Cryptocurrency - news
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![]() 26.09.2023 21:47 The amendments tackle arguments made by the SEC against the use of the CME BTC futures market for surveillance sharing. cointelegraph.com |
![]() 26.09.2023 21:42 The creator of Ordinals proposes a new fungible token protocol to replace BRC-20, designing it to be much more efficient with blockspace and more secure. bitcoinmagazine.com |
![]() 26.09.2023 21:40 Central bank digital currencies (CBDCs) could confer economic benefits if governments don't use them to cannibalize the commercial banking industry. cointelegraph.com |
![]() 26.09.2023 21:21 As the world of
cryptocurrency continues to expand, Bitcoin remains the most well-known and
extensively used digital currency. It has established itself as a valuable
store of value and a potential inflation hedge. However, many fans and
investors are wondering whether Bitcoin can transition from being solely a
store of wealth to a mainstream form of payment in 2024 and beyond. The
Evolution of Bitcoin: From Digital Gold to Digital CashSatoshi
Nakamoto, the enigmatic developer of Bitcoin, envisioned it as a peer-to-peer
electronic payment system. It has undergone considerable changes over the
years, with many now perceiving it as digital gold or a long-term store of
value rather than a medium of exchange for everyday transactions.The limits of
Bitcoin's blockchain technology contributed to the shift from a digital
currency system to a digital gold narrative. Because of scalability concerns
and transaction fees, the Bitcoin network was less viable for modest, everyday
transactions when [...] financemagnates.com |
![]() 26.09.2023 21:10 Coinbase has suspended its plans to acquire FTX Europe, a
move that was aimed at enabling it to enter into the European derivatives
market. This turn of events happened as a response to the regulatory challenges
in the US crypto market. Coinbase targeted FTX Europe due to its profitable
derivatives operations under the Cyprus regulatory license. As the exclusive
provider of perpetual futures in Europe, FTX Europe has a substantial share of
the region's trading volumes. Its derivatives transactions constitute nearly
75% of the worldwide crypto trading volume, which witnessed a robust growth of
13%, reaching $2 trillion in June.Coinbase Faces Regulatory ChallengesFTX Europe's profitability attracted a number of potential
suitors following its parent company's declaration of bankruptcy in 2022. Among those interested in the deal are industry players like Crypto.com
and Trek Labs.Derivatives are financial instruments linked to the value of
underlying assets such as Bitcoin and Ether. They [...] financemagnates.com |
![]() 26.09.2023 21:03 Ripple's newest head of U.S. public policy previously worked in similar roles at Softbank Group, Zoom, and Lyft following six years in government. cointelegraph.com |
![]() 26.09.2023 21:00 Consistent with the volatile crypto market, the past few months have been filled with uncertainty for Bitcoin (BTC). However, the bears appear to be in control, with the premier cryptocurrency trending toward the $26,000 mark in the past few days. Despite the struggling Bitcoin price action, investors seem uninterested in taking short-term interests or cutting their losses, with BTC spot trading volumes hitting lows rarely seen in years. “Macroeconomic Scenario” Responsible For Bitcoin Volume Decline According to recent research from on-chain analytics provider CryptoQuant, Bitcoin spot trading volume has declined to a six-year low. This latest data, which tracks trading activity on various exchanges, shows the decline BTC volume has experienced in recent weeks. CryptoQuant data revealed that the transaction volume of Bitcoin across exchanges roamed between 8,000 and 15,000 daily transactions in the past week. This reflects an abrupt decline from the 600,000 daily transactions [...] newsbtc.com |
![]() 26.09.2023 20:48 The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche. cointelegraph.com |
![]() 26.09.2023 20:30 The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders […] bitcoin.com |
![]() 26.09.2023 20:00 The company behind the XRP Ledger crypto wallet, Xumm, unveiled its plans to launch an “Infrastructure Overhaul” for the network. The company claims the upgrade will push the XRPL to the next level. According to an official announcement shared with Bitcoinist: This isn’t just a technical upgrade; it’s a strategic move to reshape the very foundation of the XRPL, ensuring a sustainable, efficient, and inclusive future for all participants. Related Reading: XRP Price Prediction – Will Recent Correction Trend Push XRP Under $0.50? XRP Ledger Upgrade Goes Beyond? Implications For The Network Xumm believes the XRP Ledger has an “advanced” infrastructure, but they aim to address some key issues impacting “flexibility” and performance. The company believes that with its present capabilities, the network has difficulty processing transactions and fetching historical data. In the long run, these issues could affect the ledger’s capacity to onboard new users and use cases. Xumm’s new update is [...] newsbtc.com |
![]() 26.09.2023 20:00 Launched in May, the Gemini Gurgaon Hub has since added over 70 staff. cointelegraph.com |
![]() 26.09.2023 19:30 The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. cointelegraph.com |
![]() 26.09.2023 19:20 An intriguing chart shows a close relationship between U.S. 10-year Treasurys and Bitcoin halving price rallies. cointelegraph.com |
![]() 26.09.2023 19:11 MoneyGram International, Inc. has announced plans to launch
a non-custodial digital wallet. Slated for release in the first quarter of
