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Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long…

Top AI Crypto Assets Rebound Despite Recent Month-Long Decline

According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording…

2014 Bitcoin Whale Awakens, Spends 1,005 BTC Valued at $64 Million After a Decade

Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64…

This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines

Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as…

SEC Issues Wells Notice to Robinhood Over Crypto Operations

A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its…

Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty

As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across…

Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss…

Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto…

Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations

The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to…

India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges

India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations…

Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency…

Blackrock’s BUIDL Fund Overtakes Franklin Templeton to Become Largest RWA Tokenized Offering

Based on the most recent figures, Blackrock’s USD Institutional Digital Liquidity Fund, also known as BUIDL, has expanded to $381.76 million, overtaking Franklin Templeton’s onchain investment vehicle, BENJI, as the largest real-world asset…

Epic Satoshi ​​Spurs Launch of New Runes Tokens With $88M Market Cap

According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes…

The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash…

Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker

A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally…

BTC Ponzi Scheme Mastermind Suffers Heart Attack, Analyst Eyes $300K BTC Price, and More — Week in Review

Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000…

South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning

The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say…

Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,”…

Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’

Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that…

Block Is Buying Bitcoin Every Month for Its Balance Sheet

Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the…