Ran Neuner thinks that Do Kwon should be jailed for a long time.

Neuner expressed his disappointment with Kwon, after supporting him for a long time.

Kwon was involved in an implicating email conversation with Daniel Shin.

After recent findings, Ran Neuner, founder of Crypto Banter, thinks that Do Kwon, co-founder of the defunct Terraform Labs, should be jailed for a long time. Neuner posted this on X (formerly Twitter) while expressing his disappointment with Kwon, someone he claimed to have always supported.

I always stood up for Do Kwon, assuming that he tried to change the money system and his his venture failed. After this, if true, he should rot in a prison! pic.twitter.com/M2BNrosHWb

— Ran Neuner (@cryptomanran) September 30, 2023

According to Neuner, he always stood up for Kwon on the assumption that his intentions were genuine. The CNBC crypto trader said he thought Kwon genuinely tried to change the money system before his venture failed. Unknown to him, it was a scam, carefully planned and executed.

Neuner shared the screenshot of an implicating email conversation between Kwon and Daniel Shin. In the shared conversation, Kwon explained to Shin how he would discretely execute his plot without discernment from those who could prove his project was fake.

While Shin probed Kwon’s plans, he didn’t appear to discourage him from the plot. He sounded like an accomplice who queried the proposed method with the fear of being caught. In one of his responses, Shin asked, “Why not just do what others do and give out the inflation of Terra?”

Many respondents under Neuner’s post shared a similar sentiment and think Kwon should be punished for a criminal offense. Thyrone Cameron, one of the respondents, simply said that Kwon was so shady, while another respondent with the identity Theodorex the shared evidence instantly makes Kwon as criminal as SBF. 

In a contrary submission, Chris Amani, CEO of Terra Money, watered down the significance of the shared conversation. According to Amani, it was an inelegant private conversation about the need to bootstrap validators to ensure the chain’s security. He noted that such is done through inflationary rewards in many cosmos chains today. He claimed that Terra relied only on fees, so they needed another way to do it and ended up with Project Santa.

The post Do Kwon Should Be Jailed Based on Leaked Conversation: Neuner appeared first on Coin Edition.

The hacker behind the $415 million FTX exploit recently moved millions worth of ETH.

The exploiter has moved a total of $8 million worth of crypto assets via Railgun and Thorchain. 

The on-chain transfers came more than ten months after FTX was initially hacked. 

The hacker behind the multi-million FTX hack of November last year recently moved thousands of exploited ETH. On-chain data gathered by several blockchain security firms showed that the hacker used crypto privacy tools to obscure their transactions and move around as much as $8 million in exploited funds. 

On-chain analytics platform Lookonchain reported earlier today that the FTX Accounts Drainer transferred over 5,000 ETH worth $8.3 million through in separate transactions of 2,500 ETH each. Following the transactions, the FTX hacker held 180,735 ETH worth more than $302 million across 13 crypto addresses. 

The hacker used crypto privacy tools like RailGun and Thorchain to make the transfers. Interestingly, the multi-million dollar crypto transactions cost the hacker a mere $0.50. The transfers took place more than ten months after the hacker initially exploited the Bahamas-based crypto exchange owned by Sam Bankman-Fried. 

On-chain data showed that the crypto wallet that was used by the hacker to make the transactions earlier today had 12,500 ETH worth approximately $21 million remaining. The hacker transferred 700 ETH via Thorchain Router and 1,200 ETH through RailGun. Meanwhile, an intermediate wallet held another 500 ETH tied to the hack. 

The hack occurred on November 11, 2022, shortly after FTX filed for Chapter 11 bankruptcy. Following days of uncertainty surrounding its finances, Sam Bankman-Fried’s crypto empire came crashing down, with FTX and its sister firm Alameda Research left defunct in its wake. 

Initial estimates suggested that the hacker stole over $600 million worth of ETH at the time, becoming the 35th largest holder of Ether. Under the new CEO John Ray III, FTX’s new management has been investigating the matter in an effort to recover the exploited funds. 

The post $415 Million FTX Hacker Moves ETH Exploited From The Exchange appeared first on Coin Edition.

Whale Alerts shared that XRP worth more than $18 million was deposited onto the Bithumb exchange earlier today.

At press time, XRP’s price was still in the green after it increased by 1.57% in the past 24 hours.

XRP’s price was able to break above a symmetrical triangle pattern that had formed on its daily chart.

The whale tracking platform, Whale Alerts revealed in an X post that a huge amount of XRP was deposited to an exchange earlier today. According to the post, a whale transferred 36,370,840 XRP from an unknown wallet to Bithumb. The transferred XRP was worth approximately $18,775,470.

🚨 36,370,840 #XRP (18,775,470 USD) transferred from unknown wallet to #Bithumbhttps://t.co/Ws9B5zi1ZI

— Whale Alert (@whale_alert) September 30, 2023

So far, it does not seem like the whale has made any moves to rid himself of his XRP holdings as the remittance token’s price was still in the green at press time. Data from CoinMarketCap indicated that XRP’s price was able to climb by 1.57% in the past 24 hours, which left it trading hands at $0.5164.

This meant that XRP was trading a bit closer to its 24 hour low price of $0.5072 when compared to its peak price established during this time, which was $0.5455. Notably, XRP experienced a remarkable surge in its 24 hour trading volume, bringing the total volume to $1,672,194,735.

Furthermore, it is important to highlight that XRP’s performance over the last day pushed its weekly performance into positive territory, with a gain of 0.70%. However, when looking at the monthly performance, the remittance token’s price was still down 1.80%.

