Day: September 25, 2023

Coinbase Now Registered As Crypto Exchange and Custodian Wallet Provider With Bank of Spain

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Top US digital asset exchange Coinbase has successfully registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. Coinbase says in a new announcement that the registration will let the company offer its full scope of products to retail and institutional users in Spain within regulation. Spanish users will now be able to access Coinbase’s custody services, buy and sell digital assets using fiat currency and trade crypto against other crypto, as per the announcement. Nana Murugesan, vice president of international and business development at Coinbase,…

Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL

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The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term. Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016. If they can pull it off, it will be a major sentiment booster as October generally favors the…

$200M Mixin Network hack draws controversy

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Mixin Network, a Hong Kong-based decentralized cross-chain transfer protocol, is drawing controversy over the disclosure of a $200 million hack. On Sept. 23, the database of Mixin’s cloud service provider was breached by hackers, resulting in the loss of $200 million in assets on its mainnet. Deposits and withdrawal services were immediately suspended on the protocol. However, developers said transfers would not be affected as the investigation continues. In a post on Sept. 25, Zhuoer Jiang, CEO of Bitcoin mining pool BTC.TOP, claimed that Bitcoin (BTC) stored in the Mixin protocol…

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

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Data shows the Ethereum funding rates have been quite negative in recent days. Here’s what this could mean for the cryptocurrency’s price. Ethereum Funding Rates Have Been Under The Zero Mark Recently As explained by an analyst in a CryptoQuant post, a short squeeze may be a possibility for the asset currently. The “funding rate” is an indicator that keeps track of the periodic fees that traders on the futures market are exchanging with each other. When the value of this metric is positive, it means that the long contract…

EU’s Digital Euro at Least 2 Years Away, ECB’s Christine Lagarde Says, Addressing CBDC Privacy Concerns

If “we can address all the conspiracy theories that abound about this – as if Big Brother was going to suddenly determine what you buy, when you buy it and how restricted it should be – then I think it would be characterized as a success,” Lagarde said, adding that the digital euro will need to offer privacy without full anonymity, and be user-friendly, free and universal. Source AddressingCBDCChristineConcernsDigitalECBsEuroEUsLagardePrivacyYears CryptoX Portal

Bitcoin price fights for $26K as US dollar strength hits 10-month high

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Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. BTC/USD 1-hour chart. Source: TradingView Bitcoin must preserve support now, analysis says Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory uncertain after briefly piercing $26,000 support. Sideways weekend trading soon turned sour into the new week, and upset overnight meant that bulls were unable to recoup lost ground. #Bitcoin Weekend price action wasn’t exciting until the later hours on Sunday as expected. Price held around the CME Close…

Number Of Ethereum Addresses Losing Money Just Reached A New All-Time High

Ethereum holders have been subject to uncertainty over the last few months as bulls and bears have struggled for control. With the bears winning at a much higher rate than the bulls, Ethereum holders have found their holdings have continued to lose value. This time around, the plunge has sent the number of investors losing money to a new all-time high. Number Of Ethereum Addresses In Loss At ATH On-chain data tracker Glassnode Alerts on X (formerly Twitter) has revealed a shocking development regarding Ethereum addresses. According to the tracker,…