FTX Distribution Payments Will Not Start on Sept. 30
Speculation has been swirling online that the FTX bankruptcy estate will begin distributing reimbursement funds to creditors and customers on September 30. However, this information is inaccurate, as no reimbursement plan has been given legal approval at this time. As per the most recent Chapter 11 filing, the next court hearing to confirm the restructuring […]
US election result unlikely to impact Q4 Bitcoin surge, hedge fund predicts
Bitcoin’s price is poised to benefit from the upcoming U.S. presidential election, no matter who wins, according to CK Zheng, the chief investment officer at ZX Squared Capital. Historically, Bitcoin has seen strong fourth-quarter gains following its halving events, and this trend is expected to continue. Zheng pointed out that both U.S. political parties have […]
Binance Founder CZ Released from US Prison
Binance founder and former CEO Changpeng “CZ” Zhao was released from a U.S. federal prison on September 27 after completing a four-month sentence related to Anti-Money Laundering (AML) violations, according to a spokesperson from the U.S. Federal Bureau of Prisons, as reported by Cryptografos. CZ had entered a guilty plea in November, admitting to federal […]
Crypto Fear & Greed Index Returns to Greed Zone
The Crypto Fear & Greed Index recently surged to its highest level since July, staying above the 60 mark for two consecutive days. As of the update on September 28, the index hit 64, entering the “Greed” range while Bitcoin briefly climbed to around $66,000, according to CoinMarketCap. This index is designed to quantify the […]
Bitcoin Should Be Classified as a Commodity, Similar to Gold and Oil – Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick appeared on Fox Business on Sept. 27, advocating for Bitcoin as a commodity and urging regulators to approach it similarly to other commodities like gold and oil. During an interview on Mornings with Maria, Lutnick stressed that Bitcoin’s status as a commodity is already recognized and that more regulatory clarity […]
Q4 Crypto Surge Likely, Driven by Bitcoin’s Breakout to $65K
The odds of a significant crypto rally in the fourth quarter are looking strong, especially with Bitcoin’s recent surge past the $65,000 mark, according to a leading crypto expert. Altcoin FOMO returns as Bitcoin reaches $65,000 Markus Thielen, head of research at 10x Research, highlighted in a report dated Sept. 27 that a fourth-quarter rally […]
SEC Grants BNY Mellon Approval for Broader Crypto Custody Services Beyond ETFs
The Securities and Exchange Commission (SEC) has officially granted approval for the Bank of New York Mellon Corp (BNY) to expand its custody services for crypto assets beyond just crypto-based ETFs. SEC Chair Gary Gensler made this announcement on Thursday during a speech at the Federal Reserve Bank of New York. BNY Mellon, which oversees […]
Mark Cuban Aims for Gary Gensler’s Role as SEC Chairman
Billionaire entrepreneur Mark Cuban recently hinted that he’d be open to leading either the U.S. Securities and Exchange Commission (SEC) or the Department of Health and Human Services (HHS) if Kamala Harris were to win the 2024 presidential election. Cuban, well-known for his outspoken views on business and cryptocurrencies, recently endorsed Harris in her bid […]
VanEck Research Predicts Solana Could Soar to $330, Attaining 50% of Ethereum’s Market Cap
A report released on September 25 by VanEck suggests that Solana could reach a price of $330 and grow to capture 50% of Ethereum’s current market capitalization. This growth is largely attributed to Solana’s superior speed and transaction processing capabilities. The report highlights Solana’s impressive throughput, handling thousands of transactions per second (TPS), a rate […]
PayPal Expands Crypto Services for Business Accounts to Buy, Sell, and Trade
On September 25, PayPal made a significant announcement, revealing that its Business account holders can now buy, sell, and trade cryptocurrencies directly through their PayPal accounts. This new service will be available across the United States, excluding merchants in New York. Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, […]