Tag: News

Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment – Sponsored Bitcoin News

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sponsored The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong with Alchemy Pay, while Alchemy Pay commits to provide crypto payment solutions to all businesses in ZD Group. This collaboration aims to promote resource sharing and foster stronger business ties…

BTC Nearing $25,000 as Banks Face Exodus of Deposits – Market Updates Bitcoin News

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Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with its stock dropping by over 60% on Monday. Ethereum was also higher in today’s session. Bitcoin Bitcoin (BTC) extended recent gains on Tuesday, as prices rose higher for a fourth consecutive session. Banking stocks were significantly lower to start the week, with…

Spain Prepares to Expand Offer of Gold Bullion Coins for Investors – News Bitcoin News

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The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in high-quality gold pieces for this batch, a significantly higher amount of gold compared to the two series issued before. Spanish National Coin Factory Prepares Gold Bullion Coin Issuance Spain is preparing the issuance of a new gold bullion coin to satisfy the demand of the market for such instruments. In…

Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News

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The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued at $194,000 was recovered during the arrests. According to a lawyer representing over 1,000 victims, as many as 800,000 people may have fallen prey to the scam. 88 Digital Currency Wallets Used to Receive Funds From Investors Egyptian police recently arrested 29 individuals thought to be the masterminds of the Hoggpool cryptocurrency…

Study Shows QR and Digital Payments Continue Gaining Ground in Argentina – Fintech Bitcoin News

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A recent study made by Fiserv, a global payments company, shows that QR and digital wallets have grown significantly as payment options in Argentina. While credit card preference has stagnated, the use of cash for payments has decreased, with only 14% of the polled choosing to use it over other options in the country. Argentina Goes Digital in Payments Arena Argentines are slowly turning to digital payments, including QR code and digital wallet transfers, as part of their everyday arsenal to settle payments, according to a recent study made by…

HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England – Finance Bitcoin News

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The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC, according to Chancellor of the Exchequer Jeremy Hunt. He stressed that “Deposits will be protected, with no taxpayer support.” British Government Announces Acquisition of Silicon Valley Bank UK by HSBC HSBC has acquired Silicon Valley Bank UK (SVB UK), the British subsidiary of Silicon Valley Bank (SVB) that was shut down by U.S. regulators on Friday. British Chancellor of the Exchequer Jeremy Hunt tweeted Monday: This morning,…

SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’ – Featured Bitcoin News

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South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill is clearly “a threat to our freedom,” the governor urged 20 other states that are about to consider a similar bill to “block this legislation from passing.” South Dakota’s Governor Vetoes Bill That ‘Bans’ Bitcoin and Other Cryptocurrencies for Use as Money The government of the…

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News

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Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and Signature Bank. Goldman Sachs Revises Rate Hike Forecast Global investment bank Goldman Sachs has revised its interest rate hike prediction for the upcoming Federal Open Market Committee (FOMC) meeting in March. In a note to…

Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin – Bitcoin News

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject more “fake money” into the “sick economy.” Robert Kiyosaki’s ‘Crash Landing’ Warning Rich Dad Poor Dad author Robert Kiyosaki warned about an incoming economic “crash landing” Monday after two major banks were shut down by regulators in the U.S. Rich Dad Poor Dad is a 1997…

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure – Bitcoin News

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Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong anti-crypto message.” Frank, who also serves as a Signature board member, explained that he was surprised by the financial institution’s demise. The Third-Largest Bank Failure in U.S. History: Signature Bank’s Demise was Confusing to Company Executives New York regulators from the Department of Financial…