Utah House committee passes bill for state to buy crypto
The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.
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OKEx users express frustration over suspended withdrawals
“It's a bit weird one of the biggest exchanges in the world isn't letting us withdraw money for so long,” said one crypto Twitter user. 1371 Total views 11 Total shares Major exchange OKEx suspended crypto withdrawals on Oct. 16. With little information coming from the firm or its CEO Jay Hao in the time…

US Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close Higher
The Dow and S&P 500 fell early in the day, but rebounded to end the day positive. 91 Total views 2 Total shares October 9, 2023US markets demonstrated resilience on Monday, initially succumbing to concerns over the escalating Israeli-Gaza conflict, but rebounding later to close in the green. The Dow closed up 0.5%, at 33,604.65.

Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility
Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network. One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and…

Past rate cuts indicate potential crypto bull market catalyst — 21Shares
The US Federal Reserve is expected to begin lowering its benchmark interest rate in September.

Singapore state investor leads $100M round for crypto firm Animoca: Report
Both parties participated in a $200 million funding round for the Australian NFT Immutable in March 2022. 473 Total views 24 Total shares The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players.Singapore state-owned investment firm Temasek is joining…

Ripple co-founder signs letter endorsing Harris for president
Previously, former Ripple’s board member Gene Sperling left the White House to join Kamala Harris’ 2024 presidential campaign.

Evergrande crisis: Buy the dip or bail? Pundits weigh in
As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcy could impact the legacy and crypto markets. Speculation as to whether the real estate investment giant will default has coincided with a downturn across the crypto and stock markets, leaving…

Crypto transactions surge 706% in Asia as institutional adoption grows — Chainalysis
When it comes to cryptocurrency transactions, the region of Central and Southern Asia and Oceania, or CSAO, is growing rapidly. 850 Total views 38 Total shares Emerging markets across Central and Southern Asia have registered a dramatic uptick in cryptocurrency transactions, highlighting a diverse range of motivations among locals for gaining exposure to digital assets…