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(Crypto News)-02/05/2024Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to renew a license that had eased restrictions. Essentially, this led to reimposed sanctions […]

(Coin Telegraph)-02/05/2024Reporting from CoinShares highlighted a weekly $435 million outflow from cryptocurrency investment products in the week ending April 26. Crypto exchange-traded products (ETPs) have now experienced outflows for the third consecutive week as Bitcoin price remains rangebound in the low $60,000 range.Bitcoin funds led outflows, with $423 million exiting the market after the halving event, while Ether investment products […]

(Coin Telegraph)-02/05/2024There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader Peter Brandt.Of course, many other price models and predictors suggest Bitcoin is still far from its cycle peak and could instead top out at the $210,000 mark […]

(Coin Telegraph)-02/05/2024Amid increasing Bitcoin use for day-to-day purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23. Three days after stepping into the new halving cycle on April 20, the Bitcoin network processed over 1.6 million unique transactions between sender and receivers.Comparing data from Blockchain.com and Glassnode shows a direct correlation between the launch of Bitcoin Runes — […]

VoluMint addresses market-making challenges with a decentralized, AI-powered service, enhancing liquidity with reduced fees and a unique trading bot.In crypto, small and medium-sized projects often find themselves at a crossroads, grappling with the high costs of market-making services crucial for sustaining liquidity and trading volume. Limited access to market-making services puts projects at risk of delisting […]

(Reuters)-17/04/2024A rally in the US dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks.The US dollar index .DXY , which measures the greenback against a basket of six major currencies, is up 4.6% this year and stands near its […]

(Reuters)-17/04/2024HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said.The Asia-focused lender started the layoffs on Tuesday in the region, when it notified around a dozen bankers.HSBC did not respond to […]

(Coin Telegraph)-17/04/2024Microsoft continues its expansion into global artificial intelligence (AI) with a strategic partnership and $1.5 billion investment in the Abu Dhabi-based AI tech holding company, G42. In an announcement on April 16, Microsoft explained that the investment aims to propel AI development forward and expand the accessibility of cutting-edge technologies in both the United Arab Emirates (UAE) […]

(Coin Telegraph)-17/04/2024The cryptocurrency market took a beating in 2022, falling more than 70% during a time when the industry made headlines around the world for all the wrong reasons — from FTX’s bankruptcy and Sam Bankman-Fried’s arrest to the $50 billion collapse of the Terra ecosystem.The United States also saw inflation hit a 40-year high […]

(Coin Telegraph)-17/04/2024The upcoming Bitcoin halving could lead to a greener Bitcoin mining network with more sustainable energy sources.With Bitcoin block rewards set to be cut from 6.25 BTC to 3.125 BTC, paired with a continually increasing Bitcoin hash rate, the profitability of mining firms could take a hit.In turn, this could lead miners to search for greater […]

(Coin Telegraph)-17/04/2024Three recently approved spot Bitcoin exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether […]

(Coin Telegraph)-17/04/2024The United Kingdom Treasury intends to present a regulatory framework for crypto assets and stablecoins by July, with the aim of encouraging local innovation in digital assets and blockchain technology.The U.K.’s economic secretary to the Treasury, Bim Afolami, revealed the government’s ongoing drive to lay the groundwork for revamping the country’s payments landscape while speaking at […]

(Reuters)-27/03/2024Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters.The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT’s […]

(Reuters)-27/03/2024Ratings agency S&P Global on Tuesday downgraded five regional U.S. banks to due to their commercial real estate (CRE) exposures, in a move likely to reignite investor concerns about the health of the sector.The ratings agency downgraded First Commonwealth Financial (FCF.N), opens new tab, M&T Bank (MTB.N), opens new tab, Synovus Financial (SNV.N), opens new tab, Trustmark (TRMK.O), opens […]

(Coin Telegraph)-27/03/2024The fifth-largest Bitcoin holding address — also dubbed “37X” — has moved over $6 billion worth of BTC to three new addresses for the first time since 2019.The Bitcoin whale transferred nearly its entire balance of 94,500 Bitcoin, worth $6.05 billion, on March 23, leaving only 1.4 BTC in the initial address, according to a […]

(Coin Telegraph)-27/03/2024The Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network has released the results of the second phase of sandbox testing for its central bank digital currency (CBDC) interlinking solution, which it calls a connector. The project looked at four use cases, not all of which involved CBDC, according to the report it released on the test […]