Bahamas wants to force banks to support its ‘Sand dollar’ CBDC

Australia’s government has delivered supportive statements on cryptocurrency as it looks to exclude the sector from new restrictions on cash payments.In an explanatory memorandum issued late last week, the country’s Treasury said it wished to ban cash payments for goods and services which exceeded 10,000 AUD ($6,900).However, a number of exclusions would apply, including transactions…

The crypto markets have remained relatively stable over the weekend and on July 4, which is a holiday for the United States financial markets due to Independence Day. Although Arthur Hayes, former CEO of derivatives platform BitMEX, was expecting a “mega crypto dump” around July 4, it has not materialized.The drop in Bitcoin’s (BTC) volatility…

Loved the Cointelegraph 2023 Top 100? Readers can grab the profiles as NFTs. 280 Total views 10 Total shares Own this piece of history Collect this article as an NFTBeginning March 20, folks across the crypto industry will be able to mint nonfungible tokens (NFTs) out of Cointelegraph’s 2023 Top 100. Cointelegraph unveiled its 2023…

Bitcoin bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing inflation. Economists were expecting the year-on-year Consumer Price Index to rise 3.1%, but the June print came in at 3%. The month-on-month increase of 0.2%…

U.K. insurance market leader Lloyd’s of London will insure a crypto custody platform by U.S.-based custodial firm Kingdom Trust, according to a press release published August 28. Founded in 1686, Lloyd’s of London is a British insurance firm that is active in over 200 countries. The company reportedly paid claims in the amount of £68…

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in U.S. dollar terms than when their coins entered them.Profitability fails to match previous market bottomsAs…

The total fees paid for on-chain Bitcoin transactions over the last 24 hours increased by over 50% today. 1316 Total views 46 Total shares The total fees paid for on-chain Bitcoin (BTC) transactions over the last 24 hours increased over 50% since yesterday.On-chain data analytics service, Glassnode, pointed out several major developments shown by Bitcoin’s…

The US Federal Reserve is expected to begin lowering its benchmark interest rate in September.

Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.