Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […] Source: https://news.bitcoin.com/binance-to-halt-tron-usdc-trading-following-circles-move-away/
After sinking as low as $63,000 over the weekend, Bitcoin has rebounded and posted a 3% gain to start the week. At the time of writing, the Bitcoin price is $66,964. Despite its 2.5% dip over the past week, BTC has still managed to surge 31% in the past month thanks to bullish momentum from traders. There’s now less than…
Mantra, the Layer 1 blockchain for real-world assets (RWA), recently raised $11 million in an investment round that was led by Shorooq Partners. Mantra said the raised funds will also be used to provide developers with the tools they need to create RWA protocols and to expand the tokenization of these assets. Scaling Real-World Asset […] Source: https://news.bitcoin.com/layer-1-blockchain-mantra-secures-11-million-from-latest-investment-funding-round/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Central Bank of Chile will keep experimenting with CBDC, Argentina’s VASPs will have to register to provide services in the country, and Argentines are warming up to bitcoin as an investment instrument. […] Source: https://news.bitcoin.com/latam-insights-chile-to-keep-advancing-cbdc-tests-argentina-debuts-vasp-registry/
Democratic Republic of Congo (DRC)-based fintech startups have partnered with the government to launch an association. The goal of the collaboration is to accelerate financial inclusion in the African country. By partnering with the government, the association will play a crucial role in shaping “policies that encourage investment, competition, and access to financial services.” Bolstering […] Source: https://news.bitcoin.com/congolese-fintech-startups-government-form-association-to-accelerate-financial-inclusion/
Skybridge Capital founder Anthony Scaramucci has advised bitcoin investors to act like they are dead with their coins and not sell them. “Don’t do anything with it,” he recommended, emphasizing: “The dead people at Charles Schwab do far better than the living people.” Anthony Scaramucci’s Bitcoin Investing Advice Skybridge Capital founder Anthony Scaramucci offered some […] Source: https://news.bitcoin.com/skybridge-capital-founder-advises-act-like-youre-dead-with-your-bitcoin-and-dont-sell/
Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […] Source: https://news.bitcoin.com/jpmorgan-bitcoin-still-overbought-despite-price-drop/
Erroneous early reporting and discussions on X about the European Union’s approach to cryptocurrency anonymity have been clarified by industry expert Patrick Hansen, stating that the EU’s Anti Money Laundering Regulation (AMLR) targets broader anti-money laundering (AML) and counter-terrorism financing (CFT) efforts across various sectors, including crypto, without singling out cryptocurrencies for special regulation. Contrary […] Source: https://news.bitcoin.com/patrick-hansen-clarifies-eu-regulation-misinformation-no-ban-on-self-hosted-wallets/
A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China might be a driving force behind increasing gold prices, as the country moves to hoarding gold to […] Source: https://news.bitcoin.com/report-china-could-be-hoarding-over-5300-tonnes-of-gold-might-create-price-perfect-storm/
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […] Source: https://news.bitcoin.com/turkish-citizens-seek-refuge-in-gold-and-stablecoins-amid-surging-67-inflation-rate/
