The United States Securities and Exchange Commission (SEC) has entered into an agreement with a blockchain analytics firm to focus more on the decentralized finance (DeFi) industry.
Hash Rate Doubles Since June: Bitcoin Network Continues to Strengthen
The worst may be over for the Bitcoin network as the hash rate has doubled, while other metrics are slowly recovering from their lowest levels in 2021.
Whales Buying Bitcoin as Market Shows Signs of Recovery
According to a report by the Independent, the data suggests bitcoin whales are continuing to buy and a new price rally is "imminent." Large investors - holding at least $50 million in assets in their wallets - increased their assets during the first half of June, July and August.
Jack Dorsey to Set Up Decentralized Bitcoin Exchange
Jack Dorsey, CEO of tech giants Square and Twitter, announced Friday that Square's new decentralized finance division, TBD, plans to set up a decentralized Bitcoin exchange.
Ripple Requests Clarification on SEC Employees' XRP Assets
Ripple recently taken action to force the United States Securities and Exchange Commission (SEC) to disclose policies and information about its employees trading cryptocurrencies such as Bitcoin, Ethereum and XRP. This move will contribute to Ripple's fair warning defense.
$470 Million ETH Burned
Just over $470 million was burned with the EIP-1559 network upgrade, which eliminated transaction fees rather than giving them to miners. That equates to approximately 144,920 ETH units.
NFT Review from Visa
Visa NFT's leap into the market was due to an assessment of underlying technology and its ability to serve as a "promising environment for fan engagement," according to a recent report by the global payments giant.
Again FUD, People's Bank of China Official: "Bitcoin Has No Value"
The Central Bank of China reiterated its warning against Bitcoin and other cryptocurrencies, saying they are not legal tenders and have no value.
Standard Chartered Launches Blockchain Trading Platform with China Fintech Company
UK-based multinational banking firm Standard Chartered has launched a blockchain-backed trading finance platform through a joint venture with Chinese supply chain finance technology provider Linklogis.
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