On October 4th, Bitcoin (BTC) remained relatively stable at the $27,500 mark, with investors closely monitoring the soaring yields in the United States.
Despite the calmness in BTC price action, the U.S. dollar exhibited considerable volatility, seizing the attention of market participants.
After a week of turbulent trading, Bitcoin was once again searching for direction, prompting market analysts to identify critical price levels.
Skew, a prominent trader, pointed out that market participants were selling towards the $27,600 level, emphasizing the significance of reclaiming this price level.
He suggested that a substantial upward movement could follow once this level is regained.
Another trader known as Crypto Tony identified $27,000 as a crucial support level. Mark Cullen, in line with this sentiment, stressed the importance of Bitcoin holding the $27,000 area, particularly given the challenging conditions in traditional financial markets.
He observed that Bitcoin had exhibited a reaction at his designated zone and the breakout trendline. Cullen underscored the significance of BTC maintaining the $27,000 level, especially until other markets stabilized.
In contrast to Bitcoin’s relative stability, legacy markets on October 4th were notably less secure, primarily due to a surge in U.S. 30-year bond yields, reaching levels not seen in 16 years.
This development raised concerns among commentators about a potential market meltdown.
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Skew suggested that the unease surrounding the macroeconomic forces at play was a contributing factor to the lack of substantial BTC trading volume.
The market appeared to be cautiously testing the waters, with most participants being perpetual contract buyers.
Many investors were opting to hold cash amid market distress, reflecting the uncertainty surrounding risk parameters and exposure.
Before the Wall Street open, the U.S. dollar itself experienced significant fluctuations, with the U.S. Dollar Index (DXY) rapidly falling from levels not observed since the fourth quarter of the previous year.
Despite these shifts, BTC/USD continued to demonstrate resilience against abrupt movements in the DXY.
Sven Henrich, the founder of NorthmanTrader, noted that the long-term performance of the DXY chart was following expected trends.
He emphasized the importance of the U.S. dollar’s behavior, particularly in the context of the broader market, as it was likely to be a key driver for the remainder of the year.
Amidst the chaos and volatility, the DXY adhered to channel trendlines, signaling potential market dynamics that could unfold in the coming months.
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The United States Department of Justice (DOJ) has taken a firm stance in the ongoing legal battle against former FTX CEO Sam “SBF” Bankman-Fried.
On October 4th, the DOJ filed a motion in court, asserting that the absence of cryptocurrency regulations in the United States should not hinder the criminal charges brought against SBF.
This move by the DOJ was prompted by SBF’s request for clarity and reconsideration of charges related to alleged fund misappropriation within FTX.
SBF’s defense team had argued that their client was innocent because FTX operated without U.S. regulation, asserting that he had adhered to the applicable rules concerning FTX US.
In response, the DOJ declared this argument irrelevant, contending that the absence of specific legislation does not absolve SBF of alleged financial misconduct.
The DOJ emphasized that the existence of regulations may be necessary to establish legal obligations but does not alter the fact that the defendant’s victims entrusted him with their money.
The department also pointed out that the defendant’s claim regarding a lack of regulations pertaining to customer funds usage is untrue, as there are existing rules prohibiting such actions.
Furthermore, the DOJ maintained that existing laws already prohibit companies from misappropriating customer assets, and SBF has been charged accordingly.
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It was asserted that SBF had engaged in substantial misrepresentations to customers and had allegedly stolen their funds. T
he presence or absence of clear regulations, the DOJ argued, should not diminish the gravity of these actions.
SBF currently faces multiple charges, including wire fraud and misappropriation of customer funds, and he is currently incarcerated for violating his bail conditions and attempting to influence potential witnesses. Despite multiple appeals for pre-trial release, SBF remains in custody.
His legal team cited difficulties related to internet connectivity hindering his defense preparations and a lack of vegan meal options as reasons for their requests.
SBF’s trial began on October 3rd, with indications that it could extend for up to six weeks.
The DOJ’s recent motion underscores its determination to pursue the charges against SBF, irrespective of the regulatory landscape surrounding cryptocurrencies in the United States.
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Earnings on the BetFury continue to surprise many casino fans! The platform has received recognition from more than 1.6 billion people worldwide, and different utilities brought to users almost $4,000,000. So, let’s consider why investing in such unique tokens is worth it.
