Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the…
Dash Block Production Resumes After Disruption Amidst Miner Complaints
After experiencing a disruption while attempting to upgrade the Dash blockchain, the network has now resumed block production. As of the time of writing, 552 blocks have been confirmed since the incident. Despite the onchain resolution provided by…
Bankrupt Crypto Exchange FTX Continues to Explore Potential Relaunch, Court Records Reveal
Recently submitted court records in the FTX insolvency case reveal that the exchange’s new CEO, John Ray III, has been exploring a revival plan for the now-disabled trading platform and the “preliminary formation of restructuring…
Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement…
Harvest 3 Reveals Next Gen Yield Farming Platform, Featuring Support for Verse DEX by Bitcoin․com
PRESS RELEASE. Harvest Finance, a leading DeFi platform since mid-2020, is thrilled to announce the launch of its latest product offering, Harvest 3. This platform update introduces a suite of new features and an improved user experience, including…
Bitcoin Stamps Approach 50,000 Recorded on Blockchain Alongside Introduction of SRC20 Tokens
With nearly nine million Ordinal inscriptions, the trend that followed, called Bitcoin Stamps, is nearing a milestone of nearly 50,000 stamps recorded on the Bitcoin blockchain. Additionally, similar to the BRC20 token economy, the Bitcoin Stamps…
Biggest Movers: SHIB, BNB Rebound From Key Price Floors on Tuesday
Shiba Inu climbed to a two-week high on Tuesday, as bullish sentiment returned to cryptocurrency markets. The meme coin rose by as much as 2% in today’s session, as the global crypto market cap surged by the same amount. BNB was another…
JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people…
Bitcoin, Ethereum Technical Analysis: Dollar Weakness Pushes BTC Higher, as Biden Fails to Secure Debt Deal
Bitcoin rebounded on Tuesday, as a result of weakness in the U.S. dollar, following failed talks to tackle the debt ceiling crisis. President Biden stated, “We reiterated once again that default is off the table and the only way to move…
EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon
The European Union (EU) has no intention of allowing Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system anytime soon. Peter Stano, spokesperson for external affairs of the EU…
Undeads Metaverse Completes Mint and Generates $1 Million in Sales
PRESS RELEASE. Undeads Metaverse, AAA survival Web3 game, proudly announces the completion of its first mint amidst the prevailing crypto winter market. This achievement underscores the resilience of high-quality projects backed by experienced…
DCG Fails to Make $630M Payment to Creditors Amid Genesis Negotiations, Says Gemini
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may…
Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest…
Malaysian Regulator Orders Crypto Exchange Huobi Global to Halt Operations in the Country
The Malaysian securities regulator announced on May 22 that the crypto exchange Huobi Global Limited and its CEO Leon Li have been reprimanded for operating in the Asian country illegally. The regulator also revealed that the crypto exchange has…
GoCrypto’s Cutting-Edge NFT Store: Smart Contracts and Decentralized Payments
PRESS RELEASE. [Ljubljana, May 23rd, 2023] – GoCrypto, the trailblazer in blockchain technology, is proud to unveil its groundbreaking GoCrypto NFT Store, a revolutionary platform that harnesses the power of smart contracts to redefine…
Ripple CEO: ‘Confusing’ US Crypto Rules Benefiting Europe
The United States’ confusing crypto regulations have forced firms like Ripple to consider investing outside the country, and Europe has been a “significant beneficiary” of this confusion, Brad Garlinghouse has said. The Ripple CEO…
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted…
Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later
U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real…
Dash Blockchain Halts After Upgrade Attempt, Possible Fork Detected
Multiple sources have reported that the Dash blockchain came to a standstill at block height 1,874,879 following an attempted upgrade to version 19 by the developers. As of now, data indicates that the most recent block verified on the network was…
New Book Reveals Central Banks’ Role in Libor and Euribor Rate-Rigging Scandals
According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale. Written by Andy Verity, the book exposes how various central banks and…
Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day
As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC…
Gold Prices Poised to Skyrocket as Expert Predicts Fourfold Increase in Demand
Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket. In an interview…
Effortless Crypto Earning: How GoMining is Changing the Game
GoMining, a prominent bitcoin mining venture with six years of industry expertise, is commemorating its second anniversary with a significant rebranding. The venture, which oversees substantial bitcoin mining rigs across nine data centers in…
Biggest Movers: TRON Nears 1-Year High, Whilst ADA Snaps 4-Day Bear Run
Tron rose for a fourth consecutive session on Monday, pushing the token to an eleven-month high. The move comes despite current sentiment of uncertainty in the cryptocurrency market. Cardano was also higher, snapping a losing streak in the process…
Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days
Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of…
Bitcoin, Ethereum Technical Analysis: BTC Remains Below $27,000 Ahead of Pivotal Week in US Debt Ceiling Talks
Bitcoin continued to consolidate on Monday, ahead of U.S. debt ceiling talks with President Biden and Republican House Speaker Kevin McCarthy. It is expected that if a deal isn’t reached this week, the government will run out of cash on June…
SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements
The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking…
Massive Gaming Celebrates Global Launch of House of Slots With Unprecedented 1 Bitcoin Giveaway Free Bonus Event
Massive Gaming, a leading name in the gaming industry, is set to create waves yet again with its highly anticipated House of Slots game. To celebrate the global launch of this Vegas-styled social casino genre, Massive Gaming is hosting an…
Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says
The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of…
Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement
Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really…
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