A court located in Seoul, South Korea issued a warrant for the arrest of Kwon and five other people who are currently in Singapore.
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BTC price clings to $20K as US stocks lose the equivalent of 4 Bitcoin market caps
$1.6 trillion U.S. stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000.
BTC price clings to $20K as US stocks lose the equivalent of 4 Bitcoin market caps
Bitcoin (BTC) briefly lost $20,000 support overnight into Sep. 14 after hot United States inflation sent risk assets crashing lower.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMarkets lose big in bid to "fight the Fed"
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit lows of $19,870 on Bitstamp — its worst since Sep. 9.
The move came amid a stocks rout triggered by Consumer Price Index (CPI) inflation data for August coming in above expectations.
Despite still being lower than July, the market had hoped for a quicker cooling of inflation more broadly and hence the chance of a quicker loosening of policy by the Federal Reserve.
With that prospect now appearing slim, equities indexes hemorrhaged value, with Apple losing $154 billion — the sixth-biggest daily loss in U.S. stock market history.
Sci-Fi NFT comic book project lays the foundation for CCG development
DAO members vote and decide on the future of the story by minting, collecting and crafting panels and pages of comic book issues.
Sci-Fi NFT comic book project lays the foundation for CCG development
DAO members vote and decide on the future of the story by minting, collecting and crafting panels and pages of comic book issues.
Bitcoin is the perfect settlement layer to build apps on top of: Hiro CEO
Bitcoin programmability may also help further drive Bitcoin adoption as both a technical and financial layer in our society, which in turn may “drive up the price” over the long term.
Bitcoin is the perfect settlement layer to build apps on top of: Hiro CEO
Bitcoin programmability may also help further drive Bitcoin adoption as both a technical and financial layer in our society, which in turn may “drive up the price” over the long term.
ETHW Core to push on with Ethereum PoW fork 24 hours after Merge
ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond The Merge.
ETHW Core to push on with Ethereum PoW fork 24 hours after Merge
ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond The Merge.
3 ways scammers will try to fool you over Ethereum’s Merge
Besides fake ETH 2.0 tokens and malicious token airdrops, crypto users should also be on the lookout for staking pools offering attractive staking yields.
$491B asset manager KKR’s health care fund tokenized on Avalanche
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Digital asset company Securitize Capital is set to tokenize $491 billion asset management firm KKR’s Health Care Strategic Growth Fund II (HCSG II) on the Avalanche blockchain.
The news was shared by KKR on Sept. 13, with the tokenization of HCSG II being described by the head of Securitize Capital Wilfred Daye as a “significant breakthrough” for individual access to private equity markets.
The tokenization enables investors to own a token representing a share of the $4 billion healthcare-focused fund that invests in 23 North American and European-based companies versed in the pharmaceuticals, medical devices and life sciences sectors.
$491B asset manager KKR’s health care fund tokenized on Avalanche
To access the fund on the Securitize protocol, investors need to submit their passport, fill out personal and tax information and complete a "liveness check."
Final Fantasy creators join Oasys blockchain, gamers whine about it
As part of the deal, Square Enix will develop games on Oasys’ PoS network, joining the likes of Sega, Double Jump, Bandai Namco and Ubisoft.
Linux to launch Foundation to support digital wallet development
The foundation apparently does not intend to create its own digital wallet, however. Its' goal is to make it easier for companies to create wallets for themselves.
SWIFT and Symbiont announce corporate data blockchain pilot
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business.
Filecoin service provider announces move to Singapore in light of tightening restrictions in China
The service provider also announced the launch of a new system upgrade to increase yield efficiency.
Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever
A key Bitcoin price metric hit a new all-time high, but is this a bullish or bearish development?
Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever
Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been caused by the expectation of cool inflation data.
Bears may have lacked confidence, but August's U.S. Consumer Price Index (CPI) came in higher than market expectations and they appear to be on the right side. The inflation index, which tracks a broad basket of goods and services, increased 8.3% over the previous year. More importantly, the energy prices component fell 5% in the same period but it was more than offset by increases in food and shelter costs.
Soon after the worse-than-expected macroeconomic data was released, U.S. equity indices took a downturn, with the tech-heavy Nasdaq Composite Index futures sliding 3.6% in 30 minutes. Cryptocurrencies accompanied the worsening mood, and Bitcoin price dropped 5.7% in the same period, erasing gains from the previous 3 days.
Pinpointing the market downturn to a single inflationary metric would be naive. A Bank of America survey with global fund managers had 62% of respondents saying that a recession is likely, which is the highest estimate since May 2020. The research paper collected data on the week of Sept. 8 and was led by strategist Michael Hartnett.
Interestingly, as all of this takes place, Bitcoin margin traders have never been so bullish, according to one metric.
NFT creator Doodles raises $54M in funding at $704M valuation
The firm said it will use the money from the raise to further enhance its intellectual property.
New regulatory bill grants Uruguayan Central Bank control over the nation's crypto industry
The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation.