Thai SEC Fines Bitkub Executive $235K for Insider Trading

The insider-trading case stems from an incident from last November, when the SCB acquisition plan was first announced. According to the SEC, Wajanasathian โ€“ armed with this information โ€“ bought 1.99 million Thai baht (roughly $61,000 at the time) worth of the KUB token. The price of KUB subsequently more than doubled immediately upon the public announcement. Source

Bitcoin Takes Hit after Powell Says U.S. Central Bank May Well Keep Raising Interest Rates โ€“ Blockchain News, Opinion, TV and Jobs

The the biggest cryptocurrency by market cap, has been battered this year following a huge market sell-off and the soaring global economy. Now trading at a price 70% lower than its November 2021 all-time high of $69,044.77. Ethereum, the second biggest digital asset followed suit, trading at around $1,584,82 at this time of writing. The US Fed has been raising interest rates multiple times this year in order curb inflation, which currently is at a four-decade high. The Federal Reserve Bank of Kansas City hosted dozens of central bankers, policymakers,…

BTC Back Above $20,000 as Markets Rebound โ€“ Market Updates Bitcoin News

Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600. Bitcoin Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines. BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of…

BNB Chain Introduces Liquid Staking to Provide Crypto Users Access to Additional Income Streams

Liquid staking is become more popular as Ethereum, the second-largest blockchain, proceeds toward becoming a proof-of-stake (PoS) system. Coinbase, the U.S. publicly traded crypto exchange, said last week it plans to offer its own liquid staking token, called Coinbase Wrapped Staked ETH (cbETH). It joins Lido Finance, which said in July it would soon offer staked ether on layer 2, or companion, networks. Source

FACT CHECK!! Bitcoin Mining Emissions: Why It's FUD!

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Indonesian e-commerce giant buys local crypto exchange for $8 million

Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,ย a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.ย  As reported by Reuters, the sum of the acquisition of 100% shares by the countryโ€™s โ€œbiggest tech firmโ€ came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media. GoTo didnโ€™t reveal any specific plans for PT Kripto…