Latest News and Articles about Cryptocurrencies
Bitcoin Outshines Nasdaq 100 in Market Turmoil, Hits New High vs Tech Giants
Bitcoin’s Resilience Shines: Outperforming Nasdaq 100 Amidst Market Downturn In a volatile economic climate, Bitcoin has defied expectations by outperforming the Nasdaq 100, underscoring its potential as a resilient asset in turbulent times. Bitcoin outperforms Nasdaq 100 despite economic downturn U.S. stock market loses $5 trillion in two days Bitcoin reaches new all-time high against […]
Read MoreNigeria’s President Signs Crypto as Securities Law, SEC to Oversee Market
Nigeria’s President Signs Law Classifying Crypto as Securities Nigeria’s President Bola Tinubu has signed the Investments and Securities Act 2024 into law, marking a significant shift in the country’s approach to regulating the cryptocurrency market. This legislation classifies cryptocurrencies as securities, placing them under the oversight of the Nigerian Securities and Exchange Commission (SEC). As […]
Read MoreMillennials and Gen Z Embrace Crypto: WEF Report Highlights High Portfolio Allocations
Crypto Becomes a Staple for Millennial and Gen Z Investors: Insights from WEF Report The World Economic Forum’s 2024 Global Retail Investor Outlook reveals that Millennials and Gen Z are increasingly integrating cryptocurrencies into their investment strategies, often making up a significant portion of their portfolios. Millennials and Gen Z heavily invest in crypto Crypto […]
Read MoreMinnesota Senator Proposes Bitcoin Act: State to Invest in Crypto
Minnesota Senator Proposes Groundbreaking Bitcoin Act “As he did an extensive research on cryptocurrency, he has gone from ‘being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,’” stated Minnesota State Senator Jeremy Miller. This powerful shift in perspective from one of the state’s lawmakers underscores a broader acceptance of […]
Read MoreFrench Central Bank Warns: Trump’s Crypto Endorsement Risks Financial Crisis
French Central Bank Governor Warns: Trump’s Cryptocurrency Support Could Ignite Financial Crisis – French Central Bank Governor warns of financial crisis risk due to Trump’s crypto support. – Political endorsements could destabilize markets and affect regulatory frameworks. François Villeroy de Galhau, the Governor of the French Central Bank, has raised alarms about the potential dangers […]
Read MoreGoldman Sachs Admits Crypto Boosts Banking Competition: Blockchain, AI Key Drivers
Goldman Sachs Acknowledges Crypto’s Rising Impact on Banking Competition In its 2024 Annual Report, Goldman Sachs has openly recognized the competitive pressure from cryptocurrencies and digital assets, marking a pivotal shift in how traditional financial institutions view the burgeoning crypto landscape. Goldman Sachs notes increased competition from crypto products. Blockchain, AI, and electronic trading intensify […]
Read MoreRussia Bypasses Sanctions with BTC, ETH, USDT in Oil Trade with India, China
Russia’s Strategic Pivot: Using Bitcoin, Ethereum, and USDT to Bypass Western Sanctions in Oil Trade Amidst escalating geopolitical tensions, Russia is increasingly using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with India and China, sidestepping Western sanctions and showcasing the disruptive potential of decentralized finance. Russia uses BTC, ETH, and USDT […]
Read MoreUK Police Officer Charged with £3M Bitcoin Theft: A Betrayal of Trust
U.K. Police Officer Charged with Stealing Over £3 Million in Bitcoin In a twist of irony, a UK police officer tasked with fighting crime now faces charges for stealing over £3 million in Bitcoin. Paul Chowles, a 42-year-old operational officer with the UK’s National Crime Agency (NCA), was involved in an investigation into online organized […]
Read MoreCrypto Sanctions Evasion Hits $15.8 Billion in 2024: Iran, Russia Lead
Crypto and Sanctions: $15.8 Billion Used to Circumvent Restrictions in 2024 In 2024, the use of cryptocurrencies to bypass international sanctions has surged to an astonishing $15.8 billion, showcasing the dual nature of decentralized finance. This trend not only highlights the innovative potential of digital currencies but also brings to light significant challenges to global […]
Read MoreUnpacking FUD: How Fear, Uncertainty, and Doubt Impact Crypto Markets
Unpacking FUD: The Fear, Uncertainty, and Doubt in Crypto FUD, or Fear, Uncertainty, and Doubt, is a tactic used in the cryptocurrency world to manipulate markets and spread misinformation. This article explores the concept of FUD, its impact on the crypto space, and how investors can navigate it effectively. FUD: Fear, Uncertainty, and Doubt Common […]
Read MoreHong Kong Aims to Lead Crypto Markets with New Proposals
Hong Kong’s Bold Leap into Virtual Asset Markets: A Legislator’s Vision Hong Kong legislator Li Weihong is pushing for significant expansion in the city’s virtual asset derivatives and futures markets, aiming to bolster its position as a global financial hub. Expanding virtual asset derivatives and futures markets Increasing license approvals for crypto companies Extending trading […]
Read MoreJP Morgan Survey: Only 30% of Institutional Traders Eye Crypto by 2025
Only 30% of Institutional Traders Plan to Invest in Crypto, JP Morgan Survey Reveals Despite the buzz surrounding cryptocurrencies, a surprising 71% of institutional traders plan to steer clear of digital assets, according to a recent JP Morgan e-trading survey. This cautious stance comes as only 30% of these traders are considering investing in crypto […]
Read MoreCryptocurrencies Revolutionize Remittances: Faster, Cheaper, and More Secure
