September 2023 | Page 34 of 209 | Last Cryptocurrency News Feed

Pro Ripple (XRP) Lawyer Baffled With This Latest SEC Decision

John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed

Cointelegraph Feed

Gemini invests $24M for expansion in India

Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. 153 Total views 2 Total shares Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India.According to the Sept. 26 announcement, the funds will be used to grow Gemini’s development center in Gurgaon. The exchange said: “Our teams

Cryptocurrency News Feeds

Crypto Fuels Illicit Fentanyl Trade, Report Reveals

Elliptic, a leading blockchain analytics firm, has uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade by smuggling the precursor chemicals needed to synthesize fentanyl. The criminals have also been using cryptocurrency, specifically Bitcoin, Ethereum, Tron, and Monero, to make payments, facilitating the transfer of funds from buyers to suppliers, with the

CoinDesk Feed

Binance’s Liquid Staked Ether Jumps to $1.2B in TVL After Sudden $500M Inflow

Binance’s liquid staking ether saw a sudden $500 million burst of inflows over the weekend, pushing its total locked value (TVL) to $1.2 billion, according to DefiLlama.Blockchain data shows that a total of 318,180 wrapped Binance ETH (WBETH) derivative tokens – worth $502 million – were minted on Saturday and Sunday in five, roughly equal

CoinDesk Feed

Bitcoin Barely Holds $26K as Interest Rate Surge Continues

The price of bitcoin (BTC) remained under pressure at $26,200 on Tuesday as the idea of higher rates for a longer period takes hold throughout financial markets. The broad CoinDesk Market Index (CMI) is down 0.6%, modestly underperforming the decline in bitcoin.The U.S. 10-year Treasury yield moved up to 4.55%, matching its highest level in

Cointelegraph Feed

US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market

Cointelegraph Feed

Do Bitcoin halvings spark BTC price rallies, or is it US Treasurys?

The relationship between Bitcoin’s price and U.S. Treasury yields has long been considered a strong indicator due to historical data and the underlying rationale. Bitcoin halvings vs. 10-year Treasury yieldsIn essence, when investors turn to government-issued bonds for safety, assets like Bitcoin (BTC), which are considered risk-on, tend to perform poorly.A noteworthy chart shared by

Cointelegraph Feed

Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments

After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well. 457 Total views 1 Total shares Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new

Cryptocurrency News Feeds

OKX Releases 11th Proof of Reserves Report With Over $11.2B in Primary Assets

The Seychelles-registered cryptocurrency exchange OKX released its 11th consecutive monthly Proof of Reserves (PoR) report which encompasses 22 commonly used digital assets and shows balances of $11.2 billion in primary assets. OKX is the only crypto exchange that has made it a ritual to publish PoRs for almost a year with which the platform revealed witnessed

CoinDesk Feed

Almost All Crypto Employees Take Pay in Fiat, Pantera Study Finds

Many crypto-industry employees believe that cryptocurrencies will eventually play a much larger role in the overall financial and payments system.For now, though, almost all of them take their salaries in government-issued currencies, or "fiat" in the industry lingo.Some 97% of people in the nascent industry are paid a base salary in fiat, while only 3%