Daily chart for XRP/USDT (Source: TradingView)

XRP’s price was able to break above a symmetrical triangle pattern that had formed on its daily chart over the past couple of weeks. Furthermore, it continued to trade above this chart pattern at press time. Subsequently, the remittance token’s price may attempt to flip the $0.5515 resistance level into support in the coming few days.

Thereafter, continued buy pressure could boost the altcoin’s price to as high as the next barrier, which is situated at $0.6686. This bullish thesis will be invalidated if XRP retraces back within the breakout pattern that had formed on its daily chart. Consequently, the cryptocurrency may be at risk of breaking out towards the downside.

In this bearish scenario, XRP may retest the $0.4783 support level. If sellers continue to exert pressure on the remittance token’s price, then it may drop below this key level to as low as the subsequent mark at $0.4120 in the following 2 weeks.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Huge XRP Transfer Worth $18+Million Hits Bithumb Exchange appeared first on Coin Edition.

Paradigm files an amicus brief in the SEC lawsuit against Binance.

The platform points out the SEC’s “capacious” and “unreasonable” norms, highlighting the need for Congressional authorization.

Per their official announcement, Paradigm opposes the SEC’s gambit despite the platform’s non-involvement with Binance.

The research-driven technology investment firm Paradigm recently filed an amicus brief in the Securities and Exchange Commission’s (SEC) legal war against Binance. In an official statement, Paradigm asserted that they strongly oppose the regulator’s “gambit” despite the platform’s non-involvement with Binance.

On September 29, Paradigm submitted the amicus brief in the SEC-Binance lawsuit to seek justice for the crypto exchange, claiming that the SEC’s theories contradicted the crypto communities’ knowledge of the securities laws. The platform pointed out the “critical” ways in which the SEC’s norms are vague.

The first point Paradigm spotlighted was the regulator’s insistence on the Court to accept the “facially incredible argument that an ‘investment contract’ does not require a ‘contract.’” The firm added,

The clear statutory language and case law interpreting it makes clear that an “investment contract” requires contractual undertakings that promise the delivery of future value. A crypto asset sale, particularly one on secondary markets, promises nothing, other than the delivery of the crypto asset. The SEC cannot manifest a formal contract where none exists through clever lawyering.

As the second key idea, the platform sheds light on the SEC’s tactics to categorize all sorts of sales under the same securities law that upends the court’s long-held fact that an asset’s appreciation in value due to market forces does not adequately mean a “reasonable expectation of profits.” Elaborating on the lack of connection between the asset issuer and a secondary purchaser, Paradigm stated, “A shared hope that an asset will appreciate in value might create a common interest, but that hope does not constitute a common enterprise.”

Finally, the firm questioned the SEC’s “capacious” and “unreasonable” interpretation of the investment contract, reiterating the need for a “clear congressional authorization” for a convenient and comprehensive crypto regulation. Paradigm added, “Only Congress can and should fill those gaps, not the SEC.”

The post Paradigm Files Amicus Brief in the SEC-Binance Lawsuit: Report appeared first on Coin Edition.

The price of Dogecoin (DOGE) dropped 0.22% during the past day of trading.

Despite the slight drop in DOGE’s price, it was still trading above the 20-day EMA line.

A daily candle close above the 20-day EMA line today may lead to it attempting a challenge at the $0.06450 resistance.

Technical indicators suggest that Dogecoin (DOGE) could attempt to challenge a key resistance level in the short term. However, sellers were trying their very best to prevent this from happening. According to CoinMarketCap, the meme coin’s price dropped 0.22% over the past 24 hours – dragging the altcoin’s value down to $0.06187 as a result.

DOGE’s slight drop in value took place during a period wherein the meme coin market’s capitalization dropped 0.55%. Consequently, the combined capitalization for all meme coin’s was estimated to be $14.4 billion.

Daily chart for DOGE/USDT (Source: TradingView)

DOGE’s price movement throughout the past few weeks has been fairly lackluster as the meme coin consolidated within the range between $0.05835 and $0.06450 during this period. Despite this, the cryptocurrency seems to be attempting to challenge the upper limit of this consolidation channel at press time.

DOGE has, however, been able to rise above both the 9-day and 20-day EMA lines over the past 3 days, and continued to trade above these technical indicators as well. Should DOGE close today’s daily candle above the 20-day EMA line, at around $0.06187, then it may have the foundation needed to finally break free from the current sideways channel.

A daily candle close above $0.06450 will be a significant accomplishment for the meme coin, given the fact that it is also confluent with the 50-day EMA line. Subsequently, traders may identify a close above this threshold as a good buy opportunity. If this bullish scenario plays out, DOGE’s price may rise to the next barrier at $0.07195 within the following fortnight.

On the other hand, DOGE closing today’s trading session below the 20-day EMA line could invalidate the bullish thesis. In this more bearish scenario, the cryptocurrency’s price could look to retest the $0.05835 support in the following 7 days.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post DOGE at a Decisive Point as Bulls and Bears Battle It Out appeared first on Coin Edition.

Ripple CEO surprises the XRP community with a tattoo to celebrate legal victory.

Garlinghouse dismisses expectations of major announcements at the event.

Pro-XRP lawyer Bill Morgan expresses skepticism about the party’s significance.

While Ripple’s CEO, Brad Garlinghouse, addressed the XRP community prior to the Friday Night celebration of the XRP ruling, prominent pro-XRP lawyer Bill Morgan expressed skepticism about the significance of the party.

