The de-dollarization continues in Asia. Following nations like India or Indonesia, Thailand is now also shunning the dollar.
After months of operational struggle, Bitcoin (BTC) reigns over the ecosystem stronger than ever. In the past 24 hours, the asset's valuation increased by 3.18%, surpassing the symbolic $35,000 mark. This brought delight to enthusiasts of this crypto asset. A Canadian parliamentarian, a few days ago, encouraged the public to actively engage with this cryptocurrency that continues to surprise.
The Bitcoin has just delivered a performance worthy of a mythological epic. Three addresses, which could be compared to dormant titans of the crypto era, have broken their six-year slumber to transfer a fortune of 6,500 BTC, equivalent to approximately $230 million. An event that tears the veil of routine and shakes the markets.
PayPal, the payment giant, has just achieved another crucial milestone. Indeed, the UK's financial market regulator, the Financial Conduct Authority (FCA), has granted it the green light to offer crypto services across the entire territory of the United Kingdom. Let's take a closer look!
The Bitcoin, a flagship currency in this universe, is at the center of attention. With the arrival of November, investors, experts, and the curious pose an essential question: will Bitcoin continue its meteoric rise or experience a spectacular fall?
Dubai, October 25, 2023 – The 11th edition of the Blockchain Life Forum, widely recognized as the premier meeting point for global cryptocurrency leaders, concluded with a gathering of over 7000 attendees from 120 countries. Blockchain Life has become the center of crypto activities, as well as one of the largest and most important events in the world, summing up the Crypto Year.
X (formerly Twitter) has lost more than half its purchase price. The culprit is known!
The BRICS have officially decided to leave the dollar. In the meantime, the question of the currency's use in settling international transactions seems to be a point of contention between the member countries. Here's what it's all about.
What is the state of crypto adoption in the Maghreb? It's not an insignificant question, especially as the region is far from being the continent's crypto powerhouse. Sub-Saharan Africa is leading the way, driven in particular by Nigeria. Figures show that in this West African country, more and more people are holding cryptos or are aware of their existence. In fact, several Maghreb countries are not far behind in this dynamic, even if the relative weakness of this craze must be acknowledged. In what follows, we look at the trends in crypto adoption in the Maghreb and the reasons behind them.
China's hegemonic ambitions in the economic sphere have been well-known. The desire of the Asian giant and its BRICS partners to move away from the dollar is essentially an expression of this ambition. This ambition has recently seen progress involving the euro, the currency used in the European area.
After coming perilously close to the worst during the crypto exchange FTX's fall, Solana has skyrocketed in the charts. Staking the Solana (SOL) cryptocurrency, which is now one of the top-performing cryptos of 2023, has generated over 200% in profits throughout the year. A performance that completely outshines that of its competitor, Ethereum.
"The Bitcoin Spot ETF is a financial product that allows investors to access the Bitcoin market without directly owning the cryptocurrency. According to a study by Galaxy Research, the Bitcoin ETF could experience tremendous success in the years to come. Details below!
The year 2023 will be remembered as a tumultuous period for cryptocurrency investors. While the market faced challenges, such as the overall cryptocurrency market cap contraction, Ethereum's depreciation, and a decline in total value invested in decentralized finance (DeFi), it also witnessed significant progress. Among these advancements, notable developments include continued institutional adoption, a growing interest in layer 2 solutions, and, most importantly, significant changes in cryptocurrency regulation. This article will specifically explore the recent developments in cryptocurrency regulation within the EU and on a global scale. Let's take a closer look.
On Monday October 23, the Depository Trust and Clearing Corporation (DTCC) had listed BlackRock's iShares Bitcoin Trust (iBTC), to which it had added the ticker. This symbol, used to identify the asset manager's ETF, was withdrawn on Tuesday October 24. The latest news confirms the relisting of BlackRock's Bitcoin ETF.
A Chinese multinational has just made its first-ever purchase of oil using the digital yuan (CBDC). The petrodollar is facing challenges.
The rapid rise of Bitcoin has not only been a windfall for optimistic investors. It has also triggered an unexpected wave of liquidations, hitting hard traders who had bet on a drop in the digital currency. A true earthquake in the volatile world of crypto, where nothing is ever truly predictable.
Bitcoin, the digital currency often seen as the barometer of the entire crypto market, has seen a meteoric rise. But what are the reasons for this rise, and what are the stakes for the future?
New York investment bank Morgan Stanley suggests that bitcoin is slowly entering a bull market.
Today, within the Eurasian Economic Union, economic transactions are settled with national currencies, which are increasingly overshadowing the dollar. Most economic exchanges involving Russia are now conducted in rubles. The euro and the dollar are undergoing displacement. This transformation in the global financial landscape cannot go unnoticed. The possibility of a common commercial currency emerging within the BRICS is back at the center of discussions. In a recent interview, Russian economist and politician Sergei Glaziev dropped a bombshell: a common BRICS currency is inevitable. Details.
MicroStrategy, long seen as a Bitcoin stalwart, is actually eclipsed by an elusive player, Block.One. But who is this giant lurking in the shadows?
Ensuring that the digital euro doesn't become a tool for surveilling Europeans. This is, in a way, the wish of the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS). These entities have recently called on the EU to establish a “privacy protection threshold” for cryptographic transactions in the euro. Let's take a closer look!
China has formally expressed its opposition to the rise of cryptocurrencies. In a recent detailed economic statement, the Middle Kingdom reaffirmed this stance and announced its determination to toughen its position on the matter.
Since June, bitcoin (BTC) had been struggling to reach the $30,000 valuation mark it had reached a few months earlier. Now it's done it again. In the following lines, we'll explain what's behind this latest upturn in the market for the flagship crypto.
The ascent of cryptocurrency in the modern economic world is undeniable. At the heart of this revolution, XRP, whose reputation is steadily growing, has just received a significant vote of confidence from the Old Continent. The Banque de France appears ready to adopt this token for its digital euro project.
The explosive rise of Bitcoin and crypto in general is undeniable. Among the many harbingers of this new financial era, the announcement by Standard Chartered, a colossal $840 billion bank, to enter the Bitcoin arena is undoubtedly one of the most significant.
While Bitcoin reached $30,000 this Monday and seems to be gearing up for a new rally, it's not yet time to celebrate, according to highly followed crypto analyst Benjamin Cowen. In an interview with Scott Melker, the expert predicted an imminent sharp drop in Bitcoin's price ahead of the expected halving in April 2024. Find out more in this article.
The financial market is eagerly awaiting the possible approval of a bitcoin spot ETF. In this regard, Fidelity, Ark Invest, and Invesco have recently updated their requests with the SEC. This is in response to letters demanding clarification on the matter. The crypto community perceives this action as a positive sign of ongoing dialogue between the companies and the regulatory authority.
Rumor has it that the SEC is about to approve Ishares' Bitcoin ETF. Verdict tomorrow.
The US government currently holds 200,000 Bitcoin (BTC). Yet it seems in no hurry to sell this colossal treasure.
It's a fact: decentralized finance (or DeFi) and crypto are well and truly present on the European market. In a detailed report, the European Securities and Markets Authority (ESMA) takes a close look at this new financial era. Read on for more details!