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Sam Bankman-Fried was found guilty, and the crypto business might never get better.

 This industry has been permanently damaged by Sam Bankman-Fried, who has added to the idea that it is like the Wild West and customers have no protection. The crypto world will have to work hard for years to fix its image, if it ever does. A jury only needed four hours to decide that Sam Bankman-Fried, the former "crypto king," was guilty of theft. The 31-year-old man was found guilty of stealing billions of dollars from FTX users. Before it crashed last year, FTX was the second-largest cryptocurrency exchange in the world. At least 80,000 FTX users in the UK are still out of pocket while the new management of the company tries to figure out where the money went. During the trial, three executives close to Bankman-Fried gave evidence. These executives knew how the doomed company was run from personal experience. His on-and-off girlfriend Caroline Ellison, CEO of sister trading firm Alameda Research, which helped bring down FTX, said it was a "relief" when the busin...
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Binance Launches Buy Low-Sell High For BTC, SOL, XRP, DOGE & Other Top Crypto

 Binance, the world's largest cryptocurrency exchange, announced on Tuesday the debut of a new batch of Dual Investment products with updated Target Prices and Settlement Dates. Users can use the sell high/buy low items for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Polygon (MATIC), Cardano (ADA), and Dogecoin (DOGE). Binance Launches Two New Investment Products Binance, the cryptocurrency exchange, announced a fresh batch of Dual Investment products in an official announcement on October 31. Users can sell high and purchase cheap, with updated target prices and settlement dates. In the future, users will be able to sell ETH for BTC, BNB for BTC, or ETH, BTC for significant incentives. Furthermore, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, or LTC can be exchanged for USDT and BUSD. Similarly, consumers seeking high returns on their stablecoin holdings can deposit BTC to purchase ETH or BNB, ETH to purchase B...
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Bernstein Predicts $150,000 Bitcoin (BTC) Price by 2027

 According to a recent projection made by global asset management firm Bernstein, Bitcoin (BTC) price is expected to reach $150,000 levels in the 2024 to 2027 cycle. Bitcoin (BTC) Price to See 336% Jump Within the past 24 hours, Bitcoin has seen a minute price gain of 0.5% and the leading cryptocurrency is currently trading at $34,530.02. However, Bernstein is bullish about the coin. To hit the huge price jump projected by the asset manager, BTC would be required to surge by up to 336% from its present market value. To buttress its claim, Bernstein recalled a historical relationship between Bitcoin price and its price-to-marginal cost. This comparison is important in demonstrating how far BTC trades above its production cost. In the long run, this provides miners with the necessary insights into potential profitability as well as the sentiment of the broad market. It is worth noting that the Bitcoin (BTC) price was about 5 times its marginal cost six years ago. Markedly, this regis...
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Vitalik Buterin Moves Ethereum To Coinbase, ETH Price To Rally?

According to Santiment statistics, global debates about artificial intelligence and real-world assets have skyrocketed. Furthermore, traders and investors are less likely to mention a bullish or bearish market. The market opinion for the BTC price of $40K may be a positive omen for investors. AI and Real-World Assets Are Emerging As A Hot Topic With governments pushing toward promoting the growth and development revolving around the field of AI, market data reveals an increase in investors and traders debating the futuristic prospects of real-world assets and Artificial Intelligence. Furthermore, as the crypto market flattens, talks about cryptocurrency prices plummet. However, the emotion surrounding Bitcoin surpassing $40k is growing. According to Santiment's research, despite BTC's price gain, the search volume for Bitcoin exchange-traded funds (ETFs), a key indication in the cryptocurrency market, remains relatively low. Search volumes for keywords like as the consumer pric...
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Bitcoin Price Prediction As Traders Eye Fresh Entries Post FOMC Meeting, How Far Can Dips Go?

 The price of Bitcoin (BTC) is overheating, prompting demands for a pullback to enable new liquidity into the market ahead of the next comeback, which is expected to approach highs beyond $40,000. The bellwether cryptocurrency has lost a little of its value in the last 24 hours to trade at $34,370, but it is still up 0.4% in the last seven days, 21% in one month, and 66.6% in the last year, according to CoinGecko market data. According to Greeks.live, the market gloom is caused by low volatility and "the recent tendency of large trades to clearly favor bearishness via bull spreads and calendar."  While enthusiasm for the probable approval of Bitcoin spot exchange-traded funds (ETFs) remains high, the hoopla and conversation around the subject have subsided somewhat. Most exchanges' trading volume has also fallen, with BTC recording only $13 billion, a 17% drop in the last 24 hours. Meanwhile, Bitcoin ETF tickers continue to appear on the website of the Depository Trust ...
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Filecoin Virtual Machine Development Receives Boost from LongHashX Accelerator

 Filecoin Virtual Machine Development Receives Boost from LongHashX Accelerator   Key takeaways   LongHash Ventures has launched two new incubation programs for development brigades who are creating FVM-compatible dApps   LongHashX Accelerator will accept 5 VC-ready systems, while LongHashX Fellowship will accept up to 25 early- stage FVM projects   operations are now being accepted for each LongHashX cohort   Filecoin( FIL) has joined forces with LongHashX, an incubation service handed by LongHash gambles. The new program, which will support development brigades who are erecting blockchain systems using Filecoin Virtual Machine( FVM), will accept brigades across two cohorts starting from 1st October 2023.     Filecoin Virtual Machine went live on mainnet in March 2023, offering a Filecoin-specific programming frame that brings the network closer to “ a more flexible, accessible, and decentralized pall. ” The developm...
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Binance Announces Listing A New Altcoin For Futures

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  Binance Announces Listing A New Altcoin For Futures    Cryptocurrency derivatives exchange Binance Futures has announced the launch of a new perpetual contract for DODO, a decentralized finance (DeFi) protocol and on-chain liquidity provider. The DODO/USDⓈ perpetual contract will be able to be traded with a maximum leverage of 20x as of 15:00 on August 8, 2023. DODO is a DeFi protocol that aims to offer better liquidity and price stability than automated market makers (AMMs) using a unique proactive market maker (PMM) algorithm. The PMM algorithm mimics human trading behavior and uses oracles to collect accurate market prices for assets. It then provides sufficient liquidity near these prices to stabilize the liquidity providers' (LP) portfolios, reduce price drift, and eliminate temporary losses by allowing arbitrage trading as a reward. DODO also caters to new crypto projects with a free initial DODO offer (IDO) protocol that requires issuers to deposit only their own...
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