Chinese chip manufacturer Xiamen Sophgo has denied having any business relationship with Huawei after being cut off by Taiwan Semiconductor Manufacturing Company. Source: https://cointelegraph.com/news/bitmain-linked-firm-denies-supplying-ai-chips-to-huawei?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week. Source: https://cointelegraph.com/news/bitcoin-etfs-primed-cross-1-million-btc-mark-ahead-bullish-november?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services
Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. First Bank in Bolivia Introduces USDT Services […] Source: https://news.bitcoin.com/bolivia-ramps-up-stablecoin-adoption-as-bank-debuts-usdt-services/
1inch, Bruce Lee family launch ‘seriousLee’ DeFi campaign
1inch has teamed up with the Bruce Lee Family Company for the “Take crypto seriousLee” campaign, merging DeFi and Lee’s legacy to shift public perception of cryptocurrencies. Source: https://cointelegraph.com/news/1inch-bruce-lee-family-defi-adoption-seriouslee-campaign?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Disappearing Satoshi statue in Lugano took 21 months to create, says artist
Valentina Picozzi, an Italian artist, and orthodontist, became a Bitcoiner in 2012 and has been an activist artist since. Source: https://cointelegraph.com/news/disappearing-satoshi-statue-unveiled-lugano-at-swiss-bitcoin-conference?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls
The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on the evolution of digital payments in a […] Source: https://news.bitcoin.com/will-banks-survive-bank-of-england-prepares-to-launch-cbdc-if-innovation-stalls/
Trump win, ‘regulatory sanity’ is bad news for memecoins: Professor
A Donald Trump presidency would be “bearish memecoins” as they are a “form of economic populism and a statement against the unfair,” a professor claims. Source: https://cointelegraph.com/news/trump-win-bad-news-memecoins-professor?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds
Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad Garlinghouse has disclosed he was recently debanked, citing increased regulatory scrutiny impacting […] Source: https://news.bitcoin.com/ripple-ceo-loses-bank-account-after-25-years-given-5-days-to-withdraw-funds/
Base stablecoin transaction volume briefly tops all other chains
Base has notched a new record stablecoin volume, temporarily beating out Solana, Ethereum, and Tron for the top spot. Source: https://cointelegraph.com/news/base-stablecoin-transaction-volume-briefly-tops-all-other-chains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Economist Explains Bitcoin’s Untapped Potential for Central Bank Reserves
An economist has argued that bitcoin is a reserve asset similar to gold, noting that some central banks might consider adding it to their reserves. Economist Makes Bold Case: Bitcoin Could Protect Central Banks Like Gold The Bitcoin Policy Institute (BPI), a non-profit think tank, published a paper last week by economist Matthew Ferranti titled […] Source: https://news.bitcoin.com/economist-explains-bitcoins-untapped-potential-for-central-bank-reserves/