Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of the Middle Eastern conflict spurred a surge in precious metals and crude oil prices.
Mideast Crisis Sends U.S.
NFTs Can't Catch a Break as Protracted Drop in Sales Continues – Markets and Prices Bitcoin News
October 9, 2023
For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week.
NFT Sales Bleed Out: The Unrelenting Seven-Week Descent
Although the broader…
Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero – Featured Bitcoin News
October 9, 2023
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the executive opined: “That was the stupidest investment I ever…
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment – Learning - Insights Bitcoin News
October 9, 2023
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in a fiat scenario.
Crypto Cards — How They Work and What Are the Offerings in 2023
While not as immediate as…
Free Talk Live co-host Ian Freeman has been sentenced to eight years in prison for selling bitcoin without a license, the SEC has taken in a loss in its push for interlocutory appeal against Ripple, and a verified “Satoshi” handled has stirred up controversy and debate…
Binance Announces UK Domain Compliant With New Crypto Promotion Rules – Exchanges Bitcoin News
October 8, 2023
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest rules for crypto…
Backed Finance Tokenizes Treasury Bond ETF on Coinbase's Base Network – Defi Bitcoin News
October 8, 2023
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares short-term Treasury bond ETF.
Tokenizing U.S. Bonds on Coinbase’s L2
According to Backed Finance’s…
Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the…
October Resurgence: Decade-Old Bitcoin Wallets Awaken, Moving Over $50 Million in Vintage BTC – Bitcoin News
October 8, 2023
Though Bitcoin’s value has risen from its position last month, September saw a surge in dormant Bitcoin transfers from long-inactive BTC wallets. This trend hasn’t slowed; in the initial week of October, several 2014 wallets came alive, moving 860 BTC — valued at over…
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker – Exchanges Bitcoin News
October 7, 2023
Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in compliance with European regulations,” the exchange emphasized, adding that it is “actively pursuing” registrations in several European markets.
Kraken to…
