Author name: Peter

The Rise of Stablecoin Trading in Brazil: Tether Dominates the Market

Introduction The Brazilian Tax Authority (RBF) has recently acknowledged the significant growth in stablecoin trading within the country's cryptocurrency market. In particular, Tether's USDT has emerged as the most transacted stablecoin, with a trading volume of over 271 billion reals (approximately $54 billion) since 2019. Stablecoins Surpass Cryptocurrencies The RBF reports a "vertiginous growth" in […]

The Rise of Stablecoin Trading in Brazil: Tether Dominates the Market Read More »

Vella Finance Drops Crypto Services to Focus on SME Banking

Nigerian Fintech Startup Shifts Focus to Small and Medium-sized Businesses Vella Finance, a Nigerian fintech startup, has recently announced that it will no longer offer cryptocurrency-related services, opting instead to concentrate on providing banking services to small and medium-sized enterprises (SMEs). Co-founder Tolu Adedayo explained that this decision was driven by practical business considerations. According

Vella Finance Drops Crypto Services to Focus on SME Banking Read More »

62% of Americans are LIVING PAYCHECK TO PAYCHECK & Gen X Household Retirement Savings Only $40,000

Self-DirectedGold IRAs are fantastic because they let you put money into precious metals without needing to deal with any middlemen. These accounts are so simple that your grandmother could use them! If you purchase physical gold, silver palladium, platinum, Rhodium bars, coins, rounds and bullion you’ll have instant liquidity. But if you’d like to diversify

62% of Americans are LIVING PAYCHECK TO PAYCHECK & Gen X Household Retirement Savings Only $40,000 Read More »

U.S. Lawmakers Urge DOJ to Consider Criminal Charges Against Binance and Tether for Funding Hamas

Lawmakers Call for DOJ Investigation Two U.S. lawmakers are calling on the U.S. Department of Justice (DOJ) to investigate Binance and Tether for their alleged involvement in funding Hamas. U.S. Senator Cynthia Lummis from Wyoming and U.S. Representative French Hill from Arkansas have sent a letter to U.S. Attorney General Merrick Garland, urging the DOJ

U.S. Lawmakers Urge DOJ to Consider Criminal Charges Against Binance and Tether for Funding Hamas Read More »

The Power of Consistent Investment: A Reddit User’s Bitcoin Experiment

Introduction In a compelling tale of persistence and financial prudence, a Reddit user embarked on a unique investment experiment, demonstrating the potential rewards of consistently investing small amounts, or dollar cost averaging, into Bitcoin. The Experiment The Redditor, going by the handle u/Gorillahair2000, initiated an experiment to determine whether allocating just $5 per day into

The Power of Consistent Investment: A Reddit User’s Bitcoin Experiment Read More »

Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving

Bitcoin Exodus: Record $2 Billion Withdrawn from Exchanges in 90 Days In the past 90 days, trading platforms have witnessed an unprecedented withdrawal of about 60,000 bitcoins, worth over $2 billion. The total number of bitcoins currently held on centralized exchanges is slightly more than 2 million. According to a recent report from Falconx, this

Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving Read More »

South Koreans Show Greater Interest in Altcoins Compared to Americans, Research Finds

Introduction A recent report suggests that South Korean cryptocurrency traders are more attracted to high-risk, high-reward altcoins than their American counterparts. The study reveals that the trading volumes of major cryptocurrencies such as bitcoin and ethereum on the largest Korean exchange are significantly smaller compared to those on the leading U.S. exchange. South Korean Investors

South Koreans Show Greater Interest in Altcoins Compared to Americans, Research Finds Read More »