Day: September 3, 2023

Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator

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Decentralized finance (DeFi) gave birth to a wide range of financial services that aim to challenge what traditional finance (TradFi) offers. However, the user experience persists as a major issue hindering the widespread adoption of DeFi apps and solutions. For years, the DeFi ecosystem has been seeking an entry point that can onboard the next wave of users to decentralized apps. One potential solution is a financial technology (fintech) app that’s catered toward TradFi users and also offers easy-to-use DeFi functionality. This way, users can realize that self-custody, a practice…

Bitcoin chart highlights $24.7K as analyst says ‘nothing has changed’

Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as analysis brushed off overly bearish trader sentiment. BTC/USD 1-day chart. Source: TradingView BTC price weekly close puts $25,900 in focus Data from Cryptox Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. An absence of direction provided a solid sense of deja vu for market participants, with similar behavior seen toward the August monthly close. With all traces of last week’s two volatility events — involving crypto asset manager…

Bitcoin chart highlights $24.7K as analyst says ‘nothing has changed’

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Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as analysis brushed off overly bearish trader sentiment. BTC/USD 1-day chart. Source: TradingView BTC price weekly close puts $25,900 in focus Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. An absence of direction provided a solid sense of deja vu for market participants, with similar behavior seen toward the August monthly close. With all trace of last week’s two volatility events — involving crypto asset manager…

Hodler’s Digest, Aug 27 – Sept 2 – Cointelegraph Magazine

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Top Stories This Week Grayscale wins SEC lawsuit for Bitcoin ETF review Crypto asset manager Grayscale Investments recently scored a big win in its battle against the United States Securities and Exchange Commission. In an ongoing effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SEC’s rejection of its recent ETF application was unfair. The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao gave…

Uniswap outperforms Coinbase in spot volumes, Maple Finance returns to Solana, Borroe attracts investor interest

Uniswap’s (UNI) spot volume has been rising since early 2023. It exceeded Coinbase’s at some point, highlighting the platform’s increasing popularity. Elsewhere, Solana (SOL) appears to be recovering after Maple Finance resumed operations on its network. Meanwhile, Borroe (ROE) early presale investors are already in green. Uniswap spot volume rising Uniswap is popular and is among several projects that are setting the pace in decentralized finance (defi).  UNI prices have been under pressure, especially in the second half of August 2023. Since Aug. 17, prices are down by over 27%.  Even so,…

Attorney outlines Ripple-SEC settlement path amid Coinbase case impact

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Amidst speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement. Addressing the factors that might impact a potential settlement between the two parties, attorney Deaton pointed out the significance of the ongoing Coinbase vs. SEC lawsuit. He explained that if the judge in the Coinbase case grants the exchange’s motion to dismiss, it would indicate that token sales on…

Cathie Wood bullish on Bitcoin and AI convergence

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In a recent Twitter post, Cathie Wood, CEO of Ark Invest, expressed her positive view on the intersection of Bitcoin (BTC) and artificial intelligence (AI) In her tweet, Cathie Wood subtly hinted at the immense transformative potential inherent in the dynamic synergy between artificial intelligence and Bitcoin, emphasizing the possibilities and positive implications these technologies hold for diverse industries and the overall economic landscape. Her enthusiasm serves as a testament to the rapid and ever-evolving nature of both the cryptocurrency and artificial intelligence sectors. The convergence between Bitcoin – and…

Binance CEO CZ forecasts DeFi outgrowing CeFi in the next bull run

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Binance CEO Changpeng “CZ” Zhao predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a Sept. 1 live X Spaces (formerly Twitter Spaces), titled CZ AMA, CZ shared his thoughts on the future of DeFi. “I think the more decentralized the industry becomes, the better,” he declares, adding that it may not be long before it takes over CeFi trading volumes: “Defi is the future, the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right […]…

FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase

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FTX Debtors have disclosed a series of financial statements revealing any transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022. In a recent court filing with the United States Bankruptcy Court for the District of Delaware, several payments that directly benefited senior company executives at FTX and Alameda Research were disclosed. Specifically payments or property transfers executed within one year preceding the collapse of FTX. Court Filing in the United States Bankruptcy Court for the District of Delaware. Source: Kroll In March 2022, a transaction…