Congressmen ask SEC to eliminate rule that prevents banks from holding bitcoin

Key facts: According to the congressmen, this regulation turns the capacity of cryptocurrency custody “upside down.” They criticise that the regulations were issued without consulting any of the prudential regulators. In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, a group of 42 Republican lawmakers, led by Patrick McHenry (R-NC) and Senator … Read more

China cuts rates to combat deflation as fears of global crisis grow

Amid slowing growth and low investor confidence, the Central Bank of China (PBOC) announced the implementation of one of the largest stimulus packages since the start of the Covid pandemic in 2020. Unlike Western countries, its main objective is to counter deflation. As reported by PBOC Governor Pan Gongsheng, the goal is to bring annual … Read more

“Interest rate cuts may not mean what you think,” analyst warns

The US Federal Reserve (Fed) has cut its interest rate by 0.5 percentage points, bringing it to 5.0%. This is the first reduction since 2020 by the agency led by Jerome Powell. As reported by CriptoNoticias, bitcoin (BTC) and cryptocurrencies reacted with high volatility after the agency’s decision was announced. In contexts of lower interest … Read more

Telegram will share users’ personal data with governments that ask for it

Key facts: Users’ IP addresses and phone numbers will now be disclosed to authorities. Durov says they will not allow bad actors to “jeopardize” the platform. Following the arrest of Telegram CEO Pavel Durov in France last August, the platform announced changes that compromise user privacy. On Monday, September 23, Durov announced on its official … Read more

Polymarket to launch its own cryptocurrency

Key facts: According to sources, Polymarket aims to raise USD 50 million with this launch. Some Bitcoiners are critical of Polymarket’s initiative. Polymarket, the leading prediction market platform, is reportedly considering a token issuance valued at over $50 million. The information was given by the newspaper The Informationwhich is based on sources who preferred to … Read more

“Gold is heralding a black swan event for the global economy”

The fact that the price of gold has reached a new all-time high this week, trading above $2,600, seems to be heralding the occurrence of a black swan event, both for the cryptocurrency market and the global economy. This is stated by the analyst Cryptoinsightsuk, who in a message published on X draws attention to … Read more

“The risk of recession is low,” according to Coinbase

Key facts: US interest rate cut marks turning point for volatile assets. Bitcoin soared above $63,000 after rate cut The US Federal Reserve (Fed) has decided to cut interest rates by 0.5 points, bringing them to 5%. Markets reacted with high volatility after the announcement, although doubts remain as to what direction the economy of … Read more

Miners get a respite from the income crisis thanks to Fractal Bitcoin

Merged Bitcoin (BTC) and Fractal Bitcoin (FB) mining is giving BTC miners a breather amid the low profitability of this activity at present. In the last 24 hours, The combined mining of both cryptoassets generated revenues of almost $1 million, According to statistics from the pool F2pool cryptocurrency exchange. In turn, in the ranking 24-hour … Read more

Protocol challenging the Lightning Network had its first Bitcoin transactions

Last Friday, September 20, via a video conference, ARK Protocol developers demonstrated the viability of their scalability solution for Bitcoin. The demonstration, witnessed by prominent Bitcoiners and ecosystem representatives, marked a milestone in the evolution of transactions on the Bitcoin network. During the test, witnessed by Stephan Livera, Marty Bent, John Carvallo, Vivek4real and other … Read more

Mexican university closes alliance to promote cryptocurrency education

The Autonomous University of Nayarit (UAN) and the Zona Tres organization formalized an alliance with the aim of promoting education in cryptocurrencies and emerging technologies among the university population. This collaboration aims to offer thousands of university students the opportunity to access specialized training, preparing them for the challenges of the contemporary labor market. As … Read more