Day: September 27, 2023

How September’s Close Could Change Everything

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Renowned crypto analyst Rekt Capital has recently highlighted the pivotal nature of the Bitcoin price’s imminent monthly candle close. In a statement via X (formerly Twitter), he detailed that Bitcoin has tagged the $27,000 monthly level from the underside, meaning it is acting as resistance for the time being. He explained that “the upcoming monthly candle close is just around the corner. Bitcoin needs to monthly close above $27,091 for this to be a fake-breakdown. Otherwise, the breakdown will be technically confirmed.” To give this statement some historical context, the…

CIA to Launch ChatGPT-Style AI Tool for Enhanced Intelligence Analysis

While the CIA is yet to reveal specific details about the model underpinning the soon-to-be-launched AI tool and its privacy safeguards, its director assured that the intelligence agency adheres closely to privacy laws in the United States.  The United States Central Intelligence Agency (CIA) is preparing to unveil its own artificial intelligence (AI) bot, similar to ChatGPT, for investigative purposes.  According to a report by Bloomberg, this innovative AI tool is designed to empower CIA analysts in accessing open-source intelligence, efficiently enabling them to sift through vast amounts of publicly…

US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise

Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ: .IXIC), S&P 500 Index (INDEXSP: .INX), and Dow Jones Industrial Average (INDEXDJX: .DJI) all faced declines, with the latter plummeting by 388 points, its most substantial single-day drop since March. Factors that Fueled the Dow’s Decline This downturn was…

Hong Kong police recover $11M worth of assets in JPEX case: Report

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The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud. During the press conference, Tang Ping-keung revealed that the police had made 12 arrests in the case so far and seized more than 8 million Hong…

Binance Hails Turkey as a Crypto Hub

Speaking to Serdar Turan, the Editor-in-Chief of CoinDesk Türkiye, in the lead up to Binance Blockchain Week in early November, Conlan said: “I think we have an enormous potential and opportunity in Web3, and it’s one of the reasons I’ve been drawn to this industry three years ago. The major reason being the penetration. If you look at the global industry, we’re only at 5% penetration globally. I know obviously here in Turkey, it’s at 12%.” Source

US Lawmakers Jump In With Demands For The SEC

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Lawmakers in the United States have finally put their foot down and demanded that the US SEC Chairman approve Grayscale’s spot Bitcoin ETF proposal “immediately.” US Congress Imposes Spot Bitcoin ETF Immediate Approval A group of four members of the United States Congress sent a letter to the United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler on Tuesday, September 26 demanding the prompt endorsement of spot Bitcoin ETFs.  The letter described major flaws in the US SEC’s rejection of Grayscale’s spot Bitcoin ETF proposal, stating that if the…

Binance Exits Russian Market, Sells Business to CommEX

The new development comes a day after CommEX officially launched on September 26, 2023. Binance, the world’s largest cryptocurrency exchange, has exited the Russian market, selling its business operations to CommEX, a digital assets trading platform. While Binance did not disclose the financial terms of the deal, the company assured its Russian users that all their assets are safe and will be securely protected during the transition process, which is expected to span up to a year. Binance to Start Migrating Users to CommEX Announcing the exit on September 27,…