Key points: Bitcoin returns to $116,000 after gaining over 2% in minutes thanks to “dovish” comments from Fed Chair Jerome Powell. Powell’s Jackson Hole speech cemented the odds of an interest-rate cut next month. Risk assets and crypto rose immediately, while US dollar strength fell. Bitcoin (BTC) spiked to $116,000 on Friday as the US…
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Coinbase, the world’s third-largest cryptocurrency exchange by volume, has come under a wave of threats from North Korean hackers seeking remote employment with the company. North Korean IT workers are increasingly targeting Coinbase’s remote worker policy to gain access to its sensitive systems. In response, Coinbase CEO Brian Armstrong is rethinking the crypto exchange’s internal…
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China appears to be weighing the launch of a yuan-backed stablecoin, with an initial rollout in Hong Kong and Shanghai, a surprising shift after years of cracking down on crypto while promoting its central bank digital currency, the digital yuan. In the latest episode of Byte-Sized Insight, Cointelegraph spoke with two leaders analyzing China’s potential…
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Opinion by: Bill Repasky, attorney at Frost Brown Todd LLP With more than 55 million Americans now using cryptocurrency in their daily lives, cryptocurrencies have become an integral component of our nation’s financial system. Just like traditional ATMs, tens of thousands of virtual currency kiosks — also known as Bitcoin ATMs — have popped up…
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The Congress of the Philippines is weighing a proposal that could see the country’s central bank establish a strategic reserve of 10,000 Bitcoin, positioning the country among the first in Southeast Asia to adopt Bitcoin as a strategic asset. A House of Representatives bill filed by Camarines Sur Representative Migz Villafuerte in June made headlines…
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The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news. Reuters reported Wednesday that Beijing is considering approving a stablecoin pegged to the renminbi as part of a roadmap to boost the currency’s internationalization. It was the…
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Key takeaways Dubai’s clear rules now let tenants rent apartments with Bitcoin through approved channels. Risks like volatility and landlord limits are managed with AED locks and licensed platforms. Fast payments and low fees make Bitcoin real estate in Dubai increasingly appealing. Risks remain around Bitcoin’s price volatility and limited landlord acceptance, but AED price…
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Taiwanese prosecutors have reportedly indicted 14 people in what they say is the country’s largest-ever cryptocurrency money laundering case, involving more than 1,500 victims and over $70 million in illicit funds. The Shilin District Prosecutor’s office reportedly indicted 14 individuals on charges related to fraud, money laundering and organized crime, requesting the confiscation of 1.275…
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The Australian Transaction Reports and Analysis Centre (AUSTRAC) ordered the local unit of crypto exchange Binance to appoint an external auditor over concerns about its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) systems. The regulator said Friday the decision was made “after identifying serious concerns” with Binance’s AML/CTF controls. Matt Poblocki, Binance Australia and New…
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The European Union is reportedly exploring major public blockchain networks like Ethereum and Solana for its digital euro design. The European Central Bank (ECB) is considering running a digital euro on a public blockchain like Ethereum rather than a private one, the Financial Times reported on Friday, citing people familiar with the matter. Unlike a…
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