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Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank
23.3.2022
The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future.
RBC reported that the Russian...
Crypto Banned as a Payment Method in Thailand, Trading Intact
23.3.2022
Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy.
According to a notice published on the website of Thailand’s Securities and Exchange Commission (SEC)...
Goldman Sachs Executed Cash-Settled Bitcoin Options Trade - Reports
21.3.2022
Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports.
The bank traded a non-deliverable bitcoin (BTC) option – a derivative tied to the BTC price that pays out...
Russia Has 'All the Needed Resources' to Create Its Own Crypto Infrastructure, an MP Claims
15.3.2022
Crypto adoption appears to be on the rise in Russia – where lawmakers have suggested the idea of fostering domestic crypto exchanges as an alternative to using international platforms.
Per the Russian Parliamentary Gazette, Aleksander Yakubovsky, an MP and part of the crypto working group that...
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
10.3.2022
PAX Gold did most of the weightlifting in pushing the gold token market cap above the $1 billion-milestone, outperforming Tether Gold
US Treasury Issued Then Deleted Announcement Saying New Crypto Regulatory Measures Are Incoming
9.3.2022
Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with...
Bitcoin Is Helping Both Sides in Ukraine War, But It Won’t Wreck Russian Sanctions
6.3.2022
Gavin Brown, Associate Professor in Financial Technology, the University of Liverpool._____
War is expensive. The United States spent about USD 1.1tn on the 2003 Iraq war in today’s money, while the Falklands war cost the UK the equivalent of about GBP 2.6bn (USD 3.4bn). ...
Read More: Bitcoin...
Billionaire Bill Miller Shares Current Crypto Outlook: ‘It’s Very Bullish for Bitcoin’
4.3.2022
Veteran investor and fund manager Bill Miller explains why he thinks that it is currently “very bullish for bitcoin.” Miller noted that Russia has almost 50% of its reserves in currencies that are controlled by people who want to do them harm. Bill Miller’s Crypto Outlook:...
Here's What the Cryptoverse Has to Say About Russian Invasion of Ukraine
24.2.2022
Many in the cryptoverse have taken it to social platforms to condemn the Russian invasion of Ukraine -- with people highlighting that this will put the lives of millions of civilians at stake, adding that it is essential now to "have some perspective" and not only worry about...
With War Starting and Markets Dropping, Questions Multiply About Central Banks’ Policies
24.2.2022
As bitcoin (BTC) and crypto markets in general have gone down over the past day and week, amid the escalating tension between Russia and Ukraine, sanctions imposed on the former, and today’s invasion of the latter – more questions keep popping up about the EU and the US central banks’ upcoming...
Ukraine Outranks Russia in Crypto Adoption Index as War Starts
24.2.2022
As Russia's president Vladimir Putin ordered a full-scale invasion of Ukraine, and Bitcoin (BTC) might play a role on both sides of the conflict, Ukraine is seemingly better prepared to embrace the nascent monetary technology.
As a reminder, in October 2021, crypto analysis firm Chainalysis,...
Inflation Is 'Huge Danger' as the US Government 'Overdid It a Little' - Charlie Munger
17.2.2022
While Berkshire Hathaway’s Vice Chairman Charlie Munger continues to voice his usual criticism of crypto, he also warns that inflation "is a very serious subject, you could argue it is the way democracies die" and "a huge danger."
He was speaking during an interview with Yahoo Finance....
Canadian Trucker Protesters Eye Bitcoin Amid Court-Ordered Fund Freeze
11.2.2022
The government of Canada’s Ontario has obtained an order from the province's Superior Court of Justice that allows freezing some USD 9.4m in funds collected through crowdfunding platform GiveSendGo for the 'trucker protest' -- encouraging calls by some of the protest’s supporters to develop...
Crypto Market Braces for Volatile Week Ahead of Fed’s ‘Emergency Meeting’
11.2.2022
The US Federal Reserve (Fed) is set to hold an unscheduled meeting on Monday to discuss interest rates, described by some as an “emergency meeting” and others as a fairly “regular occurrence.” Regardless, the Fed’s unexpected notice has sparked debate in the crypto community over whether...
Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat
2.2.2022
Lebanon allegedly plans to forcibly convert foreign currency holdings to its floundering pound (LBP), once again building a case for Bitcoin (BTC).
Earlier this week, Reuters reported that it had seen a government “blueprint” plan designed to fight the ongoing financial crisis. The plan,...
2021 Was ‘Busiest Year by Far’ for Bitcoin IRAs, Interest in Ethereum & Altcoins Grows
29.1.2022
With crypto gaining prominence as a mainstream investment vehicle, retirement savings in the form of IRA accounts holding digital assets is on the rise in the US. And according to industry insiders Cryptonews.com spoke with, companies offering crypto IRAs had their best year ever in 2021...
Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans
28.1.2022
Goldman Sachs has warned crypto buyers that increased token adoption will no longer drive up prices, and that macroeconomic factors are now exerting a greater influence on the markets. And the firm appears to have tempered its interest in launching a stablecoin.
The crypto price warning came...
Here’s How the Ukraine Crisis Might Impact Bitcoin and the Crypto Market
27.1.2022
A crisis is brewing. As we type these words, Russia is conducting military exercises along its border with Ukraine, while the United States has put some 8,500 of its own troops on alert, just in case an eastern European war erupts. ...
Read More: Here’s How the Ukraine Crisis Might Impact...
Bitcoin, Ethereum, Stocks Rise as Sense of Relief Spreads Ahead of Fed Statement
26.1.2022
The two largest cryptoassets bitcoin (BTC) and ethereum (ETH) rose in the market today, as a sense of relief sent nearly all risk assets higher ahead of the US Federal Reserve’s FOMC statement later today.
At 17:34 UTC, BTC was up almost 3% for the past 24 hours to a price of USD 38,268, while...
Bitcoin & Crypto Miners Must Take Note as Davos Chiefs Say ‘Nobody Can Hide’ from ESG Standards
20.1.2022
Senior figures at the World Economic Forum (WEF) in Davos have agreed that Environmental, Social and Governance (ESG) standards are coming – and will soon apply to all industries. And furthermore, they suggested, even those who do not want a part of the ESG drive will eventually be left with...