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Latam Insights: Argentine Digital Currency Bill to Be Introduced ‘as Soon as Possible,’ Bitfinex Free P2P Exchanges
23.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Argentina is pushing for the introduction of the digital currency “as soon as possible,” Bitfinex makes P2P transactions free...
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
Bitcoin’s Daily Transactions See Sharp 46% Decline Since Mid-September
22.10.2023
Over the past 37 days, since September 15, 2023, the number of daily bitcoin transactions has dropped considerably, with the trend of Ordinal inscriptions experiencing a significant slowdown. In the first two weeks of September, the average number of daily transactions confirmed on the Bitcoin...
Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions
21.10.2023
Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital version of Europe’s common fiat currency....
NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn
21.10.2023
Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions....
Bank of Russia Predicts Digital Ruble Won’t End Other Payment Methods
21.10.2023
The Central Bank of Russia does not expect the introduction of the digital ruble to end the popularity of other non-cash and cash payment options. According to statements offered by Alla Bakina, director of the bank’s national payment system department, other non-cash payment options have...
FinCEN issues alert regarding crypto transactions connected to Hamas
20.10.2023
The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...
EU data protection regulators urge anonymity for smaller transactions in digital euro
20.10.2023
The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on the regulation of “digital euro.”
Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
Aptos Resumes Network Activities After Five Hours; OKX and Upbit Temporarily Halt Transactions
19.10.2023
Layer 1 blockchain Aptos has announced normalcy to its operations following a five-hour outage that impacted trading activities including a temporary suspension from two exchanges.
The company disclosed a return to the status quo via a social media post on X (Twitter).
“The issue has since been...
Aptos resumes operation after 5-hour outage that 'impacted' transactions
19.10.2023
Aptos suffered a five-hour outage, coincidentally in the same week that the network launched this time last year
Acme Introduces an Intent-Based Network to Simplify Blockchain Transactions
16.10.2023
PRESS RELEASE. Acme, founded by Nilesh Khaitan (ex-head of crypto, Venmo-PayPal), is building an intent-based network to simplify on-chain transactions to #OneTap. Acme’s experience makes on-chain transactions accessible to non-crypto natives, and empowers developers to simplify and secure...
Blockchain Gaming Holds Strong in Q3, Amid Evolving Crypto Landscape
14.10.2023
The blockchain gaming sector maintained its influential position in the third quarter of 2023 despite some decreases in momentum, according to Dappradar’s recent report. Although metrics such as unique active wallets and transactions dropped slightly, the report advises against viewing this...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs
13.10.2023
The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade...
BBACHAIN Layer I Blockchain Technology: A Revolutionary Leap in the Crypto Space, Unveiling at Upcoming Global Events
13.10.2023
PRESS RELEASE. Imagine a world where technology not only meets financial innovation but also crafts a future where transactions are not merely conducted but are optimized for user benefit and technological advancement. This is not a distant dream but a tangible reality brought to life by BBACHAIN...
Solana Price Prediction as Viral Game Makes Up 15% of All Transactions on Blockchain – Time to Buy SOL?
11.10.2023
The Solana price has jumped by nearly 1% in the past hour, with its move to $22.37 also representing a 0.3% gain in the past 24 hours.
SOL's movements come as the Solana blockchain enjoys heavy traffic coming from new space exploration video game, SAGE Labs, which has seen transactions rise to...
Bitcoin Lightning Network growth jumps 1,200% in 2 years
11.10.2023
A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange
Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report
10.10.2023
Ethereum’s layer 2 networks have gained significant traction in the past few years as developers seek faster and cheaper solutions to interact with the blockchain.
According to a new report released by blockchain intelligence firm, Messari, layer 2 solutions recorded 61% of the entire Ethereum...