Month: March 2024

PRESS RELEASE. Orleans, France, March 1st, 2024, Chainwire. Cloud Binary Server unveiled its innovative cloud infrastructure services, designed to provide a cost-efficient and dedicated server solution for both businesses and individuals. Leveraging a Telegram bot, the platform simplifies the purchase of cloud infrastructure, bypassing complex setups and the need for in-depth technical understanding, thus widening […] Source: https://news.bitcoin.com/revolutionizing-cloud-solutions-introducing-cloud-binary-server/

Bitcoin is starting the week above $65,000 and just 6% away from the all-time high price of $69,044 it set on November 10, 2021. At the time of writing, the Bitcoin price is $65,037.24. That means the price has climbed 6% since yesterday and posted a remarkable 27% gain in just the past week, according to CoinGecko data. And if…

Continue Reading→

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize central bank money issuance. El Salvador Won’t Sell […] Source: https://news.bitcoin.com/latam-insights-el-salvador-wont-sell-its-bitcoin-bitcoin-spot-etfs-land-in-brazil-and-peru/

The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech businesses. Crypto Industry Generates More Revenue than Fintech Companies Indonesia’s Commodity Futures Trading Supervisory Agency […] Source: https://news.bitcoin.com/indonesias-commodities-regulator-requests-finance-ministry-to-review-crypto-taxes/

Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of “investment contract” might preempt state legislation. Montana and Seven […] Source: https://news.bitcoin.com/montana-blasts-sec-regulatory-power-grab-in-krakens-case-crypto-assets-are-not-automatically-securities/

Binance, a leading cryptocurrency exchange, has denied allegations made by a Nigerian government official that it is facing a $10 billion fine. While Binance maintains its commitment to fostering a positive relationship with the Nigerian government, it firmly states that it will not succumb to pressure to pay for the release of its detained executives. […] Source: https://news.bitcoin.com/binance-claims-ignorance-of-10-billion-fine-imposed-by-nigerian-government/

Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who […] Source: https://news.bitcoin.com/former-coinbase-cto-balaji-srinivasan-bitcoin-is-a-political-revolution/

The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in […] Source: https://news.bitcoin.com/stablecoin-sector-sees-3-26-billion-growth-spurt-tether-nears-100b-milestone-usde-supply-swells-by-374/

Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. His prediction of an electronic currency facilitating anonymous transactions has become a cornerstone in understanding the evolution of digital finance. Ahead of His Time: How Milton Friedman Envisioned Bitcoin Before the conceptualization of Satoshi […] Source: https://news.bitcoin.com/milton-friedmans-1999-vision-predicting-bitcoin-before-the-digital-age-dawned/

In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented […] Source: https://news.bitcoin.com/1-million-per-btc-by-2033-predicting-bitcoins-price-trajectory-using-the-power-law-model/