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Northern Data Considers Selling Crypto Mining Unit to Fund AI Venture
22.10.2024
Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use...
Riding the Wave: How BTC and Bitcoin Dogs Are Poised for Growth
22.10.2024
Bitcoin has come a long way in 15 years, with multimillionaires made left, right, and center. Fast forward…
Bitcoin analysis sees 'lower risk aversion' as retail demand adds 13%
22.10.2024
Bitcoin transaction volume analysis hints that retail interest is slowly returning in line with BTC price upside
Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil
22.10.2024
The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant...
The World’s Largest Bitcoin Conference Makes Middle East Debut in Abu Dhabi With Eric Trump as Keynote Speaker
22.10.2024
PRESS RELEASE. The Bitcoin Conference will be held in Abu Dhabi on December 9-10 at the ADNEC Centre, featuring keynote speaker Eric Trump alongside top Bitcoin innovators and government officials. This landmark event will explore the future of finance in the region, as the Middle East experiences...
Russia Seeks to Weaken the West, Collapse US, Medvedev Declares
22.10.2024
Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, called for weakening Western influence, stating Russia’s goal is the collapse of U.S. power or re-establishing a Soviet-era global counterbalance. He emphasized that Russia must distance itself from the West to avoid hostility...
Crypto On/Off Ramp Discloses Breach, Says 1.14% of Users Affected
22.10.2024
Transak, a cryptocurrency on/off-ramp service, confirmed on Oct. 21 that experienced a data breach affecting 1.14% of its users. A ransomware group claimed to have obtained sensitive data but Transak confirmed only limited information was accessed. The company said it is taking steps to address...
Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures Listing
22.10.2024
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%
Sanctions Backfire: European Exporters Suffer More Than Russia
22.10.2024
European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment...
BlackRock's IBIT investors throw $329M into ETF as Bitcoin dips 3%
22.10.2024
BlackRock's Bitcoin fund carried over to the rest of the United States spot Bitcoin ETFs, which recorded a net inflow of $294 million on Oct. 21.
‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari
22.10.2024
Minneapolis Federal Reserve President Neel Kashkari said crypto is “almost never” used outside of drugs and criminal activity — but evidence points to the contrary
Industry Stakeholders Cautious as Argentina Drafts New Crypto Regulations
22.10.2024
Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil....
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
22.10.2024
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national...
Tesla CEO Elon Musk Highlights XRP and Crypto Potential Amid Regulatory Heat
22.10.2024
Tesla and Spacex CEO Elon Musk addressed XRP and cryptocurrency during a town hall in Pittsburgh, acknowledging crypto’s potential amid regulatory scrutiny. Musk emphasized that cryptocurrency plays a crucial role in promoting individual freedom and countering centralized control....
BRICS Unites 40 Nations at Leaders’ Summit — Russia Pushes for Global Partnerships
22.10.2024
Nearly 40 countries will participate in the BRICS Plus/Outreach session, expanding the reach of the 2024 BRICS Summit hosted by Russia. The summit will address cooperation in politics, security, and economics. A central focus will be the expansion of BRICS, potentially introducing a...
2 Outcomes: Ripple’s Legal Chief Reveals Best SEC Can Hope for in XRP Appeal
22.10.2024
Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid....
JPMorgan’s Bold Call: Why Carry Trades May Be Facing Their Final Days
22.10.2024
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carries potential bullish risks. JPMorgan suggests...
Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization
22.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire...
Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership
21.10.2024
Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers...
Mining PAC launches ad for Ted Cruz as early voting begins in Texas
21.10.2024
More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025