Crypto prices have dumped hard in the last few hours since the close to US marts on Tuesday, with Bitcoin (BTC) dipping 6%, Ethereum (ETH) 9% and Solana (SOL) 7% in the last 24 hours as per CoinMarketCap. The sudden sell-off commenced at just after 5pm Eastern time. Over the course of about one hour,...
On August 26, the United Arab Emirates (UAE) requested the French government to grant consular services to Telegram CEO Pavel Durov, who was arrested last Saturday at Paris-Le Bourget Airport. UAE’s Request and France’s Legal Standpoint Duro, a multi-national citizen, including that of the United Arab Emirates, is facing serious allegations. French prosecutors have leveled...
The foundation clarified that approximately 38% of its spending in both years was directed toward internal initiatives, while the remaining 62% was allocated to external grants. Internal spending includes support for key teams working on projects like Geth, Privacy & Scaling Explorations, Solidity, and Cryptography Research. According to the thread, these teams operate highly transparently,...
Mexico City Home to Over 55 Crypto ATMs “Entering the Mexico market is a logical next step for CoinFlip as we continue our international expansion efforts. We’re confident that as adoption of cryptocurrency increases in Mexico, people will seek out technologies like CoinFlip to provide them with a convenient, secure, and easy way to buy,...
Crypto analyst EmberCN estimates in his X post from Aug. 23 that the average cost per Bitcoin in El Salvador is around $44,835. This translates to a potential upside of $93.45 million (+35%) based on current market prices. El Salvador’s Bitcoin Strategy – More Than Just Buying El Salvador’s president, Nayib Bukele, initiated this daily...
Alternatives for a ‘National Crypto Exchange’ Meanwhile, should plans to roll out national crypto exchanges in Moscow and St. Petersburg come to naught, other regions appear keen to step in. Business Online quoted Yakov Tenilin, the founder of the crypto project Crypto-Polygon, as stating that the Republic of Tatarstan’s IT Park has a plan in...
‘Special Dispensation’ Granted The Virtual Asset Joint Investigation Team is South Korea’s leading police crypto investigation unit. It handles several important crypto cases, including the probe into Do Kwon and the collapse of the Terra ecosystem. However, the team was given special dispensation to deal with the superintendent’s case. The media outlet Chosun Ilbo explained:...
The Bitcoin price surged to a new two-week high on Friday exceeding $62,000 following Fed Chair Jerome Powell’s Jackson Hole speech. During his address, Powell hinted at a potential series of rate cuts by the world’s largest central bank. SUMMARY OF FED CHAIR POWELL'S REMARKS (8/23/24): 1. "The time has come for Fed policy to...
Crypto Assets Fund Flows Surge on Positive Outlook In his speech, Powell discussed the progress made in reducing inflation and cooling the labor market while avoiding a sharp increase in unemployment. Overall, the speech conveys confidence in the Fed’s ability to achieve its dual mandate of price stability and maximum employment. Powell’s suggestion that the...
Crypto is now a store of value and a financial speculation instrument, but there is no “kick-ass mainstream use case that we want.” The next evolution of AI could become that use case, said Goertzel. Hence, the team is looking into ways to launch the next AI evolution on the ASI infrastructure. Certain useful elements...