The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank […] Source: https://news.bitcoin.com/brazil-prepares-to-let-tradfi-institutions-embrace-crypto/
Metaplanet disclosed Monday a $28 million jump in its Bitcoin holdings since it began buying up the asset, surpassing the company’s market capitalization at the start of the year. Since late September, the Tokyo-based firm has more than doubled its Bitcoin acquisitions, increasing from 492.82 BTC to 1,018.17 BTC by mid-November, according to a Q3 financial report. It’s a strategy…
Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme. Source: https://cointelegraph.com/news/crypto-scam-launderer-pleads-guilty-to-part-in-73-m-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin needs to take stock of recent gains, say market participants, as bulls see repeated rejections at $90,000. Source: https://cointelegraph.com/news/new-bitcoin-price-all-time-high-unlikely-trader-70k-floor?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Almost $650 million has entered Ether ETFs over the past five trading days as the asset surged more than 30%. Source: https://cointelegraph.com/news/ethereum-etf-total-flows-net-positive-second-biggest-inflow-blackrock?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
PayPal’s US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks. Source: https://cointelegraph.com/news/paypal-stablecoin-layerzero-ethereum-solana-transfers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The use of national and alternative currencies in Russia-India trade has reached nearly 90%, according to Russian First Deputy Prime Minister Denis Manturov. Speaking at a Russian-Indian intergovernmental commission meeting, Manturov emphasized the importance of expanding banking cooperation between the two countries. Trade turnover between Russia and India rose 9% in the first eight months […] Source: https://news.bitcoin.com/russia-india-trade-nears-90-dollar-free-a-game-changing-pivot/
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon. Source: https://cointelegraph.com/news/bitcoin-profit-taking-historical-all-time-highs-glassnode-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey. Source: https://cointelegraph.com/news/crypto-use-common-among-underbanked-fdic-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried. Source: https://cointelegraph.com/news/us-bids-to-seize-bankman-fried-crypto-china-bribes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
