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Christopher Wilson addresses critical issues in financial investigations at the GIR Live: Asia-Pacific Investigations Summit 2024. (Read More)
The post Putin Acknowledges Russia Examining Digital Currencies For Independent Payments appeared first on Coinpedia Fintech News
Vladimir Putin has recently acknowledged that the Russian Federation is currently examining using national digital currencies as key elements of a new alternative payment platform. Putin added that such a system would work smoothly and independently of third countries, a characteristic Russia would seek in such a platform. Putin stressed that this objective was generalized, …
The post Cryptocurrency Purchases in Brazil Reach $12.37 Billion YTD! appeared first on Coinpedia Fintech News
According to data from the Central Bank of Brazil, cryptocurrency purchases made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023, which indicates that exchanges and trading platforms are preparing to accommodate a large demand for digital …
The post Ripple Mints Massive 350,000 RLUSD Stablecoins Within 24 Hours! appeared first on Coinpedia Fintech News
In a disruptive move, Ripple has minted 350,000 RLUSD stablecoins within 24 hours. The mint was done in two transactions of 300,000 RLUSD and 50,000 RLUSD as reported by Ripple Stablecoin Tracker in an X post. Ripple’s RLUSD stablecoin is currently in private beta on XRP Ledger and the Ethereum mainnet. The latest minting spree …
The post US Releases Updates Estimates For GDP In Q2, GDP Continues To Grow appeared first on Coinpedia Fintech News
Today, the BEA released updated estimates for GDP in the second quarter as well as their annual revision. The report showed that GDP continued to grow at a strong pace in Q2, rising 3.0%, driven by strong consumer spending and business investment. The final annualized quarterly rate of the core PCE price index in the …
The post Gary Gensler Claims Crypto Regulations Exist, Affirms BTC Is NOT A Security appeared first on Coinpedia Fintech News
SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the publics interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. …
The post Binance Extends Support To P2E Hamster Kombat, Trading Goes LIVE appeared first on Coinpedia Fintech News
Binance has extended trading support for Telegram-based P2E Hamster Kombat today, sparking excitement across the broader crypto market. As per the announcement, HMSTR will be added to the Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest domains of the top crypto trading platform. Users can buy the token via VISA, MasterCard, Google Pay, Apple Pay …
The post OnyxDAO Hit by $3M Hack: Exploit Targets Decentralized Protocol appeared first on Coinpedia Fintech News
OnyxDAO has been hacked, losing approximately $3.2 million, according to blockchain security firm PeckShield. The firm traced the exploit to a precision flaw in the CompoundV2 code base, which allowed hackers to manipulate the exchange rate and siphon off funds. The stolen assets include VUSD 4.1 million, XCN 7.35 million, 5,000 DAI, 230 WBTC, and …
Toppers on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.
The post Visa To Launch Its Tokenised Asset Platform For Banks in 2025 appeared first on Coinpedia Fintech News
Visa plans to launch its Tokenized Asset Platform (VTAP) for banks in 2025. This platform will let banks issue fiat-backed tokens for use on the Ethereum blockchain, aiming to enhance transaction speed and security. Visas platform seeks to streamline banking transactions and boost security by using Ethereums smart contracts. One of the first financial institutions …
The post US Congressman Tom Emmer Sharly Criticises Gary Gensler, Calls Him Lawless Chairman of The SEC appeared first on Coinpedia Fintech News
The SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. Rep. Tom Emmer sharply questioned the SEC Chair during the hearing. Emmer also accused the SEC of causing confusion in the market and lacking accountability. He noted that the …
The post SEC Commissioner Criticizes SEC For Not Admitting That Crypto Tokens Are Not Securities appeared first on Coinpedia Fintech News
In a latest development, SEC Commissioner Hester Peirce, known as Crypto Mom in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institutes SEC Speaks conference in Washington, D.C., she stressed the negative effects SECs regulatory ambiguity is having on the …
The post Ether Outperforms BTC After Fed Rate Cut, Suggests Bullish Sentiment appeared first on Coinpedia Fintech News
Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. Since the Fed initiated its first rate reduction in four years, ether increased by over 16%, while bitcoin increased by approximately 6% during the same period. Also, The Ethereum perpetual futures funding rate has flipped …
The post Arthur Hayes Sells 1.59M PENDLE For $5.62M, Price Surges By 24% After Sell-Off appeared first on Coinpedia Fintech News
As per the latest tweet on lookonchain, Arthur Hayes sold 1.59M PENDLE for $5.62M at an average price of $3.52 over the past 2 days. Notably, after his sell-off, the price of PENDLE surged by 24%, making the 1.59M PENDLE worth 6.91M now. His sell-off resulted in a loss of $1.29M. Previously, Arthur Hayes sold …
The post Shiba Inu Witnesses Surge In Whale Activity Amidst Major SHIB Price Breakout appeared first on Coinpedia Fintech News
Shiba Inu has seen increased whale activity as data showed 1.3 trillion SHIB transferred in large transactions of no less than $100,000 in the past day. This figure is 115% higher than the day before. In dollar terms, the increase was characterized by a $10.15 million increase in the volume of large transactions. Notably, Over …
The post SEC Says Trumps Defi Must Navigate Unclear Regulations With Strong Legal Support appeared first on Coinpedia Fintech News
SEC Commissioner Mark Uyeda confirmed that Donald Trumps DeFi project, World Liberty Financial, will face the same regulatory framework that other crypto-related firms. He says that Trump’s DeFi must navigate unclear regulations with strong legal support. Uyeda acknowledged that the SECs actions against crypto have created the impression that the agency is politicized. However, he …
The post Solana Seeker: The Next Solana Phone Set to Launch in Mid-2025 With Various Enhancements appeared first on Coinpedia Fintech News
The next Solana phone is all set to launch in mid-2025 as the Solana Seeker after already attracting 140,000 pre-orders. Solana Mobile revealed the official branding and a first look at the next Android handset onstage on Friday. The Solana Seeker will have a brighter flagship display and a longer-lasting battery than the Saga, plus …
The post Vitalik Buterin-Linked Wallet Moves 1,300 Ethereum, Sparks Speculations appeared first on Coinpedia Fintech News
A Vitalik Buterin-linked wallet has moved 1,300 Ethereum, worth $3.17 million, to another wallet 0x5567, raising speculations over the potential reason and market impact. After receiving the funds, the wallet has moved 74.17 Ether, worth about $181,000, to a popular crypto platform Paxos. About 348 days ago, the same wallet (sender) moved 1,000 ETH, valued …
The post Early Ethereum Investor Makes $121.85M From Just $15.5K! appeared first on Coinpedia Fintech News
In a bullish crypto market push today, with Bitcoin surging to $62K, and Ethereums 5% recovery to $2,430, there have been profiting crypto trading opportunities for traders. An Ethereum investor has returned to the market to make $12.85 Million from his earlier $15.5k investment. Lookonchain reported that an Ethereum ICO participant deposited 10,000 ETH worth …
The post El Salvador Continues Its BTC Buying Spree, Holds $359M BTC! appeared first on Coinpedia Fintech News
The Arkham Intelligence in its latest tweet has reminded that El Salvador is buying. It holds $359.58M in BTC and is still buying every day. Notably, the government under Nayib Bukele has been purchasing 1 BTC every day regardless of the price action, since late 2022 and has been recording purchases directly on-chain since March …
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