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Powered by The Texas Bitcoin Roundup - A Hoe-Down With A Purpose
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Guess what day it is Folks? HUMPDAY! Yesterday, the news cycle was flooded with the Binance.US drama. Today, nothing is really trending ahead of the FOMC meeting which I am sure will dominate the cycle once the Fed makes the announcement on pausing to raise or lower interest rates. Meanwhile, Bitcoin is trading at $27,065.14. Let's get on with the news...
SUMMARY
Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds. A set of dormant Bitcoin ($BTC) from 2023 has recently moved for the first time in 11 years after appreciating by more than 240,000% from the time they went inactive in the ninth transaction this year involving previously dormant BTC. Bitcoin short-term holders may be selling, but long-termers are buying it back. Bitcoin price eyes $28K as Binance legal battle spurs bullish momentum. China to put Billions in Bitcoin? Arthur Hayes believes this could be happening due to the CNY losing value.
An original Ethereum (ETH) investor deposited 6,000 ETH worth $9.96 million to the crypto exchange Kraken on Monday, according to the crypto tracker Lookonchain. Investing $100/week into Ethereum in 2023 would be this worth less: $3,800 would be worth $3,618.97. Grayscale Investments files for new ether futures ETF. In the UK, Uphold is providing 4% Crypto rewards in XRP on all Crypto purchases and 2% Crypto rewards in XRP on all fiat and stablecoin purchcases.
Binance US weekly trade volume has dropped by 99% due to the SEC Lawsuit, marketing failing to keep momentum, and the never-ending FUD. Ledger CEO says Recover service expected to go live by end of year.
US lawmakers are reviewing a bill this week that would prevent the Federal Reserve from carrying out experiments related to the use of a central bank digital currency (CBDC). Maxine Waters criticizes 'anti-innovation stance' of Republicans over anti-CBDC bill. Hong Kong edges closer to regulatory framework for stablecoin, lawmaker Says. Rupert Schaefer of BaFin emphasizes the necessity of crypto regulations, citing the collapse of FTX as a warning.
An appeals court on Tuesday punted on former FTX CEO Sam Bankman-Fried's appeal to end his pre-trial detention on federal fraud charges, two weeks before the start of his trial. Stanford University to return FTX donations worth $5.5M. UK bill to seize illicit crypto moves to final stages of approval.
Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently "under an attack." A California resident faces both civil and criminal enforcement actions for allegedly running a Ponzi scheme. Philippines SEC teams up with US counterpart to combat crypto fraud. Scammers are targeting Decrypt readers with fake 'token swap' emails. CoinEx to resume service with new wallet system following $70M hack. CoinsPaid sees humans as the 'weakest link' when it comes to emerging hacking threats.
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Podcast of the Day: Bitcoin Demonetizing Real-Estate: Why You Should Save in Bitcoin with Stephan Livera, and the Café Bitcoin Crew - September 19th, 2023 | TCBP
WEEDS
Bitcoin
- FOMC Price Action (Cointelegraph | Cointelegraph)
- Whale Action (Cryptoglobe)
- Accumulation (TB)
- Opinion (UToday)
Altcoins
- ETH Movement (TDH)
- ETH DCA (Finbold)
- ETH ETF (TB | CryptoPotato)
- XRP (CryptoPotato)
Stablecoins
- PYUSD (Finbold)
Exchanges/Wallets/Custody
- Binance (CryptoPotato | CoinDesk)
- Ledger (TB)
Legislation/Regulation
- CBDC (TDH)
- Maxine Waters (TB)
- Stablecoins (BIC)
- Germany (BIC | Blockworks)
Legal Cases
- SBF (CoinDesk | CryptoPotato)
- FTX (Blockworks | Decrypt | TDH)
- UK (TB | Blockworks | BIC)
Attacks/Hacks/Scams
- Balancer (Cointelegraph)
- Affinity (BIC | BIC)
- Philippines (Conitelegraph | BIC)
- Decrypt Scam (Decrypt)
- CoinEx (Cointelegraph | CryptoPotato | Blockworks | BIC)
- CoinsPaid (TB)
