Day: September 13, 2023

US Core Inflation Higher than Expected in August as CPI Continues Monthly Increase

Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the consumer price index (CPI) rose 0.6%, seasonally adjusted, up 3.7% from the same period last year. Economists polled by Dow Jones had predicted that the CPI would increase by 0.6%. However, the prediction for the increase from last August…

Cosmos Hub upgrades to offer liquid staking

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Cosmos Hub, a blockchain part of the Cosmos Network, has been upgraded to launch a liquid staking module, enabling users to bypass the previous 21-day unbonding period by unstaking ATOM (ATOM) funds.  ATOM is the native token of the Cosmos network. Before the upgrade, ATOM holders had a locking period of 21 days to move their funds after unstaking the token. With the new module, staked ATOM can be used in the Cosmos decentralized finance (DeFi) ecosystem without compromising yields from staking. The staking process involves users holding their tokens…

Premia Blue, the Future-Proof DeFi Options Exchange, Is Now Live on Arbitrum

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September 13, 2023 – Road Town, British Virgin Islands Premia Blue, the first-of-its-kind DeFi options exchange, is now live on Arbitrum. Designed for traders and liquidity providers across all experience levels, Premia Blue offers unparalleled capital efficiency, user functionality and composability in the DeFi space. Traders are now open to fully customizable European-style crypto options with market-driven pricing and dual trading modes – AMM and Orderbook. It’s the only options platform in DeFi where products are composable no matter the preferred trading method. Premia Blue opens the world to traders…

The Protocol: The CFTC Is Cracking Down on Crypto

The U.S. Commodity Futures Trading Commission placed a trio of decentralized crypto platforms into its crosshairs last week. An aggressive set of charges from the CFTC – which zeroed in on how the trading platforms handle certain kinds of third-party token swaps – contrasted with the regulator’s more lenient image. Source

Analyst Sounds Buy Alarm For Bitcoin, But There Is A Catch

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Bitcoin (BTC) soared by over 5% on Tuesday to trade above $26,000 for the first time this week. A major contributor to this price rise was an increase in positive sentiment around the token as a result of Franklin Templeton, a $1.45 trillion asset manager, filing for a spot bitcoin ETF with the US Securities and Exchange Commission (SEC) However, as the market euphoria dies down, the premier cryptocurrency has experienced some market recorrection, with many investors now speculating on the token’s next movement. On this note, popular crypto analyst…

Ethereum’s Buterin Sees Growing Asia Presence in Blockchain Tech

“When the average crypto Twitter person says, ‘Oh, Asia is back,’ they’re really referring to hundred-millionaires buying your favorite dog coins or whatever,” Buterin said, referring to tokens like SHIB of the Shina Inu blockchain ecosystem, which in turn was a knockoff of Dogecoin’s DOGE. “But I feel like, here, there is an Asia degree of deep community and technical involvement that is unlike anything I’ve seen before Covid or before any of the recent bubbles.” Source

SEC charges company behind Stoner Cats NFT series with unregistered securities sale

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Stoner Cats 2 LLC (SC2), the company behind the Stoner Cats animated series, has agreed to a cease-and-desist order and other measures imposed by the United States Securities and Exchange Commission (SEC) after being charged with conducting an unregistered offering of crypto asset securities in the form of nonfungible tokens (NFTs).  According to the SEC, SC2 sold more than 10,000 NFTs for about $800 a piece. The sale took 35 minutes and occurred on July 27, 2021. Proceeds were used to fund the series. The NFTs allowed purchasers to view…

How Much Crypto Has Been Lost In The CoinEx Hack So Far

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On Tuesday, September 12, centralized crypto exchange CoinEx became the latest victim of a hack. At the time of the reports, over $27 million in crypto had already been carted away by the attackers. However, almost 24 hours later, the reports rolling in suggest that the exchange may have lost double the amounts that were originally reported. CoinEx Crypto Losses Rise To $55.5 Million The initial reports for the CoinEx hack showed that the attackers were able to move around $27.8 million from the exchange. But as investigators dig further…

Bitcoin at $25K: Discount or disaster?

In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Bitcoin’s (BTC) latest bounce at $25,000, which some analysts and influencers argue represents a short-term buying opportunity. Pechman explains that Bitcoin’s inverse correlation with the U.S. Dollar Index has only held for 40% of the previous 20 months, meaning it is likely not a good metric to anticipate price movements. The show then shifts focus to a recent Glassnode report revealing that the amount of BTC changing hands is at its lowest since October 2020, citing…