Celsius CEO Alex Mashinsky recently proposed revamping the failed crypto lending business as a digital asset custody firm, according to a New York Times report. Source
Celsius CEO Mulls Crypto Custody Pivot After Lending Business Imploded: Report
Day: September 13, 2022
Hyperledger announced new members at commencement of global forum
Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022. Ahead the event on Monday, the Foundation announced the addition of eight newest members to its international community, namely: CasperLabs, Realto Group, BCW Group, Banque de France, Central Bank of Nigeria, Digital Identity Laboratory of Canada, International Association For Trusted Blockchain Applications (INATBA) and DSR Corporation. Daniel Barbosa, Executive Director at Hyperledger Foundation, and General Manager of Blockchain, Healthcare, and Identity at the Linux Foundation, shared that: “Hyperledger…
Blockchain.com Lists TRX in Its Wallet and Exchange
September 13, 2022 – Geneva, Switzerland Blockchain.com has listed TRON’s native utility token TRX on its platform. Multiple incentive programs will be featured, including one that allows users to earn up to eight percent in annual rewards for users who hold their TRX in a Blockchain.com rewards account. TRX is available to send, receive, buy, sell, swap and earn rewards in the Blockchain.com wallet and to deposit, trade and withdraw on the Blockchain.com exchange, making TRX more accessible for people to use worldwide. With this addition, Blockchain.com is striving to…
Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot
Prices for risky assets tumbled after the CPI release, with bitcoin falling from $22,700 to nearly $21,000. Ether, the native token of Ethereum’s blockchain, tanked from $1,760 to $1,594, in a sign of the macroeconomic development overpowering the bullish narrative surrounding that blockchain’s Merge – an expected transition this week to a more energy-efficient blockchain system. Source
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US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’ – Economics Bitcoin News
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of 8.3%, According to the Latest CPI Report U.S. inflation numbers for August are in, according to the calculations recently published by the U.S. Bureau of Labor Statistics. The Bureau of Labor Statistics wrote on Tuesday…
Crypto Options Trading Startup Synquote Raises $2.8M From Initialized, Polygon
Synquote, a self-styled decentralized exchange (DEX), plans to support the buying and selling of options in over 500 generally illiquid instruments atop layer2 Polygon, Avalanche and BNB Chain. It unlocks the liquidity by letting traders source options quotes directly from market makers – a first in decentralized finance, according to Imran Khan, whose startup accelerator AllianceDAO incubated Synquote and is also investing in the round. Source
US Treasury Explains How Americans Can Recover Crypto Locked in Tornado Cash
“U.S. persons should be prepared to provide, at a minimum, all relevant information regarding these transactions with Tornado Cash, including the wallet addresses for the remitter and beneficiary, transaction hashes, the date and time of the transaction(s), as well as the amount(s) of virtual currency. OFAC would have a favorable licensing policy towards such applications, provided that the transaction did not involve other sanctionable conduct,” the FAQs said. Source
Linux Foundation Project Will Tackle Digital Wallet Interoperability
Founded in 2000, The Linux Foundation and its projects are backed by more than 3,000 members such as tech giants Intel, Microsoft, Google and Meta Platforms. Blockchain-related members include storage platform 0Chain, Algorand and enterprise-optimized blockchain developer Casper Labs, according to the foundation’s website. The Linux Foundation is behind the popular open-source operating system Linux and Hyperledger, a nonprofit focused on the development of enterprise-grade blockchain infrastructure. Source
LTC Hits Highest Point Since June, as APE Climbs to 3-Week High – Market Updates Bitcoin News
Litecoin rose to a three-month high in today’s session, following a breakout of a key resistance level. The move took place prior to the release of U.S. inflation data, which fell to 8.3% in August. However, following the release, which was higher than expected, earlier gains eased. Apecoin also hit a multi-week high in today’s session. Litecoin (LTC) Litecoin (LTC) climbed to a three-month high on Tuesday, as the token moved beyond its $64.50 resistance level. Following a low of $60.39 to start the week, LTC/USD rallied to an intraday…