Ethereum Technical Analysis: ETH Faces Pivotal Resistance
On Sept. 9, 2024, ethereum’s price hovers at $2,309 as it struggles to break free from a strong downtrend, observed across multiple timeframes. The market reflects uncertainty, with oscillators showing mixed signals and moving averages signaling a bearish outlook. While there are signs of accumulation near current support levels, the broader market environment demands caution […]Crypto Strategist Says Seller Exhaustion in Sight for Bitcoin, Predicts Subsequent Price Rebound for BTC
An analyst who nailed the pre-halving Bitcoin correction believes BTC and crypto are close to witnessing either a bounce or a sustained reversal. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Bitcoin and crypto have been seeing strong selling pressure as of late. The analyst thinks that sellers […]
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Russia Setting Sights on Alternative Financial System Independent of US Dollar Using Crypto: Chainalysis
Russia is looking at crypto to mitigate the effect of sanctions and bolster its international payments ability, according to a new report from Chainalysis. Chainalysis says that Russia is positioning itself in an attempt to overtake the US as the global leader in crypto mining, passing a new bill allowing legal entities and registered entrepreneurs […]
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Stock Markets in South and Southeastern Asia – Octa Broker Takes a Close Look at India, Indonesia and Malaysia
While the global market grappled with uncertainty, South and Southeastern Asia economies – particularly India, Indonesia and Malaysia – have emerged as unexpected investment hotspots. With strong GDP (gross domestic product) growth, favorable inflation rates and thriving stock markets, these nations offer promising opportunities for investors looking to capitalize on the region’s economic momentum. It […]
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Stablecoin aUSDT Backed by Gold As Precious Metal Much Less Volatile Than Bitcoin, Says Tether CEO Paolo Ardoino
The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king. In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to […]
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Crypto Products Suffer $720,000,000 in Outflows Amid Rate Cut Uncertainty: CoinShares
Digital assets manager CoinShares says that institutional crypto investors pulled hundreds of millions in capital from digital asset products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products suffered $726 million in outflows last week driven by strong economic data releases. “Digital asset investment products experienced significant outflows […]
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Trader Says ‘True Move’ Coming for One DeFi Altcoin, Turns Bullish on SUI and One AI-Focused Crypto Asset
A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave (AAVE) could soon spark another leg up after trading in a range for weeks. “AAVE’s […]
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Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000
On September 9, 2024, bitcoin is trading for $55,321, rebounding from recent lows but facing strong resistance around the $56,000 mark. Oscillators and moving averages present a mixed picture, with signals split between sell and buy actions. Bitcoin Bitcoin’s price saw a short-term recovery, rising from a low of $53,636 on September 8 to $55,614. […]Graph Foundation Director: BTC Rally Fails to Rekindle Investor Interest in Crypto Startups
According to a director of a non-profit organization, investors’ growing interest in artificial intelligence (AI) may be diverting funds away from crypto startups. The director suggested that the diminished investor interest, even with a rising crypto market, supports this assertion. The director said the diminished interest could be due to a lack of awareness about […]Bitcoin Layer 2 Protocol Stacks Achieves New High in Smart Contract Deployments
Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network. The increase in deployments highlights the potential for decentralized finance (defi) on Bitcoin and the innovative projects […]Woo X Introduces Social Trading With Ability to Hedge Against Leading Traders
Woo X, a crypto futures and spot trading platform, has launched its new social trading product, featuring a counter trading feature. This tool allows users to hedge against lead traders, offering additional opportunities for profit in varying market conditions. The platform also introduces a fair profit-sharing model, ensuring users only share profits when truly in […]Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that […]Moscow Exchange Opts out of Russia’s Crypto Trading Program
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […]CFTC Files Motion To Shut Down Kalshi’s Election Markets After Betting Platform’s ‘Huge Win’ Against Regulator
The Commodity Futures Trading Commission (CFTC) is filing a motion to shut down Kalshi’s election betting markets after the firm scored up a legal victory against the regulator. According to new court documents, the CFTC is asking a US court for an emergency stay of a judge’s recent decision to overturn the regulatory body’s order […]
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Shift Markets: A review for aspiring crypto exchange operators
Shift Markets’ comprehensive platform accelerates crypto exchange launches, enhancing market accessibility and compliance in a complex regulatory landscape.
