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Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve
7.9.2024
Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant...
Bitcoin Hashrate Hits Record High as Prices Drop Below $55K
7.9.2024
As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday,...
Elon Musk’s ‘DOGE’ gov meme sends political speculation soaring
7.9.2024
Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
7.9.2024
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy...
Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses
7.9.2024
A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode:...
September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit
7.9.2024
Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging...
Crypto Taxation: What You Need to Know in 2024
7.9.2024
As cryptocurrency continues to gain prominence as an asset class, tax regulations surrounding it are becoming increasingly complex. For 2024, […]
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As Bitcoin Holds Above $50K, Will a Double Bottom Lead the Next Big Move?
7.9.2024
Amid the recent release of US jobs market data, Bitcoin reacted with a quick fall of more than…
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Binance Kazakhstan Receives Formal Consent for Regulatory License
7.9.2024
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including...
First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
7.9.2024
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities:...
Vaneck Reveals Plans to Close Ethereum Futures ETF
7.9.2024
On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell...
Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining
6.9.2024
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside...
VanEck to shutter Ethereum futures ETF
6.9.2024
Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs
Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data
6.9.2024
Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum...
Uniswap settles CFTC charges, Polygon’s new ‘hyperproductive’ POL token: Finance Redefined
6.9.2024
The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade
Trapped in a Bear Channel, Will Cardano Hold $0.30 For Recovery?
6.9.2024
Amid the broader market correction, with the Bitcoin price crashing under the $54,000 mark, the altcoins, including Cardano,…
Vitalik says ‘at present’ his donations yield better gains than investments
6.9.2024
The commentary came as the Ethereum co-founder denies allegations that he’s cashing out crypto for profit
Crypto Market Chaos: $93M Liquidated in 4 Hours as Bitcoin Crashes Below $54K
6.9.2024
Bitcoin’s price took a dip below the $54,000 mark on Friday, as the cryptocurrency continued its downward trend over the past week. The value slipped by 3.5% compared to the previous day, reaching a low of $53,810, a level not seen since early August. Bitcoin Reaches a 30-Day Low Over...
Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows
6.9.2024
Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took...