Author: Dren.H

FTT token surges 28% amidst market changes, contrasting Binance challenges and hinting at FTX’s revival plans. The cryptocurrency market recently observed a significant increase in the value of the FTX Token (FTT), the native token of the now-defunct FTX exchange. Over a 48-hour period, FTT’s value climbed to $4.63, marking a notable 28% increase from its previous value of $3.56. This surge in price of FTT is drawing attention, particularly in the context of the broader market dynamics and recent developments involving Binance and its CEO, Changpeng “CZ” Zhao. Binance’s Impact The timing of FTT’s price rally coincides with several…

Santander and Commerzbank introduce crypto trading and custody services for high-net-worth clients in Switzerland and Germany. In a recent announcement, Santander Private Banking International is now offering Bitcoin and Ethereum trading options to its high-net-worth clients with Swiss accounts. This development, first reported by Coindesk, suggests a major shift in the bank’s approach to digital assets. The report, which cites a leaked internal communication, reveals that Santander’s international division, part of the Spanish financial giant Banco Santander, has initiated this service. The Rollout of Crypto Trading Services The decision of Santander to introduce crypto trading, starting with Bitcoin (BTC) and…

Microsoft hires former OpenAI CEO Sam Altman and co-founder Greg Brockman for its new advanced AI research lab. In a surprising twist, Microsoft Corporation has swiftly appointed Sam Altman, the former chief of OpenAI, to lead an advanced research lab. This move comes mere hours after OpenAI’s board announced Altman’s non-return to the CEO position. Alongside Altman, Greg Brockman, OpenAI’s co-founder and president, who resigned in support of Altman, will join Microsoft. Furthermore, this development follows a weekend of dramatic changes within OpenAI, including Emmett Shear – former Twitch CEO – becoming the interim CEO, replacing Mira Murati. The latter…

The rising presence of Solana in blockchain gaming comes from its growing list of games on the Epic Games Store. The gaming landscape is witnessing a significant shift with the integration of blockchain technology, and Solana is at the forefront of this revolution. Particularly noteworthy is the adoption of Solana by game developers as their go-to non-EVM (Ethereum Virtual Machine) blockchain network. This trend is vividly reflected in the Epic Games Store’s current lineup of Solana-based games. As of October, the Epic Games Store has seen a remarkable increase in Web3 games, with the count reaching 69, up from just…

The crypto landscape is shining bright again, with the market cap seeing an invigorating 2% bump within the past 24 hours. Some industry experts believe that recent SEC filings may actually bolster Bitcoin’s standing with investors. Wednesday was marked by renewed optimism in crypto markets as traders brushed aside the regulatory issues surrounding two major players of the crypto exchange scene. This upbeat outlook hints at the resilient strength of key crypto assets. The day saw Bitcoin (BTC) and Dogecoin (DOGE) leading the charge, rising by a noteworthy 5% within the last 24 hours shown on the crypto exchange such…

BlackRock files for Ethereum ETF with SEC, mirroring its Bitcoin ETF efforts and boosting crypto market interest. In a recent move within the cryptocurrency market, BlackRock, the globe’s leading asset manager, has taken a bold step forward by submitting an application to the United States Securities and Exchange Commission (SEC) for the creation of a spot Ethereum exchange-traded fund (ETF). This development marks a considerable expansion in BlackRock’s involvement in the digital currency space. The proposed ETF, named iShares Ethereum Trust, aims to mirror the price performance of Ethereum’s native cryptocurrency, ether. This initiative follows closely on the heels of…

Ferrari announced a few weeks ago that it will accept Bitcoin payments in the U.S., influencing wider crypto adoption and market confidence. In a recent move, Ferrari has begun accepting Bitcoin as a payment method for its cars in the United States, marking a significant stride in cryptocurrency adoption. CoinFlip CEO Ben Weiss hailed this development as a major victory for the market, emphasizing the increasing acceptance of digital assets in mainstream commerce. Ferrari’s innovative approach responds to a rising demand for alternative payment options. The luxury car manufacturer has facilitated this shift by collaborating with BitPay, a leading crypto…

Authorities convicted Aurelien Michel for the Mutant Ape Planet NFT rug pull fraud, making it the first federal conviction of its kind. In a landmark ruling, Aurelien Michel, the mastermind behind the notorious Mutant Ape Planet NFT project, has been sentenced to up to five years in federal prison. This conviction marks a significant milestone in the U.S. legal system, as Michel becomes the first individual convicted for an NFT “rug pull” scheme, a form of digital asset fraud. Michel, aged 25, admitted guilt to wire fraud charges in a Brooklyn federal court. The charges stemmed from his role in…

In 2023, the SEC intensified crypto oversight, charging high-profile firms and celebrities, and increased legal actions significantly. In 2023, the Securities and Exchange Commission (SEC) significantly intensified its oversight of the crypto industry, resulting in a marked increase in enforcement actions. This year, the SEC’s focus on investor protection and market integrity led to over two dozen enforcement actions related to crypto assets and digital asset securities. The agency’s efforts showcased its commitment to ensuring a trustworthy and secure market environment for investors. Gary Gensler, SEC Chair, highlighted the agency’s role as a vigilant market regulator, emphasizing its determination to…

OpenSea NFT marketplace users face a sophisticated email phishing campaign targeting their personal and API information. The NFT marketplace OpenSea has recently become the center of attention due to a large-scale email phishing campaign. Users of this popular platform have reported receiving emails that seem to originate from OpenSea but are, in fact, malicious attempts to gain access to personal information and potentially compromise digital assets. A unique aspect of this campaign is the targeted nature of the emails. Some developers using OpenSea have stated that the emails they received were aimed specifically at their OpenSea-related activities. This suggests a…