After the Israeli response against Iran has passed without further escalation, and the Iranians have chosen not to respond, the crypto market, including bitcoin, is surging ahead. With the war threat diminishing, bitcoin is making its way toward the peak of its bull flag, potentially leading to a new record-breaking high. Strikes to save face … Read more
A Russian official shares that BRICS countries are investigating the use of stablecoins for transactions and developing a system to process central bank digital currencies (CBDCs) among themselves. This step is intended to strengthen financial collaboration. Stablecoins could be used by BRICS countries for cross-border transactions, given that their central banks have established a dedicated … Read more
Recently, meme coin expert ZachXBT uncovered that 12 projects on the Solana blockchain, which he had identified as potential meme coins, had been abandoned soon after their presales last month. These projects had collectively amassed an impressive $26.7 million in investments before disappearing without a trace, leaving investors disappointed and empty-handed. In just a month’s … Read more
A group of Bitcoin supporters in Switzerland is leading an effort to encourage the Swiss National Bank to add Bitcoin to its reserves via a constitutional vote. Yves Bennaïm, head of the non-profit organization 2B4CH, emphasized the importance of including Bitcoin in the Swiss national bank’s reserves to preserve our country’s “independence and impartiality” amidst … Read more
According to Coin Center, the proposed stablecoin legislation by Senators Cynthia Lummis and Kirsten Gillibrand could potentially be deemed unconstitutional because it forbids the use of algorithmic stablecoins. In a recent blog post, Coin Center, a non-profit organization promoting cryptocurrency, expressed concern over a proposed stablecoin regulatory bill. They argued that instead of fostering innovation, … Read more