Trading Insights for BTC and ETH Derived From Minimal 1% Fluctuations
Bitcoin and Ethereum exhibit minimal price fluctuations, with Bitcoin at $26,557 and Ethereum at $1,593, influenced by low trading volume and investor uncertainty. Key Points Bitcoin and Ethereum, two major players in the cryptocurrency market, are currently experiencing minimal fluctuations of around 1%. Bitcoin is trading near $26,500, while Ethereum is trading near $1,600. This lack of significant movement could …
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Top Cryptocurrencies to Purchase in September – Stacks, Litecoin, VeChain
Major investors monitoring cryptocurrencies like Stacks, Wall Street Memes, Litecoin, and Bitcoin BSC amid ongoing regulatory discussions. Key Points A group of U.S. senators, led by Senator Elizabeth Warren, is advocating for increased regulation and oversight of the cryptocurrency industry. This move aims to combat illicit financial activities often associated with cryptocurrencies. Nine additional senators from both parties have joined …
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Russian CBDC & Biometric Data Projects Not Linked, Bank Claims
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Cary
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September 19, 2023
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News, Cryptonews
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Bank, Biometric, CBDC
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0 Comments
The Russian Central Bank clarified that its digital ruble and biometric data collection are unrelated, with voluntary participation, aiming to prevent scams. Key Points The Russian Central Bank recently addressed growing concerns about the link between its Central Bank Digital Currency (CBDC), the digital ruble, and the country’s biometric data collection initiative. Elvira Nabiullina, the Governor of the Russian Central …
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Coinbase’s Base Surpasses Solana in TVL
Coinbase’s Layer 2 blockchain platform, Base, has exceeded Solana in total value locked (TVL) at $374.43 million, attributed to the success of the social app FriendTech. Summary Coinbase’s Layer 2 blockchain platform, Base, has been making significant strides lately, overtaking Solana in terms of total value locked (TVL). According to data from DefiLlama, Base’s TVL stands at an impressive $374.43 …
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Author of ‘Black Swan’ Controversy with Bold Interpretation
Nassim Nicholas Taleb’s criticism of Bitcoin’s finite supply challenges its value proposition, highlighting ongoing debate in the cryptocurrency community. Key Points “Black Swan” author Nassim Nicholas Taleb has recently unleashed a barrage of criticism directed at Bitcoin, specifically targeting its commonly touted advantage of a finite supply of 21 million coins. Taleb’s comments have created a stir within the cryptocurrency …
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FTX Lawyers Outrage Over Inadequate Prison Internet Access
FTX founder’s defense argues that subpar prison Wi-Fi is hampering trial preparation, underscoring the importance of reliable internet access in the justice system. Key Points Having poor internet connection is not just inconvenient — it could also impact the course of justice; that is what lawyers for FTX founder Samuel Bankman-Fried are arguing in a recent court filing. Former FTX …
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SEC Settles Charges Against Fintech Firm Linus Financial
The SEC settles charges against Linus Financial for selling an unregistered cryptocurrency lending product. Key Points The US Securities and Exchange Commission (SEC) made an announcement on Thursday regarding the settlement of charges against Linus Financial, a fintech firm based in Tennessee, over the sales of an unregistered cryptocurrency lending product. The SEC stated that it will not impose civil …
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Crypto Cynic Becomes Singapore’s New President
Singapore elects Tharman Shanmugaratnam as its new president, previously known for skepticism toward cryptocurrencies, now emphasizing “ultra clarity” and a balanced regulatory approach. Key Points Singapore recently elected Tharman Shanmugaratnam as its 9th president, succeeding Halimah Yacob. While Shanmugaratnam had previously referred to cryptocurrencies as “inherently purely speculative and slightly crazy,” the role of the President in Singapore is mostly …
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PBOC Official Stresses Importance of Digital Yuan
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Cary
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September 4, 2023
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Cryptonews, Crypto, News
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0 Comments
China’s Digital Currency Research Institute head highlights the need for digital yuan in all retail payments, and proposes unified QR code standards. Key Points The head of the Digital Currency Research Institute at the People’s Bank of China (PBOC), Changchun Mu, emphasized the necessity of making the digital yuan available for all retail payment scenarios at a trade forum in …
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South Korea Crack Down on Crypto Drug Trafficking
South Korean police arrest 312 individuals involved in a cryptocurrency-facilitated drug trafficking network operating on dark web platforms. Key Points South Korean police have intensified their efforts to combat drug trafficking facilitated by cryptocurrencies, resulting in the arrest of 312 individuals involved in a major narcotics bust. The arrests were made by the Seoul Metropolitan Police Agency’s Drug Crime Investigation, …
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