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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

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.

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.

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

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.

14/09/2023

Google (NASDAQ:GOOGL) Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country.

The partnership aims to digitize the country, update government services and improve the healthcare and education systems. The GDC will also help bring infrastructure closer to where data is generated for El Salvador.

12/09/2023

The cryptocurrency market capitalization is down today, with the U.S. Securities and Exchange Commission (SEC) spoiling the rally this week.

The combined valuation of all cryptocurrencies has fallen 3.7% in the last 24 hours to $1.02 trillion on Sep. 1.

Crypto market performance in the past 24 hours. Source: Coin360.com
Liquidation heatmap of crypto assets. Source: Coinglass
DXY daily performance chart featuring its correlation with the crypto market cap. Source: TradingView
Crypto market's daily performance chart. Source: TradingView

12/09/2023

Cryptocurrency and stock trading platform Robinhood (NASDAQ:HOOD) has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried, also known as SBF.

According to an Aug. 31 blog post, Robinhood completed a purchase of 55,273,469 shares for roughly $606 million following a filing with the United States Securities and Exchange Commission. The shares, originally held by Bankman-Fried and FTX co-founder Gary Wang through Emergent Fidelity Technologies, were seized in January by the U.S. Department of Justice.

11/09/2023

A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert.

Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The move has sparked speculation about its potential price impact.

11/09/2023

U.Today - The first weekend of September was quite eventful for the cryptocurrency industry. Don't miss the most important news with U.Today's top four stories.

Shibarium surpasses one million wallets as millions of SHIB go up in flames
On Saturday, Sept. 2, Layer 2 solution hit a new record in terms of the total count of wallets. According to data by Shibariumscan.io, this metric surged to one million, adding about 300,000 just overnight. Currently, Shibarium can boast of 1,100,823 wallets. The count of transactions also saw an impressive increase — from 700,000 reached on Friday to 990,016 at the moment of writing. On the same day, the SHIB army managed to send 43,163,517 SHIB to dead-end wallets, which pushed the burn rate up by more than 71%.

10/09/2023

Bitdeer Technologies Group (BTDR) today announced its unaudited mining and operations updates for August 2023.

Linghui Kong, Chief Executive Officer of Bitdeer, commented, “During August, we continued to deliver on our commitment to diversify and scale our global mining business, as our Gedu Datacenter entered full operations with approximately 30,000 mining machines energized. This represents a major milestone in our infrastructure expansion, boosting our aggregate electrical capacity by 100MW and adding approximately 3.3EH/s to our proprietary hash rate. Our development initiatives are already bearing fruit, as we mined 383 Bitcoins through our self-mining business in August, representing annual and monthly increases of 124.0% and 74.1%, respectively. Meanwhile, we curtailed the power usage at our mining datacenter in Texas to help stabilize Texas’ electric power grid in response to the state’s extreme heat in August, through which we continued to earn power credits. Going forward, we will continue to prudently execute on our operational and infrastructure strategies to generate long-term shareholder value.”

10/09/2023

Update (Sept. 7, 2023, 11AM UTC): This article has been updated to add more information on the policy paper.

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 presidency. The organizations have created the paper to combine the standards and consolidate collective recommendations to provide guidance and help various jurisdictions address risks associated with crypto asset activities.

Policy response recommendations to implications of crypto assets. Source: IMF/FSB

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