27 / 238 Relevant items tagged with #Cryptocurrency
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Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data
[Sep 11, 2024 4:09 PM] The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the…
Spot Bitcoin ETFs See Second Day of Inflows, Adding Nearly $117M
[Sep 11, 2024 1:05 PM] The spot bitcoin exchange-traded funds (ETFs) posted gains on Tuesday, marking their second consecutive day of inflows. Spot ether ETFs also performed well, amassing $11.44 million during the trading session. Spot Bitcoin and Ether ETFs See Gains…
State Regulator Warns of Crypto Fraud After Investor Loses $750K
[Sep 11, 2024 11:20 AM] The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly…
Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
Bitcoin miner solves block alone, grabs $180,000 reward
[Sep 11, 2024 3:23 AM] A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain.
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE
[Sep 11, 2024 2:30 AM] Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and…
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
[Sep 11, 2024 12:30 AM] The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is…
Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation
[Sep 10, 2024 11:30 PM] House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep…
Financial Giant State Street Launches 3 Digital Asset ETFs With Galaxy
[Sep 10, 2024 10:30 PM] Financial giant State Street Global Advisors has launched three digital asset and disruptive technology exchange-traded funds (ETFs) in collaboration with Galaxy Asset Management, focusing on blockchain, AI, and volatility management. These…
Japan’s Metaplanet Increases Bitcoin Holdings By $2 Million, Here’s How Much BTC It Owns Now
[Sep 10, 2024 10:30 PM] Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on…
Hamster Kombat Announces Exchanges That Will List HMSTR After Airdrop
[Sep 10, 2024 9:36 PM] The team behind Hamster Kombat, one of the most successful Telegram-based games, has released information on the exchanges that are confirmed to list its token after the upcoming airdrop. The team has announced that HMSTER will be available on…
Ramp Network Expands Crypto Services to All 50 US States
[Sep 10, 2024 8:30 PM] Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more…
Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions
[Sep 10, 2024 7:45 PM] Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank…
Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement
Owner of unlicensed UK crypto ATM network faces criminal charges
[Sep 10, 2024 4:29 PM] The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet Launch
[Sep 10, 2024 2:30 PM] Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal…
Standard Chartered begins UAE crypto custody services with BTC, ETH
[Sep 10, 2024 1:45 PM] Standard Chartered was approved by the Dubai Financial Services Authority to offer crypto custody solutions in the UAE.
Ron Paul on Musk-Led D.O.G.E. Efficiency Commission: ‘Government Efficiency’ Is an Oxymoron
[Sep 10, 2024 12:39 PM] Ron Paul, a former U.S. representative and presidential candidate, has stated that even when it comes from proposals from high echelons of power, government efficiency is an oxymoron. Paul explains that governments are not individuals, and…
Latam Insights Encore: The Venezuelan Perfect Storm Highlights Bitcoin’s Key Use Case
[Sep 10, 2024 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss how bitcoin is being leveraged by both the opposition and the government in…
Crypto becomes US election issue for the first time — Survey
[Sep 10, 2024 10:59 AM] Up to 73% of US respondents who currently own cryptocurrency said that a candidate’s position on crypto would influence their vote in the presidential election.
Michael Saylor Predicts Bitcoin Will Reach $13 Million in 21 Years
[Sep 10, 2024 9:30 AM] Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years…
Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research
[Sep 10, 2024 9:00 AM] A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back…
BBVA Enhances Institutional Crypto Solutions With USDC Integration
[Sep 10, 2024 8:30 AM] BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition…
Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud
[Sep 10, 2024 7:00 AM] The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful…
Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023
[Sep 10, 2024 4:30 AM] During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas…
Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
[Sep 10, 2024 3:30 AM] The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar…
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
[Sep 10, 2024 2:30 AM] The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia…
SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments
[Sep 10, 2024 1:30 AM] The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues…