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XRP Lawsuit: SEC Suffers Setback As Court Rules Critical Evidence To Be Unsealed for Public

XRP Lawsuit: SEC Suffers Setback As Court Rules Critical Evidence To Be Unsealed for Public

The U.S. Securities and Exchange Commission’s (SEC) ongoing lawsuit against Ripple has taken a blow after a federal judge ruled that the public has the right to see documents which have been one of the most contentious issues of the lawsuit. U.S. District Judge Analisa Torres ordered that documents relating to the much-discussed “Hinman emails” […]

The post XRP Lawsuit: SEC Suffers Setback As Court Rules Critical Evidence To Be Unsealed for Public appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Polygon (MATIC) Gaming Altcoin Surges After Coinbase Quickly Adds Crypto Asset to Lineup

Polygon (MATIC) Gaming Altcoin Surges After Coinbase Quickly Adds Crypto Asset to Lineup

Top US crypto exchange Coinbase is rolling out support for a low-cap gaming altcoin, spurring a price surge for the token. VOXEL, the native altcoin of the tactical RPG game Voxie Tactics, is up more than 36% than this week, thanks largely to a sizeable price jump after the Coinbase announced it was considering adding […]

The post Polygon (MATIC) Gaming Altcoin Surges After Coinbase Quickly Adds Crypto Asset to Lineup appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Top Bloomberg Strategist Says He’s ‘Shocked’ By Ethereum’s Performance, Details Outlook on ETH and Bitcoin

Top Bloomberg Strategist Says He’s ‘Shocked’ By Ethereum’s Performance, Details Outlook on ETH and Bitcoin

Bloomberg Intelligence senior macro strategist Mike McGlone says the top two crypto assets by market cap remind him of the early days of Netflix. In a new interview with crypto influencer Scott Melker, McGlone says that promising new technologies historically find success over time. McGlone predicts Bitcoin (BTC) and Ethereum (ETH) will survive the turbulent […]

The post Top Bloomberg Strategist Says He’s ‘Shocked’ By Ethereum’s Performance, Details Outlook on ETH and Bitcoin appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis

Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary GenesisFollowing accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital. Report Claims Digital Currency Group, Genesis Global Capital Allegedly […]

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Crypto Hedge Fund Veteran Mark Yusko Doubles Down on $100,000 Bitcoin Prediction – Here’s the Timeline

Crypto Hedge Fund Veteran Mark Yusko Doubles Down on 0,000 Bitcoin Prediction – Here’s the Timeline

Morgan Creek Digital cryptocurrency hedge fund managing partner Mark Yusko is doubling down on a bullish prediction for Bitcoin (BTC) despite the recent market downturn. In a new interview with YouTuber Benjamin Cowen, Yusko says that Bitcoin will range for months before making a parabolic move to a six-figure price. “What’s going to happen here […]

The post Crypto Hedge Fund Veteran Mark Yusko Doubles Down on $100,000 Bitcoin Prediction – Here’s the Timeline appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

On-Chain Signal Suggests Bitcoin Selling Is Over, BTC To Head Upwards Against Weakening Dollar: InvestAnswers

On-Chain Signal Suggests Bitcoin Selling Is Over, BTC To Head Upwards Against Weakening Dollar: InvestAnswers

A popular crypto analyst says that several on-chain signals for Bitcoin (BTC) suggest sellers are losing control of BTC’s price action. In a new video, the InvestAnswers host looks at data from blockchain analytics firm Glassnode depicting the “three-month HODLer” metric, which shows the proportion of wealth held in coins that moved in the last […]

The post On-Chain Signal Suggests Bitcoin Selling Is Over, BTC To Head Upwards Against Weakening Dollar: InvestAnswers appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon

Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon

Terra (LUNA) founder Do Kwon says that backing stablecoins with the US dollar may limit the use cases of these assets. In a new interview on CNBC, Kwon identifies the potential risks that come with pegging stablecoins, which are crypto assets backed by a reserve asset such as fiat or another cryptocurrency to offer price […]

The post Backing Stablecoins With Bitcoin or Altcoins Eliminates This Massive Risk, Says Terra (LUNA) Founder Do Kwon appeared first on The Daily Hodl.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Avalanche creates $200 million fund to lure top crypto devs

The $200 million fund aims to foster growth and innovation on the Avalanche network.

The Avalanche Foundation has unveiled “Blizzard” — a fund offering more than $200 million in incentives to developers who build on the Avalanche (AVAX) network.

The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs), and other products on Avalanche.

Avalanche is a Proof-of-Stake network that launched in September 2020. The network boasts Ethereum Virtual Machine (EVM)-compatibility, allowing developers to port decentralized applications over from Ethereum. The network now boasts more than 320 projects that are currently building on it, including top stablecoin issuer Tether, popular DEX SushiSwap, and oracle providers Chainlink and The Graph.

Per a Nov. 1 announcement, Blizzard’s contributors include the Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, and CMS Holdings.

Blizzard will prioritize four key areas of growth across the Avalanche ecosystem — DeFi, enterprise applications, NFTs, and culture applications. The funds will be used for equity investments, token purchases, partnership efforts, technology, and business development.

Builders within the ecosystem will also be offered ongoing support, with Ava Labs president John Wu stating:

“Blizzard is entering the Avalanche community at a pivotal moment, where this influx of users and activity demands constant innovation in new applications and use cases on the platform.”

Avalanche is the sixth largest proof-of-stake network with a $14 billion staked capitalization and t 56% of it's supply  currently staked.

Per DefiLlama, Avalanche is the 5th-largest network with a total value locked of $8.5 billion, with its TVL having surged by 2,624% from just $312 million in August.

Related: Cointelegraph Consulting: How Avalanche is reimagining DeFi

According to CoinGecko, AVAX is down roughly 18% from it's Sep. 23 all-time high of $79.31, last trading hands for $64.80 at the time of writing.

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

Aussie cyber spies to control critical infrastructure during ransomware attacks

The new bill, if passed, will allow cyber warfare operatives to take over control of critical infrastructure under attack.

Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.

The Australian Signals Directorate (ASD), a government agency in charge of cyber warfare and information security, would be able to take over control of critical infrastructure — including energy, communications and banking systems — under new legislation introduced into Parliament.

The legislation even considers health care and grocery businesses to fall under the definition of critical infrastructure and imposes new positive security obligations.

For ASD operatives to provide assistance, operators from the affected infrastructure have to report a serious cyber incident.

According to The Australian newspaper, the Critical Infrastructure Bill will be introduced to parliament, on Oct. 20, with bipartisan support from the committee that examined it.

Home Affairs Minister Karen Andrews stated the measures proposed will ensure the safety of essential services that Australians rely on:

“Recent cyber-attacks and security threats to critical infrastructure, both in Australia and overseas, make these reforms critically important.”

But a coalition of Australian and international tech industry groups is opposed to the new laws.  “Without significant revision, the bill will create an unworkable set of obligations and set a troubling global precedent,” they wrote in a joint letter.

There have been a string of high profile ransomware attacks this year, including the Colonial Pipeline cyber attack in the U.S. in May, which forced governments around the world to rethink their vulnerabilities and highlighted crypto’s role in the attacks.

Another ransomware attack in May, on Australian meat processor JBS, pushed Australian lawmakers to take a tougher stance. A new Ransomware Action Plan was released last week  will allow Australian authorities to seize or freeze financial transactions in cryptocurrencies that are associated with cyber-crime regardless of the country of origin.

The Parliamentary Joint Committee on Intelligence and Security said the “threat of cyber security vulnerability and malicious cyber activity has become increasingly evident in recent years” with about a quarter of reported cyber security incidents affecting critical infrastructure organizations.

Related: Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months