On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024. Source
Despite the challenges across the board, Hedera, a business-focused platform, especially in Q2 2024, continues to build and enhance its ecosystem further. According to a Q2 2024 review shared across X on August 19, analysts noted improvements made in the last quarter, pointing out how the platform performed relative to Q1 2024 and the broader crypto ecosystem. Hedera Developer Community Vibrant In the review, analysts observed that despite the general fluctuation in user activity, the developer community continued to thrive. The scalable ledger has over 75 full-time developers and over…
Ledn, a crypto lending firm, has secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group. This loan will be used to expand Ledn’s retail lending operations, providing additional liquidity to the crypto sector and the $1.38 trillion syndicated loan market. The collaboration highlights the growing integration of crypto assets […] Original
“Selling pressure has been building near this level since early August. Bitcoin, having added 3.2% since the start of the day and around 4.5% in 24 hours, has once again come close to testing its 50-day moving average, trading just below $61K,” Alex Kuptsikevich, FxPro senior market analyst, told CoinDesk in an email. Original
Tony Kim Aug 21, 2024 07:25 Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. Offchain Labs has outlined an ambitious technical roadmap aimed at enhancing the Arbitrum blockchain ecosystem. The roadmap focuses on improving scalability, decentralization, and developer experience, according to Offchain Labs. Your Chain, Your Rules The guiding principle of the roadmap is “Your Chain, Your Rules,” emphasizing user and developer empowerment. Offchain Labs aims to make onchain applications…
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny […] Source CryptoX Portal
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation’s police. Source
The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold. This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory.…
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […] Source CryptoX Portal
Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After being overshadowed by Ethereum in the previous week, Bitcoin regained its leading position, drawing the majority of the inflows. Solana, on the other hand, experienced its largest outflow on record, which was primarily driven by…