‘We have to get rid of the folks who are in the way’ — Senators speak at Bitcoin 2024

A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin (BTC) as a corporate asset this year, with a further 11% stating they could do so by 2024.The survey conducted by Gartner comes on the back of news that Tesla invested 8%, or $1.5 billion of its…

Bitcoin price is stuck in a downtrend even though investors are betting on Fed interest rate cuts. What gives?

The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16.Ayman Hussein, sub-governor of the Central Bank of Egypt (CBE), told an Abu Dhabi conference on Sunday that “feasibility studies” were currently ongoing.In line with various authorities…

The Ethereum co-founder sees city tokens as important instruments in promoting economic equality, social initiatives and better governance. 1657 Total views 20 Total shares In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens.Specifically, Buterin…

Will Bitcoin’s premier layer-two solution finally graduate from experiment to everyday utility, following its adoption by major exchanges? 3684 Total views 16 Total shares The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin…

Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022.The…

Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country.Potential legal status of cryptocurrencies in UkraineBinance has signed a memorandum of understanding (MoU) with the Ministry of Digital Transformation of Ukraine to jointly work on the legal status of cryptocurrencies in the country, according to a press release…

Local authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms. 218 Total views 2 Total shares Brazilian banks that have denied service to cryptocurrency companies are now being scrutinized by local authorities, according to a recent report from Folha de São Paulo.On May 20, the Administrative Council for Economic Defense,…