₿itcoin News and Finance: What You Need to Know

  The survey, which involved 8,205 companies across the European Union, found that only 0.2% accepted cryptocurrencies for online payments. Acceptance of digital assets rose to 1% at physical points of sale. 92% of companies with physical points of sale accept cash, making it the most widely accepted payment method in Europe. EXECUTIVE Summary  An ECB survey found crypto acceptance at European businesses is under 1%, while cash dominates at 92%. Low crypto adoption means EU businesses miss out on reduced transaction fees and fewer middlemen. Despite MiCA regulations offering clarity, EU payment firms are slow to build crypto solutions. ECB Use of Cash Survey Reveals Low Cryptocurrency Adoption The latest survey of the European Central Bank (ECB) on the use of cash by companies in the euro area has offered an insight into the low level of crypto adoption in the region. The survey, which included 8,205 companies in all Euro area countries , seeks to determine the standing of cas...

  World Gold Council CEO David Tait says bitcoin is headed for zero because the supposed hedge keeps showing up as high-beta risk when markets turn ugly. EXECUTIVE Summary  David Tait said that bitcoin could eventually go to zero. Gold holding near $4,400 reflects central-bank buying and sovereign-debt concerns. Investors watch bitcoin correlation, IBIT flows and 2026 tokenized-gold plans. Tait made the call in a Consensus Miami interview with David Lin, posted on Youtube later that month, and has recently gone viral on social media. It is circulating widely again because every bout of market stress revives the same question: Does bitcoin protect capital, or does it join the stampede for the exits? Tait told Lin at the event: “I know my personal opinion on bitcoin is that it’s going to go to zero… That’s my personal opinion … It’s just my personal opinion … Just instinct as a trader.” He was very careful to label it a personal view, not a World Gold Council (WGC) forecast dres...

  Binance will stop processing transactions involving 16 crypto platforms following regulatory developments. Transfers attempted after the applicable deadlines may undergo compliance reviews and trigger temporary restrictions on affected wallets. Key Takeaways Binance restrictions cover 16 platforms across three effective dates. Attempted transfers may trigger reviews and wallet restrictions. U.S. and U.K. sanctions target Iranian and Russian crypto networks. Binance Sets Three Deadlines for Transaction Restrictions Transactions involving 16 crypto-asset service providers will no longer be processed through Binance under restrictions announced Aug. 14. The exchange instructed users not to send funds to, receive assets from, or otherwise engage directly or indirectly with the named entities after their respective effective dates. Restrictions took effect Aug. 7 for Shelbit, operated by Shelbit General Trading LLC, and Aban Tether Exchange. Binance applied a second deadline on Aug. ...