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…
Mt. Gox Creditors Get More Time to Register Repayment Preferences
Creditors of the now-defunct Mt. Gox cryptocurrency exchange will have additional time to decide how they would like to receive their repayments and to provide the necessary payee information. New March 10 Deadline Nobuaki Kobayashi, trustee of Mt. Gox, announced…
Crypto Twitter Is Bewildered By SBF’s $250M Bail and Return to Riches.
Crypto Twitter appears to be upset with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parents’ Palo Alto home without paying a single dime. The former FTX CEO arrived in New York from the…
BIS Permits Banks to Hold 2% of Their Reserves In Cryptocurrency.
A policy allowing banks to hold 2% of their reserves in cryptocurrencies was recently introduced by the BIS in its Prudential Treatment of Cryptoasset Exposure report for December 2022. Banks to Hold 1% Maximum The policy, which covers a number…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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 transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
