SumsyNews

The Federal Reserve is not close to deciding on a #CBDC, and there are concerns about USD #stablecoins posing risks to #financial stability, monetary policy, and the payments system.

The CEO of collapsed Turkish #crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in #cryptocurrency belonging to more than 400,000 customers.

🇮🇩 #Indonesia's central bank has formed a task force to promote the use of its local currency in #trade with partner nations, including Malaysia, Thailand, Japan, and China. Additionally, cooperation agreements have been signed with Singapore and South Korea.

#NFT sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. The total sales for this week amounted to approximately $80.69 million, with $42.61 million originating from the #Ethereum blockchain.

#Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the #cryptocurrency has largely been unchanged.

Blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the #SEC stating that LBRY presented its #DigitalAssets as securities or investment contracts.

Digital asset exchange #Coinbase will be offering #cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. #,crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi.

Two #Binance executives responsible for its operations in Eastern Europe and the former Soviet space have left the company. The departures come at a time when the leading #crypto exchange finds itself under persisting regulatory pressure and is considering leaving #Russia.

#JPMorgan expects the SEC to approve multiple spot #BitcoinETFs together, avoiding favoritism. The analyst noted that reversing previous approval of #Bitcoin futures ETFs, as needed to deny Grayscale's proposal, would be disruptive and embarrassing for the SEC.

$ETH continued to trade around a key price floor of $1,630 today, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. #Bitcoin fell below a support point of its own earlier in today’s session.

ECB's Fabio Panetta raises concerns about private #stablecoins like #PayPal and reports the digital #euro is in its final investigation stage before the Governing Council decides on the next steps.

On Tuesday, September 5, 2023, #BitcoinMining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for $BTC miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368.

#Bitcoin was largely unchanged today, as moving averages closed in on a potential upward crossover. The potential for a “death cross” will likely be in the mind of would-be bulls, looking for an opportune time to reenter. #Ethereum continues to hover close to a floor of $1,630.

Seoul plans new laws to track and freeze #crypto used for #NorthKorea's weapons programs, aiming to strengthen sanctions and #cybersecurity.

A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in #cryptocurrency.

#Bitcoin moved lower today as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global #crypto market cap was down by 0.47% at the time of writing. #Ethereum remained in the red, with price trading below a recent support point.

#Crypto betting platform #Stake confirmed on Sept. 4 that an unknown entity had carried out unauthorised transactions from its #ethereum and Binance Smartchain hot wallets. However, the platform insisted that user funds were safe.

#ShibaInu’s layer two (L2) scaling endeavor, #Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project’s native token, $SHIB, has seen a decline of over 4% in the past week.

#Stellar surged by as much as 7% on Monday, despite sentiment in #crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. #Toncoin also rose, hitting a fresh multi-month high.

Sentiment in #bitcoin remained bearish to start the week, as the cryptocurrency remained below $26,000 on Monday. Market volume was relatively low in today’s session, as a result of the U.S. Labor Day celebration. #Ethereum was slightly higher, remaining above $1,600.