Category: News
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Ferrari expands cryptocurrency payments to Europe
Ferrari has expanded its cryptocurrency payment solutions to Europe, following a successful launch in the United States in October. By the end of July, Ferrari’s European dealer network will be equipped to accept crypto payments for its luxury sports cars. This initiative will also extend to other international dealers in countries where cryptocurrency payments are…
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Senator Cynthia Lummis plans for Strategic Bitcoin Reserve
Senator Cynthia Lummis of Wyoming is set to announce groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, Tennessee. This bill proposes that the Federal Reserve adopt Bitcoin as a strategic reserve asset. If successful, this legislation would mark a significant shift in U.S. monetary policy, positioning Bitcoin alongside traditional reserves like gold and…
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First day of Ethereum ETF sees $600M volume
The eight recently launched spot Ethereum (ETH) exchange-traded funds (ETFs) posted nearly $600 million in volume during the first half of their first day, according to data from Bloomberg. Grayscale’s Ethereum Trust (ETHE) led the race with $250 million in traded shares by 12:30 pm ET, followed by BlackRock’s iShares Ethereum Trust (ETHA) with approximately…
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dYdX V3 Hacked Amid Sale Rumors
dYdX V3 Platform Compromised On Tuesday, decentralized perpetual exchange dYdX reported a breach of one of its on-chain trading platforms. The compromise specifically targets dYdX v3, an older version of the platform that handles approximately $1.5 billion in derivatives trading volume weekly. The team has warned users to refrain from accessing exchange until further updates…
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Bitcoin Price Sideways as Mt. Gox Neutralises ETF Inflows
The latest developments in the crypto market reveal a significant shift in Bitcoin price dynamics as the defunct crypto exchange Mt. Gox moved over 47,500 Bitcoin (BTC), worth approximately $3.2 billion, to multiple addresses. This major transfer has countered the positive impact of substantial Bitcoin ETF inflows, causing a noticeable effect on the Bitcoin price.…
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$BTC ETF sees $533M in inflows just before $ETH ETF launch
$BTC ETF inflows reached $533 million ahead of the $ETH ETF launch, reflecting a strong interest in spot Bitcoin exchange-traded funds in the U.S. According to data from Farside Investors, these ETFs saw $533.6 million in inflows on July 22, the highest since June 4’s $886.6 million. This marks the third consecutive week of inflows…
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Potential Picks for US Treasury Secretary
As the 2024 US Presidential election approaches, speculation about key leadership appointments intensifies. If Donald Trump wins, he may nominate Larry Fink, CEO of BlackRock, or Jamie Dimon, CEO of JPMorgan, as the US Treasury Secretary. Both candidates bring significant financial expertise and contrasting views on Bitcoin, which could heavily influence America’s financial landscape. Larry…
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Trump makes controversial El Salvador comments
The Bitcoin community is actively discussing former US President Donald Trump’s comments at the Republican National Convention. Trump claimed that El Salvador, led by Bitcoin advocate President Nayib Bukele, is “dumping criminals” into the US, sparking significant debate among Bitcoin enthusiasts and political observers. The Bitcoin community responded quickly. The Bitcoin Therapist warned Trump to…
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Token 2049 Singapore: Biggest Crypto Event Ever
Overview of Token 2049 Singapore Token 2049 Singapore is shaping up to be the most significant cryptocurrency event ever. Scheduled for 18-19 September 2024 at Marina Bay Sands, it precedes the Formula 1 Singapore Grand Prix 2024 race weekend. This event will bring together 20,000 attendees from over 150 countries, converging industry leaders and global…
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Judge allows Binance.US to invest user assets in treasuries
Binance.US has received judicial approval to invest certain customer assets in U.S. Treasury bills. This decision is part of an order setting conditions for the crypto exchange. Judge Jackson has been overseeing the SEC’s case against Binance. The SEC accused Binance and former CEO Changpeng Zhao of misleading customers, allowing U.S. investors to access Binance.com,…