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Upbit Adds USDT Trading Pairs For Meme Coins BRETT and PEPE
20.8.2024
South Korea’s largest crypto exchange, Upbit, has announced the addition of USDT trading pairs for two popular meme…
Nigerian SEC to issue crypto platform licenses as market size grows: Report
20.8.2024
In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading
Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle
20.8.2024
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH...
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
20.8.2024
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 the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore:...
Daily Crypto Update: Market Gains Control as Top Coins Rejoice
20.8.2024
After a brief slump period, the overall crypto market is finally showing some life. The market started the…
Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap
20.8.2024
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in...
Ethereum Whale Accumulates Toncoin and RCO Finance Priced at $0.034
20.8.2024
Confidence in Toncoin (TON) is reportedly on the rise, as recent reports reveal an Ethereum whale acquiring a…
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda
20.8.2024
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities...
Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
20.8.2024
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS...
Optimism Finds Vulnerabilities in Fault Proof System, Proposes Upgrade to Patch Them
20.8.2024
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during...
Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts
20.8.2024
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical...
Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10
19.8.2024
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S....
Moody’s, Elliptic join forces for enhanced VASP risk screening
19.8.2024
The companies will combine their strengths to provide enhanced virtual asset service providers screening ability
Bitcoin fund inflows offset largest SOL outflows on record: CoinShares
19.8.2024
According to CoinShares' weekly report, year-to-date flows for all digital asset investment vehicles topped $22 billion in August
Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings
19.8.2024
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business...
Bitwise Expands European Presence Through Acquisition of ETC Group
19.8.2024
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto...
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
19.8.2024
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34%...
Binance dominates among Chinese crypto users, X provides guidance
19.8.2024
A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance
Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop
19.8.2024
Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its...