In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Noble Bank, which makes most of its revenue from servicing Tether, said it has no cash. While Tether traders are unsuccessfully trying to get rid of large amounts of coins, the bank is frantically looking for funding. Recently, Noble Bank approached one of the major stablecoin holders with a request for a loan, but was refused.
According to Chainalysis's recently updated annual study, "long-term investors sold about $24 billion of Bitcoin to new speculators between December 2017 and April 2018, with half of the sales occurring in the month of December alone. This unprecedented injection of liquidity is responsible for the price decline during that period." Obviously, when holders sell a financial product, its price falls, and it can fall quite significantly.
It became somehow quiet on the network without weekly messages about Telegram and Pavel Durov. Accustomed to regular publications on social networks, users are perplexed by the long silence.
From October 8 to 11, Kyiv will host HackIT 4.0, an annual IT forum for cybersecurity specialists, blockchain entrepreneurs and white hat hackers. More than 50 security experts from around the world will participate.
Singapore-based crypto exchange Huobi is accused of colluding with voters in elections for EOS block producers.
On September 28, Bitcoin company Zebpay officially closed its cryptocurrency exchange in India. This decision was made due to the inability to obtain banking services from commercial banks and financial institutions that are subject to the central bank's ban.
In a letter to SEC Chairman Jay Clayton, members of Congress called on the SEC to urgently enact clear and precise regulation regarding cryptocurrencies. A week ago, representatives of the crypto community met with businessmen from Wall Street to discuss the same problem and measures that should be taken by the SEC in this regard.
The price of altcoins is still in the growth corridor, but may soon break through the support of the trend line. Determine the rollback area.
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