How Cryptocurrencies Transformed The Remittances Landscape Cryptocurrencies have reshaped the remittances landscape, offering faster, cheaper, and more secure ways to send money across borders. This transformation is critical for millions reliant on these financial lifelines, promising a future where traditional barriers are dismantled. Cheaper, faster, and more secure transactions Global remittance market growth potential Enhanced […]
Read MoreLavenhill Securities Embraces Crypto and Blockchain, Inspired by SpaceX’s $350B Success
Lavenhill Securities Limited Leverages SpaceX Momentum to Explore Cryptocurrencies and Blockchain Technology Lavenhill Securities Limited, inspired by SpaceX’s innovative spirit, is venturing into the world of cryptocurrencies and blockchain technology to revolutionize global financial solutions. Inspired by SpaceX’s success Aims to simplify cross-border transactions Focus on enhancing DeFi with AI Commitment to security, transparency, sustainability […]
Read MoreSenator Cynthia Lummis Proposes U.S. Bitcoin Strategic Reserve to Lead in Digital Currency
Senator Cynthia Lummis Proposes U.S. Bitcoin Strategic Reserve Senator Cynthia Lummis, a staunch advocate for Bitcoin in the U.S. Senate, has introduced a revolutionary proposal to establish a Bitcoin Strategic Reserve for the country. This initiative aims to make the U.S. a leader in the digital currency realm, signaling a shift towards incorporating cryptocurrencies into […]
Read MoreUtah’s Bold Leap: Up to 5% of Public Funds to Invest in Crypto Assets
Utah Dives into Crypto Pool: State Funds Set to Invest in Digital Assets Utah is making a bold move by advancing HB 230, the Blockchain and Digital Innovation Amendments, allowing up to 5% of public funds to be invested in digital assets like cryptocurrencies and stablecoins, sparking a national conversation on state-backed crypto investments. Utah […]
Read MoreFed Chair Powell: Banks Can Serve Crypto Clients with Proper Risk Management
Fed Chair Jerome Powell: Banks Are Perfectly Able to Serve Crypto Customers, If They Manage Risks Jerome Powell, the Chair of the Federal Reserve, recently offered a glimpse into the central bank’s stance on the burgeoning relationship between traditional financial institutions and the volatile world of cryptocurrencies. His remarks underscore a cautious optimism, ensuring that […]
Read MorePulaski Savings Bank Closes: First 2025 Failure Due to Suspected Fraud
First Bank Failure of 2025: Pulaski Savings Bank Shuts Down Amid Suspected Fraud Pulaski Savings Bank in Illinois kicked off 2025 by becoming the first bank to fail this year, shut down by US authorities amid allegations of fraud. Pulaski Savings Bank closed by Illinois banking regulators FDIC steps in as receiver Assets transferred to […]
Read MoreBank of America’s CEO: Crypto Adoption Depends on Clear Regulations
Bank of America CEO Signals Crypto Adoption Hinges on Regulatory Clarity Can banks and cryptocurrencies coexist? Bank of America’s CEO thinks so, but there’s a catch. Bank of America’s crypto adoption hinges on regulatory clarity. Non-anonymous, verified transactions emphasized. Blockchain investments by Bank of America continue. At the World Economic Forum in Davos, Switzerland, Bank […]
Read MoreBank of America Ready for Crypto Payments Awaits Regulatory Nod
Bank of America CEO Eyes Crypto Payments Pending Regulatory Approval Bank of America CEO Brian Moynihan has hinted at the bank’s readiness to integrate cryptocurrencies into its payment systems, contingent on regulatory approval. This development signals a shift in traditional banks’ attitudes towards crypto, with potential executive orders and regulatory changes on the horizon. Bank […]
Read MoreOxbridge Adds Bitcoin and Ethereum to Reserves: A Leap into Crypto Innovation
Oxbridge Approves Bitcoin and Ethereum as Treasury Reserve Assets, Enhancing Financial Innovation Oxbridge, a prestigious educational institution, has made headlines by adding Bitcoin and Ethereum to its treasury reserves, marking a significant embrace of cryptocurrencies in the academic world. Oxbridge adds Bitcoin and Ethereum to its treasury reserves. Move signifies acceptance of cryptocurrencies in education. […]
Read MoreScott Bessent Opposes U.S. CBDC: Trump’s Treasury Pick Signals Policy Shift
Scott Bessent Rejects U.S. CBDC: Implications for Trump Administration’s Financial Policy – Scott Bessent opposes U.S. CBDC – Federal Reserve exploring CBDCs since 2021 – Potential shift in U.S. financial policy Should the U.S. adopt a central bank digital currency? Scott Bessent, Trump’s Treasury Secretary pick, says no. At his Senate Finance Committee hearing, Bessent […]
Read MoreS&P Global Predicts $850 Billion Bank Credit Losses in 2025: Crypto as an Alternative
$850 Billion in Credit Losses Looming Over Banks in 2025, S&P Global Warns Banks worldwide are bracing for a staggering $850 billion in credit losses in 2025, according to S&P Global. Despite an overall improving economic situation, the global banking sector faces significant challenges, with potential impacts reaching beyond traditional finance into the world of […]
Read MoreSingapore’s New Law Grants Police Power to Freeze Bank Accounts for Up to 180 Days in Anti-Scam Push
Police Gain New Powers to Freeze Bank Accounts in Singapore’s Fight Against Scammers In the first half of 2024, Singapore witnessed a staggering 26,587 scam cases, prompting the country to take decisive action with the “Protection from Scams” bill. Here’s the deal: this new law grants police the authority to freeze bank accounts suspected of […]
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