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Korean Won Overtakes Dollar as Top Fiat Trading Pair Amid Recent Bitcoin Rally: Report
6.12.2023
Source: Pexels South Korean crypto traders are emerging as key influencers in driving Bitcoin price up by over 50%, reaching its highest price level in two years. As per data compiled by CCData for November, Korean won surpassed the dollar, becoming the largest fiat trading pair in crypto for...
PCE inflation report sparks Dollar decline: US currency nears 3-month low
5.12.2023
PCE, an acronym for Personal Consumption Expenditure, is ideal for the Federal Reserve to measure inflation. It helps them track how US citizens spend money on goods and services. A stronger PCE report reflects positively on the USD, and a weaker report means that the US Dollar is not necessarily...
IRS Reports Increase in Digital Asset Tax Investigations
5.12.2023
The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) noted an increase in digital asset tax investigations due to cryptocurrencies becoming more mainstream, according to the IRS:CI’s annual report released Monday. What the findings show The report states these digital asset...
Coinbase Report: Here’s How Stablecoins Are Revolutionizing the Financial System
5.12.2023
Source: AdobeStock / gguy Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. In a recent blog post, the San Francisco-headquartered exchange noted that many Americans are frustrated...
Bitcoin Transaction Fees Outpace Ethereum, DeFi TVL Surges 11% in November: Binance
5.12.2023
Source: Iryna Budanova/Adobe The digital asset market recorded an 11% uptick last month with Solana (SOL) and Chainlink becoming the top-performing assets as decentralized finance (DeFi) volumes surge, a new report shows. A recent Binance Monthly Market Insight report shows a growth in the general...
UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs
4.12.2023
The UK Treasury Committee advised proceeding slowly on a digital pound in a Dec. 2 report due to financial stability risks like sparking bank runs. Image by Alexey Novikov, Adobe Stock. The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously...
Digital Asset Funds Record $1.76 Billion Inflows in 10 Weeks, Highest Since 2021: Report
4.12.2023
Source: Adobe / Luisa Digital asset investment products recorded $176 million in inflows last week extending the positive run to 10 consecutive weeks hitting huge numbers not recorded in years. A CoinShares Digital Asset Weekly Fund Flow report shows strong bullish sentiment from investors across...
Brazil’s Largest Lender Itau Unibanco Brings Bitcoin Trading Service to Clients
4.12.2023
Source: iStock Itaú Unibanco, Brazil’s largest private bank, has entered the crypto space with new trading service, per a Reuters report. The lender would first launch Bitcoin (BTC) and Ether (ETH) trading for clients of its investment platform. The bank’s crypto division head Guto Antunes...
Institutional Traders Split Between Bitcoin and Ether, Skeptical of Altcoins: Bybit Research
4.12.2023
Source: nuttapon / Adobe Stock A recent report from Bybit Research reveals insights into the sentiment and asset allocation of institutional traders in the cryptocurrency market during the first three quarters of 2023. The Bybit Research report delves into the asset allocation strategies...
South Africa’s Financial Regulator to Assess 36 Crypto Firms Seeking Licenses in December
4.12.2023
Source: Pexels South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) is set to review the applications to 36 cryptocurrency companies seeking operational licenses in the country this month. According to a report published by local media sources, the regulator will...
Investment Giant Franklin Templeton’s CEO Holds Bitcoin, Ether and Other Tokens in Her Portfolio: Report
4.12.2023
Duo Behind $9M Platypus Exploit Acquitted by Paris Court: Report
4.12.2023
Charges were dropped after one of the accused argued he was an "ethical hacker," according to French news publication Le Monde
Report: Spanish Police Arrest Man Accused of Conspiring With Jailed Ethereum Developer to Evade US Sanctions
4.12.2023
Spanish law enforcement said on Dec. 1 it arrested a man accused by the U.S. of conspiring with Ethereum developer Virgil Griffith to help North Korea evade sanctions. A Spanish judge released the man who has since denied the allegations. Cao de Benos Released Without Conditions The Spanish police...
3 Out of Every 4 Web3 Games Have Met Their Demise: CoinGecko Report
4.12.2023
Source: Adobe Stock / enchanted_fairy Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry. In a recent report, CoinGecko analyzed the launch and success rates of 2,817 games between 2018 and 2023. Shockingly...
French Court Acquits Hackers Accused of Targeting Avalanche Stablecoin Project Platypus
4.12.2023
Image Source: Pixabay A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Avalanche blockchain. According to a report by Le Monde, the defendants, identified as Mohammed and Benamar M., were...
Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’
4.12.2023
Source: Larisa/Adobe The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the collapse of...
Cambridge Study Unveils Ethereum’s Environmental Impact Post-Merge, Highlighting Major Energy Reduction
3.12.2023
The transformation of the Ethereum network, popularly known as ‘The Merge,’ marked a significant shift in the blockchain’s energy usage and climate impact. A detailed report by the Cambridge Centre for Alternative Finance (CCAF) meticulously dissects this journey, offering...
Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months
2.12.2023
In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity...
Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report
1.12.2023
Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions. In a study released on Nov 29, De Vries opined that Bitcoin has...
VIP Binance Traders Reportedly Heard of DOJ Settlement in September
1.12.2023
A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report. An exclusive dinner According to the report published by Bloomberg, a number of Binance’s...