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There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court...
16/09/2023

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.

On Aug. 31, Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have stomped on arguments from Securities and Exchange Commission Chair Gary Gensler, who has said that almost all digital assets are securities.

Dimitropoulos (center-left), McLaughlin (center-right) and Leung (right) speaking on a panel regarding crypto regulation. Source: Tom Mitchelhill/Cointelegraph

U.Today - Stories about savvy whales and investors making have become a usual part of the cryptocurrency industry, but w...
16/09/2023

U.Today - Stories about savvy whales and investors making have become a usual part of the cryptocurrency industry, but what about those who do not have the Midas touch but still manage fairly large sums of ?

One such Ethereum investor has been grabbing attention for all the wrong reasons. This individual seems to have a knack for making poor choices when it comes to perpetual contracts, and their recent moves have left many in the crypto world utterly baffled.

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other...
15/09/2023

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into other available assets, including a newly listed stablecoin, amid plans to wind down support for BUSD.

In an Aug. 31 statement from Binance, the crypto exchange confirmed prior speculation that it will gradually stop support for BUSD by February 2024 — a decision in line with Paxos' plans to end BUSD redemption at that time.

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its me...
15/09/2023

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.

The CBECI was launched in July 2019 in an effort to provide reliable data-driven insights to questions about Bitcoin mining’s energy-intensive nature and associated environmental impact.

CBECI looked at U.S. import records on Bitcoin mining equipment (left) and estimated computing power derived from import data (right). Researchers used the hash rate (in TH/s) and gross weight stated by the manufacturer and applied an equally weighted mix of the following models from Canaan’s Avalon A1246, Avalon A1266, Avalon A1346 and Avalon A1366

Crypto.news - The Ethereum (ETH) price saw a notable surge on Aug. 29 after consolidating around the $1,650 mark for ten...
14/09/2023

Crypto.news - The Ethereum (ETH) price saw a notable surge on Aug. 29 after consolidating around the $1,650 mark for ten days.

However, Santiment data suggests there are still more daily transactions in loss. According to the market intelligence platform, the ratio of daily profit and loss transactions dropped to 0.62.

ETH price, ratio of daily transactions in profit to loss and whale activity – Aug. 30 | Santiment

Per Santiment, the ratio hit a three-week high of 1.37 on Aug. 29, when ETH was trading at around $1,740.

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinh...
14/09/2023

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood (NASDAQ:HOOD) as a leading holder of Ether (ETH) and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion of the cryptocurrency.

Arkham stated on X (formerly Twitter) that its recognition of Robinhood possessing the third-largest Bitcoin wallet garnered significant attention. However, it said less attention has been paid to its identification of Robinhood as the holder of the fifth-largest ETH wallet. In a separate update, Arkham emphasized that these funds are user balances under custody.

U.Today - , the largest cryptocurrency by market capitalization, appears to be starting the new month of September in th...
12/09/2023

U.Today - , the largest cryptocurrency by market capitalization, appears to be starting the new month of September in the red, with losses in the initial trading hours on Sept. 1. BTC was down 4.60% in the last 24 hours to $25,998 at the time of writing.

The majority of cryptocurrencies are also trading in losses on September's opening day, with some losing up to 7%. According to Coinglass data, the total value of crypto liquidations in the last 24 hours is $129 million.

Bitcoin's price action at the start of September is not entirely surprising. Crypto analyst pointed out that September has had the fewest positive-returning months, with only two, and is on a six-year negative-return streak.

According to Bitcoin's monthly returns chart, has had six "negative Septembers" in a row since 2016. Within these six years, 2019 witnessed the greatest loss of 13.47%, while 2022 losses were relatively lower at 3.12%.

However, historical precedent may not predict current outcomes because the crypto market never fails to surprise. Being the start of September, it may be difficult to gauge Bitcoin's price action based on a one-day performance.

Bitcoin may choose to break the bearish trend this September and close in the green for the first time in six years. Thus, traders should keep an eye out for favorable fundamental boosts to appraise Bitcoin's price movement.

Deriv excels with its innovative trading solutions, which include low minimum deposits, proprietary financial assets, an...
12/09/2023

Deriv excels with its innovative trading solutions, which include low minimum deposits, proprietary financial assets, and user-friendly platforms with competitive trading conditions. Deriv's wide range of currency pairs and flexible trade sizes enable traders to diversify their strategies and manage risk more efficiently in the dynamic forex market

Trade Forex with low amounts

The forex market is valued at a staggering $1.93 quadrillion US Dollars. Deriv enables traders to enter this dynamic market with a minimum deposit requirement of 5 USD.
By eliminating the need for a substantial investment, Deriv provides an accessible entry point for traders to explore the forex market and potentially profit from its high liquidity.

Binance CEO Changpeng “CZ” Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized fina...
11/09/2023

Binance CEO Changpeng “CZ” Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run.

During a Sept. 1 live X Spaces (formerly Twitter Spaces), titled CZ AMA, Zhao shared his thoughts on the future of DeFi. “I think the more decentralized the industry becomes, the better,” he declared, adding that it may not be long before it takes over CeFi trading volumes:

While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgr...
11/09/2023

While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should facilitate payment options in all retail scenarios, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3.

In a speech at the annual China International Service Trade Fair, Mu said the digital yuan has “undergone a major upgrade” in terms of its “organizational forms” and business model. Now, it’s the turn of the payment tools to be upgraded.

A former manager at nonfungible token marketplace OpenSea sentenced to three months in prison for insider trading has op...
10/09/2023

A former manager at nonfungible token marketplace OpenSea sentenced to three months in prison for insider trading has opted to serve the sentence while his appeal is pending.

On Sept. 6, Nathaniel Chastain’s lawyers filed a letter with a New York District Court informing the judge that Chastain decided to withdraw his application for bail pending appeal.

Screenshot of the letter from Chastain’s lawyers. Source: CourtListener

Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can ...
10/09/2023

Venture capital has been a key driver for myriad startups in the blockchain space. Founders know how competitive it can be to secure valuable VC funding that can keep the lights on and employees paid during the critical first days of a new project.

In a new interview series, Cointelegraph sits down with executives at some of the most active funds investing in the crypto space to understand their perspectives, hear their successes and failures, and know what gets them excited about a new project in the Web3 space.

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