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Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands
3.8.2021
Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. This is likely the consequence of the regulatory crackdown that governments all over the world have exerted on Binance lately....
Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian
2.8.2021
Mohamed El-Erian, an adviser to Allianz and Gramercy Funds Management, says that “The time has come for more western governments to stop dismissing the crypto revolution as some mix of illicit payments schemes and reckless financial speculation.” Western Governments Urged to Stop...
Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
30.7.2021
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly...
France Proposes EU-Wide Cryptocurrency Regulation
15.7.2021
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. EU-Wide Crypto Regulation With ESMA as Main Supervisor France proposed...
Why Governments Are Cracking Down On Crypto Exchanges?
13.7.2021
2020 was a tremendously difficult year for countries around the world. While lockdowns forced a decline in economic growth, investors searching for inflation hedges resulted in asset prices taking off like a rocket. As money printing accelerated, crypto prices rocketed to the moon, up from lows...
California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla
12.7.2021
The U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran...
Triall: Bridging the Gap Between Medical Research and Blockchain Technology
30.6.2021
The COVID-19 pandemic has ravaged the global economy, leaving many industries re-evaluating the robustness of legacy models in times of crisis. Unsurprisingly, one of the most impacted industries has been the global healthcare industry, as governments raced to test for, treat and develop a vaccine...
Blockchain Surveillance Firm Chainalysis Raises $100 Million, Company’s Valuation Now $4.2 Billion
26.6.2021
The blockchain intelligence and surveillance firm Chainalysis announced the company has raised $100 million in Series E funding from investors such as Coatue, Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage, and SVB Capital. The financing brings the company’s valuation to $4.2 billion...
The CBDC promised land: As some governments falter, others press on
3.6.2021
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost
Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over Time
29.5.2021
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down...
Ray Dalio Buys Bitcoin Despite Saying Governments May Ban Cryptocurrencies
25.5.2021
Bridgewater Associates founder Ray Dalio has revealed that he owns bitcoin despite concerns he has long voiced about governments interfering and even outlawing cryptocurrencies. The boss of the world’s largest hedge fund said “bitcoin’s greatest risk is its success.”...
Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold
23.5.2021
Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World...
Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High
9.5.2021
On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen,...
Kazakhstan Is Preparing the Launch of a CBDC Pilot With Private Financial Companies
8.5.2021
Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. The National Bank Released a Public...
Quantum Fund Cofounder Jim Rogers Insists Governments Could Ban Cryptocurrencies
26.4.2021
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, is still worried about governments outlawing bitcoin and other cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them, because they don’t want...
The Problem With Painting Blockchain With a Crypto Brush
21.4.2021
Blockchain’s underlying decentralized ledger technology has many practical applications, yet, the value of the technology itself has in practice become secondary to token capitalization. Speculation in Coins and Tokens Routinely Overshadows Promising Developments and Initiatives As major...
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
20.4.2021
"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80-90% of the hashrate pretty quickly," said Curtis Spencer
SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be ‘Foolish’ to Try
14.4.2021
SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-traded fund (ETF) this year. Governments Would Be Foolish to Try to Ban Bitcoin...
Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’
9.4.2021
Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where...
Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It
7.4.2021
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset...