BRICS Unified Currency Deemed Premature by Russian Official

October 8, 2024 Bitcoin.com

bitcoin.com

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies for trade. Ryabkov highlighted ongoing efforts to strengthen the bloc’s economic independence, with authorities actively […]

Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Crypto adoption on track to hit 8% by 2025: Report

October 7, 2024 Coin Telegraph

Bitcoin

Institutional interest and economic uncertainty are driving forces behind the accelerated global adoption of cryptocurrencies, according to a report from MatrixPort.

Global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world’s population now using digital currencies, according to a report by MatrixPort.

The report projects this figure to exceed 8% by 2025, signaling a potential shift of crypto from a niche market into mainstream financial systems.

The report highlights the growing influence of institutional involvement, which is a key factor driving the steady increase in adoption.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally

October 4, 2024 Bitcoin.com

Bitcoin

At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions in the Middle East, a variety of […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

October 4, 2024 Bitcoin.com

Berkshire Hathaway

Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

HBO Documentary Claims to Reveal the True Identity of Bitcoin’s Creator Satoshi Nakamoto

October 3, 2024 Bitcoin.com

Bitcoin

According to a Politico report, a new HBO documentary claims to have cracked the mystery behind Bitcoin’s elusive creator, Satoshi Nakamoto. If this revelation gains traction, Politico’s Izabella Kaminska stated it could send ripples through global financial markets. Kaminska further reported the HBO doc was directed by Emmy-nominated filmmaker Cullen Hoback, who is known for […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Aussie Bank Joins MAS’ Digital Asset Interoperability Project

October 2, 2024 Bitcoin.com

bitcoin.com

The Australian financial institution ANZ Bank has joined Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring the digitization of financial markets. In partnership with Chainlink Labs and ADDX, ANZ will investigate the interoperability of private blockchains for exchanging tokenized assets like commercial paper. ANZ aims to contribute to developing a stable, secure digital […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

September 18, 2024 Bitcoin.com

SEC Fines Prager Metis .95M Over Negligent FTX Audits

Alameda Research

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

September 11, 2024 Bitcoin.com

Biden

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility

September 8, 2024 Bitcoin.com

bitcoin.com

In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of an economic downturn. Social Media Buzzes […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

September 2, 2024 Bitcoin.com

25bps

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which […]

Financial Markets