CRYPTOCURRENCY

 

Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.


Bitso Reaches 1 Million Users Mark in Brazil
Bitso has now reached a mark of 1 million users in Brazil, a year after its release in the country, the Mexican cryptocurrency exchange announced.
1 Billion Crypto Users Projected by 2030, Study Shows
According to a joint study by Boston Consulting Group (BCG), Bitget and Foresight Ventures, the total number of cryptocurrency users will reach 1 billion by 2030.
FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'
FTX co-founder and Chief Executive Officer Sam Bankman-Fried said some tokens could be classified as securities and those that are not, urging a federal oversight of the crypto industry.
Thailand Plans to Amend Regulations Governing Crypto Assets
Thailand's crypto regulation is under scrutiny as the government plans to amend rules governing digital assets.
JPMorgan Sees Retail Demand Improving, Ending ‘Intense Phase’ of Deleveraging
According to JPMorgan, the current crypto market is seeing improved investor sentiment and increased demand driven by retail investors.
Tesla Sold 75% Bitcoin Holdings in Q2, Worth $936m
Tesla’s 75% of Bitcoins have been sold from its holdings. This sale comes after a sharp drop in crypto prices across the board, including Bitcoin and Dogecoin.
FTX and FTX.US Looking to Raise New Funds after Acquisition Campaign
FTX Derivatives Exchange and its American subsidiary FTX.US are exploring options to raise new sets of funds after the duo injected the bulk of the funds in supporting distressed crypto companies.
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
Paraguay is advancing its crypto bill. Though it appears taking clues from its counterpart, El Salvador.
Central African Republic to Launch Sango Coin Cryptocurrency Next Week
The latest move by the Central African Republic comes after it adopted Bitcoin as legal tender in April. The African country plans to adopt cryptocurrency to revitalize its economy.
SARB to Introduce Crypto Regulation
South Africa has changed their mind in terms of crypto regulation. The regulator intends to introduce a legal framework to govern the use of cryptocurrencies in the country.

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