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Showing posts from August, 2024
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Payments in National Currencies Surge to 92% Among SCO Members

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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 includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Jch1O2Z

Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade

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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 improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Jch1O2Z

Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

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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 supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Jch1O2Z

Argentine President Javier Milei to Star in His Own Docuseries on X

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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 Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/xXuqWSc

Lightspark Presents Solution Linking Lightning Network Payments to Bank Accounts in the U.S.

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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 for a direction that can be linked to an account, allowing them to instantly receive LN payments […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/xXuqWSc

Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’

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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 platforms and one custodian have been admitted to the regulatory incubation program to test their technology. The SEC has cautioned the Nigerian public to […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/xXuqWSc

Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul

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The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was taken to a hospital. Crypto Platform’s CEO Stabbed During Fraud Trial The CEO […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/n4FAg10

Durov Unaware of French Arrest Warrant — Macron Denies Knowledge of Durov’s Visit

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Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in advance of Durov’s arrest or presence in France. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/n4FAg10

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

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The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/n4FAg10

40 Nations Join US and South Korea in Combating North Korean Crypto Crimes

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The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City on Tuesday, focusing on protecting the virtual asset industry from exploitation by North Korea (DPRK) and disrupting its revenue generation. The event aimed to curb DPRK’s efforts to fund its weapons of mass destruction […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/rc6XdsT

Coinbase Shares Tips to Protect From Crypto Scams

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Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves from scams, such as verifying URLs and using two-factor authentication. “Unfortunately, bad actors have been around for centuries and are not going away anytime soon,” […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/rc6XdsT

Donald Trump Launches 4th NFT Collection Featuring Him Holding Bitcoin — Says ‘They Call Me Crypto President’

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Former U.S. President Donald Trump has released a fourth series of non-fungible token (NFT) digital trading cards. The collection includes 50 unique cards, featuring images such as Trump holding bitcoin. Collectors may receive a physical trading card containing a piece of a suit worn during the presidential debate with Joe Biden and could be invited […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/rc6XdsT

Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom

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Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/q7SREO5

Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options

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Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/q7SREO5

Finder’s Experts Forecast Potential Surge in XRP Price

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Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven by its role in […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/q7SREO5

Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth

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Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/P0InKOY

Russia Set to Launch Crypto Payment Trials Next Week, Report

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Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/P0InKOY

RBI Governor Warns Against Rapid CBDC Launch, Advocates Gradual Approach

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The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/P0InKOY

Understanding the Difference Between Spot and Futures Crypto ETFs

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This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/lh2MZY5

Russian Cybercriminal Extradited to US in Crypto Crime Case

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A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/lh2MZY5

Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/lh2MZY5

Secrecy of Argentine Gold Bullion Transfers Abroad Sparks Lawmaker Criticism

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A series of gold bullion transfers abroad by the Argentine government has sparked a series of criticisms behind this action, bringing several lawmakers to question the secrecy of this matter. While experts state that this movement has to do with the efficient utilization of these resources, the government has not issued official statements on the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/WhRX2DY

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

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The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/WhRX2DY

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

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Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/WhRX2DY

India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report

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The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/EbCeL2w

US, African Nations Discuss Responsible AI Use in Military Applications

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The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/EbCeL2w

Nigerian Firms Forecast Further Naira Depreciation

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A recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/EbCeL2w

Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions

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Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/3bEtd51

Paypal Launches PYUSD Rewards Program With Anchorage Digital

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Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/3bEtd51

Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight

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The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief argues that the Ninth Circuit’s approach to pleading standards under the Private Securities Litigation Reform Act (PSLRA) could severely impact emerging technology sectors, especially cryptocurrency. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/3bEtd51

Devere CEO Advises Shifting Away From US Assets as Dollar Weakens

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Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges and opportunities, he said, advising investors to strategically diversify away from dollar-heavy assets to capitalize […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/YAJZCP3

Campaign Advisor Says Harris Will ‘Support Policies’ Promoting Growth of Digital Currencies

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On Wed., Aug. 21, 2024, Bloomberg shared that Vice President Kamala Harris intends to back policies that favor digital currencies. Brian Nelson, a senior advisor for the Harris campaign, told Bloomberg in an interview that if Harris secures the presidency in November, she will “support policies that ensure that emerging technologies and that sort of […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/YAJZCP3

7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

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Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/S6zRNPO

Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse

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The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/S6zRNPO

Donald Trump Considers Elon Musk for Cabinet Role

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U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, Musk […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/S6zRNPO

Seychelles Approves Bill on Virtual Asset Regulation

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The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8Dv3fia

Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda

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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 and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8Dv3fia

Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul

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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 is seeking support from the Nigerian National Assembly to implement […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8Dv3fia

New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud

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The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account activity and offered illegal guarantees against losses. A retired New Hampshire resident, persuaded via Facebook to invest $3,526 in cryptocurrency with Finstate, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OZw29cv

5 Million US Crypto Owners Urged to Push Kamala Harris to Fire SEC Chair Before Election

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Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OZw29cv

110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings

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Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OZw29cv

Indian Authority Arrests Man in Crypto Extortion Case

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A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KJigAGj

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

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Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KJigAGj

Privacy Fears Undermine Support for Digital Euro in Germany

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Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KJigAGj

Crypto-Stealing Malware ‘Styx Stealer’ Exposed by Hacker’s Critical Mistake

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Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new features like auto-start and crypto-clipping. The malware was traced back to a developer linked to the Agent Tesla threat actor “Fucosreal.” During debugging, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/0c7UmzM

Binance Goes Live in India: Full Access for Indian Users

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Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/0c7UmzM

Dubai Court Recognizes Cryptocurrency for Salary Payments

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In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/0c7UmzM

While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns

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Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/PCazwn9

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

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Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/PCazwn9

Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

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Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations. Iran […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/PCazwn9

Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024

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Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/PCazwn9

China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives

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Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA

Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy

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Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA

Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession

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In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Yp7G4eA

Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound

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Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8a1B0hZ

Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M

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Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8a1B0hZ

Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

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Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8a1B0hZ

Elon Musk Offers to Assist Donald Trump Boost Government Efficiency

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Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8a1B0hZ

SunPump Beta Launches on TRON, Driving Innovation in Meme Coin Development

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PRESS RELEASE. Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is thrilled to announce the launch of SunPump Beta, the first dedicated platform for the fair launch and trading of meme coins. SunPump offers creators an accessible, low-cost way to launch their own meme coins in a secure and user-friendly environment. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/CRMQaZw

Thai SEC Launches Digital Asset Regulatory Sandbox

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The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/CRMQaZw

Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit

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Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/VETN2OJ

47 Companies Apply to Operate in Turkey Under New Crypto Regulations

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Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/VETN2OJ

Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case

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Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/VETN2OJ

Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype

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A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said. Cornell Professor’s Crypto Warning […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/b7AZuiU

SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

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The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/b7AZuiU

Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation

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Elon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the situation, underscoring that the issue stems from the government, not the private sector. Elon Musk on Inflation, Government […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/b7AZuiU