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Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles … Read more
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, … Read more
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s … Read more
Despite declarations from Ethereum influencers that Runes are dead, recent reports indicate a different story. According to data released yesterday, the Runes Protocol has accounted for 69.1% of all Bitcoin transactions over the past 24 hours. This marks a significant shift in the landscape of Bitcoin transactions, highlighting the growing influence of the Runes Protocol. … Read more
The crypto fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising over $3.563 billion. This represents an increase from the previous quarter’s 469 projects, highlighting growing investor interest. Notably, 141 projects did not disclose their raised amounts. Top Fundraisers and Sector Breakdown The Infrastructure sector led in both total funds raised … Read more
In a significant move earlier today, a Uniswap team/investor/advisor address transferred 1.19 million $UNI tokens, valued at $9.62 million, to Coinbase Prime. This follows a trend over the past nine days, during which the same address transferred a total of 3.55 million $UNI, worth approximately $29.82 million, to the same platform. The address originally received … Read more
Despite a mild recovery to end the week, Bitcoin’s recent dip contrasts sharply with the continued flourishing of the S&P 500 and equities. For the past three years, Bitcoin and broader crypto markets have often surged in tandem with traditional equities. The current lag suggests Bitcoin might be poised for an eventual bullish catch-up period. … Read more
According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie’s Tron and Zilliqa trusts, was reportedly concluded before Abra reached a settlement with state regulators. Valkyrie Sells Several Crypto Trusts to Abra At the end of June, Abra resolved licensing … Read more
On-chain reports from Lookonchain have revealed a significant movement of Ether.fi tokens. A wallet linked to the Ether.fi team deposited 880,000 $ETHFI, valued at approximately $1.87 million, to Binance today. This development has drawn attention due to the substantial amount involved and its potential implications. Three months ago, this wallet received a hefty 10 million … Read more