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Kamala Harris Gains Ripple Co-Founder Chris Larsen’s Endorsement
7.9.2024
Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s move, given the Biden administration’s stringent regulatory stance...
Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve
7.9.2024
Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant...
Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility
7.9.2024
In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of...
Bitcoin Hashrate Hits Record High as Prices Drop Below $55K
7.9.2024
As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday,...
Sonic SVM Announces Launch of Hyperfuse Nodes in Solana’s First Node Sale
7.9.2024
The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic’s Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens. Sonic...
NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts
7.9.2024
After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week....
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
7.9.2024
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy...
Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses
7.9.2024
A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode:...
September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit
7.9.2024
Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging...
El Salvador marks three years of Bitcoin adoption with $31M profit
7.9.2024
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit
Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline
7.9.2024
Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences...
Sub $50K Bitcoin correction remains in play as whales look to sell BTC
7.9.2024
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut. Will it fall below $50,000 this weekend?
As Bitcoin Holds Above $50K, Will a Double Bottom Lead the Next Big Move?
7.9.2024
Amid the recent release of US jobs market data, Bitcoin reacted with a quick fall of more than…
Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures
7.9.2024
The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is...
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Bitcoin bears base $40K prediction on 'self induced fear' — Samson Mow
7.9.2024
Jan3 CEO Samson Mow reiterated that fear-driven markets “never lasts long” because fundamentals usually “win out over time.”
Serial Entrepreneur: Digital Ecosystem Favors Data Distributors Over Creators
7.9.2024
According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA)in overseeing internet...
Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability
7.9.2024
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no...
Binance Kazakhstan Receives Formal Consent for Regulatory License
7.9.2024
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including...
Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues
7.9.2024
Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov expressed surprise, citing that Telegram has...