44 / 238 Relevant items tagged with #Cryptocurrency
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Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
[Aug 5, 2024 3:30 AM] Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the…
Peter Schiff Warns of Mass Bitcoin ETF Liquidations and ‘Crypto Black Monday’
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
[Aug 4, 2024 9:05 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina…
Market Mayhem: Bitcoin Crashes Below $59K, $223M in Liquidations as South Korea’s Premium Spikes
[Aug 4, 2024 5:34 PM] The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin…
US Lawmaker Hosts Meeting to Help Kamala Harris Gain Crypto Industry Support
[Aug 4, 2024 4:25 PM] U.S. Congressman Ro Khanna will host a meeting to help Vice President Kamala Harris improve her relationship with the cryptocurrency industry. This is the second event of its kind in two months to aid Harris’ campaign efforts amid the Biden…
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
[Aug 4, 2024 1:20 PM] In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the…
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
[Aug 4, 2024 1:04 PM] The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
Ethereum Crash A Buying Opportunity? This Whale Thinks So
[Aug 4, 2024 12:00 PM] Recent price movements in the cryptocurrency market have seen Ethereum experience a significant downturn, with the altcoin finally sustaining a break below the critical $3,000 support level. Ethereum has suffered a notable 4.76% decline over the…
Amber Group calls for transparency after ZKX shutdown
[Aug 4, 2024 7:26 AM] The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects.
Blockchain and Nation-State Infrastructure: Why Bother?
[Aug 4, 2024 4:30 AM] We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel…
India’s Crypto Raid Uncovers Massive Fraud in Ladakh
[Aug 4, 2024 1:30 AM] India’s Enforcement Directorate (ED) has executed its inaugural raid in the Leh Ladakh region to investigate fraudulent cryptocurrency activities under the Public Money Laundering Act (PMLA). The operation targeted six locations across Leh in…
Trump Suggests Paying off $35 Trillion National Debt With Bitcoin — Wants US to Be Leader in Crypto
[Aug 4, 2024 12:30 AM] Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of…
Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’
Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report
[Aug 3, 2024 8:50 PM] Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s…
Ethereum Price Crashes Below $3,000 As Revenues Drop To New Lows
[Aug 3, 2024 8:00 PM] Ethereum (ETH) recently dropped below the critical and psychological support level at $3,000, raising concerns for ETH bulls. This development comes amid the continued decline in revenue generated on the Ethereum network. Ethereum Crashes Below…
JPMorgan Expects Silver Prices to Soar in 2025
[Aug 3, 2024 7:50 PM] JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors including an increase in demand from the expected monetary shifts and silver’s value as an inflation hedge. The price…
German quantum breakthrough highlights need for particle physicists in crypto
[Aug 3, 2024 6:58 PM] German quantum breakthrough highlights need for particle physicists in crypto
US Senators Flooded With 2,200 Letters Advocating Bitcoin as Strategic Reserve
[Aug 3, 2024 6:45 PM] U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to bolster the U.S. dollar…
Grayscale’s ETHE Hemorrhages $2 Billion in Just 9 Trading Days
QCP Capital: Bitcoin Price Drop Due to Supply Surge and Macroeconomic Woes
[Aug 3, 2024 4:20 PM] QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market…
Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO
[Aug 3, 2024 3:16 PM] The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused…
Trump Floats Bitcoin Payments As Solution To $35 Trillion US Debt Crisis
[Aug 3, 2024 9:30 AM] In a recent interview with Fox News, former President Donald Trump voiced support for using Bitcoin as a tool to help pay down the United States’ $35 trillion national debt as he positions himself for a potential 2024 presidential…
Coinzoom Operations Suspended in Ohio Following Regulatory Examination
[Aug 3, 2024 4:30 AM] The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new…
Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto
[Aug 3, 2024 3:30 AM] An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in…
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
[Aug 3, 2024 2:30 AM] The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the…
New York DA’s Office Hiring Full-Time Crypto Analyst for Cybercrime Bureau
[Aug 3, 2024 1:35 AM] The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity Theft Bureau. This role involves analyzing cryptocurrency theft complaints, conducting blockchain transaction…
Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com
[Aug 3, 2024 1:05 AM] Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between…
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
[Aug 2, 2024 11:30 PM] Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon…
State Duma Financial Market Committee Leader Envisions Bitcoin and Digital Ruble Exchanges
[Aug 2, 2024 10:30 PM] Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov…