Day: September 20, 2023

Meta launches metaverse game, Bitcoin Ordinals creator proposes numbering change: Nifty Newsletter

boss

In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other news, the United States Securities and Exchange Commission (SEC) has charged NFT collection Stoner Cats with offering unregistered securities.  Meta’s Horizon Worlds launches on mobile and web in early access Meta has announced it has…

Bitcoin price tests $27K support as Fed holds interest rates at FOMC

boss

Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open Market Committee (FOMC) opted to keep rates at their previous levels set in July this year. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run,”…

SEC Suffers Blow in Lawsuit Against Binance.US After Judge Denied Request To Probe Exchange’s Software: Report

boss

A US federal magistrate judge is reportedly choosing not to grant the U.S. Securities and Exchange Commission (SEC) permission to inspect the technological infrastructure of Binance’s American affiliate, a setback for the regulator. A new report from Bloomberg indicates the SEC asked Magistrate Judge Zia M. Faruqui on Monday for permission to search through Binance.US’s software, but Faruqui shot down the idea, saying he was not inclined to permit the inspection “at this time.” The judge told the regulator to come back with more specific requests, according to Bloomberg. The…

ICO issues half a million pounds in new fines as fight to tackle illegal nuisance calls continues

The Information Commissioner’s Office (ICO) has issued fines totalling £590,000 to five companies for collectively making 1.9 million unwanted marketing calls which targeted the elderly and people with vulnerabilities. This latest action is part of a wider crackdown to tackle rogue companies using pressurised sales techniques to sell insurance for white goods, such as washing machines and fridges, and other household appliances, including TVs. £1.45 million in fines have now been issued by the ICO since October 2021 to 16 companies for making illegal, unwanted marketing calls, many to people…

Troubled crypto exchange JPEX applies for deregistration in Australia

boss

Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia. According to a filing seen by Cointelegraph on Sept. 20, Jieyi Chen, director of JP-EX Crypto Asset Platform PTY LTD (JPEX), has filed a deregistration application with the Australian Securities and Investment Commission. In the filing, JPEX claims that all members of the company agree to the deregistration, the company is no longer carrying business, its assets do not exceed $1,000 Australian dollars, and it carries no liabilities. On Sept. 13, during the Token2049 conference in Singapore, the…

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

boss

On the back of its partial victory against the US Securities and Exchange Commission (SEC), Grayscale has applied to the Commission for another Ethereum Futures Exchange-Traded Fund (ETF). Why Another ETH Futures ETF? According to a report by the Wall Street Journal (WSJ), Grayscale Investments filed this application on September 20. This development may come as a surprise to many, considering that the asset manager had filed an earlier application to offer this same investment vehicle. As such, this will represent its third application (Grayscale withdrew its first application due…

One Year After ‘The Merge’, Developers Tackle Validator Sprawl with EIP-7514

CROWD CONTROL: Ethereum has been so successful in attracting new validators for its proof-of-stake blockchain that the network is now starting to suffer from sprawl. There are nearly 800,000 active validators on the network, up about 41% since April’s “Shapella” upgrade, when withdrawals of staked ETH were first allowed, according to a Sept. 14 report by Galaxy Research’s Christine Kim. Based on certain assumptions, the number is on track to hit 1 million by mid-November and 2 million by June 2024. “Ethereum is getting close to reaching an unsustainable number…

TON Continues To Shine With Impressive Gains, Is $3 Possible?

boss

TON has gained 1% today, September 20. It trades at $2.47 with a 30% seven-day price increase. Also, TON’s price gains confirm the entrance of buyers and an accumulation phase, which will likely continue to push the rally. TON’s price gains in the past week are likely a result of its integration with Telegram. This integration exposes TON to approximately 800 million users on Telegram, leading to a spike in its price.  TON Faces Resistance At $2.58; Will The Buyers Trigger A Breakout? TON is on an uptrend today, building…