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Cryptocurrency News

Location American Cryptocurrency News for 7 September 2024
Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term.
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Zambia's Dedollarization Plan Aims to Strengthen Kwacha Stability Zambia's latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initia...
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Kamala Harris Gains Ripple Co-Founder Chris Larsen's Endorsement Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s...
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Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaini...
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Bitcoin Hashrate Hits Record High as Prices Drop Below $55K As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network's computational power hit a new lifetime high. The seven-day simple moving average (SMA) for B...
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Sonic SVM Announces Launch of Hyperfuse Nodes in Solana's First Node Sale The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic’s Solana Virtual Machine (...
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Is XRP price quietly setting up for a rally toward $1?

Coin Telegraph - 7 Sep 2024 20:02
Is XRP price quietly setting up for a rally toward $1? An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.
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NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just ove...
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Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B G...
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Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized ...
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September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These t...
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El Salvador marks 3 years of Bitcoin adoption with $31M profit Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
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Spatial Computing Expert: AI Didn't Contribute to Metaverse's Decline Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a p...
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Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder o...
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CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her rationale.
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Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments The largest Japanese banks--MUFG, SMBC, and Mizuho--plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain techn...
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How Might Donald Trump's Crypto Token Fit Into Regulations? The former president of the United States is launching a crypto yield product, even as he appeals to the crypto industry in his current bid for office. Donald Trump will be the "chief crypto advocate" for World Liberty F...
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Bitcoin bears base $40K prediction on 'self induced fear' -- Samson Mow Jan3 CEO Samson Mow reiterated that fear-driven markets "never lasts long" because fundamentals usually "win out over time."
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Serial Entrepreneur: Digital Ecosystem Favors Data Distributors Over Creators According to Victor Yu, co-founder of Carv, the current digital ecosystem favors data distributors over data creators. While he acknowledges the usefulness of regulatory frameworks like the General Data Protection Regula...
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Binance Kazakhstan Receives Formal Consent for Regulatory License Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan's first fully regulated Digital Asset Trading ...
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Pavel Durov Speaks Out Following Paris Arrest Over Telegram's Legal Issues Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activit...
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First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder million...
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