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Central bank digital currencies (CBDCs) are gaining traction around the world. [130 countries studying to adopt CBDCs](http://www.eblockmedia.com/news/articleView.html?idxno=1295) Central bank digital currencies (CBDCs) are gaining traction around the world. A new report from the Atlantic Council found that 130 countries, representing 98 percent of the global economy, are investigating the possibility of CBDCs.Of these countries, half are in advanced stages of development, pi
Last week VanEck's head of crypto research, Matthew Sigel, posted a lengthy reflection on his personal Twitter profile in which he questioned why the SEC continues to stubbornly refuse to approve an #ETF on spot #Bitcoin $BTC [VanEck to the SEC: why yes to Coinbase, and no to Bitcoin ETFs?](https://en.cryptonomist.ch/2023/06/27/vaneck-sec-why-yes-coinbase-no-bitcoin-etf/) The head of crypto research at VanEck has published a lengthy reflection on the SEC approvals of a spot Bitcoin ETF.
Binance Will Support the Komodo (KMD) Network Upgrade & Hard Fork [Binance Will Support the Komodo (KMD) Network Upgrade & Hard Fork | Binance Support](https://www.binance.com/en/support/announcement/binance-will-support-the-komodo-kmd-network-upgrade-hard-fork-56bf50bc449c4f7fb163206e4a1cf8fb) Fellow Binancians, Binance will support the Komodo (KMD) network upgrade and hard fork. The Komodo (KMD) network upgrade and hard fork will take place at the Komodo block height of 3,484,958 , or a...
Proof-of-Work (POW) coins are on the rise in the cryptocurrency market. Bitcoin Cash (BCH) is up 29 percent, Litecoin (LTC) is up 5 percent, and Bitcoin SV (BSV) and Bitcoin Gold (BTG) are both up double digits. [Proof-of-Work coins surge](http://www.eblockmedia.com/news/articleView.html?idxno=1271) Proof-of-Work (POW) coins are on the rise in the cryptocurrency market. Bitcoin Cash (BCH) is up 29 percent, Litecoin (LTC) is up 5 percent, and Bitcoin SV (BSV) and Bitcoin Gold (BTG) are both up double digits.These coins all use the POW method, which is a way of verifying transactions on a blockch
Explore the world of Bitcoin ETFs! Dive into these investment vehicles' exciting potential and impact on the cryptocurrency market. Discover how Bitcoin ETFs could shape the future of digital asset investing. [What are Bitcoin ETFs](https://www.bsc.news/post/cryptonomics-a-dive-into-bitcoin-etfs) Bitcoin ETF is a legitimate form of investment that cuts out the complex issues and security procedures many people face when dealing with cryptocurrencies. Nevertheless, it is yet to break into the US financial market.
Top XRP Enthusiast Questions Why Ripple Wasn’t Aggressive Against SEC [Top XRP Enthusiast Questions Why Ripple Wasn’t Aggressive Against SEC](https://thecryptobasic.com/2023/06/23/top-xrp-enthusiastic-questions-why-ripple-wasnt-aggressive-against-sec/) A top XRP expert has raised a pertinent question about Ripple’s legal approach against the SEC following recent SEC vs. Binance lawsuit developments.
Ethereum Scaling Solution Arbitrum Unleashes Game-Changing Tool for Developers in Ethereum's L2 Space, Empowering Orbit Chain Development [Ethereum Scaling Solution Arbitrum Unleashes New Tool](https://www.crypto-news-flash.com/ethereum-scaling-solution-arbitrum-unleashes-game-changing-tool-for-developers-in-ethereums-l2-space-empowering-orbit-chain-development/) Ethereum Scaling Solution Arbitrum Unleashes Game-Changing Tool for Developers in Ethereum's L2 Space, Empowering Orbit Chain Development
The International Monetary Fund (IMF) has said banning cryptocurrencies is unrealistic, and regulation is necessary. In a report on cryptocurrency adoption in South America, the IMF cited Latin American and Caribbean countries (LAC) as leading the way in digital currency adoption. [IMF says banning cryptocurrencies unrealistic](http://www.eblockmedia.com/news/articleView.html?idxno=1259) The International Monetary Fund (IMF) has said banning cryptocurrencies is unrealistic, and regulation is necessary. In a report on cryptocurrency adoption in South America, the IMF cited Latin American and Caribbean countries (LAC) as leading the way in digital currency adoption.The IMF said that f
Binance.US and the SEC reach a temporary agreement aimed at restricting access to customer funds and disclosing business expenses, amidst an ongoing [Binance.US and SEC Agree on Temporary Asset Control Measures](https://blockchainreporter.net/binance-us-and-sec-agree-on-temporary-asset-control-measures/) Binance.US and the SEC reach a temporary agreement aimed at restricting access to customer funds and disclosing business expenses, amidst an ongoing lawsuit.