Just hours before the celebratory festivities kicked off, Garlinghouse gave the enthusiastic XRP community insights into what they could anticipate at the event. He emphasized that there would be no major announcements during the party, dispelling widespread community speculation. 

Garlinghouse clarified that the event’s sole purpose was to commemorate XRP’s victory in its legal battle against the U.S. Securities and Exchange Commission (SEC). “And as for any “announcement” that people are wondering about, tonight’s event is just a celebration,” Garlinghouse remarked.

And as for any “announcement” that people are wondering about, tonight’s event is just a celebration…but I will share my recent addition: pic.twitter.com/q4THzsr4Fp

— Brad Garlinghouse (@bgarlinghouse) September 29, 2023

In the midst of it all, Garlinghouse had a surprise in store for the XRP community, unveiling his latest endeavor to commemorate the significance of XRP’s victory. Garlinghouse had the XRP logo tattooed onto his right hand. 

What made this tattoo unique was that it did not simply bear the letters “XRP” but also included the date of the momentous non-security ruling by the United States court: “07 – 13 – 2023.”

Unsurprisingly, Garlinghouse’s action ignited a flurry of reactions from the XRP community and beyond. Ripple’s CTO, David Schwartz, expressed his joy at the sight, even musing that he would have considered getting a similar tattoo himself if circumstances had allowed.

Meanwhile, prominent pro-XRP lawyer Bill Morgan took a skeptical view at the XRP celebratory party. Morgan argued that the XRP 2024 Gold Coast conference would indirectly benefit the XRP Ledger ecosystem more than the Ripple Proper Party. 

The @wave_of_innov XRP 2024 Gold Coast conference will actually indirectly add more to the value of the XRPL than the Proper Party. I can’t say why just now but I will later if the event organisers give me permission.

— bill morgan (@Belisarius2020) September 30, 2023

“I can’t say why just now, but I will later if the event organizers give me permission,” he added.

The post Will XRP 2024 Gold Coast Summit Benefit XRPL than Ripple Proper Party? appeared first on Coin Edition.

Santiment predicted that the bullish momentum for BCH, LINK, MKR, and RUNE could continue into October.

All 4 tokens saw their prices increase by more than 10% in the past week and experienced notable surges in market cap.

Meanwhile, the prices of both BCH and MKR decreased over the past 24 hours.

The market intelligence platform, Santiment, shared an X post earlier today predicting that the positive momentum for altcoins like Bitcoin Cash (BCH), Chainlink (LINK), Maker DAO (MKR) and THORChain (RUNE) could continue into the month of October. The prediction was based on the fact that these tokens saw noticeable market cap raises in the past week.

📈 #BitcoinCash (+13%), #Chainlink (+15%), #Maker (+13%), and #THORChain (+14%) are notables that saw double digit market cap rises during a positive week for #crypto. We are seeing accumulation from big $BTC & $USDT wallets, indicating this rally can continue into October. pic.twitter.com/SyeZEndoZv

— Santiment (@santimentfeed) September 30, 2023

Additionally, Santiment’s data indicated that out of the 4 tokens, LINK experienced the largest price increase of more than 15% over the past seven days of trading. RUNE was right on LINK’s heels with its 14+% price rise. Both BCH and MKR experienced 13+% price increases in the past week.

Meanwhile, LINK was able to claim the 4th spot on CoinMarketCap’s trending list after its price rose by 4.01% in the past 24 hours. At  press time, the altcoin was worth about $8.07, which meant that it was trading right below its peak price for the past day of $8.08.

However, LINK did see a more than 22% decline in its 24 hour trading volume, which settled at around $246,411,575. Along with its success over the past week, the cryptocurrency was able to secure a price increase of over 35% in the past month as well.

At press time, the trading price of RUNE was $1.97, showing a 3.20% increase over the past day. This uptrend has led to a 2.41% gain for RUNE against the market leader, Bitcoin (BTC).

Regarding its trading volume, RUNE saw an 11.07% decline in the past 24 hours. Consequently, the token’s intraday trading volume amounted to around $62,777,369.

On the other hand, things might be taking a negative turn for BCH and MKR as both altcoins saw their prices drop over the past 24 hours. BCH was trading hands at $234.84 after its price slipped by 0.50%. The cryptocurrency’s weekly performance was still, however, up by more than 13% as indicated by Santiment’s data.

Similarly, MKR suffered a loss of more than 5% in the past day, which left it trading at $1,484.80. As a result, MKR was trading close to its daily low price of $1,440.11.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post October Surge Predicted For Altcoins BCH, LINK, MKR, and RUNE appeared first on Coin Edition.

The cryptocurrency market saw its capitalization rise 0.18% over the past 24 hours.

MATIC, LINK and ETH all saw their prices rise while the market leader BTC printed a 24-hour loss.

LINK was able to achieve an impressive 4.47% gain, adding to its stellar weekly performance.

The majority of the cryptocurrency market printed gains throughout the past trading day. At press time, CoinMarketCap data indicated that the market’s collective capitalization rose 0.18% during this period. Despite this slight increase over the past 24 hours, traders and investors were unable to reach consensus regarding which direction the market should move in.

Most notably, the market leader Bitcoin (BTC) saw its price drop 0.37% over the past 24 hours, while the largest altcoin in terms of market cap, Ethereum (ETH), was able to achieve a 0.86% gain during the same period. As a result, BTC was changing hands just below the psychological $27K mark at $26,933.43. Meanwhile, ETH’s price stood at $1,673.28 at press time.

