CryptoNews

Elon Musk Backs DOGE for Tesla Payments — Says 'Dogecoin to the Moon' – Altcoins Bitcoin News

March 15, 2024
Tesla and Spacex CEO Elon Musk has expressed that Tesla should enable dogecoin as a payment method for its vehicles “at some point.” He exclaimed, “Dogecoin to the moon,” as he explained his reason for backing the meme cryptocurrency. “Lots of rich people were supporting bitcoin … But people on the line [at Tesla and Spacex] want me to support DOGE,” the billionaire revealed. Elon…
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Nigeria’s Binance Impasse: Senior Executives Detained at Government ‘Guesthouse’ for 14 Days

March 15, 2024
Tigran Gambaryan, a former U.S. federal agent, is one of two Binance executives being held without charge by Nigerian authorities. A local court approved the executives’ 14-day detention. Recent media reports suggest that Nigerian officials have requested Binance to disclose the identities and transaction histories of its top 100 users. Detained Executives’ Families Demand Their Release Two…
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BILS:Connecting Digital Currencies to the Israeli Economy

March 14, 2024
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the…
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Peter Schiff Downplays Importance of Bitcoin Halving — Discusses 'What Matters Most' for BTC Price

March 14, 2024
Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and gold bug Peter Schiff has shared his perspective…
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Tether Launches USDT on Celo Targeting Increased Usability

March 13, 2024
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability…
CryptoNews

Crypto Economy's Rise Fuels Defi Sector to Surpass $100 Billion TVL

March 13, 2024
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in the overall value of the cryptocurrency market. Major Growth in Defi Currently, the…
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