Cryptocurrency Oil Bartering Amidst Western Sanctions
Russia is reportedly sidestepping Western sanctions by trading Bitcoin, Ethereum, and USDT for oil, as the country seeks to diversify its energy exports and reduce reliance on USD.
Russia is reportedly sidestepping Western sanctions by trading Bitcoin, Ethereum, and USDT for oil, as the country seeks to diversify its energy exports and reduce reliance on USD.
Ethereum's market cycle is mirroring Bitcoin's, with a similar pattern of growth, correction, and eventual rebound. After a sharp decline, Ethereum's price has begun to rise, echoing Bitcoin's 2019 recovery. Analysts predict a sustained upward trend, potentially driven by institutional investment and DeFi adoption.
Growth in Bitcoin and stablecoin adoption could accelerate dedollarization as people seek alternatives to traditional currencies. Increased adoption of digital assets for everyday transactions could lead to a shift away from the US dollar, potentially impacting global financial systems.
Crypto influencer sentenced to 10 years in prison for wire fraud scheme, defrauding investors of millions in digital assets.
Renowned market expert Arthur Hayes believes the crypto market is clearing out "deadwood" and predicts a significant recovery. Hayes sees the current downturn as short-term pain, with Bitcoin potentially reaching $250,000 by the end of the year.
Bitcoin whale activity has stagnated in recent weeks, with the number of large transactions and balances remaining flat. This could be a sign of a market correction or a shift in investor sentiment.
The US Strategic Command (USSTRATCOM) has announced a strategic bitcoin reserve, a significant endorsement of the cryptocurrency. This move highlights the growing recognition of bitcoin's potential as a secure and reliable store of value.
David Sacks, CEO of WhatsApp, sold $200 million in cryptocurrency holdings before taking the job, citing regulatory concerns and the need to diversify his assets.
Class action lawsuits filed against FTAI, SQ, CROX, and IAS for alleged securities fraud. Investors who purchased or sold these companies' securities may be eligible to participate in the lawsuits. Deadline to lead the cases is approaching.
The Bitcoin bull market is under threat as recession fears in the US and trade tensions escalate. A potential US recession could lead to a 50% drop in Bitcoin's value, while tariffs and trade wars may also impact the cryptocurrency's value.
The crypto market faces uncertainty as Trump's short-term pain plan unfolds. The economic stimulus package may lead to short-term gains, but long-term implications for crypto's growth and adoption are unclear. Investors await clarity on regulatory frameworks and market sentiment.
The weekly recap highlights regulatory wins, including the US Treasury's stablecoin framework and the EU's crypto-asset market proposal. Market sentiment remains subdued, with Bitcoin and altcoins experiencing little change. Regulatory clarity and future market trends are anticipated.
Rex, a digital asset trading platform, introduces BMAX ETF, providing institutional investors with access to a diversified portfolio of bitcoin-backed corporate bonds.
Securely store your Bitcoin with the Trezor Model One, a hardware wallet that protects your private keys and allows for secure transactions. This compact device is easy to use, with a touchscreen interface and USB connectivity.
Bitcoin surged past $85,000, a crucial level for bulls, as Solana and LINK led gains in the cryptocurrency market. The rally comes amid optimism over US inflation data and a strengthening dollar.
Ripple's XRP price rebounds strongly as investors shift focus to XRPTurbo, a new AI agent designed to bring revolutionary changes to the XRPL ledger.
Stablecoin supply growth accelerates during crypto bull run, with USDC and USDT driving the surge. Total stablecoin supply more than doubles in 2021, reaching $130 billion. Growth fueled by increased adoption, decentralized finance (DeFi) applications, and institutional investment.
The creator of Bitcoin, Craig Wright, has been convicted of wire fraud and money laundering. Wright, who claims to be Satoshi Nakamoto, was found guilty of fraudulently using his company's funds for personal expenses. He was ordered to pay $1.1 million in restitution.
Bolivia will use cryptocurrency to pay for energy imports, aiming to reduce reliance on US dollar and strengthen local economy. The country will partner with a local cryptocurrency exchange to facilitate transactions, promoting financial inclusion and stability.
Redot Pay, a crypto payment platform, raises $40 million to expand its services, enabling merchants to accept and manage cryptocurrencies. The funding will support the development of new features and geographic expansion.