Cryptocurrency

The United States Securities and Exchange Commission has approved Nasdaq’s request to operate its first AI-driven order type on Sept. 8. Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it dynamic, meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time. The follow-on effect should be a significant acceleration of orders placed with the system. Nasdaq says the dynamic M-ELO demonstrated a 20.3% increase in fill rates and an 11.4% reduction in mark-outs during its research and testing.Continue Reading on Coin Telegraph More

Ali cited Glassnode data to illustrate a spike in new addresses, which has been steadily increasing. The most obvious increase occurred between late August and early September when new addresses surpassed 510,000.When compared to previous months, May saw Bitcoin average roughly 390,000 new addresses every day. This figure has risen, reaching a new yearly high of roughly 527,000.According to the crypto analyst, this could indicate increased interest in despite its lackluster trading action. Ali went on to say what this could mean for Bitcoin’s long-term prospects: The growth in participation can be seen as a positive sign of sustained interest and trust in the network.The Bitcoin network seems to be exuding a measure of positivity despite lagging prices. On-chain analytics firm IntoTheBlock reported that Bitcoin network fees jumped 38% in the week as Ordinals inscriptions reached their second-highest daily amount.Bitcoin saw a significant sell-off in the previous week and has since persisted in dull trading.After trading slightly over $29,300 for several weeks, Bitcoin prices cascaded lower, ripping through numerous long-term moving averages, including the 111-day, 200-day and 200-week. Now below $26,000, Bitcoin has seen a significant loss of market support, and bulls now have their work cut out for them.Although the loss of crucial technical moving average support might have put bulls on the defensive, there remains hope for a BTC price recovery.This article was originally published on U.Today More

Although quantitative easing can be a useful tool in times of economic crisis, it is often criticized for its potential drawbacks, which include escalating inequality, distorting markets and possibly laying the groundwork for future financial instability. Supply dynamicsForking and airdropsStablecoins and collateralMarket dynamics Continue Reading on Coin Telegraph More

In a Sept. 8 letter to U.S. Sens. Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America Act, a bill aimed at changing the reporting requirements for certain taxpayers involved in crypto transactions. According to the advocacy group, any legislation introduced in Congress should “create symmetry” between the taxation of crypto and non-crypto assets, as well as clarify requirements for information on income earned from staking and mining crypto.Continue Reading on Coin Telegraph More

The plan put forward by Senators Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.) advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal actions.Continue Reading on Coin Telegraph More

The two venues were being built on Salesforce (NYSE:CRM) Park and were going to be dubbed the “Sho Restaurant” and “Sho Club Sky Lounge.” Continue Reading on Coin Telegraph More

In his statement, Emmer criticizes SEC Chair Gary Gensler, alleging he has overstepped his authority, which is negatively affecting the American people. Emmer urged Congress to utilize its available methods and proper procedures to thwart any potential misuse of taxpayer funds by Gensler and the SEC.Continue Reading on Coin Telegraph More

Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The company holds a Nevada Trust license that allows it to custody financial assets. The acquisition is in addition to the more than 30 licenses Ripple holds across the country as a money transmitter, along with a BitLicense in New York, required digital currency businesses operating in the state.Continue Reading on Coin Telegraph More