Month: September 2024

ICO and NCA sign memorandum of understanding for further collaboration on cyber security

We have signed a Memorandum of Understanding (MoU) with the National Crime Agency (NCA) that sets out how both organisations will cooperate to improve the UK’s cyber resilience. The aim of this work is to ensure that organisations across the country can better protect themselves from criminals who steal data and hold it to ransom. The MoU reaffirms our commitment to providing relevant, up to date information sharing on cyber security matters, to support improved cyber security, and to provide guidance on how change can be implemented. Specifically, we are…

Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research

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Este artículo también está disponible en español. A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back in March 2022 to contain rampant inflation due to COVID-related supply chain bottlenecks and money printing, the Fed is now set to commence slashing interest rates to stimulate the economy. However, there is a possibility that by initiating a 50 bps…

Stablecoin inflows surge, investors rush to buy Bitcoin, altcoins

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Crypto investors have started depositing stablecoins in centralized exchanges, showing potential bullish momentum for Bitcoin and altcoins. According to data provided by Santiment, the total exchange net inflow of the top three stablecoins — Tether (USDT), USD Coin (USDC) and Dai (DAI) — reached $141.2 million in the past 24 hours. BTC price, stablecoin exchange net flows – Sept. 10 | Source: Santiment USDT alone saw a net inflow of $101.95 million, followed by USDC’s $34.87 million, per data from Santiment. DAI, the third-largest stablecoin by market cap, recorded an…

Ethereum Bullish Signal: Adoption Hits Four-Month High Rate

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets. The indicator of relevance here is the “Network Growth,” which keeps track of the total number of new addresses appearing on the network daily. Naturally, an address is considered to have been used when it made its first transaction on the chain. The Network Growth counts…

Japan’s Metaplanet boosts Bitcoin reserves to nearly 400 BTC

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Japanese investment firm Metaplanet keeps allocating Bitcoin, this time buying $2 million worth of crypto. Tokyo-listed investment firm Metaplanet has continued its aggressive Bitcoin (BTC) accumulation strategy, purchasing ¥300 million ($2 million) worth of Bitcoin, according to a Sept. 10 filing. The company acquired more than 38.4 BTC, bringing its total Bitcoin holdings to over 398.8 BTC, valued at approximately $22.7 million at current market prices. Metaplanet, which adopted Bitcoin as a reserve asset earlier this year, has ramped up its crypto investments amid Japan’s economic struggles and the depreciation…

Analyst Predicts $4,000 Mid-Term Target for Ethereum, Declares End to ETH Correction

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Ethereum (ETH) has been struggling with a significant downturn recently, leaving the asset deep in the red. Over the past week, Ethereum has recorded a 9.2% decline in value, reflecting broader market weakness. However, the past 24 hours have brought a slight change in momentum, with ETH seeing a 3.2% increase in price. Though this uptick is not enough to erase the previous week’s losses, it may signal the beginning of a recovery phase. Is Ethereum At The End Of Its Correction According to the latest analysis from renowned crypto…

Bitcoin Trading Volume Surged to Nearly $3T in January to August Period

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Bitcoin whale accumulation heats up ahead of US CPI report

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Bitcoin whales seem bullish with increased accumulation as the release of the U.S. Consumer Price Index data gets closer. According to data provided by IntoTheBlock, the number of whale transactions consisting of at least $100,000 worth of Bitcoin (BTC) surged from 12,560 to 16,240 between Sept. 7 and 9.  BTC whale transactions – Sept. 10 | Source: IntoTheBlock The increased whale activity around BTC came after its price plunged below the $54,000 mark amid an increased selloff.  Per ITB data, Bitcoin whales have moved over $70 billion worth of the…

Spot Bitcoin ETFs end 8-day outflows streak, Ether ETFs lose $5.2m

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Spot Bitcoin exchange-traded funds in the United States saw inflows for the first day following eight consecutive days of outflows that shed over $1.18 billion from their total assets under management, signaling a potential shift in investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $28.6 million in net inflows on Sep. 9, a break from the eight-day outflow streak recorded earlier. Fidelity’s FBTC led the charge with reported inflows of $28.6 million, bringing its total inflows from inception to $9.45 billion. This follows after…