2024, this wallet aims to enhance cross-border payments. It offers consumers a
bridge between fiat and digital currencies.This announcement came during MoneyGram's Chief Executive
Officer, Alex Holmes', presentation at the Stellar Development Foundation
annual Meridian conference.MoneyGram Eyes Blockchain TechnologyHolmes stated: "The MoneyGram non-custodial digital
wallet advances this mission even further. We're thrilled to have the vision,
strategic plans, innovative technology and expansive retail network in place to
continue offering consumers access to the digital economy." "As a global fintech, the work we're doing on the
blockchain is one of the many ways we're thinking differently about how
MoneyGram's services can play a broader role in the lives of consumers
globally. We're excited to continue to share more in the coming months."Building [...] financemagnates.com |
![]() 26.09.2023 19:00 Data shows that the Bitcoin mining sector has become the most sustainably-powered global industry, as more than 50% of it uses clean energy. Majority Of Bitcoin Mining Industry Uses Clean Energy Sources One of the main criticisms against BTC is that the sector uses a considerable amount of energy and, thus, releases a notable amount of emissions. Things appear to be developing for the better and quite fast. In a new post on X, the co-founder of CH4Capital, Daniel Batten, has shared a few charts that look into the sustainability of the BTC network and how it compares with other sectors. The first chart displays the trend in the percentage of sustainable energy used by Bitcoin mining and other industries over the last four years. The trend in the clean energy used by the various global industries | Source: @DSBatten on X As shown in the above chart, most industries have seen minimal growth in using sustainable energy during this period. The Banking Sector, the second largest in terms of [...] newsbtc.com |
![]() 26.09.2023 18:58 After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well. cointelegraph.com |
![]() 26.09.2023 18:30 JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted. Chase UK to Halt Crypto Payments in Mid-October Chase UK customers are about to hit a roadblock […] bitcoin.com |
![]() 26.09.2023 18:12 An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States. cointelegraph.com |
![]() 26.09.2023 18:00 As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community. What Are These Key Bitcoin Metrics? In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding more than 1 BTC is at its highest over the last five years. Related Reading: Market Analysts Outline When The First Spot Bitcoin ETF Will Be Approved In the past month, there has also been close to a 1% increase in persons holding more than one 1 BTC. Meanwhile, the volume of Bitcoin transactions, entity-adjusted ones, has surged by over 9% in the past month. This metric also has a 99.8% percentile over the last five years. These two [...] newsbtc.com |
![]() 26.09.2023 18:00 Being fully aware of both the strengths and weaknesses of bots can help traders leverage them with optimal success. cointelegraph.com |
![]() 26.09.2023 17:31 Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week’s consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, pushing towards a ceiling of its own at $220. Bitcoin Cash (BCH) Bitcoin cash […] bitcoin.com |
![]() 26.09.2023 17:27 Taiwan's Financial Supervisory Commission (FSC) has
introduced a set of stringent rules, effectively banning unregistered foreign
cryptocurrency exchanges from operating within the country. This action occurs
as part of Taiwan's commitment to enhancing investor protection and promoting
responsible practices within the crypto industry.The FSC has outlined key measures to regulate the
cryptocurrency market within its borders. These guidelines, released on
September 26, specifically target virtual asset service providers (VASPs)
operating in Taiwan. The rules include industry-standard practices such as
segregating the exchange's treasury assets from customer assets and
establishing mechanisms for listing and delisting crypto assets.Notably, the FSC has imposed strict restrictions on foreign
VASPs, preventing them from offering their services in Taiwan unless they have
received the necessary approvals and registrations from the regulatory
authorities. "Overseas virtual asset platform [...] financemagnates.com |
![]() 26.09.2023 17:17 The move follows the crypto exchange’s successful VASP registration in Italy. cointelegraph.com |
![]() 26.09.2023 17:07 Coin Fam????????☀️ In the last article we teased VESA being in Switzerland, and how the country is advancing leaps and bounds in the eyes of the international crypto community, but today we will give you the lowdown on what the Swiss Web3 Fest was all about and who are the people in the ecosystem behind it. To preface why the following is important, it’s good to mention something. VESA has been working with a bunch of people, from big to small companies and beyond, and what is quite frightening is the ratio of competent people even in big organisations, who have their shit together. It is R A R E. So, let’s get to it.The Crypto Oasis founders (from left) Saqr, Ralf, and Faisal with us at the Art In Space gallery in Dubai earlier From Crypto Oasis to Crypto Valley and back ???? If you have been connected to the crypto scene in Dubai at all, you must have heard of Crypto Oasis. The spearhead pack is the fastest growing crypto ecosystem in the world, but not everyone knows of their [...] newsbtc.com |
![]() 26.09.2023 17:00 Increasing energy availability for production is not enough to stimulate GDP growth, that energy must actually be consumed and put to use. bitcoinmagazine.com |