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This Week [in] Crypto: Reversible ETH Transactions, Ripple Wins, Technical Recession, and More

This Week [in] Crypto: Reversible ETH Transactions, Ripple Wins, Technical Recession, and More

It has been another glorious week in crypto, but a tough one for the economy as markets around the world faced turmoil. This week we turn back time with Ethereum, and ask whether non-fungible tokens (NFTs) really hold the key to love and happiness. We also reveal who is drinking bourbon with John McAfee in Texas (probably). Let’s …

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Big Bitcoin ‘price move on the horizon’ anticipated heading into October

Big Bitcoin ‘price move on the horizon’ anticipated heading into October

As September comes to an end, Bitcoin’s (BTC) price is holding firm, appearing to stabilize above $19,000 as volatility attempts to subside. The stability in Bitcoin’s price is partly backed by the asset standing out as a favorable hedge at a time the U.S. dollar is toppling other global fiat currencies. Based on the recent …

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Bitcoin Had a Rough September. Here Are the Key Metrics to Watch Next

Bitcoin Had a Rough September. Here Are the Key Metrics to Watch Next

Bitcoin is preparing to enter October in a critical posture. With the macro climate weakening and on-chain data pointing to low interest, the top crypto faces a potential selloff. Key Takeaways Bitcoin’s market value dropped nearly 14% in September. Market sentiment has turned pessimistic due to the top crypto’s poor price performance. On-chain data shows …

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Ethereum censorship: 24% of blocks reject transactions

Ethereum censorship: 24% of blocks reject transactions

Some MEV-boost relays in Ethereum are choosing to refuse transactions that include addresses on the Office of Foreign Assets Control (OFAC)’s Specially Designated Nationals and Blocked Persons (SDN) list. MEV-boost is an open-source tool developed by Flashbots that allows for validators to use blocks built and relayed to them by individuals hoping to make arbitrages, or find other …

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Bitcoin price slips under $19K as official data confirms US recession

Politicians continue to argue about whether the U.S. economy is in recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now. MARKET UPDATE   Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in …

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Crypto Analyst Warns Altcoins Could Crash by Up to 60% More – Here’s the Timeline

Crypto Analyst Warns Altcoins Could Crash by Up to 60% More – Here’s the Timeline

Popular crypto analyst Jason Pizzino predicts further losses for the altcoins market even after its valuation already plunged from a peak of over $900 billion in late 2021 to around $200 billion currently. In a new video, Pizzino tells his 276,000 YouTube subscribers that the current $221 billion market cap of crypto assets, excluding Bitcoin …

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Bitdeer to invest in lending fund for bitcoin miners: Report

Bitdeer to invest in lending fund for bitcoin miners: Report

QUICK TAKE Bitcoin mining company Bitdeer’s chairman Jihan Wu is launching a lending fund of up to $250 million for “distressed” mining companies. The decline in bitcoin prices, coupled with factors like rising energy prices has slimmed margins for these companies. Jihan Wu, chairman of bitcoin mining company Bitdeer, is launching an investment fund for …

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Japan set to introduce anti-money laundering laws targeting crypto exchanges

Japan set to introduce anti-money laundering laws targeting crypto exchanges

Japan is ramping up its initiatives to regulate the use of cryptocurrency in aiding criminal activities through exchanges by revising some of the existing financial sector laws. In particular, Japanese regulators are set to introduce new remittance laws that will bar criminal entities from using crypto exchanges to launder money, Nikkei reported on September 27. The laws likely to take effect next spring will see a …

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Powell: Crypto market downturn gives regulators ‘more time’

Powell: Crypto market downturn gives regulators ‘more time’

QUICK TAKE The current crypto market downturn gives regulators more time to pass “appropriate” regulations, according to Federal Reserve Chair Jerome Powell. While talking about regulating stablecoins, Powell reiterated that the U.S. is not pursuing a central bank digital currency at this time. The ongoing downturn in cryptocurrency markets is giving global regulators “more time” …

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Crypto community anticipates bullish price for Ethereum by end of October 2022

Crypto community anticipates bullish price for Ethereum by end of October 2022

The cryptocurrency market is again showing signs of recovery, with most of its assets trading in the green – both in their daily and weekly charts – including one of its largest tokens – Ethereum (ETH), leading the crypto community to predict its further improvement by the end of October. As it happens, the community votes at CoinMarketCap have …

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