U.S. court tells SEC to respond to Coinbase's rulemaking petition within a week [U.S. Court Tells SEC to Respond to Coinbase's Rulemaking Petition Within a Week](https://www.coindesk.com/policy/2023/06/07/us-court-tells-sec-to-respond-to-coinbases-rulemaking-petition-within-a-week/) A U.S. judge has ordered the SEC to respond to Coinbase’s rulemaking petition or explain why it shouldn’t.
SEC sues crypto exchange Coinbase in New York Federal court ➡️Coinbase acting as unregistered broker, SEC claims ➡️ SEC allege the following coins are securities in Coinbase lawsuit: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO [https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf](https://storage.courtlistener.com/recap/gov.uscourts.nysd.599908/gov.uscourts.nysd.599908.1.0.pdf)
This week witnessed plenty of positive news from centralized exchanges with some really good signs from stablecoin issuers despite crackdowns. [Blockchainreporter – Weekly News Review, Stablecoins and CEXs in Spotlight](https://blockchainreporter.net/blockchainreporter-weekly-news-review-stablecoins-and-cexs-in-spotlight/) This week witnessed plenty of positive news from centralized exchanges with some really good signs from stablecoin issuers despite crackdowns.
What is token burn, and how does it work? In this informative article, we explore the concept of token burning and its impact on the value and scarcity of cryptocurrencies. [What is a Cryptocurrency Token Burn](https://www.bsc.news/post/cryptonomics-token-burn-explained) Burning tokens, being a destructive process, may not sound like a good idea to anyone who is not familiar with crypto. Nevertheless, for cryptocurrencies, it often is very beneficial for a project's long-term value.
Michael Saylor Champions Ordinals As New Catalysts On The Bitcoin Network [Michael Saylor Champions Ordinals As New Catalysts On The Bitcoin Network](https://www.cryptoflash.report/articles/saylor-in-favor-of-btc-ordinals) The Bitcoin community finds itself at a crossroads as the surge in transaction volume and network congestion caused by Bitcoin Ordinals, sparking a divisive debate. While some members of the Bitcoin Core development team...
Polygon’s Co-founder Pushes For Gaming Revolution As Crypto’s “Largest Scale Opportunity" [Polygon’s Co-founder Pushes For Gaming Revolution As Crypto’s “Largest Scale Opportunity”](https://zycrypto.com/polygons-co-founder-pushes-for-gaming-revolution-as-cryptos-largest-scale-opportunity/) Blockchain gaming boasts of a $4.6 billion market capitalization with an expected growth of 70% to hit $60 billion by 2027 according
Rumors😂 What do you think about it?
Malaysian regulators clamp down on Huobi, ordering the crypto exchange to halt operations, leaving users urged to swiftly withdraw their assets!
Coinbase to start subscription service in Europe [Coinbase to start subscription service in Europe](https://cryptotvplus.com/2023/05/coinbase-to-start-subscription-service-in-europe/) Coinbase has announced its subscription service in Europe – Coinbase One. According to the company, Coinbase One will help expand the company’s reach outside the US and also add to its revenue stream in the midst of the current crypto market situation. Coinbase is a cryptocurrency exchange that has over 110 million users in over […]
Mastercard Securing Crypto Adoption With Revolutionary Blockchain Partnerships For Crypto Services [Mastercard Securing Crypto Adoption With Revolutionary Blockchain Partnerships For Crypto Services](https://www.cryptoflash.report/articles/mastercard-to-provide-crypto-credential-service) Announced at Consensus 2023, Mastercard made headlines in the blockchain technology sphere with their new crypto credential service. This exciting new step combines Mastercard’s industry-leading secure payment solutions ...
Bitcoin companies must provide 'Proof of reserves' in Texas [Bitcoin Companies Must Provide 'Proof of Reserves' in Texas - Decrypt](https://decrypt.co/140647/texas-proof-of-reserves-for-crypto-exchanges) Crypto exchanges with Texas customers have to provide "proof of reserves" and store customer funds so they can be "fully withdrawn."
