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Russian Central Bank Suggests Using Crypto to Counter Western Sanctions
4.7.2024
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened...
EU–US Financial Forum Highlights Cooperation on Crypto Regulation
4.7.2024
The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum...
Bitcoin miner Riot Platforms hash rate booms 50% in June
4.7.2024
Riot’s hash rate of 22 EH/s surpassed CleanSpark and Core Scientific and now only trails Marathon Digital’s 31.5 EH/s
IMF Advises US to Keep Interest Rates Steady Through Late 2024
4.7.2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks...
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
4.7.2024
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law,...
Bitcoin trades in ‘enthusiastic’ phase as data hints at upcoming range expansion
3.7.2024
Bitcoin’s volatility is compressing, which is a sign that a sharp range expansion is brewing
South African Regulator Investigates 30 Cases of Unlicensed Crypto Operations
3.7.2024
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public...
Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
3.7.2024
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S....
Investors brace for US election outcomes as crypto hits the ballot
3.7.2024
FIT21’s bipartisan support suggests a potential shift in U.S. crypto policy, while investors are focused on long-term trends despite political uncertainty
Layerzero Integrates Flare, Enabling Connectivity to 75 Blockchains
3.7.2024
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility...
Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights
3.7.2024
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin...
Bitcoin Blips Under $60K – Speculations for ’24 Second Half
3.7.2024
Today’s crypto market has witnessed Bitcoin (BTC) trade at worrisome lows. BTC momentarily tanked below $60,000 to trade at $59,712.55 at 13:36 GMT+3. Currently, BTC is worth $60,398.17 on CoinGecko, while the coin trades at $60,160.51 on Binance. The price is a little higher...
Price analysis 7/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
3.7.2024
Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end?
Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC
3.7.2024
Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024...
BlockDAG’s $55.4M presale is red hot; Bitcoin & Bittensor struggle to stay in the game!
3.7.2024
The cryptocurrency market is leaving traders anxious with a continuous drop in prices. Bitcoin is under immense selling pressure due to ETF outflows, upcoming Mt. Gox bankruptcy redemptions, and increased miner sales. Bittensor and other AI-focused cryptocurrencies are also facing a temporary...
Consensys Acquires Wallet Guard to Enhance Metamask Security
3.7.2024
Consensys has announced its acquisition of Wallet Guard, a browser extension focused on protecting digital assets from theft and fraud. This move aims to integrate Wallet Guard’s security features into Metamask. Metamask to Boost Security Following Consensys’ Wallet Guard Acquisition...
Big Tech produced more carbon since 2019 than all Bitcoin mining ever
3.7.2024
U.S. tech firms made huge commitments to “net zero” carbon emissions, but that was before ChatGPT hit the scene
Marathon Digital Reports June Bitcoin Mining & July Updates
3.7.2024
Today, Nasdaq-traded MARA (Marathon Digital Holdings, Inc.) has published its Bitcoin production and miner installation updates for June 2024. Fred Thiel, MARA’s chairman and CEO, states that “Due to operational improvements in Ellendale and the facility being fully operational as of...
UN Development Programme Partners With Dfinity Foundation to Boost MSME Inclusion
3.7.2024
The United Nations Development Programme (UNDP) has announced a partnership with the Dfinity Foundation to enhance its Universal Trusted Credentials (UTC) initiative. The collaboration aims to improve financial inclusion for micro, small and medium enterprises (MSME) globally using blockchain...
Bitcoin Price Drops Below $60,000: BTC Weekend Projections
3.7.2024
In a surprising turn of events, Bitcoin has experienced a notable price drop, falling below the $60,000 mark. As of the latest market data, BTC is trading at $59,701.49, down 4.95% in the last 24 hours. This major volatility has definitely raised the question of how well BTC can perform this...