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Cryptocurrency News

Location American Cryptocurrency News for 18 August 2024
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause st...
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Privacy Fears Undermine Support for Digital Euro in Germany Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with...
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Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the...
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Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic ...
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UBS Urges Caution Despite Positive US Economic Data

Bitcoin.com - 18 Aug 2024 22:30
UBS Urges Caution Despite Positive US Economic Data UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS ca...
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Bitcoin bulls should steer clear of MicroStrategy's new leveraged ETF Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.
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Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% ...
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Meme Coins Lose Steam: $20 Billion Wiped From Market Since May During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Go...
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Polymarket Open Interest Rebounds as August Set to Challenge July's Record Polymarket, the leading blockchain-powered predictions platform, saw its highest monthly volume to date in July. However, August has so far captured just over 68% of July’s total volume, with 13 days still remaining in...
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Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 ex...
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Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether's Growth Spurt The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin B...
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Goldman Sachs' Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More -- Week in Review Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin propone...
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LBank Celebrates 9th Anniversary With Over $1,000,000 in Prizes PRESS RELEASE. Singapore, August 18th, 2024 - In the rapidly evolving cryptocurrency industry, LBank has established itself as a key player. Over the past nine years, LBank has achieved numerous milestones and has grown ...
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X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, is...
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Coinbase, KuCoin, others join in Turkey crypto license application As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
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Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in crypt...
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Crypto analyst doubts Bitcoin dominance is 'going back up' to 70% again Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its "final move" to 60% either in September or, at the latest, by December 2024.
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NFTs Enrich Gaming Communities, Drive Stronger Engagement, Says Gaming Veteran According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming ...
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Lemon Pioneers Fiat-Crypto Interoperability Services in Peru Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes re...
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Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
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Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the ...
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Indian Authority Arrests Man in Crypto Extortion Case A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 cro...
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