The Shanghai Second Intermediate People’s Court in China has explained that Bitcoin (BTC) stands out as a unique virtual asset based on several attributes including its scarce nature. On Sept. 25, the court published a report “Legal Attributes and Judicial Disposal of Digital Currency” highlighting the controversy in digital data and currency in judicial proceedings…
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Dilma Rousseff, president of the New Development Bank — also known as the BRICS bank — and former Brazilian president, has called for establishing a financial architecture designed for the so-called Global South. In a keynote speech at the 14th Lujiazui Forum, Rousseff remarked on the importance of this new structure for promoting sustainable growth.…
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The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking. The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply.…
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A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The…
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Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant number of addresses have restaked their ETH. The Ethereum blockchain underwent a successful Shapella upgrade on April 12, allowing validators to withdraw their staked Ether (ETH) from the Beacon Chain after three years. After seeing over 1…
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Ether (ETH) future short positions have been wiped out on mass in the last two days, as the world’s second-largest cryptocurrency by market capitalization defied the bears and rallied in wake of Wednesday’s highly anticipated series of upgrades to the Ethereum blockchain. ETH surged above $2,100 on Friday for the first time since May 2022,…
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The top 100 DeFi tokens surged along with the broader crypto market as the total value locked peaked at a new yearly high of over $54 billion. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past…
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Join us as we discuss the potential for on-chain data and how it can make you a better trader. In this week’s episode of Market Talks, Cointelegraph welcomes Miguel Morel, CEO of Arkham Intelligence — a blockchain intelligence company that has built a platform that provides information on real-world entities and individuals behind crypto market activity.…
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According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the…
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After months of delays, Ethereum validators can finally withdraw their staked Ether and rewards from the Ethereum mainnet. The Shapella hard fork has officially been executed on the Ethereum mainnet — meaning that Ethereum validators can finally withdraw their staked Ether (ETH) from the Beacon Chain. The long-awaited upgrade took effect at 10:27 pm UTC…
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