Cryptocurrency Market

  • Market Cap: $3,353,164,805,952.79
  • 24h Vol: $61,786,240,679.11
  • BTC Dominance: 57.44%

China

coinbase-sees-strong-q4-for-bitcoin,-fueled-by-us-rate-cuts,-china-stimulus

Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus

Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs). Coinbase: ‘We Anticipate a Constructive Q4 2024’ […]

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us-miners-gain-ground-as-chinese-pools-lead-bitcoin-hashrate:-cryptoquant

US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant

According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to

US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant Read More »

brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit Read More »

brics-beats-dollar-dependence:-national-currency-settlements-exceed-usd-payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments Read More »

china-moves-to-address-crypto-money-laundering-activities-with-new-law-draft-revision

China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision

China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money laundering law draft revision, which will establish additional requirements for monitoring tech-related new money laundering risks. China to Address Crypto Money

China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision Read More »

saudi-minister-hints-at-86-million-tonnes-of-petroyuan-adoption,-states-country-is-‘open-to-new-ideas’

Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’

Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce. This hints at the yuan’s adoption for this purpose.

Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’ Read More »

top-10-l1-chains,-hamster-kombat-token-airdrop-performance,-and-more-—-week-in-review

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review

Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced

Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review Read More »

bilateral-settlement-between-china-and-russia-worsens-due-to-new-sanctions

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise.

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions Read More »

payments-in-national-currencies-surge-to-92%-among-sco-members

Payments in National Currencies Surge to 92% Among SCO Members

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen

Payments in National Currencies Surge to 92% Among SCO Members Read More »

china-and-russia-push-for-increased-local-currency-use-in-trade,-deepen-brics-cooperation

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation Read More »