Price Of Bitcoin Drops Below $37k After Rising To $40k

After an unsuccessful wedge breakout, the price of Bitcoin have plummeted after it crossed the $40k mark initially. BTC has broken through the $37,800 support region. The next nearest support area is located at a trading price of $34,700. Bitcoin Falls Below The $40k Mark  On the 4th of May, a falling wedge pattern was … Read more

Hawaii Launches Task Force For Crypto Regulation And Blockchain Adoption

The legislative arm in Hawaii has taken the bold step to regulate the usage of cryptocurrency and incorporate blockchain technology in the country. Two committees in the country’s legislative arm, Ways and Means (WAM) and Commerce and Consumer Protection (CPN), have unanimously supported the creation of a special task force that will investigate the regulation … Read more

Dubai Estate Developer Now Accepts BTC And ETH Payment

The Dubai companies that accept Bitcoin are growing, with Damac being the most recent example. The latest news has disclosed that Damac Properties, a famous real estate firm in Dubai, would start accepting Bitcoin payments for its properties. Invest In Real Estate Using BTC and ETH  Following the publication of a report in the Khaleej … Read more

Buenos Aires To Allow Tax Payment Using Crypto

Horacio Larreta, leader of Argentina’s capital, Buenos Aires, has stated the city would enable its inhabitants to pay certain taxes using cryptos soon. This is among a digitization initiative dubbed “Buenos Aires+” by the city. The aim of this initiative is to strengthen the city’s relationship with its citizens.  Buenos Aires To Implement Crypto Tax … Read more

Panama Issues Crypto Regulation On Payment Methods

Panama’s parliament has enacted legislation governing cryptocurrency, which is now awaiting the signature of the country’s President. Several areas of the cryptocurrency industry are covered in this regulation, including payment methods and tokenization. More nations are starting to approve crypto-related legislation, and now the focus is shifting to decentralized financial (DeFi)infrastructure. According to the nation’s … Read more

Meta To Launch Physical Stores As Competition In The Metaverse Rise

Meta, formerly Facebook, has announced the opening of its physical shop, which will open on the 9th of May in Los Angeles. Customers may check out different gadgets and receive demonstrations and experiences related to the virtual world at the center. Meta’s Physical Store And Its Features  Meta has revealed the opening of the company’s … Read more

Central Bank Of Mexico To Issue CBDC In 2025

The Governor of the Central Bank of Mexico (Banxico), Victoria Rodriguez, stated before the nation’s Senate that it will issue a CBDC by 2025. Rodriguez believes the new national digital currency would encourage more people to use conventional financial services.  As she put it, “cryptocurrency seeks to encourage payment method focused on financial inclusion while … Read more

UK’s Regulatory Body Warns Citizens About Using US Cryptocurrency Trading Platform

The Financial Conduct Authority (FCA), the United Kingdom’s financial sector regulatory agency, has advised traders against doing business with Crypto Vault Traders, a company located in the US. In a report issued on its official website, the watchdog stated that the company is selling financial products or services in the United Kingdom without its permission. … Read more

IMF Says Cryptocurrency Regulations Are Priority in India; Russia Says It Will Tax Crypto

On Wednesday, a top official of the International Monetary Fund (IMF), Tobias Adrian, said that creating regulation for India’s cryptocurrency industry is vital. The statement comes during an interview with the said official concerning the state of India’s economy. More countries and organizations are increasingly learning about the prospects of virtual assets for their economies. … Read more

Commerzbank, A German Banking Institution, Applies For Cryptocurrency Holding License

A representative for Commerzbank revealed to local news media that the bank had submitted an application for the cryptocurrency license with BaFin at the beginning of the year, marking the first time a major German bank had done so. An Application To Hold Cryptocurrency In Germany, one of the nation’s top financial institutions has released … Read more

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