News

Bitcoin Network Adjusts: Mining Difficulty Rises 0.12% to 52.39 Trillion

August 10, 2023 0

Bitcoin miners saw a slight increase in mining difficulty on August 9, 2023, at block height 802,368, as the difficulty rose 0.12% from 52.32 trillion to 52.39 trillion. Over the last 2,016 blocks, miners recorded an average hashrate of about 376.5 exahash per second (EH/s). Miners Experience a

News

Binance Expands Global Reach — Becomes Fully Licensed Crypto Exchange in El Salvador

August 10, 2023 0

Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide. Binance Now Fully Licensed in El Salvador Cryptocurrency exchange Binance

News

SEC Seeks to Appeal Ripple-XRP Ruling — Requests Stay of Proceedings

August 10, 2023 0

The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court proceedings.” SEC Seeks to Appeal Ruling in Ripple-XRP Case The U.S. […]

News

UBS Expects US Dollar Dominance to Persist for ‘Years to Come’

August 10, 2023 0

Swiss investment banking giant UBS expects the U.S. dollar’s reign to live on. “We firmly believe we will be living in a U.S. dollar-centric world for years to come,” the bank’s executive said, adding that there will be some room for competitors. UBS on US Dollar’s Dominance Switzerland-headquartered investment bank UBS has argued that the […]

News

Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines

August 10, 2023 0

The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar stablecoins. Fed Steps up Crypto Oversight The Federal Reserve announced the

News

Putin and Ramaphosa Discuss BRICS Summit, Trade and Cooperation; Russian President to Join via Video Link

August 9, 2023 0

Russian president Vladimir Putin and South African president Cyril Ramaphosa recently addressed cooperation, trade, and preparations for the upcoming BRICS summit. The two leaders conversed about practical cooperation and the expansion of the organization, reflecting a shared commitment to international engagement. While Putin won’t be attending the conference in person,

News

FTX’s Sam Bankman-Fried to Face Campaign Finance Charge, Prosecutors Say

August 9, 2023 0

Founder of failed crypto exchange FTX, Sam Bankman-Fried, will be held accountable for alleged campaign finance violations, U.S. prosecutors indicated on Tuesday. The charge was dropped earlier because the extradition treaty with the Bahamas prevents adding further charges without prior permission from the other side. Sam Bankman-Fried to Be Charged With Campaign Finance

News

Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat

August 9, 2023 0

In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand, fueled mainly by the anticipated approval of […]

News

Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited 

August 9, 2023 0

A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part of the suspected plea deal. Private Jet on the Bargaining Table as FTX’s Salame […]

News

Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High

August 9, 2023 0

Shiba inu rose by as much as 10% during today’s session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday. Shiba Inu (SHIB) Shiba […]