Huobi, a crypto exchange headquartered in Singapore, announced that it will join the BitTorrent Chain (BTTC) ecosystem and support the development of a Layer 2 network on BTTC. The collaboration will promote an on-chain open financial system. This partnership will…
Banning of Cryptocurrency should still be on the table – IMF
During recent G-20 summit, Kristalina Georgieva reinstate’s her stance about banning cryptocurrency if crypto becomes a high risk asset. In an interview with Bloomberg she further states that “Crypto is not real money and not backed by anything” . IMF Managing…
Texas legislature Proposes Tax-Free Shopping with Bitcoin
Texas Bill Proposes Tax-Free Shopping with Bitcoin, Aims to Turn State into Cryptocurrency Capital. Bill HB4474 A new bill before the Texas legislature is calling for a master plan for the expansion of the blockchain industry. The bill, known as…
Banks to keep more reserve if they deal with Crypto
The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…
Secure Your Crypto Assets with new Biometric Smart Card Technology
Vaultavo Inc. Addresses the Security Requirements of the Institutional Market with a Patent-Pending Crypto Custody Solution. Lasting Security Solutions Vaultavo Inc., a blockchain security solutions provider, has recently unveiled its patent-pending crypto custody solution aimed at meeting the security requirements…
Bitcoin Plummets below $22,000 with ECB and SEC Press Release
The European Central bank raised interest rates by 50 basis points which mean 0.50%, effective from February 8th as per confirmed in the ECB press release earlier this week. This week Bitcoin closed in red loosing 7% of its value…
UK Takes Steps to Strengthen Crypto Market with New Regulations
Overview The United Kingdom’s Government has recently announced ambitious plans to regulate the crypto-asset industry. This is in response to the growing concern about the risks associated with crypto assets and the need for greater consumer confidence and clarity in…
Bitcoin a Hyped-up Fraud and a Pet Rock – JPMorgan CEO
Bitcoin (BTC) has its share of haters. One of the most prominent is JPMorgan’s Chairman and Chief Executive Officer, Jamie Dimon. He has been a Bitcoin critic for years and even described the top cryptocurrency project as fool’s gold and…
Argentina Proposes New Tax Incentives for Declaring Crypto Holdings
The Argentine government is considering a proposal that would offer tax discounts to citizens who declare their cryptocurrency holdings. Boosting Tax Compliance The aim of this is likely to boost tax compliance and increase revenue for the government by ensuring…
Silvergate – Cryptocurrency-focused Bank is in a Pickle
Shares of Silvergate Capital, a crypto-focused bank, fell by 46% to $11.76 on Thursday after the company announced plans to lay off 40% of its staff, or approximately 200 employees. Silvergate has also halted its plans to launch a digital…