September 7, 2024 at 08:00 AM GST updated: September 6, 2024 at 12:06 PM 1 min read News They are doing well, and as the cryptocurrency market develops, these specific coins have some remarkable qualities and the ability to achieve incredible highs. Here are five coins with unique characteristics that define the future of crypto…
The crypto market remains volatile as the two leading giants, Bitcoin (BTC) and Ethereum (ETH), struggle to gain traction. Bitcoin (BTC) has fallen sharply below crucial resistance, extending its bearish trend into September, while Ethereum has stayed below its All-Time High (ATH). On the other hand, ETFSwap (ETFS), a new ETF-trading token, is creating a…
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy…
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of…
The cryptocurrency market is rallying back from the prevailing downtrend of the past months to consolidate for major price push-ups, prompting crypto traders and investors alike to search for high-ceiling assets to add to their portfolios. Bitcoin (BTC) and Ethereum (ETH) whales have taken the market-moving step to add ETFSwap (ETFS) to their portfolios, as…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele…
President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Rhodium Enterprises, a Bitcoin mining firm that filed for Chapter 11 bankruptcy a few days ago, has received legal approval for a loan. The court says Rhodium can obtain the loan in U.S. dollars cash or in Bitcoin. According to the report, the loan terms involve choosing between $30…
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso:…
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Renowned on-chain analytics firm Santiment recently released insights highlighting a subtle yet impactful shift in the Bitcoin market. Despite a relatively mild dip in Bitcoin’s price, the total open interest (OI) on exchanges witnessed a more pronounced decline. This development is drawing attention to potential changes in market sentiment,…
August 27, 2024 at 06:17 AM GST updated: August 26, 2024 at 08:09 PM 2 mins read News As the year 2024 draws nearer, cryptocurrency investors and analysts are looking forward to the market for exceptional returns. These assets have exhibited excellent stability: Tether (USDT), Solana (SOL), Bitcoin (BTC), Binance Coin (BNB), and Toncoin (TON)….
Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their payments, or just because they did not want to continue operating. Power Fee…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on…
Long-term holders have pushed Bitcoin’s realized cap to $3 billion, showing strong confidence in the cryptocurrency’s future. The stablecoin supply ratio is signaling increased liquidity, which may drive a potential rally in Bitcoin. Bitcoin has reclaimed the $61,000 level, marking a significant recovery after a week of bearish consolidation. At the time of writing this…
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate….
Following the release of the FOMC minutes, Bitcoin’s price rose by 2.53%, surpassing $61,000, while the overall crypto market increased by 2.35%. Alongside Bitcoin’s resurgence, altcoins demonstrated even stronger gains. Binance’s BNB coin jumped 4.26% as the exchange announced plans to hire 700 employees. The world’s largest cryptocurrency, Bitcoin (BTC), along with other altcoins, has…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Recent on-chain data from Glassnode shows a remarkable tendency in the present Bitcoin market: about three-quarters of all circulating Bitcoin has stayed unaltered for more than six months. This information shows the increasing predominance of long-term holders, who seem to be using Bitcoin more as a store of wealth…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of…
While Bitcoin (BTC) and Solana (SOL) struggle with volatile price movements and declining values, leaving investors uncertain about their prospects, DigiHorse (DIGI) remains resiliently bullish. The enthusiasm for DIGI stems from a series of positive developments within its gaming ecosystem, which seem to position it a step ahead of both SOL and BTC. Market Sentiment…
On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original…