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ramesh naikoti

@bitcoinsatoshi

177 Following
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ramesh naikoti
@bitcoinsatoshi
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product restrict fiat margin trading for non-wholesale investors, while crypto margin extensions remain unaffected. The company reaffirmed its commitment to compliance and called for improved legal clarity for the crypto industry. Kraken’s Margin Product Faces Legal Adjustment Amid Crypto Regulatory Concerns Crypto exchange Kraken has responded to a recent legal judgment by the Australian Securities and Investments Commission (ASIC) concerning its Margin Extension product. The Australian Federal Court ruled that extensions in fiat currency fall under the Design and Distribution Obligations (DDO) of the Corporation…
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Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025 Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale implementation is expected by late 2025. According to officials, demand for the digital ruble is growing, with successful integration anticipated due to ongoing sanctions. Russia Expands Digital Ruble Pilot Program The Bank of Russia, the Russian central bank, announced earlier this month that it will expand the pilot program for the country’s central bank digital currency (CBDC), the digital ruble, which will involve up to 9,000 individuals and 1,200 companies. New features such as transfers and payments via QR code will be tested. Full implementation for all users is expected in the second half of 2025. The pilot will feature new operations,” the Bank of Russia said, translated by Google. The central …
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ramesh naikoti
@bitcoinsatoshi
Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. Spot gold fell 0.3% to $2,509.35 per ounce by 10:21 a.m. ET (1421 GMT), having hit their highest since Aug. 20, when gold last scaled a record peak. U.S. gold futures eased 0.2% to $2,538.90.
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ramesh naikoti
@bitcoinsatoshi
India's FIU Considers Approving More Offshore Crypto Exchanges India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial Intelligence Unit (FIU-India) is reportedly reviewing requests from four offshore cryptocurrency exchanges to resume operations by March 2025, following the earlier lifting of bans on Binance and Kucoin. A source familiar with the review process told local news outlets:
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ramesh naikoti
@bitcoinsatoshi
Are Vitalik Buterin’s $10M Ethereum sales bad news for ETH bulls? Buterin’s recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million. Ethereum co-founder Vitalik Buterin transferred about $10 million worth of his Ether holdings to wallets associated with crypto exchanges in August, according to data tracked by Lookonchain. Additionally, Arkham Intelligence data shows Buterin’s Ether address has witnessed outflows of around 422,000 ETH (worth $1.04 billion as of Sept. 1, 2024) since 2015. Over 840,000 ETH have moved out of the address in the last two years. The transfers led to speculation that Buterin has been selling his Ether holdings to realize Ether profits, especially as the cryptocurrency is trading 180% higher compared to its cycle low of $885 in 2022.
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@bitcoinsatoshi
Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs. He also urged Nigeria to follow the rule of law regarding the detained Binance employee. SEC Move Brings Regulatory Clarity to the Nigerian Crypto Market Nigeria’s recent approval of two digital asset exchanges is a welcome development for the industry, according to Obinna Iwuno, leader of the country’s blockchain advocacy group. Iwuno, president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), believes the move will help counter the negative perception surrounding the Nigerian crypto space, which intensified following the detention of Binance executives earlier this year.
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ramesh naikoti
@bitcoinsatoshi
Bitcoin rally helps create more than 84,000 new crypto millionaires in a year
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Telegram-linked Crypto token sheds $2.7 billion after CEO Pavel Durov held A digital asset from a blockchain project linked to Telegram Messenger LLP has lost about $2.7 billion in market value, reflecting the uncertainty sparked by the detention of the messaging app’s co-founder. Toncoin, the token of The Open Network, slid more than 20% after Pavel Durov was reportedly taken into custody at a Paris airport on Saturday on suspicion of failing to take steps to prevent criminal use of Telegram. The 10th largest cryptoasset pared some of the drop to trade at $5.69 as of 10:36 a.m. Monday in Singapore but is still down 16% as a result of the unfolding drama over 39-year-old Durov, according to data complied by Bloomberg. The Open Network — or TON — blockchain has access to Telegram’s 900 million monthly users via a partnership and seeks to enable services such as in-app payments and games. TON’s rise spurred speculation that Telegram has a shot at becoming a “super-app” in the style of Chinese
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Toncoin drops 18%, Notcoin tumbles following arrest of Telegram CEO Pavel Durov TON's market cap dropped from $17.1 billion to around $14 billion after the news broke. Pavel Durov's arrest in France led to a 18% drop in Toncoin's value. French authorities link Durov with crimes facilitated through Telegram's lack of moderation. The price of Toncoin (TON) fell as much as 18% to below $5.53 on Sunday following news that Pavel Durov, the co-founder and CEO of Telegram, was arrested at Le Bourget Airport in France, according to data from CoinGecko. Likewise, Notcoin’s (NOT) value crashed by 21% as concerns about Durov’s legal troubles grew.
