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Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services
12.6.2021
The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect to virtual currencies already exists,” the banking authority said....
The CBN Says Nigeria Will Have a Digital Currency Before End of Year
12.6.2021
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also...
Major Cryptocurrency Exchanges Explore Entering Indian Crypto Market
10.6.2021
Several major global cryptocurrency exchanges are reportedly exploring ways to enter the Indian crypto market. “The Indian market is huge and it is only starting to grow, if there was more policy certainty by now Indian consumers would have been spoilt for choice in terms of exchanges because...
NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General
9.6.2021
The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of...
Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration
9.6.2021
Tesla CEO Elon Musk said he “pretty much” agrees with Ethereum co-founder Vitalik Buterin about a collaboration between Dogecoin and Ethereum. Buterin said: “if we can have a secure Doge-to-Ethereum bridge. That would be amazing.” Vitalik Buterin Talks About Dogecoin...
Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%
9.6.2021
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,”...
IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions
8.6.2021
The U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear dictate from Congress on the authority for us to collect that information is critical,”...
Skybridge Capital Says Bitcoin Still Has More Upside Than Gold
8.6.2021
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment...
British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin
8.6.2021
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From...
21shares to Launch Bitcoin ETP for Institutional Investors in the UK
8.6.2021
Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security. New Bitcoin...
Asset Managers Could Violate Fiduciary Duty If They Don’t Consider Bitcoin, Says Finance Professor
8.6.2021
A professor of finance and business economics at the University of Southern California says that asset managers focusing on growth strategy could violate their fiduciary duty if they do not consider bitcoin in their portfolios. Asset Managers With Growth Focus Need to Consider Bitcoin Financial...
US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies
7.6.2021
Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator...
Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC
7.6.2021
Billionaire Stanley Druckenmiller has shared how he got into bitcoin and it involved famed hedge fund manager Paul Tudor Jones. When bitcoin was going up, Druckenmiller said, “I just couldn’t stand the fact that it was going up and I didn’t own it … I felt like...
G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year
6.6.2021
The G7 finance ministers and central bank governors have met and agreed to work towards common principles for state-backed digital currencies and publish their conclusions this year. They said these digital currencies “could act as both a liquid, safe settlement asset and as an anchor for...
Tony Hawk Purchased Bitcoin in 2012 After Reading About the Silk Road Marketplace
6.6.2021
Tony Hawk, the American professional skateboarder often referred to as ‘Birdman,’ discussed bitcoin at the Bitcoin 2021 conference in Miami and told the crowd he got into the crypto economy in 2012. Hawk said he heard about the crypto asset after reading about the Silk Road marketplace...
Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’
5.6.2021
The undefeated professional boxer Floyd ‘Money’ Mayweather recently spoke at the Bitcoin 2021 conference in Miami and was booed while speaking on stage. Mayweather’s speech wasn’t appreciated by members of the crowd because he didn’t discuss bitcoin much and toward...
PlanetWatch Announces the Listing of the PLANETS Token on Bitfinex Exchange
4.6.2021
PRESS RELEASE. Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex on June 4th. PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major...
Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship
4.6.2021
The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles”...
Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims
4.6.2021
The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.” However, before its release into circulation, the digital currency—which is also known as the “e-cedi”— will...
Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide
3.6.2021
Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,” he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With...