Glassnode, a blockchain analytics firm, forecasts a bullish trend for Bitcoin. The cryptocurrency is likely to reach $100,000, though momentum might slow after this milestone. Long-term holders (LTH), a key investor group, are selling for profits. Glassnode’s Spending Binary Indicator tracks their sell-side activity. It shows increased distribution, with asset balances dropping in 11 of […]
Coffee prices surged to one-week highs on Tuesday, driven by growing concerns over adverse weather events that may impact global production. The dry conditions in Brazil, the world’s leading arabica coffee producer, are contributing to the upward pressure on prices. According to Somar Meteorologia, the Minas Gerais region, which accounts for around 30% of Brazil’s […]
Chicago soybean futures decline following a short-lived rally prompted by covering of short positions. Anticipated ample supplies from South America exert downward pressure. Chicago soybean prices dipped after reaching their highest point in nearly three weeks on Monday, as the anticipation of plentiful supplies from South America constrained further price increases. Meanwhile, corn experienced its […]
Jair Bolsonaro, the president of Brazil, has approved the whole crypto regulation bill that had just been passed by the Senate and Chamber of Deputies of that nation on Thursday without making any changes. Brazil's President officially signs into law a bill legalizing crypto payments in the country — Blockworks (@Blockworks_) December 22, 2022 On […]
Next week, the Chamber of Deputies will discuss the Brazilian cryptocurrency law, a project that aims to control the activities of cryptocurrency exchanges and custody agents as well as create clear guidelines for mining. On November 22, the law will be considered after it was put on hold before the general election that took place […]
Due to the nature of cryptocurrency, crimes tied to this industry are difficult to detect or trace by traditional intelligence agencies. For this reason, some countries have channeled serious funding to special intelligence units to tackle new tech crimes. Brazil has become the latest of such countries. The Southern American—which has had its fair share […]
