Tag: News

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ – Regulation Bitcoin News

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Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the senator who introduced the bill. Defending Americans from Authoritarian Digital Currencies Act U.S. Senator Tom Cotton (R-Arkansas) introduced the “Defending Americans from Authoritarian Digital Currencies Act” Wednesday. The bill is co-sponsored by Senators Mike Braun…

Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks – Altcoins Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Study Shows the United States Is Home to 41% of the NFT Companies Worldwide – Bitcoin News

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According to a study called “A World of NFT Adoption” published by nftclub.com, the United States has the most non-fungible token (NFT) company headquarters in the world. While the U.S. captures more than 41% of the NFT companies worldwide, the second largest number of NFT startup locations stems from Singapore, as the country hosts over 10% in the region. 91 NFT Companies Reside in the US, Singapore Follows With 24 Startups, Taiwan Leads the World in Terms of NFT Interest NFT Club published a research report that analyzes Google searches…

Bulgarian Crypto Trader Disappears Under Mysterious Circumstances – Bitcoin News

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The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire Police in Bulgaria are trying to locate a businessman who went missing under strange circumstances earlier this week. The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, according to media reports, made money from crypto trading. Prosecutors in Sofia are…

Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting – Bitcoin News

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The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves. David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’ David Dodge, the former seventh governor of the Bank of…

How StableFunds Has Made It Extremely Easy to Trade Altcoins – Sponsored Bitcoin News

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sponsored UK-based StableOne’s newest venture, an app called StableFund, is spearheading a new outlook on crypto. This innovative app is all set to make the lives of crypto investors a lot better. Built on the Polygon chain and powered by sophisticated technology, this state-of-the-art AI trading bot is full of promise. StableFund gives users a platform to trade altcoins using its AI bot. Altcoins, short for alternative coins, are cryptocurrencies other than Bitcoin. The most popularly known altcoins include Ethereum, Ripple, NEO, etc. These cryptocurrencies are fast gaining momentum owing…

DOT Rebounds Following Recent Losses, as RUNE Moves Toward Multi-Week Low – Market Updates Bitcoin News

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Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped, with the token falling towards them. Prices of RUNE are down by over 10% as of writing. Polkadot (DOT) DOT was a notable mover during Friday’s session, as prices rebounded following two consecutive days of losses. After two days of declines, DOT/USD dropped to a bottom of $8.61 on Thursday, however, it followed that up with a nearly 10% rally…

After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum’s Valuation Shrinks – Market Updates Bitcoin News

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Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest value since October 30, 2021. Moreover, ethereum’s market dominance has slid from 19.56% on April 16, to today’s 17.1%. Bitcoin Dominance Reaps Rewards from Terra’s Demise Bitcoin (BTC) dominance among the 13,445 crypto market caps in existence today is 43.8%, the highest it has been in…

ETH Selloff Intensifies Heading Into the Weekend – Market Updates Bitcoin News

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ETH was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst the overall cryptocurrency market cap was down almost 1% as of writing. Bitcoin was slightly higher despite today’s increased volatility. Bitcoin Bitcoin marginally rose during today’s session, with prices consolidating in the aftermath of Thursday’s decline. Yesterday saw BTC/USD drop to an intraday bottom of $28,261.91, which was a two-week low, however prices have somewhat rebounded today. So far on Friday, bitcoin has moved above its floor of $28,800, hitting…

While Stocks Rebound, Analysts Discuss Bitcoin’s Decoupling, Gold Markets Remain ‘Under Pressure’ – Finance Bitcoin News

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U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile gold has been hanging below the $1,850 per ounce mark as Kitco’s Neils Christensen says gold markets remain “under pressure, seeing no major buying momentum.” Analyst Says ‘Doom and Gloom’ Predictions ‘May Have Been Overdone’…