Wallets

Why is Bitcoin price up today?

• by admin
• August 30, 2023

Bitcoin’s price is booming as investors’ excitement over the Grayscale victory over the SEC fuels dreams of a new bull market. MARKET UPDAT Bitcoin’s price is up today, rising 5% with a sharp, upward candle that sent the price to a two-week high of over $28,000 after United States Court of Appeals Circuit Judge Neomi Rao sided with the […]

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USDC will launch natively on Base network ‘next week’ — Jeremy Allaire

• by admin
• August 30, 2023

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. NEWS Circle’s United States dollar stablecoin, USD Coin, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version […]

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Circle launches USDC stablecoin on Mercado Pago in Chile

• by admin
• August 30, 2023

The partnership will purportedly bring USDC to 2 million users in Chile. NEWS Fintech company Circle announced a partnership with Mercado Libre on Aug. 29 to bring the USD Coin stablecoin to Mercado Pago. Referring to Mercado Libre as “the Amazon of LATAM with 200M users,” Circle CEO Jeremy Allaire posted a thread on X (formerly Twitter) announcing the […]

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One less crypto-friendly candidate — Miami mayor ends US presidential run

• by admin
• August 30, 2023

Along with longshot Democratic hopeful Robert F. Kennedy Jr., Francis Suarez was one of the few openly crypto-friendly candidates running in 2024. NEWS Miami Mayor Francis Suarez, one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement […]

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Crypto community jubilant over Grayscale decision, but uncertainty remains

• by admin
• August 30, 2023

The court’s decision that the SEC has to consider Grayscale’s Bitcoin spot ETF application is good news for crypto but maybe not as impactful as some hoped. NEWS The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF application. The United […]

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Elon Musk’s X moves closer to crypto payments with new state license

• by admin
• August 30, 2023

Regulators from Rhode Island have approved X’s application for a currency transmitter license. NEWS Rhode Island’s regulators have granted X (Twitter) a currency transmitter license, marking a step forward for the company’s foray into the financial services sector.  The license is legally required for companies conducting financial activities on behalf of users related to sending […]

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Binance launches crypto-to-bank account payment product in Latin America

• by admin
• August 30, 2023

Binance’s Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia. NEWS Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region. On Aug. 30, Binance said it’s working with licensed transfer processing providers for its […]

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Stronghold requests permission to burn tires for crypto mining in Pennsylvania

• by admin
• August 30, 2023

The company requests the use of tire-derived fuel, citing the United States Environmental Protection Agency’s approval to use this energy source at other industrial facilities in the state. NEWS Stronghold Digital Mining, a Pennsylvanian crypto-mining company, is currently seeking approval to produce up to 15% of its energy using shredded tires, at its Panther Creek […]

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GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17%

• by admin
• August 30, 2023

GBTC shares trading at a lower implied value to BTC price may soon be a thing of the past, a new prediction says. MARKETS NEWS Bitcoin  BTC $27,452  investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024. In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” […]

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Crypto community reacts to Biden’s proposed crypto tax reporting rules

• by admin
• August 28, 2023

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. NEWS Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States President Joe Biden.  On Aug. 25, to catch crypto users avoiding taxes, the Internal Revenue […]