As a seasoned researcher with a keen eye for the ever-evolving world of cryptocurrencies, I find myself both intrigued and amused by this week’s roundup. The crypto landscape is reminiscent of a rollercoaster ride, with ups, downs, and unexpected twists at every corner.
This week’s summary of cryptocurrency news showcases significant advancements such as DBS Bank’s upcoming offering for trading Bitcoin and Ethereum options, Bhutan’s substantial Bitcoin investment estimated at over $780 million, and the rebound of Ethereum following a dip to $2,000.
Bitget secures a multi-million dollar La Liga partnership, while Chiru Labs expands into anime by acquiring Anime.com. Additionally, Binance founder CZ receives a reduced sentence, and Prager Metis settles with the SEC for $1.95M over FTX audit failures.
Bitcoin
As a researcher, I am excited to announce that starting in the fourth quarter of 2024, DBS Bank – Singapore’s leading financial institution – will introduce over-the-counter trading options for Bitcoin and Ethereum, catering exclusively to its institutional clients and accredited wealth management clients. This move underscores the bank’s commitment to embracing digital assets in the evolving financial landscape.
The influence of Bitcoin is steadily increasing, currently standing at approximately 58.47%. Breaking through previous resistance, it’s now aiming for the upcoming barrier at around 60%.
Bhutan amassed approximately 780 million dollars by mining Bitcoin using the power generated from its renewable energy sources, placing it among the governments with significant Bitcoin holdings.
Ethereum
It seems that the price of Ethereum (ETH) may have hit a base at around $2,000, as it’s now on an upward trajectory, showing a rise of approximately 17%, reaching a new high of $2,433.
Business
On its sixth birthday, Bitget was selected as the primary cryptocurrency collaborator for the renowned football association, La Liga, in a significant multi-million dollar agreement.
Altcoins
In the bustling crypto scene, BlockDAG is garnering attention as an emerging sensation. The talk of a potential collaboration with the Premier League is creating quite a stir, generating substantial interest.
There’s a growing sense of anticipation in the world of cryptocurrencies, with various meme coins displaying encouraging indications of significant expansion.
While Cardano (ADA) and Ethereum (ETH) are currently leading the pack among cryptocurrencies, Bitgert (BRISE) might present more compelling reasons for investment in 2024.
NFT
Chiru Labs, the mastermind behind the Azuki NFT series, is growing its digital presence and boosting its anime-centric entertainment content through the introduction of Anime.com.
Web3
In simple terms, Solana Mobile is planning to debut its Seeker web3 phone in 2025, accompanied by the Play Solana Gen1 gaming console. This move aims to further their mission of merging blockchain technology within mobile devices and gaming systems.
Regulation
The accounting firm, Prager Metis CPAs, has reached an agreement to pay a sum of $1.95 million to the Securities and Exchange Commission (SEC), following accusations of careless auditing and breaches of auditor independence regulations in their reviews of the cryptocurrency exchange, FTX.
The founder of Binance, Changpeng Zhao, has an early release from a U.S. prison imminent following a shorter sentence served for violating anti-money laundering regulations. This development stirs speculation regarding his potential involvement in the cryptocurrency sector moving forward.
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2024-09-22 15:08