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South Africa Proposes 30 Rules to Regulate Cryptocurrency


South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...

Crypto Marketplace Purse.io to Dissolve Operations After 6 Years


On April 17, the crypto firm Purse.io announced the company is planning to dissolve after six years of operation. The marketplace provided incentives for people who wanted the lowest price points by leveraging cryptocurrency solutions. New signups on Purse have been disabled and the company’s...

Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis


Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors....

Bitcoin-Gold Correlation Is Weak; BTC-S&P 500 Correlation Might Drop


Source: Adobe/sergey_p While the correlation between bitcoin (BTC) and gold could be "slightly" increasing but still remaining weak overall, that between BTC and the S&P 500 stock market index is unlikely to remain high in the long run, says crypto market analysis firm Coin...

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