Category: Bitcoin News

Russia talks up prospects of BRICS countries developing new currency

Martin Young

A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony. According to reports, a top Russian official has claimed that the BRICS alliance is working on creating its own currency. BRICS is an acronym for five leading emerging economies: Brazil, Russia, India, China, and South Africa. State Duma Deputy Chairman Alexander Babakov made the comments at the St. Petersburg International Economic Forum event in New Delhi, India, according to local reports. Babakov reportedly stressed the importance of both nations working…

First Mover Americas: Investors Dig Risk Again

Lyllah Ledesma

Crypto investors are fleeing Circle Internet Financial’s USD coin (USDC) stablecoin, with many of them switching to tether, another stablecoin, which has reached a 22-month high in market share. Net outflows from USDC have surpassed $10 billion since March 10 That’s when regulators shuttered Silicon Valley Bank, a firm Circle banked with. Circle, a payments firm, has weathered SVB’s collapse as USDC has re-established the U.S, dollar price peg it lost in the immediate aftermath of SVB’s failure, but the token has still dropped 23% from its one-time $43 billion…

Bitcoin price jumps above $28K after 1.5K BTC shorts ‘blown out’

William Suberg

Bitcoin (BTC) headed back to $28,000 on March 29 as a classic short squeeze took the market to five-day highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC liquidations mount as Bitcoin reverses Binance dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $28,159 on Bitstamp. The abrupt uptick came courtesy of exchanges , where a band of shorts were “blown out” to remove resistance and allow higher levels to return. As noted by analyst Skew, these shorts were left over from Bitcoin’s prior moves, and were worth…

Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin

Frederick Munawa

Linus was living in Santa Teresa, a remote beach town on Costa Rica’s Nicoya Peninsula that has one ATM machine with a 10pm curfew. It drove Linus nuts and forced him to research alternative payment methods. He stumbled upon Bitcoin, befriended the well-respected “Bitcoin sorcerer” Ruben Somsen (who coined the term “ZeroSync”), and the rest as they say, is history. Author: Frederick Munawa Source link

Top 7 legal and compliance jobs in the crypto market

Alice Ivey

Cryptocurrencies are a rapidly growing market that is changing how people invest, buy and sell goods and services, and transfer money. However, with the growth of this market comes an increasing need for legal and regulatory compliance, particularly concerning issues such as money laundering, fraud and data protection. As a result, there is a demand in the cryptocurrency sector for legal and compliance specialists. The positions listed below are just a few examples of the various legal and compliance positions available in the cryptocurrency sector. Each one is crucial to…

Where the U.S. Government Went Wrong in Regulating Crypto

Keiko Yoshino

As a former public servant, I believe there is a role for the government in overseeing the cryptocurrency industry. However, recent regulatory announcements – including directives from the U.S. Federal Reserve and executive branch designed to debank crypto firms, a pending lawsuit against the largest and most trustworthy U.S. exchange, Coinbase, and increasingly hostile rhetoric from Congress – are far from appropriate. Author: Keiko Yoshino Source link

SEC targets Coinbase, Do Kwon arrested, FTX’s $95M in Mysten…

Cointelegraph By Editorial Staff

Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the “legal threat” could potentially target its staking program, listed digital assets, wallet or Coinbase Prime services. The exchange’s chief legal officer, Paul Grewal, said the warning “comes after Coinbase provided multiple proposals to the SEC about registration over the course of months, all of which the SEC ultimately refused…

Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Ana Paula Pereira

Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks! And let’s not forget about Bitcoin (BTC) — that digital gold is still on the rise and decoupling from Wall Street, once again proving its value proposition and prompting calls for a hedge against equity markets in the long run.…