SEC vs. Ripple: Both Parties Agree on New Date to Make Hinman Docs Public [SEC vs. Ripple: Both Parties Agree on New Date to Make Hinman Docs Public](https://thecryptobasic.com/2023/05/19/sec-vs-ripple-both-parties-agree-on-new-date-to-release-hinman-docs/) James K. Filan has shared a new SEC vs. Ripple lawsuit update. Attorney Filan disclosed that both the SEC and Ripple filed a joint letter requesting an extension to file public, redacted versions of the summary judgment materials and accompanying exhibits, including the drafts of William Hinman's controversial speech on crypto. The parties want the
Bitcoin has formed a Head and Shoulder (H&S) on daily time frame. H&S is a bearish pattern. The support is $26,000 and a break below this will send the price toward $23,500-$24,000 area. Be careful guys
Mint done 🤐 Link: https://galxe.com/phaver/campaign/GCbtXUXb9s
Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created [Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created – Promoted Bitcoin News](https://news.bitcoin.com/bitcoin-com-wallet-celebrates-major-milestone-with-40-million-crypto-wallets-created/) Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the
De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year [De-Risking or Decoupling? China- US Bilateral Trade Falls More Than 10% This Year – Economics Bitcoin News](https://news.bitcoin.com/de-risking-or-decoupling-china-us-bilateral-trade-falls-more-than-10-this-year/) Analysts have criticized the 'de-risking' measures the US is applying to China, mentioned by U.S. National Security Advisor Jake Sullivan.
South Korean Politician Quits Party Over Crypto Scandal [South Korean Politician Quits Party Over Crypto Scandal – Bitcoin News](https://news.bitcoin.com/south-korean-politician-quits-party-over-crypto-scandal/) A member of the South Korean parliament is leaving his party amid mounting allegations of massive crypto investments.
China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping [China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping – Economics Bitcoin News](https://news.bitcoin.com/china-france-to-deepen-ties-following-meeting-of-french-president-macron-and-chinese-leader-xi-jinping/) Chinese and French foreign ministers have expressed willingness to strengthen cooperation and pursue a comprehensive strategic partnership.
Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings [Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings](https://cryptonews.com/news/crypto-exchange-quadrigacx-former-users-set-receive-13-dollar-bankruptcy-proceedings.htm) Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims.
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions [IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions – Bitcoin News](https://news.bitcoin.com/irs-chainalysis-helping-ukraine-track-russians-using-crypto-to-evade-sanctions/) The U.S. Internal Revenue Service (IRS) said it’s working with Ukraine to help it trace crypto transactions of Russian sanctions evaders.
Former Paxful CEO Says He Cannot 'Vouch for Anything Happening There Now' — Platform Tells Users It Is Back Online [Former Paxful CEO Says He Cannot 'Vouch for Anything Happening There Now' — Platform Tells Users It Is Back Online – Featured Bitcoin News](https://news.bitcoin.com/former-paxful-ceo-says-he-cannot-vouch-for-anything-happening-there-now-platform-tells-users-it-is-back-online/) Ray Youssef also told a user who claimed to have been scammed on the Paxful marketplace that he too has been banned from the platform.
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida [Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida – Bitcoin News](https://news.bitcoin.com/governor-ron-desantis-signs-bill-prohibiting-use-of-central-bank-digital-currencies-in-florida/) “They're going to be able to have the window into what you're doing with the money,” DeSantis said in Fort Myers.
IMF Warns of 'Very Serious Repercussions' if US Defaults on Debt Obligations [IMF Warns of 'Very Serious Repercussions' if US Defaults on Debt Obligations – Economics Bitcoin News](https://news.bitcoin.com/imf-warns-of-very-serious-repercussions-if-us-defaults-on-debt-obligations/) The IMF has warned of "very serious repercussions" to both the U.S. and global economy if the U.S. defaults on its debt obligations.
Inflation Expectations of Eurozone Consumers ‘Increased Significantly ECB Says [Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says – Finance Bitcoin News](https://news.bitcoin.com/inflation-expectations-of-eurozone-consumers-increased-significantly-ecb-says/) Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed.
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules [Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules – Regulation Bitcoin News](https://news.bitcoin.com/nearly-400-crypto-firms-lose-their-estonian-licenses-under-new-rules/) The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses.
Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards [Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards – Bitcoin News](https://news.bitcoin.com/investment-analyst-warns-successful-brics-currency-could-hurt-us-living-standards/) Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards.
BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit [BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit – Economics Bitcoin News](https://news.bitcoin.com/brics-leaders-set-to-discuss-common-currency-to-challenge-us-dollar-dominance-in-upcoming-summit/) The BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit.
Bitcoin Supply on Exchanges Hits Lowest Level in Over Five Years [Bitcoin Supply on Exchanges Hits Lowest Level in Over Five Years](https://www.cryptoglobe.com/latest/2023/05/bitcoin-supply-on-exchanges-hits-lowest-level-in-over-five-years/) The cryptocurrency market is witnessing a significant shift in trading patterns as the amount of Bitcoin on exchanges hits its lowest ratio since December 2017, a five-and-a-half-year low that suggests there’s increased interest in self-custody among traders.
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued [Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News](https://news.bitcoin.com/philippines-law-enforcement-busts-crypto-scam-center-over-1000-human-trafficking-victims-rescued/) Michelle Sabino said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals.
