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Cryptocurrency Market Insights: ETFs and Compliance Further Discussed by SEC’s Gensler As we approach a new year in the financial world, it’s crucial to look back on the dynamic trends that shaped the previous twelve months, especially in the complex and often unpredictable cryptocurrency market. A critical factor that sparked debates and fuelled anticipation amongContinue reading “ETF Growth Persists: Gensler Cautions Over Crypto’s Uncontrolled Wild West in Permissionless Trading – An Updated Week Review for LATAM”

The State of Bitcoin Mining in the EU The presence of Bitcoin mining in the European Union (EU) currently stands at a modest 6% of the global Bitcoin network’s hashrate, according to recent data. This signals the potential for growth, but also highlights various roadblocks that may be affecting the EU’s involvement in mining. ThisContinue reading “Latest Update: Bitcoin Mining Dominance – US Outshines China, EU Accounts for a Mere 6% of Hashrate”

Revival Of Cryptocurrency Industry In Africa Is Expected To Shift Gears Recent moves by Nigeria and the expected endorsement of Bitcoin exchange-traded funds by the U.S. Securities and Exchange Commission are projected to rekindle African demand in crypto. A crucial event for Bitcoin, the halving expected in April 2024, will once again dictate the courseContinue reading “Experts Say Bitcoin ETF Craze & Nigeria’s Updated Crypto Position Could Spark Africa’s Industry Revival”

Privacy Coins – Monero’s Former Lead Developer, Ricardo Spagni, Appeals to Binance Ricardo Spagni, commonly known as ‘Fluffypony’, who once was at the helm of Monero’s management, is urging Binance to revise its stand on privacy coins. According to Spagni, Binance cannot afford to sit on the fence on this matter – he considers itContinue reading “Ex-Monero Head Urges Binance to Clarify Position on Privacy Coin Controversy”

Decisive Decision by Pancakeswap Community Leads to Significant Reduction in CAKE Token Supply The digital community behind Pancakeswap, a notable figure in the cryptocurrency domain, has collectively given their consensus for a governance vote in favor of a major supply cut concerning the CAKE tokens from its asset pool. The outcome of this community participationContinue reading “Market Surge Spurred by Pancakeswap Community’s Decisive Vote to Cut CAKE Token Supply”

SEC Triumphs in Groundbreaking Crypto Court Case Against Terraform Labs In a landmark legal decision, US District Judge, Jed Rakoff, ruled in favor of the Securities and Exchange Commission (SEC) in a multi-billion dollar crypto fraud lawsuit against Terraform Labs, and its founder, Do Kwon. Rakoff found that the stipulations of the Howey test wereContinue reading “Landmark Ruling: Judge Supports SEC in Terraform Labs’ Significant Cryptocurrency Case”

Innovation in Hong Kong Stablecoin Regulation The realms of cryptocurrency and financial regulation in Hong Kong have been buzzing lately, with the latest news being the proposal for the supervision of stablecoin institutions. The Hong Kong Monetary Authority teamed up with the Financial Services and the Treasury Bureau, unveiling a consultation document that seeks viewpointsContinue reading “Hong Kong Authorities Present Public Survey on Stablecoin Regulation Rules”

India’s Struggle to De-Dollarize its Oil Trade: A Review In recent developments, India’s ambition to de-dollarize its oil trade and shift to payments in its native currency, the rupee, seems to have hit a stumbling block. The refusal by oil suppliers to accept payment in rupees with concerns about repatriating their funds has been aContinue reading “India’s Pursuit of De-Dollarization Stumbles as Oil Suppliers Express Rupee Repatriation Worries”

Analyzing Ethereum’s Market Status As of December 27, 2023, Ethereum’s market trends had expressed an intriguing collection of cues for both buyers and sellers. This well-liked cryptocurrency, second in command in the market capitalization, oscillated within a price window ranging from $2,189 to $2,290. Holding a market capitalization of $273 billion and an impressive tradingContinue reading “Ethereum Technical Overview: Ether Bulls Seize Control, Surge Towards Resistance”