Category: Latest news
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Bitcoin about to witness sixth death cross in 5 yrs
[ad_1] Quick Take As Bitcoin’s price hovers around $26,000, technical indicators suggest a death cross is imminent, a situation defined by the 50-day moving average (DMA) falling below the 200 DMA. Currently, the 50dma is around $27,625, strikingly close to the 200dma at $27,618. This impending event is a signal of weakening price momentum, often…
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Elizabeth Warren criticizes upcoming closed-door AI summit between senators, tech leaders
[ad_1] Senator Elizabeth Warren criticized a series of upcoming meetings with AI industry leaders in a conversation with NBC on Sept. 12. There, Warren commented on the closed nature of proceedings, stating: “These tech billionaires want to lobby Congress behind closed doors with no questions asked. That’s just plain wrong … They [want to] shape…
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OneCoin co-founder Karl Sebastian Greenwood receives 20-year prison sentence
[ad_1] Karl Sebastian Greenwood, one of the co-founders behind the notorious crypto scheme OneCoin, has been sentenced to 20 years in prison, according to the U.S. Attorney’s Office for the Southern District of New York on Sept. 12. Authorities said Greenwood worked with the notorious fugitive Ruja Ignatova, also known as “Cryptoqeen,” on OneCoin, which…
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Franklin Templeton applies for spot Bitcoin ETF, tapping Coinbase as custody institution
[ad_1] Franklin Templeton applied for a spot Bitcoin (BTC) exchange-traded application with the U.S. Securities and Exchange Commission on Sept. 12. In the filing, the global investment firm said the fund’s asset would be custodied at Coinbase-and it would trade on Cboe BZX Exchange, Inc. The filing did not include the proposed ticker for the…
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CoinEx suffers security breach with more than $27M thought to be compromised
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Sony subsidiary and Starlate join forces to build new blockchain for global Web3 infrastructure
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Gensler defends extensive rule-making record in congressional grilling
[ad_1] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler defended the agency’s record of regulation, enforcement, and its rulemaking authority during a contentious hearing before the Senate Committee on Banking, Housing, and Urban Affairs this Tuesday, Sept. 12. The hearing highlighted the tension between the SEC’s extensive rulemaking under Gensler’s tenure and those who…
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Stablecoin holders can earn 8.5% annually on USDC, USDT via Ledn Growth Accounts
[ad_1] Crypto lending firm Ledn announced on Sept. 12 that its interest-bearing Growth Accounts now support both of the crypto market’s leading stablecoins. Mauricio Di Bartolomeo, Co-Founder and CSO of Ledn, said: “We have listened to the industry’s demand for a new way to earn yield in a safer and more transparent manner … Ledn’s…
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U.S. Treasury yield spread dips to historic lows signaling economic caution
[ad_1] The U.S. Treasury yields have recently been flashing warning signs. These yields, representing the return on investment for U.S. government bonds, serve as a crucial barometer of market sentiment and overall economic vitality. An area of particular interest in this context is the spread between the 10-year Treasury yield and the 3-month Treasury yield.…
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Class action case against Bitfinex gets dismissed, marking another legal win
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…