Crypto World News

2024-04-14 18:50:59 Top 5 Daily Gainers & Losers

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2024-04-14 09:15:57 US Treasury: Russia Turns to Tether (USDT) to Evade Sanctions

Adeyemo emphasized the necessity of enhancing secondary sanctions capabilities within the Treasury, directed towards digital asset providers. Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months.

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2024-04-13 18:47:18 Bitfarms expands Bitcoin mining hashrate to 7 EH/s with Quebec upgrades

Bitfarms announced on April 12 that it completed upgrades to its Bitcoin mining facilities in two locations, bringing its total hash rate to 7 EH/s. Bitfarms installed 3,168 T21s devices at its Garlock, Québec facility, plus 1,710 T21s and 100 M53S+ hydro miners at its Farnham, Québec site. Geoff Morphy, President and CEO of Bitfarms, emphasized the benefit of efficiency, asserting the “transformative nature of [the] upgrade plan.” He noted that greater efficiency prepares the company for Bitcoin’s upcoming halving event.

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2024-04-10 10:36:35 JUST IN: US Senator Cynthia Lummis says high ranking government officials feel threatened by Bitcoin because they can’t control it

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2024-04-09 20:27:08 US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. This remark follows increasing reports that malicious actors used Tether’s stablecoin for their illicit activities. Notably, the US and UK governments launched a joint investigation into crypto transactions worth over $20 billion that may have violated Russian sanctions involving the stablecoin.

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2024-04-09 18:30:02 Top 5 Daily Gainers & Losers

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2024-04-09 11:29:52 Top Chinese mutual funds exploring Bitcoin ETFs via Hong Kong units

Leading Chinese mutual funds are actively exploring Bitcoin exchange-traded funds (ETFs) through their subsidiaries in Hong Kong, with adoption set to kick off within the second quarter once regulatory approval is secured, local media reported on April 8. Jiashi Fund has applied to launch a Bitcoin spot ETF, while Huaxia Fund’s subsidiary recently partnered with Bitcoin ETF custodian HashKey. Both firms are awaiting regulatory approval to proceed further.

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2024-04-08 22:31:53 BlackRock IBIT ETF nears $15 billion net milestone amid $308 million inflow

Farside data revealed a $203.0 million net inflow on Apr. 5, marking the Bitcoin ETFs’ fourth consecutive net inflow day. This trend suggests a growing interest and confidence in the digital asset space among investors. Notable among the ETF providers is BlackRock’s IBIT, which saw a substantial net inflow of $308.8 million, bringing its cumulative total net inflow to $14,769.1 billion. This represents the biggest net inflow day for IBIT since March 27, underscoring the fund’s growing prominence in the market.

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2024-04-08 19:11:05 Top 5 Daily Gainers & Losers

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2024-04-08 11:21:53 Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has 'a Lot More' Upside

Skybridge Capital founder Anthony Scaramucci discussed his bitcoin outlook in an interview with CNBC Friday. He explained that the demand for spot bitcoin exchange-traded funds (ETFs) “was a big reason” for the recent rebound in bitcoin’s price. “The regulatory hurdle where the United States government is now allowing a CUSIP to be attached to bitcoin is a big reason and … when Wall Street gets a product like this, it’s like a selling machine and it’s generating lots of demand for the product,” he detailed.

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