25-09-2024

Author

Fernando Fierro
September 25, 2024

Howdy folks,

💰📈 Central banks are turning on the stimulus taps, with the Fed's recent 50 basis point rate cut triggering a 5.2% surge in Bitcoin's price within 24 hours. In contrast, similar moves by the BoE and ECB resulted in significant Bitcoin declines, highlighting the dominance of USD-backed stablecoins.

Nonetheless, soaring gold prices amid these rate cuts signal underlying economic concerns and a possible lack of confidence in central bank measures.

In other news:

🚨⚖️ Kraken is locked in a legal tussle with the SEC, refuting allegations that it violated federal securities laws. The exchange argues it doesn't fall under the Securities Act and Exchange Act's jurisdiction since digital assets aren't regulated the same way as traditional securities.

This defense contrasts sharply with other crypto exchanges, like eToro, which opted for settlements over court battles.

🔔📊 Kamala Harris received a "B" rating for her crypto stance from Stand With Crypto, but industry experts are skeptical. Despite positive remarks at a recent Wall Street fundraiser, many question Harris’ commitment, citing her administration's previous regulatory hostility toward digital assets.

As crypto policy becomes a major election issue, some doubt whether Harris’ rating truly reflects her position.

📢🔒 Telegram's co-founder and CEO, Pavel Durov, has announced significant updates to the platform’s privacy policy after his recent arrest. The new policy allows Telegram to disclose sensitive user information, like IP addresses and phone numbers, in response to valid legal requests, aiming to curb illegal activities on the platform.

While these changes target criminals, they could impact all users, challenging Telegram's long-standing reputation for stringent privacy protections.

DailyCoin Daily Meme

Kraken Completes Coin Meester B.V. (BCM) Acquisition: “This Is a Key Milestone in Our European Expansion”

Kraken bolsters Dutch presence with Coin Meester B.V. acquisition, furthering its European expansion goals.

"Base Around the World:" Inside Coinbase Base's Initiative to Bolster its Reach By Incentivizing Builders Globally to Solve Real-World Problems

Coinbase's Base looks set to expand its reach with a new regionally-focused campaign.

Will TON Loosen Its Ties with Telegram? Bitget Report Suggests "de-Telegramization" to Shield the Network from Regulatory Woes

Bitget has highlighted the implications associated with TON's relationship with Telegram amid the latter's ongoing woes.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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