Kraken to end Monero support in European Economic Area
Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency.
Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency.
Telegram’s disclosure process of IP addresses and phone numbers was in place “long before last week,” CEO Pavel Durov said.
The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app.
Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and money laundering.
According to BlockBeats, the United States reported 8.04 million job openings for August, surpassing the anticipated 7.655 million. The previous figure was revised from 7.673 million to 7.711 million.
According to BlockBeats, the final reading of the U.S. September S&P Global Manufacturing PMI came in at 47.3, slightly above the expected 47 but below the previous value of 47. This marks the lowest level since June 2023.
According to BlockBeats, on October 1, market data indicated that the three major U.S. stock indices continued their downward trend. The Dow Jones Industrial Average fell by 0.62%, the S&P 500 Index dropped by 0.7%, and the Nasdaq Composite Index saw a more significant decline, expanding to 1%.In addition to the stock market movements, the U.S. Dollar Index (DXY) experienced a short-term rise of nearly 20 points, currently standing at 101.20.
According to Foresight News, Decrypt reports that House Majority Whip Tom Emmer believes that support for U.S. crypto legislation has reached a critical point. Emmer suggests that the FIT21 bill, a stalled crypto market structure proposal, could become law before the holiday season. The FIT21 bill aims to establish a federal regulatory framework for digital assets, overseen jointly by the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC). This legislation would allow issuers to self-certify their assets as digital commodities, a move previously criticized by President Joe Biden and SEC Chairman Gary Gensler.
According to PANews, UBS forecasts a continued depreciation of the US dollar and recommends investors reassess their portfolios. The bank anticipates a mid-term decline in the dollar due to narrowing interest rate advantages and increasing fiscal deficits. Since June, the dollar has fallen by 5%. UBS advises investors to adopt strategies such as currency hedging, diversifying into other currencies, and investing in assets like gold to mitigate risks.
The filing signals progress toward a possible spot cryptocurrency index ETF listing in the US.