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Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
13.6.2021
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may...
BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s BTC Law ‘Interesting Experiment’
11.6.2021
An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. He calls El Salvador’s move to make the cryptocurrency legal tender...
JPMorgan on El Salvador's Bitcoin Move, Miners Win In New York + More News
11.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Adoption news
The question remains whether the designation of bitcoin (BTC) as legal tender by El Salvador has mechanical implications for...
IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
10.6.2021
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender
IMF Not Happy About El Salvador Bitcoin Move
10.6.2021
Source: iStock/Bumblee_Dee
Adoption of bitcoin (BTC) as legal tender raises "a number of macroeconomic, financial and legal issues that require very careful analysis," Reuters reported, citing a spokesman for the International Monetary Fund (IMF).
The fund is following "developments...
Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010
9.6.2021
Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010...
Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown
4.6.2021
The latest events in China have pushed crypto miners to reevaluate domestic risk as they may now look toward international expansion
QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases
3.6.2021
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal...
Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain
2.6.2021
Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China.
Per Kaktus Media, the number of mining...
Bitcoin and Ethereum Move Higher, XRP Returns Above USD 1
31.5.2021
Bitcoin price remained stable above the USD 34,000 support zone. As a result, BTC started a steady recovery above the USD 35,500 resistance. It even surpassed the USD 36,500 level and it is currently (12:20 PM UTC) showing signs of a possible move towards the USD 38,500 resistance.
Besides, most...
Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot
30.5.2021
Sveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners....
Chinese BTC miners equivalent to Quebec's output on the move: Slush Pool
28.5.2021
According to Edward Evenson, a Bitcoin miner from Slush Pool, Chinese BTC miners are on the move
Bitcoin and Ethereum Move Below Key Hurdles, HNT Rallies
28.5.2021
Bitcoin price failed on a couple of occasions to settle above the USD 40,000 resistance. BTC started a downside correction and it traded below USD 38,000 (05:00 UTC).
Similarly, most major altcoins are stuck in a range and are showing signs of weakness. ETH is facing an uphill task near the...
GameStop Makes Its NFT Move Official – and Will Likely Use Ethereum
26.5.2021
The Texas-based, stock exchange-listed gaming retailer GameStop (GME) has rolled out a website to promote a forthcoming non-fungible token (NFT) platform.
Per the website copy, the firm is “building an [NFT] team,” and added that it was now recruiting “engineers (Solidity, React and Python)...
Russian Lawmakers Move to Allow Crypto Payments Under Contracts
24.5.2021
Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract. State Duma to Amend...
Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
21.5.2021
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court....
South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them
19.5.2021
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move...
Quiet down, Elon: 5 crypto stories that didn't need Musk's Twitter antics to move markets
13.5.2021
Yeah, yeah, we get it: Elon loves attention. Here's a picture to keep him happy. Meanwhile, let's take a look a 5 crypto news stories this month that didn't require us to fawn over his influence
Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...
Centric (CNR/CNS) Announces Migration to Binance Smart Chain
11.5.2021
PRESS RELEASE. London, UK — Centric announced an upcoming fork to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR), will move to the BEP-20 token standard native to the Binance Smart Chain. Binance...