The Office of Advocacy of the U.S. Small Business Administration revealed that the proposal around crypto regulations for brokers was released on Aug. 29. It explained:Continue Reading on Coin Telegraph More
However, with the recent market-wide bullish momentum, BTC whale activity and social dominance have witnessed a significant spike. Bitcoin is up by 0.03% in the past 24 hours and is trading at $25,755 at the time of writing.BTC price, whale activity, supply on exchanges and active addresses – Sep. 7 | Source: SantimentThe hike comes as the asset’s 24-hour trading volume has risen by 11%, reaching $12 billion. According to data provided by the market intelligence platform Santiment, the number of BTC whale transactions, consisting of at least $100,000 worth of Bitcoin, surged by almost 110% since Sep. 3 — currently sitting at 9,004 unique transactions.Moreover, the number of Bitcoin daily active addresses has reached 1 million, registering an 18% hike in the past seven days. The upward momentum comes while BTC’s market cap stands at $501.6 billion at the time of writing.On the other hand, the Bitcoin supply on exchanges witnessed a sudden surge after consistently dropping since Aug. 31. Per Santiment, there are currently 1.16 million coins on all platforms.A report on Sept. 6 revealed that the number of crypto millionaires has reached 88,200. Of this tally, 40,500 addresses hold Bitcoin despite the asset’s price fluctuations.The positive sentiment comes from Grayscale’s urge for its spot Bitcoin exchange-traded fund (ETF). According to a report on Sept. 6, the investment management company requested the U.S. Securities and Exchange Commission (SEC) to approve its spot BTC ETF before investors get financially harmed.This article was originally published on Crypto.news More
In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.Continue Reading on Coin Telegraph More
The FASB is the United States organization that sets accounting and reporting standards for organizations that follow U.S. Generally Accepted Accounting Principles (GAAP). It issued a call for comments on proposed changes to the FASB Accounting Standards Codification in March.Continue Reading on Coin Telegraph More
Enterprise crypto platform Orbital raised $6.4 million (5 million euros) in a funding round led by venture firm Golden Record Ventures. Additional investors included New Form Capital, GSRV and Luminous Futures. The funding will be used to expand Orbital’s product development — specifically, blockchain payment infrastructure for traditional businesses. The company allows traditional businesses to accept crypto payments from its customers and convert them into fiat currencies like the U.S. dollar, euro and British pound. The company claims to process $250 million in transactions every month for its clients.Continue Reading on Coin Telegraph More
In a Sept. 6 filing, ARK Invest and 21Shares requested the SEC approve the listing of shares of a spot Ether (ETH) ETF on the Cboe BZX Exchange. The investment vehicle, called the ARK 21Shares Ethereum ETF, will have crypto exchange Coinbase (NASDAQ:COIN) act as a custodian and will measure the performance of Ether based on the Chicago Mercantile Exchange CF Ether-Dollar Reference Rate.Continue Reading on Coin Telegraph More
GGC filed the complaints against Digital Currency Group (DCG) and DCG International Investments (DCIG) in the Southern District of New York Bankruptcy Court. GGC and DCGI are both owned by DCG. Continue Reading on Coin Telegraph More
According to local news reports on Sept. 6, HashKey has signed a memorandum of understanding with fintech firm OneDegree for insurance coverage on exchange wallets. The insurance policy will apply to both hot wallets and cold storage addresses.Continue Reading on Coin Telegraph More
