Category: Cryptocurrency News

In the latest Cointelegraph Report, we assessed the value AI is bringing to the crypto industry, by separating the hype from real use cases.

Patrick McHenry led efforts starting in February to obtain communication records between SEC and Justice Department staff over the arrest of Sam Bankman-Fried.

Check out the Dencun testing talk with Ethereum testing team – Parithosh, Mario, Barnabas https://www.youtube.com/watch?v=88tZticGbTo&list=PL4cwHXAawZxpnKFDl1KzGOKqwux5JaLlv&index=3&t=1103s&pp=gAQBiAQB Summary Introduction to Dencun Testing Testing flow What kind of test we will run? Execution Specs Tests (Python EVM Tests) for DencunTesting The Pytest generation flow What do these tests contain? PyTest for Cancun EVM changes Current #state of Functional…
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Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the “bodies are buried,” has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass.’  Lubin’s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that Ethereum’s co-founder Joseph Lubin sent to him personally on July 21, 2014. Lubin (whom Nerayoff now also refers to as #CrookedElbowJoe) also copied Fry, Bertrand, Vitalik Buterin, and Jeffrey Alberts in the mail.  Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns In the mail, Fry, Bertrand (there is an assumption that ‘Fry, Bertrand’ is one person rather than separate individuals) stated that the “opinion letter” was being put on a letterhead and would be forwarded to Lubin after.  Following the revelation of this mail, a video clip surfaced where pro-XRP legal expert John Deaton gave his opinion on the mail. In the clip, Deaton suggested that the ‘opinion paper’ mentioned in the mail was the same one Lubin had referred to when he said he had a “piece of paper” in his pocket before the ETH ICO. Deaton also stated that Nerayoff got that piece of paper in Lubin’s pocket and that this series of events was extremely significant. It is worth mentioning that Deaton might already have first-hand information as to what might have transpired between the SEC and Ethereum and how deep the irregularities run, as he has already been in communication with Nerayoff (under the Attorney-Client privilege communication). This is something that he revealed during his “announcement” last week.  In an earlier tweet, Nerayaoff had also suggested that the ETH Gate was beyond just former SEC Director William Hinman’s speech, where he stated that Ethereum wasn’t a security. He said, “They’re hiding more than the motives behind the speech by #DirtyHinman.” He also used the hashtags #CryptoJudas (what he refers to Vitalik as) and #CrookedElbowJoe (Joseph Lubin). What Is This Lubin’s Piece Of Paper? Attorney Bill Morgan seemed to suggest that Nerayoff was indicating that Jeffrey Alberts and Fry Bertrand (who co-authored the piece ‘Is Bitcoin A Security?’ in 2015) were the same persons who wrote the opinion letter (which Deaton suggested was the same piece of paper Lubin spoke about before the ETH ICO).  If so, he could be driving at the fact that Alberts and Bertrand (who happen to be lawyers) may have written this opinion letter to convince the SEC that Ethereum wasn’t a security before the ICO. Meanwhile, Nerayoff reposted a tweet which had a similar theory. In the tweet, the X (formerly Twitter) user highlighted a part in Alberts’ bio where he was said to have “helped structure the initial public sale of ether.”  Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 The bio alluded to the fact that the SEC had concluded that Bitcoin and Ether weren’t securities, adopting the “legal interpretation Alberts had articulated years ago.” The user also noted the relationship between Alberts and Marc Berger (who charged Ripple) as they worked together at the Manhattan US Attorney Office’s securities and commodities fraud task force. Marc Berger is said to be working with Bill Hinman now.  ETH bulls defeat bears to cross $1,600 | Source: ETHUSD on Tradingview.com Featured image from Fasset, chart from Tradingview.com

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The sale has sparked chatter among local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a “Russian version” of Binance.US.

Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. The altcoin’s price, currently at $0.508295 according to CoinGecko, has shown signs of weakness, with a 2.4% decline in the past 24 hours and a 7.3% dip over the past week.  However, the real concern for MATIC investors lies in the potential reversal from the down-sloping trendline. This trendline, intact since February 2023, has kept MATIC in check for months. If breached, it could unleash a wave of selling pressure that might push the price below the critical $0.50 level. Related Reading: Cardano $0.24 Support Test: Can ADA Price Reverse Its Downward Trend? Polygon Faces Increasing Selling Pressure On The Horizon Traders are well aware that when an asset approaches a long-standing downtrend resistance line, it often faces increased selling pressure. Analysts suggest that a reversal from this trendline could lead to an 18% price decline, potentially dragging MATIC down to the next key support level at $0.42. It’s a make-or-break moment for the altcoin, and its fate hangs in the balance. For those who remain bullish on Polygon’s native coin, patience is key. A daily close above the resistance trendline would signal a significant shift in market sentiment. Such a breakthrough could provide the bulls with the momentum they need to initiate a recovery rally. If successful, MATIC may set its sights on initial resistance at $0.63, with an even more ambitious target of $0.69. MATIC market cap slightly below the $5 billion level. Chart: TradingView.com Polygon 2.0: A Potential Game Changer Adding a layer of complexity to this price analysis is Polygon’s recent announcement of Polygon 2.0. This strategic overhaul envisions a fundamental shift in Polygon’s blockchain architecture and an expansion beyond Ethereum to include various other blockchains. Polygon aims to execute this transformation in the early fourth quarter, potentially paving the way for a surge in interest and demand for its native coin. Related Reading: Is Terra Classic Planning For USTC To Be Pegged To The Dollar Again? As MATIC teeters on the edge of a crucial technical juncture, the cryptocurrency market remains a battleground of uncertainty. Traders and investors must exercise caution and closely monitor developments around the down-sloping trendline. The success or failure of MATIC to break free from this resistance could determine its price trajectory in the coming weeks. Moreover, the impending rollout of Polygon 2.0 adds an extra layer of anticipation to an already dynamic cryptocurrency landscape, promising potential surprises for MATIC holders and the wider crypto community. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock

BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC users’ privacy and maintain monetary freedom.