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 …
Monthly archives: September 2024
US, Canadian investors to get full compensation in GSB Group settlement
The German group is accused of running a multilevel marketing scheme that took in hundreds of millions of dollars in supposed crypto and metaverse investments.
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 …
Crypto Super PACs: These Three Groups Are Involved in Cryptocurrency
Future Forward USA, Fairshake, and the Sentinel Action Fund are accepting crypto or supporting pro-crypto candidates. U.S. presidential elections and other political developments are expected to shape cryptocurrency policy and regulation across the country. By donating cash or crypto to these super PACs, individuals can support candidates that share their stance. This Democratic super PAC …
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Harris campaign criticized for ignoring crypto in policy statement
Available exclusively via Bitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 46 mins ago CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024. Go to Source
Bitcoin’s historical performance: September dips and year-end rallies
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Digital assets suffer as Bitcoin leads $726 million outflow
Digital asset investment products saw significant outflows totaling $726 million, matching the highest outflow recorded earlier this year in March, according to CoinShares‘ latest report. James Butterfill, head of research at CoinShares, attributed this negative sentiment to stronger-than-expected macroeconomic data from the previous week. This increased the likelihood of a 25-basis point interest rate hike …
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Michael Saylor foresees Bitcoin capturing 7% of global wealth
Quick Take In a recent interview on CNBC, MicroStrategy’s Executive Chairman, Michael Saylor, shared his long-term outlook on Bitcoin. Saylor was asked about Bitcoin’s position as “digital gold” and its potential to capture a portion of gold’s market cap. He explained that Bitcoin currently represents about 0.1% of global wealth, with a price of around …
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Sonic pioneers wallet credit scores with no KYC requirements amid reaching 720ms finality
Andre Cronje, the CTO of Sonic Labs (formerly Fantom), revealed plans for Sonic blockchain to introduce credit scores for digital wallets, according to a Sept. 9 blog post. The goal is to tap into the global unsecured lending market, which exceeds $11 trillion. Credit scores Cronje explained that credit score integration is a key advancement …
Binance-backed Tokocrypto becomes third crypto exchange in Indonesia to secure PFAK license
Crypto exchange Binance said its subsidiary Tokocrypto has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), according to a Sept. 9 statement shared with CryptoSlate. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license. The country currently has 35 prospective crypto …
Discover Seamless and Safe Trading with Maestro
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Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns
Grant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized …
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Polymarket’s Traffic and Trading Volume Soar, $137.3M in September’s First 9 Days
In just over a week, the blockchain-powered prediction market platform Polymarket has generated an impressive $137.3 million in trading volume, already outpacing the total volume recorded during June and all prior months this year. Last Friday, Polymarket reached its highest daily trading volume in the last three months. Polymarket Outpaces June Volume in Just 9 …
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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 …
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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. …
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