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ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi
6.10.2021
DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak...
Nigeria CBDC Countdown: Central Bank Delays E-Naira Rollout
2.10.2021
A spokesperson for the Central Bank of Nigeria (CBN), Osita Nwanisobi, has said the launch of the much-hyped e-naira central bank digital currency (CBDC) has now been postponed to a later date. Nwanisobi’s announcement came less than 24 hours before the CBN was scheduled to launch...
More Crypto Regulation May Be on its Way in South Korea, Japan
29.9.2021
strengthen the monitoring of crypto exchanges” to ensure that they return customer deposits in a timely manner and follow other regulatory protocols.Koh was speaking to reporters after meeting with the heads of eight policy and financial institutions at Seoul, where he discussed crypto a
Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform
29.9.2021
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied...
62% of institutions to start investing in crypto within a year: Survey
28.9.2021
Institutional investors expect to start buying crypto to increase their revenues over the long term
Skybridge Capital’s Scaramucci on Crypto Boom: ‘The Institutions Are Not There’
28.9.2021
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested...
JPMorgan Boss Jamie Dimon: ‘If You Borrow Money to Buy Bitcoin, You’re a Fool’
28.9.2021
Jamie Dimon, the CEO of one of the biggest financial institutions of the world, JPMorgan, has once again let the world know about his stance on bitcoin and cryptocurrencies. Dimon stated that whoever borrowed money to purchase bitcoin was, in his opinion, a “fool.” However,...
Dominated by Institutions, Bitcoin Mining is also Possible from Home
26.9.2021
://cryptonews.com/coins/bitcoin/">bitcoin (BTC) hit its all-time high of around USD 65,000, BTC miners generated almost USD 3bn in revenue, resulting from sales of the coins they had obtained via either block rewards or transaction fees.Such figures would lead most people to assume that B
China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’
24.9.2021
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it...
Institutions Turning from Bitcoin to Ethereum Futures, JPMorgan Claims
24.9.2021
erest, as expectations for the number one cryptocurrency – BTC – have softened, Insider reported.As evi
High Yields Draw Institutions to DeFi, But Hurdles Remain
22.9.2021
ustry agreed that although a lot of hurdles remain for institutions to embrace DeFi, the potential for yield is drawing interest.According to Andrew Keys, Managing Partner of the crypto-focused investment firm DARMA Capital, it is the fact that investors can earn yields on, for instance, thei
IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600
16.9.2021
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across...
China Goes After Camouflaged Crypto Miners Ahead of Winter Season
16.9.2021
y forces are now targeting those miners who claimed to be data researchers and storage facilities. Illegal mining activity has been discovered in colleges, research institutions, and data centers in several provinces. While some miners left the country since the beginning of the crackdow
Coinbase’s Junk Bonds Success an ‘Endorsement’ by Institutions
15.9.2021
SD 2bn of debt for sale, Bloomberg reported, citing one unnamed source “with knowledge on the matter.
Institutional Crypto Flows, El Salvador's Tax-Free BTC Profit + More News
13.9.2021
now risen 143% since their lows in early July to USD 3.8bn. This rise in volumes and inflows indicates investors are now beginning to be more active following the seasonal summer doldrums, per CoinShares.MTD - month-to-date; YTD - year-to-date; AUM - assets under management. Source: CoinSharesSinga
Russian Central Bank Tells Domestic Banks to Block Crypto Exchange Transactions
13.9.2021
gal business activities” such as “cryptocurrency exchanges,” which it clumped together in the same group as “online casinos and lotteries,” “financial pyramid schemes” and forex dealers.The central bank said it wanted domestic financial institutions to “block transactions” and “completely sto
Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency Scams
6.9.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national...
IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks
2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....
Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance
1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...
Institutions remain bullish on Cardano and Ether while BTC outflows persist
31.8.2021
Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens