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Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless
27.5.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless.” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might...
Analyst says DeFi and stablecoins held up well as crypto markets imploded
27.5.2021
DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption
Ontario Securities Commission Snuffs out Crypto Exchanges, Poloniex Targeted for Flouting Compliance
26.5.2021
The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions. Poloniex meets the OSC’s jurisdiction because the trading platform operates trading...
PayPal users will be able to withdraw crypto to external wallets
26.5.2021
Prior to Wednesday’s decision, PayPal users weren’t allowed to move their holdings off the platform
TechX acquires crypto-to-fiat gateway Mobilum for $13.2M
26.5.2021
Under the terms of the agreement, TechX will acquire a 100% stake in the digital wallet and payments technology company
Analyst Expects Bitcoin to ‘Grind Down’ to $15K, With a ‘Periodic Dead Cat Bounce’ Along the Way
26.5.2021
An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst thinks crypto investors will witness a slow “grind down the slope...
Coinbase leads $6M funding for Indonesian crypto exchange
26.5.2021
Pintu is a new cryptocurrency exchange in Indonesia, licensed as a crypto broker under Bappebti and the Ministry of Communication and Informatics
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
Carl Icahn Studies Crypto, Apple Has A Job For A Crypto Expert + More News
26.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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"Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another might...
Apple seeks to hire 'alternative payments' manager with crypto experience
26.5.2021
"The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships," the job post reads
Crypto.com Launches Major Step With BRL Bank Transfers and Brazilian Portuguese
26.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
‘For the pursuit of financial freedom,’ General Manager of Latin America Filomena Ruffa has remarked on the ‘exceptional growth in digital banking and innovative financial solutions in Brazil. Indeed, with...
Developing Economies & Better Educated People Lead Crypto 'Space Race'
26.5.2021
People in so-called developing economies are more familiar with decentralized cryptocurrencies, such as bitcoin (BTC), while respondents with better education were more likely to use crypto, according to a new survey.
“Money is rapidly evolving. Only a few years ago there seemed to be very little...
US Regulators Urgently Working on Joint Cryptocurrency Regulation: Fed’s Quarles Says It’s ‘High Priority’
26.5.2021
U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull...
Museum of Crypto Art to launch MOCA token, plans acquisition spree
26.5.2021
The community-governed museum is toying with new economic models amid a period of uncertainty for art institutions
UK ad organization bans crypto exchange's ‘time to buy’ Bitcoin advert
26.5.2021
Luno exchange agreed not to post their Bitcoin ads in their current form again and promised to ensure that future ads would carry a proper risk warning
Canadian regulators accuse crypto exchange of breaking securities law
26.5.2021
Canada’s OSC continues to take action against allegedly non-compliant cryptocurrency trading platforms after announcing new compliance measures in March
Bitcoin mining banned in Iran until September
26.5.2021
Iran's government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months
Nebraska signs law to authorize state-chartered banks to custody crypto
26.5.2021
The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood
Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies
26.5.2021
Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria” just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto...
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
26.5.2021
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery