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The Protocol Guild, a team of over 150 Ethereum core developers, will be the beneficiary. VanEck argues that asset managers should give back some Ether ETF proceeds to the community. Global asset manager VanEck will donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years, the company announced on X (formerly Twitter) on Sept. 29.  The beneficiary will be The Protocol Guild, a group of over 150 developers maintaining Ethereum’s core technology. According to VanEck, it’s only fair for asset managers to return part of their proceeds to the community building the crypto protocol. It stated: “If TradFi stands to gain from the efforts of Ethereum’s core contributors, it makes sense that we also give back to their work. We urge other asset managers/ETF issuers to consider also giving back in the same way." With this move, VanEck joins other crypto-native communities supporting the Ethereum network, including Lid...

The inevitability of a government shutdown in the United States remains uncertain, yet even if such an eventuality were to last mere hours or a few days, the subsequent priorities of lawmakers may not gravitate toward the realm of digital assets. The United States House of Representatives has cast aside a Senate-approved bill designed to fund government operations. Speaker Kevin McCarthy’s propositions have thus far failed to garner support from the hard-right faction within the House. These actions collectively indicate that the U.S. government is poised for at least a partial shutdown commencing on October 1. A U.S. government shutdown occurs when Congress fails to pass legislation for funding the forthcoming fiscal year. Such an event would effectively grind to a halt all nonessential activities of federal agencies and departments. Even if this shutdown were to endure for a brief period—similar to the one witnessed in February 2018, which lasted less than a day—crypto-related ...

On Sep. 28, in a post on X, Brad Garlinghouse, the CEO, revealed that Ripple has chosen not to acquire Fortress Trust. Instead, they will continue to be an investor in the blockchain-based payment network. A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move forward with an outright acquisition, though Ripple will remain an investor in @Fortress_io. — Brad Garlinghouse (@bgarlinghouse) September 28, 2023 The blockchain firm behind On-Demand Liquidity (ODL), a solution using XRP, decided not to proceed with the acquisition following a hack that saw Fortress Trust lose between $12 to $15 million in Bitcoin (BTC), USDT, and USDC, on Sep. 12.  Today, we are announcing intent to acquire Fortress Trust, part of the @Fortress_io suite of companies. Fortress Trust’s financial and regulatory infrastructure complements and expands Ripple’s comprehensive portfolio of blockchain solutions for finance. https://t.co/LIl3cP...

Sep 29, 2023 at 11:41 // Price Author Coin Idol On September 29, the price Analysis of Ripple (XRP) had reached a high of $0.51 at Coinidol.com. Ripple (XRP) Price Long-Term Forecast: Bearish The price of XRP is rising as buyers seize control of the market and break out above the 21-day line SMA. The price of the cryptocurrency has been fluctuating slightly between $0.45 and $0.55 since August 17. By the end of September 2023, XRP had broken through the 21-day line SMA. If buyers can keep the price above either the $0.55 resistance level or the 50-day...

Understanding The Factors Driving ROB Crypto Price Surge In recent months, the cryptocurrency market has witnessed a surge in the price of ROB, a digital asset that has gained significant attention among investors and enthusiasts. We will explore the factors behind the price surge of ROB and shed light on the driving forces behind its growing popularity. UNIQUE FEATURES AND USE CASES: ROB stands out in the crowded cryptocurrency market due to its unique Features and use cases. It is designed as a utility token specifically for the decentralized robotics industry. With the rise of automation and robotics technologies, the demand for a dedicated cryptocurrency to facilitate transactions within this sector has grown. ROB fills this niche, providing a seamless and secure means of conducting business in the robotics industry. STRONG PARTNERSHIPS AND COLLABORATIONS: Another significant factor contributing to the price surge of ROB is its strategic partnerships and collaborations. The...

