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Daily Crypto Update: Bitcoin at $67k, Traders Show Moderate Greed
17.10.2024
The crypto market maintains a bullish stance, with top cryptos showing growth. Bitcoin is firmly at 67k dollars,…
Ireland Moves to Draft Urgent Legislation for Cryptocurrency Regulations Ahead of EU Deadline
17.10.2024
Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money...
Coinbase Says Bitcoin Liquidity on Exchange Unfazed After SEC's Lawsuit Against Cumberland
17.10.2024
Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week
Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible
17.10.2024
Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing...
Marc Andreessen Sends $50K in Bitcoin to AI for Memecoin Revolution
17.10.2024
In an event that blurs the line between technology, cryptocurrency, and meme culture, billionaire venture capitalist Marc Andreessen…
Ex-FTX Engineering Director Nishad Singh Pleads to Be Spared From Prison
17.10.2024
FTX’s former engineering director, Nishad Singh has urged a judge to spare him from prison for role in…
Sui Foundation Denies $400 Million Token Sales Claims
17.10.2024
The Sui Foundation has denied allegations that its employees or insiders from Mysten Labs sold $400 million worth of SUI tokens. The foundation also rejected claims that insiders were involved in preemptive selling or violating token lockup agreements. Sui Insiders Dumping on Retail Investors...
US lagging behind in global stablecoin adoption — Chainalysis
17.10.2024
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions
Asian Private Wealth Managers Embrace Crypto, Some Foresee Bitcoin at $100K By Year-End
17.10.2024
Asian Private Wealth Managers Embrace Crypto, Some Foresee Bitcoin at $100 By Year-End
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
17.10.2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw...
Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal
17.10.2024
Bitcoin is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol
Bitcoin Demand Surges in Bullish Catalyst That May Drive BTC Price to $70K
17.10.2024
Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month
Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds
17.10.2024
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say.
Hermetica Raises $1.7M in Seed Round to Fuel Stablecoin Expansion
17.10.2024
Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH...
A Second 2011 Bitcoin Wallet Moves $10M This Week—Could the Transfers Be Linked?
17.10.2024
On Wednesday, as bitcoin soared to an intraday peak of $68,388 per coin, a wallet from 2011 suddenly sprang to life after lying dormant for over 13 years, spending 150 BTC, valued at $10.17 million. This latest awakening follows the movement of 100 BTC from a similar 2011 address just two days...
BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor
17.10.2024
A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed...
Italy Targets Bitcoin With Capital Gains Tax Hike as EU Prepares for MiCA Regulations
17.10.2024
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets...
94% of Asian private wealth is investing or considering crypto: Report
17.10.2024
Almost a third of surveyed respondents believe that Bitcoin will break through $100,000 by the end of the year
Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade
17.10.2024
Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims...
Central Banks Boost Gold Holdings Amid Global Geopolitical Tensions and Economic Uncertainty
17.10.2024
Central banks from several nations have signaled a shift towards increasing gold reserves, citing geopolitical tensions and economic uncertainty. Officials from Mexico, Mongolia, and the Czech Republic expressed support for gold’s growing role, reflecting broader trends as central banks seek...