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MAGA (TRUMP) Price Up 17%, Is $DUM The Next PolitFi Crypto to Explode
24.10.2024
Politics and crypto are colliding once again. The popular MAGA (TRUMP) token has jumped 17% in the past 24 hours, with traders piling in as election season heats up. However, some traders are opting for FreeDum Fighters (DUM) instead – another politically charged meme coin showing signs...
Denmark Unveils Crypto Tax Plan, Recommendations Draw Fire From Bitcoiners
24.10.2024
The Danish Tax Council has recommended what it terms non-backed crypto assets like Bitcoin be taxed similarly to asset-based crypto assets. The council argues the recommendations would allow crypto investors to deduct losses from gains thus making taxation more fair. However, some observers believe...
Vintage 2011 Bitcoin Wallet Moves $10M, Linked to All of October’s 2011 Spends
24.10.2024
On Oct. 24, at block height 867,127, a bitcoin wallet from 2011 suddenly moved 150 bitcoins, marking the first transaction in over 13 years. This is the fifth occurrence this month of bitcoins from 2011 being spent, and it’s extremely likely that most of these transactions are all connected...
PiP World’s ‘Gold Rush’ Telegram Mini-Game Passes Half A Million Users in its First Month
24.10.2024
PRESS RELEASE. DUBAI: Since its launch, PiP World’s ‘Gold Rush’ has skyrocketed to popularity, attracting over 500,000 players globally in just one month, along with 20,000 connected wallets and 100,000 followers on X (formerly Twitter). The game captivates players through...
‘Deep Chainsaw’ Sinks Deeper as Milei Axes Tax Enforcer in Argentina
24.10.2024
President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller agency, eliminating over a third of...
Bitcoin.com Enhances Cross-Chain Swaps on Verse DEX With deBridge Integration for Faster, More Efficient Trading
24.10.2024
Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has announced a significant upgrade to the cross-chain swap capabilities on its decentralized exchange, Verse DEX, thanks to a partnership with deBridge. The new integration brings major improvements in speed, cost efficiency,...
El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
24.10.2024
Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared...
Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
24.10.2024
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency. Despite Norway’s cashless society, with only 2% using cash, the bank is carefully studying both retail and wholesale CBDC options, emphasizing...
Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
24.10.2024
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank...
Free Market Capitalism vs. Crony Capitalism: Unveiling the Key Differences
24.10.2024
Capitalism, in its purest form, is often misunderstood, mainly due to the presence of government intervention in today’s economies. The free market, which thrives on voluntary exchanges and limited government interference, is frequently mistaken for “crony capitalism.” This latter...
Russia Pushes for New Precious Metals Platform to Reshape BRICS Trade
24.10.2024
Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The summit also backed a BRICS Grain Exchange...
Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes
24.10.2024
Bitcoin’s difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network’s computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting. In the coming days...
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
24.10.2024
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape...
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
24.10.2024
U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries...
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
24.10.2024
Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national...
New Privacy Bill Aims to End Government’s Grip on Americans’ Financial Data
24.10.2024
The Saving Privacy Act, aimed at curbing federal surveillance of Americans’ financial data, is gaining momentum. Backers argue the government has overreached, violating privacy rights without effectively targeting criminals. Provisions include repealing key financial reporting laws...
Tesla Holds Bitcoin Steady After BTC Wallet Transfers Spark Speculation
24.10.2024
Tesla has reported stable bitcoin holdings for Q3 2024, despite transferring its 11,509 BTC to new wallets. The move, which sparked speculation but did not signal a sale, suggests routine security measures. Tesla posted $25.2 billion in revenue and $2.7 billion in profits, driven by record vehicle...
Vietnam Unveils Ambitious Strategy to Become Regional Blockchain Hub
24.10.2024
The Vietnamese government has unveiled a strategy to make Vietnam a leader in blockchain technology in Southeast Asia. The strategy includes building blockchain brands, establishing testing centers, and developing human resources. The government aims to achieve these goals through a five-step...
Self-Custody vs. Custodial Bitcoin: A Lesson From FDR ‘Forbidding the Hoarding of Gold’
23.10.2024
Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints...
Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets
23.10.2024
Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional loans, with Q3 alone accounting for over $506...