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BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies
11.10.2024
Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for G7 countries. Siluanov highlighted BRICS’ growing share of global GDP, now at 36.7%, and...
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
11.10.2024
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before...
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
11.10.2024
Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China
63,000 BTC Sent to Exchanges in Last 72 Hours Amid Bitcoin Dip
11.10.2024
As Bitcoin dip continues to pinch the crypto market, latest data shows that over 63,000 BTC worth $1.83…
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
11.10.2024
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry...
London Man Denies Running Illegal Cryptocurrency ATMs
11.10.2024
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal...
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
11.10.2024
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations...
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
11.10.2024
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin...
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
11.10.2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive...
Solana Could Surge 400% Under Trump Presidency, Standard Chartered Predicts
11.10.2024
Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank’s head of digital assets suggests that solana’s faster transaction speed and support for decentralized...
SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
11.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register...
Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option
11.10.2024
Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates...
Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering
10.10.2024
The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities...
Bitcoin price fell 24%+ the last time this metric turned negative — Will it happen again?
10.10.2024
Bitcoin derivatives metrics shifted as BTC price fell under $59,000 today. Are lower prices incoming?
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
10.10.2024
USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull...
US election outcome won’t stop Bitcoin from hitting $100K: Dan Tapiero
10.10.2024
Crypto adoption is gaining speed no matter who wins the US presidential race in November, the venture fund founder said
Crypto ETFs Take Center Stage: Nearly Half of Charles Schwab Investors Eye Digital Assets
10.10.2024
A recent survey conducted by American financial powerhouse Charles Schwab revealed that nearly half of the respondents (45%) are gearing up to invest in cryptocurrency exchange-traded funds (ETFs). Millennials Lead the Crypto ETF Charge, Expert Puzzled by Schwab’s Slow Move Charles Schwab,...
Over 63,000 BTC were sent to exchanges in last 72 hours — CryptoQuant
10.10.2024
The recent 50 basis-point interest rate cut by the US Federal Reserve has had a mixed impact on crypto markets
Bitcoin retraces to $59K amid altcoins stagnant with ‘regulatory hurdles’
10.10.2024
Bitcoin has fallen below the crucial $60,000 price level. Meanwhile, a crypto analyst highlights that altcoins with strong fundamentals aren't seeing price spikes due to "regulatory hurdles."
Trump Takes Significant Lead Over Harris in Polymarket Odds for 2024 Election Win
10.10.2024
On Thursday, betting activity on Polymarket indicated that former President Donald Trump has pulled ahead of Vice President Kamala Harris in the race for the 2024 election. As of press time, Trump’s odds stand at 55.8%, with Harris trailing at 43.7%. This shift in favor of Trump has been observed...