Most of the capital that entered the market throughout the past 24 hours seems to have been directed towards altcoins, as Polygon (MATIC) was also able to achieve a daily gain. CoinMarketCap indicated that the altcoin’s price rose 0.44%. This latest increase pushed MATIC’s weekly performance to +0.82% as well, and boosted its price to $0.5258.

Despite the increase in price, MATIC did see its 24-hour trading volume drop 9.10%. Consequently, the cryptocurrency’s total volume across all exchange platforms was estimated to be just over $235 million at press time.

Daily chart for LINK/USDT (Source: TradingView)

It was Chainlink (LINK) that stole the show during the past 24 hours, as it printed an impressive 4.47% gain during this period. This latest gain pushed the altcoin’s standout weekly performance deeper into the green zone. Subsequently, LINK’s price was up 15.69% over the past 7 days, and stood at $8.12.

LINK’s 24-hour gain led to it earning a spot on CoinMarketCap’s trending list as well. At press time, the cryptocurrency occupied the 5th spot on the list. This ranked it 1 position below Terra Classic (LUNC) and just above the popular meme coin Shiba Inu (SHIB).

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post LINK, MATIC, ETH Rise as Altcoin Market Gets Capital Injection appeared first on Coin Edition.

Sandeep Nailwal revealed in an X post today that Google Cloud has become a validator in the Polygon network.

At press time, MATIC’s price stood at $0.5225 following a 0.48% 24-hour gain.

From a technical perspective, MATIC was able to break above a medium-term negative trend line over the past few days.

The founder of Polygon (MATIC), Sandeep Nailwal, revealed in an X post today that Google Cloud has become a validator in the Polygon network. According to the post, the same infrastructure used to power YouTube and GMAIL is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.

Google cloud becomes a @0xPolygon validator!! https://t.co/17ao1cWxpU

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) September 29, 2023

This recent development was able to have a slight positive impact on MATIC’s price over the past 24 hours. CoinMarketCap data indicated that the altcoin was trading hands at $0.5255 after it increased 0.48% during the past day of trading.

Daily chart for MATIC/USDT (Source: TradingView)

Over the past 72 hours, MATIC’s price was able to break above a negative trend line that had formed on the altcoin’s daily chart over the past few weeks. Furthermore, the cryptocurrency’s price continued to trade above this medium-term trend line at press time as well. 

Should this newfound bullish momentum continue, MATIC’s price may soon attempt to flip the next resistance level at $0.5500 into support. Thereafter, the Layer-2 cryptocurrency could continue to rise to the subsequent threshold at $0.6500 throughout the course of the following week.

Conversely, if bears begin to exert some sell pressure on MATIC, then its price may look to retest the immediate support level at $0.4970 in the next 48-72 hours. If this potential sell volume persists, then the cryptocurrency’s price may drop to as low as $0.4475 during the upcoming 2 weeks.

Investors and traders will want to note that the 9-day EMA line was attempting to cross above the 20-day EMA line. This suggests that short-term momentum has shifted slightly in favor of bulls, which may lead to MATIC’s price rising in the next 7 days. 

A possible early indication of this potential increase in the altcoin’s price will be when MATIC closes a daily candle above the 20-day EMA line, which was situated at around $0.5259 at press time. Thereafter, a confirmation of MATIC’s trend undergoing a bullish reversal could be when the 9-day EMA line crosses above the 20-day EMA line.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Polygon Sees Google Cloud Enter Its Pool of Network Validators appeared first on Coin Edition.

Dan Gambardello revealed in an X post today that another market crash may occur soon.

According to the analyst, the potential market crash will then be followed by BTC printing higher highs.

BTC’s price was able to overcome a medium-term negative trend line and was challenging resistance at press time.

The cryptocurrency trader and analyst Dan Gambardello shared in an X post earlier today that the cryptocurrency market crashing one more time “would make sense as far as cycles go.” Following this potential crash, the analyst anticipates that Bitcoin (BTC) may print higher highs to lead the market into the next bull run.

I'm cool with one more crypto crash.It would make sense as far as the cycles go.Then the higher highs into the next bull run will begin. pic.twitter.com/mjIPzBfRw3

— Dan Gambardello (@cryptorecruitr) September 29, 2023

Meanwhile, CoinMarketCap indicated that the global cryptocurrency market cap rose 0.18% over the past 24 hours. Subsequently, the market’s combined valuation stood at around $1.08 trillion at press time. BTC, however, recorded a slight 24-hour loss of 0.09% and was trading at $26,938.44 as a result. 

Daily chart for BTC/USDT (Source: TradingView)

From a technical perspective, BTC’s price was able to break out of a medium-term bearish trend during the past few days. Shortly after escaping the bearish trend, the market leader’s price encountered the key resistance level at $26,915. If BTC is able to close a daily candle above this threshold within the next 48 hours, then it may enter into a bullish move towards the $27,915 mark.

Conversely, failure to close a daily candle above the $26,915 resistance level could lead to a sharp pull back in BTC’s price. In this bearish scenario, the cryptocurrency may see its value drop to as low as $26K in the following week. Continued sell pressure may also force BTC’s price down to $25,110.

However, a noteworthy bullish technical flag was triggered on BTC’s daily chart recently which suggested that a bullish scenario may be more likely to play out in the next 24-48 hours. Throughout the past 2 days, the 9-day EMA line crossed above the 20-day EMA line. 

This particular technical flag suggests that short-term momentum may have shifted in favor of buyers – giving them a slight upper hand against bears. Subsequently, the leading cryptocurrency’s price may soon flip the $26,915 resistance level into support soon, if this technical flag is validated and bulls continue to support BTC’s price in the short term.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post BTC and the Rest of the Market May Crash Again, Predicts Analyst appeared first on Coin Edition.

