Bitcoin market gurus anticipate BTC price volatility to hit around the latest FOMC interest rates decision and Fed press conference. Source: https://cointelegraph.com/public/index.php/news/bitcoin-analysis-predicts-spicy-btc-price-fomc-27k
Month: September 2023
Stanford to return millions in crypto donations from FTX
The California-based university Stanford University said it plans to return all funds it received from the now defunct cryptocurrency exchange FTX, according to a report from Bloomberg. Stanford received a total of $5.5 million in gifts from FTX-related entities in the timespan between November 2021 and May 2022. In an email statement on Sept. 19, a university spokesperson said: “We…
Cross margin and isolated margin in crypto trading, explained
Cross-margin trading is a risk management tactic in cryptocurrency trading whereby traders utilize the whole balance of their accounts as collateral for their open positions. Using account balance as collateral implies that the entire amount of the account is at risk in order to cover future trading losses. Cross margining makes higher leverage possible, allowing traders to open larger positions…
Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds
Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived. BTC/USD 1-hour chart. Source: TradingView Market “set to accommodate” BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction into the decision on interest rates by…
Brazilian lawmakers seek to add crypto to debtors’ protected assets list
As Brazilian lawmakers discuss the bill that would grant strong protection to a sizable portion of the savings assets of debtors, a separate initiative is seeking to include crypto in the latest version of the bill. Bill number 4.420/2021, authored by Deputy Carlos Bezerra, is currently being considered by the Constitution, Justice and Citizenship Committee of the lower chamber of…
Crypto makes up 70% of South Korean overseas assets: National Tax Service
Cryptocurrencies like Bitcoin (BTC) accounted for the largest share of South Korea’s reported overseas assets in the latest report by the country’s tax organization. South Korea’s National Tax Service (NTS) issued an official announcement on Sept. 20, stating that 1,432 individuals and corporations reported overseas accounts in cryptocurrency this year. The total reported amount in crypto was 130.8 trillion Korean…
Bitcoin Ordinals creator proposes to change inscription numbering system
Bitcoin Ordinals’s creator and chief coder Casey Rodarmor has recently proposed changing the protocol’s numbering system, with the aim of simplifying the project’s codebase. Since the beginning of the Ordinals protocol, each nonfungible token (NFT) created using Ordinals was assigned an inscription number that was unique. They functioned similarly to serial numbers and have been an integral part of the…
Kansas adjourns crypto bill targeting political donations to January 2024
A Kansas bill that aimed to limit and prohibit cryptocurrency donations in political campaigns has been adjourned to January 2024. Lawmakers in the Kansas House of Representatives introduced the bill — HB 2167 — on Jan. 25, 2023. As previously reported by Cointelegraph, the bill sought to enforce a $100 limit on all political donations in the state’s primary or…
LimeWire Acquires BlueWillow Art App Amid Pivot to ‘All-In-One‘ AI Platform
Best known as a peer-to-peer music-sharing platform, LimeWire announced on Wednesday the acquisition of BlueWillowAI, a popular AI image generation platform. The deal follows LimeWire’s launch of LimeWire AI Studio last month, which heralded the company’s entry into the burgeoning generative AI sector. Launched in January, BlueWillow claims over 2.3 million active members, with over 500 million images created so…
DeFi protocol Balancer frontend is under attack, $238K crypto stolen
The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice. Source: https://cointelegraph.com/public/index.php/news/defi-protocol-balancer-hit-with-frontend-attack