In the latest developments, Coinbase (NASDAQ:COIN) and Circle decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins, possibly as an anticipation of upcoming legislation coming from the U.S. Congress. Continue Reading on Coin Telegraph More
The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen some new evidence — read our detailed investigation to learn about every aspect of the exploit and the plight of the victims thereafter.Continue Reading on Coin Telegraph More
In an Aug. 25 filing in United States District Court for the Southern District of New York, SBF’s legal team said the plan proposed by prosecutors to allow the former FTX CEO access to discovery materials before trial were inadequate. Lawyers said the U.S. Justice Department produced roughly 4 million pages worth of discovery materials on Aug. 24 and there were “millions of pages of documents and terabytes of data” left for SBF to review for his criminal trial.Continue Reading on Coin Telegraph More
Binance’s peer-to-peer exchange service is a message board allowing users to offer to buy or sell cryptocurrency. It also functions as a crypto escrow service. However, unlike Binance’s main exchange platform, it leaves fiat payments to be handled by users, and no fiat money passes through Binance’s servers.Continue Reading on Coin Telegraph More
While its identity has now been attributed to Robinhood (NASDAQ:HOOD), questions still linger, as the financial giant has neither confirmed nor denied these allegations. Some on-chain analysts posit that the stash actually belongs to MicroStrategy, the U.S. business intelligence and analytics software firm, which holds 152,800 BTC, as per their recent submission to the U.S. Securities and Exchange Commission.Continue Reading on Coin Telegraph More
In an Aug. 23 YouTube video, Hajarabi said they witnessed “very questionable” activities at Worldcoin (WLD), including “sloppy and/or illegal things” prior to quitting the project before its token launch on July 24. They claimed the organization was holding some of their pay and were speaking with authorities in different jurisdictions as part of probes into Worldcoin.Continue Reading on Coin Telegraph More
The familiar Bitcoin halving cycle has turned heads again, hinting at a significant shift in BTC price behavior as the final quarter of 2023 approaches. With industry experts closely monitoring the trend, many smart investors are taking advantage of the situation, positioning themselves for a notable surge in value.Bitcoin’s price seems destined to remain rangebound until at least the fourth quarter of 2023, a prediction made by Filbfilb, an esteemed market analyst and co-founder of the crypto analytics platform Decentrader.As revealed in a thread on X (previously known as Twitter), Filbfilb advised his followers that they should brace for stagnation in BTC price leading into the year’s end. This advice comes despite a bullish 70% gain for Bitcoin in Q1.Bitcoin’s current situation isn’t raising much cheer among bulls. Yet, Filbfilb observes little change in Bitcoin’s price action during this halving cycle compared to previous ones.The digital currency finds itself 1200 days after the last halving, during which it typically consolidates. By examining various comparative charts, Filbfilb predicts miners will likely start to push prices higher as the Bitcoin halving approaches – which has historically occurred around 1,276 days after each preceding halving.Miners are motivated to secure prices that exceed marginal costs leading up to the halving. Regardless of whether they actively collude, they share a collective drive to boost prices before their marginal revenue is cut in half. Filbfilb added that this effect, in combination with intelligent investors keen on seizing opportunities around the potential positive price impact of Bitcoin halving, has previously bolstered the market.This calculation leads to early November as a prospective deadline for these behaviors to manifest.From a chronological standpoint, Filbfilb suggests that the fourth quarter appears vital for Bitcoin. During this time, he expects a constrained supply and an influx of new capital driven by speculation.Concluding his analysis, Filbfilb anticipates an explosive Q4 for Bitcoin. During this period, the interplay between historical patterns and contemporary market dynamics could set the stage for a riveting close to the year. The savvy investors and Bitcoin enthusiasts who heed these signals may find themselves well-positioned to capitalize on what could be a transformative moment in the cryptocurrency market.While Filbfilb’s analysis provides an insightful perspective on Bitcoin’s potential price trajectory, it’s essential to recognize the inherent volatility and unpredictability of the cryptocurrency market. Users should always perform their own due diligence, research, and risk assessment before making investments. This article was originally published on Crypto.news More
The digital euro can help the European Union overcome challenges such as cross-border payment barriers, the costs to businesses of using private payment service providers (PSPs) and the general lack of PSPs in Europe. The development of central bank digital currencies and stablecoins elsewhere could make the last problem worse without the introduction of the digital euro. She said:Continue Reading on Coin Telegraph More
