BNB, XRP Lead Slide in Crypto Majors as Mt. Gox’s Repayment Delay Fails to Bouy Bitcoin Prices
“We still believe that the chances of further declines are higher for now,” one analyst said.Source
Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments
Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.Source
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried’s Alameda, Ex-Employee Claims
An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.Source
Vivek Ramaswamy Is Drafting a ‘Crypto Policy Framework’
Republican presidential candidate Vivek Ramaswamy will release a crypto policy paper.Source
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.Source
Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve’s Powell
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.Source
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.Source
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.Source
BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
His planned exit follows that of the deputy CEO Noah Sharp in June.Source
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.Source