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ramesh naikoti
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Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which now stands at $2.24 trillion. Bitcoin Nears $65K Range Amid Powell’s Latest Remarks On Friday afternoon, bitcoin (BTC) was cruising along at $64,433 per coin, following an intraday peak of $64,853. BTC climbed 5.3% today and has gained 6.6% against the U.S. dollar over the past week.
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ramesh naikoti
@bitcoinsatoshi
Trump promotes family’s new crypto platform, ‘The Defiant Ones’ Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s time we take a stand — together.” The post marks the first time the Republican nominee for president has used his personal platform to promote the as yet unactivated digital bank.
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Crypto analyst doubts Bitcoin dominance is ‘going back up’ to 70% again Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024. A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think it is going back up to 70%, my target for Bitcoin dominance has been 60%,” Into The Cryptoverse founder Benjamin Cowen explained in an interview on The David Lin Report on Aug. 17.
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MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet. The MetaMask Card is first available in a pilot phase to a few thousand users in the EU and UK, with a wider release expected later this year. Users will be able to make purchases directly with their USDC, USDT and wETH assets held on the layer-2 network Linea.
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Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts. Wallet that received $2 billion from Mt. Gox initiated a test transaction on Tuesday. Arkham analysts said the wallet likely belongs to crypto custody platform BitGo. Users on Reddit are making unverified claims about receiving BTC and BCH balances on BitGo.
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ramesh naikoti
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Bitcoin Slips Below $59K as Crypto Market Faces $132M in Liquidations On Sunday, bitcoin slipped below the $60,000 mark and dipped even further beneath the $59,000 range. The leading cryptocurrency touched an intraday low of $58,315, after previously hitting a high of $61,868 earlier in the day. Crypto Crash Course: Long Positions Take a Tumble in Sunday’s Wipeout Statistics show the broader crypto market saw a decline of 3.18% over the past 24 hours, bringing its total value down to $2.06 trillion. Bitcoin (BTC) itself dropped by 3.8% in the same period, reaching its low of $58,315 on the exchange Bitstamp at 5:13 p.m. EDT. Although global crypto trading volume increased by 7.53% compared to the previous day, it remained subdued compared to the previous week. This latest dip in value adds up to a 13.9% loss for BTC over the last two weeks against the U.S. dollar.
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@bitcoinsatoshi
How India's Biggest Crypto Theft Worth ₹ 2,000 Crore Was Executed In what has been the biggest crypto theft in India so far, cryptocurrencies worth nearly ₹ 2,000 crore, or $230 million, were stolen from a wallet linked to the WazirX exchange last month. As thousands of people lost crores, WazirX reported the incident to the central cybercrime portal, Financial Intelligence Unit, and the Indian Computer Emergency Response Team. A police case was also registered in Delhi
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ramesh naikoti
@bitcoinsatoshi
Opinion When markets get scary, crypto proves its worthlessness From practically the time bitcoin launched in early 2009, I have been wondering what the heck it is good for. In the beginning, there were two basic theories: One said this first cryptocurrency was a refuge from government, and the other — possibly the one embraced by bitcoin’s creator — said it was an alternative to the corruption, instability and self-dealing in a financial system that had just finished wrecking itself, and everyone else along with it.
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Binance CEO: Recent Market Declines Are Not a Long-Term Negative Trend Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive.
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‘Don’t Be Fooled’—Coinbase Issues Serious Warning After $800 Billion Bitcoin And Crypto Price Crash The bitcoin price, which crashed to under $50,000 per bitcoin on Monday before rebounding slightly, touched $70,000 in July amid excitement over Donald Trump's "game-changing" plans for bitcoin. The combined bitcoin and crypto market has lost around $800 billion since its recent June highs. Now, despite billionaire investor Mark Cuban making a "crazy" bitcoin price prediction, the head of institutional research at crypto exchange Coinbase has warned of further bitcoin price volatility to come.
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Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021 Crypto-tracked futures saw over $1 billion million in liquidations in the past 24 hours amid a market sell-off, with ether futures recording $304 million in liquidations. Over 200,000 traders were liquidated, with the largest single liquidation order worth $27 million on Huobi. Bitcoin and ether prices fell, with ether experiencing its steepest single-day drop since May 2021, and the crypto fear and greed index indicating "fear."
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