Day: August 3, 2024

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western institutions, especially amid sanctions and Russia’s SWIFT disconnection. BRICS Moves Forward With Digital Payment Platform Initiative The […] Source CryptoX Portal

JPMorgan Expects Silver Prices to Soar in 2025

JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors including an increase in demand from the expected monetary shifts and silver’s value as an inflation hedge. The price action, expected to reach $36 per ounce, will also be aided by supply constraints. JPMorgan Expects […] Source CryptoX Portal

Morgan Stanley’s 15,000 Financial Advisors Can Start Pitching Bitcoin ETFs to Clients Next Week: Report

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Morgan Stanley is set to offer spot bitcoin exchange-traded funds (ETFs) to select clients through its 15,000 financial advisors starting next week. This marks a significant first for a major Wall Street bank. Advisors can pitch Blackrock’s Ishares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients, reflecting the growing acceptance of bitcoin […] Original

Harris campaign seeks relationship reboot with crypto leaders, Ro Khanna to host virtual event

U.S. Representative Ro Khanna is set to host a roundtable discussion between representatives from Vice President Kamala Harris’ campaign and cryptocurrency “industry leaders” on Aug. 5. According to Fox News reporter Eleanor Terrett, the event signifies a “renewed push” to “establish a fresh start with the industry.” 🚨SCOOP: CA Congressman @RoKhanna is hosting another meeting in Washington on Monday for #crypto industry leaders, Democratic politicians, and reps from the @KamalaHarris campaign. Move represents renewed push from pro-crypto Dems to establish a fresh start with the industry. — Eleanor Terrett (@EleanorTerrett)…

Ethereum Price Crashes Below $3,000 As Revenues Drop Toward New Lows

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Ethereum (ETH) recently dropped below the critical and psychological support level at $3,000, raising concerns for ETH bulls. This development comes amid the continued decline in revenue generated on the Ethereum network. Related Reading Ethereum Crashes Below $3,000  Ethereum is down below $3,000, with this downtrend believed to be due to several factors. One is the outflows, which the Spot Ethereum ETFs have been experiencing since they began trading on July 23. Data from Farside Investors shows that these funds again experienced a net outflow of $54.3 million on August…

$21.73 Support Under Siege – What’s Next?

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

2,200 letters flood Senate seeking support Bitcoin proposal

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Following pro-crypto Senator Cynthia Lummis’ plea to enact a Bitcoin Strategic Reserve bill at the end of July, U.S. Senators have now received over 2,200 letters urging them to support the proposal.  The bill aims to create a “decentralized network of secure Bitcoin (BTC) vaults” managed by the U.S. Treasury, mandating lawmakers and government officials to implement stringent cybersecurity protocols and physical security measures to safeguard Bitcoin assets from theft. BIG BREAKING: In just 48 hours over 2,200 letters have been sent to U.S. Senators requesting them to co-sponsor and…

Crypto Exchange Giant Bybit Pulls Services From France Amid Regulatory Issues

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The crypto exchange giant Bybit pulled trading services from France this week due to regulatory issues. Bybit announced on Thursday that all accounts associated with French nationals and residents would shift to “close-only mode” the following day, blocking users from adding to or opening new positions. The exchange encouraged users to move their assets and funds to different accounts and noted that all remaining open positions would be liquidated on August 13th. From that point onward, French users will only be able to make withdrawals. The Autorité des Marchés Financiers,…