Cryptocurrency

Data from Santiment, as shared by renowned on-chain analyst @Ali_Charts, shows that a total of 11,000 BTC have been withdrawn from crypto trading wallets in the past 24 hours. The sum is worth a total of $330 million, and this move serves as a very good omen for Bitcoin’s impending bullish run.The theories backing this bullish run are that whales are no longer mulling a selloff of BTC, and the withdrawal might be targeted at safe custody on hot wallets. While it is hard to note the exact purpose of on-chain transactions, the withdrawals are helping to limit the total BTC supply on secondary marketplaces, lending a positive undertone to the coin’s potential price upshoot.As earlier by U.Today, The correlation between U.S. equities and the iShares Core U.S. Aggregate Bond ETF (AGG) stood at 40% and 33%, respectively, for the month of August, according to data that comes from data analytics firm Kaiko.Ahead of the anticipated of a spot Bitcoin ETF, BTC bulls can take solace in this correlation in that it largely legitimizes the coin as a viable investment asset.This article was originally published on U.Today More

On Aug. 15, the Monetary Authority of Singapore (MAS) released its regulatory framework for stablecoins in the city-state. In the newly-published guidelines, the financial regulator highlighted that it would consider three business days as a timely transfer for SCS despite some feedback calling for a shorter time frame. Continue Reading on Coin Telegraph More

The volatility of cryptocurrencies, which can cause significant swings in the value of the collateral during the loan term, is one fundamental cause for concern. These market fluctuations could result in margin calls, forcing borrowers to increase their collateral or risk liquidation. Continue Reading on Coin Telegraph More

The Dubai AI and Web 3.0 Campus — an aspiring tech hub — announced the decision to subsidize the licenses for companies willing to set up a base in the city. The licenses will be issued by Dubai International Financial Centre (DIFC) as the city eyes an influx of global talent and diversified investors.Continue Reading on Coin Telegraph More

Coinbase integrated the option for 100% of its users to deposit and withdraw money from their accounts via the Interac e-Transfer service. According to the exchange, this feature was the most requested update from Canadian users since launching in the country earlier in August. Continue Reading on Coin Telegraph More

Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own ‘holy grail’ Ethereum-scaling zkEVM hit mainnet on March 27. Continue Reading on Coin Telegraph More

Judge Martin Glenn of the Southern District of New York bankruptcy court approved a motion to allow Celsius customers to vote on a settlement of class claims to reimburse participants in Celsius’ Earn program, as well as to increase customers’ recoveries by 5% to resolve claims concerning fraud and misrepresentation by Celsius management.Continue Reading on Coin Telegraph More

Despite their vast agricultural and mineral wealth, many African countries face issues such as limited access to global markets, unfair trading conditions, lack of transparency in transactions and susceptibility to market manipulation. These challenges hinder economic growth, perpetuate poverty and prevent many Africans from realizing their full potential.Continue Reading on Coin Telegraph More