The Secret of Impressive Results
The answer is that BetFury is the quintessential cryptocurrency and online casino. Over the years, the platform has attracted the attention of not only professional players interested in quality entertainment but also investors. This is the case when the combination of two trending industries of our time came together into one platform.
Slots, Table games, Bingo, or Lotteries have random algorithms, which require the right approach and extraordinary luck. It’s important to improve money management, eliminate incorrect strategies, and use crypto for additional passive income. This will help stabilize all earnings and bring them to a new level. In this regard, the BFG token copes with this task perfectly because it has many useful utilities.
BFG Token Utilities
BFG has several excellent utilities that have attracted the interest of many experienced investors. Previously, Mining was available, but it has ended. Thus, the full BFG supply amounted to 5 billion tokens, and the currency became a limited resource. Together with a significant amount of circulation (over 3 billion tokens), this affected the token’s value. It was also influenced by over 45 monthly Burnings, which maintained the tokeconomy and the balance between holders and developers. The BetFury team has burned more than 1.6 billion tokens for over three years.
BetFury Staking up to 50% APY
In addition to the above utilities, bonus offers, and various events worth millions of dollars, BetFury Staking took the bulk of the fame. It is one of the most popular ways to make passive money in the crypto world. It works on the principle of holding users’ currency on the network, for which they receive excellent rewards. It is implemented on the platform with up to 50% APY and the possibility of daily withdrawals. With 100 BFG on your balance, you receive income in BFG tokens or five top currencies (USDT, ETH, BTC, BNB, and TRX).
BetFury also offers an online Staking calculator that helps you calculate your income.
The transparency of this system and the profit of passive income attracted the attention of many investors and users of the platform. Thanks to this, BetFury has more than 55,000 BFG holders and almost $4,000,000 in total earnings from this asset.
About BetFury
BetFury is an ecosystem of crypto products for entertainment and additional income. The iGaming platform provides over 50+ cryptocurrencies for playing. BetFury has over 8,000 Slots and In-house games with one of the highest RTPs on the market (up to 99.02% RTP). Over 80 Sports allow crypto bets with odds better than the market average. You can get crypto in Jackpots, Daily Tasks, Free Crypto Boxes, and win up to 1 BTC in Fury Wheel.
Along with huge events, BetFury offers profitable bonuses: Rakeback, FuryCharge, and Cashback up to 25%. The platform also has an elite VIP club for loyal users from Rank 10. All VIP Club members receive additional perks, early access to new games, and a personal VIP manager.
In conclusion, anyone can become an investor by playing their favorite casino games. Using BetFury Staking, you can earn crypto regardless of your gambling results. Play and invest wisely, and join the friendly community of BetFury users to find comrades in this difficult task!
On October 3rd, Bitcoin exhibited moderate gains, rebounding from a recent dip of $1,300 as it approached the daily closing mark.
BTC’s price action revolved around the $27,500 mark, having experienced a descent from its six-week peak near $28,600, eventually finding support at $27,335 before stabilizing.
Despite the potential for the initial October breakout to be a deceptive “fakeout,” market participants remained composed.
Renowned trader Jelle expressed optimism, noting that the absence of an instant surge to $30,000 following the breakout could be seen as a positive sign, as rapid vertical movements often lead to retracements.
Daan Crypto Trades shared a similar sentiment, emphasizing the importance of a gradual climb back to previous highs for Bitcoin bulls.
He pointed out that it was essential for long traders to remain patient and wait for opportune entry points, especially during the Asian trading session.
Examining the factors contributing to the BTC price reversal, popular trader Skew highlighted the selling pressure faced by spot traders, which hindered BTC from surging beyond the $28.5K mark and ultimately triggered the sell-off.
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While some bid depth appeared to be returning, overall liquidity in the market remained relatively wide.
Previously, Skew had emphasized the increasing demands from buyers required to surpass the existing trading range, which eventually resulted in a lack of upward momentum.
Additionally, on-chain monitoring resource Material Indicators issued caution regarding downside signals on its proprietary trading tools, particularly on daily timeframes.
While these signals suggested a potential continuation of the downtrend, a decisive move above $26,800 might warrant a reconsideration.
The report also reminded readers that the cryptocurrency market had been trading within the same range for several months, emphasizing that until Bitcoin records a lower low on the weekly chart, the possibility of retesting resistance should not be ruled out.
Prior to this, renowned trader and analyst Rekt Capital had offered an optimistic perspective, suggesting that Bitcoin could potentially surge beyond $29,000 before resuming its current trading range.
Overall, Bitcoin’s price movements continued to captivate the attention of traders and analysts alike as they assessed its short-term and long-term potential.
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The Lazarus Group, a North Korean hacking collective, has employed a new and highly sophisticated malware variant known as LightlessCan in its fraudulent employment schemes, which poses a significant challenge to detection compared to its predecessor.
ESET’s senior malware researcher, Peter Kálnai, revealed these findings in a post on September 29, following an analysis of a fake job attack targeting a Spanish aerospace firm.
Lazarus Group’s typical modus operandi involves luring victims with enticing employment offers at reputable companies and tricking them into downloading malicious payloads disguised as documents.
However, LightlessCan represents a notable advancement over its precursor, BlindingCan. Kálnai explained that LightlessCan can mimic various native Windows commands, enabling discreet execution within the Remote Access Trojan (RAT) itself, minimizing noisy console executions.
This enhanced stealthiness makes it challenging for real-time monitoring solutions like EDRs and postmortem digital forensic tools to detect.
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Furthermore, the new malware incorporates “execution guardrails” to ensure that only the intended victim’s machine can decrypt the payload, preventing unintended decryption by security researchers.
One known case involving this new malware targeted a Spanish aerospace firm when an employee received a message from a fake Meta recruiter named Steve Dawson in 2022. Subsequently, the hackers sent two coding challenges embedded with the malware.
Lazarus Group’s primary motive for the attack on the Spanish aerospace firm was cyberespionage.
Notably, North Korean hackers have been responsible for stealing an estimated $3.5 billion from cryptocurrency projects since 2016, as reported by blockchain forensics firm Chainalysis on September 14.
In September 2022, cybersecurity firm SentinelOne issued a warning about a fake job scam on LinkedIn, part of a campaign known as “Operation Dream Job,” offering potential victims positions at Crypto.com.
Simultaneously, the United Nations has been actively working to curb North Korea’s cybercrime tactics on an international scale, as it is believed that the stolen funds are being used to support North Korea’s nuclear missile program.
This ongoing effort underscores the global impact and consequences of cyberattacks orchestrated by groups like Lazarus.
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Visa, the global payment giant, is doubling down on its commitment to artificial intelligence (AI) in the realm of commerce and settlements.
They’ve unveiled a fresh initiative, committing a substantial $100 million to fund generative AI ventures.
The primary focus of this initiative is to support companies dedicated to advancing generative AI technologies and their applications in the fields of commerce and payments.
This investment endeavor will be spearheaded by Visa’s global corporate investment arm, Visa Ventures, which has been a driving force behind fostering innovation in the payments and commerce sectors since 2007.
Generative AI stands out as a remarkable AI technology capable of creating diverse content types such as text, imagery, audio, and synthetic data.
Prominent AI chatbots like OpenAI’s ChatGPT and Google’s Bard exemplify the immense potential of generative AI by comprehending and generating human-like written content.
Visa’s Chief Product and Strategy Officer, Jack Forestell, envisions a bright future for generative AI in the financial domain.
He believes that this technology will not only reshape our lifestyles and professional landscapes but also significantly transform commerce in unprecedented ways.
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Visa’s latest foray into generative AI builds upon their substantial efforts to integrate AI technology into their ecosystem. Back in 1993, Visa was among the pioneers in adopting AI for payment systems, particularly for risk and fraud management.
In 2022, their real-time payment fraud monitoring solution, Visa Advanced Authorization, played a pivotal role in thwarting an estimated $27 billion in fraudulent transactions.
In 2021, Visa introduced VisaNet +AI, a comprehensive suite of AI-based services dedicated to streamlining account balance management and resolving everyday settlement issues for financial institutions.
This suite includes innovative features such as Smarter Stand-In Processing, which enhances payment experiences during outages by replicating issuer approval decisions, and Smarter Posting, which expedites consumer payments while reducing the complications associated with posting delays.
In addition to their significant investments in AI, Visa has exhibited a strong interest in leveraging cryptocurrency technology for payments.
In April 2021, the company unveiled plans for a new crypto product aimed at popularizing the adoption of public blockchain networks and stablecoin payments within the mainstream financial landscape.
This demonstrates Visa’s commitment to staying at the forefront of technological innovation in the payments industry.
