Bitcoin (BTC) saw choppy, albeit bullish, price action on Wednesday after the Fed cut rates in the US by 50bps to 4.75-5.0% and signaled more interest rate easing than the market had anticipated in 2025 in its updated dot-plot. FOMC Cuts Rates By 50Bps; Target Range Stand At 4.75% – 5.00%– Cut Interest On Reserves...
In response to accusations stemming from a devastating $235 million cyber-attack on the Indian crypto exchange WazirX, Binance publicly refuted any responsibility on September 17. In a detailed blog post, Binance stated unequivocally that it has never been involved in WazirX’s operations. Binance Refutes Claims And Questioned WazirX’s Accountability The exchange emphasized that its 2021...
However, their activities have also taken them elsewhere. Officers have impounded suspects’ residences in Jeju Island and Gangwon Province in the past 12 months. In many cases, suspects were allegedly living a life of luxury with funds the unit thinks they embezzled from innocent victims. A walk through the crypto jungle at Korea Blockchain Week...
The latter is reportedly set to open a 500-rig crypto mining center in the historic city of Novgorod. Lawmakers have also spoken of the need to keep certain aspects of Russian crypto policy under wraps. They think that doing so will prevent the West from attempting to undermine new Russian state-backed crypto projects.
Monerium was founded in 2015 to provide on-chain fiat as infrastructure for Web3 builders. Besides EURe, it also issues GBPe and USDe, the first EU-authorized on-chain sterling and dollar, respectively. Meanwhile, Noble is a blockchain for integrating and transferring native assets to sovereign blockchains, enabling a seamless flow of stablecoins and other real-world assets (RWAs)...
Revolut is preparing to launch its own stablecoin, positioning itself to compete with major players in the space, as revealed by a Coindesk report on September 18. 🚨 JUST IN: Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin. pic. .com/8pV48BpRyM — Satoshi Club (@esatoshiclub) September 18, 2024 The London-based...
The Swiss stock exchange operator, SIX Group, is reportedly considering launching a new crypto trading platform in Europe. SIX Group is considering using its reputation and the country's advanced crypto laws to muscle in on a market dominated by firms such as Binance, OKX and Coinbase. https://t.co/exwdRZLWHi pic. .com/7QtYDyEz5J — Financial Times (@FT) September 18,...
Despite conducting only 11 enforcement actions in 2024 (down from 30 actions in 2023 and 21 actions in 2022), the SEC’s average fine for the year reached a record high of $426 million, according to the report. This increase underscores the SEC’s shift toward fewer but larger fines, with the goal of bringing high-impact enforcement...
HTX traded $1.81 billion worth of cryptocurrencies in 24 hours, beating Coinbase’s $1.58 billion.
Mean reversion levels suggest that the on-chain reversion level near $46,000 could serve as a last chance, with ARK defining its overall stance as “bearish.” “Currently, bitcoin’s most important price supports are at $52,000 and $46,000, the latter confirmed by its on-chain mean, the red line on the chart,” accompanying commentary confirms. Bring in the...