Uppercent will feature in the upcoming Wave Of Innovation Gold Coast event in March 2024.

According to Jake, Uppercent’s new model differentiates itself from other e-learning platforms.

Jake believes Uppercent’s new project would add significant utility to XRP.

Uppercent, the innovative online educational platform, will feature in the upcoming Wave Of Innovation Gold Coast event in March 2024. According to Jake, founder of Uppercent, he is excited about upcoming developments in the Flare Network, a blockchain for data. He believes this would add significant utility to XRP.

Part of the Builder's Series of featured business models that are connected to the greater #XRP ecosystem. Jake at @uppercent_, leads a project on @FlareNetworks, XRPL integrated.Can't wait to discuss these models at the @wave_of_innov Gold Coast Event 🌊Australia in March🌴 pic.twitter.com/puL6CdUrR1

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) September 30, 2023

In a recent post on X (formerly Twitter), Crypto Eri, a character famous for analyzing blockchain impact, noted that the upcoming event will feature Uppercent as part of its Builder Series connected to the greater XRP ecosystem. Eri also hinted at the XRP integration by Uppercent.

According to Jake, Uppercent is introducing a new twist in how users can access online courses. The educational platform’s new model differentiates itself from other e-learning platforms by introducing a transferable access feature. Uppercent’s limited and exclusive access passes come in the form of NFTs. With the NFTs, users can access courses on Uppercent and sell the access pass to someone else when done.

The Uppercent founder noted that introducing a resellable access pass for the platform’s online courses creates a secondary market for online education. He compared the new model to reading a book, saying anyone can give out books to other users, to a charity, or even sell them when they are through reading them.

Jake explained that Uppercent is building its blockchain elements on the Flare Network. He believes the innovations coming to the Flare Network would add utility to XRP and contribute to the educational opportunities in Web3.

In July, Eri posted that the Australian XRP community was preparing for an extraordinary event tagged Gold Coast 2024. Eri noted that the conference will feature cutting-edge discussions, insightful presentations, and interactive workshops focused on the latest advancements in the XRPL and XRP ecosystem. 

The post Uppercent to Feature in XRP Gold Coast Conference in March 2024 appeared first on Coin Edition.

The Three Arrows Capital co-founder Su Zhu was arrested at Singapore Changi Airport while attempting to leave the country.

The Singapore Court released committal orders to 3AC co-founders Zhu and Davies for not complying with the liquidation investigation.

Liquidator Teneo alleges the co-founders of not cooperating with the liquidators’ endeavor for asset recovery.

Su Zhu, the co-founder of the bankrupt crypto hedge fund Three Arrows Capital, was reportedly arrested at Singapore Changi Airport while attempting to leave the country following the Singapore Court’s committal order. As per the company’s liquidator, Teneo, the court issued committal orders for both Zhu and 3AC’s other co-founder, Kyle Davies, revealing the court’s decision to sentence both to four months of imprisonment for not complying with the investigation on liquidation.

In July 2022, following the severe crypto winter, 3AC collapsed, falling into liquidation. Consequently, while liquidators were trying to recover more than $1 billion from the company, 3AC filed for Chapter 15 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York, seeking legal support to manage creditors.

A subsequent report revealed that the liquidators alleged 3AC co-founders of not cooperating with asset recovery and failing to reimburse customer funds. Adam Goldberg, an attorney representing liquidators, asserted that Zhu and Davies are more indulged in sustaining the company’s reputation than promoting asset recovery.

Per the liquidator’s allegations, the company co-founders were involved in a long tussle with Teneo, the public relations company. The firm added that their active participation in social media networks was contradicting their lack of cooperation with the liquidators, citing,

Kyle Livingstone Davies and Su Zhu (together, the ‘Founders’) — both of whom have maintained a particularly active social media presence in the wake of the failure of their company — have failed to offer forthright cooperation. All the while, Mr. Davies has continued to post on his Twitter account, openly ignoring the Court’s directives and enjoying media attention while he continues to thwart efforts by [liquidators] to gain access to documents and information.

Pointing out the liquidators’ urgency in recovering funds, Teneo stated that they had requested the court to issue the committal order compelling 3AC’s co-founders to adhere to the liquidators’ requirements. As per their plan, the liquidators would engage with Zhu and Davies during their confinement, seeking their cooperation for further recovery procedures. Teneo added, “Throughout the process, the liquidators’ priority has been recovering the assets of 3AC and maximising returns for its creditors”.

The post 3AC Co-Founder Su Zhu Arrested at Singapore Airport: Report appeared first on Coin Edition.

Frankie Candles, a popular cryptocurrency trader opens up about the recent controversies.

Hit Network CEO Timothy “TJ” Shedd agreed to sign over full ownership of the Frankie Candles brand.

Candles plans to continue creating crypto education and trading content independently.

Popular cryptocurrency trader Frankie Candles announced his departure from crypto media group Hit Network amid recent controversies. In a lengthy statement, Candles explained why he kept silent amidst the ongoing drama.

Hey CT, obviously I have not spoken publicly on the drama and I think it’s time I talk about exactly why. Let me give you a little background so you can better understand where I’m coming from.I was a huge fan of the channel and a loyal bitsquad member because that channel…

— Frankie Candles (@Frankie_Candles) September 29, 2023

Candles said he initially joined as an employee in 2021 after cold-emailing Armstrong’s Bitboy Crypto channel. He called landing the role at the popular YouTube channel “a dream” that enabled him to travel, meet followers, and start his own channel under the Hit Network umbrella.

