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Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency
16.1.2022
Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives...
Crypto Exchange Bitfinex Stops Servicing Ontario Customers, Asks Users to Withdraw Funds
16.1.2022
Cryptocurrency exchange Bitfinex has asked its Ontario users to withdraw their funds since they will no longer have access to any services offered by Bitfinex in March. Bitfinex Stops Providing Services to Ontario Customers Crypto exchange Bitfinex announced Friday that it is making changes to...
Vitalik Buterin Asks Twitter Followers Which Crypto They Prefer to Overtake Ethereum — Cardano, Tron Favorites
16.1.2022
Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including...
Russia Busts Revil Ransomware Group on US Request, Arrests 14 Members
15.1.2022
Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United...
2021: A year of mass adoption for cryptocurrencies in Brazil
15.1.2022
2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game
Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia
15.1.2022
Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory...
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...
First Cryptocurrency ATM Reportedly Installed in Uruguay
15.1.2022
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose...
North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds
15.1.2022
North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said...
JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year
15.1.2022
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be...
Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year
15.1.2022
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries...
Bitfinex advises Ontario-based users to close accounts before March 1
14.1.2022
The Ontario Securities Commission has been responsible for cracking down on crypto exchanges operating in the region, including Binance, OKEx, Bybit, KuCoin and Polo Digital Assets
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
14.1.2022
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals...
Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’
14.1.2022
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC)....
Read More: Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place...
Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments
14.1.2022
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking...
Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE
14.1.2022
Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin. Dogecoin Now Accepted for Select Tesla Merchandise Elon Musk’s...
Swiss National Bank Trials CBDC in Transactions With Five Banks
14.1.2022
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...
70% of US crypto holders started investing in 2021: Report
14.1.2022
46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000
Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition
14.1.2022
The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group...
Pakistan’s Central Bank Decides to Completely Ban Cryptocurrency: Report
14.1.2022
The State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose...