In the initial days of September 2024, the cryptocurrency market saw a 5% decline in its total value, prompting many investors to pause their trading activities. Despite the overall market downturn, crypto whales have been actively accumulating alternative cryptocurrencies, including Polygon (POL), Ethereum (ETH), and the frog-themed meme coin Pepe (PEPE). Polygon Ecosystem Token (POL) […]
Bitcoin might drop below the critical $50,000 mark this coming weekend, as noted by Arthur Hayes, the former CEO of crypto exchange BitMEX. In a recent post, Hayes expressed concerns about Bitcoin’s current momentum: “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I […]
Crypto market confidence has plunged, hitting its lowest point in over a month, sparking discussions of an imminent Bitcoin price downturn beneath the $50,000 mark possibly by this weekend. The Crypto Fear & Greed Index, which evaluates the overall mood in the cryptocurrency environment, dipped to 22, a level not observed since early August. Axel […]
Changpeng “CZ” Zhao, soon to be released from a U.S. prison, may face a permanent ban from managing or operating Binance, according to a plea deal with prosecutors. A report from Axios on September 5 revealed that Binance CEO Richard Teng stated CZ received a lifetime ban from managing the exchange, contrary to earlier reports […]
Mastercard has teamed up with Mercuryo to introduce a new Euro debit card, allowing users to spend cryptocurrencies directly from their self-custodial wallets at over 100 million European merchants. This initiative aims to integrate digital assets into everyday spending more seamlessly. The card, designed for self-custodial wallets, ensures that users maintain control of their private […]
U.S. presidential candidate and former President Donald Trump recently expressed his support for the cryptocurrency industry and proposed Elon Musk to lead a new government task force. During a speech at the Economic Club of New York on September 5, Trump emphasized his commitment to embracing the digital asset sector. He pledged to cut ten […]
The Commodity Futures Trading Commission (CFTC) of the United States has charged Uniswap Labs, the developer of the decentralized exchange, with the illegal provision of leveraged cryptocurrency trading to domestic retail investors. This development was revealed in a recent announcement on September 4. To resolve these charges, Uniswap Labs has consented to a settlement involving […]
The U.S. Securities and Exchange Commission has once again postponed its decision regarding the New York Stock Exchange (NYSE) Arca’s application to list a novel exchange-traded fund (ETF) that would combine spot Bitcoin and carbon-credit futures. This decision, detailed in a September 4 filing, follows a previous delay announced in May, with a new deadline […]
Nvidia has refuted claims that it was served an antitrust subpoena by the U.S. Department of Justice (DOJ), as initially reported by CNBC. Following the denial, Nvidia’s stock saw a slight increase in after-hours trading. An Nvidia representative clarified, “Upon inquiry with the US Department of Justice, we can confirm that we have not received […]
Polygon has upgraded its native cryptocurrency to the new Polygon Ecosystem Token (POL) as of September 4, effectively transitioning from MATIC on a one-to-one basis. This update positions POL as the main gas and staking token within the network, according to an announcement shared. Marc Boiron, CEO of Polygon Labs, highlighted the upgrade’s potential to […]