Brazil Plans CBDC Pilot for Second Half of 2022
Crypto Use Is More Rampant In Corrupt Countries, IMF Study Shows –
admin2022-04-10T06:13:39+00:00The International Monetary Fund has recommended for increased regulation of the cryptocurrency trade, citing the widespread use of digital assets in nations deemed corrupt or with severe financial restrictions. Cryptocurrency, among other things, enables citizens to undermine government power by evading trade restrictions set by the government. Additionally, it encourages illicit activity by assisting criminals in avoiding investigation. By eliminating middlemen, cryptocurrency has the ability to wreak havoc on the existing financial infrastructure and undermine it. Suggested Reading | Anti-Bitcoin ‘Shark Tank’ Investor...
Bitcoin, Ethereum Look Set to Retrace Before Rebounding
admin2022-04-09T13:47:19+00:00
Key Takeaways
Bitcoin has dropped by nearly 13% since Mar. 28. Likewise, Ethereum has incurred more than 12% in losses. Both tokens are now approaching key support areas that may contain the bleeding.Share this article
Bitcoin and Ethereum are struggling to find support, while traders in the futures markets are showing signs of optimism. Such market behavior could result in a brief upswing before another retrace.Bitcoin Prepares to Bounce
Bitcoin appears to be gaining momentum for a rebound after the steep correction it...
Bitcoin 2022, Industry Day. Recap, Videos, And Quick Comment On Most Panels –
admin2022-04-09T02:12:05+00:00As Bitcoinist starts to recap Bitcoin 2022’s content, it’s obvious that the focus on “crypto” was just a first-day thing. The Industry Day seems like a way to suck up to certain companies by giving them stage time, but without letting them interrupt the rest of the conference. And these first few presenters and guests weren’t as savvy or didn’t know in which cyber hornet’s nest they were in. In any case, interesting ideas were thrown around and there was...
South Korean Bank Opens First-Ever Corporate Crypto Account
admin2022-04-08T08:20:56+00:00South Korea’s Shinhan Bank has become the first local financial institution to issue cryptocurrency related accounts. The Bank released corporate won accounts to crypto exchange platform Korbit. Earlier, the Korea Federation of Banks (KFB) was looking for a license from the incoming pro-crypto administration for providing digital assets services.
Shinhan bank makes way for crypto-investment
As per reports, this is the first case recorded after the execution of Reporting and Use of Certain Financial Transaction Information act. Earlier, Corporations used to...
U.S. Treasury Secretary on ‘Digital Assets Policy, Innovation, and Regulation’
admin2022-04-07T17:26:24+00:00On Thursday (April 7), U.S. Treasury Secretary Dr. Janet Yellen gave a speech on “digital assets policy, innovation, and regulation” at American University’s Kogod School of Business Center for Innovation. Below are some key highlights from Yellen’s speech (based on the press release issued by the U.S. Department of the...
SEC’s Case Against A Spot Bitcoin ETF Has Weakened- Grayscale CEO
admin2022-04-07T07:31:26+00:00Grayscale CEO Michael Sonnenshein said the SEC’s argument against an exchange-traded fund (ETF) that directly tracks Bitcoin has “significantly weakened. He cited the regulator’s recent approval of a Bitcoin futures ETF as a key factor behind his reasoning. The U.S. Securities and Exchange Commission on Wednesday allowed fund managers NYSE Arca and Teucrium to issue an ETF tracking Bitcoin futures, the fourth such approval. Grayscale, VanEck, and Valkyrie are the other three operators of their own ETFs. But the regulator has...
Dogecoin Spikes as Elon Musk Takes 9.2% Stake in Twitter
admin2022-04-04T16:49:06+00:00
Key Takeaways
Elon Musk has bought a 9.2% stake in Twitter. Musk recently posted a poll asking whether his Twitter followers think the company supports free speech. Musk has become notorious for sharing crypto-related memes on Twitter.Share this article
Elon Musk has taken a 9.2% stake in Twitter. Dogecoin surged on the announcement but has since retraced.Elon Musk Buys Into Twitter
After becoming known as one of Twitter’s biggest pranksters, Elon Musk has bought a 9.2% stake in the social media platform.Bloomberg reported...
South Korean Government Opens Metaverse Themed Around The DMZ
admin2022-03-31T15:10:32+00:00A South Korean ministry dedicated to maintaining relations with its Northern neighbor said it had launched a new metaverse themed around the Demilitarized Zone (DMZ), the strip of land that divides North and South Korea. South Korea’s Ministry of Unification launched the platform- Seoul’s first government-backed foray into the metaverse- on Thursday, in a bid to make the DMZ more accessible to citizens. The establishment of the metaverse also aligns with South Korea’s previously stated goals of becoming a major player...
IMF Warns India Against Crypto Adoption
admin2022-03-31T08:24:03+00:00The International Monetary Fund (IMF) recently flagged several risks over allowing the use of cryptocurrencies as legal tender. The fund is currently helping India draft a comprehensive crypto policy. India is set to enforce a 30% capital gains tax on the space from April. But the country still lacks broader policies regulating the use of crypto assets. Indian financial officials are in talks with various entities, including the IMF and the World Bank, to draft policy on the space. Crypto use...