Telegram Is Driving Crypto Adoption, Despite Bad News

Blink if you’ve missed it, but Web3 – the idea that users can have digital ownership powered by cryptography, blockchain and digital assets – is happening on Telegram, and in a major way. Web3 is now available on anyone’s smartphone. It’s a hugely positive development somewhat ignored by all the recent, mostly negative, news surrounding Telegram. Source

How ETFs and Global Market Shifts Are Undermining the Store of Value Narrative

Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors. Source CryptoX Portal

DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Adam Back Predicts Cardano (ADA) Can Fall A Further 90%, All Eyes Turn Mpeppe (MPEPE) For Deliverance

Este artículo también está disponible en español. Cardano (ADA) has long been heralded as one of the most promising blockchain projects in the crypto space. However, recent developments and market sentiments have cast a shadow over its future. With the recent Chang Hard Fork, Cardano (ADA) aims to enhance its governance model, but some experts, including Adam Back, predict a further 90% drop in ADA’s price. As investors grapple with these predictions, many are turning their attention to Mpeppe (MPEPE), a new meme coin that is rapidly gaining traction. Cardano…

Bitcoin slips below $57k, fear and greed index points to more downside

Bitcoin price continued its slow retreat after the weak US jobs report and as the crypto fear and greed index dropped to the fear zone. Weak US jobs data Bitcoin (BTC) dropped to a low of $56,800 after ADP published a weak private payrolls report. According to the company, the American economy created just 99,000 jobs in August, the lowest increase in over two years. The figure was much lower than the median estimate of 144k. On Wednesday, Sep. 4, a separate report by the Bureau of Labor Statistics revealed…

Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses

On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to […] Original

Former Mt Gox CEO Mark Karpeles to Launch New Crypto Exchange With a Focus on Transparency

Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The platform will initially operate as a crypto-only exchange, with plans to […] Source CryptoX Portal

Bitcoin Price (BTC) Fell 2.2% While Ether Price (ETH) Dropped 2.4% as the Coindesk 20 Trends Downward

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