Crypto investment products registered their sixth consecutive week of outflows in the week ending on Sept. 24. According to data shared by Coinshares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows with the past week’s outflows reaching $6 million. Short-bitcoin positions…
Month: September 2023
Why low latency is important for cryptocurrency exchanges, explained
What is latency in cryptocurrency trading? The term “latency” in cryptocurrency trading refers to the delay or lag in the amount of time it takes for data to move between two points in a trading system. Latency may significantly affect a trader’s capacity to carry out orders and make informed choices. To acquire a competitive edge in the quick-paced world…
US gov’t shutdown looms — 5 things to know in Bitcoin this week
Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly “death cross?” Source: https://cointelegraph.com/app/public/index.php/news/us-govt-shutdown-looms-5-things-bitcoin-this-week
Amazon to Invest up to $4B in AI Firm Anthropic
The race for supremacy in artificial intelligence is heating up. Today, Amazon announced a multi-billion-dollar strategic investment in Anthropic, the AI company that launched the chatbot Claude 2. The e-commerce platform will first inject $1.25 billion, retaining the option to escalate its investment up to as much as $4 billion. The strategy positions Amazon to face off against its rivals…
Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends
Arbitrum, a major Layer 2 solution for the Ethereum blockchain, has officially added the unclaimed tokens from the Arbitrum airdrop to its network’s treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to the Arbitrum’s decentralized autonomous organization (DAO) treasury on Sept. 24, the foundation announced on X (formerly Twitter). The foundation emphasized that Arbitrum users will no…
Hong Kong Financial Watchdog to Bring JPEX ‘Wrong-Doers to Justice’
In a statement today, Hong Kong’s Securities and Futures Commission (SFC) unveiled a series of new measures aimed at enhancing transparency and security in the cryptocurrency space. The regulator’s initiative includes the publication of a comprehensive list containing licensed, deemed-licensed, closing down, and application-pending virtual asset trading platforms (VATPs). The move comes in the wake of the ongoing JPEX crypto…
US gov’t shutdown looms — 5 things to know in Bitcoin this week
Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly “death cross?” Source: https://cointelegraph.com/public/index.php/news/us-govt-shutdown-looms-5-things-bitcoin-this-week
Who Is Satoshi Nakamoto? Mysterious Bitcoin Founder
Unraveling the identity of Satoshi Nakamoto is a complex and fascinating journey that involves examining clues, analyzing evidence, and delving into theories. From computer scientists to mathematicians, many have attempted to piece together the puzzle, but to this day, the true identity of Satoshi Nakamoto remains shrouded in mystery. In this article, we will explore the various theories and potential…
Tether reportedly shuts USDT redemption for some Singapore customer groups
Tether, the largest stablecoin issuer behind USDT, has reportedly changed its terms of services (ToS) in Singapore. An email shared by the decentralized finance protocol Cake CEO on Sept. 25 shows the changes to Tether’s ToS prohibiting certain customer base from redeeming USDT. The CEO of Cake Group Dr. Julian Hosp took to social media platform X (formerly Twitter) to share…
Mixin Platform Suspends Deposits, Withdrawals After $200M Security Breach
Mixin Network was hit by an exploit on Sunday, resulting in a loss of up to $200 million, as reported in a tweet by the team earlier today. The project features a wallet for cross-chain asset transfers and a decentralized exchange to swap assets such as Bitcoin, Ethereum, XRP, Litecoin, and Dogecoin among others. In its statement, the Mixin Network…