Month: August 2024
The crypto industry has been begging for issue-specific legislation in the U.S. for years, in the hopes that this legislation may create clear permissions for companies to develop and issue tokens, manage blockchain networks or otherwise operate free of the concern that regulators may come knocking. The closest Congress has gotten so far is the
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For cryptocurrencies, the decision cuts Brazilian users off from a platform that has for years served as the industry’s town square. Crypto-supporter Jack Dorsey, who co-founded X when it was called Twitter, has supported two alternative platforms: Nostr and Bluesky, though he’s distanced himself from the latter.
“Trump has been reaching out to the crypto community, and it seems to have paid off,” said Dan Cassino, professor of Government and Politics at Fairleigh Dickinson and executive director of the poll, in a Friday press release. “It might be easy to dismiss them as insignificant, but I don’t think people realize exactly how
Headlining the data next week will be the Friday Sept. 6 Nonfarm Payrolls Report for August. The July jobs report was a weak one and likely was the final straw forcing the Fed’s hand in promising a September rate cut. Currently, however, market expectations are for only a meek 25 basis point cut in mid-September.
“Risk reversals until Oct are still skewed towards puts in both BTC and ETH, indicating that the market remains cautious about the downside,” QCP said. “In the lead-up to next week’s non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed.”
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Trump and his son Eric have been teasing World Liberty Financial as the Republican presidential candidate’s latest foray into crypto. Earlier this week, Trump launched a fourth NFT collection in a bid to repeat his previous million-dollar successes selling crypto collectibles. He is also separately promising to make the U.S. the “crypto capital of the
On Wednesday local time, Durov was indicted in a French court on charges related to enabling illicit transactions and child exploitation on the platform, failing to cooperate with police and providing encryption services without controls, following his recent arrest near Paris, among other charges.
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According to a charge sheet published by French authorities earlier this week, Durov is being charged with being complicit in the administration of an online platform allowing illicit transactions, refusing to comply with police requests for documents or other communications in ongoing investigations, being complicit in the dissemination of child exploitation material and a host
Bitcoin had topped $62,700 earlier in the day, but recently was down 6.5% from 24 hours earlier. Amid the rout, it got as low as $58,240, the lowest price since Aug. 19. Ether traded as high as $2,700 earlier Wednesday, but recently fetched less than $2,500.
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“Locally, a Telegram ban will have a lasting negative impact on the business development and marketing of the more than 300 solid web3 projects from India,” said Ayush Ranjan, CEO of Huddle01, a DePIN dedicated to making real-time communication performant. “Millions of Indians are active members…disrupting this communication would also impact the price formation of
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BlackRock’s iShares Ethereum Trust (ETHA) just passed $1 billion of net inflows, making it the seventh-most-successful ETF launch this year, according to Nate Geraci, president of the ETF Store. Fidelity’s Advantage Ether ETF and the Bitwise Ethereum ETF have taken in $390 million and $312 million, respectively, according to data from Farside Investors.
“After news appeared in the media about the detention of P.V. Durov, we immediately requested clarification from the French authorities regarding the reasons and demanded the protection of his rights and the provision of consular access. As of today, the French side has so far avoided cooperation on this issue,” the Russian embassy in France
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The warrant for his arrest stems from a criminal complaint by OFIM, an office of the French national police formed in November 2023, which considers Durov complicit because of Telegram’s lack of moderation, in drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram’s lack of moderation and cooperation with law
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