Bitcoin (BTC) hit new month-to-date highs on Sep. 18 as a strong weekly close cemented a bullish start to Wall Street trading. BTC/USD 1-day chart. Source: TradingView Trader cautions on surging Bitcoin open interest Data from Cointelegraph Markets Pro and TradingView tracked over 3% BTC price gains on the day, with Bitcoin breaking $27,000 for the first time in September.…
Month: September 2023
Hut 8 receives greenlight from Canadian Supreme Court for USBTC merger
Canadian Bitcoin mining firm Hut 8 is set to wrap up its planned merger with US Bitcoin (USBTC) following final approval from the Supreme Court of British Columbia. Hut8 and USBTC had announced the move in February 2023 which was subject to shareholder and regulatory approval. The merger will see Hut 8 and USBTC form Hut 8 Corporation, or “New…
FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week. Source: https://cointelegraph.com/app/public/index.php/news/fomc-btc-price-local-bottom-5-things-bitcoin-this-week
Blockchain’s Unseen Backbone Securing Billions of Dollars in Value
Oracles are the hidden data pipeline that keeps billions of dollars in value flowing—but one of the most experienced actors in the ecosystem thinks those pipelines should be more transparent and affordable. Two years in development, Chronicle Protocol’s Scribe, launching this September, is positioned as the “next-generation oracle cryptographic primitive.” It’s the brainchild of one of the most established teams…
Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility
The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany. At the event, Bosch, alongside its collaborators MOBIX and the Peaq blockchain, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. MoveIDs…
9 US senators publicly back Elizabeth Warren’s crypto bill
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.” Source: https://cointelegraph.com/public/index.php/news/crypto-bill-us-nine-senators-back-elisabeth-warren
Elizabeth Warren’s Digital Asset Anti-Money Laundering Act Gets Nine New Sponsors
U.S. Senator Elizabeth Warren has secured the support of nine other senators for her Digital Asset Anti-Money Laundering Act, boosting her efforts to tackle the perceived risks posed by cryptocurrencies. According to a press release on Warren’s official website, Democratic Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet, and Catherine Cortez Masto, as…
FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week. Source: https://cointelegraph.com/public/index.php/news/fomc-btc-price-local-bottom-5-things-bitcoin-this-week
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades. According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other…
FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the new week with optimism as traders greet the first green weekly candle in over a month. BTC price strength appears to be gradually improving after a weak August and start of September, with BTC/USD climbing toward $27,000. A solid weekly close provides the backdrop to what promises to be an interesting few days, which will include…