Dogecoin is better than Bitcoin for payments, Elon Musk declares
Elon Musk continued promoting DOGE in a Time Magazine interview after being named Time’s 2021 Person of the Year. Go to Source Powered by WPeMatico
Cryptocurrencies
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Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance on cryptocurrencies, a minister in the Nigerian … Read more
Law Decoded: A different Congress hearing, Dec. 6–13
Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn. Go to Source Powered by WPeMatico
Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K
BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000. Go to Source Powered by WPeMatico
SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce
“The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest,” said two SEC commissioners. Go to Source Powered by WPeMatico
Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting
BTC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies. Go to Source Powered by WPeMatico
Bank of Russia to ban mutual funds from investing in Bitcoin
Mutual funds in Russia will not be allowed to provide crypto exposure to qualified or unqualified investors. Go to Source Powered by WPeMatico
Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate
Nigerian blockchain and cryptocurrency experts have suggested that many prospective users will only consider adopting the e-naira once the central bank has done enough to make the CBDC (central bank digital currency) an attractive option to use. E-Naira Still Unattractive to Users Some Nigerian experts have expressed doubts about claims by the Central Bank of … Read more
Robinhood partners with Chainalysis ahead of crypto wallet launch
The trading app will adopt Chainalysis’ monitoring compliance solution Know-Your-Transaction as well as the Chainalysis Reactor, its investigations software. Go to Source Powered by WPeMatico
Binance Singapore withdraws crypto license application
Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform. Go to Source Powered by WPeMatico