Tag: 12. September 2023

[ad_1] The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the advantages of digitalization.The project leveraged the central banks’ diverse experience to incorporate a number of predefined policy, security, technology

[ad_1] Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.Judge Lewis A. Kaplan explained on Sept. 12 that Bankman-Fried's lack of internet access in prison to prepare for his upcoming trial wasn't a sufficient ground to grant his temporary release."Whatever time pressure defendant now claims to face given the

[ad_1] Bitcoin (BTC) experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn't necessarily indicate a victory for bulls. To put today’s price action in perspective, BTC has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period. This underperformance demonstrates that Bitcoin has struggled to gain momentum, despite significant catalysts

[ad_1] United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation. [embed]https://www.youtube.com/watch?v=YjfQ6c9N6-M[/embed]Gensler gave a public speech before the National Press Club on July 17 wherein he laid out the case for integrating AI technologies into the SEC’s surveillance scheme, but until

[ad_1] Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on Sept. 20. Ignatova remains at large.Greenwood, who is a citizen of the United Kingdom and Sweden, was sentenced in the U.S. Southern District Court of New York. In a statement by the U.S. Justice Department, U.S. Attorney Damien Williams called OneCoin “one of the

[ad_1] A petition was created on Change.org on Sept. 12 to oppose the use of Chainalysis forensic services by federal agencies. The petition questioned Chainalysis’ accuracy and raised legal issues related to the activities of the blockchain data analysis firm. The petition, started by “Stop Chainalysis,” stated that Chainalysis’ software assists law enforcement crime prevention efforts “by linking the real world to crypto payments.” It stated:“It is our belief that the

[ad_1] Much has been made of Bitcoin’s (BTC) poor price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead.Yet it wasn’t too long ago that many investors and crypto pundits were raving about some note-worthy fundamental metrics that were, and continue to be, quite bullish.Let’s take a look at three Bitcoin metrics that bulls might keep in mind.Bitcoin’s hashrate hovers near