TADA Launches Telegram Mini App for Ride-Hailing Payments in Cryptocurrency
Southeast Asian ride-hailing platform TADA has introduced a new Telegram mini app in partnership with the TON Foundation.
Southeast Asian ride-hailing platform TADA has introduced a new Telegram mini app in partnership with the TON Foundation.
(Reuters) -Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S. Securities and Exchange Commission, the regulator said on Thursday. eToro also agreed to pay a penalty of $1.5 million to settle charges that it operated as an unregistered broker and unregistered clearing agency in connection with its cryptocurrency offerings. The SEC alleged that eToro provided its U.S. customers the ability to trade crypto assets that the regulator deemed to be securities since at least 2020, but did not comply with the registration requirements of federal securities laws.
RootstockCollective, the first DAO on the Bitcoin layer 2, is designed to encourage builders and users of Rootstock
According to BlockBeats, the number of initial jobless claims in the United States for the week ending September 7 reached 230,000. This figure aligns with the expected number of 230,000 claims. The previous week's number was revised from 227,000 to 228,000.
According to Odaily, the European Central Bank (ECB) has reduced its deposit facility rate for the second time within its current cycle, lowering it from 3.75% to 3.50%. This adjustment brings the rate to its lowest level since June 2023 and aligns with market expectations.As of September 12, the ECB's main refinancing rate stands at 3.65%, consistent with forecasts and down from the previous rate of 4.25%. The deposit facility rate, also as of September 12, is now 3.50%, matching market predictions and down from the prior rate of 3.75%.
The European Central Bank lowered interest rates by a quarter point for the second time in three months, widening a policy gap with the Federal Reserve, which is expected to start cutting rates next week.
According to CoinDesk, Russia's largest banks are required to support a digital version of the ruble for customers starting July next year. This initiative by the Bank of Russia aims to facilitate the use of the digital ruble for both retail and commercial purposes. The central bank has mandated that these banks enable their customers to open and top up digital ruble accounts, make transfers, and accept digital rubles within their infrastructure. Following this initial phase, the widespread use of the digital national currency is planned, ensuring it is accessible to citizens and businesses alike, allowing them to use it on an equal basis with cash and non-cash funds.The digital ruble is a central bank-issued digital currency (CBDC). Globally, banks have been exploring the use of CBDCs for various purposes, including retail, institutional, and wholesale applications. Some countries, such as the Bahamas and Nigeria, have already introduced their own CBDCs. In Russia, the central bank has been testing its CBDC with 12 banks. Earlier this month, the trials expanded significantly, involving 9,000 participants, up from the initial 600.
According to BlockBeats, on September 12, XTB MENA market analyst Milad Azar noted that Eurozone government bond yields have increased ahead of the anticipated rate cut by the European Central Bank (ECB). Azar stated in a report that yields might eventually decline if there are further indications of rate cuts. He mentioned, 'After the ECB announces its rate decision, yields may resume their downward trend, especially if the ECB hints at additional rate cuts.' The market has fully priced in the expectation that the ECB will lower the deposit rate by 25 basis points tonight. According to Tradeweb data, the yield on 10-year German government bonds rose by 2.5 basis points during the day, reaching 2.123%.
The next difficulty adjustment is expected to decrease mining difficulty, potentially relieving some pressure on miners. But market sentiment and broader financial conditions could influence bitcoin's price, with possible selling pressure if the overall market weakens.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.