Tag: bitcoin
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Block Times Indicate That Progress Toward Bitcoin’s Halving Is 60% Complete, and That a Halving Could Take Place Next Year
Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use the ten-minute average, the countdown using the most recent block intervals, which are around 7:65 minutes, indicates that the…
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According to BBVA, Colombians Constitute 20% of Users of New Generation Crypto-Powered Accounts.
Latam users are very interested in BBVA’s crypto-powered solutions, according to a recent article published by the private bank with headquarters in Spain. According to the institution, nearly 20% of the users of their New Gen accounts, which are accessible from Switzerland, are Colombians drawn to the crypto services these accounts provide. Due to the…
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Technical Analysis of Bitcoin and Ethereum: BTC Drops as Tesla Sells 75% of Holdings
As news broke that Tesla had sold 75% of its cryptocurrency holdings, the price of bitcoin fell during the day’s trading. The announcement follows the company’s Q2 earnings call, during which they confirmed that the token would be converted into fiat money. In response to the news, Ethereum also fell. Bitcoin Following a recent run…
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Bitfinex will donate BTC and USDT valued at $1.3 million to communities in El Salvador
A donation of 36 bitcoin and $600,000 worth of tether tokens will be made to support communities and small businesses in El Salvador, the crypto exchange Bitfinex announced on Thursday. The funds will initially target small businesses in Salvadoran communities in Apopa, Ilopango, and Soyapango, according to Bitfinex. The digital currency exchange Bitfinex has announced…
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Bill Proposed by Senator Indira Kempis To Make Bitcoin Legal Tender In Mexico
A bill to recognize bitcoin as legal tender in Mexico has been put forth by senator Indira Kempis. The difficulties Mexican citizens encounter when attempting to access financial products and education serve as the basis for the bill’s action. The Central Bank of Mexico, however, has opposed the integration of bitcoin into the nation’s financial…
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Bitcoin Is a Commodity, According to SEC Chair Gensler — “That’s the Only One I’m Going to Say”
Bitcoin, according to Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), is a commodity. He emphasized that the SEC, the CFTC, and banking regulators will work together to oversee the cryptocurrency industry. In an interview with Mad Money host Jim Cramer on CNBC on Monday, SEC Chairman Gary Gensler clarified his views…
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El Salvador will receive assistance from the International Monetary Fund in compiling Bitcoin adoption statistics.
The International Monetary Fund has stated that it is assisting the government of El Salvador in a variety of ways. According to Gerry Rice, the organization’s spokesperson, the group is in talks with Salvadoran government officials about tax and money laundering issues, including critical issues raised by the IMF in previous reports. International Monetary Fund…
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Cloudflare, an internet service provider, will run Ethereum validator nodes as part of its Web3 focus.
Cloudflare, a provider of internet services and DDoS protection, has announced a new Web3 experiment strategy. As part of its commitment to help scale the internet by using proof-of-stake (PoS) consensus technologies, the company announced it will run Ethereum validator nodes. This will ostensibly give the company access to the technology’s energy efficiency and consistency.…
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After the Terra Meltdown, the UK confirms its commitment to regulate stablecoins.
Following the collapse of Terra USD (UST) and terra, the British Treasury Department has reaffirmed its commitment to regulate stablecoins (LUNA). “This will allow issuers and service providers to operate and grow in the United Kingdom while maintaining financial stability and high regulatory standards,” an HM Treasury spokesperson said. HM Treasury, the U.K. Treasury Department,…
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Regulators from around the world are considering forming a joint body to coordinate crypto rules.
According to a top executive of the International Organization of Securities Commissions, a joint body will be established within the next year to better coordinate cryptocurrency regulations (IOSCO). Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this week. Members of the global organization regulate more than 95% of the world’s…