Brazilian residents are buying a lot of cryptocurrencies, even though the country plans to roll out new regulations, Finbold reported. Data from the Central Bank of Brazil showed residents have bought $4.27 billion in cryptos in 2021, with the highest amount, $756 million, being purchased...
Swiss-based FinTech X8 will move forward with plans to issue a new stablecoin in the first quarter of 2022, according to a press release. The stablecoin will be released through the Swiss Sandbox, an innovation space for FinTech applications and their business models to be...
The payment processing company Square is considering developing a bitcoin mining system based on “custom silicon and open source” for people and businesses all over the world. That’s according to published reports and a series of tweets from Twitter/Square CEO Jack Dorsey over the weekend....
The Securities and Exchange Commission (SEC) could soon allow the first American bitcoin futures exchange-traded funds (ETFs) to begin trading next week, CNBC reported. The SEC isn’t likely to stop the ETFs proposed by ProShares and Invesco, according to the report, which cited unnamed sources....
In a week that saw bitcoin rocket to near previous highs, El Salvador’s own grand experiment with embracing the crypto as legal tender seems to be getting some pushback. At this writing, bitcoin is trading at more than $61,000, well within highs of roughly $64,000. But...
France is among countries increasingly grappling with the challenges of regulating cryptocurrencies, Euronews reported. The country has “several billion” dollars sitting in crypto wallets, and one of the goals of some policymakers is to encourage the spending of those funds, according to the report. One...
The U.S. has beaten China as the new top source of bitcoin mining after Beijing banned the practice earlier in the year, the Financial Times (FT) reported. China’s share of the global hashrate fell from 44% to zero from May to July, according to figures...
Simón Bolivar International Airport, which is Venezuela’s largest airport and also known as Maiquetía, will add bitcoin, Dash and Petro as payment options for clients buying tickets, CryptoPotato reported. Petro is a Venezuelan government-issued digital asset. Airport Director Freddy Borges said in the report that...
Pantera Capital CEO Dan Morehead said the cryptocurrency market is doing well, although a possible new bitcoin exchange-traded fund (ETF) could jeopardize the progress, Decrypt reported. ETFs are publicly-traded investment tools to track the price of an asset, and a bitcoin ETF has been a...
