Lower interest rates could be the key to DeFi summer: HashKey CEO

August 16, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Declining interest rates — along with rising investment in Bitcoin — could provide the fuel the DeFi market needs to experience a long-awaited resurgence.

Venezuelans traded more bolivars for Bitcoin (BTC) than ever before last week, but the statistics say more about fiat than cryptocurrency. Yet another Bitcoin volumes record for VenezuelaData from Coin Dance, which tracks trading activity on P2P exchanges Localbitcoins, Paxful and Bisq, confirmed the seven days to July 20 were Venezuela’s biggest on record.During that period,…

Visa to Change PoS Fees to Merchants to Adjust to New Business Categories

Payments behemoth Visa is reportedly planning to change merchant fees rates for United States-based merchants as part of a major update of its point-of-sale system.The development was revealed in a document Visa sent to banks announcing an upgrade of its system, which will be rolled out in April and October, Bloomberg reported on Feb. 4.…

Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism

Donald Trump’s election victory, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge.

Indian crypto industry expanding, regulators seem reluctant to engage

The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year. Considering that India…

UK-Based Crypto Platform Launches $1.45 Million Crowdfund Campaign to Bank the Unbanked

Nebeus, the London-based crypto platform, has launched a 1.1 million pound ($1.45 million) crowdfunding campaign as they set out their ambitious goal of bringing financial services to people around the world. According to the World Bank, there are 1.7 billion adults globally who remain unbanked, yet two-thirds of them own a mobile phone that they…

Bitcoin all-time high target remains as BTC price bounces back to $64K

Bitcoin traders see any BTC price dips as buying opportunities, predicting further upside after 7% September gains.

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution.Korea’s Shinhan bank to enhance security with blockchainAccording to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain developer Hexlant to develop…

LocalEthereum Woos LocalBitcoins Traders After Platform Reportedly Bans Cash Trading

Finnish P2P bitcoin (BTC) trading platform LocalBitcoins has kept silent after users reported it had removed cash trading from its service on June 1.LocalBitcoins, which allows users to trade BTC for fiat currency privately, purportedly cut the option for in-person meetups to trade crypto for cash, angering social media commentators.“It’s time to no longer recommend…

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French authorities can hold Pavel Durov until Aug. 28

Prosecutors announced that the arrest was part of an investigation into an unnamed individual over cryptology services and complicity with illicit activities.

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