CFTC Commissioner Christy Goldsmith Romero recommended regulators modernize its protection measures using technological advances as she warned that failure to do so would have a negative impact on American investors. Romero, speaking at the North American Securities Administrators Association’s annual meeting in San Diego, California, said that the government’s inability to keep pace with technology would affect the most vulnerable…
Bitcoin shorts start to suffer thanks to a $1,000 BTC price relief rally, but key resistance remains in place. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-must-take-26k-says-trader-after-textbook-short-squeeze
Bitcoin (BTC) rebounded off three-month lows on Sep. 12 as traders voiced suspicion over BTC price behavior. BTC/USD 1-hour chart. Source: TradingView Bitcoin shorts feel heat as BTC price adds $1,000 Data from Cointelegraph Markets Pro and TradingView followed a snap return to levels seen after the weekly close on BTC/USD. Bitcoin had seen immediate weakness on the previous day’s…
A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it has accused of being a a “patent troll” — a firm that aims to profit from patent lawsuits. In a Sep. 11 blog post the DeFi Education Fund (DEF) said on Sep. 7 it filed…
The metaverse might feel like it’s “dead” for users living in the United States but the industry is thriving throughout Asia, says The Sandbox co-founder and COO, Sebastien Borget. Speaking to Cointelegraph at the Asian Blockchain Gaming Alliance’s Web3 Summit in Singapore on Sept. 12, Borget said that over the last year, roughly 50% of Sandbox’s business has come from…
The hackers behind cryptocurrency casino Stake’s $41 million hack have shifted another $328,000 million worth of Polygon (MATIC) and Binance Coin (BNB) tokens — its latest moves following the Sept. 4 exploit, according to blockchain security firm CertiK. The most recent transfer involved 300 BNB tokens worth about $61,500 to an externally owned address “0x695…” which were then bridged to the…
The eagerly-awaited launch of the telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched. Banana Gun (BANANA) token price action since inception. Source: DexScreener Some crypto users were quick to cry foul, accusing…
Dollar-pegged stablecoins are not immune to dropping their pegs but some such as Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI) have been more prone to depegging than others, according to analysts at S&P Global. A September research paper from Dr. Cristina Polizu, Anoop Garg, and Miguel de la Mata, delved into stablecoin valuation and de-pegging for five leading stablecoins…
A debate has reignited among Bitcoiners over a six-year-old Bitcoin Improvement Proposal (BIP) to add “sidechains” on top of the network, with some warning it could increase scams on the Bitcoin network and others saying it will bring new users of the cryptocurrency. Meanwhile, one developer claims to have found a way to achieve the proposal’s goal without a soft…
Ethereum co-founder Vitalik Buterin has confirmed that the recent hack of his X (Twitter) account was the result of a SIM-swap attack. Speaking on the decentralized social media network Farcaster on Sept. 12, Buterin said that he has finally recovered his T-Mobile account after the hacker managed to gain control of it via a SIM swap attack. “Yes, it was…
