Cryptocurrency - news

Bitwise amends spot Bitcoin ETF application with new, detailed argumentation
Bitwise amends spot Bitcoin ETF application with new, detailed argumentation
26.09.2023 21:47
The amendments tackle arguments made by the SEC against the use of the CME BTC futures market for surveillance sharing.
cointelegraph.com
#bitcoin regulation #etf #sec
Rodarmor Returns: Announces "Runes Protocol" To Compete With BRC-20
Rodarmor Returns: Announces "Runes Protocol" To Compete With BRC-20
26.09.2023 21:42
The creator of Ordinals proposes a new fungible token protocol to replace BRC-20, designing it to be much more efficient with blockspace and more secure.
bitcoinmagazine.com
#bitcoin #brc-20 #inscriptions #opinion #ordinals #runes #technical
CBDCs could support a more stable economy — if banks pull the strings
CBDCs could support a more stable economy — if banks pull the strings
26.09.2023 21:40
Central bank digital currencies (CBDCs) could confer economic benefits if governments don't use them to cannibalize the commercial banking industry.
cointelegraph.com
#cbdcs #central bank digital currencies
Can Bitcoin Overtake Other Means of Payments in 2024?
Can Bitcoin Overtake Other Means of Payments in 2024?
26.09.2023 21:21
As the world of cryptocurrency continues to expand, Bitcoin remains the most well-known and extensively used digital currency. It has established itself as a valuable store of value and a potential inflation hedge. However, many fans and investors are wondering whether Bitcoin can transition from being solely a store of wealth to a mainstream form of payment in 2024 and beyond. The Evolution of Bitcoin: From Digital Gold to Digital CashSatoshi Nakamoto, the enigmatic developer of Bitcoin, envisioned it as a peer-to-peer electronic payment system. It has undergone considerable changes over the years, with many now perceiving it as digital gold or a long-term store of value rather than a medium of exchange for everyday transactions.The limits of Bitcoin's blockchain technology contributed to the shift from a digital currency system to a digital gold narrative. Because of scalability concerns and transaction fees, the Bitcoin network was less viable for modest, everyday transactions when [...]
financemagnates.com
#bitcoin #cryptocurrency #stablecoins #visa
Coinbase’s European Retreat? FTX Acquisition Plans Halted amid Regulatory Scrutiny
Coinbase’s European Retreat? FTX Acquisition Plans Halted amid Regulatory Scrutiny
26.09.2023 21:10
Coinbase has suspended its plans to acquire FTX Europe, a move that was aimed at enabling it to enter into the European derivatives market. This turn of events happened as a response to the regulatory challenges in the US crypto market. Coinbase targeted FTX Europe due to its profitable derivatives operations under the Cyprus regulatory license. As the exclusive provider of perpetual futures in Europe, FTX Europe has a substantial share of the region's trading volumes. Its derivatives transactions constitute nearly 75% of the worldwide crypto trading volume, which witnessed a robust growth of 13%, reaching $2 trillion in June.Coinbase Faces Regulatory ChallengesFTX Europe's profitability attracted a number of potential suitors following its parent company's declaration of bankruptcy in 2022. Among those interested in the deal are industry players like Crypto.com and Trek Labs.Derivatives are financial instruments linked to the value of underlying assets such as Bitcoin and Ether. They [...]
financemagnates.com
#coinbase #crypto regulations #cryptocurrency #ftx europe
Former White House official will lead Ripple's policy and government arm
Former White House official will lead Ripple's policy and government arm
26.09.2023 21:03
Ripple's newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government.
cointelegraph.com
#government #policies #regulation #ripple #united states
Bitcoin Spot Trading Volume Hit Six-Year Low – Is Investor Confidence Rising?
Bitcoin Spot Trading Volume Hit Six-Year Low – Is Investor Confidence Rising?
26.09.2023 21:00
Consistent with the volatile crypto market, the past few months have been filled with uncertainty for Bitcoin (BTC). However, the bears appear to be in control, with the premier cryptocurrency trending toward the $26,000 mark in the past few days. Despite the struggling Bitcoin price action, investors seem uninterested in taking short-term interests or cutting their losses, with BTC spot trading volumes hitting lows rarely seen in years. “Macroeconomic Scenario” Responsible For Bitcoin Volume Decline According to recent research from on-chain analytics provider CryptoQuant, Bitcoin spot trading volume has declined to a six-year low. This latest data, which tracks trading activity on various exchanges, shows the decline BTC volume has experienced in recent weeks. CryptoQuant data revealed that the transaction volume of Bitcoin across exchanges roamed between 8,000 and 15,000 daily transactions in the past week. This reflects an abrupt decline from the 600,000 daily transactions [...]
