Pinakabagong Balita sa Crypto at Market Updates

Australian Senator warns against rejection of his crypto bill

crypto　　Australian Senator warns against rejection of his crypto bill　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Australia is facing a critical juncture in its approach to cryptocurrency regulation as the fate of the Digital Assets (Market Regulation) Bill hangs in the balance. Senator Andrew Bragg, the author of the bill, has issued a stark warning that if the legislation is rejected by parliament, Australian investors will be left exposed to unregulated markets, potentially driving investments away from the country.　　Senate committee suggested the rejection of the bill　　On September 4, the Senate Committee on Economics Legislation made a significant recommendation, suggesting that the Senate reject Bragg‘s bill. Instead, they proposed that the government continue consulting with the crypto industry to formulate appropriate regulatory frameworks. The committee’s chair, Labor Party Senator Jess Walsh, explained in a report that they recommended against passing the bill because it “fails to interoperate with the established regulatory landscape, creating a genuine concern for regulatory arbitrage and adverse outcomes to the industry.”　　Senator Bragg vehemently criticized the committees recommendation, asserting that it could “expose consumers to an unregulated market and drive investment offshore.” He highlighted the dual benefits of digital asset regulations: safeguarding consumers and stimulating market investment and activity.

2023-09-08Industriya

Nakikita ng Chainlink ang Napakalaking Akumulasyon, Pagtaas ng Presyo ng LINK sa $10?

While the broad3r crypto market consolidates, Chainlink (LINK) has reversed its trajectory to the north and is making bold moves. As per on-chain data, Chainlink shark and whale addresses have accumulated $10 million worth of LINK just over the last three days.　　The significant “shark” tier of Chainlink holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating. As of now, there are 3,127 wallets within this tier, marking the highest count since December 3, 2022, ulat Pang-akit.　　Kagandahang-loob: Santiment　　Over the last three weeks, Chainlinks on-chain data has been showing good development with renewed investor interest in the altcoin. As of press time, LINK price is trading 2.67% up at $6.37 with a market cap of $187 million. Over the last week, the LINK Price is up by 6.29% while most of the altcoins are in the red.　　Another positive development for Chainlink (LINK) is that despite the current price surge, investors are not looking for any profit booking. Instead, the exchange reserves for LINK have been dropping. Over the last three weeks, Chainlink investors have withdrawn nearly 1.8 million LINK tokens.　　Chainlink Conducts Tokenization Tests With SWIFT, LINK Price to $10？　　The whale interest in Chainlink has suddenly shot up after the

2023-09-08Industriya

6 na Bilyonaryo ng Bitcoin (BTC), Sino Sila? Ulat ng Crypto Wealth

Crypto billionaires who hold most of their wealth in Bitcoin are rare breed of investor　　Cryptocurrency, once the darling of tech-savvy investors, has now entered the mainstream financial portfolio. According to a recent report by Henley & Partners, a staggering 425 million people globally have dipped their toes into the crypto pool. While the crypto fever may have cooled off a bit since its heyday, it is far from being a passing fad. In fact, a significant chunk of Gen Z — those between 18 and 25 — has invested in digital currencies.　　However, not everyone is sailing in smooth crypto waters. A Pew Research survey revealed that 75% of Americans remain skeptical about the safety of crypto investments. Nearly half of the respondents admitted that their crypto ventures have not panned out as they had hoped. But lets flip the coin. There are those who have struck digital gold, amassing fortunes in the millions and billions, primarily in Bitcoin.　　Henley & Partners report uncovers some eye-popping numbers. Out of 425 million crypto users, 88,200 have assets exceeding $1 million. A substantial 40,500 of these millionaires prefer Bitcoin as their go-to investment.　　But who are the apex predators in this digital jungle？ A minuscule

2023-09-08Bitcoin

Tinutugunan ng International Monetary Fund (IMF) ang Mga Kakulangan ng Kumpletong Pagbabawal sa Cryptocurrencies!

