Day: September 20, 2023

Elon Musk’s Neuralink Recruiting Subjects for Human Trials

The neurotech company has revealed that it plans to cover “study-related costs” such as transport to and from the yet-to-be-disclosed study location.  Elon Musk’s neurotechnology company Neuralink has announced that it has been approved by an independent board to commence recruiting test subjects for its brain implant for patients with paralysis as part of its six-year study. This comes after the company’s FDA approval for human trials. The company is now seeking to recruit individuals with quadriplegia due to cervical spinal cord injury or amyotrophic lateral sclerosis (ALS) who are…

Former UK politician says crypto exchanges pressed him

The former FCA chairman claims he faced “political pressure” to welcome crypto firms, which are now under criminal investigation by U.S. authorities. Charles Randell, a former chairman of the UK’s Financial Conduct Authority (FCA), said he was under “political pressure” when he had to decide whether he should give the green light to some crypto firms to work in the UK. According to a report by The Guardian, Randell noted during his speech at a conference held in London that the US Department of Justice is investigating those crypto firms.…

SEC Pursuits of Crypto Exchanges for Violating Laws

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The U.S. Securities and Exchange Commission (SEC) is showing no signs of slowing down in its efforts to enforce securities laws within the cryptocurrency space, according to David Hirsch, the head of the agency’s Crypto Assets and Cyber Unit. Speaking at the Securities Enforcement Forum Central in Chicago, Hirsch emphasized the SEC’s commitment to scrutinizing crypto exchanges and decentralized finance (DeFi) projects, following the recent legal actions against Coinbase Inc. and Binance. Hirsch’s enforcement office has been unusually active, and he made it clear that they are actively investigating other…

Ethereum ICO Participant Moves $9,960,000 Worth of ETH to Crypto Exchange Kraken: On-Chain Data

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An original Ethereum (ETH) investor deposited 6,000 ETH worth $9.96 million to the crypto exchange Kraken on Monday, according to the crypto tracker Lookonchain. The whale participated in Ethereum’s 2014 initial coin offering (ICO), receiving 254,908 ETH when the second-largest crypto asset was only priced at $0.31. With ETH trading at $1,647 at time of writing, that means the value of that trove of 6,000 ETH shot up by a staggering 531,361% as it sat in the whale’s care for nine years. Blockchain-tracking service Etherscan indicates that the deep-pocketed investor…

Stanford to return millions in crypto donations from FTX

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The California-based university Stanford University said it plans to return all funds it received from the now defunct cryptocurrency exchange FTX, according to a report from Bloomberg.  Stanford received a total of $5.5 million in gifts from FTX-related entities in the timespan between November 2021 and May 2022. In an email statement on Sept. 19, a university spokesperson said: “We have been in discussions with attorneys for the FTX debtors to recover these gifts and we will be returning the funds in their entirety.” The statement from Stanford clarified that…

BNB Trading Sideways – Is Stagnation Likely Until October?

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Binance Coin (BNB) finds itself in a state of limbo as it extends its sideways pattern on the lower timeframes. BNB has been treading water for nearly a month, caught in a tight range between the support at $205 and a stubborn resistance zone spanning $220 to $225.  While on-chain metrics hint at the potential for a short-term price surge, BNB bulls are grappling with the challenge of breaking free from this extended sideways pattern. As of the latest data from CoinGecko, BNB is currently priced at $216.74, with a…

Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

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Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the decision on interest rates by the United States Federal Reserve. The Federal Open Market Committee (FOMC) was due to announce its latest changes at 2pm Eastern time on the day. As Cointelegraph reported, expectations almost…

Circle Launches Its USDC Stablecoin on Polkadot Asset Hub

Circle emphasized that Circle Account and Circle APIs will exclusively facilitate the use of Polkadot USDC, natively issued within the Polkadot Asset Hub. Circle’s native stablecoin USDC, also the second-largest stablecoin by market cap, is now gearing up for a launch on the Polkadot blockchain, as it continues to expand across different blockchain platforms. On Tuesday, September 19, Circle made the official announcement of launching the USDC Coin on the Polkadot network. As per Circle’s website, Polkadot USDC is now readily accessible to developers and users. Thus, users can seamlessly…