Day: September 7, 2023

Celsius Network Files Complaint against EquitiesFirst as It Seeks to Recoup Assets

Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022. Bankrupt crypto lender Celsius Network has accused Indianapolis-based EquitiesFirst Holdings of owing it some undisclosed amounts. That is according to a September 6 adversary complaint that was filed by Celsius. Although sealed, the title of the docket under which the complaint was filed reveals that Celsius may be seeking an injunction in line with its bid to recover some of its assets. Additionally, the filing also names both EquitiesFirst and its CEO Alexander Christy…

Could A Breakout Push Prices Above $0.6?

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XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit the $0.5 mark, leaving investors in a state of uncertainty.  With a current price of $0.502574 according to CoinGecko, XRP is experiencing a minor 0.3% decline in the last 24 hours, contributing to a seven-day slump of 4.8%. However, a recent price report has sparked hope among XRP enthusiasts, suggesting a potential rebound that could change the game for this digital asset. The report indicates that a potential…

Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list

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The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives leaving Binance amid growing regulatory troubles has been a key talking point in the crypto community. The latest to join the list is Helen Hai, the executive vice president of the crypto exchange, who announced her resignation from her post on Sept. 6. On…

IMF, FSB release joint policy recommendations for crypto assets

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The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 presidency. The organizations have created the paper to combine the standards and consolidate collective recommendations to provide guidance and help various jurisdictions address risks associated with crypto asset activities. The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). It also describes how regulatory frameworks and policies developed by both the IMF and the FSB can interact and fit together. However,…

Chainlink Price Prediction For September: Buy LINK Now?

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Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued. Will Uptober Start Early For Chainlink? A significant factor that might be driving this price action is the behavior of LINK’s major holders. On-Chain analysis firm, Santiment, highlighted this in a recent tweet, stating: “Chainlink’s key shark tier that holds between 10K-100K LINK has been on an accumulation spree.” Diving deeper into the data, there are now 3,127 wallets holding between 10,000-100,000…

Marketing company wants 90% of Japanese population on Web3: KBW 2023

Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain.  Cointelegraph’s Andrew Fenton interviewed Nick Mussallem, Ava Labs’ head of product at the Korea Blockchain Week 2023, held in Seoul, South Korea. The duo spoke about various topics including the recently announced partnership with blockchain services provider PlayThink and Japanese points service provider Loyalty Marketing to onboard more than…

Palau to freeze USD-backed stablecoin after pilot launch in July

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Palau, a country in the western Pacific Ocean, is wrapping up its United States dollar stablecoin project after launching the pilot in August. Jay Hunter, a Palau Ministry of Finance member and head of the digital residency program, took to X (formerly Twitter) to announce that the government will cease the distribution of the Palau Stablecoin (PSC) on Sept. 8. Following the distribution halt, Palau Stablecoin will also be frozen after Sept. 15, becoming unavailable for spending by users, Hunter said, noting: “After Sept. 15, you will no longer be…

Bitcoin price gains traction as whale activity hikes

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has been consolidating below the $26,000 mark over the past week as the global crypto market condition turned red. However, with the recent market-wide bullish momentum, BTC whale activity and social dominance have witnessed a significant spike. Bitcoin is up by 0.03% in the past 24 hours and is trading at $25,755 at the time of writing. BTC price, whale activity, supply on exchanges and active addresses – Sep. 7 | Source: Santiment The…