In a joint roadmap published today, global standard-setting bodies including the Financial Stability Board (FSB) and the International Monetary Fund (IMF) warned that a complete ban on cryptocurrencies was unlikely to reduce the associated risks.　　Global Financial Institutions Claim Broad Crypto Bans Are Ineffective　　The comprehensive report, commissioned by the India-led G20 forum, highlights the need for comprehensive regulatory and supervisory oversight to address macroeconomic and financial stability risks posed by crypto assets.　　Countries such as India have expressed concern about the increasing threat to monetary policy from widespread crypto use in such economies, calling for recommendations on stronger bans or specific regulatory measures.　　The report also touches on concerns about the proliferation of stablecoins, which are cryptocurrencies pegged to the value of other assets or currencies.　　The report underlines that although stablecoins can facilitate a variety of transactions, they bring with them different risks, especially in terms of maintaining a stable value and dependence on private issuers.　　The report highlights that imposing blanket bans on all crypto activities in one jurisdiction, including trading and mining, is not only logistically difficult and costly, but also risks creating spillover risks by diverting crypto-related activities to other jurisdictions.　　The report emphasizes that restrictions should not replace sound macroeconomic policies,

2023-09-08Industriya

Bumababa ang Crypto trading sa mga antas ng 2019 habang nakikita ng Binance ang paghina ng merkado at ang pagtaas ng dami ng Huobi

Spot and derivatives trading activities on centralized cryptocurrency exchanges declined for the second consecutive month by 11.5% to $2.09 trillion, setting a new low for the current year, according to CCData.　　The crypto data aggregator reported that spot trading activities fell 7.78% to $475 billion in August, the lowest volume recorded since March 2019. CCData stated that daily volumes on centralized exchanges also hit a low of $5.90 billion on August 26, the weakest since Feb. 7, 2019.　　Pinagmulan: CCData　　Per CCData, the decreased crypto trading activity was despite Grayscales recent success against the U.S. Securities and Exchange Commission (SEC). According to the firm, the legal victory failed to spur a meaningful accumulation of crypto assets. The firm wrote:　　“The trading volumes on centralised exchanges have remained low since April this year and are now comparable to the stagnant trading activity in the bear market of 2019.”　　While Binance continues to lead in spot trading volume with $183 billion, it‘s noteworthy that the exchange’s market share has declined consistently for six consecutive months, now resting at 38.5%—its lowest point in the past year.　　Binance‘s recent setbacks can be primarily attributed to regulatory and legal issues, which have prompted significant changes within the company’s top leadership. Several

2023-09-08Industriya

Riot, MARA, Argo Blockchain stocks at risk as BTC forms death cross

Balita ng Ethereum ng Bitcoin　　Bitcoin mining stocks have dropped sharply from their highest levels this year.　　Bitcoin price is about to form a death cross pattern on the daily chart.　　The US dollar index is forming a golden cross pattern.　　Riot Platforms and Marathon Digital stock price remained under pressure as Bitcoin and other cryptocurrencies retreated. The RIOT shares were trading at $11.13 on Thursday, ~45% below the highest level this year. Similarly, MARA shares retreated to a low of $12.14, ~38% below the YTD high.　　Bitcoin mining stocks have been in a downward trend in the past few days as concerns about cryptocurrencies continued. Precisely, they have dropped sharply as Bitcoin has dropped from the year-to-date high of $31,000 to $26,000.　　Sadly, the situation could get worse since Bitcoin is about to form a death cross pattern. This pattern happens when an assets 200-day and 50-day exponential moving averages (EMA) are about to make a crossover. In most periods, the death cross is usually followed by more downsides.　　Notably, the US dollar index (DXY) is also about to form a golden cross pattern, pointing to more upside in the near term. If this happens, it means that the dollar index will rise to over $106.

2023-09-08Bitcoin

Binatikos ng upuan ng Ripple Labs si Biden, Gensler dahil sa pagiging screw up sa crypto

The United States legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder, Chris Larsen.　　Speaking to Bloomberg on Sept. 7 about his firms July partial victory over the Securities and Exchange Commission, Larsen argued the regulator lost on “everything that was important to [it] and important in the regulation of the industry.”　　“The U.S. screwed up here on crypto and blockchain policy. This is the beginning now through the courts, unfortunately instead of through regulators, to get that clarity and get us back in the game.”　　Larsen also commented on the latest court judgment in favor of Grayscale over its application to convert its Bitcoin (BTC) trust into a spot Bitcoin ETF, noting it “really admonished the SEC […] in a way that you dont really see very often.”　　I sincerely hope we‘re seeing the beginning of the end of the SEC’s policy of regulation by enforcement. The Courts are rejecting it, and now its time for Congress to take the lead on crypto policy.　　salamat @EdLudlow @teknolohiya for the chat! 　　- Chris Larsen (@chrislarsensf) Septiyembre 6, 2023　　Larsen argued the ruling was proof that SEC Chair

