Day: 9 February 2025

Brazil’s Banking Giant Itaú Opens Bitcoin and Ethereum Trading to 50M+ Customers

Vortex Cryptonews

Itaú Unibanco launches cryptocurrency trading through Ion app with a minimum investment of R$10 and a 2.5% transaction fee per operation. The bank has registered a 300% monthly volume increase since launching its crypto platform in 2023, with a 30% growth in new customers in the last month. The institution offers two applications: Superapp for novice traders and Ion for users with basic web3 knowledge, both featuring the bank’s in-house custody services. Itaú Unibanco Holding S.A (Brazil: ITUB3) today the expansion of its cryptocurrency services by introducing a new trading…

Bitcoin Price Rally Eyes $108K: Is BTC New Gold Standard?

Vortex Cryptonews

Bitcoin hits a new all-time high of 40 ounces of gold per BTC, reflecting its rising dominance over traditional assets. Chartist Peter Brandt projects Bitcoin-to-gold ratio could reach 89, underscoring BTC’s growing dominance. BlackRock’s iShares Bitcoin ETF surpasses iShares Gold Trust in AUM, cementing Bitcoin’s growing appeal among institutional investors. With Bitcoin reaching a new all-time high, the crypto total market cap peaked at $3.67T. As the buying pressure over the weekends drives to new peaks, the bulls are preparing to enter unchartered price levels. Amid the recovery run, the…

Bank of England Looks to Boost Digital Pound Privacy with ZK-Proof

Vortex Cryptonews

The Bank of England highlighted the potential for ZK-Proof to make the Digital Pound private as current digital currencies. The central bank has been exploring the creation of a Digital Pound collaborating with the Massachusetts Institute of Technology’s Digital Currency Initiative. Public consultations continue, with a decision on launching the digital currency still pending. The is now testing emerging privacy technologies like ZK-Proof aka zero-knowledge proofs, and integrating it into the Digital Pound ecosystem, to boost the security of its central bank digital currency (). In its recent report dubbed…