Bitcoin price fell toward $83,000 on Sep. 29 after retreating from last week’s high near $87,400. The latest 4-hour decline brought the price close to a support area that also holds a dense band of potential long liquidations. TradingView’s Binance $BTC/USDT chart showed Bitcoin near $83,050 late on Sep. 29, down from a Sep. 21
Intraday Charting Points to Sharp Reversals Bitcoin’s price trended down on Tuesday, even as the cryptocurrency saw another turbulent 24 hours during which it fluctuated from just under $83,000 to a peak of just below $84,500. The cryptocurrency’s performance came on the back of growing rhetoric between Washington and Iran over the fate of the
Bitcoin has faced a larger threat from a possible second Federal Reserve rate hike than from the Senate’s failed CLARITY Act vote, according to comments from a HashKey Group researcher shared with crypto.news. Tim Sun, HashKey Group’s senior researcher, told crypto.news that Bitcoin’s path now depends more on U.S. financial conditions and investment flows than
Xapo Bank has released a new report that outlines several methods for earning yield on Bitcoin. This report, highlighted by crypto commentator @glassnode, delves into the evolving landscape of Bitcoin yield opportunities. The insights offered could significantly impact how investors approach Bitcoin as a yield-generating asset. Breaking It Down As interest in cryptocurrency continues to
The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against structures designed to avoid taxable gains. The Treasury Department and IRS identified digital assets as one area where fund managers may be stretching tax provisions beyond their intended purpose, opening the door to additional rules or enforcement.
Soneium and DayOneDream have partnered to bring K-pop intellectual property and related revenue streams onchain through DayOneDream’s WAVIST platform, following a tokenized IP bond that WAVIST completed in May. According to a Sep. 29 announcement from Soneium and DayOneDream shared with crypto.news, the companies will combine WAVIST’s work in entertainment financing with Soneium’s blockchain infrastructure.
DB Securities has partnered with Optimism to integrate real-world assets on the blockchain, a pivotal moment for the sector. This collaboration was highlighted by Bongseok Kwak during his keynote at the Ethereum Korea One event. As the blockchain landscape evolves, this initiative signifies a substantial step towards broader adoption of decentralized finance and asset tokenization
Moca Network and the Moca Foundation say the Moca Chain mainnet is live. The chain is built for digital identity: an organization issues a credential, such as proof that a customer passed a KYC check or holds a membership, and the customer carries it between apps, sharing only the details a business needs. Moca Network,
Cloak Ag has introduced a private payroll solution on the Solana blockchain, allowing users to upload spreadsheets and process payroll with a single click. This innovation was highlighted by the official Solana Twitter account and signals a significant enhancement in the ease of payroll management for businesses. The rollout of such features suggests a growing
Metaplex has announced the launch of MPL-3643, a new standard for permissioned real-world assets (RWAs) and tokenized securities on Solana. This development, highlighted by the CryptoTwitter commentator @SolanaFloor, brings significant compliance features, allowing issuers to implement transfer restrictions, lockups, and jurisdictional limits. The introduction of this standard could pave the way for increased institutional adoption