Putin Signs Digital Ruble Law Allowing CBDC Payments in Russia
President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other…
Ripple vs. SEC — Respite for a Beleaguered Industry
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange…
Examining Worldcoin’s Concentrated Supply at Token Launch
Following the Monday, July 24, launch of the worldcoin (WLD) token, the cryptocurrency quickly peaked at $3.30 per coin but has since depreciated by over 35%. Despite 18 months of beta testing and claims of more than 2 million sign-ups, the token…
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding…
Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday
Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was…
Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy
On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a total of nine such block rewards from the 2010 era have…
Worldcoin Officially Launches, Announces Orb Rollout Expansion in More Than 35 Cities
Worldcoin, the decentralized biometric ID protocol, has officially launched, allowing users to reserve their share of WLD, the incentives-driven token of the protocol, that will be granted when confirming one’s identity using a biometric…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Find Price Support Ahead of US Consumer Confidence Report
Bitcoin rebounded from a one-month low Tuesday, as markets prepare for the upcoming U.S. consumer confidence report. The confidence index is expected to increase to a reading of 111.5 in July, up from 109.7 the month prior. Ethereum also bounced…
Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two…
Blockchain-Powered Mobile Networks Offer Better Data Security Than Traditional Networks — World Mobile CEO
A blockchain-powered decentralized network can offer a “much greater level of security and ownership” of data compared to traditional telecom operators, Micky Watkins, the founder and CEO of World Mobile, has said. Watkins also claims…
Russian Ruble Falls by Over 18% in 2023, Economist Says the Currency Has ‘Stabilized’
After the Russian currency touched a year low versus the greenback of nearly 92 units for every dollar, economist Robin Brooks said the ruble has stabilized and may eventually be lifted by rising oil prices. The Institute of International Finance…
TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With Over 10,000 Attendees
PRESS RELEASE. SINGAPORE — TOKEN2049, Asia’s premier Web3 and crypto conference, has announced its first batch of high-profile title sponsors and headline speakers for its much-anticipated Singapore return. TOKEN2049 will take place…
Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’
Jim Rickards, economist and best-selling author, has explained the possible repercussions of issuing a BRICS bloc currency for the dollar. For Rickards, the “bric” (the name he gives to the BRICS currency) will be anchored (but not…
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets…
Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?
As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging…
Crypto’s Newest Sector: Telegram Bot Coin Economy Swells to $138 Million
A new player has emerged in the constantly evolving cryptocurrency market: Telegram bot coins. These crypto assets, used within Telegram’s ecosystem, are leveraged to facilitate automated trades for users on decentralized exchange (dex)…
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S…
Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis
In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry…
BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment
PRESS RELEASE. Dubai, July 24, 2023 – The BCH Ecosystem Fund has announced a significant $20 million investment in the Cashtokens ecosystem, following unanimous approval during the Bitcoin Cash (BCH) Network Upgrade on May 15, 2023. The…
Biggest Movers: DOGE Surges as Elon Musk Launches X
Dogecoin was one of Monday’s notable gainers, climbing by as much as 5%, following the news that Elon Musk was rebranding Twitter to X. Speculators believe the new platform will allow users to make crypto payments. XRP, on the other hand…
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals
Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been…
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29K, With Key US Economic Events Looming
Bitcoin neared a breakout below the $29,000 level on Monday, as traders prepared for this week’s Federal Reserve rate decision. In addition to the Fed meeting, consumer confidence data will also be released from the United States. Ethereum…
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain…
GLI Token to Be Listed on CoinW and Bitforex – Celebrating Hagia Sophia’s Legacy Through Cryptocurrency
PRESS RELEASE. Turkey, Istanbul – Hagia Sophia, the renowned architectural marvel that has captivated civilizations throughout history, finds a new tribute in the world of digital assets – the GLI Token. This unique cryptocurrency…
Former UN Security Council President Kishore Mahbubani: ‘The American Century Is Over’
Kishore Mahbubani, the former president of the United Nations Security Council, stated China will dominate this century. Mahbubani declared that the so-called “containment policy” against China would fail, leaving the U.S. isolated from…
Next Year’s BRICS Summit to Gather More Than 5 Leaders, Russian Diplomat Predicts
Moscow expects the number of leaders participating in the 2024 BRICS summit to be greater than five, according to a high-ranking Russian diplomat. The statement comes as the five-member organization prepares to discuss its enlargement at its…
LBank Labs and Seoul Metropolitan Government to Drive Blockchain Innovation at Seoul Web3 Festival
PRESS RELEASE. LBank Labs is delighted to announce its collaboration with the Seoul Metropolitan Government in hosting the highly anticipated Seoul Web3 Festival 2023 (SWF 2023) in late July. With the participation of prominent figures from the…
Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its…
Mark Cuban Criticizes SEC Approach in Ripple-XRP Case
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small…
Lawyer Discusses SEC Appeal of Ripple-XRP Ruling — Says It Could Take 2 Years
A lawyer has provided insights into the potential outcomes if the U.S. Securities and Exchange Commission (SEC) decides to appeal the Ripple ruling regarding XRP. Despite the securities regulator’s indication to appeal the ruling, the lawyer…
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