Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open Market Committee (FOMC) opted to…
Major United States-based payment processor PayPal has announced its PYUSD stablecoin is now available on Venmo. In a Sept. 20 blog post, the payments firm said PayPal USD (PYUSD) — the company’s stablecoin pegged to the U.S. dollar — is already available to Venmo users and will be “rolling out fully in the coming weeks”. The news came roughly six…
Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia. According to a filing seen by Cointelegraph on September 20, Jieyi Chen, director of JP-EX Crypto Asset Platform PTY LTD (JPEX), has filed a deregistration application with the Australian Securities and Investment Commission (ASIC). In the filing, JPEX claims that all members of the company agree to the…
A routine drug bust got a surprising cyber twist in Chile when the country’s investigative police unit (PDI) found the suspects were not only trafficking in illicit substances, but were also running a full-blown Bitcoin mining operation. Local media outlet El Mostrador reported that on September 6, the Anti-Narcotics Brigade for Santiago’s Metropolitan Region Southern Area descended on a property…
Toncoin (TON), the native cryptocurrency of The Open Network, is now the 10th biggest digital asset by market cap—and on Tuesday, it briefly overtook Dogecoin as the ninth largest cryptocurrency by that metric. Riding on the back of news last week that a self-custodial digital wallet had launched on popular messaging app Telegram, TON is now up more than 31%…
A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law. In a Sept. 19 announcement, the U.K. government said the Online Safety Bill had passed through a final debate in Parliament and will become law in the country “soon.” Lawmakers had…
Fortnite creator Epic Games settled multiple claims with the U.S. Federal Trade Commission (FTC) last year regarding privacy issues in the game, and what the agency alleged were “design tricks” that deceived players into spending money that they didn’t intend to. Now, players can register for a refund as part of that settlement. The FTC launched the settlement page on…
Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July. This bullish temperament is not reflected in institutional activity, however. Investors have cut down on…
Inactive Bitcoin addresses have hit all-time highs across one-, three- and five-year time domains while BTC outflows from exchanges continue. Source: https://cointelegraph.com/public/index.php/news/bitcoiners-stacking-inactive-btc-supply-hits-all-time-highs
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