Month: September 2024

DeFi is a 1st Amendment right, expert says at hearing

Decentralized finance defenders argued against imposing stringent anti-innovation rules on the fledgling digital asset industry. At a U.S. House Finance Services Committee hearing titled “Decoding DeFi: Breaking Down the Future of Decentralized Finance,” a roster of DeFi proponents testified to protect the sector from stricter rules focused on anti-money laundering and introducing total surveillance on web3 users. Crypto skeptics like Representative Bill Foster and other Democratic Congress members claimed DeFi developers should be held liable for criminal uses of blockchain technology. Rep. Foster and other anti-DeFi legislators reiterated proposals to…

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […] Source CryptoX Portal

Will Polkadot Accept This Major Request From A RWA Platform? DOT Down 65%

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Analysts Predict Final Dip Before Bull Run Resumes

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Este artículo también está disponible en español. The Bitcoin market has seen some consolidation since Monday, maintaining a price above the $56,000 mark after a brief drop from $65,000 to around $52,600 last Friday.  However, one analyst suggests that the bearish sentiment may still be ongoing, with expectations of a potential revisit to lower levels before a significant upward movement. BTC’s Future Price Action In Focus Crypto analysts known as “VirtualBacon” on X (formerly Twitter) have raised concerns about an impending “huge Bitcoin shakeout.” In the coming 2-3 weeks, the…

Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement

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Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin Market Challenges as Investors Reduce Activity Bitcoin miners continue to demonstrate resilience, as highlighted in Glassnode’s onchain report. […] Original

Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum

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Este artículo también está disponible en español. The crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention of investors, who now anticipate a potential price surge in the coming months as market sentiment remains optimistic. Related Reading Many analysts are forecasting further gains, pointing to Solana’s recent performance as a key indicator of its strength. Investors are particularly focused on SOL’s ability to maintain its momentum, with growing demand and increased interest fueling bullish predictions…

BinaryX Shoots Into The Top 100 Whilst Investors Peek DOGE-Like Gains From Mpeppe (MPEPE)

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Este artículo también está disponible en español. The cryptocurrency landscape is always full of surprises, and recently BinaryX (BNX) has shot into the top 100 cryptocurrencies. However, while BNX enjoys its newfound popularity, investors are beginning to eye Mpeppe (MPEPE), a rising meme coin that promises Dogecoin-like gains. Here’s why both tokens are attracting serious attention from investors and what lies ahead for these exciting projects. BinaryX (BNX) Enters the Top 100: A Milestone Worth Celebrating BinaryX (BNX) recently made waves by entering the top 100 cryptocurrencies. This leap is…

Ethereum Whales Allocates $2.1 Million Across Sui and New ETH Gambling Casino ICO Mpeppe (MPEPE)

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Este artículo también está disponible en español. Ethereum (ETH) whales are eyeing promising opportunities to diversify their portfolios. Recently, a group of ETH whales allocated a significant $2.1 million across Sui (SUI) and the new Ethereum-based gambling casino ICO, Mpeppe (MPEPE). This move has sparked widespread interest within the crypto community as investors explore the future potential of both projects. Let’s dive into why these two tokens are capturing the attention of whales and what it means for investors. The Rise of Sui: A Blockchain Built for Scalability Sui (SUI)…