46 / 238 Relevant items tagged with #Cryptocurrency
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BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring
[Jul 31, 2024 9:19 PM] The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.
Market Volatility Surges Amid Global Uncertainty, Says QCP Capital
[Jul 31, 2024 7:30 PM] Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers…
Tether Posts $5.2 Billion Profit in First Half of 2024
[Jul 31, 2024 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…
US Bitcoin ETFs Record $18.3 Million in Net Outflows
[Jul 31, 2024 3:13 PM] On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT…
Ethereum ETFs Snap Losing Streak, Grayscale’s Outflows Weigh In
[Jul 31, 2024 2:20 PM] On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum…
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
[Jul 31, 2024 12:44 PM] The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is…
Russian Diplomat: El Salvador Proposes Settling Trade With Crypto
[Jul 31, 2024 11:20 AM] El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two…
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’
[Jul 31, 2024 7:30 AM] For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill…
Tron Founder Justin Sun Calls on China to Warm up to Bitcoin
UAE residents can now trade crypto directly with their bank accounts
[Jul 31, 2024 5:00 AM] The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market.
University of Wyoming Launches Bitcoin Research Institute to Produce High-Quality Publications
[Jul 31, 2024 2:30 AM] The University of Wyoming has launched a Bitcoin research institute to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. The institute’s director highlighted the need for informed research…
Russia to Initiate Crypto Payments Internationally by Year-End, Central Bank Governor Says
[Jul 31, 2024 1:30 AM] Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is already discussing the conditions…
Ripple CEO Slams SEC Hypocrisy and Haphazard Crypto Regulation
[Jul 31, 2024 12:30 AM] Brad Garlinghouse, CEO of Ripple, criticized the U.S. Securities and Exchange Commission’s inconsistent regulatory practices after the regulator revealed its intention to amend its complaint against Binance concerning the security status of…
Michael Saylor Projects Bitcoin Price at $49 Million in 2045 Bull Scenario
Goldman Sachs CEO Clarifies His Stance on Bitcoin
[Jul 30, 2024 10:25 PM] Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative…
Wemix.fi suspends lending amid stablecoin liquidation issues
[Jul 30, 2024 9:24 PM] The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from.
Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve
SEC Charges Bitclout Founder With Multi-Million-Dollar Crypto Fraud
[Jul 30, 2024 8:17 PM] The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through…
Cameron Winklevoss on Kamala Harris Crypto ‘Reset’ Intentions: Beware of the Big Bluff
[Jul 30, 2024 7:30 PM] Cameron Winklevoss, co-founder of Gemini and Winklevoss Capital, has called out U.S. Vice President Kamala Harris for her alleged intentions to reset the relations of the current government with the crypto industry. Winklevoss stated that, as…
Central Bank of Brazil Aims to Finalize Crypto Exchange Regulation by Early 2025
[Jul 30, 2024 6:10 PM] According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the…
Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity
[Jul 30, 2024 5:14 PM] The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano…
Mempool.space Introduces New Bitcoin Transaction Accelerator With Major Mining Pools
[Jul 30, 2024 4:10 PM] This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the…
Avalanche (AVAX) Continues Freefall, Sheds 12% In Last 7 Days – Can It Recover?
[Jul 30, 2024 12:30 PM] Avalanche (AVAX) is currently on a downward trend, one that it has not broken since last month. The latest market data shows that the token has depreciated 12% since last week, a huge loss for investors and traders interested in the token. Despite…
Polymarket Sets Position on Venezuelan Election Bet Outcome
[Jul 30, 2024 10:30 AM] Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who…
Slovenia Launches First Digital Bond in EU Sovereign History
[Jul 30, 2024 9:30 AM] On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale…
Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud
[Jul 30, 2024 7:30 AM] The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being…
$25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident
[Jul 30, 2024 6:00 AM] The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to…
Hong Kong Police Arrest Quartet Accused of Using Counterfeit Banknotes to Swindle Crypto Traders
[Jul 30, 2024 5:30 AM] A group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000…