Global #Cryptocurrencies

South Korean Customs officials have reported a significant increase in drug smuggling activities, attributing the rise to the growing use of cryptocurrencies.

At the Eastern Economic Forum in Vladivostok on September 7, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), made a compelling case for the use of cryptocurrencies and stablecoins in international trade.

On Tuesday, Bitcoin (BTC) experienced a notable decline of over 2%, mirroring the broader downtrend in the US stock market, which saw a significant loss of $1.05 trillion in market value.

In a dramatic turn of events, the U.S. stock market suffered a staggering loss of approximately $1.05 trillion in market value within just 24 hours.

In recent weeks, the world’s largest cryptocurrency by market capitalization, Bitcoin, has seen a notable downturn, dropping below the $59,000 mark.

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In a recent landmark ruling, the Supreme Court of British Columbia has set a precedent for the legal treatment of cryptocurrency in Canada.

Ripple's recent developments have reignited interest in XRP, particularly with Ripple CTO David Schwartz's intriguing comments on the relationship between XRP and Stellar (XLM).

In a recent paper, the Basel Committee on Banking Supervision (BCBS) has underscored the multiple risks faced by banks engaging in transactions on permissionless blockchains.

Russia is poised to begin trials for crypto exchanges starting September 1, as part of a strategic move to mitigate the impact of international sanctions. According to Bloomberg, citing knowledgeable sources, these trials will focus on enabling conversions between rubles and cryptocurrencies through the National Payment Card System, which is regulated by the Bank of Russia.

A recent survey has revealed that Ripple (XRP) is the fourth most-held cryptocurrency among institutional investors, with over 20% of respondents claiming to hold the token in their portfolios.

Cryptocurrencies have increasingly become a central element in the global financial ecosystem, offering novel opportunities for investment, trading, and technological innovation.