Tag: News

ETH Hits $2,000 Following Shapella Upgrade – Market Updates Bitcoin News

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Ethereum moved above $2,000 on Thursday, as markets continue to react to the successful Shanghai update. The upgrade, which is also known as “Shapella,” took place late last night, enabling withdrawals on the blockchain. Bitcoin remained above $28,000. Bitcoin Bitcoin (BTC) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%. Following a $29,725.57 low on Wednesday, BTC/USD rose to an intraday peak of $30,462.48 earlier in the day. This move sees bitcoin remain near a…

‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet – Featured Bitcoin News

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Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update on his ongoing $1 million-dollar bitcoin bet “soon,” noting that “the reason I did that was to draw attention to this crisis.” Balaji Envisions Fall of Western Fiat, Promotes In-Person Meetups to Build Trust Speaking remotely at the first in-person…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple – Finance Bitcoin News

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Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary Authority of Montenegro to Cooperate With Ripple on ‘National Stablecoin’ Project The Central Bank of Montenegro (CBCG) has signed an agreement with blockchain solutions provider Ripple under which the two sides will collaborate to produce a strategy and pilot program to launch the country’s central bank…

Interest Rates to Fall to Pre-Pandemic Levels Once Inflation Is Tamed – Economics Bitcoin News

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When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “cleaner economy in a budget-neutral way” could result in lower rates in the medium term. Recent Interest Rate Hikes Temporary Interest rates in advanced economies are likely to fall to pre-pandemic levels when authorities succeed in bringing inflation back under control, the latest International Monetary Fund (IMF) blog post has suggested.…

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal – Bitcoin News

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According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari Group, as noted in the business combination filing. Bitdeer to Be Publicly Listed on Nasdaq Under the Ticker Symbol BTDR A Singaporean company, Bitdeer Technologies Holdings, founded in 2018 by former Bitmain CEO Jihan Wu,…

China Fines Bitmain $3.6 Million for Tax Violations, Report – Mining Bitcoin News

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Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices designed for cryptocurrency mining, Bitmain, has reportedly been fined for unpaid taxes. The news was spread on social media by Chinese crypto journalist Colin Wu, also known by his Twitter handle ‘Wu Blockchain.’ Bitmain, the…

G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies – Regulation Bitcoin News

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The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” said Japan’s Vice Minister of Finance for International Affairs. G7 to Discuss Stronger Crypto Regulation The G7 countries will discuss tighter cryptocurrency regulation as well as explore ways to assist developing countries in introducing central bank digital currencies (CBDCs)…

BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’ – Economics Bitcoin News

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The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence Russia’s Minister of Foreign Affairs, Sergey Lavrov, stressed the need for joint efforts to counter Western countries’ “destructive actions” on Monday at a meeting with ambassadors from the BRICS countries, Russian news agency Tass reported. The BRICS…

IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased – Economics Bitcoin News

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The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF Economist’s Warning Pierre-Olivier Gourinchas, Economic Counsellor and the Director of Research of the International Monetary Fund (IMF), shared his global economic outlook in a blog post published by the IMF Tuesday. “The economic slowdown is most pronounced in advanced economies. Inflation is falling more slowly than anticipated,” he wrote. “Recent banking instability reminds us, however, that the…

Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure – Bitcoin News

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According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the Securities and Exchange Commission (SEC) five days earlier. Binance US Reveals Spell and Tron Deslisting Binance US announced that it plans to delist the cryptocurrency assets tron (TRX) and spell (SPELL) on April 18, 2023. The company stated that it…