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Bulgarian Stock Exchange Launches 8 Crypto ETNs
20.2.2022
Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products....
New York Stock Exchange Files Trademark for Offering Trading Services in the Metaverse
16.2.2022
The New York Stock Exchange (NYSE) has registered a trademark application to offer digital currency and NFT trading services in the metaverse. The application, filed on February 10th, constitutes the first foray of the company into the concept of the metaverse. The organization might be competing...
BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low
14.2.2022
While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million...
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
14.2.2022
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian...
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain
14.2.2022
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions...
IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies
14.2.2022
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety...
Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says
11.2.2022
University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining...
Crypto Lobbying in the US Jumped 116% in 12 Months With $9.56 Million Spent in 2021
8.2.2022
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged...
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
6.2.2022
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it...
Belarus Moves to Allow Investment Funds to Acquire Crypto Assets
5.2.2022
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
4.2.2022
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9%...
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal
30.1.2022
Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy....
78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets
27.1.2022
The crypto economy has shed enormous value over the last three months and the leading crypto asset bitcoin is down more than 46% since it’s all-time high (ATH) at $69,044 per unit. The same can be said for a great number of digital currencies as the so-called crypto bear market has lasted...
Myanmar Military Government Proposes to Jail Digital Currency and VPN Users
25.1.2022
Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s...
Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion
21.1.2022
On Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions, bitcoin plunged to a low of $38,250 per coin. Furthermore, the market capitalization of the entire...
Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs
11.1.2022
Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous...
Iran Reportedly Set to Allow Digital Currencies Usage for International Payments
11.1.2022
Iran is reportedly set to finalize a scheme that would allow merchants to use digital currencies in international trades.
According to a local media outlet, Alireza Peyman Pak, head of the Trade Promotion Organization of Iran, said that the country's Central Bank reached an agreement with...
Yellow Card Announces It’s Resuming Deposits and Withdrawals via the Naira
11.1.2022
Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria via a statement from the cryptocurrency exchange platform. The move by the company comes almost a year after a central bank directive forced Yellow Card to suspend deposits and withdrawals. CBN’s Growing...
‘Making a Stronger Impact Artistically’ — An In-Depth Discussion About NFTs With System of a Down’s Serj Tankian
9.1.2022
Last month, the lead vocalist of System of a Down, Serj Tankian, hosted an art exhibition with the non-fungible token (NFT) platform and marketplace Curio NFT. The physical and virtual-melded art show was called “Not for Touching” and this week Tankian told Bitcoin.com News that...