However, Candles is now splitting off his independent brand after tensions emerged between Armstrong and Hit Network CEO Timothy “TJ” Shedd. While not elaborating on the specifics, he said he is maintaining positive relationships with both figures who “changed his life.”

Candles stressed that his priority is protecting the community he built independently through hard work and sacrifice. After negotiations, Shedd agreed to sign over full ownership of the Frankie Candles brand, allowing him to operate independently.

The trader explained that the situation forced career decisions sooner than expected. But gaining full control will let him continue his mission of creating crypto education and trading content on his own terms.

Candles noted that the transition cannot happen instantly but is in motion. He expressed gratitude to Shedd for enabling him to maintain the valuable assets and community he cultivated at Hit Network.

Looking forward, Candles said he will focus on serving his audience rather than drama. He plans to resume his regular content schedule as an independent brand.

Candles concluded by calling for the best outcome for Shedd and Armstrong, whom he cares deeply about. He asked the public to avoid judgments without full information.

The statement encapsulates the difficult personal impacts of recent events on figures like Candles tied to the major players involved. His remarks emphasized prioritizing his community in making the tough but necessary change.

The post Frankie Candles Breaks the Silence Amidst BitBoy and TJ Drama appeared first on Coin Edition.

Animoca Brands Japan partners with Drecom Corporation to expand Japan’s Web3 gaming globally.

The alliance will leverage iconic intellectual properties (IPs) in international markets.

Joint efforts include the development of the blockchain game “Eternal Crypt – Wizardry BC.”

Animoca Brands Japan, a subsidiary of the blockchain game software company Animoca Brands, has revealed ambitious plans to bolster the global expansion of Japan’s Web3 gaming sector.

According to a recent statement, Animoca Brands Japan is joining forces with Drecom Corporation, a tech firm renowned for creating popular game apps like “ONE PIECE Treasure Cruise.” 

Animoca Brands took to the X platform, formerly Twitter, to share the development with the crypto gaming community.

Our subsidiary Animoca Brands Japan (@Animocabrandskk) is partnering with Drecom Corporations (@drecomofficial), a company distinguished for its development of popular game apps including titles such as ONE PIECE Treasure Cruise (@ONE_PIECE_TC), to support the global expansion of…

— Animoca Brands (@animocabrands) September 29, 2023

The statement noted that the collaboration between Animoca Brands Japan and Drecom will focus on propelling titles with famous intellectual properties (IPs) into international markets.

Additionally, the two entities plan to collaborate on endeavors that will facilitate a relationship between Drecom’s licensing of the Wizardry IP and the global ecosystem under Animoca Brands’ construction. The report highlighted that the joint efforts will prioritize the blockchain game dubbed “Eternal Crypt – Wizardry BC.”

Per the update, Eternal Crypt – Wizardry BC is currently under development using the Wizardry intellectual property license of Drecom. Reportedly, it will feature a gaming system that fuses the accessibility of simple clicker gameplay with the depth characteristic of role-playing games (RPGs).

Minh Do, the co-chief operating officer of Animoca Brands, expressed his enthusiasm for the partnership. He remarked:

We believe that this initiative will have a positive impact not only on Animoca Brands but also on the entire Web3 industry. Drecom is a formidable partner with a strong track record of releasing numerous content collaborations with well-known Japanese IPs.

Similarly, NFT enthusiasts on the X platform reacted positively to the alliance between Animoca Brands Japan and Drecom Corporation. They consider it a welcoming development. 

The post Animoca Brands Japan, Drecom Partner on Wizardry-Themed Blockchain Game appeared first on Coin Edition.

Valkyrie recently received approval to offer Ethereum futures in its existing ETF.

The approval pushed ETH’s price to a three-week high of $1,686.

On-chain analytics showed that Ethereum was trending after the launch of Ethereum futures ETF.

United States-based financial services firm Valkyrie Funds LLC recently received the approval to offer Ethereum futures in its existing exchange-traded fund (ETF). Valkyrie’s latest move pushed ETH’s price to a three-week high of $1,686, adding more than $8 billion to the cryptocurrency’s market capitalization. The altcoin’s popularity soared as on-chain analytics from Santiment showed Ethereum trending online. 

Valkyrie began adding Ether futures to its existing Bitcoin futures ETF after the U.S. Securities and Exchange Commission (SEC) gave the green light for the same. The ETF will now be called the Valkyrie Bitcoin and Ether Strategy ETF. The financial services firm’s Chief Investment Officer Steven McClurg stated that the updated ETF would go live on October 2, 2023. 

Valkyrie has become the first firm to offer Ethereum futures in an ETF. This also marks the first time that futures based on Ether contracts would be made available to investors through an ETF. McClurg told Reuters that the SEC had approved applications submitted by rival asset managers VanEck and ProShares to offer Ethereum Futures ETF. 

The VanEck Ethereum Strategy ETF (EFUT) will invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges, and has the SEC’s permission to launch on October 2 with Valkyrie’s hybrid BTC Ether ETF. “EFUT will be listed on CBOE and will be actively managed by Greg Krenzer, Head of Active Trading for VanEck,” VanEck stated in a press release.

Data from CoinMarketCap showed that ETH’s daily trading volume jumped 17% following the latest developments. Ether has gained more than 39% since the beginning of the year. At the time of writing, the leading altcoin was trading at $1,670, with a 24-hour trading volume of $6.8 billion. As per the on-chain analytics platform Coinglass, the total open interest on ETH futures went up by 1.5% over the past 24 hours. 

