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UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable steps” to ensure compliance with the travel rule. When the rule becomes effective, compliance with the rule is still expected even when a crypto asset business uses a third-party supplier.

UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap in bitcoin mining tech. They’ve unveiled certain methods that reportedly enhance the chances of pinpointing a winning hash. One such strategy, dubbed “Method B,” asserts it elevates the likelihood by a remarkable 260% compared to traditional mining searches, simultaneously slashing energy use by 4.3%.

Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can reduce the chances of losing money to scammers by doing their own research before committing funds.

ElmonX Releases Rare Digital Collectables From The Charles Salvador ‘Bronson’ NFT Collection PRESS RELEASE. London, United Kingdom, August 18th, 2023, ElmonX proudly presents the Charles Salvador ‘Bronson’ NFT Collection. This exclusive edition release captures the raw and intense art of Charles Salvador, previously known as Charles Bronson, and represents a unique opportunity to own a piece of his creative genius.

Elon Musk's Spacex Writes Down Bitcoin Worth $373 Million Spacex reportedly wrote down the value of its bitcoin holdings by $373 million over the past two years and sold an undisclosed amount of the cryptocurrency. According to reports, Tesla, another company run by billionaire Elon Musk, has taken a similar approach with its bitcoin holdings.

Dubai to Subsidize Commercial Licenses for Web3 and AI Companies Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract companies in this sector as part of its push to become a worldwide tech hub.

SEI's Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin’s latest 13% tumble mirrored a decline in the broader crypto market in the last 24 hours.

Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume, accounting for 61% of all settled trades in the past day.

Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is far more pronounced than in established networks such as Ethereum.

hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP, formerly Ripple, had significant declines on Friday, falling to a multi-month low of its own. After climbing to a high of 0.5852 on Thursday, XRP/USD dropped to an intraday low of 0.4681 later in the session. The move saw XRP dive to its weakest point since May 16, when the price traded around the 0.4300 region. This drop saw the token marginally break out of a critical support point at 0.4600, wiping out all gains accrued following the ripple ruling. price strength is now oversold, which prompted bulls to reenter, pushing XRP slightly higher. the token is trading at 0.5087. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/XRPUSDT/kgPOjN9e-XRP-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this LTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market. LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day. This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00. As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold. the index is tracking at 18.21, its weakest point since November 2018. The price has since moved away from earlier lows and is currently trading at 64.80. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/LTCUSDT/N5iSNUBV-LTC-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ethereum (ETH) also moved significantly lower following the news, slipping below 1,600. ETH/USD dropped to an intraday low of 1,551.71 on Friday, down nearly 200.00 from Thursday’s peak. This is the weakest reading for ethereum since March 12, when the price was trading below the 1,459 level. today’s sell-off has moved the RSI into a bear zone, with a current reading of 21.30. This could work in favor of bulls looking to buy the dip, and to a degree already has, with ETH now trading at 1,661.05. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/ETHUSDT/z9fwtRgG-ETH-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) bears pushed the cryptocurrency to a two-month low on Friday, following the news that Spacex had liquidated its holdings in BTC. After peaking at 28,525.11 during Thursday’s session, BTC/USD plunged to a bottom at 25,409.11 late last night. This was the weakest point that Bitcoin had fallen to since June 16, when the price was near a breakout below 25,000 it appears that the sell-off came as the 14-day relative strength index (RSI) fell deep into oversold territory. The index is now tracking at 20.10, the lowest level it has hit since January 2022, which ironically was when Tesla began to sell off its own holdings in Bitcoin. Price has somewhat rebounded from earlier lows, and is now trading at 26,041.67. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you

SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October.

BTC Plummets Below $26,000 on Reports Elon Musk's Spacex Liquidated Bitcoin Holdings Bears ran through crypto markets on Friday, following reports that Elon Musk’s Spacex had sold all of its bitcoin holdings. It has been suggested that Spacex liquidated over $370 million worth of the cryptocurrency last year. Ethereum dropped below $1,600.

Coinbase Secures Regulatory Approval to Offer Crypto Futures to US Customers The Nasdaq-listed crypto exchange Coinbase has secured regulatory approval to operate a Futures Commission Merchant (FCM) and offer customers access to crypto futures. “Coinbase will now be the first crypto-native leader to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures,” the exchange detailed.

Bankman-Fried Donated $100 Million of FTX Money to Politicians, Prosecutors Claim Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw donors” to evade contribution limits.

Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024 In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free to liquidate their digital holdings whenever they wish.

Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation to $1.75 billion.