India plans to ban bitcoin because “CBDCs have more advantages”

The Indian government is considering banning cryptocurrencies such as bitcoin (BTC) and ether (ETH), according to sources from institutions and regulators in that South Asian country. The main reason is that Central Bank Digital Currencies (CBDC) can offer “similar advantages” in profit transfers, but without the “risks” associated with cryptocurrencies. According to sources close to … Read more

The issuance of USDT and stablecoins skyrockets. How will it impact bitcoin?

The market capitalization of USD Tether (USDT) has exceeded $120 billion, while that of all stablecoins together reaches $172 billion. This increase implies a greater issuance of these coins, which generally positively influences the price of bitcoin. In recent days, the market capitalization of USDT (which is the largest stablecoin in the world) has increased … Read more

Minneapolis Fed calls for bitcoin ban

The Minneapolis Federal Reserve recently expressed its opposition to bitcoin (BTC), suggesting a “legal ban” on the world’s largest digital currency. This position adds to the criticism of the European Central Bank (ECB), which had already pointed out BTC as potentially “harmful to society.” In a working document prepared by Amol Amol and Erzo Luttmer, … Read more

MEXC and Aptos distribute 1.5 million USDT as prizes in a special event

During the event, users will be able to trade with APT without commissions. The campaign starts on October 21, 2024. Aptos and MEXC have joined forces to launch a series of events focused on Aptos’ native token, APT, offering a total prize pool of up to 1.5 million USDT. The campaign officially starts on October … Read more

Stripe bought stablecoin platform Bridge

This Monday, October 21, 2024, it was reported that Stripe, the online payments giant, purchased Bridge, a stablecoin platform, for an amount of USD 1.1 billion. The transaction, subject to regulatory approvals, is expected to close in the coming months. Stripe CEO Patrick Collison confirmed the acquisition of Bridge in a message published in X, … Read more

Russia to build Bitcoin mining farms in BRICS nations

They assure that they will also work on projects that involve artificial intelligence. The announcement was made within the framework of the BRICS Business Forum, held last week. Russia, through the Russian Direct Investment Fund (RDIF) and BitRiver, the country’s largest mining company, plans to build Bitcoin mining farms in the countries of the BRICS … Read more

18 prosecutors ask Biden to help free Binance executive arrested in Nigeria

They claim Gambaryan was illegally detained by the Nigerian government. They consider applying diplomatic pressure, which would increase his chances of being released. A bipartisan group of 18 US state attorneys general called on the Biden Administration to designate Binance executive Tigran Gambaryan as a hostage under the Robert Levinson Hostage Recovery and Accountability Act. … Read more

A point of sale for payments with BTC arrives at Lago Bitcoin, in Guatemala

The intention is to promote tourism to the community where the “Most Beautiful Lake in the World” is located. Tourists can make purchases without having to convert their money to quetzales. Coincaex, one of the most recognized exchanges in Central America, introduced the BITPOS point of sale in Panajachel, located in the department of Sololá, … Read more

Is Bitcoin ready for a new high? Find out in the news summary

After a few complex months with the price trending downward, the price of bitcoin (BTC) seems to have recovered its upward potential this last week, hovering around USD 68,000. With this, hopes grow that the month of October will honor its traditional history and become uptober. There are several signs generating optimism in the market, … Read more

“Users need to have true sovereignty over their digital lives”

Ledger aims for anyone to own their assets, data, identity and digital life. The company will go on a world tour to promote the concept of secure ownership. Ledger, maker of hardware wallets for bitcoin (BTC) and cryptocurrencies, emphasizes the need for users to have full control over their assets, data, identity and digital life. … Read more