Yury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses, stating that it would be convenient, cost-effective, and “free […] Source: https://news.bitcoin.com/kremlin-reveals-plans-to-create-a-politics-free-brics-blockchain-based-payments-system/
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained, adding that bitcoin is “a great store of value.” […] Source: https://news.bitcoin.com/mark-cuban-bitcoin-demand-to-outpace-supply-btc-is-a-great-store-of-value/
Federal Reserve Chair Jerome Powell stated before the Senate Committee on Banking, Housing, and Urban Affairs that the United States is far from adopting or even recommending the introduction of a central bank digital currency (CBDC), emphasizing a significant distance from such a possibility. He assured that any potential CBDC would not be designed for […] Source: https://news.bitcoin.com/jerome-powell-clarifies-us-far-from-introducing-a-central-bank-digital-currency/
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has cautioned about crypto investing. “This is a highly speculative asset class. One could just look at the volatility of bitcoin in the last few days,” he stressed, warning that thousands of crypto tokens may be securities. Gary Gensler’s Crypto Investment Warning The chairman of the […] Source: https://news.bitcoin.com/sec-chair-gensler-cautions-about-crypto-investing-warns-thousands-of-crypto-tokens-may-be-securities/
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […] Source: https://news.bitcoin.com/on-chain-analysis-reveals-tesla-has-11509-bitcoins-and-spacex-owns-8285-btc-says-arkham/
Do you hold one of the nearly 400,000 wallets eligible for Wormhole’s upcoming W token airdrop? If not, you might consider joining the thousands of Solana degens that took an “L”—or rather, who are trading the L token. Launched less than 24 hours ago by unknown parties, the Lormhole (L) token on Solana is a tried-and-true meme coin, turning a…
In a landmark achievement for the cryptocurrency sector, Transak has become the first global on/off-ramp service to secure SOC 2 Type 2 compliance. The firm explained to Bitcoin.com News that the accomplishment underscores the company’s commitment to data security and customer trust, paving the way for broader Web3 industry collaborations with heavily-regulated companies worldwide. Transak […] Source: https://news.bitcoin.com/transak-achieves-industry-first-soc-2-type-2-compliance-in-crypto-sector/
As the price of Bitcoin hits new highs, the bullish numbers aren’t good for everyone—and could be a sign of a bubble that frightens the Fed. That’s according to JPMorgan Chase & Co.’s chief market strategist Marko Kolanovic, who reportedly said in a research note that the surge of the biggest digital asset and related may stop the Federal Reserve…
When Bitcoin’s price quickly crashed after setting a new all-time high price on Tuesday, many cryptocurrencies followed suit—including most of the prominent gaming tokens. But with Bitcoin rising back to $68,000 and Ethereum edging closer to $4,000, gaming coins are hot again. Tokens tied to crypto games and gaming networks are broadly in the green today, according to data from…
Crypto investors are delighted over Bitcoin’s immense gains this year, rising 50% less than two months after the approval of U.S. Bitcoin spot ETFs in January. Yet those gains may also be a source of uncertainty – especially for traders. Until this week, Bitcoin had never broken the highs of a prior bull market top until several months after its…
