1️⃣✅ Bitcoin's "spot" trading volume on #Binance has dropped by 57% since the beginning of September, with total exchange volume decreasing by 48%. 👀
2️⃣✅ The Financial Services Committee in the House of Representatives approved a bill to prevent the Federal Reserve from creating a central bank digital currency (#CBDC).
3️⃣✅ ONE EXCHANGE Pay added support for the Petra wallet from Aptos.
4️⃣✅ THIS EXCHANGE announced the listing of the stablecoin #PYUSD from PayPal.
5️⃣✅ The founder of #dYdX, Antonio Giuliano, mentioned that the launch of the dYdX mainnet based on #Cosmos might happen in October.
6️⃣✅ In the Philippines, the Philippine Union Bank became the first global bank to obtain a license to offer #digital_currencies services. #CRYPTO.
7️⃣✅ The Liberal Party in the Netherlands put up a billboard saying "Bitcoin is the future." 👀
8️⃣✅ Update: #MtGox has postponed the final payment date to 2024.
📌 Mt. Gox, which was hacked in 2014, has extended the final payment deadline for another year, now set for October 31, 2024.
📌 Creditors, who had been eagerly awaiting repayment, expected it by October 2023.
📌 What was the MT. GOX hack?
📌 The 2014 hack resulted in the loss of 850,000 Bitcoins, valued at approximately $23 billion at current rates.
📌 This led Mt. Gox to file for bankruptcy and significantly impacted confidence in cryptocurrencies.
— Side Effects
📌 While 20% of the stolen assets have been recovered, late payments could marginally affect Bitcoin prices, according to a UPS report, but it's not expected to shake the stability of the crypto market.
📌 Keep in mind that Bitcoin's price in early 2014 ranged from $500 to $1,000. We have seen significant growth since then.
9️⃣✅ Pacific Investment Management Co. warned that the risks of a U.S. recession 🇺🇸 and Federal Reserve interest rate hikes have been downplayed as Treasury bond yields reached their highest point since 2007 amid rising oil prices and rate hike expectations.
1️⃣0️⃣✅ The Chairman of the U.S. Securities and Exchange Commission, Gary Gensler, says that applying U.S. securities laws to cryptocurrencies will benefit investors and protect them from "fraud and manipulation."
1️⃣1️⃣✅ Quick summary of the Bank of England press release ⚠️
Interest rates remain stable at 5.25%, with a clear 5-4 majority split among members.
The Bank of England will raise interest rates further if necessary.
1️⃣2️⃣✅
📌 The main topics between the European Central Bank, the Bank of England, and the Federal Reserve are the prolonged rate hikes and whether the economy is behaving better or needs further tightening.
📌 The Federal Reserve's long-term interest rate expectation is 2.5%. They indicate that zero interest rates are a thing of the past.
— End
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