Tether's Grip Surpassed 80% in the Brazilian Cryptocurrency Market Throughout Q1 and Q2 of 2023During Q1 and Q2 2023, USDT, the leading stablecoin, dominated the Brazilian crypto market, constituting over 80% of transactions. Data from the Brazilian tax authority revealed that USDT was utilized in t

Galaxy Digital CEO Mike Novogratz has expressed optimism about the possibility of the U.S. Securities and Exchange Commission (SEC) approving a spot bitcoin exchange-traded fund (ETF) within the next four to six months. Novogratz's perspective is based on insights from contacts at Blackrock and Inve

Task Force Lima will investigate the potential applications of artificial intelligence in all facets of American defense, especially warfighting capabilities.Source: www.gao.govA new task group has been established by the US Department of Defense to investigate the potential applications of generati

Bitcoin Mining Council Unveils Sustainable Expansion: Fresh Survey Illuminates the Industry's Energy Efficiency and Power AdvancementsThe Bitcoin Mining Council's latest report showcases advancements in electricity consumption, technological efficiency, and sustainable power in the industry during H

1. Market TrendBetween August 7 and August 9, the BTC price fluctuated between $28,701.03 and $30,244.00, with a volatility of 5.37%. From the 1-hour chart, BTC has been running steadily within the range established on August 1 ($28,500-$30,000). During this time, the price frequently tested the ran

Even if the Lightning Network is expanding, widespread adoption is still hampered by liquidity concerns and a lack of user awareness.Source: schor.medium.com At the peak of the Bitcoin blockchain, there is a layer-2 solution called the Lightning Network, and its main goal is to solve the scalability

Swiss investment banking giant UBS has expressed its conviction that the U.S. dollar's dominance will persist into the foreseeable future. Despite the recent Fitch Ratings' downgrade, Alejo Czerwonko, Managing Director and Chief Investment Officer Emerging Markets Americas at UBS Global Wealth Manag

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has sounded a warning about the potential for artificial intelligence (AI) technology to become a catalyst for future financial crises. Gensler's concerns center around the economic dynamics of scale and networks inherent in AI tech

US Representative Patrick McHenry Envisions Stablecoins as a Cornerstone of Our Modern Payment SystemUS Representative Patrick McHenry, chair of the House Financial Services Committee, supports PYUSD, a USD-pegged stablecoin by Paypal. He believes regulated stablecoins could be integral to the moder

Federal Reserve Governor Michelle Bowman addressed the possibility of implementing additional interest rate hikes to achieve price stability. During an event hosted by the Kansas Bankers Association in Colorado, she expressed support for the rate hike decision made at the Federal Open Market Committ