Tag: Report

Bitcoin choked by ‘exacerbating sell-side pressure’ from short-term holders: report

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Bitfinex analysts said Bitcoin buyers with purchases in the last month were the hardest hit during recent crypto market selloffs. Bitcoin (BTC) shed 13.5% of its value in the past 30 days and has dropped over 29% from its all-time high set in January, the biggest correction of the current bull cycle, according to the Bitfinex Alpha Report released on March 17.  Past cycles witnessed similar drawdowns ranging from 30% to 50%. However, some expected a different outcome this time due to new institutional adoption through spot BTC exchange-traded funds…

S.Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report

South Korea’s central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea Economic Daily report. In response to a question posed by a member of the National Assembly’s Strategy and Finance Committee, the BOK made it clear on Sunday that it has not entertained the notion of embracing BTC. The primary deterrent for the BOK is bitcoin’s notorious price instability, where the central bank fears that the wild swings in…

Crypto users report new scam emails spoofing Coinbase, Gemini

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Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers. In several examples posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch. Source: Steve Kaczynski However, it also provides pre-generated recovery phrases. Once users open…

Brazil’s BRICS presidency prioritizes blockchain for cross-border trade: report

Brazil seems to favor blockchain for BRICS cross-border trade, moving away from talk of a joint currency. Brazil may be exploring blockchain to improve BRICS — which includes Russia, India, China, along with other members — trade transactions, with the topic potentially becoming a key focus during the country’s year-long presidency of the bloc, which began in January, Brazilian newspaper Valor Econômico reports, citing sources close to the matter. The plan appears to be different from past discussions on a BRICS common currency. According to the people close to the…

Bolivia to use crypto to pay for energy imports — Report

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Bolivia’s state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production. A spokesperson for YPFB said that a system had been put in place to use cryptocurrency to purchase energy imports after the government approved the use of digital assets to meet the country’s demand. While YPFB has not used the system yet, it plans…

Bitso Cryptocurrency Latam Report: Stablecoin Adoption Rises, Bitcoin Popularity Dwindles

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The latest Bitso Crypto Landscape in Latam report indicates that the region is still fertile ground for cryptocurrency markets. The stablecoin market grew, accounting for almost 40% of all purchases, while bitcoin purchases diminished to 22%. Bitso Report Shows Stablecoins Remain Strong in Latam Bitso, one of the largest cryptocurrency exchanges operating in Latin America, […] Original

Russian oil companies rely on Bitcoin, Ethereum, and stablecoins for trades with China and India: report

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Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist. Faced with Western sanctions, Russian oil firms are actively turning to cryptocurrencies to move money between China and India, Reuters has learned citing sources close to the matter. One of the sources say some Russian oil companies are using Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) to smooth the conversion of Chinese yuan and Indian rupees to Russian roubles. Although more companies are using…

L2 gaming activity spikes in February, but wallets decline — Report

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Gaming activity on some layer-2 blockchains rose by over 20,000% in February 2025 while the number of daily unique active wallets (dUAWs) dropped, according to a report by DappRadar. Abstract, an Ethereum layer-2 blockchain developed by Igloo, the parent company of NFT collection Pudgy Penguins, led all chains with a growth of over 20,000% in daily active unique wallets (dAUWs). Soneium, Sony’s Ethereum L2 blockchain, came in second with a growth of over 3,200%, and Linea, another L2 blockchain, placed third with over 1,000% growth. Monthly growth of unique active…

Trump family held talks with Binance for stake in crypto exchange — Report

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Representatives of US President Donald Trump’s family have reportedly held talks with Binance about potentially acquiring a stake in the crypto exchange. Binance reached out to Trump’s family representatives in 2024, offering to strike a business deal as part of a plan to resume Binance.US operations in the country, The Wall Street Journal reported on March 13. Citing sources familiar with the matter, the report mentioned that Binance’s billionaire founder Changpeng Zhao — who served four months in prison in the US — has been pushing for the Trump administration…