A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to Coingecko, forecasts that crypto trading volumes in the region will reach $7.82 trillion in 2024, with Brazil and Chile being the […] Source: https://news.bitcoin.com/coinwire-report-latam-to-more-than-double-its-crypto-trading-levels-this-year/
In the latest legal salvo between the Securities and Exchange Commission and Coinbase, lawyers for the regulator have complained the crypto exchange is “overreaching” in its efforts to subpoena emails from its chairman, Gary Gensler. Court documents filed on Monday show the SEC is claiming Coinbase’s request for further documents and evidence is “disproportional” to the needs of the case.…
The regulator claims that Coinbase’s document discovery requests are overly broad and disproportionate to the needs of the case. Source: https://cointelegraph.com/news/sec-pushes-back-against-coinbase-overly-broad-discovery-requests?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OpenAI co-founder John Schulman says he’s leaving OpenAI to focus more intently on AI alignment and “hands-on technical work” at rival firm Anthropic. Source: https://cointelegraph.com/news/open-ai-co-founder-departs-ai-rival-anthropic?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin has regained some of its losses from Sunday’s sharp sell-off that caught traders and market participants off guard, where the asset sunk to its lowest point in almost six months. The world’s largest crypto fell 20% from Saturday through Monday, extending a 6% dip on Friday that saw Bitcoin drop to as low as $49,200. It has since climbed…
The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022. Source: https://cointelegraph.com/news/bitcoin-extreme-fear-etfs-168-million-outflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s […] Source: https://news.bitcoin.com/fedwatch-tool-and-polymarket-point-to-highly-probable-rate-cuts-by-the-fed/
Why did the crypto market lose 15% of its value in one weekend? Thank the Bank of Japan for playing a starring role. Source: https://cointelegraph.com/news/how-the-yen-carry-trade-wiped-out-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run. Source: https://cointelegraph.com/news/bitcoin-decline-similar-2016-bull-run-peter-brandt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by […] Source: https://news.bitcoin.com/google-pay-amazon-pay-walmart-backed-phonepe-eye-entry-into-rbis-digital-rupee-program/
