Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows. Source: https://cointelegraph.com/news/bitcoin-targets-70k-stablecoin-inflows-china-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
7 confusing crypto terms (almost) nobody understands
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them. Source: https://cointelegraph.com/news/crypto-terms-confusing-sharding-rollups?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Founder CZ Released From US Custody After Serving 4-Month Sentence
Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans […] Source: https://news.bitcoin.com/binance-founder-cz-released-from-us-custody-after-serving-4-month-sentence/
Crypto Veteran Says Decentralized AI Reduces Bias and Manipulation Risks
Albert Castellana, co-founder and CEO of Yeager.ai, believes artificial intelligence (AI) can propel blockchain-based applications beyond simple, static contracts. AI integration unlocks “much more subjective decision-making,” opening doors to entirely new use cases, he argues in written responses to Bitcoin.com News questions. Risks Associated With Centralized AI Models Castellana said he envisions developers creating applications […] Source: https://news.bitcoin.com/crypto-veteran-says-decentralized-ai-reduces-bias-and-manipulation-risks/
Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled?
Fintech heavyweights Robinhood, a U.S. investing app, and Revolut, a crypto-friendly neobank based in London, are considering launching their own stablecoins, unnamed sources told Bloomberg this week. The giants are eyeing the stablecoin market at a time when Tether (USDT), with its $119 billion market capitalization, accounts for roughly 68% of the $173.5 billion category. With Europe offering clearer regulatory…
Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD
According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for […] Source: https://news.bitcoin.com/cryptocurrency-purchases-soar-in-brazil-12-37-billion-spent-ytd/
John Deaton vows to fight federal CBDC, calls it ’a hill to die on’
John Deaton discusses his stance on the Federal Reserve CBDCs, regulatory clarity, and government accountability in his Senate run. Source: https://cointelegraph.com/news/john-deaton-crypto-senate-massachusetts-cbdc-opposition-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Fear & Greed Index Jumps Back into Greed Territory
August had an average rating of “Fear” on the Crypto Fear and Greed Index hitting a yearly low of 17 on Aug. 6. Source: https://cointelegraph.com/news/crypto-fear-greed-index-back-into-greed-territory?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil. Source: https://cointelegraph.com/news/howard-lutnick-urges-bitcoin-commodity-status-regulatory-action?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Putin: Russia Examining Digital Currencies for Independent Payments
Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with the current financial system. Russian President Acknowledges Relevance of Digital Currencies for […] Source: https://news.bitcoin.com/__trashed-3/