Renewed tensions between Israel and Hamas have fueled concerns about a potential short-term decline in higher-risk crypto assets like Bitcoin. Several analysts noted that escalating geopolitical instability often spurs a flight to safety out of volatile assets. This was evident during the early days of Russia’s invasion of Ukraine in 2022. On Monday, Bitcoin shed 2% alongside drops in equities […]

Major cryptocurrency exchange operator OK Group continues transforming its business, rebranding its crypto ventures under the single name “OKX.” Hong Fang, chief operating officer at OK Group and president of OKX, took to X (formerly Twitter) to announce that Okcoin will be rebranding to OKX over the coming months. Founded in 2013, Okcoin will have the same name as OK […]

Cryptocurrency price analysis brought by Coinidol.com. Polygon (MATIC) price is declining and trading in a narrow range. Long-term forecast of the Polygon price: fluctuation range In the last 48 hours, MATIC rose above the moving average lines but encountered resistance at $0.58. The altcoin has retreated below the moving average lines. In other words, the price of MATIC/USD is trading […]

According to Bloomberg Report, Binance’s much-heralded $1 billion Industry Recovery Initiative (IRI) has significantly underperformed. Launched as a lifeline for a challenging market, the IRI has invested a mere $30 million of its massive commitment, raising eyebrows and skepticism.  The Genesis: The IRI’s Lofty Aspirations Conceived in the wake of a series of market catastrophes, including the Terra-LUNA debacle and […]

The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system.  The large language model (LLM) called AceGPT is built on Meta’s LlaMA2 and was launched by a Chinese-American professor at KAUST in collaboration with the School of Data Science, the Chinese University of Hong […]

One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the local Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.  The ministry has presented its amendments package to the Parliamentary Committee on Legal Affairs. It seeks […]

Crypto influencer and journalist Tiffany Fong has opened up about the controversial trial of former FTX CEO Sam Bankman Fried. In an interview with Thinking Crypto, she discussed the trial’s early stages, which included opening statements and testimonies from key witnesses. Fong highlighted the prosecution’s strong case, describing it as straightforward and clear-cut. The prosecution alleges that Bankman Fried misappropriated […]

Bitcoin’s (BTC) ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers. On Oct. 10, crypto analyst Miles Deutscher cited a chart from CryptoCon, noting that the recent patterns for Bitcoin are similar to those seen in previous cycles. “This is typical […]

On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law or substantial grounds for differences […]