During an interview on Wednesday (June 15), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), talked about investing in Bitcoin. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase...
The “Metaverse” has become the topic for the year, and the focus of discussion even among those outside of the blockchain industry. However, it is not the metaverse per se that has been grabbing attention worldwide. Rather, it has been another concept that has drawn the eyeballs of the technology and venture capitalist spaces. Some industrial players believe that the arrival of this concept could completely change current economic and social operation models, signaling a new era in the digital...
Crypto exchange Binance said on Monday it will not support a recent privacy upgrade for Litecoin (LTC), citing concerns over anonymous transactions. Binance said it will not support the MimbleWimble Extension Blocks function, which was recently deployed on the Litecoin blockchain. The world’s largest crypto exchange said that it will specifically not accept deposits made through the function, as due to its privacy-heavy nature, the exchange will be unable to verify the sender’s address. Any funds sent through the function to Binance...
After the Terra crash erupted last month, all the focus was on stablecoins. Many people called for regulatory control over this category of cryptocurrencies. On Wednesday, a step forward on stablecoin regulation came in the form of regulatory guidance from a New York regulator.
On Tuesday, June 7, Sendi Young, Managing Director for Europe and UK at FinTech firm Ripple, explained during an interview why Ripple is continuing “to see strong demand.” On 30 June 2021, Ripple announced Young’s appointment. Ripple’s press release stated that Sendi will “oversee strategy and champion the...
A long-awaited bipartisan bill released on Tuesday lays out the groundwork for comprehensive crypto regulation in the United States. Drafted by Senators Cynthia Lummis and Kirsten Gillibrand, the Responsible Financial Innovation Act represents a rare collaboration between Republicans and Democrats to regulate crypto at a federal level. The bill plans to make crypto transactions below $200 tax free, a move that could spur its use as a currency, according to a report by Forbes. It will set up a crypto advisory committee...
Recently, Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), shared her thoughts on cryptoassets in general and stablecoins and central bank digital currencies (CBDCs) in particular. The IMF, which was established on 27 December 1945, “works to achieve sustainable growth and prosperity for all of its 190...
Amidst all the turbulence surrounding stablecoins over the last one month, Tron’s USDD continues to make significant strides. Ever since it was launched exactly a month ago, the stablecoin reached some key milestones.
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