UAE Interior Ministry and FSRA Partner to Combat Virtual Assets-Related Crime

December 21, 2024 Bitcoin.com

bitcoin.com

The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates (UAE)’s Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Top UAE Bank Joins the Crypto Revolution With Investment in Zodia Custody

December 14, 2024 Bitcoin.com

bitcoin.com

Emirates NBD, a leading United Arab Emirates (UAE) bank, has invested in Zodia Custody, a digital asset custodian, through its Innovation Fund. A Step Forward for Zodia Custody Emirates NBD, one of the United Arab Emirates’ leading banks, recently disclosed that it had invested in Zodia Custody, a digital asset custodian. The investment was made […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

President Bukele Gets the Last Laugh: Over $300 Million in Unrealized Bitcoin Gains

December 8, 2024 Bitcoin.com

President Bukele Gets the Last Laugh: Over 0 Million in Unrealized Bitcoin Gains

Bitcoin (BTC)

Bukele celebrated the recent bitcoin rally and the $100K milestone, posting a screenshot of El Salvador’s bitcoin investment unrealized gains. Fighting tooth and nail against naysayers, including institutions like the IMF, the leader brought in over $300 million in profits from one of the largest nation-state bitcoin trades. Bukele Shows El Salvador’s Bitcoin Wallet Profits: […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bahrain-Backed Bank Launches Digital Asset Custody Service

November 5, 2024 Bitcoin.com

bitcoin.com

Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets. Bahrain Aims to Connect Asian and MENA Markets Bahrain-backed Singapore Gulf Bank has launched digital asset custody and intuitive trading solutions services. The bank is also set to […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’

October 24, 2024 Bitcoin.com

bitcoin.com

Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared, demonstrating that these are a viable alternative when […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Adoption Reaches Critical Low in El Salvador Despite Government Push

October 17, 2024 Bitcoin.com

Adoption

A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions. The numbers are surprising to analysts, given the push that President Nayib Bukele has made for bitcoin in the country since its adoption as legal tender in […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

US lagging behind in global stablecoin adoption — Chainalysis

October 17, 2024 Coin Telegraph

Bitcoin

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

October 17, 2024 Bitcoin.com

bitcoin.com

A Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Brazillian Central Bank Invites New Participants to CBDC Pilot Program

October 13, 2024 Bitcoin.com

bitcoin.com

The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian Central Banks Opens CBDC Pilot to New Consortiums Brazil is preparing […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation

October 12, 2024 Bitcoin.com

Argentina

A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s […]

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