Author: American Coins & Gold

First Mover Americas: Will BTC React to Powell’s Jackson Hole Speech?
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

MakerDAO to Offer Optional MKR Conversions for New Governance Token
Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000.

Bitcoin Mining Opportunity Is Worth About B, JPMorgan Says
The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin and the network hashrate.

Donald Trump Teases 'The DeFiant Ones' Crypto Project on Truth Social
“It’s time we take a stand – together,” Trump wrote on his Truth Social account with a Telegram group link to the unreleased decentralized finance platform.

DeFi Summer Is Making a Comeback, Steno Research Says
Total value locked across the crypto ecosystem is expected to reach an all-time high in the first half of next year, the report said.

Bitcoin Tops K Ahead of Jackson Hole as Ether ETFs Extend Record Outflow Streak
Comments at the Jackson Hole symposium later Friday may give clues about the Federal Reserve monetary policies, will boost or undermine prices of risk assets, including bitcoin.

Australia's Securities Regulator Wins Case Against Kraken's Local Operator
The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken’s operator in Australia, Bit Trade Pty Ltd, “contravened” with a section of the nation’s Corporations Act.

Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain 'Soneium'
The new project, “Soneium” will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism’s OP Stack.

R.I.P. Unhosted Wallet Rule
In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal.

From Chaos to Crypto: The Crecimiento Movement Igniting Argentina
A month-long pop-up in Buenos Aires is showing how crypto can potentially transform an economy from the bottom-up.