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CRYPTOCURRENCY

Institutional Investment and Bitcoin ETPs Boost North American Crypto Adoption
cryptocurrency

Institutional Investment and Bitcoin ETPs Boost North American Crypto Adoption

North America's cryptocurrency market sees significant growth driven by institutional investment and the launch of Bitcoin ETPs, positioning the U.S. as a leader in global crypto adoption.

Ripple (XRP): Latin America Shifts Towards Crypto Amidst Cash Ditch
cryptocurrency

Ripple (XRP): Latin America Shifts Towards Crypto Amidst Cash Ditch

Latin America embraces digital payments, with a notable shift towards cryptocurrency due to post-COVID comfort with online experiences and unsettling inflationary issues.

Honduras Breaks Ground by Officially Recognizing Bitcoin in Economic Transactions
cryptocurrency

Honduras Breaks Ground by Officially Recognizing Bitcoin in Economic Transactions

Próspera ZEDE, a Honduran special economic zone, officially adopts Bitcoin as a unit of account, signaling a shift towards enhanced financial autonomy and the progressive integration of cryptocurrency in mainstream finance.

Crypto Adoption in Latin America: A Tool Against Economic Woes and Authoritarianism
cryptocurrency

Crypto Adoption in Latin America: A Tool Against Economic Woes and Authoritarianism

The cryptocurrency landscape in Latin America, particularly in Argentina and Venezuela, is evolving as a mechanism to counter economic and political adversities. While Argentina sees crypto as a bulwark against economic instability, Venezuela is utilizing it as a tool for humanitarian aid and resistance against authoritarianism. The divergent crypto adoption narratives in these nations underscore the asset class's potential to address complex societal challenges.

Tom Emmer Accuses SEC Chair of Exceeding Authority, Detrimental to Americans, Citing Ripple Case
cryptocurrency

Tom Emmer Accuses SEC Chair of Exceeding Authority, Detrimental to Americans, Citing Ripple Case

House Majority Whip Tom Emmer has criticized SEC Chair Gary Gensler for expanding authority negatively impacting Americans. Emmer emphasized Congress's need to use appropriations process to check Gensler's misuse of taxpayer resources, highlighting the ongoing debate on crypto regulation in the U.S.

Tether's Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks
cryptocurrency

Tether's Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks

Paolo Ardoino, CTO of Tether and Bitfinex, confirmed the authenticity of a photo of a container bearing the "Tether Energy" logo, confirming it was a depiction of a control room at a Latin American site nearing completion. Ardoino also shared a 3D design of the site.

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals
cryptocurrency

Chairman McHenry Sharply Criticizes U.S. Treasury and IRS Over Digital Asset Reporting Proposals

House Financial Services Committee Chairman Patrick McHenry expresses concerns over proposed digital asset reporting requirements, urging the Biden Administration to collaborate with Congress to establish clear regulations and protect market participants' privacy.

U.S. Homeowners Express Rising Financial Anxieties, According to FAR Survey
cryptocurrency

U.S. Homeowners Express Rising Financial Anxieties, According to FAR Survey

Finance of America Reverse LLC released its 2023 Home Equity Punch List, revealing that 79% of homeowners remain uneasy about the U.S. economy, with concerns about unforeseen healthcare expenses and discretionary spending. Gender differences were also noted. Home equity loans were only sought slightly more, with a lack of product knowledge contributing to financial anxiety.

Coinbase: Moving America Forward or Moving out of US?
cryptocurrency

Coinbase: Moving America Forward or Moving out of US?

In an effort to promote the importance of cryptocurrency and its potential to revolutionize the global financial system, Coinbase, the leading crypto exchange, launched a national campaign, "Crypto: Moving America Forward."

Bitcoin of America to Pay $86,000 in Settlement with Connecticut Department of Banking
cryptocurrency

Bitcoin of America to Pay $86,000 in Settlement with Connecticut Department of Banking

Bitcoin of America, an Over the Counter (OTC) cryptocurrency exchange and a national operator of Bitcoin Kiosks, has been ordered to refund $86,000 to consumers in Connecticut, according to a recent announcement by the state's Banking Commissioner, Jorge Perez.

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