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Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

Bolivia’s central bank has reported a 100% increase in average monthly virtual asset trading in the county since lifting its ban on Bitcoin in late June.

Roughly $15.6 million in virtual assets were traded on an average monthly basis between July and September — 105% higher than the average of the previous 18 months, from January 2023 to June 2024.

The $48.6 million traded over the last three months was more than the previous six months combined and largely comprised of stablecoin transactions, Banco Central de Bolivia (BCB) revealed in a Sept. 26 report.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Saudi Arabia Leads MENA in Crypto Growth for Second Year Running

Saudi Arabia Leads MENA in Crypto Growth for Second Year RunningSaudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Nigeria Accuses Four Crypto Traders of Forex Regulations Violations

Nigeria Accuses Four Crypto Traders of Forex Regulations ViolationsThe Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley, and Chukwuebuka F. Ogumba. The defendants are accused of violating the Banks and Other Financial […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Whale continues $154M dumping spree with 5K ETH deposit to OKX

Lookonchain wrote that the whale bought 1 million tokens during the Ethereum initial coin offering.

An Ethereum whale address has been offloading Ether worth millions, with the latest move being a $13.2 million deposit to the OKX exchange. 

On Aug. 12, blockchain analytics platform Lookonchain flagged that an address deposited 5,000 ETH, worth about $13.2 million, deposited the funds into OKX. The Ether (ETH) whale has regularly deposited millions in ETH to OKX for over 30 days.

The wallet reportedly belongs to a whale who received 1 million ETH during the Ethereum initial coin offering (ICO).

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Visa and Wirex Partner to Bring Seamless Crypto Payments to Millions of Merchants Globally

Visa and Wirex Partner to Bring Seamless Crypto Payments to Millions of Merchants GloballyWirex and Visa have partnered to launch Wirex Pay, aiming to bring seamless crypto payments to millions of merchants worldwide, enhancing accessibility and convenience. “This partnership is set to revolutionize the way we use digital assets,” said Wirex Pay, emphasizing that Wirex and Visa are teaming up to “drive innovation in web3 payments.” Wirex and […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Chainalysis: $100 Billion in Illicit Crypto Funds Traced Since 2019

Chainalysis: 0 Billion in Illicit Crypto Funds Traced Since 2019Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100 billion has been transferred from known illicit wallets to conversion services. The report underscores the need for broad expertise among law […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Moonpay Partners With Mesh to Enhance Crypto Accessibility

Moonpay Partners With Mesh to Enhance Crypto AccessibilityMoonpay has announced a new partnership with Mesh, aimed at simplifying the process of depositing and transferring crypto assets from centralized exchanges. This collaboration seeks to enhance liquidity and accessibility for users across the crypto industry. Moonpay and Mesh Partner to Expand Crypto Payment Options Moonpay, a leading provider of fiat-to-crypto services, has teamed up […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

South Korea Launches Continuous Monitoring for Crypto Transactions

South Korea Launches Continuous Monitoring for Crypto TransactionsSouth Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions

South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto TransactionsThe South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees More Crypto Transactions in […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

Uzbek Court Sentences Student to 10 Days in Prison for Crypto SalesA 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum