Over the past few months, the flight of investment capital from crypto funds has been a growing concern in the sector. Indeed, in the last nine weeks, it is estimated that around $500 million has been withdrawn.
According to data provided by CoinShares, a specialized analysis site, this trend of…
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US agriculture committee passes cryptocurrency bill
The US House Committee on Agriculture met to discuss the Financial Innovation and Technology for the 21st Century Act.
The bill, drafted collaboratively by Republican members of the Farm Committee and the Financial Services Commission,…
Kuwait bans virtually all cryptocurrency trading
Kuwait's Capital Markets Authority (CMA) has announced a drastic move by issuing a circular establishing an outright ban on almost all cryptocurrency-related operations, including the use of Bitcoin and other virtual currencies in payments,…
Ethereum will surpass Bitcoin in the long term
The "Q2 2023 Signals Report" by Fidelity Digital Assets, which was published on July 18, presents an optimistic outlook for Ethereum both in the coming year and in the long term. Although the investment firm shows short-term bullish…
Ron de Santis would ban CBDCs if he becomes president
Ron DeSantis, candidate for the presidency of the United States, reiterated his criticism of digital currencies issued by central banks (CBDCs), specifically opposing the possibility of implementing a digital dollar in the country.
During…
Colombia prepares to regulate cryptocurrencies
Colombia is getting ready to present again, on July 20, a bill with the purpose of establishing a regulatory framework for cryptocurrencies in the country.
Despite the fact that the project did not achieve approval in Congress after three…
IMF urges crypto regulation but warns against outright ban
The International Monetary Fund (IMF) reiterated its call for the regulation of cryptocurrencies in certain countries, but stressed that an outright ban may not be the best strategy.
In a June 22 report on Latin America and the Caribbean,…
Tether will start mining cryptocurrencies in Uruguay
In a May 30 announcement, Tether claimed it intends to establish a mining division in the South American nation "in collaboration with a licensed local company," while also investing in Uruguay's energy production. The stablecoin issuer…
Binance under investigation in Brazil for alleged financial crimes
Binance, the world's largest cryptocurrency exchange, is being investigated for alleged financial crimes related to its derivatives business by federal authorities in Brazil, local newspaper Valor Económico reports.
The Federal Public…
Texas to require cryptocurrency exchanges to submit proof of reserves
The Texas House of Representatives has passed a bill to require cryptocurrency exchanges to submit proof of annual reserves, in order to promote transparency on these platforms.
The body authorized a project that establishes that all…
SushiSwap hacking attack causes losses of $3.3 million
SushiSwap, a cryptocurrency decentralized exchange (DEX), fell victim to a cyberattack that resulted in the loss of $3.3 million worth of Ether (ETH) belonging to a user. The attack happened over the weekend and targeted the RouteProcess02…
Brazilian bank BTG Pactual launches dollar-pegged cryptocurrency
+This week, the Brazilian bank Pactual announced the launch of the central bank coin BTG Dol. It is linked to the dollar, according to the bank.
The first digital currency in the world that has been issued by a bank has been baptized BTG…