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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt […]
https://news.bitcoin.com/latam-insights-encore-bukeles-zero-debt-budget-is-a-good-start-to-heal-el-salvadors-economy/
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its […]
https://news.bitcoin.com/sygnum-secures-liechtenstein-license-to-expand-crypto-services-in-eu/
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]
https://news.bitcoin.com/ubs-favors-gold-as-most-preferred-says-hedging-properties-remain-attractive/
Join Regina as she plays Pixel. If you’re a fan of digital farming games like Farmville, Pixels might be your next obsession. Set in a vibrant pixelated world and powered by the Ronin blockchain, this free-to-play Web3 game offers players the chance to grow crops, complete quests, and more. Last week’s quick recap In the […]
https://news.bitcoin.com/exploring-web3-farming-with-pixels/
Crypto All-Stars (STARS) is a hot topic right now, having just passed the $1.5 million mark in its ICO. The project’s main attraction is MemeVault – a platform allowing investors to stake their favorite meme coins for huge rewards. MemeVault – The All-In-One Staking Platform for Meme Coins MemeVault is unlike anything else on the […]
https://news.bitcoin.com/crypto-all-stars-raises-1-5m-in-ico-for-new-meme-coin-staking-platform/
Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to […]
https://news.bitcoin.com/feds-50bps-reduction-triggers-321m-in-digital-asset-inflows-coinshares-reports/
After the arrest and subsequent release of Telegram CEO Pavel Durov in France, his Telegram channel shared that the messaging platform has updated its terms of service and privacy policy. According to these changes, the platform may disclose the IP addresses and phone numbers of users who violate laws or Telegram’s rules “to relevant authorities.” […]
https://news.bitcoin.com/telegrams-privacy-overhaul-ips-and-phone-numbers-of-lawbreakers-to-be-shared/
Tau Net, a novel layer 1 AI blockchain, is designing a mainnet to be entirely developed and controlled by all of its users. Leveraging advanced and fully accurate AI reasoning, Tau Net simplifies the software development process by enabling ALL users to focus solely on “what” the blockchain, platform, tokenomics and governance functionality should be […]
https://news.bitcoin.com/tau-net-layer-1-ai-blockchain-releases-testnet-architecture-and-ai-reasoning-language-update/
On Monday, Sept. 23, 2024, the crypto market reached a total value of $2.22 trillion, marking a 1.3% increase in just 24 hours. Over the past week, bitcoin (BTC) climbed 8.7% against the U.S. dollar, while ether (ETH) enjoyed an impressive 15.8% rise. However, other digital currencies outshined both top coins, posting even larger gains. […]
https://news.bitcoin.com/weekly-crypto-standouts-cels-339-surge-bnxs-15-decline/
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […]
https://news.bitcoin.com/bitcoin-miners-riot-and-bitfarms-reach-settlement-ahead-of-shareholder-meeting/
Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are watching closely for potential entry points as market indecision sets in across multiple timeframes. Bitcoin On the 1-hour chart, bitcoin (BTC) shows signs of cooling […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-consolidates-signaling-potential-breakout/
Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking public debt into […]
https://news.bitcoin.com/bitwise-cio-highlights-bitcoins-role-as-a-hedge-against-u-s-public-debt/
Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]
https://news.bitcoin.com/lavrov-says-he-agrees-with-donald-trump-on-us-sanctions-weakening-dollars-status/
El Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership. Their conversation emphasized how cutting-edge technologies could shape global progress, aligning with El Salvador’s forward-thinking stance. Bukele and Musk Discuss AI, […]
https://news.bitcoin.com/nayib-bukele-and-elon-musk-discuss-ai-robotics-and-future-of-humanity/
Regina’s Web3 gaming odyssey continues as she moves from Spellborne to Seekers of Tokane. Regina’s Quest for Epic Monster Hunts Continues in Seekers of Tokane Crushing the main quests in Spellborne has only cranked up my hunger for even more epic monster hunts! The adrenaline of taking down tough enemies has me itching to dive […]
https://news.bitcoin.com/uncovering-the-secrets-of-seekers-of-tokane-a-new-web3-jrpg-adventure/
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […]
https://news.bitcoin.com/central-reserve-bank-only-1-1-of-remittances-involve-cryptocurrency-in-el-salvador/
Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]
https://news.bitcoin.com/brics-to-discuss-alternative-payment-platforms-at-upcoming-summit/
Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […]
https://news.bitcoin.com/worst-airdrop-in-history-hamster-kombat-to-reach-131m-users-amid-token-allocation-criticism/
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of […]
https://news.bitcoin.com/bank-of-canada-redirects-efforts-away-from-retail-cbdc/
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities […]
https://news.bitcoin.com/top-10-bitcoin-holders-exchanges-corporations-and-governments-dominate-the-charts/
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to […]
https://news.bitcoin.com/blockfi-receives-250m-usdc-deposit-sparking-hopes-for-creditor-repayments/
Kamala Harris has committed to supporting digital assets and innovative technologies while prioritizing consumer and investor protection. She emphasizes the need to reduce unnecessary bureaucracy to foster growth in the digital economy.
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Vice President Kamala Harris has pledged to support innovative technologies like artificial intelligence and digital assets while ensuring consumer and investor protection. Her remarks, highlighting AI and cryptocurrency as key aspects of her economic vision, marked her first direct statement on cryptocurrency as the Democratic nominee. Kamala Harris Backs AI and Cryptocurrency at Major Fundraiser […]
https://news.bitcoin.com/kamala-harris-pledges-to-support-digital-assets-we-will-cut-needless-bureaucracy/
Bybit Türkiye, the partner platform of global cryptocurrency exchange Bybit, has been officially listed as a crypto asset service provider by the Capital Markets Board (CMB) of Turkey. Turkish Regulator Grants Bybit Türkiye Crypto Asset Service Provider Status According to Bybit Türkiye’s announcement, the recognition marks a significant milestone for the exchange, allowing it to […]
https://news.bitcoin.com/bybit-turkiye-gains-recognition-as-a-crypto-asset-service-provider-by-turkish-regulator/
As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion. The cryptocurrency’s price is holding steady, reflecting a balanced market with mixed signals from technical […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-trades-above-2600-amid-strong-market-activity/
The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto assets, such as bitcoin, are appropriately regulated. The new regulations are set to be implemented by […]
https://news.bitcoin.com/australia-mandates-financial-services-licenses-for-crypto-firms-under-new-asic-regulations/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region’s markets. Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue […]
https://news.bitcoin.com/latam-insights-bukele-announces-self-financed-budget-salvadoran-coffee-purchase-settled-with-bitcoin/
China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments in regions like Southeast Asia and Latin America. China’s Economic Shift and Its Global Implications […]
https://news.bitcoin.com/how-chinas-economic-slowdown-will-transform-global-trade-expert-insights/
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S. Attorney’s Office for […]
https://news.bitcoin.com/us-indicts-two-in-260m-bitcoin-heist-and-laundering-scheme/
The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]
https://news.bitcoin.com/brics-beats-dollar-dependence-national-currency-settlements-exceed-usd-payments/