Bitcoin has been on a rollercoaster ride over the last 24 hours, hitting a new high of $69K, then dropping $6K to settle at $65K. The significant drop in Bitcoin was caused by the China Evergrande Group failing to pay interest to its overseas bond investors, raising concerns about the company's impending default.
According to Bloomberg, Indonesia's council of religious leaders has determined that Muslims are prohibited from using cryptocurrency.
Following a hearing, Indonesia's Shariah compliance body, the National Ulema Council (MUI), announced that cryptocurrency is prohibited due to the components of uncertainty and betting.
The Securities and Exchange Commission (SEC) stated on Wednesday that it had prevented a Wyoming-based decentralized autonomous organization (DAO) from registering two digital tokens as securities.
According to the SEC's Enforcement Division, American CryptoFed "submitted a materially inadequate and misleading registration form known as a Form 10 on September 16, purporting to register two digital tokens produced by the company - the 'ducat' and 'locke' tokens - as equity securities."
During a presentation on Wednesday, MasterCard outlined a three-pronged plan centred on security and enhanced services to assist the expanding bitcoin industry.
Twitter, the favourite social media platform of all crypto aficionados, is committed to advancing the decentralised technology industry and has formed a dedicated crypto team to work on crypto, dapps, and DeFi solutions.
Tess Rinearson, an engineer, will lead the team. Tess worked on the development of Tendermint Core before joining Twitter, as well as with Chain.com, the Interchain Foundation, and Cosmos.
Top 5 cryptocurrency gainers
Ethereum Meta (ETHM): $0.0000207, up 17260.54%
Litherium (LITH): $0.5288, up 908.60%
Aurora (AOA); $0.003199, up 640.44%
GM Wagmi (GM): $0.0004237, up 428.98%
Keep3r BSC Network (KP3RB): $1.92, up 325.18%