A court filing revealed Terraform Lab’s legal team stated that it would be impossible to extradite Do Kwon to the US. The attorneys stated that Kwon and Terraform co-founder Daniel Shin were in discussions about staking LUNA tokens with validators. Reports have highlighted a substantial surge in short liquidations for LUNC, surpassing the $20,000 mark today. A court filing by Terraform Labs’ legal defense team from September 27 has surprised the community as the lawyers claimed that “it would be impossible for Mr. Kwon” to be extradited to the United States. The U.S. Securities and Exchange Commission (SEC) plans to bring Kwon, Terraform Labs’ ex-CEO, to the United States for a deposition before October 13th. If the SEC’s efforts are fruitful, Kwon will offer testimony in the securities lawsuit. The filing further highlighted. That request violates the Court’s Individual Rules of Practice because the SEC did not obtain the Court’s permission to se...

While Justin Sun immediately took to X to discuss the hack that occurred on his Crypto exchange HTX (formerly Huobi ), news of the loss has trickled into China through foreign media reporting. Sun hasn’t posted on his Weibo since the day before the hack, which resulted in a loss of about 5,000 ETH, transpired. CoinDesk and other outlets reported on September 25 that Huobi had suffered an $8 million hack, with Sun promising that the amount was nothing when compared to the “$3 billion worth of assets held by (Huobi) users” and that “all funds are secure.” It’s unclear why Sun hasn’t taken to Chinese social media to assuage the fears of users on the mainland, as according to SimilarWeb most traffic to the site appears to come from “other” jurisdictions, implying most customers are Chinese or Hong Kongers. The site has also seen a dramatic rise in Russian users since the War in Ukraine began . Since the most recent hack, the HT token — formerly the Huobi Token — ...

Curve Has Enjoyed A Sharp Rally Over The Past Week Curve DAO token (CRV) has defied market trends by experiencing a remarkable surge of over 20% in the past week. This impressive performance stands out in an industry where major players like Bitcoin and Ethereum have faced challenges. CRV has risen above the $0.52 mark, marking a significant uptick in its price. A Glimpse at CRV’s Recent Performance The following chart can visualize CRV’s performance over the last month. In the midst of several cryptocurrencies trading in the red, CRV’s ascent has caught the attention of investors. Can CRV Sustain Its Rally ? With CRV’s recent surge, investors are pondering whether this momentum can be maintained. The asset briefly breached the $0.56 level during a sharp surge a few days ago but retraced to its current position. Over the past few days, CRV has exhibited sideways movement, indicating a potential slowdown in buying pressure. Whale Alert: A Significant CRV T...

American stocks continued their sell-off this week as risks rose. Cryptocurrencies have proven resilient despite the challenging environment. Shiba Memu token sale has accelerated recently.  It has been a sea of red in the financial market this week as the fear and greed index plunged to the lowest level in months and the US dollar index (DXY) surged to $106.7. The closely watched iShares 20 Plus Year Treasury Bond ETF (TLT) has plunged to the lowest point since 2014. It has fallen by over 17% from the highest point this year. Meanwhile, the small-cap Russell 2000 index, has moved into a correction zone by plunging by over 12% from its peak this year. Other assets like commodities have also retreated as investors remain concerned about the next action by the Federal Reserve. The Fed has committed to hike interest rates to 5.7%, raising concerns about defaults and a recession.  Cryptocurrency prices have remained quite resilient in the past ...

Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. Hong Kong crypto exchange Hashkey, the first to receive a retail crypto license in the Special Administrative Region (SAR), will open Avalanche (AVAX) trading on its platform. However, there is a catch. According to the September 27 announcement, only professional investors, or individuals possessing an investment portfolio with a value exceeding 8 million Hong Kong dollars ($1 million), as defined by the SAR's Securities & Futures Commission (SFC), can trade AVAX on the Hashkey exchange. Currently, only Bitcoin (BTC), Ether (ETH), and Tether (USDT) are approved by the SFC for retail trading , with the remaining altcoins subject to professional investor restriction.  The SFC has placed significant restrictions on exchanges since regulated retail crypto trading began in Hong Kong in August. Unlike its global counterpart, Hashkey Hong Kong requir...

