transactions

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.

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

October 7, 2024 Bitcoin.com

Bitcoin

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially as some provisions retroactively affect transactions since 2018. UAE’s VAT Amendments Introduce Retroactive Tax […]

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Swift to Pilot Digital Asset and Currency Transactions in 2025

October 6, 2024 Bitcoin.com

Asia

Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking […]

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Banks Under Attack As ‘Octo2′ Drains Customers’ Accounts in Secret Smartphone Takeover: Report

October 4, 2024 The Daily Hodl

Account

Hackers have unleashed a highly advanced piece of malware that quietly infects mobile devices, takes control and drains bank accounts without users even noticing. Security researchers at Threat Fabric say “Octo2” is a vastly improved version of a malicious mobile malware that captures users’ banking credentials as they are typed on the screen, allowing hackers […]

The post Banks Under Attack As ‘Octo2′ Drains Customers’ Accounts in Secret Smartphone Takeover: Report appeared first on The Daily Hodl.

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

October 3, 2024 Bitcoin.com

bitcoin.com

Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate […]

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Banks to join SWIFT digital asset trials in 2025

October 3, 2024 Coin Telegraph

Banks

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.

Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.

Source: SWIFT

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Donald Trump uses Bitcoin to buy burgers at NYC bar

September 19, 2024 Coin Telegraph

Bitcoin

Pubkey, a Bitcoin bar in New York City, hosted the former US President and 2024 Republican nominee for a campaign stop on Sept. 18.

Republican Party presidential nominee Donald Trump appeared in a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former US president to use the cryptocurrency in a transaction.

According to a Sept. 18 X post by Pubkey, Trump used Bitcoin (BTC) to purchase hamburgers at the NYC bar. BTC advocate and Professional Capital Management CEO Anthony Pompliano was in attendance at the campaign stop, which was also reported on Trump’s Truth Social account.

The event came less than two days after the Republican nominee announced the launch of a token through the World Liberty Financial crypto platform, run by members of his family. Despite once calling Bitcoin a “scam” and crypto “based on thin air,” Trump has advocated for BTC miners as part of his 2024 campaign and spoken at the Bitcoin 2024 conference in Nashville.

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

September 16, 2024 Bitcoin.com

Bank of Russia

The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […]

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

September 10, 2024 Bitcoin.com

Over Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

bank transfers

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […]

Arthur Hayes Says Bitcoin Primed To Skyrocket to a ‘Numerically Interesting Number’ Before Market Hits Top

Sberbank to Join Russia’s Crypto Settlement Pilot This Fall, Executive Reveals

September 5, 2024 Bitcoin.com

anatoly popov

Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global […]

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