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Bitcoin’s ‘local market structure’ could push BTC price to new all-time high — Analysts
Analysts say Bitcoin’s recent price action could be a sign that the path to new all-time highs has begun. Bitcoin (BTC) price is trading 16% above the local low of $52,546 reached on Sept. 6, leading analysts to believe that this reversal could be the start of a path to new all-time highs. “Bitcoin’s Local structure…
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Wintermute to launch multi-chain prediction market amid election betting craze
Wintermute announced the creation of a smart contract for a new US presidential election prediction market called OutcomeMarket on Sept. 17. The market, set to launch next week, will operate on several chains, including Ethereum (ETH), Base, and Arbitrum (ARB). Additionally, it will debut two new tokens called TRUMP and HARRIS. OutcomeMarket aims to increase…
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US gov’t cites Caroline Ellison’s ‘extraordinary cooperation’ before sentencing
Lawyers representing the former Alameda Research CEO have requested time served and supervised release — an outcome that appeared more likely after a filing by US Attorneys. Former Alameda Research CEO Caroline Ellison, set to face a sentencing hearing on Sept. 24, may receive a lenient sentence after a recommendation from United States prosecutors. In a…
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Circle integrates USDC with national payment systems of Brazil, Mexico
USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions. Circle has integrated its USD-pegged stablecoin USD Coin (USDC) with Brazil and Mexico’s national real-time payment systems. According to a Sept. 17 announcement, the stablecoin is now available within both countries’ baking…
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DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody’s Says
The Wall Street ratings agency’s first-ever report about the sector underscores the increased attention towards DePIN apps.
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Wintermute launches OutcomeMarket, US election prediction tokens
The new market will feature Chaos Labs’ Edge Proofs Oracle support, but probably won’t be accessible in the United States. Algorithmic cryptocurrency trader and liquidity provider Wintermute is launching the OutcomeMarket US presidential election prediction market with the support of Chaos Labs’ Edge Proofs Oracle. Its HARRIS and TRUMP tokens are expected to be available…
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Some pro-crypto Trumpers suggest he ‘lost their votes’ after token launch
Though some Donald Trump supporters said nothing would stop them from voting for the Republican candidate, others didn’t seem to be pleased by his latest crypto lending project. Less than 24 hours after Republican presidential nominee Donald Trump announced plans to launch a token through his World Liberty Financial project, many crypto users criticized the…
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SEC commissioners argue securities laws are unnecessary in Flyfish NFT case
SEC Commissioners Hester M. Peirce and Mark T. Uyeda criticized the regulator’s enforcement action against the Flyfish Club non-fungible token (NFT) collection. In a Sept. 16 letter, the commissioners argued that securities laws are not applicable in this case. Flyfish Club, a dining establishment, sold NFT as exclusive access to a future restaurant and bar.…
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Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why
Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last. Bitcoin (BTC) price gained 6.4% in less than 12 hours on Sept. 17, breaking above $61,000 for the first time in three weeks. However, despite this price rally, derivatives markets indicate…
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SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams
The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms…
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