Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
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Fed’s Waller says banks, non-banks should be allowed to issue stablecoins
Federal Reserve Governor Christopher Waller also expressed confidence in the private sector to develop stablecoin solutions.

Spartan Protocol exploit results in loss of $30M
The price of SPARTA token plunged 30% on Sunday as details of the attack came to light. 1095 Total views 11 Total shares Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. The exploit targeted a “flawed…

Aave launches open-source platform for social networking DApps on Polygon
The announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company. 115 Total views 16 Total shares Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on…

Zimbabwe central bank ironing out wrinkles in new currency
The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews.

India plans to use crypto tokens in upcoming native web browser
Feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology. 96 Total views 1 Total shares The citizens of India might get an option to sign documents digitally through crypto tokens. Such feature is envisaged in the project of national web browser, cherished by the Ministry…

Silvergate Bank Plans to Offer Cryptocurrency-Collateralized Loans
The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes:“We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer…

Italian Red Cross Builds COVID-19 Medical Post With Donated Bitcoins
On April 5, Italy’s “blood donation day,” the Italian Red Cross constructed an advanced medical post using funds generated through a crypto fundraiser.The Italian Red Cross has raised nearly $32,000 through cryptocurrency donations in less than one month. Roughly $22,000 has been used to finance the construction of the initiative’s first advanced medical post in…

ACX’s parent company Blockchain Global collapses owing $15M
Investors are worried the may not be able to recoup their funds from ACX, now that parent company Blockchain Global has entered voluntary administration. 290 Total views 3 Total shares Blockchain Global (BGL), the parent company of the now-defunct Australian crypto exchange ACX, has collapsed with outstanding debts of $15 million. On Sept. 13, The…