The Shiba Inu [SHIB] network has consistently demonstrated its capacity to be more than a mere meme coin. It has been enhancing its utility through inventive approaches. As reported recently, individuals in Texas now have the option to settle their solar panel expenses using a variety of crypto assets. This includes the meme coin, Shiba Inu. The availability of this service was made possible through a partnership between the blockchain payment firm FCF Pay and Chariot Energy, a solar energy company located in Houston, Texas. Residents can make use of this service through an easy three-step process. Source Customers have been asked to initiate the process by identifying Chariot Energy as the recipient of their solar panel bill payments. Afterward, they are needed to furnish essential billing details, which further encompass their name, email address, and residential address. Once these particulars are verified, individuals are then able to complete their payment by selecting their ...

Lawyers for FTX founder Sam Bankman-Fried have filed a new request to temporarily release him from prison to prepare for legal battles. Defense attorney Mark Cohen asked Judge Lewis Kaplan, who is presiding over the case, to grant Bankman-Fried temporary release , stating that it’s necessary to prepare his defense. Lawyers asked the judge to temporarily release the former head of FTX on Oct.2, the day before the start of the trial. “We submit that we are finding it exceedingly difficult as a practical matter to adequately prepare for trial with the restrictions on access currently in place,” Mark Cohen, defense attorney The government provided the defense with 50 witnesses and thousands of materials and exhibits, Cohen said. However, not all of them can adequately represent his client’s interests unless he is able to confer with them and prepare to confront witnesses and evidence outside the courtroom. You might also like: FTX sues SBF’s parents over misapp...

Ramp and MetaMask have partnered to bolster Web3 adoption.  The collaboration allows users to convert fiat into crypto from the MetaMask wallet. Ramp , a UK-based fintech startup focused on Web3 growth via payment rails connecting crypto and traditional finance, has sealed a strategic partnership with Consensys’ self-custodial wallet MetaMask. According to details in a press release shared with CoinJournal, the collaboration will see MetaMask directly integrate with Ramp’s on-ramp services, allowing customers to convert fiat into crypto from within their MetaMask wallet. Users can tap into the functionality in both the wallet’s mobile app and Portfolio, unlocking access to decentralised applications (dApps), NFT marketplaces and Web3 gaming among other uses. This partnership between Ramp and MetaMask comes just weeks after payments giant PayPal also announced its on and off ramps solution was now live on MetaMask. Streamlining Web3 ac...

Empower Oversight is working to enhance accountability within the SEC. They initiated a recent FOIA request regarding the SEC’s approach to cryptocurrencies, including Bitcoin, Ether, and XRP. Empower Oversight focuses on promoting transparency in government actions. Empower Oversight has initiated a noteworthy effort to enhance accountability within the Securities and Exchange Commission (SEC). This act involves a recent Freedom of Information Act (FOIA) request with the goal of shedding light on the serious matter surrounding the SEC’s approach to cryptocurrencies, specifically Bitcoin, Ether, and XRP. Empower Oversight is an organization committed to promoting transparency in government actions. Empower Oversight Presses for Additional Crypto Communications from Clayton SEC Tenurehttps://t.co/BMOJUzDR6Y — Empower Oversight (@EMPOWR_us) September 25, 2023 The FOIA request arises in response to statements made by former SEC Chairman Ja...

Chainlink, a decentralized oracle network, has come under scrutiny for altering the security measures of its multi-signature ( multisig ) wallet . Crypto researcher Chris Blec was one of several users on X (formerly known as Twitter) who criticized Chainlink for discreetly lowering the number of necessary signatures on its multi-signature wallet from a 4-of-9 configuration to 4-of-8. The 4-of-8 multisig configuration serves as a security protocol, requiring at least four out of eight signers to approve a transaction. In a Sep. 24 post, Blec highlighted a message from a pseudonymous user revealing that a wallet address had been quietly removed from Chainlink’s multisig wallet without any formal communication from the company. Chainlink multisig has removed a signer and is now a 4-of-8 multisig. This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide. Completely centralized under this multisig. https://t.co/GOAtJXShIV — Chri...