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Unique opportunities for passive income are emerging in the crypto world. BetFury has launched a Referral Program with a $1,500 bonus and up to 30% commission. It has become the most profitable two-way system in iGaming. This article will briefly consider all its advantages.
About BetFury Referral Program
The Referral Program is a system of receiving rewards for attracting new users to the platform. BetFury has made it two-sided, which allows both the referrer and the referral to benefit. Income depends on the general wager and the choice of iGaming or iSports. Follow the link and get the best referral bonus on the market!
What does the referrer get by inviting a friend?
- $1,500 Referral Bonus: This bonus is credited instantly but needs a certain referral’s wager for withdrawal. The referral can enjoy playing Slots, Live, Original games, or Sports and simultaneously unlock the referrer’s reward.
- Commission up to 30%: This is a permanent reward for the activity of the invited friend. The income is calculated by the formula: Wager x House Edge x Commission. The commission is 30% for Sports, 15% for Slots/Live, and 5% for Original games. For example, if the referral bets $1,000 on Sports, the referrer receives $3.
What does a referral friend get?
- $200 Referral Bonus: This bonus is also credited instantly. Analogically, the reward is being gradually unlocked while the referral is having fun and making the wager.
- Shared Commission up to 50%: The referrer determines this percentage. The referred friend can earn 10%, 25%, and 50% of the total referrer’s commission. For example, if a campaign has a 10% shared commission and the referral makes a $20,000 wager in Original games, he will get a $1 reward, and the referrer will get $9.
Therefore, the BetFury Referral Program offers $1,700 referral bonus rewards in total and the opportunity for both sides to receive high commission rewards. The more invited friends – the higher the income. The number of referrals is not limited. The minimum wager to unlock the Referral Bonus is $500.
Market Comparison of Referral Programs
BetFury has the most profitable Referral Program in iGaming. This fact is based on comparing competitors in the crypto gaming industry as of September 28th. The difference between the BetFury Program and the Referral System of another popular platform:
| Referral Program | Referral Bonus | Commission | Reward for the $1,000 Wager |
| BetFury | $1,500+$200 | up to 30% | $0.75 x 2 referral bonus |
| Popular Platform | $1,000 | up to 25% | $0,5 referral bonus |
Other iGaming platforms also use the formula: (Wager/2) x House Edge x Commission. It negatively affects the getting of top rewards quickly. It shows that each unlocking step gives half the crypto. Therefore, these facts prove the advantage of the BetFury Referral Program in the market.
How to Create a Referral Campaign?
- Go to the Referral Program page.
- Click “Create a new campaign” and create a unique referral code.
- Choose the preferred percentage of shared commission to make the offer more attractive.
- The system will create your link and code, which you can use to invite friends.
- Click “Share via socials” and see a basic referral offer message and the banner.
About BetFury
BetFury is an ecosystem of crypto products for entertainment and additional income. It has been developing on the market for over three years. BetFury has an internal token – BFG. It’s listed on many crypto exchanges: PancakeSwap, Biswap, etc. The token has over 55 000 holders, and more than 3 000 000 000 BFG are in circulation.
The most profitable utility for using BFG is BetFury Staking, with up to 50% APY. Anyone with at least 100 BFG on balance can withdraw daily Staking payouts in five popular cryptocurrencies: BTC, ETH, USDT, BNB, and TRX.
In addition, BetFury holds an Auction for the BFG token and provides 24/7 customer support. Over 80 Sports allow crypto bets with odds better than the market average. The platform offers many profitable bonuses, like up to 25% Cashback, and an opportunity to win free Bitcoin in Fury Wheel.
Invite friends and earn crypto together!
Former FTX CEO, Sam “SBF” Bankman-Fried, once explored the idea of paying Donald Trump not to run for the United States presidency, as revealed by Michael Lewis, the author of the book “Going Infinite: The Rise and Fall of a New Tycoon.”
In an interview on October 1st, Michael Lewis shed light on the enigmatic journey of the former crypto billionaire and FTX founder.
One of the most astonishing revelations from the book was SBF’s contemplation of offering a hefty sum to dissuade Donald Trump from pursuing another presidential campaign.
Lewis commented on this by saying, “That only shocks you if you don’t know Sam,” hinting at SBF’s unconventional thinking.
The proposed sum to deter Trump from running was a staggering $5 billion, although it remained uncertain whether this figure came directly from Donald Trump.
Additionally, SBF sought to determine the legality of such an arrangement.
However, this plan never came to fruition because Bankman-Fried no longer possessed the required $5 billion.
