Tag: News

Luxury Brand Ralph Lauren Now Accepting Crypto Payments at Its New Miami Store – Featured Bitcoin News

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The U.S. luxury brand Ralph Lauren has said customers can now pay via crypto at its Miami Design District location. The store has also been designated the luxury brand’s focal point for Web3 promotions. Bitcoin, ethereum, and polygon are among the cryptocurrencies that are accepted at Ralph Lauren’s new store in Miami. Miami Store Ralph Lauren’s Web3 Promotions Focal Point United States luxury brand Ralph Lauren said on April 5 that it will accept crypto payments at its new store in Miami. According to a statement released by Bitpay, Ralph…

‘It Will Be Spectacular, Capitulation Will Be Epic’ – Finance Bitcoin News

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Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff Warns of Gold Rally: ‘It’s Real’ Peter Schiff, the chief economist of Europac and gold permabull, believes that a gold bull market brewing will take the precious metal to even higher prices than it reached. Motivated by the recent…

Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase – Mining Bitcoin News

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On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher Bitcoin’s current difficulty of approximately 47.89 trillion is an all-time high, meaning it has never been harder for bitcoin miners to find blocks. The current Bitcoin protocol difficulty level mandates that miners execute roughly 47.89…

Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities – Regulation Bitcoin News

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Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report, officials from Dubai’s Virtual Assets Regulatory Authority (VARA)…

New York Regulator Calls Crypto Theories Associated With Signature Bank Closure ‘Ludicrous’ – Regulation Bitcoin News

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Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured deposits” and insufficient liquidity were some of the reasons why it was closed. Signature Bank’s Liquidity Challenges Head of the New York State’s Department of Financial Services (DFS), Adrienne A. Harris, recently reiterated the regulator’s stance that the closure of Signature Bank had nothing to do with its crypto banking business.…

Ukraine Dismantles $40 Million Russian Crypto Pyramid – Bitcoin News

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Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With Russian Roots Busted in Ukraine Officers from the Security Service of Ukraine (SBU) have unraveled a fake investment scheme called ‘Life Is Good,’ the agency announced on Tuesday. The fraudsters behind it offered potential clients to multiply their money by acquiring shares of global enterprises. The organizers…

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto – Defi Bitcoin News

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The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. U.S. Treasury Report Assesses Risks Associated With Decentralized Finance The U.S. Treasury released a report on April 6, 2023, that assesses the purported risks of defi. “The risk assessment explores how illicit actors abuse defi…

Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard – Bitcoin News

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On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital currency payment systems. MTG Blasts U.S. Central Bank’s Fednow Digital Currency Program Representative Marjorie Taylor Greene (R-GA) is known for her controversial statements and is not shy about expressing her opinions. The American politician and…

DOGE Extends Declines on Thursday, Falling by Nearly 9% – Market Updates Bitcoin News

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Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level. Dogecoin (DOGE) Dogecoin (DOGE) fell for a third consecutive session on Thursday, as market sentiment shifted bearish, following strong gains to start the week. DOGE/USD dropped to a low of $0.08857 earlier in the day, which comes less than 24-hours after trading at…

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges – Bitcoin News

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In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions in a Single Day, Transfer Count Remains Parallel With Ethereum’s Daily Rate The Ethereum Layer 2 (L2) scaling solution, Arbitrum, has seen a significant amount of activity over the last 20 days or since March…