News Explorer — Bitcoin, Stablecoins Like USDT Used in Countries With Economic Instability for Secure Transactions: Report

Generated by AI, curated by humans

May 9, 4:42 pm

bitcoinmagazine.com

Bitcoin, Stablecoins Like USDT Used in Countries With Economic Instability for Secure Transactions: Report

The Bank for International Settlements (BIS) report reveals that Bitcoin and other cryptocurrencies are increasingly utilized in countries with high inflation, expensive money transfers, or strict capital controls. People rely on crypto for secure, cost-effective cross-border transactions when traditional financial systems fail.

The Bank for International Settlements (BIS) report reveals that Bitcoin and other cryptocurrencies are increasingly utilized in countries with high inflation, expensive money transfers, or strict capital controls. People rely on crypto for secure, cost-effective cross-border transactions when traditional financial systems fail.

Latest

Mar 9, 7:37 pm

Decrypt

Bitcoin Defies Traditional Market Turmoil—Here's What the Charts Say

The VIX surged above 35, stocks and gold fell, and Bitcoin traded above $69,000 despite traditional market turmoil. Trad... Read Summary

Mar 9, 6:51 pm

Decrypt

Ethereum Treasury Sharplink Reports $734 Million Loss Following ETH Price Plunge

Sharplink reported a $734 million loss due to Ethereum's price drop, despite pivoting to become the second-largest corpo... Read Summary

Mar 9, 6:21 pm

Decrypt

Regulated Crypto Derivatives Now Available in Europe Through Coinbase Advanced

Coinbase has introduced regulated crypto derivatives for traders in 26 European countries through Coinbase Advanced, com... Read Summary

Mar 9, 5:51 pm

DL News

Courts in South Korea Are Excluding Crypto Investments From Liquidation Calculations

South Korea's household debt is on the rise, prompting courts to exclude crypto investments from liquidation calculation... Read Summary

Mar 9, 5:41 pm

Decrypt

Nigel Farage Invests in UK Bitcoin Treasury Firm Stack BTC

Nigel Farage has invested in Bitcoin-focused firm Stack BTC Plc, joining Blockchain.com in a £260,000 fundraising round.... Read Summary

Mar 9, 4:06 pm

DL News

Scammers Exploit Sympathy for Iran to Trick Russians Into Sending Bitcoin, Ethereum and XRP: Report

The All-Russia People’s Front, a political coalition linked to President Putin, warns of scammers using fake documents t... Read Summary

Mar 9, 2:50 pm

Decrypt

Strategy Buys $1.28 Billion in Bitcoin as Preferred Share Issuance Surges

Strategy made its largest Bitcoin purchase in over a month, spending $1.28 billion from funds that partly came from its... Read Summary

Mar 9, 2:45 pm

Decrypt

Bitcoin ETF Flows Cooled Last Week Amid Market Chaos

Bitcoin's price movements this week were influenced by geopolitical tensions in the Middle East and crypto fund flows, w... Read Summary

Mar 9, 1:56 pm

Decrypt

Tom Lee's BitMine Boosts Ethereum Treasury Over $9 Billion as ETH Reclaims $2,000

BitMine Immersion Technologies increased its Ethereum holdings by nearly 61,000 ETH last week, bringing the total to 4,5... Read Summary

Mar 9, 1:45 pm

Decrypt

Nasdaq Teams With Kraken to Launch Tokenized Stock Trading in 2027

Nasdaq is collaborating with Payward, the parent company of Kraken, to introduce tokenized equities for enhanced investo... Read Summary

Mar 9, 12:43 pm

Coindesk

KAST Raises $80 Million to Expand Cross-Border Stablecoin Payments Platform

KAST, a financial platform for cross-border payments, secured $80 million in Series A funding led by QED Investors and L... Read Summary

Mar 9, 12:23 pm

Coindesk

US Treasury Admits Crypto Mixers Can Serve Lawful Privacy Purposes

The U.S. Treasury Department has shifted its stance on crypto mixers, recognizing their potential for legitimate privacy... Read Summary

Mar 9, 12:19 pm

DL News

Coinbase Introduces Leveraged Futures for Bitcoin and Ethereum in Europe

Coinbase has launched leveraged futures for Bitcoin, Ethereum, and an equity index in 26 European countries, offering tr... Read Summary

Mar 9, 8:44 am

Coindesk

US Clarity Act Will Benefit Banks More Than Crypto Industry, Says Former CFTC Chair

The U.S. Digital Asset Market Clarity Act, crucial for regulatory certainty, is stalled, with banks needing it more than... Read Summary

Mar 9, 5:53 am

Decrypt

Quantum Computing May Force Crypto Exchanges to Develop New Wallets

Research suggests that hierarchical deterministic wallets, used by exchanges like Coinbase and Binance, may face challen... Read Summary