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Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...
Gold, Bitcoin or DeFi: How can investors hedge against inflation?
4.12.2021
Over the last 10 years, Bitcoin has been through 20 different bear markets. Is it finally starting to prove itself?
Ethereum 'about to go parabolic' against Bitcoin as analysts weigh BTC bear case
3.12.2021
ETH/BTC stays near its highest since 2018, but that's nothing compared to its next move, one trader believes
$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action
1.12.2021
While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT collection called “Art Wars” because...
Blockchain-Based Identity Systems Are Our Only Chance Against Online Fraud
1.12.2021
The entire social media landscape has sprung up around the idea that we just love to engage with people online. On Facebook, Twitter, Instagram, or TikTok, we form groups and communities based on mutual likes or dislikes and find ourselves chatting to complete strangers, sometimes on the other side...
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
29.11.2021
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would...
Kevin O’Leary on SEC v Ripple Lawsuit Over XRP: ‘I Have Zero Interest in Investing in Litigation Against SEC’
28.11.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). “That is a very bad idea,” he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized:...
Japan’s Finance Ministry to Take Action Against Mizuho
25.11.2021
The Japanese finance ministry has decided to take punitive actions against the Mizuho Financial Group. According to the Ministry, the banking arm of the finance company has failed to maintain compliance with Japan’s foreign exchange rules and regulations. According to Nikkei Business Daily reports...
Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets
24.11.2021
The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims...
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
23.11.2021
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano...
Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid
22.11.2021
Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already...
Microstrategy CEO Discusses Bitcoin Becoming $100 Trillion Asset Class — Says BTC Will Grow 100X
21.11.2021
The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. “I’m not at all troubled with the regulations...
Alabama Securities Regulator Shuts Down 97 Fraudulent Cryptocurrency Trading Websites
20.11.2021
The securities regulator of the U.S. state of Alabama has issued a cease and desist order against Acoin Trading and 96 other cryptocurrency websites. The crypto investment schemes promise “excessive returns,” report “fictitious account values,” and impose...
Former Bungie Composer Tells Fans To 'Destroy' Destiny Music He Published Against Court Orders
20.11.2021
Marty O’Donnell, the former audio director at Bungie who worked on Halo and Destiny for years, was forced by a court to upload a video yesterday asking folks to stop sharing and publishing video game music he uploaded online without legal permission and against court orders. In the short video,...
Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
20.11.2021
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital...
Floki Inu Cryptocurrency Ads Under Investigation in UK
20.11.2021
The U.K.’s advertising authority has launched an investigation into advertisements for the cryptocurrency floki inu (FLOKI). The ads, titled “Missed Doge? Get Floki,” have appeared on London buses and the underground. The team behind the floki inu ad campaign says...
Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’
18.11.2021
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Claims In his latest...
Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
18.11.2021
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks...
Bitcoin Below USD 60K, Ethereum and Major Altcoins Drop Against BTC
17.11.2021
Bitcoin price continued its decline below the USD 62,000 support and broke the USD 60,000 support to enter a bearish zone. It is currently (04:20 UTC) showing bearish signs.
Besides, most major altcoins are also showing bearish signs and dropping against BTC. BTC is down by almost 3% in a...
Blizzard's First Woman Co-Head Resigned Due To Being 'Tokenized, Marginalized, And Discriminated Against'
16.11.2021
Amongst the latest wave of troubling revelations to come out of Activision Blizzard, the Wall Street Journal reports that former exec Jennifer Oneal’s incredibly brief stint as co-head of Blizzard ended due to her being “tokenized, marginalized, and discriminated against.”Read more