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China’s Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots
1.10.2024
Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is...
Latam Insights Encore: Latin America’s Proactive Leadership Could Change the UN’s Agenda
1.10.2024
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 actions of proactive leaders in Latam, such as Argentina’s Javier Milei and El Salvador’s Nayib Bukele, and their potential...
Bitcoin miner claims judge, prosecutor, targeted firm with noise laws
1.10.2024
Bitcoin mining firm NewRays alleges that Judge Allen Dodson, prosecuting attorney Phil Murphy, selectively enforced noise legislation to target its business.
Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’
1.10.2024
Response to Swan’s lawsuit says that the mining company at the center of the controversy was only minority-owned by the company, and not a full-fledged subsidiary
Judge axes class action claiming Iris Energy misled investors during IPO
1.10.2024
Iris Energy went public in late 2021, raising $232 million from an IPO, but its stock price fell quickly not long after, along with the rest of the crypto market
Binance Confirms Access Restrictions on Sanctioned Russian Users
1.10.2024
Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest...
CleanSpark still to restore 165MW in aftermath of Hurricane Helene
1.10.2024
The massive category 4 hurricane has killed at least 137 people, and many more are still missing — while millions of homes and businesses remain without power.
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
1.10.2024
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under...
Binance Founder CZ Reflects on Release — Plans to Focus on Blockchain, AI, Biotech
1.10.2024
Former Binance CEO Changpeng Zhao (CZ) has shared a personal update, reflecting on his recent experiences and future aspirations. He emphasized his intention to focus on various projects related to education, blockchain, artificial intelligence (AI), and biotechnology. Zhao expressed confidence...
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
1.10.2024
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies...
Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil
1.10.2024
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets...
Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui
1.10.2024
The Sui Foundation has introduced the Sui Bridge on mainnet, enabling secure asset transfers between the Ethereum and Sui networks. This bridge focuses on simplifying the movement of assets across chains, starting with ether (ETH) and wrapped ether (WETH). Sui Rolls Out Bridge for Asset Transfers...
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
1.10.2024
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend
Ghana Launches Gold Coin Priced in Local Currency
30.9.2024
Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against...
Hive Digital expands focus from crypto mining to AI data centers
30.9.2024
Hive’s strategy targets meeting the rising demand for AI computing while boosting its balance sheet with green-mined Bitcoin
Coinshares: Inflows Into Digital Asset Products Reach $1.2 Billion
30.9.2024
Coinshares, through its lead research analyst James Butterfill, has reported a third consecutive week of inflows into digital asset investment products. Total inflows amounted to $1.2 billion, reflecting a reaction to continued expectations of dovish U.S. monetary policy. Bitcoin Drives $1 Billion...
Coinbase to add proof of reserves to Bitcoin wrapper cbBTC
30.9.2024
Adding proof of reserves will head off concerns about Coinbase’s perceived lack of transparency
ICP HUB Bulgaria Unveils Formation3: A Web3 Accelerator of the New Economies
30.9.2024
PRESS RELEASE. In a move to reshape the landscape of decentralized technology, ICP HUB Bulgaria is thrilled to announce the launch of Formation3, a cutting-edge Web3 accelerator designed to nurture and propel visionary startups through the power of the Internet Computer Protocol (ICP). As one...
Bitcoin Price in South Korea Sees Largest Discount Since October 2023
30.9.2024
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays...
Bitcoin Ends Historic September With a Dip, but Breakout May Not Come Before U.S. Election
30.9.2024