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Iran makes $10M import using crypto, plans ‘widespread’ use by end of Sept

Iran makes $10M import using crypto, plans ‘widespread’ use by end of Sept | Trading Cocktail

Iran makes $10M import using crypto, plans ‘widespread’ use by end of Sept. Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals. Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior …

Kraken is Suspected of Violating U.S. Sanctions

Kraken is Suspected of Violating U.S. Sanctions | Trading Cocktail

Kraken is Suspected of Violating U.S. Sanctions, the Treasury Department is investigating whether the crypto exchange allowed users in Iran to buy and sell digital tokens, said people with knowledge of the matter.     Kraken, one of the world’s largest cryptocurrency exchanges, is under federal investigation, suspected of violating U.S. sanctions by allowing users in Iran and elsewhere to …

Tesla Sold Bitcoin – 75% of its holdings

Tesla Sold Bitcoin - 75% of its holdings | Trading Cocktail

Tesla Sold $936M Worth of Bitcoin By Nelson Wang – CoinDesk Electric car maker Tesla (TSLA) sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter, the company reported Wednesday in its earnings report. The company ended the second quarter with just $218 million in bitcoin, down from $1.26 billion in the previous three quarters. The company held …

NFT, Private Wallet Fates Hang on EU Crypto Talks This Week

NFT, Private Wallet Fates Hang on EU Crypto Talks This Week | Trading Cocktail

NFT, Private Wallet Fates Hang on EU Crypto Talks This Week Officials could this week finalize controversial privacy and licensing rules for the sector – once they decide how to treat NFTs and unhosted wallets. European Union (EU) negotiators meet this week for a last-ditch attempt to hammer out anti-money-laundering rules and a new authorization regime for crypto service providers. …

Lagarde: Crypto Is ‘Worth Nothing’ and Should Be Regulated

Lagarde: Crypto Is ‘Worth Nothing’ and Should Be Regulated | Trading Cocktail

Lagarde: Crypto Is ‘Worth Nothing’ and Should Be Regulated Digital euro will be safer store of value, ECB president says Comments come amid turbulent times for crypto markets European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings. Lagarde told Dutch television …

Bitcoin breaks key technical support, altcoins see bigger drop

Bitcoin breaks key technical support | Trading Cocktail

Bitcoin breaks key technical support. Altcoins see bigger drop. Thin liquidity over the long weekend accelerates price decline. Bitcoin fell to its lowest level in more than a month, and other digital assets also fell, because investors were afraid of taking risks and there wasn’t a clear reason to buy.There was a lot of volatility in the cryptocurrency market on …

Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back

Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back | Trading Cocktail

Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, Ripple CEO Brad Garlinghouse has said. “I own bitcoin, I own ether, I own some others,” Garlinghouse said. “I am an absolute believer that this industry is going to continue to thrive.” Bitcoin “maximalism” has meant …

Cryptoverse: Gold coins glimmer amid the global gloom

Cryptoverse: Gold coins glimmer amid the global gloom crypto market | Trading Cocktail

Cryptoverse: Gold coins glimmer amid the global gloom. April 19 (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG , has jumped 7.4% …