Invesco exec reveals reasons for dropping Bitcoin futures ETF
Invesco withdrew its Bitcoin Strategy ETF due to the inability to offer exposure to a mix of futures swaps and spot Bitcoin. Go to Source Powered by WPeMatico
Cryptocurrencies
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Crypto can erode tax base, Russia’s tax boss says
The Russian State Duma approved a bill on crypto taxation in early 2021 but the bill has yet to move any further. Go to Source Powered by WPeMatico
Venezuelans promised Axie Infinity scholarships for crypto training courses
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country. Go to Source Powered by WPeMatico
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested in Canada for Stealing Crypto … Read more
Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies
Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should … Read more
Digital Ruble Poses Risks to Financial Sector and Security, Russian Lawmakers Warn
Russian parliamentarians have cautioned against risks associated with the introduction of a digital ruble. Among them are the likely increase of competition pressure on banks and new challenges that may arise in the field of information security. Financial Market Committee Sees Threats in Digital Ruble Project Russia’s digital fiat, currently under development, brings certain risks … Read more
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool. Go to Source Powered by WPeMatico
Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’
AVAX, ENJ and EGLD brush off the recent drop in BTC price by posting a fresh round of all-time highs. Go to Source Powered by WPeMatico
3 reasons why Keep3rV1 (KP3R) price hit a new all-time high this month
A major exchange listing, steady ecosystem growth and the golden touch of a particular protocol developer back the massive 4-digit rally seen in KP3R price. Go to Source Powered by WPeMatico
Altcoin Roundup: 3 signs that show crypto mass adoption is underway
A slew of major developments in finance and popular culture indicate that 2021 officially kicked off the mass adoption of cryptocurrencies. Go to Source Powered by WPeMatico