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NYDFS taps former DOJ attorney as deputy virtual currency chief
17.5.2021
The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years
Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
17.5.2021
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment,...
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
16.5.2021
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto...
Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements
16.5.2021
Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more...
Bridgewater Associates’ Ray Dalio Warns Crypto’s Success Could Bring Tough Regulation
16.5.2021
Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to have an alternative...
UK will likely need to issue a digital currency, says BoE deputy governor
14.5.2021
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
13.5.2021
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC
Student Coin (STC) Token Is Now Listed on Bitcoin.com Exchange
13.5.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of STC, being available to trade on the 13th May 2021 at 10:00AM UTC. STC was created by the Student Coin team, as the reference currency for all tokens created on its terminal. STC will start trading with USDT, BTC and...
Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions
13.5.2021
Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the...
Stan Druckenmiller: US Will Likely Lose Reserve Currency Status in 15 Years, Hard to Unseat Bitcoin as Store of Value
13.5.2021
Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central...
Diem parters with Silvergate bank to launch stablecoin in the US
13.5.2021
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate
Bank of Israel Drafts Model of a Digital Shekel
13.5.2021
The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at...
Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund
13.5.2021
On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19...
Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022
12.5.2021
Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.”...
Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report
11.5.2021
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg...
Israel's central bank floats possible digital shekel with new action plan
11.5.2021
The bank has been exploring the introduction of a CBDC since 2017
Elon Musk Hints at Tesla Accepting Dogecoin for Payments
11.5.2021
Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part...
Shiba Inu Gets Listed in Binance and FTX After Price Skyrockets
10.5.2021
Shiba Inu, an Ethereum based Dogecoin ripoff, has been listed in two important cryptocurrency exchanges today, Binance and FTX, after the price skyrocketed more than 1500% during last week. Binance has faced stiff criticism for listing Shiba Inu due to its origin, but their systems are...
Alipay set to allow users test China's digital yuan
10.5.2021
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app