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…
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Mango Markets $100 Million Exploiter Reveals Identity
The exploiter of the DeFi loan portal Mango Markets in Solana has identified himself and described his behavior as “a highly profitable trading strategy.” According to Avraham Eisenberg, who describes himself as a “digital art dealer,” he was responsible for…
UK Electronic Bill Hints Use of Blockchain
On Oct 12, the United Kingdom’s House of Lords approved a bill that could potentially use blockchain technology to store trading documents. According to the government’s press release, the Electronic Trade Document Bill has the following goals: The Bill will…
Major Tech and Wall Street Institutions buys Bitcoin as the coin surges
There are now more institutions than ever before expressing interest to hold Bitcoin New trend of institutional investment will continue as there various instruments backed by Bitcoin emerge MicroStrategy holds 71,079 BTC in reserve, equivalent to over $3 Billion Institutional…
Harvard Professor: Bitcoin Will Only Work For Failed States
Bitcoin is getting hits from more than just regulators now. A Harvard crypto skeptic has added salt to the wounds inflicted on BTC by soon to be treasury chief Janet Yellen. Kenneth Rogolf, a public policy and economics professor at…
Bitcoin to fall back to $20,000 and Ethereum to soar up to $9,000
The market outlook for the two major cryptocurrencies did not seem favourable as the prices of both Bitcoin and Ethereum continues to drop. Today (21st January) BTC recorded a price drop of nearly 8% and ETH recorded a price drop…
Janet Yellen: Bitcoin Is An Enabler For Illegal Activity
Incoming US secretary of the treasury Janet Yellen may not be a big fan of cryptocurrencies at least according to her nomination hearing on Tuesday January 19. Yellen was asked cryptocurrencies as Joe Biden’s pick for the treasury hot seat…
Facebook Seeks to Make Renewed Crypto Push in 2021
Facebook’s Mark Zuckerberg is not throwing in the towel despite the difficulties he has faced over the last few months. Last year’s backlash to the Libra project which he was strongly associated with would be enough to stop most CEO’s…
METACO Head Has Clarified that Crypto Regulations are Now More Institutional Friendly.
However, future crypto rules remain unclear. Regulatory activity in cryptography has arisen at several stages this year. Government officials have made compliance transparent and executed and debated new actions. METACO’s Vice-President of Sales and Business Growth, Seamus Donoghue, believes that…
Ripple Gets JPMorgan Veteran and Regulatory Expert Sandie O’Connor
With strong expertise in banking, treasury, capital markets, and regulatory affairs, O’Connor has over 30 years of leadership experience. While “Ripple is reshaping the financial landscape solving inefficiencies with today’s payments infrastructure using digital assets and blockchain technology,” Sandie O’Connor,…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
