USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023. News Join us on social networks Stablecoin Tether (USDT) has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country, according to data …
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The Deputy Secretary of the US Treasury says cryptocurrencies do not account for the lion’s share of terror group financing. Speaking in London during a Royal United Services Institute event, Wally Adeyemo says that terrorist financing is evolving and the advent of crypto provides bad actors with a new channel to move their funds. “As …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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A closely followed crypto trader argues that Bitcoin’s (BTC) recent rally likely has more gas left in the tank and says he has a near-term price target in mind. Pseudonymous trader The Flow Horse tells his 183,000 followers on the social media platform X that when he looks at a longer-term chart, a further 25% …
Understanding open-source protocols Open-source protocols have become a mainstay in the tech world and are gaining traction due to the myriad benefits that they offer over their proprietary counterparts. The protocols are typically created with the intention of being used by the public, enabling anyone to examine, alter and share their code. The benefits of …
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Digital assets manager VanEck has unveiled its forecast for Ethereum (ETH) rival Solana (SOL) looking out into the year 2030. In a new report, VanEck analysts Matthew Sigel and Patrick Bush say that Solana’s founders have been a success story in blockchain scaling through experimentation and applied science. “While other chains have chosen scaling paths …
A widely followed analyst thinks that one decentralized finance (DeFi) altcoin is gearing up to outpace the broader crypto markets. The pseudonymous trader known in the industry as The Crypto Dog tells his 742,700 followers on the social media platform X that he’s bullish on the decentralized derivatives exchange Injective (INJ). The crypto strategist believes …
The co-founders of crypto analytics firm Glassnode think that a deluge of capital will flow into Bitcoin once regulators greenlight a spot-based BTC exchange-traded fund (ETF). Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say institutional capital to the tune of trillions of dollars is …
ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a Bitcoin spot ETF. Markets News Join us on social networks Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources including …
Continue reading “First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price”
Clayton emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny. News Join us on social networks Ripple CEO Brad Garlinghouse strongly criticized former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s remarks regarding the agency’s regulatory approach. Since the first quarter of 2023, the SEC …
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Twitter/X owner Elon Musk revealed new details of his planned payment services during an all-hands staff meeting, as reported by The Verge on Oct. 26. Musk said the new feature will cover almost all areas of finance, stating: “When I say payments, I actually mean someone’s entire financial life. If it involves money, It’ll be …
Continue reading “Elon Musk says X payments will eliminate need for bank account by end of 2024”
Taiwan has taken a significant step towards regulating its flourishing virtual asset market by introducing a new bill called the “Virtual Asset Management Regulations Draft,” which aims to create a comprehensive regulatory framework for the crypto industry. The move comes as Taiwan grapples with the exponential growth of virtual assets in the country. The bill’s …
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The Federal Reserve and New York Department of Financial Services are hitting a US bank with a multi-million dollar fine for violating the Bank Secrecy Act. The agencies say Metropolitan Commercial Bank (MCB) will pay a total of $29.5 million in penalties for allowing criminals to open new accounts and misdirect a staggering $300 million. …
New data from a market intelligence firm reveals that holders of Shiba Inu (SHIB) and another memecoin that has more than doubled up during the last few days are still underwater. According to IntoTheBlock, a staggering 79% of holders of popular meme asset SHIB are currently seeing red while only 17% of them are making …
VanEck strategy advisor Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years. News Join us on social networks El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck. …
