Bitcoin eyes its highest levels in six weeks as weak US jobs data drives crypto and risk assets higher, with shutdown dips now “buy opportunities.”
Cryptocurrency News
Here’s why gold and Bitcoin are surging as US stocks falter [btcmanager]
U.S. stocks opened lower today as Wall Street weighed the immediate impact of the U.S. government’s official shutdown, and as the dollar slipped, gold and Bitcoin soared. Wall Street traded lower as the first official government shutdown in seven years…
Top reasons why crypto market is rising today (October 1) [btcmanager]
The crypto market is rising today, with Bitcoin nearing $117,000 and the valuation of all coins moving back to $4 trillion. Bitcoin (BTC) rose to a $116,800, while popular altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) were up…
Bitcoin holders show interest in BTCFi but awareness still remains low, research shows [btcmanager]
Despite big investments and clear demand for yield, most Bitcoin holders have never tried BTCFi because the platforms feel complex and unfamiliar. Without simpler products and better communication, BTCFi could stay a niche space for insiders rather than reach mainstream…
Kraken backs Argentum AI’s bid to build decentralized compute market [btcmanager]
Argentum AI is deploying new capital from an oversubscribed round led by Kraken to build a decentralized network that lets anyone monetize idle processing power, creating a new class of “GPU entrepreneurs.” According to a press release shared with crypto.news…
Bank of England governor says stablecoins could reduce reliance on banks [cointelegraph]
Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks.
The rise of crypto is reshaping the global financial system [btcmanager]
As US debt and inflation pressures weigh on traditional assets, investors are turning to Bitcoin and cloud mining platforms like WinnerMining. #partnercontent
US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax [cointelegraph]
The US Senate Finance Committee is holding a hearing on Wednesday on crypto asset taxation, following the IRS’s release of relief guidance on the Biden-era CAMT tax.
Ethereum’s ‘bull flag’ targets $10K as ETF demand returns [cointelegraph]
ETH price could rally to new all-time highs above $10,000, fueled by renewed institutional demand through Ethereum ETFs and treasury companies.
BNB Chain hack update: X account reclaimed after $13k theft, victims to be compensated [btcmanager]
The BNB Chain hack compromised the project’s official X account after attackers posted phishing links that led to losses, but the account has since been restored. BNB Chain has successfully regained control of its official X account following a brief…