Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report

November 3, 2024 The Daily Hodl

Africa

The world’s largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations. Citing data from market intelligence platform Chainalysis, Bloomberg reports that stablecoin issuer Tether’s USDT is seeing increased usage at time zones correlated with major cities in Eastern Europe, the Middle East and Africa, including sanctioned nations such […]

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and Inflation

October 18, 2024 Bitcoin.com

Arthur Hayes

Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while bitcoin’s future looks bright, Hayes warns investors […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

October 8, 2024 Bitcoin.com

Peter Schiff Predicts Gold Could Soar to 0,000 as US Dollar Weakens

bitcoin.com

Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’

October 6, 2024 Bitcoin.com

Biden

Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip

October 5, 2024 Bitcoin.com

Bitcoin

Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President Donald Trump’s improving odds could enhance bitcoin’s long-term outlook, but a […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack

October 2, 2024 Coin Telegraph

Bitcoin

The price of Bitcoin fell about $4,000 after Iran fired some 180 ballistic missiles at Israel, escalating the conflict in the Middle East.

Update (Oct. 2 at 5:40 am UTC): A previous version of this article suggested Larry Fink’s comments about Bitcoin as an inflation hedge on Fox Business was recent. This has been amended to reflect the correct date.

Commodities including gold and crude oil rose as the specter of war looms in the Middle East. Still, Bitcoin is moving in the opposite direction, leading to renewed debate over whether it’s a safe-haven asset.

Gold prices gained 1.4% on the day to reach $2,665 per ounce on Oct. 1, just shy of its all-time high, according to Goldprice.org. Meanwhile, crude oil prices spiked as much as 7% to reach $72 per barrel.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

MiCA threatens crypto firm exodus to Middle East: Regulatory expert

September 27, 2024 Coin Telegraph

Coin Telegraph

The upcoming regulatory framework could threaten a mass crypto exodus to the Middle East due to more favorable regulations.

Europe’s upcoming cryptocurrency regulatory framework could reduce the number of Web3 firms in the region and introduce new centralization-related concerns.

The Markets in Crypto-Assets (MiCA) bill is the world’s first comprehensive regulatory crypto framework, widely seen as a net positive for the industry.

While MiCA legitimizes the crypto ecosystem, it also threatens to introduce consolidation among crypto firms, according to Anastasija Plotnikova, CEO and co-founder of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Animoca Brands plans return to stock market by 2025

June 26, 2024 Coin Telegraph

Coin Telegraph

Animoca Brands is considering a public market return after four years of delisting in Australia, eyeing more receptive jurisdictions like Hong Kong and the Middle East.

Gaming and metaverse giant Animoca Brands is reportedly considering returning to the public market after delisting from the Australian Securities Exchange (ASX) in March 2020.

This time, the company is targeting friendlier jurisdictions, specifically analyzing Hong Kong and the Middle East, according to The Information on June 26, citing the company’s co-founder, Yat Siu.

Animoca has been holding meetings with investment banks but has not chosen a location or hired an adviser, notes the report. The company is headquartered in Hong Kong, with offices and subsidiaries in several other countries.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

June 20, 2024 Bitcoin.com

bitcoin.com

The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Iraq commitment to capture flare gas sparks crypto mining speculation

April 16, 2024 Coin Telegraph

Coin Telegraph

Iraq is looking to reduce both pollution and its dependence on fossil fuels.

Iraq’s Deputy Prime Minister, Muhammad Ali Tamim, recently co-chaired a U.S.-Iraq Higher Coordinating Committee meeting with U.S. Secretary of State Antony Blinken to discuss the future partnership between the two nations.

During the meeting, Deputy Prime Minister Tamim stated clearly that it was Iraq’s goal to reduce its dependence on fossil fuels, lower pollution, and engage in new partnerships to develop and employ technology to capture “flare gas,” a byproduct of the oil field industry considered a poisonous pollutant.

The statement surrounding the use of “technologies” to capture flare gas have caused some in the crypto community to speculate that Iraq intends to enter the Bitcoin mining sector.

Middle East

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