Month: August 2023

Only 17% of Russians would agree to store more than $200 in CBDC

According to a recent survey, conducted by the joint team of Saint Petersburg Exchange and the Russian Trading System (RTS), more than half of Russian citizens are willing to store their money in a central bank digital currency (CBDC). However, when it comes to storing more than 20,000 rubles (roughly $212), only 17% trust digital ruble.  The survey involved over 2,000 respondents across the country aged 18 to 65, and its results were published in the local newspaper Izvestia on Aug 24. According to the report, 58.3% of responders are…

XRP whale moves 29 million tokens to Bitstamp amid price slide

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As XRP (XRP) struggles to maintain upward momentum following Judge Analisa Torres’ summary judgement in the United States Securities Exchange Commission v. Ripple Labs case that XRP isn’t a security, investors appear to be selling off their holdings. Adding to this, a significant whale has moved 29 million XRP, valued at over $15 million, to a crypto exchange amid a price decline approaching the support level. Whale Alert posted on Aug. 24 that a large holder transferred 29.3 million XRP worth $15.13 million to Bitstamp exchange. Additional information suggests the possibility…

HashKey to start Bitcoin and Ether retail trading in Hong Kong from Aug. 28

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Asian cryptocurrency exchange HashKey is set to start offering Bitcoin (BTC) and Ether (ETH) crypto trading services to retail customers in Hong Kong starting on Aug. 28, according to a local media report. Investors will only be allowed to invest up to 30% of their net worth into cryptocurrencies when using the platform. HashKey became the first crypto exchange in Hong Kong to get regulatory clearance to offer crypto trading services to retail traders after upgrading two major licenses issued by the country’s Securities and Futures Commission (SFC). The first…

Cathie Wood’s ARK Invest Joins Ethereum Futures ETF Race After Spot Bitcoin ETF Delay

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The US Securities and Exchange Commission (SEC) had on August 11 moved to delay its decision on the ARK 21Shares Spot Bitcoin ETF application. Following this, Cathie Wood’s ARK Invest and 21 Shares has moved to apply for a separate Ethereum futures ETF in what many may consider a double-barreled approach for these firms.  ARK Invest Joins Ethereum Futures ETF Race According to a filing with the SEC on August 24, ARK Invest and 21 Shares will act as sub-adviser and sub-sub-adviser respectively, on two separate funds that seek to…

P2P marketplaces need to become unstoppable, permissionless

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Peer-to-peer Bitcoin (P2P) marketplaces remain an important cog in allowing users to move money across borders, but their future depends on becoming permissionless and unstoppable according to Paxful’s Ray Youssef. Youssef, alongside Nicolas Gregory and Antoine Riard, is driving the development of CivKit, a P2P marketplace that will leverage the technology of Nostr and the Lightning network to power a decentralized platform allowing censorship resistance and permissionless trading between peers. Youssef spoke exclusively to Cointelegraph’s Joe Hall at the Surfin’ Bitcoin conference hosted in Biarittz, France about the in-development project…

Sailor paints giant ‘B’ on boat to promote crypto across the waves

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There are some passions that are larger than life—some so expansive that they cover the seven seas. For Rémi, a captain from Brussels, this is the case.  Rémi discovered Bitcoin (BTC) in early 2021 and has been on a mission to combine this with his longtime love of sailing. Cointelegraph reporter Joe Hall met up with Rémi on his vessel, which he calls the Sato Boat — short for Satoshi — to hear more about his nautical endeavors. Sato Boat’s sail with a massive Bitcoin logo painted on it. Source:…

Tornado Cash developer Roman Storm released on bail, lawyer says

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Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash who was arrested on money-laundering and other charges on Aug. 23, was released on bail soon after he was detained by the United States Department of Justice (DOJ), his lawyer said. Storm’s lawyer, Brian Klein, took to X (formerly Twitter) on Aug. 24 to announce that Storm had been released on bail. Klein noted that he still remains “very disappointed” about the fact that the prosecutors charged the developer just because he helped to develop software. He added: “Their…

Tron August Slump Reversed – Will Bulls Get What They Want?

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Tron (TRX) has orchestrated an impressive recovery, bouncing back from last week’s dip of $0.07000 and regaining losses it incurred this month.  As of the latest data from CoinGecko, the TRX price currently stands at $0.076, despite a minor 1.2% decline over the past 24 hours. This resurgence follows a decent seven-day rally that has seen TRX gain 5.4%.  Delving into the technical analysis on a weekly timeframe, it becomes evident that TRON has been tracing an ascending support line since November 2022. This trajectory has been consistently validated through…

Binance records massive $150m Bitcoin withdrawal in 60 seconds

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance experienced a rapid Bitcoin (BTC) withdrawal worth $150 million across five transactions in one minute, all recorded in the same block.  According to the blockchain tracker Whale Alert data, there were five major Bitcoin withdrawals worth 5,729 BTC (approximately $150 million) from Binance within a minute. All five transactions were included in block 804522. These withdrawals could indicate several factors, including security, investment strategy, or preparation for a major transaction. Major transfers from Binance |…