Bitcoin News and Finance: What You Need to Know

Iran’s President Ebrahim Raisi has pushed for de-dollarization, stating that any attempt to “shape a fair international system” requires the removal of the U.S. dollar. “What forms the basis of the Western domination system has been the dominance of the dollar,” the Iranian leader stressed. Iranian President Calls for De-Dollarization at SCO Summit Iran’s President Ebrahim Raisi emphasized the need to de-dollarize in his remarks at the 23rd virtual summit of the Shanghai Cooperation Organisation (SCO) Council of Heads of State on Tuesday. Iran became a new permanent member of the SCO at the summit, which was hosted by India and chaired by Indian Prime Minister Narendra Modi. The summit was also attended by China’s President Xi Jinping, Russia’s President Vladimir Putin, Kazakhstan’s President Kassym-Jomart Tokayev, Kyrgyzstan’s President Sadyr Japarov, Pakistan’s Prime Minister Shehbaz Sharif, Tajikistan’s President Emomali Rahmon, and Uzbekistan’s President Shavkat Mirziyoyev. Du...

Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and associated states of the Mercosur trade bloc to de-dollarize and establish stronger strategic alliances with international organizations, including the BRICS group. “We are experiencing a crucial moment of transition towards a multipolar world that guarantees a balance of powers and respects the principle of non-interference,” he emphasized. Bolivia Calls for De-Dollarization at Mercosur Summit Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) called for de-dollarization and increased strategic alliances with international organizations, including the BRICS economic bloc at the 62nd Summit of Heads of State of Mercosur and Associated States in Puerto Iguazú, Argentina. The Southern Common Market, also known as Mercosur, is a South American trade bloc whose full members are Argentina, Brazil, Paraguay, and Uruguay. Venezuela joined as a full member in 2012 but was suspended indefinitely in la...

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area of ​​financial institutions” and is in violation of the country’s Financial Business Act. Danish Financial Regulator Insists ‘Unregulated Trading in Crypto-Assets Can Create Distrust in the Financial System’ The Danish financial regulatory authority, tasked with overseeing financial markets in Denmark, has directed Saxo Bank to liquidate its crypto asset portfolio. Saxo Bank , an investment bank established in 1992, specializes in online trading and investment. In 2017, Saxo Bank incorporated crypto assets into its services, enabling trading of digital currencies like BTC , LTC , and ETH . The bank also offers customers access to crypto exchange-traded products (ETPs), allowing investor...

Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent statistics. This has not only reduced a significant portion of the congestion but also led to a decrease in onchain fees within the same period. Bitcoin Fees and Unconfirmed Transactions Slide Lower Although Bitcoin’s backlog of transactions remains above 145,000, data indicates that miners have managed to clear more than half of the congestion during this week. Archived information from mempool.space reveals that on June 27, 2023, a total of 332,508 pending transactions awaited confirmation. Additionally, a high-priority onchain fee would cost users $1.29 per transaction, with 194 blocks needed to be mined to clear 100% of the backlog. With today’s backlog consisting of 145,240 transfers still pending, only 94 blocks must be mined to alleviate congestion. As of July 5, 2023, data demonstrates that a high-priority transaction fee is now $0.77 per...

PRESS RELEASE. In a world stifled by bureaucracy and conformity, anonymous Bitcoin ATM operator Shitcoins.club stands as a beacon of rebellion and disruptive technology. Their CEO, a visionary with a penchant for challenging norms, declared, “We’re here to break the mould and disrupt the status quo, one irreverent name at a time”. The company’s very existence is a testament to the fact that the blockchain revolution was ignited by a desire to defy the established order, not to capitulate to the corporate facade. Nothing proves this better than the carpet designs that have been laid down at over 200 of the company’s locations. Anonymous Bitcoin ATMs in an Age of Data Exploitation As the digital age ushers in an era of relentless data collection, storage, and sale, Shitcoins.club boldly champions the cause of privacy. With no account registration, no apps, no phone verification, no bank account integration and no marketing permissions required , this crypto ATM operator is a breath...

According to Cameron Winklevoss, the co-founder of the crypto exchange Gemini, a lawsuit will be filed on July 7 against Barry Silbert and the Digital Currency Group if the latter two fail to accept creditors’ “best and final offer.” Winklevoss also vowed to work with the Genesis Special Committee “to advance a non-consensual plan that adheres to a strict timeline and provides for immediate distributions to creditors and Earn Users.” ‘Indefinite Forbearance’ Cameron Winklevoss, the co-founder of the crypto exchange Gemini, has warned Digital Currency Group (DCG) founder Barry Silbert that a lawsuit will be filed against him and his company on July 7 if refuses to accept creditors’ best and final offer.” In an open letter shared via Twitter, Winklevoss, who accuses Silbert of dragging the process to resolve DCG’s failure to make creditors whole, said a demand will also be made for the Genesis Special Committee (GSC) to file a turnover motion on or before July 7. Such a step will put ...