Adopting the Bitcoin standard? El Salvador writes itself into history books
El Salvador has become the first country to make Bitcoin legal tender, but what are the complexities and potential short-term effects? Go to Source Powered by WPeMatico
Month: June 2021
Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies The Thai Securities and Exchange … Read more
Is there a right way to regulate crypto? Yes, and this is how
Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation. Go to Source Powered by WPeMatico
India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case
India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into Chinese owned illegal online betting applications,” the ED detailed. ED’s FEMA Investigation of Wazirx … Read more
Kraken Weighs in on IPO After Coinbase’s Lackluster Direct Listing Performance
Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for going public next year. The company will be the second crypto exchange to go public in the US if things … Read more
Pronouncements from the G-7 allow green fintech to flourish
Sustainability and the need to lessen climate change amid the COVID-19 pandemic have become the global economic agenda. Go to Source Powered by WPeMatico
Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples
There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service. … Read more
Speedy Trial Success — Bitcoin Upgrade Taproot Set to Lock-in This Weekend
On Friday, June 11, 2021, data shows that Taproot could get locked-in this coming weekend, as the signal ratio is 98.3% and a touch more than 100 additional signaling blocks are needed to lock in the upcoming soft fork. Bitcoin Upgrade Taproot Inches Toward Lock-in, Success Means Activation in November Participants involved with the Bitcoin … Read more
The CBN Says Nigeria Will Have a Digital Currency Before End of Year
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also revealed that this “digital currency would … Read more
Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat
A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Go to Source Powered by WPeMatico
