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 […]
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 […]
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 […]
Anticipated Federal Reserve interest rate reductions could precipitate a significant decline in Bitcoin prices, contrary to what many might expect, according to market analysts. Bitfinex’s team, in a recent advisory, suggested that Bitcoin could see a downturn of 15-20%, potentially lowering its value to between $40,000 and $50,000. This forecast is particularly noteworthy as September […]
Nvidia experienced a significant market downturn, losing approximately $280 billion in market value following an antitrust subpoena from the U.S. Department of Justice (DOJ). This marked the largest single-day loss in U.S. stock market history, with Nvidia’s shares plummeting 9.5% to close at $108 on September 3, according to data from Google Finance. The stock […]
Sberbank, Russia’s top banking institution, is set to initiate customer transactions using the digital ruble by early 2025, as revealed by Anatoly Popov, the bank’s deputy chief executive. This move is part of Russia’s broader efforts to integrate the central bank digital currency (CBDC) into everyday banking activities. The bank is preparing to join the […]
The Qatar Financial Centre (QFC), located in Doha, has introduced a detailed set of regulations for digital assets. The regulatory framework, devised by the Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA), aims to provide a structured approach for managing digital assets within the QFC. This new framework outlines procedures […]