Welcome to today’s overview of crypto news:
The increased volatility that BTC has faced in recent days continued yesterday. The cryptocurrency dropped below $ 41,000 for the second time in a few days, but the bulls drove it up by several thousand dollars almost immediately. However, the pain is not over yet, as another price drop has occurred, bringing it to a new low of USD 40,800. The situation changed again somewhat quickly, and this time BTC went higher.
Within hours, BTC added about $ 3,000 in value and reached an intraday high of $ 43,800. Since then, however, he has backed down by several hundred dollars and currently costs around $ 43,000.
Most alternative coins have failed to show any significant gains in recent days. One of the biggest losers was ETH, which fell from over $ 3,100 to $ 2,900, where it was for a while. In the last 24 hours, the ETH has embarked on a journey above $ 3,000, but has since returned to below that level.
BTC could finish September in green numbers despite regulatory pressure
After a slow start to the week, BTC is experiencing positive price movements today (Thursday, September 30) and it looks like the month will end in green numbers, despite extreme concerns on the barometer.
Since Wednesday, the cryptocurrency has gained more than 2%, allowing it to regain its previous maximum of $ 43,000. Interestingly, the price of other important cryptocurrencies followed the example of BTC, with a comparable increase in price also recorded for Ethereum (ETH) and Ripple (XRP).
Expect the biggest crash in the world in October, says Robert Kiyosaki
American businessman and author of the book on personal finances “Rich Dad, Poor Dad” Robert Kiyosaki predicted that there would be a general market crash in October, including BTC, gold and stocks.
In an interview with Kitco News, Kiyosaki explained several factors surrounding the economy, culminating in the collapse he called the largest in the world.
The author cited factors such as rising indebtedness, while saying that a potential crash offers an opportunity to invest in assets considered as preservers of value, such as BTC, gold and silver.
He noted that the possible bankruptcy would be the result of decisions by the Federal Reserve System and the Treasury Department. Kiyosaki is of the opinion that the decisions of these institutions do not reflect the current state of the economy.
Banks, crypto exchanges, companies
Kraken has revealed vulnerabilities in “commonly used” BTC ATMs
Kraken Security Labs, the cybersecurity arm of the Kraken crypto exchange, has identified several vulnerabilities in commonly used General Bytes ATMs.
“Our team has found that a large number of ATMs are configured with the same default administrator QR code, which allows anyone with this QR code to access the ATM and compromise it.”
– wrote to the Kraken Security Labs team in a blog post in which he revealed the vulnerabilities.
“Our team also found a lack of secure boot mechanisms and critical vulnerabilities in the ATM management system.”
– added Kraken.
Kraken’s findings have hardware and software implications for General Bytes machines.
The CoinEx crypto exchange will remove all users from mainland China in October
The CoinEx crypto exchange ceases operations in mainland China to comply with local anti-crypto regulations.
On September 30, the company officially announced that it would completely eliminate user accounts authenticated as mainland Chinese citizens as well as accounts associated with a mobile phone number from mainland China.
The exchange has asked users based in mainland China to withdraw their cryptoactive assets from the platform by October 31, 2021. CoinEx then plans to deactivate zero-asset accounts from September 30.
The Central Bank of New Zealand issues a digital currency issuance document
The Reserve Bank of New Zealand (RBNZ) has published an issuance document in which it provides its view of the central bank’s digital currencies (CBDC). The document outlines the purposes and proposals of the CBDC, as well as the potential benefits and associated risks. The Bank will request comments on the proposed document by 6 December.
The document focuses on the “universal” CBDC, which is a digital currency issued to “any individual or business that wants to use it.”
“Such a ‘universal’ CBDC would be closer in its function to cash and would better fulfill the role of central bank money than a ‘wholesale’ CBDC,” the RBNZ wrote.
The central bank emphasized that a possible New Zealand CBDC would be digital money issued by the bank in addition to cash. Although the amount of cash in circulation in New Zealand is growing, most people still use it “proportionately less for transactions,” the bank noted.
Following the ban on cryptocurrencies, the imToken digital wallet restricts some access for Chinese users
The decentralized imToken wallet restricts access to some of the services it offers to users in China following the latest ban issued by China’s top authorities last Friday.
The company restricted users in China from accessing and using third-party financial applications, including decentralized crypto exchange, equity and liquidity applications, as well as other decentralized financial applications (DeFi), such as loans and derivatives, imToken said on Wednesday.
In China, where digital tokens are defined as virtual commodities, users can hold tokens through their wallets, but “they have to be wary of some blockchain technologies and smart contracts, basically speculation, fraud, pyramid schemes, money laundering and other illegal “imToken warned.