Bitcoin News / Bitcoin.com - 11 months ago
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includ...
Bitcoin News / Bitcoin.com - 11 months ago
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and...
Bitcoin News / Bitcoin.com - 11 months ago
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money...
Bitcoin News / Bitcoin.com - 11 months ago
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despit...
Bitcoin News / Bitcoin.com - 11 months ago
The East African nation of Tanzania has reportedly restricted access to the social media platform X (formerly Twitter). This ongoing outage has been confirmed by Netblocks, an internet observatory organization. The incident coincides with a police al...
Bitcoin News / Bitcoin.com - 11 months ago
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premi...
Bitcoin News / Bitcoin.com - 11 months ago
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract...
Bitcoin News / Bitcoin.com - 11 months ago
UBS predicts further depreciation of the U.S. dollar due to narrowing interest rate differentials, ongoing U.S. fiscal deficit concerns, and a shift in global central bank strategies. Despite a brief rally, UBS has downgraded the U.S. dollar to its L...
Bitcoin News / Bitcoin.com - 11 months ago
A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence. The report provides insights into futures, options, and perpetual contracts, emphasizing the sector’s ability to withsta...
Bitcoin News / Bitcoin.com - 11 months ago
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, ad...
Bitcoin News / Bitcoin.com - 11 months ago
The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commandi...
Bitcoin News / Bitcoin.com - 11 months ago
For decades, loyalty programs have been a staple of customer retention strategies across various industries. From airline miles to hotel points, these programs have promised consumers a tangible return for their loyalty. But as the digital landscape...
Bitcoin News / Bitcoin.com - 11 months ago
The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social medi...
Bitcoin News / Bitcoin.com - 11 months ago
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting arou...
Bitcoin News / Bitcoin.com - 11 months ago
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Sel...
Bitcoin News / Bitcoin.com - 11 months ago
Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $175.67 million. At the same time, despite a trading volume of $173.66 million, ether ETFs saw no net gains or losses on Friday. Bitcoin ETFs Lose $175...
Bitcoin News / Bitcoin.com - 11 months ago
Over the past week, The Open Network (TON) ecosystem has encountered a series of setbacks due to a wave of unfavorable news. The turbulence began with the arrest of Telegram founder Pavel Durov, followed by two significant outages on the blockchain n...
Bitcoin News / Bitcoin.com - 11 months ago
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted...
Bitcoin News / Bitcoin.com - 11 months ago
Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Arg...
Bitcoin News / Bitcoin.com - 11 months ago
Lightspark, a Bitcoin Lightning Network financial services company, has announced the release of its UMA Extend feature, which focuses on increasing the interaction between crypto and legacy rails in the U.S. With UMA Extend, businesses can opt in fo...
Bitcoin News / Bitcoin.com - 11 months ago
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering pla...
Bitcoin News / Bitcoin.com - 11 months ago
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina inv...
Bitcoin News / Bitcoin.com - 11 months ago
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with marke...
Bitcoin News / Bitcoin.com - 11 months ago
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double...
Bitcoin News / Bitcoin.com - 11 months ago
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Move...
