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Brazilian CBDC Drex Envisioned to Replace Current Transaction System
9.10.2024
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would...
Canary Capital Files SEC Registration for XRP ETF
8.10.2024
Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly...
Who is Satoshi Nakamoto? Does it even matter in 2024?
8.10.2024
The cryptocurrency world is abuzz with HBO’s upcoming documentary about the mysterious creator of Bitcoin, Satoshi Nakamoto. For years, the enigma surrounding Nakamoto’s identity has fascinated both crypto enthusiasts and mainstream audiences. But the burning question is: Does it even...
Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings
8.10.2024
On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared...
Ethereum L2 Platform Linea Integrates Chainlink’s Cross-Chain Protocol
8.10.2024
The layer two platform Linea has teamed up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability....
Nigeria Central Bank Governor Defends Naira Float Decision
8.10.2024
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market...
Cryptoquant: Stablecoin Liquidity Surges to Record Highs as Ripple Introduces RLUSD
8.10.2024
Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape. Stablecoin Boom Fuels Crypto...
Len Sassaman’s Legacy: Could He Be the Man Behind Bitcoin?
8.10.2024
On Wednesday, HBO is set to release a documentary that claims to reveal the identity of Bitcoin’s creator, Satoshi Nakamoto, and speculation is swirling around Len Sassaman as the potential figure. Rumors are circulating that Sassaman could be named Nakamoto, and bettors on Polymarket...
MARA Launches Pilot to Harness Shale Gas for Bitcoin Mining Operations
8.10.2024
MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial...
Crypto Expert Says Flockerz, Pepe are Among Best Meme Coins to Buy Now
8.10.2024
Meme coins remain a vital part of the crypto ecosystem. But new coins pop up almost daily, making it tough to track which ones are worth checking out. Jacob Bury, a top crypto expert on YouTube, has his eye on two in particular – Flockerz (FLOCK) and Pepe (PEPE) – believing they could rally before...
Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims
8.10.2024
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the...
US Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change
8.10.2024
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether...
Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts Say
8.10.2024
Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However...
Texas Mayor Ward Roddam Reveals How Bitcoin Resurrected Rockdale’s Economy
8.10.2024
Ward Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed...
Luno, Zapper Partner for Crypto Payments at 31,000 Merchants
8.10.2024
South African crypto exchange Luno has partnered with Zapper to enable crypto payments at over 31,000 merchants. This partnership aims to expand crypto’s use beyond investment and into daily transactions. The partnership is part of a broader trend in South Africa, with other exchanges like...
Bitcoin Betting Is Launching an Unstoppable DeFi App for Sports Betting and Prediction Markets With No KYC
8.10.2024
Bitcoin Betting is launching its cutting-edge DeFi app, designed for sports betting and prediction markets. The app targets semi-professional sports bettors who value privacy, high limits, great odds and peace of mind, knowing that their funds are secure and can always be withdrawn within seconds...
Metaplanet Boosts Bitcoin Holdings With $6.7 Million Investment
8.10.2024
Metaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition...
India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade
8.10.2024
India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns...
Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says
8.10.2024
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding...
Latam Insights Encore: Bukele Might Orange-Pill Milei on Bitcoin
8.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine President Nayib Bukele’s official visit to Argentina, and how this might translate to bitcoin being more prominently incorporated...