Standard Chartered has raised its bitcoin forecast, predicting that the cryptocurrency’s price could reach $250,000 next year and $150,000 this year. The bank also adjusted its ether forecast as it anticipates the approval of a spot ether exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) in May. Standard Chartered’s Revised Bitcoin Price […]
El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced […]
According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector. The Central Bank’s Change of Heart In a surprise announcement, Yemi Cardoso, governor of the […]
Bitcoin Standard Hashrate Token (BTCST) traded down 11.3% against the U.S. dollar during the 24 hour period ending at 18:00 PM ET on March 18th. Over the last week, Bitcoin Standard Hashrate Token has traded down 13.4% against the U.S. dollar. One Bitcoin Standard Hashrate Token token can currently be purchased for $0.50 or 0.00000744 […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper […]
One Bank Sees Bitcoin At $200,000, While Ether Hits $14,000 As It Becomes JPMorgan's Favorite Crypto Many crypto skeptics laughed over a month ago when, back on February 5, Standard Chartered analyst Geoff Kendrick predicted that Ether (which was then trading in the low $2000s) would hit $4,000 by May, around the time the Ethereum ETF was to be approved. They weren't laughing when we got there just one month later, and more than two months ahead of schedule. They also laughed...
Reports from local Salvadoran press are raising questions about President Bukele’s announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of these belonged to the country. Moises Alvarado, a Salvadoran journalist, found that 80% of the funds in this wallet came from Bitfinex, an international exchange, while 20% came […]
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PRESS RELEASE. Coinme, a leading cryptocurrency cash exchange in the U.S., announced today the addition of over 9,700 physical Bitcoin ATM locations to the Bitcoin.com site and map finder. Coinme powers thousands of Coinstar Bitcoin ATMs across the country, where customers can turn cash into crypto in mere minutes. “We’re excited to now be discoverable […]
The Managing Director/Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has warned newly-inducted members of the Chartered Institute of Bankers of Nigeria that being a professional banker is not the route to becoming a billionaire. Suleiman said this on Saturday at the 2024 Stream 1 graduate induction and prizegiving day of the CIBN held in Read More
NPCI Bharat Billpay (NBBL), banks and fintech firms are in talks to implement banking interoperability, following central bank approval for the project, said two senior bankers with knowledge of the matter. NBBL could start work on the pipelines to enable such transactions in April, they said.“Currently, conversations are happening with the large participants in the net banking ecosystem to find the right implementation strategy,” one of the bankers said. “The top banks like HDFC Bank, SBI,...
Bank Holiday March 25: All banks will remained closed today (March 25) on account of the Holi festival which marks a long weekend for banks as services were shut on March 23- fourth Saturday- and March 24- Sunday. Although, this may differ as per your state as Holi is being celebrated in most states on March 25 but not in all of them. In March 2024, public banks have a total of 14 listed non-working days which includes public holidays, state-specific holidays, second and fourth Saturdays and all...