newsbtc.com
#bitcoin #bitcoin news #bitcoin price #bitcoin spot trading volume #btcusdt
Circle launches native euro stablecoin on Stellar
Circle launches native euro stablecoin on Stellar
26.09.2023 20:48
The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.
cointelegraph.com
#circle #eurc #euro #euroc #stablecoins #stellar
Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing 
Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing 
26.09.2023 20:30
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders […]
bitcoin.com
#crypto #cryptocurrency #ethereum (eth) #news #ofac #us treasury
XRP Ledger Developer Xumm Reveals “Infrastructure Overhaul,” More Than An Upgrade?
XRP Ledger Developer Xumm Reveals “Infrastructure Overhaul,” More Than An Upgrade?
26.09.2023 20:00
The company behind the XRP Ledger crypto wallet, Xumm, unveiled its plans to launch an “Infrastructure Overhaul” for the network. The company claims the upgrade will push the XRPL to the next level. According to an official announcement shared with Bitcoinist: This isn’t just a technical upgrade; it’s a strategic move to reshape the very foundation of the XRPL, ensuring a sustainable, efficient, and inclusive future for all participants. Related Reading: XRP Price Prediction – Will Recent Correction Trend Push XRP Under $0.50? XRP Ledger Upgrade Goes Beyond? Implications For The Network Xumm believes the XRP Ledger has an “advanced” infrastructure, but they aim to address some key issues impacting “flexibility” and performance. The company believes that with its present capabilities, the network has difficulty processing transactions and fetching historical data. In the long run, these issues could affect the ledger’s capacity to onboard new users and use cases. Xumm’s new update is [...]
newsbtc.com
#ripple #xrp #xrpusdt
Gemini invests $24M for expansion in India
Gemini invests $24M for expansion in India
26.09.2023 20:00
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
cointelegraph.com
#cryptocurrencies #gemini #india
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
26.09.2023 19:30
The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings.
cointelegraph.com
#federal reserve #stablecoin #united states
Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?
Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?
26.09.2023 19:20
An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies.
cointelegraph.com
#bitcoin #btc price #correlation #markets #price #risk #stocks #treasury #us treasuries #yield
MoneyGram’s Foray into the Digital Frontier: Unveils Non-custodial Wallet
MoneyGram’s Foray into the Digital Frontier: Unveils Non-custodial Wallet
26.09.2023 19:11
MoneyGram International, Inc. has announced plans to launch a non-custodial digital wallet. Slated for release in the first quarter of 2024, this wallet aims to enhance cross-border payments. It offers consumers a bridge between fiat and digital currencies.This announcement came during MoneyGram's Chief Executive Officer, Alex Holmes', presentation at the Stellar Development Foundation annual Meridian conference.MoneyGram Eyes Blockchain TechnologyHolmes stated: "The MoneyGram non-custodial digital wallet advances this mission even further. We're thrilled to have the vision, strategic plans, innovative technology and expansive retail network in place to continue offering consumers access to the digital economy." "As a global fintech, the work we're doing on the blockchain is one of the many ways we're thinking differently about how MoneyGram's services can play a broader role in the lives of consumers globally. We're excited to continue to share more in the coming months."Building [...]
financemagnates.com
#blockchain #crypto #cryptocurrency #moneygram
Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data
Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data
26.09.2023 19:00
Data shows that the Bitcoin mining sector has become the most sustainably-powered global industry, as more than 50% of it uses clean energy. Majority Of Bitcoin Mining Industry Uses Clean Energy Sources One of the main criticisms against BTC is that the sector uses a considerable amount of energy and, thus, releases a notable amount of emissions. Things appear to be developing for the better and quite fast. In a new post on X, the co-founder of CH4Capital, Daniel Batten, has shared a few charts that look into the sustainability of the BTC network and how it compares with other sectors. The first chart displays the trend in the percentage of sustainable energy used by Bitcoin mining and other industries over the last four years. The trend in the clean energy used by the various global industries | Source: @DSBatten on X As shown in the above chart, most industries have seen minimal growth in using sustainable energy during this period. The Banking Sector, the second largest in terms of [...]
newsbtc.com
#bitcoin #bitcoin emissions #bitcoin mining #bitcoin news #bitcoin sustainability #btc #btcusd
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
26.09.2023 18:58
After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well.