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A researcher alleges Filecoin ICO fraud involving Ethereum Foundation and CCP entities.

The investigation reveals suspicious patterns in Filecoin’s ICO transactions.

Potential implications for wallet owners and venture capitalists under scrutiny.

A prominent crypto investigator, TruthLabs, has unveiled allegations suggesting that Filecoin (FIL), a crypto project that gained significant attention in the blockchain community, might have been part of a fraudulent scheme. 

In particular, the research team argued that Filecoin could be a scheme orchestrated by multiple entities, including the Ethereum Foundation, Wanxiang, Prometheum, and other entities linked to the Chinese Communist Party (CCP).

🚨🇨🇳 Was #Filecoin a FRAUD Orchestrated by the Ethereum Foundation, Wanxiang, Prometheum, and other CCP entities? READ TO THE END!! 🇨🇳🚨When you sleuth, you need to remain open to all possibilities. Within a transaction, data can be derived from just about the entirety of it.… pic.twitter.com/MzX82n4InC

— TruthLabs 🫡 (@BoringSleuth) September 27, 2023

In the tweet, TruthLabs urged the crypto community to keep an open mind when investigating crypto transactions. According to TruthLabs, the complexity of crypto transactions often hides crucial information, and exploring every possibility is essential.

In their quest for answers, the researcher scrutinized the Filecoin Initial Coin Offering (ICO) and uncovered unusual patterns within wallet activities. The investigation commenced with the mapping of wallets. Specifically, the team began with the address that had sent the most Ethereum (ETH) tokens to Filecoin and progressively moved deeper into the network. 

What raised eyebrows during this process were the numerous wallets sending ETH with highly unusual decimal numbers. TruthLabs claimed to find 1,255 inbound transitions. They disclosed that a significant number of the transactions concluded with ETH amounts ending in peculiar patterns, such as “xxx.xxx937 ETH” or “xxx.xxx967 ETH,” while a unique set ended in “xxx.xxx696 ETH.”

Furthermore, TruthLabs provided a graphical representation of these patterns, suggesting a deliberate effort to create the illusion of numerous individual participants in the Filecoin token sale.

Source: X user TruthLabs 

Moreover, the team alleged that the tactic might have been used to divert attention away from the fact that a select group, including venture capitalists, could have been preparing to offload their holdings onto unsuspecting investors.

Besides, TruthLabs hinted at the possibility of identifying wallet owners by cross-referencing their activities with its database of networks and wallets. The team provided another graphical representation highlighting the involvement of Wanxiang from the Ethereum Foundation, Cumberland, Prometheum, and the Chinese Communist Party (CCP).

The post Is Filecoin a Fraud Orchestrated by ETH Foundation and CCP entities? appeared first on Coin Edition.

Ripple has pulled out of the Fortress Trust acquisition bid.

The crypto community speculates about Fortress Trust’s financial health.

Some suggest that Fortress Trust may be filing for bankruptcy.

The crypto community is speculating about the fate of the Web3 financial service firm Fortress Trust as Ripple proclaimed its decision to no longer pursue an outright acquisition of the business. 

In a recent tweet, Ripple CEO Brad Garlinghouse revealed that Ripple had changed its plans regarding acquiring Fortress Trust. Garlinghouse stated while Ripple had signed a letter of intent to acquire Fortress Trust on September 9, it has since decided to cancel the acquisition bid.

A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move forward with an outright acquisition, though Ripple will remain an investor in @Fortress_io.

— Brad Garlinghouse (@bgarlinghouse) September 28, 2023

Meanwhile, Garlinghouse noted that Ripple would nonetheless remain an investor in Fortress Trust. Despite the altered course of action, Garlinghouse admired the Fortress Trust team, highlighting their remarkable talent and ability to create products that address real customer needs.

Garlinghouse added, “While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future!”

However, Ripple’s decision to no longer buy out Fortress Trust has raised concerns within the crypto community. Some people reacting to the development expressed a view that they had anticipated the outcome.

“So what happens to Fortress Trust now that Ripple is no longer bailing them out?” Pledditor, a notable crypto influencer, tweeted.

Called itSo what happens to Fortress Trust now that @Ripple is no longer bailing them out? Do they still have a balance sheet hole in customer funds? Will they go into Nevada receivership and file bankruptcy? @coryklippsten @CitizenBitcoin https://t.co/tZnpqVWL60

— Pledditor (@Pledditor) September 28, 2023

Moreover, questions have emerged regarding the status of Fortress Trust’s balance sheet and the potential impact on customer funds. Also, Pledditor speculated about Fortress Trust facing financial challenges that would potentially result in the filing of bankruptcy protection.

It is worth mentioning that Ripple’s earlier acquisition bid occurred in the wake of a recent security breach that affected four users of Fortress Trust. Reportedly, Ripple intervened by providing financial support to assist those affected by the breach.

The post Will Fortress File for Bankruptcy Now that Ripple Cancels Buyout Bid? appeared first on Coin Edition.

Crypto Rover noted in his latest analysis that BTC was in the process of breaking out a multi-day negative trend.

The analyst revealed that BTC breaking above $27.2K may be a confirmation of a bullish trend reversal.

At press time, BTC was trading at $27,077.08 after it gained 2.55% over the past 24 hours.

