Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

Basel Study Shows World's Largest Banks Are Exposed to $9 Billion in Crypto AssetsA first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated […]

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Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’

Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the […]

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Unsurprisingly, Bitcoin and Ethereum Hold Support With Little Price Action This Weekend

The weekly pattern for crypto markets continues. After slight volatility this week, with Bitcoin holding at $19k and Ethereum staying above $1,300, the trading volume and price action drop dramatically this weekend as the market decides to lay low. Key Points: The global cryptocurrency market remains in the bearish territory with dropping volume and a valuation below $1 trillion. Bitcoin’s fear and greed index are at 20 points, signaling extreme fear this Saturday. The dropping trading volume suggests a low volume pullback technical correction likely to last until Monday. The long-term potential for Bitcoin, Ethereum, and crypto markets remains bullish,

The post Unsurprisingly, Bitcoin and Ethereum Hold Support With Little Price Action This Weekend appeared first on The Merkle News.

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Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils

Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report UnveilsNew sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target Crypto Services for Russians […]

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Microstrategy Is Seeking a Full-Time Lightning Network Engineer to Build a SaaS Platform

Microstrategy Is Seeking a Full-Time Lightning Network Engineer to Build a SaaS PlatformThe mobile software, cloud-based services, and business intelligence (BI) firm Microstrategy is seeking a full-time Lightning Network software engineer, according to a job listing published this week. The developer, if hired, will build a Lightning Network-based software as a service (SaaS) platform for the company so it can be used for ecommerce use cases and […]

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Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill

paraguayan cryptocurrency billThe Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto miners and the income that mining taxes […]

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Bitcoin and Ethereum Prices Rise Despite Low Trading Volume

This week cryptocurrency prices remained relatively flat, with the trading volume fluctuating slightly. There hasn’t been any significant news affecting prices for BTC and ETH, which managed to hold support and close in the green today. Bitcoin is trading at $20,082, and Ethereum is trading at $1,366. Both crypto assets are up over 5% in the past 24 hours. Despite today’s bullish momentum, the global cryptocurrency market cap remains below $1 trillion, meaning that the bears still haven’t left the party. Bitcoin News With the Ethereum merge completed successfully, all eyes are on Bitcoin as it remains the largest proof-of-work

The post Bitcoin and Ethereum Prices Rise Despite Low Trading Volume appeared first on The Merkle News.

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State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins

State Securities Regulators Object to Celsius's Court Motion to Sell StablecoinsAs Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior […]

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Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token Investments

Brazilian CVMThe Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available […]

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Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements

Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm ElementsOn Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions. Circle Reveals […]

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