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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
8.11.2021
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back...
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...
Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked
6.11.2021
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as...
TCG World Partners With Stock Giants WSB to Expand Their Metaverse
6.11.2021
PRESS RELEASE. The world’s largest metaverse on blockchain and NFT platform TCG World announces partnership with a stock giant WallStreetBets. Since the start of the year, the WallStreetBets movement has been defying traditional finance with a legion of retail investors using decentralized...
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors
5.11.2021
Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors...
Indian Payments Giant Paytm Could Offer Bitcoin Services if Government Makes Crypto Legal, Says CFO
5.11.2021
Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer. If bitcoin “was ever to become fully legal in the country, then clearly there could be offerings we could...
Indiana’s Star Bank Launches Bitcoin Trading Services
4.11.2021
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star...
Survey finds lower paid workers are quitting jobs thanks to crypto profits
4.11.2021
Almost two thirds of respondents who quit their jobs after making life-changing gains from crypto had a total income of less than $50,000
ADALend Ignites the Defi Space
3.11.2021
ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO). ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to the internet, without the complicated...
Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm
3.11.2021
With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system...
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
3.11.2021
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority...
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
2.11.2021
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish...
Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch
2.11.2021
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which...
Education Ecosystem Is Set to Become the Biggest Crypto Channel for Developers on YouTube
2.11.2021
PRESS RELEASE. Education Ecosystem (LEDU), a leader in online project-based learning, is excited to announce that it is presently creating over 1000 video projects for CMC Top 100 blockchains to teach developers how to build new applications related to financial apps, decentralized markets, games...
Crypto founders top young Australian rich list
2.11.2021
Seven of Australia's 87 richest entrepreneurs aged 40 and under are crypto founders, according to the Australian Financial Review
Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change
1.11.2021
As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products...
Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms
31.10.2021
The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access...
Russia’s Constitutional Court Expects to Face Crypto-Related Cases
30.10.2021
The Constitutional Court of the Russian Federation is going to have to deal more and more often with cases involving new kinds of individual rights, its head has recently admitted. Some of them will be related to cryptocurrencies and blockchain technology, the official believes. Constitutional...
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
28.10.2021
The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in...
Tether Trials Solution to Comply With FATF Travel Rule
27.10.2021
Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID and travel...