Saudi Arabia, UAE, Iran, and More Set To Join BRICS in 2024

    coinwire 2023-08-25 63895 views Trending
    ​The BRICS group of developing nations, comprised of Brazil, Russia, India, China, and South Africa, is set to undergo its first expansion in over a decade. The annual summit held in Johannesburg concluded with the announcement that Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, Ethiopia, and Argentina have been invited to join the group. This expansion marks a historic moment and holds potential implications for the geopolitical landscape and global economic cooperation.

    Speculation Grows Over BlackRock Bitcoin ETF: Accumulation Strategy Revealed?

    coinwire 2023-08-24 39001 views Trending
    ​The buzz around the potential approval of a BlackRock Bitcoin Spot ETF has ignited discussions within the cryptocurrency community. Amidst the excitement, a key aspect often misunderstood is how the investment giant’s strategy might play out. If BlackRock anticipates regulatory approval, their logical move would be to start accumulating Bitcoin ahead of the ETF launch.

    India Backs BRICS Expansion: Prime Minister Modi’s Confirmation at Summit

    coinwire 2023-08-24 59636 views Trending
    During the second day of the BRICS Summit 2023 held in Johannesburg, South Africa, India’s Prime Minister Narendra Modi expressed strong support for the expansion of the BRICS group. This marked a significant step forward, as the expansion plans were being championed by Russia and China, with South Africa also in favor.

    Colombia central bank eyes limited CBDC holdings to counter financial risks

    coingeek 2023-08-23 79938 views Trending
    ​Colombia’s banking regulator is pushing for limited central bank digital currency (CBDC) holdings for users despite its indecision to launch a digital version of its legal tender

    UK digital currency businesses to implement Travel Rule from September 2023

    coingeek 2023-08-23 31307 views Trending
    ​In July 2022, the U.K. government passed legislation to begin enforcing the Travel Rule in the digital currency industry. The rules will officially kick in from September 2023

    The Cost of Mining 1 BTC: Lebanon is the Top Cheapest

    coinwire 2023-08-22 37008 views Trending
    BTC mining has become increasingly popular in recent years, as individuals and businesses seek to capitalize on the potential profits offered by this digital currency. However, one of the major considerations for miners is the cost of electricity, as mining Bitcoin requires substantial energy consumption.

    Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

    cointelegraph 2023-08-22 54803 views Trending
    Even altcoins slumped, with only Ripple's XRP and Cardano registering inflows.

    The mixed blessing of CBDCs

    coingeek 2023-08-21 59112 views Trending
    In 2023, over 114 countries representing over 95% of global gross domestic product (GDP) are exploring the establishment of a central bank digital currency (CBDC), with 11 countries already having launched their own digital currencies and a further 21 countries trialing pilot programs, including the economic powerhouses of China, India, and Russia.

    M2 digital asset firm granted operational license by Abu Dhabi

    coingeek 2023-08-21 41732 views Trending
    ​Abu Dhabi Global Market (ADGM) has announced the grant of an operational license to digital asset firm M2 to provide a wide range of digital asset services in the United Arab Emirates (UAE).

    SEI Breaks Into Top 100 Crypto Ranking – The Rise of a Promising Token

    coinwire 2023-08-19 66358 views Trending
    One such token that has recently made waves in the market is SEI, the native token of the Sei blockchain. With its debut on multiple major exchanges, it has quickly gained traction and climbed into the top 100 crypto ranking.

    PayPal Suspends Crypto Sales for UK Customers Until 2024

    coinwire 2023-08-19 59294 views Trending
    PayPal, the popular payment firm, has recently announced its decision to temporarily halt the purchase of cryptocurrencies on its platform for customers in the United Kingdom. This move is in response to new regulations set to come into effect on October 8, 2023. PayPal aims to ensure compliance with these regulations and expects to resume its crypto services in early 2024.

    Bitcoin’s Plunge to $26,000: Unveiling Night of Market Turmoil

    coinwire 2023-08-18 31814 views Trending
    A single night in the financial markets witnessed a whirlwind of events that left a profound impact on Bitcoin & the cryptocurrency landscape. Amidst rumors, financial crises, and regulatory speculations, Bitcoin (BTC), the cornerstone of digital assets, suffered a steep drop, breaching the significant $26,000 level. This article delves into the factors that contributed to this rapid decline and its repercussions.

    Coinbase to Suspend Trading of Stablecoins in Canada

    coinwire 2023-08-18 37787 views Trending
    Cryptocurrency exchange Coinbase is set to make significant changes in its offerings to Canadian users. In a move that highlights the evolving regulatory landscape in the country’s crypto market, the exchange has announced its decision to suspend the trading of certain stablecoins for its Canadian customers. This shift follows regulatory developments and reflects the exchange‘s commitment to maintaining compliance with emerging standards.

    SEC delays set deadlines for Bitcoin ETF approval to early 2024

    cointelegraph 2023-08-16 60505 views Trending
    With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear decisions on filings made in July 2023.

    Bitcoin price action is beginning to mirror BTC’s 2015-2017 pre-bull market cycle

    cointelegraph 2023-08-16 69574 views Trending
    Bitcoin’s price action and the crypto markets’ structure are beginning to mirror the pre-bull run activity seen in previous years, according to Delphi Digital.

    Binance to Launch opBNB Layer 2 Network: Boosting Throughput and Reversing Decline

    coinwire 2023-08-15 66947 views Trending
    ​In the ever-evolving world of cryptocurrencies, Binance, the leading centralized crypto exchange, is set to launch opBNB, a Layer 2 scaling solution designed to enhance the performance of its Layer 1 smart contract platform, BNB Chain. This new development aims to significantly boost the throughput of BNB Chain, providing a more efficient and cost-effective solution for users.

    Sam Bankman-Fried’s Incarceration: Inside Brooklyn Metropolitan Detention Center

    coinwire 2023-08-15 31203 views Trending
    Former FTX CEO Sam Bankman-Fried finds himself spending his third night in one of New York’s most notorious prisons. This stark contrast from his affluent upbringing in a multi-million dollar home has captivated public interest. Bankman-Fri...

    SEC Delays Decision on This ETF, Opens Public Comments

    coinwire 2023-08-14 37155 views Trending
    The United States Securities and Exchange Commission (SEC) has extended its decision-making timeline for the approval or disapproval of a spot Bitcoin exchange-traded fund (ETF) presented by ARK Investment Management. This delay is the latest in a series of postponements by the regulatory body, which is currently evaluating the feasibility of permitting a spot cryptocurrency ETF in the U.S. The SEC’s move comes after ARK Investment Management’s CEO, Cathie Wood, anticipated the decision delay earlier in August.

    Bitcoin: The Best-Performing Asset of 2023

    coinwire 2023-08-14 53968 views Trending
    The year 2023 has been a remarkable one for investors, with Bitcoin emerging as the best-performing asset. This digital currency has captured the attention of both individuals and institutions, showcasing its potential as a lucrative investment opportunity.

    SEI’s Upcoming Mainnet: Price Prediction In-Dept Analysis

    coinwire 2023-08-12 30901 views Trending
    The cryptocurrency market is abuzz with anticipation as Binance, the world’s leading exchange, gears up for a significant event on August 15th – the listing of SEI Network’s native token. SEI Network is carving out a distinct path in the blockchain landscape, positioning itself as the first sector-specific Layer 1 blockchain. With an expected starting price of 26 cents, SEI’s valuation places it among the top 100 cryptocurrencies.

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