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Lewis pointed out that SBF viewed Trump as a potential threat to American democracy, considering him an “existential risk” to the nation.
Lewis spent over 70 days in the Bahamas during various trips in 2022 to closely observe SBF’s life and character, allowing him unique insights into the former CEO’s world.
Discussing the aftermath of FTX’s collapse in November 2022, Lewis vividly described it as reminiscent of Pompeii, with abandoned clothes and belongings, as employees rushed to the airport, leaving company cars with keys inside.
When contacted for comment, legal representatives for Bankman-Fried and Trump remained tight-lipped. Mark Botnick, handling communications for SBF’s case, indicated that there was no official statement from SBF’s legal team.
The high-profile trial of Sam Bankman-Fried is scheduled to commence on October 3rd with jury selection, followed by the trial proceedings beginning on October 4th.
The trial encompasses seven fraud cases against SBF, including two substantive charges where the prosecution must prove Bankman-Fried’s guilt and five other conspiracy charges.
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It’s unfortunate to hear about the significant losses in the cryptocurrency space during September and the third quarter of 2023. Here’s a breakdown of the key information from your provided text:
- September 2023: It was a particularly bad month for crypto-related exploits, with approximately $332 million lost due to various incidents, including the Mixin Network attack, CoinEx exchange attack, Stake.com attack, exit scams, flash loan attacks, and phishing attacks. The Mixin Network attack alone accounted for $200 million in losses.
- Lazarus Group Involvement: The Lazarus Group, a North Korean hacking collective, was implicated in the attacks on both CoinEx and Stake.com, and they were reported to hold approximately $45.6 million in stolen crypto assets.
- Yearly Total: The total losses in 2023 to exploits, scams, and hacks amounted to $1.34 billion, with September being the worst month.
- Q3 2023: According to Beosin, the losses from hacks, phishing scams, and exit scams in the third quarter of 2023 were nearly $890 million, surpassing the combined losses of the first two quarters, which were $330 million in Q1 and $333 million in Q2.
It’s crucial for anyone involved in the cryptocurrency space to exercise caution, use secure practices, and stay informed about security threats and best practices to protect their assets.
Cryptocurrency markets can be vulnerable to various forms of exploitation, and security remains a top concern.
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The third quarter of 2023 has proven to be the most financially detrimental period of the year for the cryptocurrency market, as disclosed in the quarterly report by blockchain security firm CertiK.
During this quarter, an alarming tally of $700 million in digital assets succumbed to various security breaches and incidents.
CertiK’s report documented a total of 184 security incidents transpiring in July, August, and September 2023.
These incidents resulted in crypto asset losses exceeding $699 million for the quarter, a substantial escalation compared to the $320 million loss incurred in the first quarter and the $313 million loss in the second quarter.
Private key compromises were identified as the most pernicious of these incidents, siphoning over $204 million across 14 separate cases.
A pivotal example was the Multichain incident, wherein private keys rested solely in the control of the project’s CEO, ultimately leading to a staggering $125 million loss.
This incident underscored the vulnerability posed by centralized control of private keys for businesses and resulted in the cessation of Multichain’s operations.
Beyond private key exploits, exit scams and oracle manipulation surfaced as prominent issues during the quarter.
The report highlighted a total of 93 exit scam incidents, which collectively seized more than $55 million in digital assets.
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Furthermore, 38 incidents of oracle manipulation resulted in crypto losses surpassing $16 million.
In September, the cryptocurrency world experienced its largest exploit of the year when the cross-chain protocol Mixin Network fell victim to an attack.
On September 25th, Mixin Network halted all withdrawals and deposits in the wake of the breach, which ultimately drained $200 million worth of assets from its mainnet.
CertiK’s quarterly report also cast a spotlight on the persistent threat posed by North Korea’s state-affiliated hacking group, Lazarus. The report identified Lazarus as a dominant threat actor, accountable for confirmed losses totaling at least $291 million in 2023.
The group continued its malicious activities throughout the third quarter, underscoring the ongoing challenges faced by the cryptocurrency ecosystem in combating cyber threats.
In summary, the third quarter of 2023 has been marked by unprecedented financial losses in the cryptocurrency market, driven by a range of security incidents.
The report by CertiK underscores the urgent need for enhanced security measures and vigilance within the blockchain and cryptocurrency industry to safeguard digital assets against evolving threats.
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