The SEC has filed a lawsuit against Green United for allegedly defrauding investors by selling hardware that was supposed to mine cryptocurrencies but failed to do so.
Kamala Harris Vows to Keep US ‘Dominant on Blockchain’ Democratic presidential candidate Kamala Harris spoke about blockchain for the first time in a public speech on Wednesday. Here’s what she said.
Vice President Kamala Harris said blockchain, AI and other emerging technologies will be a major part of her administration if she is elected president in November, during a speech at the Pittsburgh Economic Club on Wednesday.
Telegram-Linked DOGS Airdrop Ends, Prepares for Token Burn
DOGS airdrop has ended after distributing 380 billion tokens to 20.5 million users; the next step is a community-led token burn vote. The token burn aims to reduce supply and increase value; holders will also vote on charitable donations from DOGS. Built on the TON blockchain, DOGS rewards Telegram users and is rapidly breaking growth records, gaining 17 million beneficiaries. #DOGS🦴 #ton #telegram
The United States Securities and Exchange Commission (SEC) announced on Tuesday that it has accused TrueCoin LLC and TrustToken Inc., a pair of companies behind the TrueUSD (TUSD) stablecoin, of selling fraudulent and unregistered investment contracts.
Former Alameda CEO Caroline Ellison will be sentenced today for her role in the FTX scam. Ellison, who pleaded guilty to seven charges, could receive a reduced sentence because of her "extraordinary cooperation" with prosecutors. Prosecutors are asking for leniency for her cooperation in the investigation. #Ftt #BNB #BTC☀
Alchemy Pay Expands Virtual Card Functionality with Google Pay Support
Leading fiat-crypto payment gateway Alchemy Pay has introduced a new update to its Virtual Card, which now includes a card case that is fully integrated with Google Pay. This new feature further simplifies everyday transactions by allowing users to make seamless crypto payments directly through Google Pay.
Mastercard and Safaricom are partnering to advance cross-border payments, a move that combines traditional finance with new digital solutions. The collaboration highlights the growing shift toward seamless, borderless transactions by unlocking the potential of crypto. #mastercard #safaricom #BTC☀ #para
Alchemy Pay Joins Forces with Google Pay! Alchemy Pay announced a new update to its virtual card. Now fully integrated with Google Pay! This innovation will allow users to spend their cryptocurrencies more easily and securely. #ACH
Tether Invests $1.5 Million in Sorted Wallet to Increase Financial Inclusion
According to Foresight News, Tether has announced a strategic investment of $1.5 million in Sorted Wallet. The platform is designed to provide easy access to cryptocurrencies for users in emerging markets. The investment aims to increase financial inclusion in Africa and South Asia.
The Bank of Japan (BOJ) is expected to keep its current monetary policy steady at its policy meeting, which ends on Friday, but give strong signals for gradual interest rate hikes. The bank is expected to draw attention to the inflation trend close to its 2% target and emphasize that the economy is making progress on this path. #Japonya
Intel is Spinning Its AI-Focused Foundry Business Into an Independent Subsidiary
Intel is spinning off its AI-focused foundry business into an independent subsidiary, a move aimed at reversing the company’s recent financial woes, according to Cointelegraph. The company reported multibillion-dollar losses and saw its stock price fall nearly 45% last year. Intel CEO Patrick Gelsinger announced in a Sept. 16 memo to employees that Intel Foundry will become an independent subsidiary with its own board of directors and the ability to raise outside capital. Intel, one of the world’s largest makers of semiconductors and computer processing units, is intensifying its competition with Nvidia, which has made significant profits by making chips and boards specific to AI systems. The new independent foundry business will begin manufacturing chips for partners such as Microsoft and Amazon using Intel’s new 18A chipmaking process starting next year. Gelsinger said the subsidiary will enable Intel to achieve greater efficiency, improve profitability and increase market competitiveness. He called the move Intel’s most significant transformation in more than four decades, likening it to the company’s shift from memory to microprocessor manufacturing. Intel shares rose 6.4% after the announcement, from $19.86 at market open to $23.30 at close, according to TradingView data. Despite the optimism, challenges remain for Intel. A Reuters report on Sept. 4 said early tests of its 18A chipmaking process had encountered significant glitches. Intel Foundry, which launched in February, focuses on making chips for AI processes in-house rather than outsourcing production to third-party manufacturers.
Bitcoin Drops Below $60,000 Ahead of Fed’s Expected Rate Cut
Bitcoin has fallen below the $60,000 level as the market looks to the Federal Reserve to cut interest rates this weekend, according to Odaily. The Fed’s impending policy adjustment has created a sense of unease in global markets. It would be the first U.S. rate cut in more than four years and would signal a more accommodative financial environment that is generally seen as favorable for higher-risk assets like cryptocurrencies. However, investors remain uncertain about the scope of the rate cut expected on Wednesday and how the market will react to Fed officials’ latest projections, known as dot plots, and Fed Chair Jerome Powell’s briefing.
“The rate cut is less important than the signals presented in the press conference and the latest dot plot. If the guidance and press conference are significantly more moderate, we expect Bitcoin to rise,” said Sean McNulty, head of trading at liquidity provider Arbelos Markets. Bitcoin’s price rose 10% in the seven days ending Sunday, its biggest weekly gain since July, likely reflecting increased bets on a 50 basis point rate cut by the Fed.
Investors are giving the Fed meeting much more weight than we’ve seen recently in the Bitcoin options market, said Caroline Mauron, co-founder of digital asset derivatives trading liquidity provider Orbit Markets. The outlook for monetary policy is arguably the primary driver of Bitcoin’s short-term moves, overshadowing the impact of the U.S. presidential election, at least for now.
🇺🇲 The US Department of Justice recently announced that 12 defendants were convicted for participating in a series of violent home invasions to steal cryptocurrency. Remy Ra St Felix from Florida was sentenced to 47 years in prison for leading the group, tying up and threatening the victims at gunpoint before gaining access to their computers and cryptocurrency trading accounts.
According to Odaily, Circle CEO Jeremy Allaire recently stated on X that the US is at a “turning point” in the crypto space and is poised to be a “determined leader” in nurturing the technology. While Allaire noted that many people “complain” about the US government’s perceived hostility towards the crypto space, he did not share that view.
“The magnitude of the cuts over the next few months is going to be much more important than whether to do 25 or 50 as a first step. And I think that’s a very close call,” said Jon Faust, who served as a senior adviser to Powell until earlier this year. #FED