Binance.US has terminated its asset acquisition agreement between Voyager Digital, citing an uncertain and hostile regulatory climate in the United States as the primary reason for the decision. [Binance.US Backs Out Of Voyager Digital Assets Acquisition Deal](https://www.cryptoflash.report/articles/binance-united-states-backs-out-of-voyager-deal) Binance.US has terminated its asset acquisition agreement between Voyager Digital, citing an uncertain and hostile regulatory climate in the United States as the primary reason for the decision....
Dave Ramsey Dismisses De-Dollarization Concerns — Says BRICS Currency, Chinese Yuan Can't Take Down US Dollar [Dave Ramsey Dismisses De-Dollarization Concerns — Says BRICS Currency, Chinese Yuan Can't Take Down US Dollar – Economics Bitcoin News](https://news.bitcoin.com/dave-ramsey-dismisses-de-dollarization-concerns-says-brics-currency-chinese-yuan-cant-take-down-us-dollar/) Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency or the Chinese yuan displacing the U.S. dollar.
Ron Paul States Federal Reserve's 'Decade of Near 0% Rates' Caused Today's Financial Crisis [Ron Paul States Federal Reserve's 'Decade of Near 0% Rates' Caused Today's Financial Crisis – Economics Bitcoin News](https://news.bitcoin.com/ron-paul-states-federal-reserves-decade-of-near-0-rate-created-todays-financial-crisis/) Former House Representative Ron Paul has presented his stance when it comes to the financial crisis that the U.S. is currently facing.
Binance adds Bitcoin Ordinals as BRC-20 tokens near null billion total value [Binance adds Bitcoin Ordinals to its NFT marketplace](https://www.theblock.co/post/229833/binance-bitcoin-ordinals-brc-20-tokens-value) Bitcoin Ordinals trading is coming to Binance, the world's largest cryptocurrency trading platform.
Experts Say Nigeria's Blockchain Adoption Strategy Likely to Add Clarity and Legitimacy to Ecosystem [Experts Say Nigeria's Blockchain Adoption Strategy Likely to Add Clarity and Legitimacy to Ecosystem – Blockchain Bitcoin News](https://news.bitcoin.com/experts-say-nigerias-blockchain-adoption-strategy-likely-to-add-clarity-and-legitimacy-to-ecosystem/) The unveiling of the adoption strategy document has also been hailed as a step that will lend "some form of legitimacy" to the blockchain.
Fintech firm Digital Asset will start global blockchain network with Deloitte, Goldman Sachs and others [Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others](https://www.coindesk.com/business/2023/05/09/digital-asset-announces-launch-of-global-blockchain-network-with-deloitte-goldman-and-others/) Other participants of the network include BNP Paribas, Cboe Global Markets and Microsoft.
Elon Musk Shares 'Massive Incentive to Move Money out of Bank Accounts [Elon Musk Shares 'Massive Incentive to Move Money out of Bank Accounts' – Economics Bitcoin News](https://news.bitcoin.com/elon-musk-shares-massive-incentive-to-move-money-out-of-bank-accounts/) Elon Musk has shared that there is a massive incentive to move money out of bank accounts, citing a significant interest rate gap.
Bank of America: Threats to US Dollar's Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan [Bank of America: Threats to US Dollar's Dominance Largely Domestic — Not BRICS Currency or Chinese Yuan – Economics Bitcoin News](https://news.bitcoin.com/bank-of-america-threats-to-us-dollars-dominance-domestic-not-brics-currency-or-chinese-yuan/) Bank of America has warned that the key threats to the U.S. dollar’s dominance are domestic, as opposed to competition from other currencies.
Coinbase, one of the world's leading cryptocurrency exchanges, has secured a license to operate its digital assets business in Bermuda. The announcement comes as part of Coinbase's expansion plans, aimed at increasing its global footprint. In addition, the company is reportedly in talks with the Abu Dhabi Global Market regarding a similar license [Coinbase Expands Global Reach With Bermuda License Approval](https://www.cryptoflash.report/articles/coinbase-receives-bermuda-license) Coinbase, one of the world's leading cryptocurrency exchanges, has secured a license to operate its digital assets business in Bermuda. The announcement comes as part of Coinbase's expansion plans, aimed at increasing it...
Liechtenstein's Prime Minister wants citizens to pay for government services with #Bitcoin [Liechtenstein's Prime Minister wants citizens to pay for government services with bitcoins](https://en.cryptonomist.ch/2023/05/08/liechtenstein-services-paid-bitcoin/) The Prime Minister of Liechtenstein has announced his intention to accept bitcoin payments for government services.
Liechtenstein’s government plans to accept Bitcoin for payments [Liechtenstein’s Government Plans to Accept Bitcoin for Payments - Blo…](https://archive.ph/EjldU) archived 8 May 2023 09:58:13 UTC