Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally. Read More at https://cointelegraph.com/news/stacks-stx-makes-30-gain-as-mainnet-upgrade-and-stablecoin-launch-approach?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: September 2024
Wrapped Bitcoin supplied on Aave hits record high despite backing fears
WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama. Read More at https://cointelegraph.com/news/wrapped-bitcoin-aave-record-high-despite-backing-fears?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin rallied above $65K, but will BTC price hold this level?
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally? Read More at https://cointelegraph.com/news/bitcoin-rallied-above-65k-but-will-btc-price-hold-this-level?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US sanctions Russian crypto platforms for money laundering ties
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance. Read More at https://cointelegraph.com/news/us-sanctions-russian-crypto-exchanges-illicit-finance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts. Read More at https://cointelegraph.com/news/watchdog-visa-mastercard-duopoly-spends-millions-blocking-competition?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Robinhood, Revolut eye entry into the stablecoin market — Report
Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand. Read More at https://cointelegraph.com/news/robinhood-revolut-eye-stablecoin-market-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K
Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support. Read More at https://cointelegraph.com/news/bitcoin-analysts-say-btc-is-in-a-good-position-above-the-200-ma-and-65-k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The key misunderstanding with China's purported BTC hashrate dominance
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%. Read More at https://cointelegraph.com/news/key-misunderstanding-china-purported-bitcoin-hashrate-dominance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC chair Gensler plugs changes to exchange definition that worries crypto
Gary Gensler reminded a conference on Treasury bonds about a proposed rule change that would impact DeFi, too. Read More at https://cointelegraph.com/news/sec-exchange-definition-digital-asset-rules?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
AVAX price rallies after Avalanche development incentive and mainnet upgrade announcement
A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX. Read More at https://cointelegraph.com/news/avax-price-rallies-after-avalanche-development-incentive-and-mainnet-upgrade-announcement?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound