Bitcoin gained almost 2% on Friday evening in Asia after the U.S. Bureau of Labor Statistics reported that the unemployment rate in August rose to 3.7% from 3.5% in July. The figures suggest the U.S. economy is slowing, which may influence the Federal Reserve when it meets this month to decide on raising interest rates. …
Cryptocurrency advertisements in Thailand must indicate potential risks of investing in the nascent asset class, the nation’s Securities and Exchange Commission (SEC) said in a statement on Thursday. See related article: Singapore central bank warns against crypto marketing, promotion Fast facts Crypto businesses in the Southeast Asian nation must report all details of advertisements and…
Ethereum Name Service (ENS) reported its third-highest month of revenue in August, with 301,000 new “.eth” registrations, totaling 2.17 million names, according to a post on its verified Twitter handle. See related article: ENS domain name expires as developer is in prison, becomes up for grabs in Sept. Fast facts ENS generated 2,744 ETH, currently…
The director and division chief of IMF’s Monetary and Capital Markets Department will soon publish a paper laying out a blueprint for a platform to support CBDC clearing and settlement transactions between multiple countries. See related article: Inter-country use key for CBDCs to reach potential: report Fast facts See related article: US Digital Dollar Project…
Bitcoin edged above the US$20,000 mark, the price it fluctuated around all week, while Ether rose more than 3% in late afternoon trading in Asia on Friday. Cardano, Dogecoin and Solana all added more than 2%. Celsius rallied over 34% in the past 24 hours. See related article: Bitcoin fluctuates, Ether gains, MATIC jumps on…
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly sought public comments to amend crypto rules for large hedge funds advisers. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts The CFTC and SEC are jointly proposing to amend the rules…
The NFT hype from earlier in the year is dying off as the market continues its downward path into the final third of the year. Fire sale coming for apes and cats?