Qatar Central Bank (QCB) has successfully completed the development of its central bank digital currency (CBDC) infrastructure. Per a Sunday announcement, the national bank is pushing the CBDC for testing large payment settlements using latest advanced technologies. It is planning to collaborate with local and international banks for the testing and development. “QCB is evaluating...
El Salvador’s crypto-friendly President Nayib Bukele, 42, is set to govern for another five years taking near-total control of parliament. President Bukele took the oath of office at the National Palace in San Salvador this weekend. During the ceremony, he received the presidential blue and white sash from Ernesto Castro, the President of the Legislative...
Claudia Sheinbaum, former mayor of Mexico City, has been elected as the first female president of Mexico. She is anticipated to maintain the current administration’s approach to crypto regulation. This election is expected to continue Mexico’s current crypto policies, as Sheinbaum is a member of the ruling Morena party and aligns with the policies of...
Veteran trader Peter Brandt predicts Bitcoin’s next bull market peak could reach $150,000 by late August or early September 2025. According to an analysis published on the Brandt’s website, the Bitcoin halving events, where the mining rewards are halved from the previous cycle, have shown a remarkable pattern of almost perfect symmetry within past bull...
On June 2, Monochrome Asset Management, based in Australia, revealed that its Bitcoin exchange-traded fund (ETF), IBTC, would go live soon. This launch will make IBTC the first spot Bitcoin ETF to be traded in Australia. First Australia’s Spot Bitcoin ETF Holdings Will Be Stored Offline Monochrome disclosed that its Bitcoin ETF (IBTC) will begin...
On Monday, the price of Bitcoin increased by 1%, opening at $68,473 and reaching an intra-day high of $68,733.Despite ongoing volatility, traders and investors remain speculative about future movements, closely watching the global crypto market cap, which increased by 0.42% to $2.55 trillion. The total crypto market volume surged by 45.83% to $66.2 billion in...
On June 2, Billy Markus, the co-founder of Dogecoin, strongly criticized the cryptocurrency industry. He described the market as a “rigged casino” full of dumb people, reflecting his disillusionment with the industry. Deep Dive Behind Billy Markus Insights In a post on X, Billy Markus tagged the crypto market as a place where most people...
Digital asset investment products saw $185 million in inflows last week, marking the fourth consecutive week of positive investment trends. In total, these products attracted $2 billion in inflows in May, propelling year-to-date inflows past the $15 billion mark, reaching an all-time high, according to a recent report from CoinShares. Although the weekly volumes experienced...
Former FTX Digital Markets CEO Ryan Salame is writing a memoir about his experiences working for SBF’s now-collapsed crypto exchange, a Monday X post by the once FTX executive reveals. Former FTX Exec Ryan Salame Writing Memoir About FTX, Alameda Research According to the post, Salame has “dedicated a significant amount” of time to chronicling...
Outspoken Bitcoin investor and MicroStrategy founder Michael Saylor will forfeit $40 million in order to settle income tax fraud litigation brought against him by the Washington D.C. Attorney General’s office, the agency announced Monday. MicroStrategy Founder Settles D.C. Income Tax Fraud Case For $40 Million In August 2022, then D.C. Attorney General Karl Racine announced...