The cryptocurrency trader and analyst Crypto Rover revealed in his latest analysis that Bitcoin (BTC) is in the process of overcoming a significant negative trend line on its charts. According to the analyst, this is the first time the market leader has been able to break out of this bearish trend in the past 77 days.

Subsequently, Crypto Rover speculated that BTC’s trend may shift from bearish to bullish in the coming few weeks. He did, however, share that he is waiting for BTC to record a higher high at, or above, $27.2K before confidently entering into a long for the cryptocurrency. 

Thereafter, the analyst shared that BTC breaking above $31K could be an extremely bullish signal. This may then lead to BTC recording a new all-time high (ATH), according to Crypto Rover.

From a fundamental analysis perspective, the analyst believes that it is only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s BTC spot exchange-traded fund (ETF) application. This is after the agency delayed the prominent fund’s application yesterday.

Should the SEC approve Blackrock’s BTC spot ETF application, then Crypto Rover is confident that the SEC will also approve the applications submitted by other noteworthy institutional fund managers. This series of approvals could then ignite a strong BTC rally.

Meanwhile, at press time, CoinMarketCap indicated that BTC’s price had risen 2.55% over the past 24 hours. As a result, its price was elevated to $27,077.08. This latest increase in BTC’s value pulled the cryptocurrency’s weekly performance out of the red – boosting it to 1.42%. Furthermore, BTC occupied the top spot on CoinMarketCap’s trending list.

Along with the price increase, BTC’s 24-hour trading volume also rose throughout the past day of trading. At press time, BTC’s daily trading volume across all exchange platforms stood at more than $14.4 billion.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post BTC Could Print a New Ath Soon as It Breaks Its Negative Trend appeared first on Coin Edition.

The analyst Blunts revealed in a X post today that SOL is in an interesting situation.

SOL was attempting to escape a negative trend but was also bouncing off of a long-term positive trend line.

At press time, CoinMarketCap indicated that SOL was one of the best performers in the top 10 list.

The cryptocurrency analyst Bluntz shared in an X post earlier today that the price of Solana (SOL) was in an interesting situation from a technical standpoint. On one hand, the altcoin’s price is attempting to break out of a bearish structure. Meanwhile, SOL was also bouncing off of a key uptrend that had started all the way back in January of this year.

interesting PA on $SOL here.its trying to break bearish structure with a downtrend break, 4h IHS and bouncing from key january uptrend pic.twitter.com/0WcFGvnghf

— Bluntz (@Bluntz_Capital) September 29, 2023

Bluntz’s post follows SOL’s break above a steep negative trend line that had formed on the altcoin’s charts after it had printed lower highs throughout the past few weeks. As a result of this breakout, the altcoin’s price was able to flip the 9-day EMA line into support as well.

Daily chart for SOL/USDT (Source: TradingView)

At press time, SOL was attempting to challenge the 50-day EMA line at $20.22. It was able to break above this level earlier in today’s trading session, but had since pulled back to trade below the technical indicator. If SOL is able to close today’s trading session above the 50 EMA line, then the cryptocurrency’s bullish momentum may continue in the following few days.

Subsequently, SOL may flip the $22.20 resistance level into support. Thereafter, continued buy pressure could elevate the altcoin to a valuation of $25.55 per token. 

Conversely, a rejection from the 50-day EMA line in the upcoming 48 hours could put the altcoin at risk of retesting the $19.35 support level. If the sell volume persists at this point, then only the positive trend line highlighted in Bluntz’s post stands in the way of the altcoin dropping to as low as $17.15.

At press time, CoinMarketCap data indicated that SOL was able to print a 4.62% gain during the past 24 hours. This made SOL one of the best performers in the top 10 list, and elevated the altcoin’s price to $20.13. 

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post SOL Escapes a Negative Trend but Is Not Out of the Woods Yet appeared first on Coin Edition.

Clay thinks Proposal 11820 could hurt the growth of the Terra Classic community.

The ClayBro host believes the industry’s current situation is not ideal for uncalculated spending.

Proposal 11820 is crucial and could shape the future of the Terra Classic ecosystem.

According to Clay, the host of the ClayBro YouTube investment channel, passing the Terra Classic Infrastructure Proposal could hurt the growth of the Terra Classic community. Clay believes the crypto industry’s current situation is not ideal for uncalculated spending. He thinks the Terra Classic community needs to budget and work with people willing to sacrifice for the project.

Clay highlighted LUNC’s newly-found bullish momentum amid a new proposal from the project’s community, the Terra Classic Infrastructure Proposal. According to Clay, this proposal, with the numerical identity 11820, is a community pool spending proposal by Allnodes, remarkable for its contributions to the growth of the Terra Classic community. 

According to reports, the recent proposal is crucial and could shape the future of the Terra Classic ecosystem. The proposal revolves around the governance of validators’ commissions and the infrastructure support offered by Allnodes. If passed, the proposal would enable a v2.2.2 soft fork that could redefine the minimum commission validators receive. 

The proposal 11820 also serves to rectify an unintentional setting of a 0% commission rate following a mainnet upgrade. Voting for the proposal is ongoing, and will continue until October 3, 2023.

Clay thinks passing this proposal could create a domino effect, with other community contributors demanding compensation for their efforts. That includes YouTube content creators, people who make regular posts on X (formerly Twitter) about Terra Classic, and all other participants contributing to the community’s growth. 

The YouTube presenter explained that voting ‘YES’ means to support the funding of Allnodes with an optional monthly payment of 150 million LUNC, equivalent to about $10,000. Clay thinks passing this proposal could encourage other service providers to initiate similar proposals that would drain the community pool by the end of 2023.

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