Bitcoin Hits 16-Month High in Positive Sentiment as Price Approaches $68K
Bitcoin’s recent price surge has significantly impacted trader sentiment, reaching levels not observed in 16 months. Data from Santiment, a firm that monitors social media sentiment, highlights a notable shift…
Foreign Crypto Miners Could Pose National Security Threats, Warns Senator Elizabeth Warren
United States Senator Elizabeth Warren, known for her critical stance on cryptocurrencies, has once again raised alarms about the potential risks associated with foreign-owned cryptocurrency mining operations in the U.S.…
VanEck Projects Bitcoin Could Reach $2.9 Million Per Coin by 2050
Investment management firm VanEck has projected a significant future value for Bitcoin, estimating that by 2050, the cryptocurrency could achieve a total market capitalization of $61 trillion. This would equate…
Trump’s Reelection Campaign Receives $3 Million in Cryptocurrency Donations for Q2 2024
Donors to Donald Trump’s reelection campaign have contributed approximately $3 million in cryptocurrency since the candidate announced his acceptance of digital assets. This development reflects a significant shift in Trump’s…
Coinbase UK Incurs $4.5 Million Fine for Onboarding High-Risk Customers
Coinbase’s UK operation, specifically CB Payments Limited (CBPL), part of the Coinbase Group, has been fined $4.5 million by the British Financial Conduct Authority (FCA) for failing to adhere to…
HSBC Australia Implements Restrictions on Payments to Crypto Exchanges Due to Scam Concerns
Starting July 24, 2024, HSBC Australia, a branch of the international banking giant, has initiated a significant policy change by blocking payments to cryptocurrency exchanges. This measure is part of…
Latvia’s Strategic Economic Shift: Insights from the Minister of Economics on Crypto Regulations and Blockchain Innovations
Situated in Northern Europe, Latvia, with a population of 1.8 million, is positioning itself as a burgeoning leader in digital innovation within the continent. The recent advancement of its “Crypto…
The Crucial Role of Private Sector Expertise in Nigeria’s Blockchain Strategy
As Nigeria prepares to launch a national blockchain platform, insights from key players in the African fintech industry underscore the pivotal role of private sector expertise in the successful implementation…
India Intensifies Efforts to Curb Darknet Drug Transactions Through Enhanced Crypto Surveillance
India’s Narcotics Control Bureau (NCB) is stepping up its monitoring of cryptocurrency transactions linked to drug trafficking on the darknet. This initiative is part of a broader national effort to…
Sygnum Bank Achieves Profitability Following Surge in Crypto Trading Volumes
Sygnum Bank, a Swiss-based crypto bank managing $4.5 billion in client assets, has announced it reached profitability in the first half of 2024, spurred by a dramatic increase in cryptocurrency…
Hashdex Submits S-1 for ETF Featuring Bitcoin, Ether, and Potentially Additional Cryptocurrencies
Digital asset manager Hashdex has made significant strides toward launching a pioneering exchange-traded fund (ETF) in the United States that combines Bitcoin and Ether, with the potential to include other…
The Evolution of Decentralized Finance: Transitioning Towards ‘NewFi’
As the landscape of decentralized finance (DeFi) evolves, the conversation among investors and industry stakeholders is intensifying, particularly with the burgeoning interest from institutional players. This interest has been catalyzed…
Thailand to Disburse Digital Money to 45 Million Citizens in Economic Stimulus Effort
In a significant move to boost its economy, Thailand‘s finance minister, Pichai Chunhavajira, has confirmed the implementation of a digital money distribution plan set to benefit up to 45 million…
European Investment Bank Advocates for Enhanced Innovation Financing in the EU
The European Investment Bank (EIB) has recently emphasized the urgent need for increased innovation financing within the European Union. A detailed report released on July 24, 2024, outlines the significant…
Ferrari Expands Cryptocurrency Payment System to Europe Following Success in the U.S.
Ferrari, the renowned Italian luxury sports car manufacturer, is set to broaden its cryptocurrency payment options to its European dealerships starting from the end of July 2024. This expansion follows…
Republican Senator Withdraws Support for Elizabeth Warren’s Anti-Crypto Bill
United States Senator Roger Marshall, a Republican, has officially withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a notable anti-cryptocurrency bill he co-sponsored with Democratic Senator Elizabeth…
Ethereum ETF Launch Triggers Market Sell-Off, Forecasts Further Declines: 10x Research Analysis
The debut of spot Ether exchange-traded funds (ETFs), initially met with market optimism, quickly catalyzed a sell-off, significantly impacting Ether’s price. This reaction is part of a recurring trend observed…
Republicans Criticize FBI Director’s Testimony on Trump’s Alleged Non-Bullet Injury
Recent testimony by FBI Director Christopher Wray has sparked significant political backlash after he suggested that former President Donald Trump may not have been struck directly by a bullet during…
Citi Elevates Coinbase Stock Rating to ‘Buy’ Amid Favorable US Political Developments
Citi, a leading investment bank, has recently upgraded its stock rating for the cryptocurrency exchange Coinbase to ‘buy’ from ‘neutral’, setting a new price target of $345. This adjustment reflects…
US House Approves Bill to Combat Illegal Crypto Activities
The US House of Representatives recently passed a significant piece of legislation aimed at curbing the illicit use of digital assets. Dubbed the Financial Technology Protection Act, this bill received…