DeFI News by Thebittimes.Com

In a surprising event, Monero (XMR) dethroned Bitcoin (BTC) as the most used cryptocurrency in Europe’s biggest Bitcoin store . According to ShopinBit ‘s monthly report, three in every four users paid with XMR in June. Notably, the e-commerce shared this data in an X post on July 12, highlighting 74.54% of all payment s made with Monero and 23.64% with Bitcoin. 1.73% of the payment s used Bitcoin’s Lightning Network, while 0.08% used fiat currencies. In this context, ShopinBit launched a challenge and will focus more on XMR if this trend continues. Picks for you Bitcoin or Gold? We asked ChatGPT-4o which asset is a better buy for the second half of 2024 46 mins ago ChatGPT-4o sets BTC's price after US 2024 Bitcoin C...

Hong Kong-based OTCs say the region has become a safe harbor not only for crypto multimillionaires but for ordinary people, too. As the ongoing international conflict between Russia and Ukraine keeps unfolding, many citizens of both countries turned to Hong Kong, seeking safety for their money in crypto. Chainalysis, a New York-based blockchain forensic firm, citing Hong Kong-based over-the-counter (OTC) firms, revealed that “many Russians and Ukrainians are coming to Hong Kong to get their money to safety using crypto .” In a commentary to Chainalysis, Merton Lam, founder of one of the largest crypto OTCs in Hong Kong called CryptoHK, said that for high net worth individuals crypto has become a “part of their investment portfolio.” “They mostly want Bitcoin and Ether, though some have shown interest in smaller altcoins recently, which is interesting.” Merton Lam Merton did not go into details but noted that “ordinary people” al...