Your essential daily read: our featured Story of the Day highlights the most impactful development across crypto, blockchain, or regulation—curated for urgency, significance, and insight. Don’t miss what moves the market today.
Both Dow Jones and S&P 500 had it extremely rough as September drew to a close, showing evidence that US stocks performed poorly.
Wall Street remains jittery as bond yield continues to drag the tech stocks to the south. On the other hand, the fears of a potential US debt default weigh around.
US-based crypto solutions provider, Ripple, has launched a $250m fund for NFT creators.
Elon Musk doubled down on the potentials of digital assets in helping to correct the “error and latency” in the traditional financial systems as we have it today, he believes cryptocurrencies alone do not guarantee a road to paradise.
Stock markets across the Asia Pacific entered heavy correction following strong market correction on Wall Street due to rise in bond yields.
The new payment solution would allow customers to choose their crypto wallet on the Verifone terminal serving as a card reader.
However, the timing for a Revolut crypto token is subject to approval from the United Kingdom’s regulators.
On Monday, the surge in Treasury yield saw the financial stocks soaring high. However, the tech sector took a beating dragging Nasdaq down.
Coinbase is also expanding the app’s capabilities by adding four new tabs to its mobile version. The new tabs are “Assets”, “Trade”, “Pay” and “For You”.
Elon Musk has consistently compared China to the United States ever since his company set up shop there. He believes China could someday flip the technological development of the US.
On Friday, the Chinese Central Bank declared cryptocurrency activities illegal in the country and vowed to crack down on all cryptocurrency activities within its boundaries yet again.
Apart from the ban on mining, China has extended its crackdown to cover all information and financial services related to crypto.
US stocks continued to gain on Thursday as the Fed decided not to play around with the stimulus for now. Also, fears of the bankruptcy of China’s Evergrande Group have subsided for a while.
As part of the Tips feature, Twitter makes it easy to tip social media creators while paying in Bitcoin using the Strike Bitcoin Lightning Wallet.
Bitcoin price is still trapped in a recent dip that saw the asset shed over 11% in the past 30 days.