cointelegraph.com
#jpmorgan chase #middle east #payments #tokens
Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes
Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes
26.09.2023 18:30
JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted. Chase UK to Halt Crypto Payments in Mid-October Chase UK customers are about to hit a roadblock […]
bitcoin.com
#chase bank #chase uk #crypto #crypto payments #cryptocurrency #news
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
26.09.2023 18:12
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.
cointelegraph.com
#crimes #drugs #regulation #sanctions #united states
BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength
BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength
26.09.2023 18:00
As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community. What Are These Key Bitcoin Metrics? In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding more than 1 BTC is at its highest over the last five years.  Related Reading: Market Analysts Outline When The First Spot Bitcoin ETF Will Be Approved In the past month, there has also been close to a 1% increase in persons holding more than one 1 BTC. Meanwhile, the volume of Bitcoin transactions, entity-adjusted ones, has surged by over 9% in the past month. This metric also has a 99.8% percentile over the last five years. These two [...]
newsbtc.com
#bitcoin #bitcoin news #bitcoin performance #btc #btc news #btc price #btcusd #btcusdt
10 crypto insiders share their advice for traders considering trading bots
10 crypto insiders share their advice for traders considering trading bots
26.09.2023 18:00
Being fully aware of both the strengths and weaknesses of bots can help traders leverage them with optimal success.
cointelegraph.com
Biggest Movers: BCH 5% Higher, as BNB Nears Key Price Target
Biggest Movers: BCH 5% Higher, as BNB Nears Key Price Target
26.09.2023 17:31
Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week’s consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, pushing towards a ceiling of its own at $220. Bitcoin Cash (BCH) Bitcoin cash […]
bitcoin.com
#bch #binance coin #bitcoin cash #bnb #crypto #crypto trading #market updates #technical analysis
Taiwan's Crypto Clampdown: Bans Unregistered Foreign Crypto Exchanges
Taiwan's Crypto Clampdown: Bans Unregistered Foreign Crypto Exchanges
26.09.2023 17:27
Taiwan's Financial Supervisory Commission (FSC) has introduced a set of stringent rules, effectively banning unregistered foreign cryptocurrency exchanges from operating within the country. This action occurs as part of Taiwan's commitment to enhancing investor protection and promoting responsible practices within the crypto industry.The FSC has outlined key measures to regulate the cryptocurrency market within its borders. These guidelines, released on September 26, specifically target virtual asset service providers (VASPs) operating in Taiwan. The rules include industry-standard practices such as segregating the exchange's treasury assets from customer assets and establishing mechanisms for listing and delisting crypto assets.Notably, the FSC has imposed strict restrictions on foreign VASPs, preventing them from offering their services in Taiwan unless they have received the necessary approvals and registrations from the regulatory authorities. "Overseas virtual asset platform [...]
financemagnates.com
#crypto #crypto regulations #cryptocurrency #taiwan
Kraken secures money license registrations in Spain and Ireland
Kraken secures money license registrations in Spain and Ireland
26.09.2023 17:17
The move follows the crypto exchange’s successful VASP registration in Italy.
cointelegraph.com
#cryptocurrencies #kraken
Swiss Web3 Tornado
Swiss Web3 Tornado
26.09.2023 17:07
Coin Fam????????☀️ In the last article we teased VESA being in Switzerland, and how the country is advancing leaps and bounds in the eyes of the international crypto community, but today we will give you the lowdown on what the Swiss Web3 Fest was all about and who are the people in the ecosystem behind it. To preface why the following is important, it’s good to mention something. VESA has been working with a bunch of people, from big to small companies and beyond, and what is quite frightening is the ratio of competent people even in big organisations, who have their shit together. It is  R A R E. So, let’s get to it.The Crypto Oasis founders (from left) Saqr, Ralf, and Faisal with us at the Art In Space gallery in Dubai earlier From Crypto Oasis to Crypto Valley and back ???? If you have been connected to the crypto scene in Dubai at all, you must have heard of Crypto Oasis. The spearhead pack is the fastest growing crypto ecosystem in the world, but not everyone knows of their [...]
newsbtc.com
#bitcoin #blockchain art #brittany kaiser #crypto oasis #crypto valley #data #dubai #metaverse #nft #switzerland #tokengate #vesa
Energy And GDP: You Have To Consume To Grow
Energy And GDP: You Have To Consume To Grow
26.09.2023 17:00
Increasing energy availability for production is not enough to stimulate GDP growth, that energy must actually be consumed and put to use.
bitcoinmagazine.com
#bitcoin #electricity #energy #gdp #markets #opinion
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