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Metaplanet Adds 107.9 BTC, Holdings Reach 506.7 BTC

October 1, 2024 Bitcoin.com

bitcoin.com

The Tokyo Stock Exchange listed Metaplanet Inc. has purchased an additional 107.913 bitcoins (BTC) worth $69.42 million (one billion yen). This brings the company’s total bitcoin holdings to 506.745 BTC, acquired at an average price of $65,101. Metaplanet’s latest BTC purchase comes just under two months after it announced a $70 million stock rights offering […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

US License Expiration Imperils Russia-China Trade in Chinese Yuan

September 28, 2024 Bitcoin.com

bitcoin.com

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Zimbabwe Devalues Gold-Backed Currency by 44%

September 28, 2024 Bitcoin.com

bitcoin.com

The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to 24.3 against the U.S. dollar. This drastic move addresses rising exchange rate volatility and inflationary pressures that have plagued the economy since August. According to RBZ Governor John Mushayavanhu, the decision was necessary […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Nigerian Currency Plunges After Central Bank Rate Hike

September 26, 2024 Bitcoin.com

bitcoin.com

The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on the official foreign exchange market after the CBN increased the benchmark lending rate by 50 basis points. On the parallel […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Nigeria’s Central Bank Raises Benchmark Rate by 50 Basis Points

September 25, 2024 Bitcoin.com

bitcoin.com

The Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50 basis points to 27.25% and increased the Cash Reserve Ratio (CRR) for banks. These measures aim to combat inflation and stabilize the Nigerian economy. The CBN governor, Olayemi Cardoso, stated that the reforms implemented have restored the bank’s credibility and boosted […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility

September 24, 2024 Bitcoin.com

bitcoin.com

Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensure stable inflation and exchange rates. The zig, a gold-backed currency, has experienced a decline in value against […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Crypto.com Gets Bahrain License, Amber Group Approved in Dubai

September 20, 2024 Bitcoin.com

amber group

Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The approval adds to Crypto.com’s growing list of regulatory approvals worldwide, further solidifying its global presence. Meanwhile, Amber Group’s […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

US Lawmaker Urges Release of Jailed Binance Employee

September 19, 2024 Bitcoin.com

Binance

A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S. and should not be abandoned. Hill expressed concern that the continued detention could strain diplomatic ties between the U.S. and Nigeria. Hill urged […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Defi Platform Delta Prime Loses $4.9 Million in Hack

September 16, 2024 Bitcoin.com

bitcoin.com

According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the attack by taking control of a wallet that is the admin of Delta Prime […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’

Network Latency Drives Solana Validator to South Africa’s Commercial Hub

September 14, 2024 Bitcoin.com

bitcoin.com

Superfast founder Martin Tromp has launched a Solana validator in one of Teraco’s Johannesburg data centers. Solana is a fast, scalable blockchain platform competing with Ethereum. As a proof-of-stake system, validators like Tromp’s play a crucial role in maintaining network security and verifying transactions. Tromp initially launched the validator in Cape Town but moved to […]

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Deutsche Bank Macro Strategist: Trump’s Bitcoin Reserve Is ‘Nothing New’