BITCOIN

The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” she emphasized. India Says ‘Active Discussions’ on Crypto Are Happening Indian Finance Minister Nirmala Sitharaman provided an update on the discussions regarding global cryptocurrency regulations under India’s G20 presidency on Tuesday at this year’s Global Fintech Fest in Mumbai. Regarding crypto discussions at the G20, the Indian finance minister emphasized: “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets.” She affirmed: Active discussions are happening. Sitharaman proceeded to reference various in-depth papers relating to the regulatio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few months.” Kevin O’Leary Warns About Emerging Financial Crisis Shark Tank star and O’Leary Ventures chairman Kevin O’Leary, aka Mr. Wonderful, warned about an impending financial crisis in an interview with Fox News, published Saturday. He said: We have a crisis emerging … I’m talking about companies with five to 500 employees, which represent over 60% of our economy. “If you’re in the S&P 500, you have no trouble financing your business. You can’t say that about small business anymore. The cost of capital has gone through the roof,” the Shark Tank star stressed. He explained small business owners will be “cut off at the regional bank level.” He emphasized: “They’

Visa is taking a step in advancing digital currency adoption by expanding its stablecoin settlement capabilities to the Solana blockchain network. The payments giant also announced new pilot programs with merchant acquirers Worldpay and Nuvei to explore streamlining settlement in the Circle-issued stablecoin USDC. Visa Expands Stablecoin Settlement to Solana; Partners With Worldpay and Nuvei for Streamlined USDC Transfers The financial entity’s latest move builds on Visa’s previous work with Crypto.com and Circle, which utilized USDC and the Ethereum blockchain for near real-time settlement between issuers and acquirers. By adding support for Solana , Visa aims to enable faster and lower-cost transactions for clients wishing to leverage stablecoins. “By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds f

Bitcoin moved lower on Tuesday, as U.S. traders returned from the Labor Day celebration, bringing back bearish sentiment with them. The global crypto market cap was down by 0.47% at the time of writing. Ethereum remained in the red, with price trading below a recent support point. Bitcoin Bitcoin fell further below the $26,000 level on Tuesday, as U.S. traders returned to action in today’s session. BTC /USD dived to a bottom at $25,589.99 earlier in the day, following a high of $25,945.42 to start the week. As a result of the decline, bitcoin moved marginally below a support point of $25,600, however bulls have reentered to swiftly reject this breakout. At the time of writing, BTC is trading at $25,754.25, which seems to be due to the relative strength index (RSI) finding its own floor. The RSI is currently at a reading of 36.19, which comes after resisting a breakout from a floor of 35.00. A ceiling at 39.00 now awaits would-be bulls, and should they rally beyond this point,

The U.S. Securities and Exchange Commission has charged a Hawaiian resident for falsely claiming that his fraudulent security would become the “first publicly traded security fund to convert to a cryptocurrency.” According to the Commission, the man promoted the security to boost its price and bolster the value of his portfolio. Fabricated Documents Used to Perpetrate the Fraud The U.S. Securities and Exchange Commission (SEC) has charged a Hawaiian resident Jeremy Koski for allegedly fabricating and posting fake documents about a purported security that he said would become the “first publicly traded security fund to convert to a cryptocurrency.” The SEC also accused Koski of falsely claiming that the conversion would “allow the fund to recover the face value of $25 as it opens up to a new world of digitized currency.” According to the Commission’s Sept. 1 press release , the SEC has since formally charged Koski with “violating Section 17(a) of the Securities Act of 1933, Section