As of September 18, the broader crypto market has risen a percent as major cryptocurrencies like Bitcoin and Ethereum featured their return to pre-September levels. This bullishness bled to the altcoin market, prompting many tokens to follow the trend. Nervos…
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CME Traders Bet Big Against Bitcoin As US Fed Rate Cut Looms
Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market,…
“PickleBit”: Proof of Workforce, Fold, and Pickle Pop Partner on Pickleball Tournament, Offer Bitcoin Prize Pool
The Santa Monica-based non-profit Proof of Workforce Foundation has partnered with Bitcoin financial services company Fold and Pickle Pop to organize a Bitcoin-themed Pickleball tournament, offering a $5,000 prize pool for entrants and winners. The tournament is slated to be…
River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve
River, a leading U.S. Bitcoin exchange, has launched River Proof of Reserves to provide clients with verifiable proof that their Bitcoin holdings are fully reserved. This sets a new transparency standard for the industry after recent failures of exchanges like…
Bybit Card Now Fully Open for Users in Brazil
Dubai, United Arab Emirates, September 18th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, officially starts accepting applications for the Bybit Card from all users in Brazil. This marks another significant step in the company’s mission to…
BNB Chain Announces Major Update For Stablecoin Infrastructure
Dubai, UAE, September 18th, 2024, Chainwire BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced new developments as part of a strategic focus to become the core infrastructure for stablecoin payments and digital…
Experts: Defi Thrives Where Banks Falter, Fragmentation a Hurdle
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these…
SEC Hits Flyfish Club With Charges for Unregistered NFT Offering
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay…
XRP Price Eyes Critical Upside Break: Is a Surge Imminent?
XRP price is still facing many hurdles near $0.600. The price is consolidating gains and might aim for a clear move above $0.5920 and $0.600. XRP price remained supported near the $0.5620 zone. The price is now trading below $0.5850…
Triple Bottom Formation: Is Ethereum Set For Major Upswing In Q4?
The cryptocurrency market, led by the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), surged on Tuesday to levels not seen in over a month in anticipation of the Federal Reserve’s (Fed) imminent announcement of its first interest rate cut since…