Binance executives depart, Nasdaq will trade AI-based orders and a bail appeal is denied for Sam Bankman-Fried.
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Binance’s exec exodus, Nasdaq to trade AI orders and SBF loses bail appeal: Hodler’s Digest, Sept. 3-9
Binance executives depart, Nasdaq will trade AI-based orders and a bail appeal is denied for Sam Bankman-Fried.
G20 moves forward with international crypto framework
The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis.
G20 moves forward with international crypto framework
The upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jurisdictions on an annual basis.
Ripple's CLO calls SEC's latest filing "Hypocritical Pivot"
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry.
Ripple's CLO calls SEC's latest filing "Hypocritical Pivot"
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry.
Senators unveil bipartisan blueprint for comprehensive AI regulation
It is expected to be a guide in managing both the potential benefits and risks associated with AI technology.
Congressman Tom Emmer seeks amendment to limit SEC's crypto oversight
Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place.
Congressman Tom Emmer seeks amendment to limit SEC's crypto oversight
Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place.
SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’
The SEC highlighted contradictory conclusions from similar cases, along with other pending decisions as some of the contentious legal issues.
Why is Stellar (XLM) price up this week?
Stellar (XLM) token experienced a notable 11.5% increase in value between Sept. 2 and Sept. 8, a novelty given that Bitcoin and most altcoins are down for the week. The surge came after XLM tested the $0.113 support level, which marked its lowest point in the past eight weeks. The price upswing followed a preliminary announcement made by Stellar Org on social media.
While the announcement was somewhat cryptic, it hinted at something significant occurring on Sept. 12, with phrases like "something cool is dropping" and "change" on the horizon.
XLM price in USD at Bitfinex, 12 hours. Source: TradingViewMore recently, on Sept. 7, Stellar Org further heightened expectations by teasing a potential partnership. However, similar to the earlier announcement, no specific details were provided, with only words like "brand" and "real world" used, suggesting a possible rebranding and a shift towards real-world assets (RWA)like stocks, bonds and real estate.
Caroline Pham, one of the five commissioners of the Commodities Futures Trading Commission (CFTC), emphasized on July 17 that recent court decisions regarding the classification of cryptocurrency assets would ultimately lead to regulatory clarity. Commissioner Pham also stressed the significance of RWAs and highlighted the opportunities for modernizing financial markets through the tokenization of money market funds on blockchain technology.
No, it’s not likely that Elon Musk is coming to save XLM
Unfounded rumors circulated regarding Elon Musk's X (formerly Twitter) could potentially integrate XLM after the social network obtained a currency transmitter license from regulators on Aug. 28. It's worth noting that X had previously received approvals from six other states prior to this latest announcement.
Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event.
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical.
BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined
Binance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skeptical.
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8.
Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
The bulls tried to shake Bitcoin (BTC) from its slumber on Sept. 7 but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” until the start of the next bull run in November 2024.
On similar lines, ARK Invest said in a report that cryptocurrencies could continue to face headwinds in the remainder of 2023 due to several macroeconomic issues such as interest rates, gross domestic product estimates, unemployment, and inflation.
Daily cryptocurrency market performance. Source: Coin360In comparison, the bulls will be closely following the decision of the United States Securities and Exchange Commission on the various Bitcoin spot exchange-traded fund (ETF) applications. In addition to that, the race for a spot Ethereum ETF also began officially on Sep. 6 with filings from VanEck and ARK Invest. Bloomberg ETF analyst James Seyffart expects more Ethereum ETF filings to happen in the next few days.
Could Bitcoin’s range-bound action increase the selling pressure on altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin reached the 20-day exponential moving average ($26,419) on Sep. 7 but the bulls could not overcome this obstacle. This suggests that the bears are fiercely guarding the 20-day EMA.
Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term.
Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term.
The Fed could lose $100B — Does this spell catastrophe for Bitcoin?
On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion.
Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst
Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000.