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Argentina to Patrol Cyberspace in the Hunt for Crypto Criminals
17.12.2024
A recent resolution issued by the Security Ministry of Argentina has added crypto crimes to the set of activities that will be tracked and surveilled by police forces. Resolution 1330/2024 states that the federal security forces will develop countermeasures to fight crimes of “unauthorized...
Bitget Receives Bitcoin License in El Salvador, Securing Its Entrance Into Latam
17.12.2024
Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges...
Ether and Solana Grow in Brazilian Markets
15.12.2024
According to data issued by the national tax enforcer, the adoption of solana and ether is growing in Brazilian markets. Ether’s utilization increased significantly, having registered 950,000 transactions moving over $165 million – a relevant increase compared to last year’s...
Aethir Launches $100M Ecosystem Fund With Blockchain Center Abu Dhabi
15.12.2024
Aethir has partnered with the Blockchain Center Abu Dhabi (ADBC) to foster Web3 innovation in the MENA region. They will focus on advancing AI and gaming projects through Aethir’s $100 million Ecosystem Fund, which includes graphics processing unit (GPU) subsidies and token grants for eligible...
Prison Time Looms for Bitcoin Trader—Justice or Crypto Clampdown?
14.12.2024
A Massachusetts man, Alan Joseph, 36, has been convicted of operating an unlicensed money transmission business and laundering funds after converting cash linked to counterfeit goods into bitcoin, Homeland Security Investigations (HSI) announced on Thursday. Convicted on Nov. 22, following...
Solana Overtakes Ethereum as the Chain With Most New Developers in 2024
13.12.2024
A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew...
Ethereum’s Buterin Acknowledges Argentine Peso’s Comeback
13.12.2024
Ethereum founder Vitalik Buterin has acknowledged the performance of the Argentine fiat currency, the peso. On social media, Buterin stated that the Argentine peso to U.S. dollar exchange rate was exactly the same as it was one year ago. Praising Argentine President Milei’s achievements...
EU Bleeds €1.5 Trillion Under Anti-Russian Sanctions, Report
13.12.2024
Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive”...
Kenya National Fire Brigades Association Adopts Bitcoin
12.12.2024
The Kenya National Fire Brigades Association (KENFIBA) has become the first labor union in Kenya to adopt bitcoin. This move, facilitated by Proof of Workforce, aims to support the union’s efforts to improve working conditions and emergency response capabilities for firefighters in Kenya....
Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation
12.12.2024
China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential U.S. trade tariffs under Donald Trump’s presidency. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper...
JPMorgan Hails Historic Rally as Crypto Soars in Unmatched November
12.12.2024
November marked a historic surge in the crypto market, with total market capitalization rising by an unprecedented 45%, reaching $3.3 trillion, according to JPMorgan. “President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto...
Brazilian Central Bank May Withdraw Provisions Banning Stablecoin Self-Custody
10.12.2024
The Central Bank of Brazil acknowledged that a proposal making self-custody of stablecoins illegal in the country might be withdrawn if certain conditions are met. In a public hearing, the deputy head of the Financial System Regulation Department, Renato Kiyotaka Uema, said that these provisions...
Trump Effect: Bitcoin ETFs Attract $10 Billion Inflows Since Election Day
10.12.2024
Since Election Day, bitcoin exchange-traded funds (ETFs) have garnered the attention of Wall Street investors who seem convinced that President-elect Donald Trump will be able to bring regulatory clarity to push the bitcoin industry to new heights. The companies offering these investment tools have...
Bitoasis Secures Full VASP License From Dubai’s VARA
10.12.2024
Bitoasis, a leading virtual asset platform in the Middle East and North Africa (MENA) region, has received a full virtual asset service providers (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Securing the full VASP License marks the final step in VARA’s licensing...
Bitcoin Permabull Max Keiser Hints at Muslim World Petrobitcoin Announcement
9.12.2024
Max Keiser, an international journalist and cryptocurrency advisor to the Bukele administration in El Salvador, has hinted at an upcoming announcement for the Muslim world regarding bitcoin. On social media, Keiser, now in Abu Dhabi, recalled the first time he declared that bitcoin complied with...
Iranian Crypto Holdings Equal a Third of National Gold Market
9.12.2024
Iranian crypto holdings, valued between $30 billion and $50 billion, constitute about a third of the national gold market, according to economist Mohammad Sadegh Alhosseini. Daily cryptocurrency trading in Iran is approximately $143 million (100 trillion rials). The Central Bank of Iran (CBI)...
Iran Embraces Crypto Regulation to Counter Economic Sanctions
9.12.2024
Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging...
A Crypto Tax Paradise? Czech Republic Pioneers Tax-Free Crypto Policies
8.12.2024
Czech lawmakers have approved a groundbreaking tax reform exempting bitcoin and other digital assets from capital gains tax if held for over three years, effective Jan. 1, 2025. Additionally, annual crypto income below CZK 100,000 ($4,000) will be tax-free. Prime Minister Petr Fiala highlighted...
Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win
6.12.2024
Yellow Card, an African stablecoin platform, is taking steps to secure a license from Nigeria’s Securities and Exchange Commission (SEC) after obtaining a Crypto Asset Service Provider (CASP) license in South Africa. The CASP license has enabled Yellow Card to operate within South...
Bolivian Attorneys Spearhead USDT Index Proposal to Energize a Dollar-Starved Economy
6.12.2024
Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether’s USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The submission aims to link USDT’s value in global markets to the national...