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Spot Ether ETFs record weekly net outflow of $26.26 million
23.9.2024
Spot Ether ETFs banked a net outflow of $26.26 million for the previous week. It commenced on September…
Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public Debt
23.9.2024
Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking...
Daily Crypto Update: Bitcoin Eyeing $64k as Market Recovers
23.9.2024
The crypto industry is looking to end September on a positive note. The market has reenergized and is…
Latam Insights: Bukele Announces Self-Financed Budget; Salvadoran Coffee Purchase Settled With Bitcoin
23.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region’s markets....
Bitgert, Binance, and Solana: Which L1 Will Be the Price Leader in 2024?
23.9.2024
As the 2024 Q4 draws near, three Layer-1 blockchains that are the center of attention are Bitgert, Binance,…
Nayib Bukele and Elon Musk Discuss AI, Robotics, and Future of Humanity
23.9.2024
El Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership. Their conversation emphasized how cutting-edge...
US Indicts Two in $260M Bitcoin Heist and Laundering Scheme
23.9.2024
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end...
BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments
22.9.2024
The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies...
1.71 Million BTC From 2009-2012 Block Rewards Still Dormant, Worth Over $100B
22.9.2024
This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from...
BTC Miners Increase Earnings With Fractal Bitcoin Mining
22.9.2024
According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since...
Diamond hands Ethereum holder makes $131.72M in 2 years
22.9.2024
An investor turns a $151.42 million Ether investment into $214.34 million during a two-year bear market by following the hodl strategy
Nigerian Entrepreneur: Recent Regulatory Moves Signal Support for Crypto
22.9.2024
While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which recently obtained an operating license, believes...
Bank of Korea to Launch CBDC Payment Trial in Supermarkets
22.9.2024
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships...
Crypto PR exec relishes 'skepticism' around crypto marketing
22.9.2024
Serotonin CEO Amanda Cassatt pointed out that marketing is “a mechanism for perpetrating the fakery and the scams.”
Fintech Veteran: Crypto Market Growth Not Tied to US Election Outcome
22.9.2024
While the crypto market’s brief dip after U.S. Presidential candidate Kamala Harris’ debate “win” against Donald Trump suggested the market favours the former president, Ziad El Baba, Ramp Network’s chief product officer, says the drop’s short-lived nature...
Travala Integrates Solana for Booking Flights and Hotels, Offers SOL Travel Rewards
22.9.2024
Crypto travel booking platform Travala has integrated with Solana, allowing users to book flights and hotels using Solana-based tokens and earn SOL travel rewards. Highlighting Solana’s scalability and affordability, the platform aims to enhance the crypto travel experience and incentivize...
CFTC slaps $36M fine on man for 5-year crypto investor fraud
22.9.2024
The US regulator ordered approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme
Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows
22.9.2024
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically...
Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030
22.9.2024
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially...
Former Monero Developer Launches New Crypto Mining App
22.9.2024
Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged...