Why is the crypto market up today?
The crypto market is up in the last 24 hours, driven by expectations of Fed dovishness and easing concerns over FTX. Source link
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South Korean Bitcoin lender Delio plans to sue regulators: Report
South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of law leading to an investigation and hefty fine against the crypto lending firm. Bitcoin lender Delio said the allegations of fraud and embezzlement levied by the Financial Service Committee (FSC) are baseless, according to a report…
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Web3 ecosystem made ‘good strides’ in changing climate narrative, exec says
While moving to proof-of-stake (PoS) contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 ecosystem can do to tackle climate change, according to Marek Olszewski, the CEO of Celo, an Ethereum layer-2 scaling solution. Cointelegraph editor Zhiyuan Sun spoke with Olszewski about the threat…
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Google Cloud teams up with Web3 startup to make DeFi mainstream
Google Cloud has joined forces with a Web3 startup to develop user-centric developer tools for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world. The DeFi infrastructure provider Orderly Network has teamed up with Google Cloud to develop off-chain components of DeFi infrastructure focused on tackling self-custody and transparency challenges. Orderly…
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Bitcoin ignores CPI, FTX as BTC price hits September high near $26.6K
Bitcoin (BTC) hit new September highs after the Sep. 14 daily close as markets digested macroeconomic and crypto industry news. BTC/USD 1-hour chart. Source: TradingView Trader: Bitcoin market “feels different” Data from Cointelegraph Markets Pro and TradingView tracked overnight BTC price highs of $26,535 on Bitstamp. The largest cryptocurrency had shaken off higher-than-expected United States…
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Bitcoin miner mulls refunding 20 BTC reward to Paxos
A Bitcoin (BTC) miner who mistakenly received 20 BTC — worth over $500,000 — from crypto exchange Paxos for settling a 0.008 BTC ($200) transaction is now reconsidering their decision to return the jackpot to its rightful owner. On Sept. 13, Paxos revealed to Cointelegraph that it overpaid the BTC network fee on Sept. 10,…
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Stoner Cats NFTs ‘fan crowdfunding’ not securities: SEC’s Peirce, Uyeda
The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. On Sept. 13, the SEC charged Stoner Cats 2 LLCthe firm behind the animated series dubbed…
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Coinbase CEO champions DeFi, calls for court action to set legal precedent
Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged the DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing…
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Sui Network launches Google, Twitch and Facebook logins for DApps
Layer-one blockchain Sui Network has taken a step towards simplifying Web3 onboarding, allowing users to sign up for Sui-powered apps without having to manage an external crypto wallet or seed phrase. In a Sept. 13 press release the Sui Foundation shared that users would be able to login into decentralized applications (DApps) by using Google,…
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Californian lawmaker proposes legislation to protect actors from AI clones
A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates. Ash Kalra, an Assembly Member of the State of California — the lawmaker behind the bill — argued that generative AI presents a “real threat”…
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