2023-09-08Industriya

Fintech owner laundered millions with bitcoin for finger cutter drug lord, police say

Belgian authorities have accused a London fintech business owner of using Binance to help launder hundreds of millions of euros into bitcoin for the benefit of criminals, including a Belgian drug lord known as the “finger cutter” and a Brazilian drug kingpin equivalent to Pablo Escobar.　　As reported by Bloomberg, Belgian authorities are seeking to extradite 38-year-old Caio Marchesani from the UK. Marchesani “knowingly and intentionally” laundered the funds of international drug traffickers into bitcoin, authorities say. Two of Marchesanis alleged clients were Flor Bressers and Sergio Roberto De Carvalho.　　Bressers, a.k.a. the “finger cutter,” was a notorious drug lord who used pruning sheers to slice off a criminal‘s fingers whilst also kidnapping and beating up a Dutch florist who failed to transport his drugs. Marchesani is accused of managing 14 Binance accounts on Bressers’ behalf before he was arrested in February 2022.　　A Binance spokesperson said the crypto exchange has given “practical operational assistance” to authorities in relation to the investigation.　　Carvalho was known as “the Brazilian Pablo Escobar.” He was the kingpin for an international drug trafficking operation and was arrested in June, 2022. Carvalho was charged with money laundering, falsifying documents, staging his own death, and homicide in pursuit of drug

2023-09-07Bitcoin

Binances 10th Proof of Reserves shows BTC, ETH, and USDT assets!

Bitcoin EthereumIpinapakita ng 10th Proof of Reserves ng Binance ang mga asset ng BTC, ETH, at USDT!52 segundo ang nakalipasBalita ng Ethereum ng Bitcoin May-akda:　　Si Mustafa ay sumusulat tungkol sa Blockchain at crypto mula nang maraming taon. Siya ay may dating karanasan sa pangangalakal at nagtatrabaho sa industriya ng Fintech mula noong 2017.　　Leading cryptocurrency exchange Binance has released its 10th proof of reserves, revealing some impressive numbers. One user deposited around 588,000 BTC, while another added 3.89 million ETH (down 4.3% from the previous report). However, the most eye-catching growth was in USDT, with user assets reaching 15.44 billion, a 1% increase from the previous report. These statistics provide important insights into the health of the cryptocurrency market and suggest continued optimism among traders and investors.

2023-09-07Ethereum

MetaMask Unveils New Feature Allowing Users to Sell ETH for Fiat

Ethereum　　MetaMask Unveils New Feature Allowing Users to Sell ETH for Fiat　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　MetaMask introduces the “fiat-off-ramp” feature on the platform by allowing users to convert their ETH holdings to fiat currency.　　On Tuesday, September 5, the popular cryptocurrency wallet MetaMask announced that it had launched a new feature that would allow users to sell ETH for fiat currency.　　In a post on X (formerly Twitter) on September 5, MetaMask announced that users with crypto wallets connected to the Portfolio decentralized application could now convert their Ether (ETH) holdings, with the ticker currently at $1,632, into fiat currency and transfer it to their bank accounts.　　This service is initially available for users in the United States, United Kingdom, and select parts of Europe. While the initial rollout focuses on ETH, MetaMask has plans to extend this functionality to “native gas tokens on layer 2 networks” in the future.　　Kami ay higit na nasasabik na ipahayag ang aming pinakabagong tampok: Ibenta.　　Oo, tama ang nabasa mo. Magagamit sa MetaMask Portfolio, ang Sell ay nagbibigay-daan sa iyo na i-cash out ang iyong crypto para sa fiat currency nang madali.　　This groundbreaking development simplifies the conversion process and enhances the user experience by eliminating the

2023-09-07Ethereum

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