Crypto News and Updates

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Circle's USDC Stablecoin to Launch Natively on Base Network

Circle’s USDC Stablecoin to Launch Natively on Base Network

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. The new version of USDC will replace the current US Dollar Base Coin (USDbC) on the Base network. Circle will begin issuing USDC on Base, doing away with the need for a bridged coin backed by the Ethereum version. The launch date has not been announced yet, but it will happen sometime next week.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Grayscale's Victory in Lawsuit Boosts Bitcoin ETF Prospects

Grayscale’s Victory in Lawsuit Boosts Bitcoin ETF Prospects

Crypto asset manager Grayscale has scored a major victory in its battle with the United States Securities and Exchange Commission. The U.S. District Court of Columbia Court of Appeals ruled that the SEC was wrong in rejecting Grayscale’s application to convert its GBTC fund into a Bitcoin ETF. This ruling could impact the SEC’s deliberations on other Bitcoin ETF applications, including those filed by BlackRock, Fidelity, and WisdomTree.

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Improving Crypto Literacy: A Scale for Consumer Education

A team of researchers from the University of Cincinnati has developed a Crypto Literacy Scale (CLS) to measure economic and financial knowledge related to cryptocurrencies. The scale aims to bridge the gap between traditional financial literacy and crypto literacy, promoting education and preventing scams. Financial literacy plays a crucial role in equipping individuals with the knowledge and skills to make informed financial decisions. The CLS evaluates respondents’ understanding through …

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Bitcoin Price Surges as Grayscale Wins Case Against SEC

Bitcoin Price Surges as Grayscale Wins Case Against SEC

Bitcoin price is up today, rising 5% after a court ruling in favor of Grayscale Bitcoin Trust (GBTC) against the U.S. Securities and Exchange Commission (SEC). This decision has sparked growing institutional interest in Bitcoin, with companies like BlackRock and Fidelity Investments eagerly awaiting answers about their BTC spot ETFs. The judge’s ruling has also provided a boost to the Grayscale ETF, and the BTC supply on exchanges is dropping to its lowest level since January 2018. With li…

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Binance Considers Exiting Russian Market Amid Sanctions

Binance, a global cryptocurrency exchange, is evaluating its options in regards to the Russian market, including a potential full exit. This decision comes in light of sanctions imposed by various countries, including the United States.

In response to the restrictions, Binance has already removed certain sanctioned Russian financial institutions as payment options on its P2P platform and implemented fiat currency limitations for Russia-based users.

Operating without a physical …

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Binance Poland: Serving Belgian Users with Compliance

Binance Poland, an entity registered with Polish regulatory authorities, has announced its compliance with regulatory obligations for residents of Belgium. Following an order from Belgium’s financial regulator, Binance has adapted its services to cater to Belgian users. Although some users may need to submit documentation according to Poland’s Know Your Customer requirements, Binance Poland ensures a seamless experience for Belgian customers.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Analyzing Bitcoin Price: Support Levels and Market Outlook

Analyzing Bitcoin Price: Support Levels and Market Outlook

Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts. BTC/USD managed $26,226, marking its highest levels since Aug. 25 and fully compensating for weakness seen overnight. Eyeing the trading landscape for the coming week, traders highlighted the importance of the 200-week exponential moving average (EMA) at around $25,700 as a key support zone to protect. If this support level holds, it could signal a bottoming out and a potential entry point for…

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Exploring Python’s Real-World Applications: From Web Development to Machine Learning

Python, a versatile and user-friendly programming language, has gained immense popularity for its simplicity and power. This article explores five real-world Python applications that are making a significant impact in different sectors. From web development frameworks like Django and Flask to data analysis libraries like Pandas and Matplotlib, Python’s versatility is driving innovation across industries. Additionally, Python’s influence in machine learning is profound with libraries like Tens…

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Exploring the Exciting Highlights of Istanbul Blockchain Week 2023

Istanbul Blockchain Week 2023 brought together crypto, blockchain, and Web3 enthusiasts from both local and international backgrounds. The event, held in August at the Hilton Istanbul Bomonti, featured keynotes on artificial intelligence, regulation, Web3 gaming, and real-world blockchain use cases. Additionally, there were region-specific talks on Islamic finance and a Shariah-compliant Web3 economy, reflecting the growth of crypto and Web3 in the United Arab Emirates and the interest in …

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Binance P2P Imposes Fiat Currency Restrictions for Russian Users

Binance P2P, the peer-to-peer trading platform of cryptocurrency exchange Binance, has implemented new restrictions for Russian residents. The platform now only allows the use of the Russian ruble (RUB) and prohibits other fiat currencies such as the euro, US dollar, and Ukrainian hryvnia. To use RUB on Binance P2P, users must complete the Russian Know-Your-Customer (KYC) verification and reside in Russia. The restrictions have caused difficulties for Russian users residing abroad who need…

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1inch Investment Fund Wallet Buys $10 Million ETH After $3 Million Profit

A crypto wallet belonging to the 1inch Investment Fund has recently purchased a significant amount of Ether (ETH) after profiting from its earlier trades. The wallet bought a total of 6,088 ETH at a price of $1,655, spending over $10 million. Previously, the wallet had bought 17,000 ETH at an average price of $1,569 and sold 11,000 ETH for $21 million. Currently, the wallet holds around $80 million worth of various digital assets.

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