X (Formerly Twitter) Gains License for Cryptocurrency Services

    coinwire 2023-08-31 40497 views Trending
    ​Elon Musk’s latest venture, X (formerly known as Twitter), is evolving into an all-encompassing application with a diverse set of functionalities, including a payment hub integrated into the microblogging social platform. In line with this vision, Musk’s company has taken a significant step by obtaining a crucial license that allows it to engage in cryptocurrency-related activities. Although X has garnered attention for its crypto-friendly stance, uncertainties linger about the extent to which it will delve into the realm of cryptocurrency services.

    India PM calls for global digital currency regulation at annual G20 summit

    coingeek 2023-08-30 78465 views Trending
    India’s Prime Minister Narendra Modi has urged global regulators to remain resolute in establishing uniform standards for the digital currency industry

    Examining and studying the requirements associated with scaling Bitcoin

    coingeek 2023-08-30 39003 views Trending
    Pseudonymity and Privacy: Blockchain systems, including Bitcoin, often provide a level of pseudonymity, where users are identified by cryptographic addresses instead of their real-world identities. While such pseudonymity offers privacy benefits, it can also pose challenges in implementing AML controls

    The bright side of Evergrande’s collapse? More crypto volatility

    cointelegraph 2023-08-29 46204 views Trending
    vergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market

    New tax rules for crypto in the US: Law Decoded

    cointelegraph 2023-08-29 58490 views Trending
    The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers

    BRICS Expansion: Russian Experts Weigh In on Impact and Implications

    coinwire 2023-08-28 55595 views Trending
    The anticipated expansion of the BRICS alliance to include Saudi Arabia, the United Arab Emirates (UAE), Iran, Ethiopia, Egypt, and Argentina has generated significant discussions among Russian experts. As the geopolitical landscape continues to evolve, these experts provide insights into the potential implications for Russia and the ongoing crisis in Ukraine. The move to enlarge BRICS reflects a strategic shift with economic and logistical considerations at its core.

    Tether CTO Keeps Bitcoin Mining Locations Under Wraps

    coinwire 2023-08-28 78336 views Trending
    ​Tether has been a prominent name, especially with its stablecoin USDT. Recently, rumors about Tether’s involvement in Bitcoin mining surfaced, leading to speculations about the company’s mining locations. Paolo Ardoino, the chief technology officer of Tether, found himself addressing these rumors and shedding light on the situation.

    PEPE Team Addresses Recent Events in Official Statement: Betrayal Team Members?

    coinwire 2023-08-26 40222 views Trending
    Amidst earlier suspicions of alterations to the PEPE smart contract, the PEPE team has taken action. Today, the team released an official statement to tackle recent controversies related to token sales and changes in the contract. This statement delves into the unsanctioned sale of a significant token quantity, shifts in multisig wallet requirements, and the removal of specific team members. The declaration, shared through PEPE’s official X (formally Twitter) account, seeks to offer community transparency and clear insights.

    Yevgeny Prigozhin Death, Wagner’s Impact on Rouble-Tether Trading

    coinwire 2023-08-25 44276 views Trending
    Russia’s notorious mercenary boss, Yevgeny Prigozhin, met a tragic end on Wednesday when his private jet crashed, claiming the lives of all ten individuals on board. This incident has sent shockwaves through the Russian state, as Prigozhin was the head of the infamous paramilitary group known as the Wagner Group. While the circumstances surrounding the crash remain unclear, some speculate that it was a result of Russian air defenses shooting down the aircraft.

    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 38996 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 59622 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 79926 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 31296 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 37004 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 54796 views Trending
    Even altcoins slumped, with only Ripple's XRP and Cardano registering inflows.

    The mixed blessing of CBDCs

    coingeek 2023-08-21 59106 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 41723 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 66346 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 59287 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.

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