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ROI Comparison of Bitcoin Finds a Pattern
The month-over-month ROI analysis for September ended on a positive note. When we examine the ROIs for October in both 2016 and 2017, we observe considerably higher returns compared to September. As a result, we might anticipate a similar performance pattern for October 2023.
Assuming that Bitcoin (BTC) maintains support above 31,000, it's plausible that the upcoming weeks and months will also exhibit positive performance.
Crypto Attacks Deplete $200 Million in Digital Assets
In 2022, a significant $2.57 billion was reported stolen, impacting a substantial 52,091 individual investors, as revealed in the FBI's Internet Crime Report.
These incidents are more prevalent than many might anticipate.
To safeguard your cryptocurrency investments and protect against potential pitfalls, it's essential to employ the right strategies.
The valuable insights shared in "How to Safeguard Yourself Against All Crypto Scams" can serve as your guiding beacon for confidently navigating the cryptocurrency markets. This recently released guide unveils effective methods to fortify your digital assets like an impenetrable fortress.
Sam Bankman-Fried is set to testify in his own defense during his criminal trial.
He will directly address the jurors in an effort to demonstrate that he did not engage in fraud or conspiracy to commit fraud at his once-prominent cryptocurrency exchange, as confirmed by his defense attorneys during a teleconference on Wednesday.
The prosecution anticipates completing its case shortly after the start of Thursday's court session. They have called only one witness so far, FBI agent Mark Troiano, as revealed by Assistant U.S. Attorney Nicholas Roos during the teleconference.
Now, Bankman-Fried will provide his perspective on the events to the 12 jurors and six alternates tasked with determining his guilt beyond a reasonable doubt.
It's important to note that while the U.S. Department of Justice must prove Bankman-Fried's culpability in accordance with statutory requirements beyond a reasonable doubt, the defense's responsibility is to establish that Bankman-Fried is not guilty by that same standard.
Coinbase Moves to Have SEC Lawsuit Over Crypto Trading Dismissed
Crypto exchange Coinbase is making efforts to have a lawsuit brought by the Securities and Exchange Commission (SEC) dismissed, which alleges that it operated unregistered securities exchanges by enabling the trade of digital tokens.
In response, Coinbase contends that these tokens should be considered straightforward commodities, akin to items such as paintings or baseball cards, which people trade with the hope of benefiting from changing market prices. It argues that no enduring contractual relationship or ownership stake in a business enterprise is associated with such trading.
The decision on whether to accept Coinbase's motion and dismiss the SEC's lawsuit now rests with a federal judge.
Crypto Market Prepares for Monumental Asset Transfer
The key to achieving substantial gains in the cryptocurrency market lies in identifying promising new projects poised for significant growth long before the broader investor community catches on. That's why I'm excited to share with you what could potentially be the most significant financial development of the century.
Three major players, including the world's largest bank, J.P. Morgan, the leading asset management firm, BlackRock, and one of the wealthiest nations globally, Singapore...
Are joining hands to usher in a massive transfer of $4.5 trillion worth of real-world assets onto the blockchain.
And there's one cryptocurrency that stands to benefit the most from this historic financial transition.
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