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  • Market Cap: $2,675,703,639,685.81
  • 24h Vol: $85,111,090,853.09
  • BTC Dominance: 58.52%

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digital-yuan-app-drops-‘pilot’-description,-hints-at-change-to-production-ready-status

Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status

Leave a Comment / Bitcoin, CBDC, China, Crypto, Crypto Hacked, Cryptocurrency, Digital Yuan, Ethereum, News, Pilot status / / / , , , , , ,

The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its […]

Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status Read More »

sleeping-bitcoins-worth-$13.87m-move-after-11-years,-transfer-exposes-2013-whale

Sleeping Bitcoins Worth $13.87M Move After 11 Years, Transfer Exposes 2013 Whale

Leave a Comment / Bitcoin, Bitcoin Transactions, BTC, Crypto, Crypto Hacked, Cryptocurrency, dormant funds, Ethereum, legacy wallets, News, sleeping bitcoins, vintage coins / / / , , , , , , , , ,

According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition. Spending 200 Bitcoin Unveils Previous Transactions From 2013 On Monday,

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latam-insights:-paraguay-shuts-down-largest-illegal-bitcoin-mining-farm-to-date,-argentina-and-el-salvador-discuss-bitcoin

Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin

Leave a Comment / Argentina, Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, El Salvador, Ethereum, Jack Dorsey, latam, Mining, News, Ocean mining, Paraguay / / / , , , , , , , , , ,

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down

Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin Read More »

charlie-munger-raises-concerns-over-troubled-commercial-property-loans-at-us-banks

Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks

Leave a Comment / American Banks, bank investments, Banking system, Berkshire Hathaway, Bitcoin, Charlie Munger, commercial real estate loans, Crypto Hacked, Cryptocurrency, Ethereum, Financial Crisis, Jim Bianco, loan quality, News, Optimism, troubled properties, undercapitalization / / / , , , , , , , , , , , ,

Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal government. Despite the potential challenges, Munger emphasized that the

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jpmorgan-chase-assumes-control-of-first-republic-bank-following-seizure-by-california-regulators

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

Leave a Comment / Bank Failure, Banking Industry, Bitcoin, california, Crypto Hacked, Cryptocurrency, deposit insurance, DFPI, Ethereum, FDIC, Financial Troubles, First Republic Bank, JPMorgan Chase, News, Signature Bank, Silicon Valley Bank, Silvergate Bank, U.S. financial system / / / , , , , , , , , , , , , ,

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid

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latam-insights-—-steve-hanke-advocates-dollarization-in-argentina,-bitcoin-city-plans-unclear-in-el-salvador,-sunacrip-implicated-in-venezuela-layoffs

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs

Leave a Comment / argetina, Bitcoin, Bitcoin City, Crypto Hacked, Cryptocurrency, dollarization, El Salvador, Ethereum, Joselit Ramirez, latam, Nayib Bukele, News, Steve Hanke, venezuelan / / / , , , , , , , , ,

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke

Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs Read More »

paypal-upgrades-crypto-services-to-60-million-venmo-users,-allowing-transfers-to-external-wallets-and-exchanges

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, Exchanges, external wallets, Fintech, incentives, Investments, News, Payments, Paypal, transfers, Venmo / / / , , , , , , , , , , , ,

After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency

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first-republic-bank-faces-potential-takeover-by-fdic-amidst-financial-struggles

First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles

Leave a Comment / alternative solutions, Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, FDIC, financial struggles, First Republic Bank, High-Net-Worth Individuals, JPMorgan Chase, large commercial banks, low-interest mortgages, News, PNC Bank, potential takeover, rising interest rates, Uninsured Deposits / / / , , , , , , , , , , , ,

According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC

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netflix-star-driving-bitcoin-adoption-with-porsche-flying-el-salvador-flag

Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag

Leave a Comment / 911, adoption, Bitcoin, Bitcoin Racing, Crypto, Crypto Hacked, Cryptocurrencies, Cryptocurrency, driver, El Salvador, Ethereum, GT3, Netflix, News, porsche, Porsche Carrera Cup, racing team, Salvadoran, Sebastian Melrose / / / , , , , , , , , , , , , , , , ,

Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing Team Joins Porsche Carrera Cup With Netflix Celebrity in the

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bitcoin-blockchain-surpasses-2-million-ordinal-inscriptions-milestone-in-just-over-4-months

Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months

Leave a Comment / Bitcoin, Bitcoin Blockchain, Bitcoin Stamps, blockchain technology, bug, Collections, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, litecoin, Market Trends, News, NFTs, Ordinal inscriptions, trading / / / , , , , , , , , , , , ,

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to

Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months Read More »