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 […]

MicroStrategy completes billion convertible notes offering to buy more Bitcoin

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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, […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Avalanche Powers Littio’s New USD Savings Accounts in Latin America

October 10, 2024 Bitcoin.com

Avalanche

Littio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche to Boost Financial Services in Latin America Littio, known for its mobile banking services, is using Opentrade’s […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds

October 3, 2024 Bitcoin.com

Argentina

During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.” Bukele Talks Cryptocurrency and Bitcoin Bonds […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Crypto Trading Volumes Double After Lifting of Ban in Bolivia

September 30, 2024 Bitcoin.com

bitcoin.com

According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoins leading the way and transaction numbers also rising. Bolivia Experiences a Crypto Renaissance After Lifting […]

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