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Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets
17.10.2021
On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces...
President of Mexico Denies Having Interest in Adopting Bitcoin as Legal Tender
17.10.2021
The President of Mexico, Andres Manuel Lopez Obrador, denied having any interest in adopting cryptocurrencies as legal tender in the country. The statements, offered in a press conference in the National Palace this week, also confirmed that the Mexican government will keep dealing with...
JMP Securities Sees Crypto Entering the Mainstream, Says Adoption Has Hit Escape Velocity
17.10.2021
Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that...
Mark Cuban Won’t Invest in Bitcoin ETF, Prefers to Buy BTC Directly
17.10.2021
The owner of the NBA team Dallas Mavericks, Mark Cuban, has said “no” to investing in bitcoin-based exchange-traded funds (ETFs), one of which could start trading next week in the U.S. The Shark Tank star does not see a reason for him to invest in a bitcoin ETF, emphasizing that...
Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’
16.10.2021
Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks...
Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
16.10.2021
Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined
Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister
16.10.2021
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies....
Survey: 14% of Americans Want Crypto Rewards for Using Their Credit Cards
16.10.2021
During the last few years, prepaid cards that offer cryptocurrency rewards have grown popular and a number of digital asset payment cards offer these types of rewards. This means instead of accruing frequent flyer miles or points, consumers get rewarded in crypto assets every time they make...
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
16.10.2021
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property...
South African Regulator ‘Welcomes’ Binance’s Decision to Terminate Certain Services in the Country
16.10.2021
A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held...
Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations
16.10.2021
Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch....
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
16.10.2021
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian...
Better call SOL: Month-long consolidation puts Solana price en route to $275
15.10.2021
SOL has been forming a Bull Pennant following its 14,200% year-to-date price rally
MyDappWallet Launches the First FIAT/crypto and crypto/FIAT Wallet with on-and-off-ramp Seamless Payments
15.10.2021
MyDappWallet users will have access to 1-click FIAT payment by bank transfer/credit card for crypto services. MyDappWallet supports businesses such as DAPPs, DeFis, and NFTs with seamless automatic exchange of FIAT to crypto via background processes. Service provided by MyDappWallet supports...
Hyperithm to Launch Digital Asset Fund for Rich Clients
15.10.2021
A Tokyo-based startup named Hyperithm Co Limited is planning to launch a digital asset fund for its wealthy clients. The Coinbase-backed firm was established in 2018 with the intention to expand its clients’ cryptocurrency investments. Lloyd Lee, the CEO of Hyperithm, has expanded his clients’...
Payments Giant Visa Launches NFT Program to Support Digital Artists
15.10.2021
Visa, one of the leading credit and payments companies, has announced the creation of a program that will allow artists to understand how they can use new technologies like NFTs. According to Visa, NFTs have the potential of evening out the field for artists, allowing them to close the gap between...
ANZ bank settles debanking case with Aussie Bitcoin trader
15.10.2021
Allan Flynn won a settlement with ANZ for debanking him and is headed to the tribunal to take on Westpac next week
Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away
15.10.2021
The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle...
Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’
15.10.2021
The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount...
Coinbase unveils its Digital Asset Policy Proposal to spark conversation around comprehensive crypto regulation
14.10.2021
One of the crypto industry's major players seeks to boost the public debate on how to best fit digital assets into the regulatory perimeter