The post Bitcoin is Close to A Breakout—Could This Be the First Bullish September in History? appeared first on Coinpedia Fintech News The crypto markets are approaching the end of the August trade and are about to enter the last phase of the Q3 trade. Besides, the volatility continues to remain at grounded levels, which […]
ZepetoX raised 13M on Arbitrum; ROE expansion attracts experts
ZepetoX (ZTX), the Jump Crypto and Zepeto-backed initiative, recently raised 13 million for its metaverse platform on Arbitrum. At the same time, experts are still drawn to Borroe ($ROE) as it maintains its stance as the best ICO right now. The game-changing $ROE The volatility of the crypto ecosystem keeps freshmen on the lookout for […]
Solana-based Clockwork to shutter citing ‘limited commercial upside’
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside.” In a series of X (Twitter) posts on […]
Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively prevent banks from issuing payments stablecoins — or engaging in the payment stablecoin ecosystem.” Fed’s Efforts ‘Subvert Progress […]
Breaking traditions: Why gold prices defy 10-year Treasury yield movements
Historically, the 10-year Treasury yield has been a reliable barometer of broader economic sentiment. However, recent data suggests a weakening correlation between this yield and another key asset: gold. This divergence, not seen in decades, has profound implications for investors and the broader market. The 10-year Treasury yield represents the return on investment for U.S. […]
Friend.tech threatens to punish users if they use copycat apps
Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited. Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform. “To make sure […]
SEC Commissioners Peirce, Uyeda push back against SEC’s NFT enforcement action
SEC Commissioners Hester Peirce and Mark T. Uyeda have vocalized their disagreement over the Commission’s handling of its enforcement action against Impact Theory, marking the first enforcement action of the SEC against a non-fungible token (NFT). The concerns, articulated in a public statement, highlight the complexities surrounding the regulation of NFTs, a rapidly evolving asset […]
OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version
OpenAI also claims it is two times faster than GPT-4 with enhanced privacy and security standards. OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure, and powerful version of the chatbot for businesses. The firm explained in an Aug. 28 post that ChatGPT Enterprise offers unlimited […]
Crypto bull run: Traders share their plans for the ‘tornado’ to come
Millions of new crypto investors could be experiencing their very first bull run soon, and those who’ve been through it have shared how they plan to tackle it. With as much as 130 million people introduced to cryptocurrencies since the end of 2021, millions of investors could soon be looking at their first crypto bull […]
Bankman-Fried Lawyers Seek Client’s Temporary Release for Trial Prep
Sam Bankman-Fried’s high-powered legal team is pushing for the FTX founder’s temporary release from jail ahead of his October trial on fraud charges. In a motion filed Thursday, lawyers Mark Cohen and Christian Everdell claim Bankman-Fried’s Sixth Amendment rights are being violated by inadequate access to discovery documents needed to help prepare his defense against […]