Month: April 2024

PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC […] Source: https://news.bitcoin.com/venezuelan-state-oil-company-to-accelerate-usdt-adoption-for-settlements-tether-vows-to-uphold-ofac-sanctions/

As scrutiny over the misuse of Tether’s USDT stablecoin intensifies, the company pledges to take decisive action against addresses linked to sanctions violations. Tether, the issuer of the popular USDT stablecoin, has announced its commitment to freezing any addresses associated with sanctioned entities. This proactive stance follows reports indicating the exploitation of USDT tokens by certain state actors to evade…

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The oil industry in Venezuela will soon be back under U.S. sanctions after a six-month pause, and the economic impact has reportedly driven the South American nation to accelerate its adoption of cryptocurrency in oil trading. As part of efforts to encourage Venezuelan leadership to conduct a fair presidential election in July, the U.S. implemented General License 44, which authorized…

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On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin smart contracts by minimizing reliance on intricate cryptographic techniques. However, Bitcoin developer Luke Dashjr has labeled the […] Source: https://news.bitcoin.com/controversy-swirls-around-bitcoins-bip-420-push-behind-opcode-isnt-in-good-faith-says-developer/

Outspoken Cardano founder Charles Hoskinson surprised Crypto Twitter last week when he announced his “first game is coming out,” alongside a trailer for a game launching on blockchain gaming platform Gala. When one user asked about it, Hoskinson simply replied, “I have six companies.” With Voyager: Ascension out today on Gala’s new GalaChain network, now we know a bit more…

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Turnkey, a company specializing in building wallet infrastructure for blockchain developers, announced a successful $15 million Series A funding round led by Lightspeed Faction and Galaxy Ventures. Founded by former Coinbase (NASDAQ:COIN) employees who contributed to the development of the U.S. crypto exchange’s custody service, Turnkey aims to assist application developers in constructing user-friendly blockchain wallets. The funding round, disclosed…

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We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The U.S. Securities and Exchange Commission has delayed giving a decision on spot Ethereum exchange-traded fund (ETF) proposals from both Grayscale Investments and Wall Street giant…

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In its latest offensive legal move against government regulators, the Blockchain Association, a prominent crypto industry lobbying group, sued the U.S. Securities and Exchange Commission (SEC) on Tuesday for expanding an existing legal definition of the word “dealer” to apply to decentralized finance (DeFi) users and projects.  “The Dealer Rule represents simply the latest example of the Commission’s attempts to…

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The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA’s research report provides several predictions for short and long-term trends. Fidelity Digital Assets Spotlights Bitcoin and Ethereum Market Shifts in New […] Source: https://news.bitcoin.com/fidelity-digital-assets-signals-report-revises-bitcoin-outlook-to-neutral/

The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […] Source: https://news.bitcoin.com/blackrock-bitcoin-etf-sees-70-straight-days-of-inflows-holdings-near-274k-btc/