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Latam Insights Encore: The Venezuelan Perfect Storm Highlights Bitcoin’s Key Use Case
10.9.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss how bitcoin is being leveraged by both the opposition and the government in Venezuela, highlighting one of its most significant traits:...
Crypto becomes US election issue for the first time — Survey
10.9.2024
Up to 73% of US respondents who currently own cryptocurrency believe that a candidate’s position on crypto will influence their vote in the presidential election
Crypto Traders Remain Cautious About Downside Risks in Bitcoin, Ether; SOL Stands Out
10.9.2024
Options tied to bitcoin and ether show a bias for put options, according to QCP Capital
Bitcoin speculators repeat 2021 de-risking as exposure drops 21.6K BTC
10.9.2024
BTC price action over the past month has had major consequences for Bitcoin investor dynamics
Bitfarms postpones ‘special meeting’ over Riot’s board change demand
10.9.2024
Bitfarms delayed its special shareholders’ meeting to address Riot’s demand for board changes, aiming for an informed decision
Michael Saylor Predicts Bitcoin Will Reach $13 Million in 21 Years
10.9.2024
Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years and explained that, at some point in the future...
Bitcoin ETFs see $28.6M inflows after 8-day outflow streak
10.9.2024
Three spot Bitcoin ETF issuers saw an inflow on Sept. 9 — but it didn’t include BlackRock, which recorded a rare outflow on the day
BTC Breaks $56K as Fib Targets $378K, Saylor Projects $13M by 2045!
10.9.2024
With a recent 3.57% 24-hour jump, the Bitcoin price reclaims the $56,000 mark. Currently, it is trading at…
BBVA Enhances Institutional Crypto Solutions With USDC Integration
10.9.2024
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether...
Brazilian Tax Watchdog Uses AI Tool to Identify Operations Linked to Over $180 Million in Crypto-Related Tax Fraud
10.9.2024
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved...
Bitcoin Trading Volume Surged to $2.8T in January to August Period
10.9.2024
The rise in crypto volatility has been accompanied by increased market participation in the bitcoin market, Kaiko said
Putin: Russia Is a Bitcoin Mining Leader, 54K BTC Mined in 2023
10.9.2024
At a recent event, President Vladimir Putin stated that Russia had become one of the world leaders in…
Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
10.9.2024
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central...
Bitcoin ETFs Post $28.7M Inflows After Record Losing Streak
10.9.2024
BTC ETF inflows are back in the green, despite BTC's price slipping
Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023
10.9.2024
During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities...
Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities
10.9.2024
The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider similar applications. The SEC aims to protect investors without...
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
10.9.2024
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin...
Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG
10.9.2024
“Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro
Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG
10.9.2024
“Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro
SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments
10.9.2024
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory...