Tag: Cryptocurrency

Stripe Brings Back Cryptocurrency Payments Via Circle’s USDC Stablecoin

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Democracy Fails Without Cryptocurrency

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Amidst a decline in traditional democratic structures and financial systems, cryptocurrencies emerge as a revitalizing force, offering a new form of accountability and transparency that could potentially restore public institutions. Cryptocurrency Might Be the Last Hope for a Crumbling Democratic System It’s become clear that democracy is in trouble, especially after the scale of disasters […] Source

Bitcoin Halving: The Cryptocurrency Carnival Buzz

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Forget the World Cup; forget the Super Bowl. In the world of cryptocurrency, there’s a spectacle that trumps them all: the Bitcoin halving. It’s not just any old event in the crypto calendar—it’s the grand fiesta where fortunes can flip and the stakes are sky-high. And it’s happening tomorrow. What’s the Big Deal? Satoshi Nakamoto, the mysterious architect behind Bitcoin, didn’t just create a currency; he scripted a drama that unfolds every four years, pulling in viewers from across the globe. Every 210,000 blocks, Bitcoin undergoes what’s known as a…

Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation

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Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […] Source

Bitcoin Depot Thrives Amid Cryptocurrency Volatility

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Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has demonstrated remarkable resilience in its revenues despite the volatile nature of cryptocurrency prices. According to its recently filed 10-K annual report on April 15, the company disclosed revenues of $689 million in 2023 and $647 million in 2022, indicating a strong performance unaffected by Bitcoin’s price fluctuations. Bitcoin Depot’s Robust Revenue Amid Market Volatility Despite the tumultuous movements in cryptocurrency prices, Bitcoin Depot has maintained steady revenue growth, showcasing its stability amidst market turbulence. Even during periods of…

Bank of Russia Supports Cryptocurrency Usage for International Settlements

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The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […] Source

Australian Regulator Initiates Civil Proceedings Against Three Cryptocurrency Investment Firms

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The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way to protect investors’ assets, which are at risk of being depleted. Protecting Investors’ Assets The Australian Securities […] Source