House of Representatives members brought up FTX, Donald Trump’s token launch, and SEC Chair Gary Gensler at the “Dazed and Confused” digital assets hearing. Source: https://cointelegraph.com/news/us-lawmakers-sec-enforcement-crypto-firms-politicized?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
WisdomTree aims to bring self-custody to regulated RWAs
The WisdomTree Connect platform aims to let users access WisdomTree’s RWA tokens with any wallet, from any blockchain network. Source: https://cointelegraph.com/news/wisdom-tree-aims-bring-self-custody-regulated-rwas?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
$1.5M CryptoPunk bought for $23K, Coinbase’s NFT legal defense fund: Nifty Newsletter
Pudgy Penguins CEO Luca Schnetzler believes the SEC’s actions against NFTs are nonsense, describing them as a “nothing burger.” Source: https://cointelegraph.com/news/1-5-m-crypto-punk-bought-23-k-coinbase-legal-defense-fund-nfts-nifty-newsletter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price attempts to turn the tide after Fed's 0.5% rate cut
Bitcoin price rallies to $61,000 after the Federal Reserve cuts rates by 50 basis points for the first time since 2020. Source: https://cointelegraph.com/news/https-www-cnbc-com-2024-09-18-fed-meeting-live-updates-traders-await-september-interest-rate-cut-html?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Solidus Ai Tech and SambaNova Systems Bring High Speed AI to Web3 World
Solidus Ai Tech has announced a ground breaking partnership with SambaNova Systems, a leader in artificial intelligence hardware, to revolutionize AI capabilities in the Web 3.0 landscape. This collaboration promises to deliver unmatched AI inferencing and fine-tuning speeds, thanks to the integration of SambaNova’s cutting-edge RDU stacks, which will power Solidus Ai Tech’s AI marketplace […] Source: https://news.bitcoin.com/solidus-ai-tech-and-sambanova-systems-bring-high-speed-ai-to-web3-world/
Bitcoin Emerges as a ‘Unique Diversifier,’ Says Blackrock’s Latest Report
In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the […] Source: https://news.bitcoin.com/bitcoin-emerges-as-a-unique-diversifier-says-blackrocks-latest-report/
Ethena domain registrar hacked, Ethena Labs warns users to stay away
The Ethena website appears to have suffered a front-end attack, and users are encouraged not to interact with the platform. Source: https://cointelegraph.com/news/ethena-domain-registrar-hacked?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Inflation in Check? Fed Cuts Interest Rates for First Time in Four Years
The Federal Reserve lowered its benchmark interest rate by 50 basis points Wednesday, kicking off its long-anticipated easing cycle with a sizable first step. The Federal Open Market Committee (FOMC) decided to lower the federal funds rate to a target range of 4.75% to 5.00%, marking its first rate cut in four years. Minutes before the decision, traders foresaw a…
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […] Source: https://news.bitcoin.com/fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020/
Silvergate Capital files for Chapter 11 bankruptcy in Delaware
The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million. Source: https://cointelegraph.com/news/silvergate-capital-files-chapter-11-bankruptcy-delaware?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound