Indonesia’s government plans to establish a crypto stock exchange by the end of 2022, a government minister has said, according to a report by DealStreetAsia. Source
Indonesia to Establish 'Crypto Stock' Exchange by 2022-End: Report
Day: September 1, 2022
Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory
The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. ETH currently trades below the $1.6K level Ethereum price nosedives by 1.24% or trading at $1,570.76 ETH liquidations trigger price spike Investors are debating whether or not the price of Ethereum will reach $3,000 since it is on everyone’s mind and a topic of conversation. When the Ethereum Blockchain and Beacon Chain fuse together on September 22, 2022, the Ethereum Blockchain will switch…
Bitcoin Mining Middleman Compass’ Georgia Facilities to Close as Energy Prices Soar
The Texas facility has experienced troubles of its own. Its connection to the electricity grid was delayed so had to run on generators for a while. Those, however, weren’t operating all the time because of heat and other reasons, Heller said, leading to downtime for the mining rigs. In July, Compass offered to move the Texas machines to Georgia because of the site’s low uptime. Compass later said it wouldn’t proceed with the move, citing the high energy prices in Georgia. Source
Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox
The Digital Dollar Project (DDP), a non-profit organization advocating for a U.S. central bank digital currency (CBDC), is starting a technical sandbox to explore technological, business and policy solutions for a digital dollar, according to a Wednesday press release. Source
California State Assembly passes bill for licensing and regulating crypto firms
Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely. This bill requires digital asset exchanges and crypto companies to have an operating license given by the state of California’s Department of Financial Protection and Innovation. Any operations outside of said license will be prohibited. It would come into effect on and after Jan. 1,…
"YIKES!" (4 BEARISH ETHEREUM SIGNS FOR WEEKEND CRASH) ETHEREUM PRICE PREDICTION ($1000 SOON?)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ♥️ Subscribe for videos like this 🙂 In this video, I’ll show you 4 bearish technical analysis patterns that could bring Ethereum crashing down over the weekend. Now, are there bullish patterns as well in the mix yes, but these are the obvious patterns that are staring every trader in the face right now as we enter into the weekend. Get all the indicators you saw in today’s video below! Remember, get the bundle pack first, and then you’ll get a “special…
Bitcoin price dips 14% in August as trader warns of ‘macro drop down’
Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990. A knock to bulls’ efforts to stabilize spot price, the August close was only the second monthly candle finish below the $20,000 mark (depending on the exchange used) since late 2020. BTC/USD 1-month candle chart (Bitstamp). Source: TradingView While preserving June’s close as the macro low…
Interview with Ben Caselin, Head of Research and Strategy at AAX on Bitcoin in Emerging Markets Survey
AAX in association with Forrester Research recently published the findings of a survey conducted in Africa, Latin America, the Middle East and Southeast Asia on Bitcoin adoption. We asked Ben Caselin, the Head of Research and Strategy at AAX few questions regarding the survey outcome and key findings. Q: Please throw some light on the recent study on Bitcoin Adoption conducted by AAX A: Emerging markets such as Africa, Latin America and the Middle East have shown increased potential and interest to AAX as these regions are the primary locations…
Crypto Asset Manager Babylon Finance Will Shut Down After Failing to Recover From Rari Hack
As such, the Babylon team was vying to reach $50 million in user-supplied assets, following which it would become sustainable due to the fees charged to users in return for the yields offered. The Rari exploit, coupled with a steep fall in BABL token prices, led to “the point of no return” for Babylon as a sustainable protocol, said. Source
Crypto Asset Manager Babylon Finance Will Shutdown After Failing to Recover From Rari Hack
As such, the Babylon team was vying to reach $50 million in user-supplied assets, following which it would become sustainable due to the fees charged to users in return for the yields offered. The Rari exploit, coupled with a steep fall in BABL token prices, led to “the point of no return” for Babylon as a sustainable protocol, said. Original Source AssetBabylonCryptoFailingFinanceHackManagerRARIRecoverShutdown CryptoX Portal