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Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months

Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s…

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Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud

The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams.…

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Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements

Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of…

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Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy

Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo…

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Phoenix BCH Miner Elevates Hashrate to New Highs, Raising Concerns Within the Community

The rise in hashrate allocated by unknown miner Phoenix to the BCH network has raised questions about the true motives of this action. Phoenix took BCH’s hashrate to over 10…

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Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business

Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has…

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Russian Central Bank Suggests Using Crypto to Counter Western Sanctions

Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor…

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