Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as […]
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers were conducted earlier on July 4. The trustee had previously announced that
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet Read More »
A recent study has found that cryptocurrency ownership is associated with belief in conspiracy theories and “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism (collectively known as the “Dark Tetrad”). The research highlights the diverse political identities of crypto owners and their aversion to authoritarianism. Study Reveals Political and Psychological Traits of Cryptocurrency
Crypto Owners More Likely to Have ‘Dark’ Traits, Study Shows Read More »
South Africa’s financial services industry regulator announced on July 2 that it had approved an additional 63 crypto asset service provider license applications. The Financial Sector Conduct Authority (FSCA) has received a total of 383 applications, with only five being declined. Notably, the approvals do not mean crypto assets are recognized as a legal form
South Africa Approves 63 Crypto Asset Service Provider License Applications Read More »
A crypto influencer recently praised a Nigerian student who agreed to return Solana tokens worth several thousand dollars that were mistakenly sent to his crypto wallet. After the influencer revealed the incident, well-wishers in the crypto community, impressed by the student’s honesty, began sending tips to his crypto wallet. Influencer: Incident Highlights Hope for Crypto
Nigerian Student Returns 90 Mistakenly Sent Solana Tokens, Rewarded for Honesty Read More »
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over $5 million. Kavak Bets on Tokenized Debt
Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business Read More »
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment on Monday, finding that the defendants misrepresented the performance of their crypto funds, operated a
CFTC Wins Case Against Crypto Fund Operators Read More »
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned ongoing efforts to
Russian Central Bank Suggests Using Crypto to Counter Western Sanctions Read More »
Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the
Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap Read More »
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US Read More »
