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SEC Delays Decisions on More Bitcoin ETFs Including That of Blackrock
30.9.2023
U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the spot bitcoin exchange-traded funds (ETFs) proposed by several companies. The delays of the applications of financial powerhouse Blackrock, asset manager Valkyrie and others come ahead of an expected government shutdown...
US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC
30.9.2023
Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading...
Bitcoin Traders Eye Bullish Silver Lining in Looming US Government Shutdown, Says Analyst
30.9.2023
Numerous reports foretell an imminent U.S. government shutdown, given the anticipated failure of a spending bill to secure passage by Saturday evening — a measure meant to sustain operations till mid-November. On the cusp of this shutdown, bitcoin (BTC) has been on an ascent, catching...
Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations
29.9.2023
This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining
Former Three Arrows Capital Executive Su Zhu Arrested in Singapore
29.9.2023
Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...
Bitcoin’s Hashrate Holds Steady Above 400 EH/s Amid Sky-High Network Difficulty
29.9.2023
Amid the soaring network difficulty, Bitcoin’s hashrate remains resilient, firmly holding above the 400 exahash per second (EH/s) frontier. A total of 43 mining pools channel their hashpower at the Bitcoin blockchain, yet, it’s Foundry USA’s pool that ruled the roost this...
Biggest Movers: XRP Hits 1-Month High, SOL Back Above $20
29.9.2023
XRP was one of Friday’s notable crypto gainers, rallying to a one-month high earlier in today’s session. Bullish sentiment returned to end the week, with the global market cap trading nearly 1.5% higher as of writing. Solana also surged, moving back above the $20.00 mark. XRP...
Top gaming tokens of 2023: The Sandbox, Shiba Budz, & Decentraland
29.9.2023
In the world of blockchain gaming, three tokens have emerged as frontrunners in 2023: The Sandbox (SAND), Shiba Budz (BUDZ), and Decentraland (MANA). These gaming tokens have captured the attention of gamers and investors alike, offering unique experiences and opportunities within their respective...
Gold Hits Nine-Month Low as Bitcoin Climbs Amid Hawkish Fed Stance
29.9.2023
Gold prices are wrapping up the week by plummeting to a nine-month low, with the price per ounce descending to $1,858 on Thursday. Transitioning into Friday, gold is changing hands at $1,870 per ounce, marking a decline of 2.8% over the trailing five days. Concurrently, bitcoin (BTC) prices leaped...
FTX’s $3.4B crypto liquidation: What it means for crypto markets
29.9.2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability
Circle weighs in on the SEC vs. Binance lawsuit
29.9.2023
Circle, the issuer of the stablecoin USD Coins, has weighed in on the ongoing dispute between the US Securities and Exchange Commission and Binance. According to reports, the Commission has filed a lawsuit against Binance for offering unregistered securities to its consumers. This includes BNB...
Bitcoin, Ethereum Technical Analysis: BTC Above $27,000, ETH Reaches 1-Month High
29.9.2023
Bitcoin continued to trade above the $27,000 level on Friday, after a surge beyond this point towards the end of yesterday’s session. Ethereum rallied to a one-week high. Bitcoin Bitcoin remained above the $27,000 level on Friday, following a late rise in bullish sentiment towards the end...
Tether stability tested as crypto markets face ongoing volatility
29.9.2023
Tether, a leading stablecoin in the cryptocurrency market, faces a stability test amid industry volatility. Stablecoins like Tether remain stable by pegging to assets like the US dollar, making them popular among traders and investors seeking reliability during turbulent times. While...
Gensler speaks on tokenized Pokemon cards
29.9.2023
Gary Gensler, the Chair of the SEC, appeared in front of the House Financial Services Committee for the second time this month. The panel questioned him about how the SEC classifies crypto assets and what its broad agenda is for the industry. The session lasted 5 hours, with the House nearly...
5 Current Trends in Cryptocurrency-driven Space
29.9.2023
The digital currency industry is vibrant, and creativity there knows no bounds. Trends develop and emerge in this fast-paced world at an astounding rate, influencing the direction of finance and technology. As these advances can reshape sectors and transform economies, it is imperative to...
IYK secures $16.8 million in a seed round led by a16z
29.9.2023
IYK, an acronym for If You Know and a shorter version of IYKYK (If You Know You Know), has said that it has secured $16.8 million in a seed round. The round was led by a16z, its alma mater. Funds raised from the seed round will now be invested to launch the IYK platform and …
Astonishing growth from this altcoin suggests impending crypto bullrun
29.9.2023
Growth is detrimental to the success of altcoins. Altcoins need to adapt to changing environments with new technology to remain relevant and outperform competition from other altcoins and new start-ups. Investors have the challenge of finding these start-ups before everyone does to take advantage...
Non-Regulation of Web3 Space Making ‘Mainstream Adoption Harder’ Says AGG’s Jack Vinijtrongjit
29.9.2023
According to Jack Vinijtrongjit, the co-founder and CEO of the Web3 infrastructure company AAG, more prospective users will be drawn to decentralized finance (defi) and non-fungible tokens (NFTs) if tools that help them avoid falling prey to scammers are developed and deployed. Vinijtrongjit argued...
Coinbase gets regulatory consent by Bermuda Monetary Authority
29.9.2023
Coinbase International Exchange has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to eligible non-U.S.-based retail consumers. Coinbase, which is recognized as the most secure and dependable crypto-based company, is now prepared to operate with...
Venezuelan Crypto Watchdog Sunacrip Extends Restructuring Period; Community Asks for Clarity
29.9.2023
The Venezuelan government has officially announced the extension of the restructuring period for Sunacrip — the national cryptocurrency watchdog — by six months more due to the link of its former head with a corruption scheme. Asonacrip, a national crypto association, is asking Sunacrip to open...