October 3, 2022

[ad_1] The Securities and Exchange Commission announced on Oct. 3 that Kim Kardashian settled an allegation that she promoted “a crypto asset security offered and sold by EthereumMax without disclosing the payment [of $250,000] she received for the promotion.” While she cooperated and closed the case with $1.26 million in penalties, the charge highlights the liability …

The SEC is bullying Kim Kardashian, and it could chill the influencer economy Read More »

[ad_1] Decentralized knowledge protocol Golden has closed a $40 million funding round led by venture firm Andreessen Horowitz, or a16z, with additional participation from Protocol Labs, OpenSea Ventures and the founders of Solana, Dropbox, Postmates and Twitch, among others.  In addition to leading the Series B funding round, Andreessen Horowitz’s general partner Ali Yahya will …

a16z leads $40M raise for decentralized knowledge protocol Read More »

[ad_1] Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market. In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank of Chicago, said …

US Treasury recommends lawmakers decide which regulators will oversee crypto spot market Read More »

[ad_1] Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown …

A crumbling stock market could create profitable opportunities for Bitcoin traders Read More »

[ad_1] Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September. In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) — trading fees for …

Binance burns $1.8M in LUNC trading fees following community proposal Read More »

[ad_1] Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset platform Eaglebrook, the companies announced on October 3.  The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, …

Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors Read More »

[ad_1] It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections. Total crypto market cap, USD. Source: TradingView The 1% …

Upside capped at $980B total crypto market, according to derivatives metrics Read More »

[ad_1] Bitcoin (BTC) climbed to new October highs at the Oct. 3 Wall Street open as Credit Suisse concerns heightened.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders close in on rangebound BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD taking aim at $19,500 after starting the month flat. The largest cryptocurrency reacted …

Bitcoin price sets October high with $20K in reach as US stocks rally Read More »

[ad_1] The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in Q3 of this year. Plus, a United States Securities and Exchange (SEC) filing could reveal the group’s intent to add more Bitcoin to its balance sheet.  …

NYDIG raises $720M as Bitcoin balance hits all-time high Read More »

[ad_1] Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the metaverse. In an Oct. 3 speech before Japan’s National Diet, Kishida said the government’s investment in the country’s digital transformation had already included …

Japanese prime minister says gov’t investment in digital transformation will include metaverse, NFTs Read More »