Author: Max Bauer

While some cryptocurrency insiders believe former President Donald Trump is more crypto-friendly than Vice President Kamala Harris, the potential impact of the upcoming U.S. presidential election on the global crypto market is expected to be minimal. Charles Hoskinson, co-founder of the Ethereum blockchain, expressed optimism about a Trump presidency for cryptocurrency adoption. However, he emphasized that regulatory frameworks are being developed worldwide, regardless of U.S. policies. Anthony Scaramucci, founder of SkyBridge Capital, predicted that Harris would maintain a similar approach to crypto regulation as Trump. He praised Harris’s economic policies and expressed confidence in her leadership. Jeremy Allaire, CEO of…

Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, has announced an investment in Hemi Labs, the developer of the Hemi Network. Hemi is a modular blockchain network designed to enhance scaling, security, and interoperability between Bitcoin and Ethereum. By combining the strengths of these two leading protocols, Hemi aims to address an underserved segment of Web3 and create new opportunities for developers and investors. The investment from Binance Labs will accelerate Hemi’s growth in several key areas, including decentralized application development, improved Bitcoin interoperability, and secure asset transfers between Bitcoin and Ethereum. Hemi Labs plans to…

Cryptocurrency exchange Bitget and venture capital firm Foresight Ventures have announced a strategic investment of $30 million in the TON blockchain network. The investment will be used to purchase TON tokens and support the development of the TON ecosystem. Both Bitget and Foresight Ventures will actively participate in the governance and future planning of TON, aiming to foster the growth of innovative decentralized applications (dApps) on the network. Gracy Chen, CEO of Bitget, expressed enthusiasm about the partnership, stating, “By joining forces, we will collaboratively develop more cutting-edge products and solutions to expedite the full realization of the TON ecosystem.”…

Fintech giant Revolut is reportedly planning to enter the stablecoin market, according to multiple sources. The London-based company, which recently obtained a U.K. banking license and boasts a $45 billion valuation, is said to be well-advanced in developing its own stablecoin. A Revolut spokesperson confirmed the company’s intention to expand its cryptocurrency offerings, emphasizing a compliance-first approach to establish a secure and accessible platform for the crypto community. “Crypto is a fundamental part of our vision for borderless banking,” the spokesperson stated. “We are committed to becoming the safest and most accessible provider of crypto asset services.” The stablecoin sector,…

Binance Futures, a leading cryptocurrency derivatives trading platform, has announced the launch of a new perpetual contract for Kadena (KDA). The KDAUSDT Perpetual Contract will allow users to trade Kadena with up to 75x leverage, providing increased exposure and potential returns. The contract will be available for trading starting at 1:30 PM UTC on September 18, 2024. Key features include a tick size of 0.0001, a capped funding rate of +2.00% / -2.00%, and a funding fee settlement frequency of every four hours. The contract will be available for 24/7 trading and supports multi-assets mode.

Cryptocurrency analysis firm QCP Capital has issued a warning about potential market volatility ahead of today’s Federal Reserve interest rate decision. The firm believes that the Fed’s actions will have a significant impact on the trajectory of financial markets in the coming months and years. According to QCP Capital, market participants are currently anticipating a 50 basis point interest rate cut, with a 33% probability assigned to a 25 basis point reduction. However, economists surveyed by Bloomberg are more conservative, with a majority predicting a 25 basis point cut. The firm emphasized that the uncertainty surrounding the Fed’s decision extends…

Binance, the world’s largest cryptocurrency exchange, has published an analysis on the potential impact of the Federal Reserve’s upcoming interest rate decision on cryptocurrency prices. The analysis suggests that a series of rate cuts, as anticipated by the market, could have a positive effect on digital assets. Historically, cryptocurrencies like Bitcoin have often reacted negatively to rate hikes but positively to rate cuts. Lower interest rates can lead to increased liquidity in the financial system, driving up demand for riskier assets like crypto. Additionally, Bitcoin’s anti-inflationary qualities and potential for hedging against currency devaluation could make it more attractive to…

Bitcoin reclaimed the $60,000 mark on Tuesday as investors eagerly awaited the Federal Reserve’s announcement regarding its rate cutting plans. The price of the flagship cryptocurrency surged by 4.3% to $60,394.41, according to Coin Metrics. At its peak, Bitcoin reached $61,335.83. The initial price surge was fueled by the announcement of former President Donald Trump’s new crypto venture, World Financial Liberty Coin. As the Federal Reserve began its two-day policy meeting, Bitcoin breached the $60,000 level. The market is widely expecting the central bank to cut interest rates for the first time in four years, which could positively impact risk…

The U.S. Securities and Exchange Commission (SEC) has accused two alleged fake crypto platforms, NanoBit and CoinW6, of defrauding investors through “relationship investment scams.” In its first charges alleging this type of scam, the SEC filed two complaints against five entities and three individuals in federal court. The SEC alleges that the platforms used social media platforms like WhatsApp, LinkedIn, and Instagram to target potential investors. The scammers posed as financial professionals or wealthy individuals to build relationships with victims and convince them to invest in the fake crypto platforms. “Relationship investment scams pose a significant risk to retail investors,…

A recent analysis by CryptoQuant has revealed that the number of bitcoin centralized exchange depositing addresses has reached its lowest level since 2016. This significant decrease could indicate a reduction in selling pressure and potentially positive market sentiment for Bitcoin. According to CryptoQuant’s research note, the number of bitcoin exchange depositing addresses has dropped to 132,100, a multi-year low. This metric represents the number of addresses sending inflow transactions to exchanges, and the analysis suggests that a multi-year low indicates a decrease in the number of investors selling coins on spot exchanges. Julio Moreno, Head of Research at CryptoQuant, explained…