Month: September 2023

Fireblocks launches non-custodial wallet-as-a-service – CryptoX

Fireblocks launched a non-custodial wallet-as-a-service aimed at catering to businesses across various sectors, reflecting a broader industry trend towards user-controlled digital assets. Fireblocks introduced a non-custodial wallet-as-a-service (WaaS) tailored for various sectors, including brands, corporates, fintechs, and web3 businesses today, Sept. 11. This development is noteworthy as it reflects a larger industry trend toward user-controlled assets, particularly in light of challenges faced by centralized platforms like FTX. The non-custodial wallet is designed to work across multiple platforms, including iOS, Android, and web browsers, facilitated by a software development kit. While…

Bitcoin Price Prints Bearish Technical Pattern, Why It Could Drop To $24K

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Bitcoin price broke the key $25,350 support. BTC is now consolidating near $25,000 and remains at a risk of more downsides in the near term. Bitcoin traded below the $25,600 and $25,350 support levels. The price is trading below $25,600 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $25,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $25,600 resistance. Bitcoin Price Breaks Key Support…

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Northern Trust (Nasdaq: NTRS) has unveiled its pioneering digital platform tailored for institutional voluntary carbon credit transactions. This initiative, deeply rooted in private ledger digital blockchain technology, is poised to revolutionize the carbon credit market. By bridging the gap between institutional buyers and project developers, Northern Trust aims to streamline and digitize the traditionally complex carbon credit transaction process. For years, the carbon credit market has played an important role in combating global climate change, enabling companies to counterbalance their carbon footprints by funding eco-friendly initiatives. Yet, this market has…

Bitget announces further $100M fund for ecosystem development

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Crypto derivatives platform Bitget has announced a new fund focusing on growing its ecosystem and investing in regional exchanges, analytics firms, media organizations and entities that can contribute to its growth.  In an announcement sent to Cointelegraph, Bitget revealed the Bitget EmpowerX Fund, which will invest $100 million into maximizing the company’s “long-term impact” in the crypto space. According to the announcement, Bitget believes that diversifying services to reach the needs of the global user base is the key to expanding the native crypto ecosystem. Gracy Chen, managing director of…

FTX’s Sam Bankman-Fried, DOJ Propose Jury Questions Ahead of October Trial

“The function of the jury is to decide questions of fact,” the DOJ’s proposed questions suggested the judge say. “You are the sole judge of the facts and nothing that the Court or the lawyers say or do may encroach in any way on your role as the exclusive fact-finder. When it comes to the law, however, you are to take your instructions from the Court, and you are bound by those instructions. You may not substitute your own notions of what the law is, or what you think it…

SEC’s Gary Gensler to hold firm on crypto enforcement in Senate hearing

Seemingly unfazed by a recent slew of court setbacks, United States Securities and Exchange Commission Chair Gary Gensler remains headstrong that his agency should be the one to reign over crypto — with plans to tell lawmakers the same on Sept. 12.  In the last two months, the securities regulator lost out to both Grayscale and Ripple — seen as a huge blow to the regulator. In his prepared testimony for the Senate Banking Committee hearing, however, Gensler will reiterate the view that crypto assets are in fact securities and should be…

Former PayPal president explores vision for Bitcoin as global payment network

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Former Meta and PayPal exec David Marcus believes Bitcoin’s underlying technology could serve as the basis for a universal financial protocol on the internet. David Marcus, currently the CEO of Lightspark, proposed a somewhat unconventional vision for Bitcoin (BTC) in a CNBC interview on Monday, Sept. 11. Known for his past roles as president of PayPal and as a leader in Facebook’s cryptocurrency initiatives, Marcus shared a vision for Bitcoin that diverges from its common perception as a store of value. Instead, he sees Bitcoin’s architecture as a foundation for…

GBTC’s Discount Narrows Amid Bitcoin’s Downturn, But A Bullish Trend Is Coming?

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The Grayscale Bitcoin Trust (GBTC) share price has again made headlines. Its premium or discount to Bitcoin’s net asset value (NAV), often viewed as an indicator of institutional sentiment towards the cryptocurrency, has displayed a notable trend recently, even amid the prevailing bearish atmosphere. GBTC’s Evolving Price Dynamics The phenomenon of GBTC’s share price inching closer to Bitcoin’s market price is worth noting. The correlation between the two has been historically significant, with price differences often shedding light on broader market sentiments. According to data from CoinGlass, a renowned crypto monitoring…

Investor who lost 8k Bitcoins in dump sues local council

An investor lost over 8,000 BTC after his hard drive was scrapped. Now, he will sue the UK council because he was not allowed to dig it up. According to The Telegraph, former engineer James Howells lost 8,000 Bitcoins (BTC) — over $205 million under the current rate — when he accidentally threw away his hard drive while cleaning his office. Howells has been trying to recover assets for the last ten years. He asked local authorities for access to the dump to find the hard drive but constantly received…