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No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
14.2.2022
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian...
Switzerland’s Largest Bank UBS Expects US Crypto Legislation to Take Time
14.2.2022
Switzerland’s largest bank, UBS, expects the United States Congress to take a long time to pass cryptocurrency legislation despite mounting interest in crypto investments and regulators calling for Congress to weigh in on crypto legislation. Congress Could Take a Long Time on Crypto...
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments
13.2.2022
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than...
Wells Fargo: Cryptocurrency Has Entered ‘Hyper-Adoption Phase’
13.2.2022
Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies, such as the internet,”...
Bitcoin’s last security challenge: Simplicity
12.2.2022
Bitcoin’s “Mayflower Generation” has evolved into a revolutionary army. But, how has the threat landscape changed — and how can they keep their coins safe?
Crypto secures a place in the African American saga
11.2.2022
With its special qualities that can turn users into owners and owners into users, crypto aligns with historic Black aspirations
Living on a volcano: The outlook of El Salvador’s crypto mining industry
10.2.2022
El Salvador’s crypto mining potential is there but it will take some time and effort to come to fruition
Meet the top 5 busiest crypto funders of 2021, according to PwC
10.2.2022
The average deal size of crypto mergers and acquisitions reached $180 million in 2021, surging from $53 million in 2020, PwC said
Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 Billion
10.2.2022
A new report by one of the Big Four accounting firms, KPMG, reveals that investment in the crypto and blockchain space grew 5.5 times the previous year to more than a record $30 billion in 2021. KPMG called 2021 a “Blockbuster year for crypto and blockchain.” ‘Blockbuster Year...
Bitcoin dated futures with physical settlement go live on Eqonex
9.2.2022
Eqonex previously said it was engaged in discussions on the potential merger or takeover options in late 2021
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
4 key takeaways from KPMG Pulse of Fintech Report
8.2.2022
New Pulse of Fintech report by KPMG revealed that over $30 billion in investments flowed into the crypto and blockchain sectors in 2021
Alchemy joins Web3 decacorns club following $200M funding
8.2.2022
The Web3 development platform's valuation saw a massive jump of $6.7 billion in just three months since Oct. 2021
Singapore saw 13x jump in crypto investments in 2021: KPMG
8.2.2022
KPMG forecasts that Singapore's crypto investment will remain strong this year with increasing regulatory scrutiny
Global crypto adoption could 'soon hit a hyper-inflection point': Wells Fargo report
7.2.2022
The firm's global investment strategy team said it wasn't too early to invest in crypto, but clearing regulatory roadblocks would likely create "higher quality investment options" in the future
Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8
7.2.2022
At least 80% of the investment's net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining
Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021
7.2.2022
Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings.
This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year...
3 things the crypto sector must offer to truly mainstream with TradFi
5.2.2022
“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector
African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates
5.2.2022
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web...
Belarus Moves to Allow Investment Funds to Acquire Crypto Assets
5.2.2022
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments...