Bitcoin Price Prediction Bitcoin failed to continue its upward trend despite multiple supporting factors, such as a bearish US dollar and a dovish stance from the Federal Reserve. BTC lost some of its gains, dropping to around $63,400 and hitting an intraday low of $62,961. Although Bitcoin began the week on a bullish note after…
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The Swiss National Bank’s (SNB) chairman of the governing board, Thomas Jordan, noted that the bank is exploring best ways to tokenize financial assets. Speaking at an event in Basel on Monday, Jordan noted that the Swiss National Bank is investigating alternative options to its wholesale CBDC. Outlining pros and cons of wholesale CBDC, Jordan…
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The Canada Revenue Agency (CRA) is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors. The National Post reported Monday that Sahil Behal, a director general at the CRA’s compliance branch, revealed the agency is currently conducting around 400 audits on crypto-related activities.…
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Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.” The Digital Chamber called this as yet another instance of the regulator’s “unchecked regulatory overreach,” similar to previous ones. The SEC has previously issued Wells Notice to major…
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South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO. Per Business Post, Lee’s two-year term as Bithumb boss expires later this month. But industry figures believe he will be reappointed as the firm tries to fast-track its public offering plans. Trading volumes on…
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Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64 million at current exchange rates. 1,005 Bitcoin Worth $64 Million Moved From 2…
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Web3 cross-chain protocol Axelar has announced over 60 chains including Stacks, Moonriver, Hedera Network and Iron Fish have joined a devnet-phase pilot of Interchain Amplifier. In an announcement, Axelar said the Interchain Amplifier is a smart-contract-based developer toolkit that makes new-chain integrations permissionless by automating routing and translation across Axelar’s blockchains. Axelar is a decentralized interoperability network…
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The Philippines’ securities regulator is set to unveil a regulatory framework for crypto assets and trading by the latter half of 2024. SEC Chair Emilio Aquino announced plans last week to issue the framework by the second half this year, Business World Online reported Monday. The upcoming cryptocurrency guidelines target regulating trading within the Philippines,…
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Bitcoin Price Prediction: Bitcoin (BTC) kicked off the week with robust momentum, maintaining a position well above the $64,000 mark and reaching a high of $64,496. The total market capitalization for cryptocurrencies has surged to $2.36 trillion, reflecting a 1.19% increase within 24 hours. This rise is partly due to investor responses to softer US NFP…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme…
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