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news-imageSeptember 20, 2024

Bitcoin Climbs Above $62K as Solana and Other Cryptocurrencies Rally

Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.
Publisher: The Currency Analytics
Sentiment: Positive
BTC
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Positive
cover-imageCrypto Economy
September 20, 2024

Stacks Will Launch sBTC on Solana Blockchain

TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL.

Positive
cover-imageBenzinga
September 20, 2024

Judge Dismisses ConsenSys Lawsuit After SEC Withdraws Ethereum Investigation

ConsenSys, the blockchain company behind Ethereum (CRYPTO: ETH) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the U.S. Securities and Exchange Commission (SEC). What Happened: The company had initially sued the SEC for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0.

Positive
cover-imageBenzinga
September 20, 2024

Bitcoin Bears Are Facing 'Last Stand': Here's What Technical Analysts Are Saying

Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: BTC), suggesting the apex crypto is at a critical juncture. What Happened: CryptoCred took to his X account to emphasize the importance of using line charts for market structure analysis, noting that they “tend to be clearer as they only show the closes.

Positive
cover-imageCryptoSlate
September 20, 2024

Franklin Templeton, Citigroup turn to Solana for next-gen financial services

Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain's capabilities for smart contracts and cross-border money transfers.

Positive
cover-imageNewsBTC
September 20, 2024

MicroStrategy's Bitcoin Stash Exceeds 250,000 BTC Following Half-Billion Dollar Acquisition

Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency's largest publicly traded corporate holder.

Positive
cover-imageCryptopolitan
September 20, 2024

Societe Generale expands EURCV stablecoin to Solana

SG Forge, the crypto unit of Societe Generale bank, will launch a Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. In a press release, the French firm disclosed that the EURCV would be a regulatory-compliant stablecoin, giving users more efficient and faster access to the network's decentralized finance ecosystem.

Positive
cover-imageCrypto Economy
September 20, 2024

Franklin Templeton to Launch Major Mutual Fund on Solana – Institutional Adoption Surges!

TL;DR Franklin Templeton to launch native mutual fund on Solana blockchain The firm built its own infrastructure for asset management on blockchain. Solana experiences a significant increase in price following the announcement, reaching $150.64. In a move that merges traditional finance with innovative blockchain technology, Franklin Templeton, an asset manager with $1.

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