Month: September 2024

A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. Russian Firms Explore […] Source: https://news.bitcoin.com/select-group-of-russian-firms-authorized-to-use-crypto-for-chinese-imports-amid-sanctions/

Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju, […] Source: https://news.bitcoin.com/cryptoquant-ceo-expects-crypto-market-to-skyrocket-with-czs-return-bullish-vibes-everywhere/

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […] Source: https://news.bitcoin.com/us-license-expiration-imperils-russia-china-trade-in-chinese-yuan/

Worldcoin has expanded its orb verifications to Guatemala, Poland, and Malaysia amidst a wave of concerns regarding the dangers of artificial intelligence and the difficulty of identifying bots and humans online. The organization also debuted a new tech called Face Auth, which allows apps to check if the previously registered person is the one using […] Source: https://news.bitcoin.com/worldcoin-launches-in-guatemala-poland-and-malaysia-introducing-face-auth/

According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors contributing to the uptick, including economic support from China and interest rate expectations in the United States and Japan. Global […] Source: https://news.bitcoin.com/qcp-capital-risk-assets-rise-on-global-stimulus-outlook/

With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.’ Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober’ on the Horizon: Bitcoin Looks to Buck September’s Bearish History As of Saturday, Sept. 28, 2024, […] Source: https://news.bitcoin.com/bitcoin-eyes-a-positive-finish-to-september-setting-the-stage-for-uptober/