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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

Cryptocurrency Purchases Soar in Brazil: .37 Billion Spent YTDAccording to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

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 […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their PortfoliosA survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El SalvadorThe adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

US Company Settles Salvadoran Coffee Purchase With Bitcoin

US Company Settles Salvadoran Coffee Purchase With BitcoinAccording to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La Liga

Crypto Exchange Bitget Secures Multi-Million Dollar Partnership With La LigaBitget, a leading cryptocurrency exchange, has announced a multi-million dollar partnership with La Liga, the popular Spanish football league. This deal establishes Bitget as the official crypto partner for La Liga across Eastern Asia, Southeast Asia, and Latin America. Bitget and La Liga Join Forces The collaboration was revealed at the Token2049 event in Singapore […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE Clients

Onedegree, Dubai Insurance Launch Digital Asset Custodial Insurance for UAE ClientsOnedegree, an Asian digital assets insurer, and its UAE partner, Dubai Insurance, have started offering digital asset custodial risk insurance to clients in the UAE. This new product, approved by the Central Bank of UAE, expands both companies’ product portfolio and offers a comprehensive solution to UAE digital asset companies. The launch of this insurance […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance

In-Depth Study Reveals Stablecoins as Pivotal Players in Global FinanceAs digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador

Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El SalvadorThe Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad

Amid Criticism, Central Bank of Argentina Confirms Moving Gold AbroadIn a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located abroad might be subject to confiscation due to an embargo order benefiting […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs