Tag: Cryptocurrency

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Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

September 29, 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…
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Worldcoin Launches in Guatemala, Poland and Malaysia Introducing Face Auth

September 29, 2024

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…
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Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

September 28, 2024

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,…
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Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party

September 28, 2024

On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively…
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Meme Coins Shine: SHIB Climbs 35%, MOODENG Rises to $305M Market Cap

September 28, 2024

In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand. The newly launched Solana-based coin hit its all-time high…
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Bitcoin Set For Biggest September Gains In A Decade: Here’s Why

September 28, 2024

Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoin’s Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track…
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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

September 28, 2024

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…
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Putin: Russia Examining Digital Currencies for Independent Payments

September 28, 2024

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…
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Bybit Expands in CIS Region With Kazakhstan License for Crypto Services

September 28, 2024

Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key…
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Suze Orman Recommends BTC: ‘Everybody Should Absolutely Have Exposure to Bitcoin’

September 28, 2024

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman…
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