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Forbes to roll out new blockchain-powered loyalty platform
Forbes’ blockchain loyalty platform could revolutionize consumer-brand interactions, offering secure, transparent, and versatile rewards.
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The Cosmos collection: Kraken and Williams Racing fuel the next generation of F1 IRL crossovers at the 2024 Formula 1 Pirelli United States Grand Prix
Enter our second annual Rear Wing Takeover Contest for a chance to see your Cosmos race on a Williams Racing FW46 challenger in Austin!
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Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […]Crypto Super PAC pours $660K into Senate race as US election closes in
With 57 days until the US election, expenditures from Super PACs seem to be heating up in Massachusetts and nationwide.
The Commonwealth Unity Fund, a political action committee (PAC) primarily funded by contributions from the co-founders of Gemini and Ripple Labs, has spent more than $600,000 toward the election of Republican candidate John Deaton in the United States Senate.
According to Federal Election Commission (FEC) records filed on Sept. 6, Commonwealth spent roughly $330,000 on media buys opposing Democratic incumbent Elizabeth Warren in the Massachusetts US Senate race. The Super PAC also spent the same amount on a media placement supporting Deaton.
The media buy marked one of the first significant expenditures from a crypto-backed Super PAC since Deaton won the Republican nomination for the US Senate race on Sept. 3. Backed by crypto industry leaders including the Winklevoss twins and Kraken co-founder Jesse Powell, the Republican candidate seeks to unseat Sen. Warren, who has served as Massachusetts’ Democratic Senator since 2013.
UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto […]Ether.fi chooses Scroll as its L2 settlement layer, announces crypto-based credit card
Ether.fi’s integration with Scroll could significantly boost Scroll’s TVL and position it as a leading layer-2 network, enhancing crypto’s utility.
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Bitcoin Short-Term Holders Feeling the Stress As Correction Brings Positions Underwater: Glassnode
Short-term holders (STHs) of Bitcoin are feeling pain as BTC falls in price, creating the potential for heightened volatility, according to analytics firm Glassnode. In a new report, Glassnode says that the short-term holder cohort is “heavily underwater” in their positions. “The Bitcoin market has continued to experience downward pressure over recent months despite the […]
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Altcoins outshine Bitcoin as equities correlation persists, Bitfinex analysts reveal
Altcoins’ recent outperformance may signal a shift in investor sentiment, potentially leading to a bullish Q4 for the broader crypto market.
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Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025
Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. […]Ripple CEO: Japan’s Leaders Committed to Advancing Crypto and Blockchain Technology
Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […]Binance obtains crypto license in Indonesia through local subsidiary
Binance’s regulatory success in Indonesia could significantly enhance the country’s crypto ecosystem and influence regional adoption trends.
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Bitcoin funds register $643 million in outflows amid record weekly drawdown
Significant outflows from Bitcoin funds signal growing investor caution and potential market instability amid macroeconomic uncertainties.
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US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted […]Here’s What Could Happen in December 2024 for Ethereum (ETH), According to Analyst Benjamin Cowen
Crypto analyst Benjamin Cowen says that Ethereum (ETH) could finally reach a price bottom sometime in December of this year. In a new strategy session, Cowen tells his 812,000 YouTube subscribers that the unemployment rate in the US has historically topped out in December, coinciding with a bottom in crypto markets. Given that unemployment is […]
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Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution has reportedly already helped foster financial inclusion in other regions. Bridging the Funding Gap The Nigerian blockchain payment […]