The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day. Source: https://cointelegraph.com/news/texas-gold-coin-bitcoin-adoption-cody-harris?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author: Crypto Superhero
Ether price eyes $3.7K despite $1.3B whale sell-off
Despite millions of selling pressure, Ether is staging a breakout to above $3,700 due to an emerging bull flag, according to market analysts. Source: https://cointelegraph.com/news/ether-3-7k-breakout-1-3-b-whale-sold-after-8-years?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete payments. Chinese banks now require documentation confirming that goods will be sent directly […] Source: https://news.bitcoin.com/the-hunt-for-the-russian-trace-chinese-banks-implement-stricter-compliance-for-foreign-payments/
Bitcoin prints record 40% monthly candle as price crosses $99K
Bitcoin’s record monthly gains come eight days before the end of November — historically the most bullish month for Bitcoin returns. Source: https://cointelegraph.com/news/bitcoin-record-40-monthly-candle-crosses-99-k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CFTC commissioner urges crypto policy reforms
The CFTC’s Summer Mersinger advocates for structured crypto regulations, urging the industry to engage with the incoming US administration. Source: https://cointelegraph.com/news/cftc-regulation-crypto-uniswap-mersinger-blockchain-summit-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets
Russia has revealed that it will respond in kind to the actions of Western governments, which are preparing to make a $50 billion loan to Ukraine collateralized by frozen Russian assets, potentially escalating this conflict. Russia Preparing Retaliatory Move Involving Western Assets The government of Russia has revealed a new plan to counter the utilization […] Source: https://news.bitcoin.com/counterpunch-russia-reveals-plan-to-use-frozen-western-assets-revenue/
How Q Protocol is changing the future of blockchain governance: Report
Cointelegraph Research delves into Q Protocol’s unique governance framework, which combines onchain mechanism with legal agreements. Source: https://cointelegraph.com/news/how-q-protocol-is-changing-the-future-of-blockchain-governance-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trump Effect: China Considering Backpedaling on Bitcoin Policy
Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The new […] Source: https://news.bitcoin.com/trump-effect-china-considering-backpedaling-on-bitcoin-policy/
Bitcoin counts down to $100K BTC price as shorts risk 'violent breakout'
Bitcoin hitting $100,000 seems all but certain as sell wall after sell wall disappears and shorts risk getting “squeezed” by rampant BTC price momentum. Source: https://cointelegraph.com/news/bitcoin-counts-down-100k-btc-price-shorts-risk-violent-breakout?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Bull Market May Drive Russian Miners Underground
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin Mining […] Source: https://news.bitcoin.com/bitcoin-bull-market-may-drive-russian-miners-underground/