Solana price corrects as recent (SOL) rally factors come under question

[ad_1] Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity support Solana’s present $16.9 billion market capitalization.Solana's peak at $44.50 on Nov. 2 was the highest it had reached since August

SEC Inspector General says prohibition on crypto ownership hinders agency hiring

[ad_1] The Office of the Inspector General (OIG) of the United States Securities and Exchange Commission (SEC) has released its annual examination of the most serious management and performance challenges facing the agency. Crypto was on its list, as no surprise to anyone in the crypto community.The OIG’s “Statement on the SEC’s Management and Performance Challenges” noted the agency’s previous statements about the lack of disclosure and “widespread noncompliance with

ChatGPT launches new feature that lets subscribers make their own GPTs

[ad_1] Artificial intelligence (AI) system ChatGPT now allows users to create their own generative pre-trained transformers (GPTs), according to a November 6 blog post from developer Open AI. This means that users can now create custom ChatGPT apps that handle a variety of tasks, instead of needing to enter long strings of commands into the chat window to perform these tasks.GPTs are a new way for anyone to create a

UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

[ad_1] A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions, and the BOE released a “cross-authority roadmap” to link them together.His Majesty’s Treasury set the stage for the flurry

Scammers play a long game using bogus, AI-backed ‘law firm’

[ad_1] A new artificial intelligence-backed scam is as multi-faceted and lengthy as it is unconvincing  — at least for would-be victims who dig below the surface.I recently received a threatening “DMCA Copyright Infringement Notice” email from an alleged law firm claiming that a Cointelegraph article had used a copyrighted stock image owned by a vague cryptocurrency firm, the name of which I will refrain from sharing so as not to boosti its

Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

[ad_1] Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by Judge Lewis Kaplan on

Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?

[ad_1] The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2%. However, a positive sign for cryptocurrency investors is that a risk on sentiment is likely to benefit the crypto space. Crypto market

Binance’s spot trading market share falls to 40% in 2023: Report

[ad_1] Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy," researchers wrote, "Most popular coins

3 reasons why Ethereum price is underperforming altcoins

[ad_1] Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether's 17% return over the last 30 days falls short of Bitcoin's (BTC) impressive 27% gain during the same period.Regulatory hurdles and ecosystem centralization critiques linger Analysts attribute some of Ether’s underperformance to uncertainty surrounding Consensys, a key player in the Ethereum