UK Introduces Bill to Clarify Crypto’s Legal Status
The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
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Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading
It’s been a trend for the last few weeks that cryptocurrencies selloff as the U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.
Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets.
CoinDesk 20 Performance Update: Index Falls 2.1% with Only Two Gainers
Internet Computer gained 2.7% and Uniswap rose 0.3%, as all 18 other assets declined.
Binance.US Chooses Fireblocks to Bolster Crypto Custody, Staking Services
The exchange will use Fireblocks to power hot and cold custody, customer deposits and withdrawals, and further expand staking services.
Osmosis Launches Cross-Chain Token Portal ‘Polaris,’ Expanding Beyond Cosmos Roots
Polaris is described as a “token portal” aimed at solving one of decentralized finance’s biggest challenges: fragmented user experience.
U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week.
Former FTX Executive Caroline Ellison’s Sentencing Hearing Set for Sept. 24
Former Alameda Research CEO Caroline Ellison’s sentencing hearing has been scheduled for Sept. 24, 2024, at 3:00 p.m. EDT.
Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst
Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week’s fear-inducing plunge.
Bitcoin ETFs Are Fine Despite Suffering Their Worst String of Outflows, Says Expert
The recent plunge in the price of bitcoin was accompanied by a sizable amount of net outflows from the 12 U.S. spot exchange-traded funds (ETFs). While on its face, that might appear worrisome, it’s more likely a sign of healthy growth.