Day: September 14, 2023

Canadian BTC exchange partners with Costa Rica’s largest fiat payment system

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A non-custodial Bitcoin-only exchange with a head office in Canada, Bull Bitcoin, has formed a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin Jungle, a local crypto wallet solution. According to Bull Bitcoin’s press release from Sept 14, both the citizens of Costa Rica and “foreigners” will be able to convert the local currency, Colones, to Bitcoin, and vice versa. Bull Bitcoin will also allow conversion to and from bank accounts (IBAN) both in Colones and USD via regular bank transfers. The exchange will operate through…

Amazon Launches AI Tool to Help Sellers Create Product Copy

In the face of the AI hype that has swept across the world in recent months, Amazon has refrained from launching its own AI-powered chatbot, opting instead to apply the technology to its businesses. Amazon is rolling out a generative artificial intelligence (AI) tool to help sellers on its platform write copy for their product pages. The tool, which was announced on Wednesday, can be used to create new listings or improve upon existing ones. All the seller has to do is provide some keywords or phrases as prompts. The…

Bitcoin ignores CPI, FTX as BTC price hits September high near $26.6K

Bitcoin (BTC) hit new September highs after the Sep. 14 daily close as markets digested macroeconomic and crypto industry news. BTC/USD 1-hour chart. Source: TradingView Trader: Bitcoin market “feels different” Data from Cointelegraph Markets Pro and TradingView tracked overnight BTC price highs of $26,535 on Bitstamp. The largest cryptocurrency had shaken off higher-than-expected United States Consumer Price Index (CPI) the day prior, maintaining $26,000. Subsequent confirmation that defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoin’s comparatively solid intraday performance. At the…

SWIFT Expands CBDC Interoperability Testing with Three Central Banks

SWIFT has been actively involved in various CBDC-related projects, including a wholesale CBDC initiative in collaboration with the New York Federal Reserve Bank, utilizing a regulated liability network. SWIFT, a prominent bank messaging platform connecting over 11,500 financial institutions worldwide, announced that three banks have joined the beta phase of its central bank digital currency (CBDC) interoperability project. This move aims to enhance the seamless integration of CBDCs into the existing financial ecosystem. According to the official announcement on September 13, the company also expanded its sandbox testing program with…

TRON Shows Might With 4.8-M Daily Transactions

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Tron (TRX), the blockchain platform founded by Justin Sun, has been showing a good performance for the most part of 2023. The project, which was launched just six years ago, recently registered an impressive surge in transaction activity, underscoring the increasing organic demand for the TRX cryptocurrency.  Recent data from a Nansen report reveals that Tron has been processing a remarkable average of over 4.8 million daily transactions, a testament to its rapid expansion within a relatively short period. Driving Forces Behind Tron’s Surge  Tron’s growth can be attributed primarily…

Singapore Central Bank Issues 9-Year Ban to Three Arrows Capital Founders

The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over the alleged violations of the country’s securities laws. On Thursday, September 14, the Monetary Authority of Singapore (MAS) said in a statement that Davies and Zhu have been banned from regulated activities during the prohibition…

EU spot Bitcoin ETF live, Sei Network beta launches as Tradecurve Markets sells 300M TCRV

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This article covers three of the biggest developments in the crypto space: EU’s first spot Bitcoin ETF, Sei Network’s launch, and Tradecurve Markets‘ sale of 300 million TCRV. Let’s break down how each of these will impact the crypto space. Tradecurve Markets sells 300 million TCRV In stage 5 of the Tradecurve Markets presale, 32 million TCRV tokens have been sold. Tradecurve Markets aims to shape crypto trading by breaking down traditional barriers and democratizing access. The decentralized platform offers various assets, including stocks, Forex, commodities, and cryptocurrencies. Users can register accounts…

Senate Commission will analyze the AI bill in 120 days

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Catching up with the wave of regulatory attention to artificial intelligence (AI), Brazil gets its work plan to discuss, analyze and, if necessary, amend the bill on AI regulation.  On Sept. 12, the local Senate’s Internal Temporary Commission on Artificial Intelligence (CTIA) publicly voted for its own work plan to analyze Senate Bill No. 2338, regulating AI. According to the work plan, the Commission will hold a series of 15 sessions with public hearings included, during the next 90 days. In 120 days, it should come up with a complex…