Former Binance CEO Changpeng Zhao has a lifetime ban from “managing or operating” the centralized crypto exchange, according to current CEO Richard Teng. Teng revealed that Zhao would be barred from managing the platform for life in an interview with Axios, which revealed that it was a “key condition” of the plea agreement between Binance and U.S. authorities. This comes…
Fractal Bitcoin, a sidechain of Bitcoin created by the Unisat wallet team, is gearing up for its debut on Sept. 9, introducing a fresh twist on mining called “Cadence Mining.” This process plans to enable bitcoin miners to merge-mine with Fractal Bitcoin every three blocks, offering a unique approach to merged mining and tokenomics within […] Source: https://news.bitcoin.com/fractal-bitcoin-set-to-launch-sidechain-with-unique-merged-mining-mechanism/
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws. Source: https://cointelegraph.com/news/fiu-india-approves-offshore-crypto-exchanges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Declining trading volumes and slowing ETF inflows could set the stage for a correction below $50,000, before a rally to new highs. Source: https://cointelegraph.com/news/bitcoin-sub-50k-correction-september-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20. Source: https://cointelegraph.com/news/japan-banks-back-project-pax-global-settlements?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications…
After Solana and Near, Libre protocol is deploying its pool of tokenized funds on the Aptos blockchain. Source: https://cointelegraph.com/news/libre-launches-brevan-howard-black-rock-hamilton-lane-funds-on-aptos?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s recent drop to $55,250 reclaimed an untouched demand zone from August, which may push prices for an immediate swing high at $58,000. Source: https://cointelegraph.com/news/watch-3-btc-price-if-bitcoin-below-55k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The South African government is tightening its grip on cryptocurrency trading. Tax authorities (SARS) are issuing tax notices and clarifying regulations, likely using AI to identify non-compliant traders. The central bank meanwhile has clarified rules for crypto purchases, allowing individuals limited investment but restricting companies. SARS Using AI to Track Down Tax Dodgers South African […] Source: https://news.bitcoin.com/south-africa-leverages-ai-to-track-down-tax-dodging-crypto-traders/
BTC price targets are increasingly looking for a rematch with last month’s lows as Bitcoin chartists highlight formidable resistance levels. Source: https://cointelegraph.com/news/arthur-hayes-sub-50k-btc-price-bitcoin-risks-trend-shift?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
