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Estonia Revokes More Than 1,000 Crypto Firms’ Licenses This Year
15.12.2020
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that...
SEC Enforcement Director to Step Down by End of Year
10.12.2020
Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
10.12.2020
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for...
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
9.12.2020
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains...
Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government ‘There’s Information Collected’
7.12.2020
On December 5, the American author and retired politician, Ron Paul, joined the Stephan Livera Podcast episode 234 and discussed cryptocurrencies and bitcoin at great length. During the interview, the prominent libertarian said when bitcoin came out he was still in congress and he thought the most...
Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin
30.11.2020
Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third...
Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million
21.11.2020
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion....
Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin
11.11.2020
China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds...
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
6.11.2020
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen...
ErisX Unit Gets CFTC ‘OK’ to Clear Fully Collateralized Swaps
4.11.2020
The clearing arm of ErisX got approval to diversify beyond virtual currencies
After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit
28.10.2020
JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment...
Libra Hires HSBC Veteran Ian Jenkins as CFO, Risk Chief of Digital Payments Unit
15.10.2020
Ian Jenkins joins fellow HSBC alum James Emmet, now the stablecoin group's CEO
Nigeria Protest Group Asks for Bitcoin Donations After Regulators Blocks Bank Account
15.10.2020
A Nigerian protest group called Feminist Coalition is asking well-wishers to make donations via bitcoin after authorities reportedly blocked the organization’s bank account. Feminist Coalition is one of the many groups spearheading protests against alleged police brutality by a Nigerian...
Stone Ridge Calls Its $114M in Bitcoin ‘Primary Treasury Reserve Asset’; NYDIG Unit Raises $50M
13.10.2020
NYDIG raised the $50 million from FinTech Collective, Bessemer Ventures and Ribbit Capital
GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion
18.9.2020
California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination...
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report
28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...
Media controversy over RMIT blockchain unit's links to right-wing think-tank
28.8.2020
An Australian university blockchain hub has been linked to a right-wing think-tank, causing controversy among uni staff members
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
13.8.2020
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed...
New Kenyan Digital Tax to Affect Crypto Platforms
8.8.2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...