Author: American Coins & Gold

Bitcoin Plumbing Six-Month Lows and Higher Oil Prices Suggest Further Pressure
Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023.

Connext Airdrop Marred by K Sybil Bot Attack
Connext Network, a protocol that interacts with native blockchain bridges to optimize security, is the subject of intense scrutiny after one wallet appears to have exploited its NEXT token airdrop.

Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments
The company said it is one of the first major payment institutions to use directly the Solana network for settlements.

First Mover Americas: Bitcoin Treads Water Below K
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Bitcoin Remains Subdued Below K
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
The Californian company will develop custody services and security solutions, local media reported.

Traditional Finance Exchanges Divided on Crypto Services: Survey
A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future.

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options
Options tied to ether recorded their highest volumes since March of this year, Deribit’s Luuk Strijers told CoinDesk.

Steve Cohen’s Point72 Ventures Leads M Fundraising in Swiss Fintech GenTwo
The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes
The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.