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Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
8.12.2021
"We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand," said Representative Patrick McHenry
India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report
8.12.2021
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform...
Central Banks Test CBDC as 'Multiple Assets and Currencies' Coming For Them
8.12.2021
Competing systems for settlement of “multiple assets and currencies” may emerge, and it is the job of central banks to ensure the maintenance of “equitable access” to central bank-issued money, a new report from the Bank for International Settlements (BIS) has said....
Read More: Central Banks...
MoonPay Is Launching NEAR Fiat on a Global Scale
8.12.2021
MoonPay, a Swiss-based cryptocurrency payment infrastructural firm used by over five million people, recently announced that clients in 150 countries would indeed be eligible to purchase $NEAR instantly through its website. While MoonPay customers in Europe and abroad can currently purchase $NEAR...
Public Testnet AGIX ERC20 Converter Bridge Is Now Live
8.12.2021
SingularityNET recently released the AGIX ERC20 Converter Bridge’s public testnet. The testnet will help users find better cross-chain features via test tokens from the AGIX Testnet Faucet. The process does not charge any gas fees or real AGIX tokens while gathering user feedback to be incorporated...
Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Crypto is a ‘Fantastic Hedge’ Against Bubble in Bonds - Pantera’s CEO
8.12.2021
Investing in crypto is a “fantastic hedge” against a bond market that will get destroyed once the US Federal Reserve stops its asset purchases, Dan Morehead, CEO of the crypto investment firm Pantera Capital, wrote in a recently published note.
According to Morehead, the Fed’s actions since...
Binance Singapore arm acquires 18% stake in private stock exchange
8.12.2021
Binance's most recent acquisition is still subject to some regulatory requirements
House memo details Congress' priorities ahead of crypto CEO hearing
8.12.2021
The hearing on digital assets will involve discussions around four key aspects: crypto exchanges, stablecoin offerings, regulatory concerns in digital assets and federal regulatory responses
CIA Running a ‘Number of’ Active Crypto Projects, Director Claims
8.12.2021
The Central Intelligence Agency (CIA) Director William Burns has admitted that his agency has “a number of different projects focused on cryptocurrency” in progress – and claimed that his predecessor Gina Haspel had “started” the CIA ball rolling in the crypto sphere. What is more, the agency...
Visa Doubles Down on Its Crypto Bet, Launches Crypto Consulting Service
8.12.2021
Multinational financial services giant Visa is pushing deeper into the booming crypto market, launching crypto advisory services to help clients understand various segments of the crypto industry.
In an announcement, the payment network acknowledged that "digital currencies are taking greater...
Fundstrat’s Chief Strategist Predicts Bitcoin Still Has ‘Exponential Growth Ahead’
8.12.2021
Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still...
Travala Now Accepts Shiba Inu Crypto — SHIB Can Be Used to Book 3 Million Travel Products Worldwide
8.12.2021
Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages. Travala Adds Support for Shiba Inu Crypto Travel website Travala...
Billionaire Barry Sternlicht Discusses Bitcoin Price Rising to $1 Million — Calls BTC a ‘Smart’ Hedge
8.12.2021
The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money. Billionaire Barry...
South Korea’s Potential Next President Calls Crypto ‘A Means of Trading & Investment’
7.12.2021
South Korea’s newly crypto-keen presidential candidate Lee Jae-myung has doubled down on his admiration for crypto: Fresh from telling the public that he was thinking of creating and issuing a national cryptoasset, the ruling Democratic Party presidential nominee has heaped more praise on crypto...
Fidelity and Nexo are entering institutional lending market
7.12.2021
The collaboration aims to give institutions access to digital assets with new innovative product designed specifically for their needs
Aussie Crypto Exchange Sinks Amid Complaints, Missing Fund Allegations
7.12.2021
Australian crypto exchange myCryptoWallet has tanked following a wave of complaints by users and allegations of missing funds, potentially leaving behind countless customers deprived of access to their crypto assets.
Insolvency firm SV Partners has been appointed the liquidator of the troubled...
BitTorrent Chain Mainnet to Go Live Soon
7.12.2021
BitTorrent recently released an official post to announce the launch of BitTorrent Chain mainnet. The digital asset venture is also set to redominate plans for BTT after the mainnet launch. BTTC or BitTorrent Chain is the world’s first cross-chain protocol with heterogeneous interoperability...
Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...
Exscudo Experts on the Crypto Payment Evolution: What Do Customers Really Want?
7.12.2021
Seamless crypto-fiat interoperability is the next frontier for wallets and payment gateways. This point is illustrated by the success of projects like Exscudo: reviews of its FinTap wallet show that in-app fiat-crypto conversions at locked exchange rates are very popular with end-users. This...