US Spot Bitcoin ETFs’ Daily Inflows Reach $28.7M
Reading Time: < 1 minuteSince August 27, Bitcoin ETFs have been experiencing losses, but Monday saw the first day of net inflows in September.
Metaplanet Acquires $2M in Bitcoin
Reading Time: < 1 minuteJapanese investment firm Metaplanet Inc. has announced it has acquired an additional 38.464 Bitcoin, totaling around 300 million yen ($2 million) in value.
FTX Reaches a Settlement with Emergent
Reading Time: < 1 minuteInsolvent cryptocurrency exchange FTX has reached a settlement with Emergent Technologies, founded by Sam Bankman-Fried, over the ownership of more than $600 million worth of Robinhood shares.
PIN AI secures $10M from a16z CSX, Hack VC, and All-Star angels to launch open platform for personal AI
Reading Time: 3 minutesSan Francisco, United States, 9th September 2024, Chainwire
Japanese Energy Company TEPCO to Venture into Green Mining
Reading Time: < 1 minuteA subsidiary of TEPCO, a Tokyo-based company, is venturing into Bitcoin mining with the goal of using renewable energy that would otherwise go to waste.
Bitunix Enters Top 15 on CoinGecko Rankings, Achieving Milestone in the First Week of September 2024
Reading Time: 3 minutesDubai, United Arab Emirates, 9th September 2024, Chainwire
Merlin Chain Emerges as Bitcoin’s Largest Layer 2, Surpassing $1.2 Billion TVL in Just Six Months
Reading Time: 3 minutesSingapore, Singapore, 9th September 2024, Chainwire
CFTC Plans to Stop Kalshi Listing Election Prediction Contracts
Reading Time: < 1 minuteAfter a judge ruled against an order from the US Commodities and Futures Trading Commission (CFTC) prohibiting US regulated prediction marketplace Kalshi from offering prediction contracts for the 2024 election, the website proudly announced on its homepage:
Block’s Market Cap Exceeds Coinbase’s
Reading Time: < 1 minuteBlock, Inc., the parent company of various subsidiaries such as Square, has surpassed Coinbase in market capitalization for the first time since March.
Brad Garlinghouse: Japanese Yen Stablecoins Demand Will Increase
Reading Time: < 1 minuteRipple CEO Brad Garlinghouse expressed his belief that Japan is a promising market for stablecoins and that there will be a strong demand for a Japanese yen stablecoin.
German Memecoin OceanDoge Launches with a Focus on Ocean Preservation
Reading Time: 2 minutesFrankfurt, Germany, 9th September 2024, Chainwire
Market Update September 6
Reading Time: < 1 minuteOver the past week, the crypto market has experienced some significant price movements, with the two largest cryptocurrencies, Bitcoin and Ethereum, both seeing a decline.
Skyscanner Teams Up with Travala to Allow Bookings Through Crypto
Reading Time: < 1 minuteTravala platform, which operates on blockchain technology, has announced a partnership with Skyscanner, a leading global travel marketplace.
Visa and Santander to Take Part in Brazil’s CBDC Pilot
Reading Time: < 1 minuteThe second phase of the pilot, known as Drex, has received 42 proposals from the BCB and Brazil’s Securities and Exchange Commission (CVM), according to a statement from the bank. Through this phase, the BCB will supervise 11 projects, while the CVM will monitor two.
More Than 600 Crypto ATMs Become Unavailable in 2 Months: Report
Reading Time: < 1 minuteIn the first two months of the third quarter in 2024, over 600 Bitcoin ATMs worldwide have gone offline.
CUBE3.AI Unveils AI-Driven Technology to Detect and Block Rising Tide of New Scams and Fraud
Reading Time: 3 minutesPalo Alto, California, United States, 5th September 2024, Chainwire
Market Update September 5
Reading Time: < 1 minuteThe cryptocurrency market has been on a relatively stable trajectory over the past day, with most major coins experiencing minimal fluctuations in their price.
Texas Fed Issues Cease and Desist Order Against a Crypto Bank
Reading Time: < 1 minuteAccording to the Federal Reserve, United Texas Bank, which has connections to the cryptocurrency industry, was found to have “significant deficiencies” related to its handling of crypto customers and risk management.
Robinhood Pays $3.9 Million to Settle California DOJ Investigation
Reading Time: < 1 minuteRobinhood Crypto’s past practices have resulted in a $3.9 million penalty as the company failed to allow customers to withdraw cryptocurrency between the years 2018 to 2022.
Swiss Bank ZKB Starts Offering Bitcoin and Ether Trading
Reading Time: < 1 minuteZurich Cantonal Bank, one of Switzerland’s largest banks, has started to offer cryptocurrency trading to its customers
BC.GAME Unveils Brand Upgrade to Enhance Its iGaming Platform
Reading Time: 2 minutesWILLEMSTAD, Curacao, 4th September 2024, Chainwire
Market Update September 4
Reading Time: < 1 minuteOver the past 24 hours, the crypto market has seen some significant price movements.
Bitcoin ETFs’ Daily Net Outflows Reach $287M
Reading Time: < 1 minuteBitcoin ETFs listed in the US on Monday experienced a tough day as concerns about economic growth and a drop in Nvidia’s stock (NVDA) caused a decline in market sentiment.
Bitcoin’s Hashrate Hits an All-time High
Reading Time: < 1 minuteThe combined computing power used to secure the Bitcoin network, known as the hashrate, reached a record high of over 742 exahashes per second (EH/s) on September 1.
Hackers Steal $27M from Penpie Protocol
Reading Time: < 1 minuteOn Sept. 3, 2024, The Penpie Protocol, a decentralized finance platform built on top of Pendle, fell victim to an exploit and lost $27 million of client funds as of the time of writing.
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