38 / 253 Relevant items tagged with #cryptocurrency

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Bank of Korea to Launch CBDC Payment Trial in Supermarkets

[Sep 22, 2024 8:30 AM] South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants…

QCP Capital: Crypto Rally Extends, Supported by ETF Inflows

[Sep 21, 2024 6:30 PM] Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while…

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand

[Sep 21, 2024 4:30 PM] In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days…

FATF Urges India to Strengthen Virtual Asset Regulation

[Sep 21, 2024 1:30 AM] India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised…

US Company Settles Salvadoran Coffee Purchase With Bitcoin

[Sep 20, 2024 11:10 PM] According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this…

Blackrock’s Ishares Bitcoin Options Get the SEC Green Light

[Sep 20, 2024 9:59 PM] The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing…

Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts

[Sep 20, 2024 9:30 PM] The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the…

Institutional Whales Bet Big On Bitcoin As BTC Nears $64,000

[Sep 20, 2024 5:30 PM] Large investors seem to be upping their ante; at least, that’s the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice. On the inside, however, is key on-chain data that suggests Bitcoin…

Cathedra Bitcoin Announces Non-Brokered LIFE Offering to Purchase BTC

[Sep 20, 2024 5:10 PM] Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold…

Ethereum Foundation Cashes Out: 300 ETH Sold in Latest Move

[Sep 20, 2024 4:05 PM] The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M)…

Microstrategy Acquires 7,420 Bitcoin, Firm Now Holds 252,220 BTC

[Sep 20, 2024 2:03 PM] Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for…

Bitget Reports 1,600% Surge in African Users

[Sep 20, 2024 12:30 PM] Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet…