In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a six-month winding-down process starting from May 7, 2024. Effective immediately, all new signups and ad postings are disabled, and […] Source: https://news.bitcoin.com/p2p-xmr-exchange-localmonero-agoradesk-announces-closure-after-seven-years-of-operation/
Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community. Source: https://cointelegraph.com/news/local-monero-exchange-shuts-down-crypto-privacy-services-dwindle
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports reached $4.69 billion in Q1 2024, rising by 118% compared to the numbers registered in Q1 […] Source: https://news.bitcoin.com/cryptocurrency-imports-in-brazil-break-records-and-begin-to-affect-trade-balances/
The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.” Source: https://cointelegraph.com/news/bitcoin-trading-indicators-funding-rate-annualized-basis-rate-bullish-signal
SEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the overall financial market. Source: https://cointelegraph.com/news/gary-gensler-sec-gets-asked-too-many-crypto-questions
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor Updates Digital Rupee Progress During an event hosted by the […] Source: https://news.bitcoin.com/india-working-on-offline-transferability-of-digital-rupee-says-central-bank-governor/
Under the plan, 98% of FTX creditors will get at least 118% of their claims back — the remainder will receive all of their claims “plus billions in compensation,” says FTX. Source: https://cointelegraph.com/news/ftx-plans-full-creditor-pay-back-plus-billions-compensation
Leading crypto asset manager Grayscale has abandoned its plan to offer an exchange-traded fund (ETF) for Ethereum futures, withdrawing its rule change application to the Securities and Exchange Commission (SEC) on Tuesday. The notice of withdrawal for the proposed Grayscale Ethereum Futures Trust ETF does not articulate why Grayscale changed its plans, only recounting the multiple delays invoked by the…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it is “an outsized piece of the scams […] Source: https://news.bitcoin.com/sec-chair-gary-gensler-calls-crypto-outsized-piece-of-scams-frauds-and-problems-in-our-markets/
A Bitcoin “epic satoshi,” or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April—around $2.1 million at the time. Now it has been used to inscribe an Ordinals asset with music and the AI-generated voice of Canadian electronic pop artist Grimes (aka Claire Boucher). An “epic satoshi,” or “epic sat,” is an…