A Coinshares crypto market flow report reveales that traders are showing more confidence in the likes of XRP and Solana. Crypto investment products registered their sixth consecutive week of outflows in the week ending on Sept. 24. According to data shared by Coinshares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows with the past week's outflows reaching $6 million. Short-bitcoin positions saw outflows of $2.8 million. On the other hand, Ethereum (ETH) registered its sixth consecutive week of outflows with $2.2 million flowing out over the past week. The largest altcoin ETH registered its sixth consecutive week of outflows , other altcoins especially XRP and Solana have gained traders' trust with net in flows of $0.66 million and $0.31 million respectively. The report noted that investors are becoming more discerning in the al...

The digital identity project Worldcoin has garnered significant interest in Chile, with over 200,000 verified users since its launch in July 2023. In a Sept. 24 blog post, Worldcoin announced that more than 200,000 Chileans had signed up for its global identity protocol, World ID. For a country boasting a population of approximately 19.5 million, these figures represent over 1% of the citizens. More than 200K Chileans have now verified their World ID 🫡https://t.co/KOfcq8yh53 — Worldcoin (@worldcoin) September 24, 2023 According to Worldcoin, to cater to its burgeoning demand, new operations have been kick-started in the cities of Vina del Mar and Concepcion via its project contributors, Tools for Humanity (TFH). The surge in Chile aligns with Worldcoin’s escalating global engagement and its continued success in South America. Alex Blania, the Worldcoin co-founder and CEO of TFH, recently praised Chile’s receptiveness to initiatives like Worldcoin during a fireside chat on...

The de-dollarization efforts kick-started early this year are spreading across the globe among developing countries. The BRICS alliance is not the only group of nations that is looking to cut ties with the US dollar. Indonesia is following the BRICS path of de-dollarization and is now looking to ditch the US dollar for global trade. Indonesia ’s President Joko Widodo has directed the creation of a National Task Force to look at avenues to promote their local currency, the Indonesia n Rupiah . Also Read: 2 BRICS Countries To Be Ahead of U.S. GDP in 2075 Indonesia is inspired by BRICS de-dollarization efforts and is finding ways to cut ties with the US dollar. The National Task Force is tasked to widen the use of local currency transactions (LCT) among partner countries. Indonesia ’s Central Bank aims to increase payments in Rupiah for bilateral transactions. Developing countries are going nationalistic with their native economies by putting local currencies ah...

Balancer DAO, a decentralized autonomous organization governing the protocol, protocol thanked a team of security experts for their help following a DNS attack on a top level .fi domain registrar employed by Balancer. Balancer DAO called attention to SEAL 911, a Telegram bot built during the Curve Wars that ensued following the Curve Finance exploit . The bot operates as an emergency channel that connects users and protocols to a pool of vetted defi security experts. The Balancer DAO would like to express its heartfelt gratitude to all ecosystem members who acted swiftly and diligently to mitigate the effect of the recent DNS attack. [1/5] pic.twitter.com/SeU43AMKPD — Balancer (@Balancer) September 22, 2023 Balancer DAO also extended thanks to Metamask developers Nikita and Taylor Mohana (Tayvano) for Metamask block-ups deployed to mitigate further attacks. Alone we can do so little, together we can do so much. Through collaboration, the Balancer ecosystem continues to gro...

Ben Armstrong, also known as ‘BitBoy Crypto’, has recently become entangled in a lawsuit against his former partners from HIT Network, regarding assets seizure that were registered under their company’s name, but Armstrong claims belong to him. The former BitBoy Crypto employee is now asking for donations from the crypto community using emotional videos sharing his story, and on September 21, he shared a multi-millionaire XRP address, in response to supposed requests for a donation address by the XRP community. “Several people have asked about an $XRP donation address for my legal fund (…) XRP Address: ‘rJmXYcKCGJSayp4sAdp6Eo4CdSFtDVv7WG’ (…) Thanks for the support”. — Ben Armstrong (@BenArmstrongsX) Source: Ben Armstrong (@BenArmstrongsX) Thousands of dollars in XRP were already sent in the last 24 hours to the given Ben Armstrong address, with lots of these payments being from known centralized exchange accounts. Payments history from “rJmXY…Vv7WG”. Source: XRPScan...