Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse. Go to Source Powered by WPeMatico
Cryptocurrencies
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Central Bank of Armenia Urged to Regulate Cryptocurrencies
Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of cryptocurrencies for illicit purposes. Bankers and Tax Officials in Armenia Call for Crypto … Read more
401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release
The retirement plan fiduciary says warning about investigation of 401(k) plans that include cryptocurrency constitutes encroachment on private rights. Go to Source Powered by WPeMatico
Ethereum’s Merge FOMO isn’t priced in, making a spike to $2.6K a possibility
Ethereum’s price action hangs around major swing lows despite the all-important Merge network upgrade. Analysis suggests ETH is discounted below $2,000. Go to Source Powered by WPeMatico
3 key indicators traders use to determine when altcoin season begins
Clever traders frequently use these three indicators to pinpoint when an altcoin season could begin. Go to Source Powered by WPeMatico
Major crypto firms reportedly cut up to 10% of staff amid bear market
Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018. Go to Source Powered by WPeMatico
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank … Read more
Investors’ perception of crypto is changing for the better: Economist survey
Investors see cryptocurrencies as increasingly useful as the portfolio diversifies, according to an Economist report on consumer trust in digital currencies. Go to Source Powered by WPeMatico
Here are 3 altcoins that could surge once Bitcoin flips $35K to support
ADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support. Go to Source Powered by WPeMatico
NY Fed president urges colleagues to prepare for coming digital payment transformation
Technology is changing fast, but the role of the central bank stays the same, Williams tells an audience of officials, scholars and financial industry leaders. Go to Source Powered by WPeMatico