Ethereum (ETH) co-founder Vitalik Buterin believes that crypto is a better asset to hold than gold, adding that it already has more adoption than a physical asset. Buterin made the comment in response to Zach Weinersmith’s remark that gold is…
UK Legislators Approve the Recognition Of Cryptos As Regulated Financial Instruments
On October 25, the British Parliament’s Chamber of Commons, which is the lower house, authorized the designation of crypto assets as regulated financial instruments. The proposed measure will include stablecoins in the current legal framework for assets with a payments-focused…
Dogecoin Rallies Ahead Of Musk Twitter Takeover
The popular meme coin Dogecoin [DOGE] experienced a large rally over the past 24 hours as the entire market corrected. The price of the Elon Musk-backed cryptocurrency has since risen on news that Elon Musk will finalize his takeover of…
Remittance Behemoth Western Union Plans to Enter the Crypto Market
According to trademark lawyer Mike Kondoudis, remittance behemoth Western Union, based in Denver, Colorado, has submitted many crypto-related trademark applications to the U.S. Patent and Trademark Office. Western Union May Launch Crypto Token According to the company’s trademark registrations, it…
ARK’s Cathie Wood Bought Bitcoin At $250 Years Ago, Currently Sitting On $7.6M Profit
Cathie Wood recently disclosed that she bought $100,000 worth of Bitcoin (BTC) when the price was approximately $250 years ago. The popular cryptocurrency’s quoted unit price indicates that Wood probably made the transaction in 2015. The CEO of ARK Investments…
South Africa Declares Digital Assets to Be Financial Products.
With the country’s financial authority designating digital assets as financial goods, South Africa has made a significant advancement in Bitcoin legislation. The Financial Advisory and Intermediary Services Act of the nation was revised to incorporate digital assets, according to a…
SBF: FTX Compensating Users Who Lost $6M to Phishing Attacks “just this once,”
3Commas an automated trading bot development platform, revealed on October 21 that three of its users’ keys had been exploited to make unlawful transactions on the accounts of its partner exchanges. Investigations showed that the affected users had been tricked…
Japan Credit Bureau to Test CBDC for Payment Settlement
Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC. CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…
Christiano Ronaldo’s Homeland Of Madeira Launches Bitcoin Trial
Madeira’s President Miguel Albuquerque was invited by Jan3 CEO Samson Mow to the platform at Bitcoin Miami 2022 to make the announcement that the Madeiran archipelago had accepted Bitcoin (BTC). Madeira Cannot Legally Adopt Bitcoin The president had announced that…
Fidelity Plans Major Push in the Digital Assets Sector With 100 New Hires
Fidelity Investments, a money management, is expanding its digital assets division by employing 100 new employees. indicating the company’s desire to expand its cryptocurrency operations during a weak market. The recruitment process was initially covered by Bloomberg. By the end…