Russia Restricts Crypto Trading to Curb Capital Flight

Crypto investors in Russia will soon find it difficult to escape plummeting interest rates in savings accounts as the Central Bank of Russia works to prevent capital flight. As per a Dec 30 announcement, the Central Bank of Russia is…

Bitcoin ETF: What is It and How Does it Work?

The Bitcoin ETF (Exchange-Traded Funds) applications, rejections, and rumors of possible approval have been affecting price action in the past few weeks. While the SEC is yet to approve a Bitcoin ETF that follows its requirements and addresses crucial security…

Whale Action is Behind BTC’s Sudden Drop in Price?

On Dec. 8, at around 06:00 UTC, the world’s first cryptocurrency price dropped from $18,770 to about $18,031. After that, by press time, it retraced marginally to $18,200. Since the bellwether cryptocurrency hit an all-time peak of about $19,920, per…

Asset Manager: Get your Bitcoin or Get Fired!

Who would have ever thought that not having bitcoins could be career suicide? Poorly done portfolios, under qualification, poor craft; these are some of the few career suicides know. However, in an interview on CNBC, Coin Share chair and former…

FED Chair on CBDCs: America Wants to Get It Right not First!

According to FED Chairman Jerome Powell, the US will not unveil a digital dollar unless all the questions surrounding it are resolved. Responding to concerns that other countries were closing in on finalizing their digital currencies and unveiling them, Powell…

CEO of Social Capital Chamath provides his opinion after Paypal News on Crypto

On October 21st, Paypal announced a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility by making it available as a funding source for purchases at…

G20 Nations begin Laying the Groundwork for Crypto Payment

Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. According to Kyodo news, 19 countries from the G20 unit as well as the European Union have accepted that the digital currency wave…

India’s largest private port operator endorses the Blockchain by partnering with Tradelens

Adani ports and Special Economic Zone Limited (APSEZ), the largest multi-port operator in India has partnered with Blockchain based supply solution platform Tradelens to digitize supply chains. According to a local news outlet, Business line, APSEZ’s move to digitize supply…

Brazil’s Central Bank Introduces Almost Instant Payment System in Response to Crypto

A new almost instant payment system is coming to Brazil in response to cryptocurrency and Blockchain technology. The new system known as PIX, is a creation of the country’s Central Bank and is being promoted as a 24/7 system that…

China’s Top Bank says that a Government Backed Digital Currency is Close

The people’s bank of China has said that it is progressing smoothly with its development of a government backed digital currency. The bank issued this statement during a conference in Beijing that was held on Jan 2-3 according to an…