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Blockchain and web3 innovator nChain has issued a statement responding to accusations made by its former CEO, Christen Ager-Hanssen. Hours after Ager-Hanssen took to social media to announce his departure from the technology company, citing a conspiracy against shareholders, the Zug, Switzerland-based company responded with a statement of its own. I can confirm I have departed from @nChainGlobal as its Group CEO with immediate effect after reporting several serious issues to the board of nChain Group including what I believe is a conspiracy to defraud nChain shareholders orchestrated by a significant shareholder. I also… pic.twitter.com/F6rNJfRxnl — Christen Ager-Hanssen (@agerhanssen) September 29, 2023 Ager-Hanssen had couched his social media post to imply he left his position of his own volition. However, in its statement, nChain clarified that the Norwegian businessman was summarily dismissed on Sept. 27 following concerns regarding his stewardship of the company. ...

On the first day of every month, Ripple unlock s 1 billion XRP tokens from an escrow system programmed within the XRP Ledger. This is set to happen again on October 1 (Sunday), in three transactions of 100 million, 400 million, and 500 million XRP. Notably, October 2023’s unlock accrues for 1.87% of the current circulating supply of 53.31 billion XRP, and part of the remaining 46.69 billion XRP tokens owned by Ripple, that are still locked in escrows to be released monthly until February 2027. There are three escrows set to be finalized on the last minutes of September 30, held by two known wallet addresses under Ripple’s control: Address “Ripple (22)” —  for an unlock of 500 million XRP, that was locked on July 01, 2019, with the transaction ID “D0C3E…7568F”. Address “Ripple (23)” — for an unlock of 100 million XRP, that was locked on July 01, 2019, with the transaction ID “532CD…1E4D2”. Address “Ripple (23)” — for an unlock of 400 million XRP, that was locked on August 01,...

Recent price action has raised concerns that Bitcoin (BTC) could be poised for another decline, with the daily closing price indicating potential weakness. Bitcoin miners may be crucial in preventing a sharp plunge, provided the exchange flow remains stable. Benjamin Cowen, the founder of Into The Cryptovers, has suggested that Bitcoin could be heading towards a death cross . Cowen shared his Analysis on X (formerly Twitter), emphasizing that a death cross could lead to lower highs , which are already starting to manifest. A death cross occurs when the short-term Moving Average (MA) falls below the long-term MA, typically signaling price weakness in Bitcoin’s market chart. The presence of lower highs , where the closing price is lower than the high of the previous day, could further contribute to Bitcoin’s potential decline. Cowen had previously predicted lower highs for Bitcoin on September 12 when BTC was heading towards $27,000. However, Bitcoin’s price actio...

What had appeared, just a few weeks ago, to be a surefire acquisition of Fortress Trust by Ripple has fallen through, according to Ripple CEO Brad Garlinghouse. No reason was given for abandoning the acquisition but Garlinghouse did say that “ Ripple will remain an investor,” and that “the Fortress team is incredibly talented.” While speculation is swirling about what could have caused the dramatic, sudden change of plans, what can’t be ignored is that Fortress CEO Scott Purcell allegedly took millions of dollars from the now-bankrupt Prime Trust and then went on to found Fortress. Banq alleges founder stole assets to start crypto custodian Fortress Read more: Fortress Trust says ‘no loss of funds’ as its customers’ Crypto was stolen Hack, losses, and questions Prime Trust, which consisted of a similar “incredibly talented” team, has been accused of siphoning customer funds to purchase digital assets, including Terra and Luna in 2022. The Nevada-based trust was forc...

Despite going through one of the worst inflations of all time, the US Dollar (USD) has outperformed 115 global fiat currencies in the last 10 years in the forex market but got massively outperformed by Bitcoin (BTC). Notably, 33 out of the 115 currencies have lost over half (50%) of their value against “King Dollar”, in the words of Charlie Bilello, the Chief Market Strategist at Creative Planning who shared this data on September 28, collated from xe.com one day before. King Dollar pic.twitter.com/rJjG9NCMTg — Charlie Bilello (@charliebilello) September 28, 2023 Among the five worst performers, which lost over 92% of their purchasing power related to the USD, two of them belong to the G20 countries. The Argentine Peso (ARS) lost 98.3% against the dollar , while the Turkish Lira (TRY) lost 92.6%. The Venezuelan Bolívar (VEF) lost 99.9998%. While both the Sudanese Pound (SDG) and the Syrian Pound (SYP) were also just 100bps of losing it all, with -99.3% and -99.1% 10-yea...

Earlier this month, the European Union (EU) began an investigation into the subsidies that China gives to EV (electric vehicle) makers. According to the latest reports, non-Chinese EV automakers might also fall under investigation by the EU. This includes brands like BMW and Elon Musk ’s Tesla. The EU launched its investigation after gathering evidence of distortions in the European market. It was found that vehicles produced in the EU were facing steep competition from cheaper vehicles produced in China. According to European data, sales of Chinese-produced cars in Europe rose to 8% this year. This figure could reach 15% by 2025. According to Valdis Dombrovskis, the Executive Vice President of the European Commission, “There’s a lot of speculation, but at this stage, the scope of this investigation is not decided yet.” Also Read: Morgan Stanley Analyst Predicts 60% Rally for Elon Musk ’s Tesla Dombrovskis added that they are currently doing pre-initiation consulta...

