BITCOIN

Tesla and Spacex CEO Elon Musk is under federal investigation for his conduct in connection with the $44 billion acquisition of Twitter, according to a court filing by the social media giant. Twitter claims that “Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations.” Federal Authorities Are Investigating Elon Musk, Says Twitter Twitter revealed in a court filing released Thursday that Tesla CEO Elon Musk is under federal investigation in connection with his $44 billion bid to buy the social media platform. In a letter dated Oct. 6, addressed to Judge Kathaleen St. Jude McCormick who oversees the company’s case against Musk, Twitter’s lawyers noted that they have been asking for the documents related to the investigation from Musk since July 22. The lawyers wrote: Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter. Through counsel, he has exch...

Following the recent ethereum price predictions report, 55 crypto and fintech experts chosen by the product comparison web portal, finder.com, shared their forecasts associated with the crypto asset xrp, often referred to as ripple. Finder’s experts believe xrp could spike to $3.81 per unit by the end of 2025 if Ripple Labs wins the lawsuit against the U.S. Securities and Exchange Commission (SEC). Finder’s Specialists Assume Ripple’s Lawsuit With SEC Will Determine Future Price 55 specialists chosen by Finder have shared their predictions concerning xrp’s (XRP) future value, and the experts’ forecasts are entirely dependent on whether or not Ripple Labs wins the lawsuit against the U.S. SEC. For instance, if Ripple Labs does win the lawsuit, by 2025 XRP could jump to $3.81 per unit by the year’s end, according to the survey. However, Finder’s panelists say that XRP will be worth $0.98 by 2025 if Ripple Labs loses the lawsuit , and 48% think it could drop below $0.50 if the firm...

Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding the report has now passed. Bitcoin moved closer to $20,000 on the news. Bitcoin Bitcoin ( BTC ) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report. Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded. As a result of the report, BTC /USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11. This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory. The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51....

Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm in 2022. Uniswap Completes $165M Capital Raise, Decentralized Exchange Reveals NFT Launch Uniswap Labs, the creator of the decentralized exchange (dex) Uniswap protocol, recently said it had raised $165 million via a Series B funding round. The funding round was led by Polychain Capital with the participation of the firm’s long-time investors like Andreessen Horowitz (a16z), Paradigm, SV Angel, and Variant. In a recent blog post authored by Hayden Adams, the developer and founder at Uniswap Labs, said that the new funding will be used to support the firm’s expansion plans. In addition to “bringing the powerful simplicity and security,” Uniswap Labs plans to launch non-fungible tokens (NFTs) and t...