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SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
2.9.2024
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...
Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody
2.9.2024
Metaplanet said it was adopting bitcoin as a reserve asset to hedge against the volatility of the yen in May and had accumulated a total of 360 BTC by mid-August
Bitcoin May Find Support at $54K—Will BTC Drop Further?
2.9.2024
After back-to-back days of volatility with prices moving lower, analysts are cautiously eyeing Bitcoin at the $54,000 level…
Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines
2.9.2024
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting...
Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed
2.9.2024
Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses...
Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone
2.9.2024
On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion...
First Mover Americas: Bitcoin Sits Around $58.5K at Start of Historically Bearish September
2.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 2 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
New Web3 wallet rolls out decentralized crypto inheritance
2.9.2024
DeTrust Wallet will enable the creation of complex inheritance plans, including the creation of designated spending funds
Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels
2.9.2024
On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical...
Bitcoin miners sell their shares worth $154 million
2.9.2024
Bitcoin miners reportedly sold tokens worth over $154 million. It is believed that portfolios shed almost 2,655 BTC.…
Key Week for Bitcoin and the Dollar Index
2.9.2024
This week's slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets
Bilateral Settlement Between China and Russia Worsens Due to New Sanctions
2.9.2024
The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian...
Crypto products hit with $305M outflow amid strong US economic data
2.9.2024
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September
A classic 'Rektember?' 5 Things to know in Bitcoin this week
2.9.2024
BTC price performance starts September off in the standard way — but not every Bitcoin market take is bearish on what comes next
Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI
2.9.2024
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation
Bitcoin Drops Toward $57.5K, Extends Weekly Loss to 10% at Start of Seasonally Bearish September
2.9.2024
Memecoin DOGE led losses among major tokens with a 5% slide in the past 24 hours ahead of the Labor Day holiday in the U.S
OKX Brings Update to Ease Bitcoin Arbitrage
2.9.2024
The new offering allows traders of varied experience levels to maximized returns through market-neutral bets
India’s HDFC Bank Launches New UPI and CBDC Features
2.9.2024
HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed...
Central banks buying gold at record levels, but Bitcoin still outperforms
2.9.2024
Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
2.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after...