The competitive landscape of Artificial Intelligence is becoming more intense, with Meta , formerly known as Facebook , launching its own AI chatbot – Meta AI. This latest venture aims to rival giants like OpenAI’s ChatGPT , Google’s Gemini, and Anthropic’s Claude. The release of Meta AI on September 27 marks the social media giant’s direct foray into a market segment already witnessing innovations from leading technology enterprises. Meta AI leverages the company’s vast language models and is bolstered by a strategic partnership with Microsoft Bing. Moreover, adding flavor to this AI assistant, the firm reportedly unveils 28 chatbots themed on celebrities and cultural icons. Meta CEO Mark Zuckerberg encapsulated the essence of AI in a statement at the company’s developer conference, mentioning, “Meta AI is the basic assistant that you can talk to like a person.” While Meta has consistently been at the forefront of AI research, the limelight often favored Go...

Bullish Ethereum Classic (ETC) price prediction ranges from $20 to $50. Analysis suggests that the Ethereum Classic price might reach above $43. The Ethereum Classic bearish market price prediction for 2023 is $11. Table of contents What is Ethereum Classic (ETC)? Ethereum Classic (ETC) Market Overview Ethereum Classic (ETC) Current Market Status Ethereum Classic (ETC) Price Analysis 2023 Ethereum Classic (ETC) Price Analysis – Bollinger Bands Ethereum Classic (ETC) Price Analysis – Relative Strength Index Ethereum Classic (ETC) Price Analysis – Accumulation and Distribution Line Ethereum Classic Price Prediction 2023-2030 Overview Ethereum Classic (ETC) Price Prediction 2023 Ethereum Classic (ETC) Price Prediction – Resistance and Support Levels Ethereum Classic (ETC) Price Prediction 2024 Ethereum Classic (ETC) Price Prediction 2025 Ethereum Classic (ETC) Price Prediction 2026 Ethereum Classic (ETC) Price Prediction 20...

Crypto trader, ‘Lady of Crypto’ posts concerns about Gary Gensler as SEC Chairman. The crypto trader speaks about Gensler’s prior connections to Binance and FTX. The tweet was a follow-up to Gensler’s recent congressional grilling. In a recent post on X (formerly Twitter), crypto trader Lady of Crypto expressed serious concerns about the suitability of Gary Gensler as the Chairman of the U.S. Securities and Exchange Commission (SEC). The tweet, accompanied by the hashtag #FireGaryGensler, accused Gensler of lacking impartiality and highlighted his past interactions with major cryptocurrency players Binance and FTX. Gary Gensler is quite possibly one of the worst picks for SEC chairman. #FireGaryGensler The job of the SEC chairman is to be an impartial regulator and Gensler is anything but. In 2019 he applied for a job at Binance and was rejected. He actually flew all the way to Japan to… pic.twitter.com/Pfly3T4oEr — Lady of Crypto (@LadyofCr...

Recent data from Etherscan shows that two previously inactive cryptocurrency wallets, “0x6ab” and “0xA75”, have received substantial withdrawals of Shiba Inu (SHIB) tokens from the exchanges Binance and MEXC, totaling 61 billion SHIB. This indicates new Shiba Inu whales surfacing At current market prices, these transactions are valued at over half a million US dollars. Prior to receiving the SHIB, neither wallet appeared to have any previous transaction history or account activity. Also read: Kraken Expands European Footprint: Secures Regulatory Approvals in Ireland, Spain New Shiba Inu wallets emerge with no prior transactions The first wallet received its SHIB directly from Binance, while the second wallet obtained its tokens from another anonymous wallet that had withdrawn them from MEXC. Shortly after, both wallets deposited their newly acquired SHIB tokens back onto Binance, using different transfer routes. Also read: Chase Bank...

As September gets close to its end, preparations for the celebration of Halloween begin, but cryptocurrency traders are focusing more on the trends and prediction s in the crypto industry, which currently indicate that XRP could close the month of October on a more positive note. Indeed, as the majority of assets in the cryptocurrency market return to the sideways trading pattern, XRP is no exception, but machine learning (ML) algorithms suggest that there is a strong chance for the token to be trading at a slightly higher price than at press time – on September 27. What machine algorithms say Specifically, the self-learning machine algorithm deployed by the crypto tracking platform CoinCodex indicates that the XRP token could increase its price by 2.3144% by Halloween and end up changing hands at $0.517442 on October 31, 2023. XRP 3-month price prediction. Source: CoinCodex Previous Halloween trends As for the price of XRP on Halloween in previous years, the situation i...

The SEC has delayed its decision on the ARK 21Shares Bitcoin ETF decision to early 2024. Also delayed is the Global X Bitcoin Trust application. Analysts expect the regulator to delay other proposals amid the likelihood of a US government shutdown. The Securities and Exchange Commission ( SEC ) has yet again delay ed a decision on the ARK 21Shares Bitcoin ETF application, pushing this to early 2024. The SEC also delay ed the Global X Bitcoin Trust application to November 21. News of the delays has elicited various reactions from the crypto industry, with many observing that the regulator will now likely delay all the other applications to next year. Bloomberg ETF analyst James Seyffart shared news of the SEC’s decision on X. UPDATE: Wow. The SEC just came out SUPER early and delay ed the @ARKInvest / @21Shares # Bitcoin ETF filing. This thing wasn't due for a decision until Nov 11. Also delaying the @GlobalXETFs application which was due Oct 7...