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Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
16.7.2021
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek...
South Korean Regulator Analyzing 578 Cryptocurrencies
14.7.2021
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....
Tiktok Bans Users From Promoting Cryptocurrencies
10.7.2021
Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content...
As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’
9.7.2021
The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.” Dogecoin developers are in the midst of preparing to update the Dogecoin...
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
5.7.2021
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time...
State of Crypto: Inside the NRCC’s Plan to Accept Crypto Donations
29.6.2021
The NRCC will soon accept crypto donations because Republican donors requested the payment method, the campaign committee's chair said
Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal
29.6.2021
A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” said...
FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation
26.6.2021
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of]...
'Big News In Global Crypto Policy' As FATF Kicks The Can Towards October
25.6.2021
Less than half of the countries who adhere to Financial Action Task Force (FATF) anti-money laundering and countering the financing of terrorism standards have implemented the body’s crypto sector policing protocols – but the body does not yet seem overly concerned and aims to look into this...
New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
21.6.2021
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices...
Russian Billionaire Slams Central Bank’s Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin
21.6.2021
Russian billionaire Oleg Deripaska wants the Bank of Russia, the country’s central bank, to embrace cryptocurrency, citing El Salvador’s bitcoin law as an example. El Salvador recently passed a bill making bitcoin legal tender in the country. Billionaire Oleg Deripaska is the founder...
Crypto Long & Short: The Market Says Bitcoin Is for Speculation, Not Dollarization
20.6.2021
Data from services on Bitcoin and Ethereum shows what's real in crypto adoption stories
Danske Bank Takes Position on Cryptocurrencies, Will Not Interfere With Crypto Trading
19.6.2021
Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Docker Changes Free-Tier Service Policy Due to Cryptocurrency Mining Abuse
15.6.2021
Docker, a popular cloud computing integration solution, is making changes to its free-tier service due to cryptocurrency mining abuse. The service discontinued its “autobuild” feature due to misuse by bad actors, using it to mine cryptocurrencies in their servers. This is a modus...
Billionaire Paul Tudor Jones Says ‘I Like Bitcoin’ — Will Go All in on Inflation Trades if Fed Says ‘Things Are Good’
15.6.2021
Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, “bitcoin has appealed to me because it’s a way for me to invest in certainty.” Jones also shared his investment strategies in response to...
South Africa to revise national policy position on cryptocurrency
14.6.2021
Strong retail interest in crypto has driven South African regulators to rethink how they classify cryptocurrencies
Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’
14.6.2021
The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies...
Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
14.6.2021
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. ECB’s Lagarde Comments on El Salvador Making Bitcoin...