The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of […]
Read MoreDay: September 5, 2024
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […]
Read MoreBullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s […]
Read MoreNexo Reopens UK Registrations With Enhanced User Protections
Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […]
Read More86 Million Tokens Set for Distribution in Eigenlayer’s Season 2 Stakedrop
The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions to the ecosystem, and early support for the project. Eigen Foundation Announces […]
Read MoreBitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]
Read MoreA Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC and ETH still lag […]
Read MoreGOMINING Token Review: Exploring Fundamental and Technical Factors
Given the volatility of the crypto market, the opportunity for cryptocurrencies to skyrocket in value comes with an equally significant risk of them plummeting. This reality forces investors and users to identify tokens that are less likely to lose their value suddenly. According to Statista, as of August 2024, there were over 10,000 active cryptocurrencies, […]
Read MoreBitcoin Miner Iris Energy Increases Mining Output by 10%
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy […]
Read MoreTrump Leads Harris by 7%, Wins Majority of Swing States, Polymarket Betting Shows
According to recent Polymarket data, former President Donald Trump is ahead of Vice President Kamala Harris by seven percentage points as of Sept. 5, 2024. Polymarket’s betting on six key swing states shows Trump leading in four, including Arizona, Georgia, Pennsylvania, and Nevada. Trump Holds 7% Lead Over Harris on Polymarket, General Polls Show a […]
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