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Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future. Sam Bankman-Fried Talks Crypto in Latam Latam is one … Read more
Bitcoin traded below its mining cost basis in June, DeFi experienced a 33% decline in TVL, and mid-month weekly BTC options peaked to their highest on record. Go to Source Powered by WPeMatico
After trading sideways at the $22k level through the weekend, Bitcoin’s price finally broke through its support level, dropping by over 3%, and currently trading at the $21k range. Ethereum also failed to hold support at the $1,600 level, falling to the $1,500 range on Monday. While support levels could not hold, the global cryptocurrency … Read more
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number … Read more
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory … Read more
After peaking at $24k last week, Bitcoin’s price continues to trade sideways at the $22k level. While the market momentum is slowing down, BTC and ETH prices remain steady. The global cryptocurrency market cap is still above the $1 trillion level, signaling a potential upcoming bullish rally next week. Key Points: Bitcoin price manages to … Read more
The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency … Read more
After a spectacular performance this week, cryptocurrency markets remain weak this Saturday as Bitcoin falls to the $22k level. The good news is that Ethereum still managed to hold above the $1,500 level. Even with a 7% drop in the past 24 hours, its 7-day performance is excellent, rising by over 25% in the past … Read more
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wants to ensure that it will be exchangeable across borders. Digital Rupiah Concept Expected by Year End Indonesia’s monetary authority is … Read more
After a brief market correction last night, cryptocurrency markets continue to perform well, with Bitcoin’s price managing to return above the $23k levels, while Ethereum’s price is gaining dominance, surging past $1,600. With Ethereum’s market cap approaching $200 billion compared to Bitcoin’s $451 billion, ETH could soon reach 50% dominance compared to BTC, signaling a … Read more