Month: September 2024

New Crypto Regulations in Japan Ease Rule For Blockchain Gaming Sector

Japan’s Financial Services Agency (FSA) has announced plans to reform the country’s regulatory framework on crypto gaming. This move, according to the report, appears to be aimed at assisting businesses in managing their digital currency assets better and to “stimulate” growth in the blockchain gaming sector. With the reform, the FSA is reportedly making the market “more accessible” to gaming companies by revising the existing Payment Services Act and establishing a structured law for in-game digital currency management. Crypto Regulations Encouraging Blockchain Gaming According to a recent upload from a…

Binance Founder Changpeng ‘CZ’ Zhao Could be Released on Friday

The U.S. Department of Justice’s Federal Bureau of Prisons rule states that “The Bureau of Prisons may release an inmate whose release date falls on a Saturday, Sunday, or legal holiday, on the last preceding weekday unless it is necessary to detain the inmate for another jurisdiction seeking custody under a detainer, or for any other reason which might indicate that the inmate should not be released until the inmate’s scheduled release date.” Source

Stacks: New Network Upgrades Push STX Price Up by 18%

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Este artículo también está disponible en español. Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. Since then, the token has garnered much-deserved attention as developments on the platform mount up. According to CoinGecko, STX surged over 18% since last week, representing a strong flip in investor sentiment.  Related Reading Stacks continue to make noise as more partnerships are unveiled this week; several of which might open a new reality on Stacks. With the hyped potential of the so-called Bitcoin economy underneath…

Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report

Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major exchange hacks, WazirX in July 2024, and BingX in September 2024, which collectively accounted for 69.5% of all funds lost in Q3 2024, totalling $287 million. Notably, both WazirX and BingX are centralized exchanges, and…

Swan Bitcoin sues former employees for stealing trade secrets to launch rival mining firm

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Swan Bitcoin has filed a lawsuit against some of the former employees of its mining venture for allegedly stealing proprietary software and trade secrets to launch a competing firm, Proton Management. In a Sept. 25 lawsuit filed with a Los Angeles federal court, Swan alleged that six of its former staffers conspired to “harm Swan’s ability to compete in the market” by stealing what the filing dubbed as “crown jewels” from its mining business. Founded in 2019, Swan Bitcoin offers financial services for investors and branched out to the mining…

Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here?

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Este artículo también está disponible en español. Several indicators point to renewed strength in altcoins, suggesting a potential altcoin season on the horizon. However, for confirmation, Bitcoin (BTC) dominance needs to drop further. Altcoin Market Cap Crosses 200-Day EMA Crypto analysts are closely monitoring various indicators that track altcoin behavior, with one critical metric being the 200-day exponential moving average (EMA). Related Reading According to the following chart, the OTHERS index – an index that tracks the market cap of cryptocurrencies excluding the top 10 digital assets by market capitalization…

SEC’s Gensler Won’t Reveal his View on Trump’s Bitcoin Reserve, Reiterates Bitcoin Isn’t a Security

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“Look at the leading lights in this field, in the crypto field just two years ago. A number of them are in jail right now, and I’m not just talking about SBF… there’s been tens of billions of dollars of losses and bankruptcies and so forth,” Gensler said on Thursday. “What innovative field in America survives without having building trust in that field and protecting investors or consumers?” Original

Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?

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Worldcoin (WLD) is taking investors by storm as the token performs extremely well in the present market environment. Despite the market experiencing a slight pullback today, WLD surged 31% since last week, representing a huge jump in value as the protocol continues to expand its services.  Worldcoin’s identity-proving technology continues to expand. Just this week, several developments continue to arouse curiosity in the minds of retail investors. If the trend keeps up with the market’s seemingly continuous bullishness, WLD will cover ground in the long term.  Worldcoin Services Expand To…