Crypto

Bitcoin braced for further gains toward $120,000 after finishing the week in the green above $115,000, new price analysis concluded. Key takeaways: Bitcoin’s weekly close above $115,000 signals bullish strength.  BTC’s bull flag breakout could trigger a rally to $120,000. Read more

UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce. United Kingdom-based cryptocurrency industry advocacy groups called on the Bank of England not to proceed with plans to limit individual stablecoin holdings. In a November 2023 discussion paper, the bank floated setting individual caps on digital pounds between 10,000 British pounds ($13,558) and 20,000 pounds and asked for feedback on a possible lower limit of 5,000 pounds. According to a Monday Financial Times report, industry groups criticized the plan, saying it would be difficult and expensive to implement and could leave the UK lagging behind other jurisdictions. Read more

Atkins signaled a departure from the enforcement-first approach of the SEC during Gensler’s leadership, including preliminary notices prior to enforcement actions. The US Securities and Exchange Commission (SEC) chair continued steering the regulatory agency in a different direction than its previous enforcement-first policy toward the crypto industry. In an interview with the Financial Times published Monday, SEC Chair Paul Atkins said the agency is departing from the aggressive enforcement actions common during the administration of former President Joe Biden and former SEC Chair Gary Gensler. US cryptocurrency businesses can now expect preliminary notices of technical violations before any agency enforcement actions, Atkins told the FT. Read more

Bitcoin headed into the Fed interest-rate cut with analysis bullish on the macro outlook, but traders split over new BTC price highs. Bitcoin (BTC) traders geared up for volatility as crypto heads into the US Federal Reserve interest-rate decision. Bitcoin bulls have a clear resistance level to overcome at $117,000 as the week gets underway. All eyes are on the Fed as markets unanimously expect the first interest-rate cut of 2025 to come on Wednesday. Read more

Yield-bearing stablecoins promise steady income onchain, but regulation, taxes and risks make them more complex than cash. Here’s what you need to know in 2025. Yield-bearing stablecoins include treasury-backed, DeFi and synthetic models. US and EU law ban issuer-paid interest; access is often restricted. Rebases and rewards are taxed as income when received. Read more

Shiba Inu’s DeFi team offered a $23,000 bounty to the Shibarium bridge attacker after a $2.4 million exploit, urging the return of stolen funds. Shiba Inu’s decentralized finance platform on its Shibarium layer-2 network offered a 5 Ether ($23,000) bounty to the attacker behind a recent bridge exploit, urging the return of stolen assets. On Monday, the DeFi platform sent an onchain message to the attacker saying that the bounty offer will remain open for 30 days. The protocol added a deadline and a condition that the bounty will begin decreasing in seven days. “Settlement is atomic when we call recoverKnine(). If you call accept() we cannot cancel the deal. Code is law,” K9 Finance wrote. “Bounty is live. Please, act fast.” Read more

With the Federal Reserve’s highly anticipated rate cut decision drawing close, experts remain bullish on Bitcoin in the long run.

The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, marking the first such initiative by a global exchange. Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration. The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds, making it the first major global stock exchange to use such a system. The platform, called Digital Markets Infrastructure (DMI), supports the full lifecycle of digital assets, from issuance and tokenization to post-trade settlement. It was developed with Microsoft and runs on Microsoft Azure, the exchange said on Monday. Read more

Monero's rollback, tied to mining pool Qubic, erased 118 transactions and reignited concerns over selfish mining.

The OKX exchange is targeting self-managed super funds as allocations rise, even as official data show crypto remains a minor share.

Despite September’s pullback, investors see scope for a year-end Bitcoin rebound on supportive macro trends and options flows.

Native Markets secured the USDH ticker after Ethena’s withdrawal and validator backing, setting the stage for a phased rollout.

Stripe-owned Bridge to manage reserves alongside BlackRock, with rollout starting in days.

Executives who helped the bogus crypto exchange V Global dupe some 50,000 customers out of some $1.4 billion have escaped jail. The post V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case appeared first on Cryptonews.

Ethereum developers are endeavoring to ensure that the second-largest blockchain lives up to one of the foundational tenets of the crypto community: end-to-end privacy. In a post on Friday, the Ethereum Foundation’s ‘Privacy & Scaling Explorations’ team rebranded to ‘Privacy Stewards of Ethereum’ (PSE). The team laid out a roadmap to “make privacy on Ethereum […] The post Ethereum developers set sight on introducing end-to-end privacy appeared first on CryptoSlate.

Cryptocurrencies and blockchain technology can modernize the entire capitalist system and are not just a niche internet development. Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius.  Mumtaz said that crypto supercharges all the necessary ingredients for capitalism to function properly, including the free flow of information in a decentralized way, immutable property rights, incentive alignment, transparency, and “frictionless” capital flows. Mumtaz added: In September, the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), two US financial regulatory agencies, released a joint statement teasing the possibility of 24/7 capital markets in the country. Read more

BitMEX says BRC-20 tokens strain Bitcoin nodes more than Ordinal images, expanding the UTXO set and doubling it to 169M entries.

Native Markets claimed the US dollar-pegged stablecoin ticker following a heated bidding war closely watched by the crypto community. Native Markets, one of the teams that submitted a proposal to issue and manage the Hyperliquid crypto exchange’s US dollar stablecoin (USDH), officially claimed the USDH ticker on Sunday, following a community vote. The project will deploy the inaugural Hyperliquid Improvement Proposal (HIP) for USDH and an ERC-20 token, the token standard for the Ethereum network, in the coming days, Max Fiege, founder of Native Markets, said in an X post. He also outlined the next steps: Native Markets’ odds of winning the ticker spiked to over 99% on Saturday, on prediction market Polymarket, following synthetic stablecoin issuer Ethena’s withdrawal from the race on Thursday.  Read more

The Bitcoin hashrate crossed an important milestone this week, hitting 1 zetahash per second. That’s 1,000,000,000,000,000,000,000 hashes computed every single second. To put it simply: Bitcoin is more secure and powerful than ever. As macro investor and long-time Bitcoin advocate, Dan Tapiero questioned: “How do people still not get it?” Bitcoin hashrate at an all-time […] The post The Bitcoin hashrate hit 1 zetahash per second; ‘how do people still not get it?’ appeared first on CryptoSlate.

According to Gold Telegraph, it’s “likely” that Russia is buying silver for its reserves, sending shockwaves through precious metals markets. For the first time, a central bank is disclosed to be actively accumulating silver, marking a sharp shift in global reserve strategy and a “monumental” moment for silver itself. A new era if Russia is […] The post ‘Monumental’: Russia is likely buying silver for its reserves appeared first on CryptoSlate.