After disapproval over the adoption of Bitcoin as a legal tender by the Central African Republic, the IMF (International Monetary Fund) has shifted its focus to the CBDC of the Bahamas, the Sand Dollar. The agency has recommended that the country’s regulators conduct more supervision and provide more education for citizens. Apart from proposing that … Read more
South Korea’s democratically elected President has shown his understanding of cryptocurrency. The President has announced that there would be no imposed tax on cryptocurrency investment profits until laws can be put in place to safeguard consumers. President Yoon Delays Implementation of Cryptocurrency Taxation In a Tuesday announcement, South Korea’s President, Yoon Suk-yeol, said that he … Read more
South Korea’s new government, led by Yoon Suk-yeol, is moving quickly to implement key changes in the nation’s crypto industry. These changes will allow for the reintroduction of ICOs, which were abolished in 2017 due to the high incidence of fraud. A New Crypto Asset Framework For North Korea The new President’s Transition Committee is … Read more
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
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
The Ethereum community has been on a long trip, and the merge concludes that journey. As the hype around the merge continues to build, Tim Beiko, developer at Ethereum Foundation, has warned that fans would have to endure for a few more months before seeing the results. The Ethereum Merger No Longer In June For … Read more
Recently, the emergence and adoption of digital currencies have progressed rapidly, with some nations already accepting BTC as a means of payment. As noted by a study released on the 25th of March by the IMF titled “Crypto, Corruption, and Capital Controls: Cross-Country Correlations, individuals living in nations with high levels of fraud are more … Read more
MoonPay, a fintech company, has enabled instant card transactions on the OpenSea NFT market, making it much easier for individuals who do not own cryptocurrency to purchase an NFT. This new feature is a welcome development for the crypto community as more persons can buy NFT using their debit/credit cards. Easier Method To Buy NFT … Read more
According to CNBC, the United Kingdom government is working on revealing a crypto regulation framework in the upcoming weeks, focusing on stablecoins. Industry sources believe that the U.K’s decision-makers have a growing interest in stablecoins and the move is part of the government’s strategy of regulating the industry. The financial regulatory body has held meetings … Read more
ALGO price hit the $0.67 level for the 4rth time in almost a year in its 2-day chart. Algorand’s price currently trades beneath last week’s support, near $0.70. The alt should consolidate beyond $0.77 to cancel the bearish narrative. Algorand’s price might suffer further declines of roughly 20% as ALGO bears successfully flipped last … Read more
