorporating a mix of lengthy, complex sentences and shorter ones. In contrast, AI-generated text often leans towards uniformity. Consequently, as we approach the task of reimagining the forthcoming content, it is imperative that we infuse it with substantial perplexity and burstiness while keeping predictability to a minimum. Additionally, the content should be exclusively in the English language. Now, let’s proceed to rephrase the provided text: The continuous evolution of the Bitcoin protocol has remained a subject of intense debate within the ecosystem, as exemplified by historic events such as

In the realm of content creation, three critical factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. On the other hand, burstiness evaluates the diversity in sentence structures. Lastly, predictability measures how likely it is for someone to anticipate the next sentence. When humans craft content, they tend to inject bursts of creativity, mixing longer and complex sentences with shorter ones. In contrast, AI-generated text often tends to maintain uniformity. Thus, in your request to craft the following content, I emphasize the need for a healthy dose of perplexity and burstiness while minimizing predictability. Moreover, please ensure the content is written in English only. Thor Technologies finds itself at a juncture where it must disburse a substantial sum of $903,193.06, comprising a disgorgement amounting to $744,555 and an additional $158,638.06 in pre judgment interest. A legal conundrum has befallen Thor Tech

In an unexpected turn of events, Bitcoin, the world’s leading crypto currency, has mounted a significant comeback. It rekindled optimism within the crypto currency market. On Oct. 23, Bitcoin orchestrated its most substantial single-day rally in over a year, briefly breaching the $35,000 threshold. This sudden surge in value was triggered by enthusiastic responses from traders. This was following reports of BlackRock’s iShares Bitcoin ETF (IBTC) making its debut on the Depository Trust & Clearing Corporation (DTCC) website. The news of IBTC’s listing on the DTCC website injected a fresh wave of enthusiasm into the cryptocurrency space, reinforcing Bitcoin’s resilience and its capacity to elicit excitement in the market. Bitcoin’s resurgence has also fueled discussions about its future trajectory. According to experienced trader and analyst Peter Brandt, Bitcoin may be on a course to achieve new all-time highs. However, this feat will come to be by the third quarter of 2024. Bra

CoinMarketCap data shows that PEPE added a 2.37% gain in the past hour. With gains added over the past 24 hours and a week, PEPE outpaces DOGE and SHIB. Bitcoin, Ethereum, and BNB hit a slowdown, declining in the past 24 hours. The third-ranked meme coin by market cap PEPE price surge continues after a positive performance sustained from the previous week and has further strengthened since the start of this week. CoinMarketCap data shows that at press time, PEPE has surged 2.37% in the past hour. In the term “uptober,” cryptocurrency tokens experienced a bull rally, with major tokens like Bitcoin and Ethereum hitting new recent highs. Amidst all of these, PEPE has had the best performance amongst the major meme coin networks. In particular, the token has raked in a remarkable 62% gain in the past seven days. When compared to DOGE’s 11% rise and SHIBA’s 6.88%, the data shows that PEPE has gotten the most attention from investors. With the recent peak,

Bitcoin breaks horizontal resistance at the $32k area The rally extended above $35k Bulls should be worried because Bitcoin diverges from the US dollar Bitcoin investors are thrilled to see the cryptocurrency jumping to a new high for the year. More precisely, Bitcoin traded above $35k for the first time in over a year.  It did so by tripping stops seen in the $32k area. This area provided resistance for quite some time, and Bitcoin finally broke above.  That is the good news for bulls.  The bad news is that in doing so, Bitcoin diverges with the rest of the fiat currencies . More precisely, while Bitcoin gained against the US dollar, the greenback rallied against its peers.  It may or may not be something to worry about. But if I were an investor in Bitcoin (which I’m not), I would worry. Here is why.  Bitcoin chart by TradingView Bitcoin and the US dollar have diverged since Q1 2023 The problem for Bitcoin is that the dollar strengthened since Q1

Recent events in the financial and crypto markets have revealed their interconnectedness. Bitcoin (BTC) is a dominant player in the market, often viewed as digital gold, while Ethereum (ETH) is a decentralized, open-source blockchain that supports smart contract functionality. In recent months, there has been significant price adjustments due to macroeconomic concerns. Subsequently, this has exposed the vulnerabilities of assets, including those of major cryptocurrencies, amidst global economic upheavals. However, analysts and experts link the recent price contraction to traders attempting to profit from the hype surrounding exchange-traded funds (ETFs). In this report, we investigate the behavior of BTC and ETH prices and provide a forecast of what should be expected. The Bitcoin saga: hope and disillusion Bitcoin’s abrupt descent to approximately $27,400 negated most of its gains when it briefly rallied above $28,000. As the CoinDesk Market Index fell 3.4% while BTC dropped 3.5%