Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

    The losses on U.S. Treasurys recently surpassed $1.5 trillion, and the likely outcome is turbulent markets, but how will Bitcoin price fare? The United States economy has been facing turbulent times lately, with the U.S. Personal Consumption Expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the…

    Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

    Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a Sept. 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the…

    Bitcoin ETFs: A $600B tipping point for crypto

    A new report indicated Bitcoin ETFs could release $600 billion in new demand — double Bitcoin’s current market cap. Here’s some math behind the estimates. A United States appellate court directed the Securities and Exchange Commission in August to reassess its denial of Grayscale’s application for a Bitcoin exchange-traded fund (ETF). A little-noted consequence of that decision…

    Buenos Aires to issue blockchain-based digital ID

    The first documents available on-chain in Buenos Aires will include birth and marriage certificates, along with proof of income and academic verification. Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s residents can access identity documents via a digital wallet, according to an…

    Bitcoin halving to raise ‘efficient’ BTC mining costs to $30K

    Bitcoin miners may see “severe” economic consequences from BTC price action staying below $30,000 after the 2024 halving, Glassnode warns. Bitcoin Ordinals are boosting miner profits, but “income stress” is looming, new research warns. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode predicted fresh problems for miners after Bitcoin’s next block subsidy halving….

    Europe drives institutional crypto adoption: Blockchain Expo Amsterdam

    Conversations with key speakers at the Blockchain Expo Europe in Amsterdam suggest that cryptocurrency exchanges and companies see the continent as a key region for growth. Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amsterdam. Cointelegraph attended the…

    Binance fully exits Russia with sale to CommEX

    The financial details of the deal remain undisclosed. However, as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy back shares, the companies said. Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as…

    Bitcoin miner Marathon mines invalid block in failed ‘experiment’

    Marathon said the bug emanated from its experimental mining pool used to research ways to optimize operations. Bitcoin mining firm Marathon Digital has confirmed it mined an invalid  Bitcoin block during an “experiment” aimed at optimizing the firm’s operations. In a Sept. 27 post, Marathon said it utilizes a small percentage of the firm’s hashrate toward these experiments…

    Ethereum futures ETFs could start trading next week — Bloomberg analyst

    An impending U.S. government shutdown may be accelerating the launch of Ether futures ETFs, analysts suggest. Ether futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analysts. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said in an X post that it was “looking…

    CBDCs could support a more stable economy — if banks run the show

    Central bank digital currencies could confer economic benefits if governments don’t use them to cannibalize the commercial banking industry. Central bank digital currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial…