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IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability
15.1.2022
Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our...
Russia’s National Finance Association Calls for Legalization of Crypto Investments
13.1.2022
The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead...
Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns
13.1.2022
Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations...
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
13.1.2022
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income...
Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year
11.1.2022
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats...
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...
Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum
10.1.2022
According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined...
Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance
8.1.2022
Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed....
Report: Pakistan Likely to Earn Billions From Cryptocurrency
6.1.2022
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves...
Despite the Crypto Market Dip, Weekly Gains Show OSMO, ATOM, FTM, and a Slew of Other Assets Shined
6.1.2022
On January 5, digital currency markets shed a great deal of value as bitcoin dropped below the $44K handle during the late afternoon (EST) trading sessions on Wednesday. Nearly every coin has shed 24-hour value, but a slew of crypto assets have seen double-digit gains and have managed to stave...
Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC
6.1.2022
Bitcoin dominance has dropped to the lowest level in just over three and a half years since June 3, 2018, at 37%. Last year, at the end of March, bitcoin dominance hovered just above the 60% zone but since then, numerous digital asset market caps have swelled in value and gathered prominence in...
India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated
5.1.2022
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary...
Shiba Inu Project Reveals ‘Doggy DAO,’ Devs Say Phase 1 to Provide ‘Immediate Power to the SHIB Army’
1.1.2022
During the last half of 2021, decentralized autonomous organizations (DAO) have been popping out of the woodwork in mass numbers, airdropping tokens and creating governance systems for specific projects. Just before the end of the year on December 31, the developers behind the Shiba Inu crypto...
SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff
31.12.2021
The U.S. Securities and Exchange Commission (SEC) has added a number of advisers to Chairman Gary Gensler’s executive staff. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.” SEC Has...
2021’s Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year
30.12.2021
2021 has been a bullish year for crypto assets. While prices have risen a great deal, the top ten and top twenty rankings in terms of market capitalization have also changed significantly. A great number of coins have either been pushed down or have entered the crypto economy’s top positions...
Investment Adviser Warns It’s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities
30.12.2021
Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He also predicts that crypto will outperform equities in the foreseeable future. Investment Adviser Expects Crypto to Outperform Equities Jacob Walthour, CEO and co-founder of Blueprint...
As Bitcoin and Ethereum See Sharp Drops, 18 Crypto Assets Captured Double-Digit Gains Last Week
29.12.2021
While the crypto economy shed billions in value this week, 18 different digital assets have accrued double-digit gains during the last week. At the same time, the top two leading crypto assets by market capitalization, bitcoin and ethereum, have lost between 2.8% to 6.2% in value in seven days....
Study Shows Market Share of Altcoins Surged Threefold Since 2014
27.12.2021
This week, bitcoin’s market dominance among the market capitalization of all 12,046 crypto assets in existence has been hovering above 38%, while ethereum’s overall valuation commands 19% dominance. A report published on Monday shows that since 2014, the market share of altcoins...
Meme Token Economy Climbs 14% in 2 Weeks — DOGE, SHIB Command 83% Dominance
26.12.2021
Toward the end of this week, crypto-assets rebounded in value after meandering for two weeks and consolidating. While specific tokens like decentralized finance (defi) coins, metaverse tokens, and smart contract coins improved a great deal, the meme-token economy increased in value as well, as...
Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’
24.12.2021
Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list...