UK Lawmakers Advocate for Rigorous Oversight on NFTs and Fan Tokens
UK lawmakers are calling for increased government oversight and regulation in the NFT space due to concerns about copyright infringement and potential harms from sports fan tokens Key Takeaways The entwinement of the nonfungible token (NFT) space with copyright infringement concerns has prompted a bipartisan parliamentary committee in the U.K. to advocate for enhanced governmental oversight and regulation. Addressing the …
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FAB Triumphs in Blockchain Cross-Border Payment Pilot Test with J.P. Morgan
First Abu Dhabi Bank (FAB) successfully concludes a blockchain payment pilot with J.P. Morgan’s Coin Systems, highlighting the potential of blockchain in cross-border payments. Key Takeaways In a noteworthy stride towards marrying traditional banking with blockchain technology, First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates and a global financial powerhouse, jubilantly unveils the successful conclusion …
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Upbit Confronts a Whopping 160,000 Hack Attempts in 2023’s First Half
Upbit faced a staggering 160,000 hacking attempts in H1 2023, double that of 2022. Security measures intensified after a 2019 hack. Rising cyber threats challenge crypto exchanges. Key Takeaways Upbit, one of the prominent cryptocurrency exchanges, has been swamped with a colossal 160,000 hacking attempts in just the initial half of 2023, marking a perturbing 2.17-fold increase from the first …
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JP Morgan Strategist Anticipates Possible 20% Stock Market Downturn
JP Morgan’s Marko Kolanovic suggests a possible 20% stock market downturn due to consumer sector stress and differing NASDAQ performance. Key Takeaways Marko Kolanovic, J.P. Morgan’s Chief Global Market Strategist, sheds light on his somewhat pessimistic view of the stock market’s trajectory, inciting conversations about a potential 20% downturn. Appearing on CNBC’s “Fast Money,” he navigated through topics spanning from …
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Analyst Illuminates BTC Trading Strategy Utilizing RSI Indicator
Market analyst Ali Martinez highlights a Bitcoin (BTC) trading strategy using the Relative Strength Index (RSI) indicator, suggesting buying when RSI exceeds 74.21 and selling below 30.35. Key Points In a strategy spotlight, renowned market analyst Ali Martinez recently presented a strategy for trading Bitcoin (BTC), leveraging insights derived from the Relative Strength Index (RSI) indicator. Through his brief analysis, …
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Ethereum Slides to $1,600: A Crucial Battle Awaits Bulls and Bears
Ethereum experiences a sharp drop to $1,580, facing resistance at $1,645. A breach below $1,600 might lead to further declines to $1,540. Key Takeaways In a sudden turn of events, Ethereum (ETH) has wiped its recent gains, plunging back down to a concerning $1,580 against the US dollar, and is now wrestling with bearish undercurrents. The descent was substantial enough …
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VanEck’s Ethereum ETF Profits Pledge Boosts ETH Outlook
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Cary
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September 30, 2023
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News, Crypto
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ETF, Ethereum, VanEck
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0 Comments
VanEck commits 10% of Ethereum ETF profits to support core developers, enhancing stability and potential price impact, amid regulatory uncertainties. Key Takeaways: Investment management giant VanEck has announced a generous commitment to donate 10% of the profits from its upcoming Ethereum Strategy ETF to Protocol Guild, a collective supporting Ethereum’s core developers. This declaration comes ahead of the highly anticipated …
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Circle Advocates for Stablecoins in Binance’s Ongoing SEC Lawsuit
Coinbase faces regulatory and market challenges but continues to expand. CEO Brian Armstrong notes U.S. regulatory ambiguity. Key Points: In the midst of the Securities and Exchange Commission (SEC)’s legal pursuit of Binance, Circle, the issuer of the stablecoin USDC, has entered the fray, ardently arguing that stablecoins are not securities and therefore should not be subjected to financial trading …
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Crypto Lobby’s Efforts Overshadowed by Federal Budget
Crypto firms lobby for favorable regulations, facing challenges as the federal budget and Senate focus on other issues and crypto scrutiny intensifies. Key Takeaways In a significant move to push for industry-friendly crypto laws, executives from numerous digital asset companies have come together for meetings with lawmakers. This grassroots advocacy initiative is organized jointly by Coinbase, the U.S.’s largest crypto …
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South Korea’s Leading Crypto Exchange Upbit Faces Security Breach
South Korea’s Upbit crypto exchange faces a security breach, impacting 100,000 accounts with $3.4 billion in counterfeit tokens, questioning its reliability. Highlights: In a startling development, Upbit, the largest cryptocurrency exchange in South Korea, has been compromised due to fraudulent deposits, endangering the security and integrity of its platform and impacting nearly 100,000 user accounts. The incident has led to …
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