#crypto

As September 2024 comes to a close, Bitcoin seems poised to end the month in the green, showing a 7% gain as of September 30. Historically, September has been a tough month for BTC, but not this time. The last time we saw a back-to-back positive September for Bitcoin was way back in 2015-2016.

Powell’s Speech - Today, on September 30, Federal Reserve Chair Jerome Powell will be delivering his latest briefing.

On September 28, during the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former Vice Minister of Finance, urged Chinese authorities to reconsider their approach to cryptocurrencies, warning that the U.S. could take the lead in this sector.

SEC Chairman Gary Gensler reiterated that the cryptocurrency industry is governed by clear regulations, reaffirming that Bitcoin is not a security. He highlighted that this regulatory clarity was a key factor in the approval of spot Bitcoin ETFs.

BlackRock’s Head of Digital Assets Robbie Mitchnick argues that Bitcoin is unfairly labeled as a high-risk asset. He believes the first cryptocurrency should be seen as a risk-free investment, suggesting that its reputation as a risk-on asset is a narrative pushed by certain voices in the crypto community.

Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies.

Blockchain researcher ZachXBT revealed details of a $243 million fraud operation. This led to the arrest of several suspects and the freezing of funds' portion. The victim was a lone creditor from the Genesis platform, and the main culprits were Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano).

WhiteBIT, Europe’s leading crypto exchange and the official sponsor of the Ukrainian national football team, started a pre-sale of tickets for the upcoming Ukraine vs Georgia home match in the UEFA Nations League, accepting payments in cryptocurrency. The game will be held on October 11 at the City Stadium in Poznań, Poland.

From September 23 to 29, cryptocurrency startups and projects raised $236 million in investments. Which sectors are driving the success of these crypto startups, and where did venture capitalists invest a quarter of a billion dollars?

According to Odaily, billionaire investor and Bitcoin holder Christian Angermayer has left the UK for Switzerland in response to planned tax increases on offshore wealth for high-net-worth individuals.

Immunefi, a blockchain security company, reported a 40% drop in stolen crypto assets in Q3 2024 compared to the same period last year, with losses totaling around $413 million. There were 34 successful breaches or scams during this period.

As part of her economic platform focused on "innovation and regulation," U.S. Democratic presidential candidate Kamala Harris pledged to support and encourage investments in cryptocurrencies and artificial intelligence if elected.

A federal judge in Texas dismissed ConsenSys' lawsuit against the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. The company sought to legally establish that Ethereum is not a security and to prevent the SEC from interfering with the operation of the MetaMask crypto wallet.

Bloomberg reports that Dragonfly Capital, a crypto-focused venture company, is preparing to raise $500 million for a new fund aimed at early-stage blockchain projects. So far, over $250 million has been secured, with the full fundraising expected to be completed by the first quarter of 2025.