El Salvador's Bitcoin Bet Finally Pays Off
El Salvador's Bitcoin Bet Finally Pays Off
Brazil's Largest Private Bank Launches BTC, ETH Trading, XRP's Win Over SEC, Crypto.com Receives UK's EMI License, Osmosis & Umee Merge
Welcome to Coinfeeds Daily Digest! Today we cover celebratory events in Central and South America as El Salvador's National Treasury is now likely in profit after Bitcoin surged past $40K and Brazil's largest private bank launches Bitcoin and Ethereum trading. XRP triumphs after a significant win in the SEC lawsuit, with Brad Garlinghouse being praised as '2023's Comeback King', tokens linked to Terra have jumped over 70% on Bitcoin-linking and burn program news, Bitcoin saw $181 million wiped as the bulls crushed shorts in recent rally, Crypto.com obtained UK authorization as an EMI (Electronic Money Institution). In transaction-related news, Riot Platforms invested $291M in Bitcoin mining rigs, and an Ethereum whale moved $90M to Kraken.
Market Update
News
El Salvador's Bitcoin Bet Likely In Profit
After enduring a prolonged period of market downturns, El Salvador’s investment in Bitcoin is now yielding profits. This development marks a notable shift from the skepticism that surrounded the country's initial foray into the digital currency space. | Read More
Brazil's Largest Private Bank Launches Bitcoin Trading
Itau Unibanco, the country's largest private bank, has announced the launch of Bitcoin trading services. This step not only marks the bank's entry into the digital currency space but also indicates a growing acceptance of cryptocurrencies within the traditional financial sector. | Read More
Ripple Triumphs in SEC Lawsuit, Brad Garlinghouse is "2023's Comeback King"
Ripple's recent triumph in the legal arena, with a victory over the SEC lawsuit greatly impacted the company and its supporters. At the center of this success story is Brad Garlinghouse, the CEO of Ripple, who has been hailed as the "Comeback King" of 2023 following the company's win against the SEC. | Read More
Crypto.com Secures UK EMI License
Crypto.com has been granted authorization to operate as an Electronic Money Institution (EMI) by the UK's Financial Conduct Authority (FCA). This milestone marks a crucial step for the company in expanding its financial services within the United Kingdom. | Read More
Riot Platforms Invests $291M In Bitcoin Mining
In a bold move that signals confidence in the future of cryptocurrency, Riot Platforms, a prominent Bitcoin miner, has invested a staggering $291 million in new mining equipment. This investment has been made in anticipation of the Bitcoin halving event scheduled for April 2024. | Read More
Bitcoin: $181M Wiped As Bulls Crush Shorts
A sharp increase in Bitcoin's value resulted in a massive wave of liquidations, where over $181 million worth of positions were wiped out. This event highlights the risks associated with trading in the crypto futures market, particularly for those who are not well-informed about its dynamics. | Read More
Terra Tokens Rally 70% with New Revival Plan
Several key developments have acted as catalysts for the recent surge in Terra's tokens. One of the primary factors is the introduction of a new plan to revamp the terraUSD classic (USTC) by linking it with Bitcoin. | Read More
Osmosis and Umee Merge, Forming Cosmos 'DeFi Hub'
The blockchain landscape is set to witness a significant transformation with the upcoming merger of two Cosmos-based networks, Umee and Osmosis. This strategic fusion is poised to establish a robust "DeFi Hub" within the Cosmos ecosystem. | Read More