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Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3

Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3

As Solana (SOL) attempts to reclaim a crucial level, a market watcher forecasted a massive rally for this quarter. However, some analysts suggested that the cryptocurrency will retest the range lows soon.Solana Nears Crucial LevelOn Tuesday, Solana surged 9.6% from the recent lows, driven by the sta…

The Daily: China’s local govts quietly sell off seized digital assets, Coinbase warns of signs ‘crypto winter’ is coming and more

The Daily: China’s local govts quietly sell off seized digital assets, Coinbase warns of signs ‘crypto winter’ is coming and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! Gary Gensler this morning gave his first interview since leaving the SEC — and crypto still seems to be living rent-free in his head, as the former chair told CNBC the indu…

China’s local governments sell seized crypto to refill public coffers despite trading ban: Reuters

China’s local governments sell seized crypto to refill public coffers despite trading ban: Reuters

Chinese local governments have been selling seized cryptocurrencies via private companies despite an ongoing crypto trading ban in mainland China, according to Reuters.Amid a slowing economy, local governments have been selling crypto assets confiscated from illicit activities for cash to replenish …

Binance Expands in Uzbekistan with Local Currency Deposits and Withdrawals

Binance Expands in Uzbekistan with Local Currency Deposits and Withdrawals

Binance has received authorization to operate in Uzbekistan through a partnership with COINPAY LLC. This collaboration allows Binance to use COINPAY's official platform, coinpay.uz, to provide services in the country.Binance Enhances Services with Local Currency SupportKyrylo Khomyakov, Binance, Sou…

Thai Immigration authorities crack down on $620K cross-border crypto scam

Thai Immigration authorities crack down on $620K cross-border crypto scam

Thai immigration officials have busted a cross-border cryptocurrency scam that duped a local woman out of over $620,000. According to local news outlet Khaosod, authorities have arrested five individuals linked to the scam, including Cambodian, Myanmar, and Thai nationals who…

Rony Roy
BRICS Leaders Push for Local Currency Network, Diminishing US Dollar Role

BRICS Leaders Push for Local Currency Network, Diminishing US Dollar Role

BRICS leaders have declared their commitment to a local currency payment network designed to revolutionize cross-border transactions and reduce reliance on the U.S. dollar. BRICS Leaders Commit to a Groundbreaking Local Currency Payment Network At the 16th BRICS Summit in Kazan, Russia, BRICS leader…

Kevin Helms
Study: AI Success in Africa Depends on Availability of Local Language Data and AI Talent

Study: AI Success in Africa Depends on Availability of Local Language Data and AI Talent

According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and

Terence Zimwara
Bitcoin Approaches Local Bottom Amid Recent Massive BTC Sell-Offs – Bitfinex

Bitcoin Approaches Local Bottom Amid Recent Massive BTC Sell-Offs – Bitfinex

Bitcoin continues to struggle with regaining its upward momentum after dropping from the $62,800 level about a week ago, fueling speculations of an imminent further decline. However, Bitfinex, a leading Hong Kong-based cryptocurrency exchange, in a recent analysis report has predicted that Bitcoin c…

Godspower Owie